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
NBF implemented a split of its investment units on a five-for-one basis effective as of October 1, 2024.
NAV per Unit
NBF implemented a split of its investment units on a five-for-one basis effective as of October 1, 2024.
Total Acquisition Price
1,457.9 billion yen
Market cap
1,041.0 billion yen
Ratio of investment in central 5 wards of Tokyo（acquisition price basis）
57.1 %
Share of investment in 23 wards of Tokyo 83.7 %
Total rentable area
1.193 million ㎡
Average Occupancy Rate
98.0 %
As of Dec 31, 2024
JCR
AA＋
R&I
AA
S&P
A＋
LTV
42.4 %
Target 36~46%
Long-Term fixed-
rate debt ratio
88.2 %
Target 80% above
Average
interest rate
0.48 %
Average
maturity
4.82 years
As of Dec 31, 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