Features of NBF
sponsored by Mitsui Fudosan
As the largest J-REIT in Japan, NBF aims to achieve steady growth of its assets and secure stable profits from a medium- to long-term perspective by maximizing the know-how of its sponsor, the Mitsui Fudosan Group.
as a J-REIT
the longest distribution record among J-REITs
Distribution per Unit
NAV per Unit
Total Acquisition Price
1,466.7 billion yen
Market cap
957.6 billion yen
Ratio of investment in central 5 wards of Tokyo（acquisition price basis）
56.8 %
Share of investment in 23 wards of Tokyo 83.2 %
Total rentable area
1.209 million ㎡
Average Occupancy Rate
97.8 %
As of Jun 30, 2024
JCR
AA＋
R&I
AA
S&P
A＋
LTV
42.4 %
Target 36~46%
Long-Term fixed-
rate debt ratio
88.4 %
Target 80% above
Average
interest rate
0.45 %
Average
maturity
5.30 years
As of Jun 30, 2024
Maximum use of Mitsui Fudosan Group’s know-how
Leverage the comprehensive strengths of the Mitsui Fudosan Group
- NAV per unit ＝ (Unitholders' capital at period end + Reserve for advanced depreciation in the next period (reserve - reversal) + Unrealized gain or loss on appraisal value at period end) ÷ Units issued and outstanding at period end