Capitalization and Main Investors
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Summary of investment units (as of February 28, 2023)
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| Stock code | 8953 |
|---|---|
| Stock Exchange | Tokyo Stock Exchange Real Estate Investment Corporation |
| Unit of investment units | 1 |
| Number of investors | 29,521 |
| Unitholder registry administrator | Mitsubishi UFJ Trust and Banking Corporation |
| Months of accounting period end | February and August |
| General Meeting of Unitholders | Once every two years |
* The Investment Corporation has no special benefit plans for its unitholders
Capitalization (as of February 28, 2023)
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| Total equity | JPY 411,878,082,160 |
|---|---|
| Authorized number of units | 16,000,000 |
| Units issued and outstanding | 6,989,091 |
Changes in Issued Unit Capital (as of February 28, 2023)
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| Date | Capital transaction | Number of units issued and outstanding (units） | Unitholders' capital (Millions of yen) |
Note | ||
|---|---|---|---|---|---|---|
| Increase | Balance | Increase | Balance | |||
| Sep. 14, 2001 | Private placement for incorporation | 400 | 400 | 200 | 200 | *1 |
| Mar. 12, 2002 | Public offering | 52,000 | 52,400 | 23,462 | 23,662 | *2 |
| Mar. 4, 2003 | Public offering | 95,000 | 147,400 | 47,697 | 71,360 | *3 |
| Mar. 26, 2003 | Allocation of investment units to a third party | 5,102 | 152,502 | 2,561 | 73,921 | *4 |
| Mar. 2, 2004 | Public offering | 67,000 | 219,502 | 42,267 | 116,188 | *5 |
| Mar. 8, 2005 | Public offering | 56,000 | 275,502 | 43,175 | 159,364 | *6 |
| Mar. 29, 2005 | Allocation of investment units to a third party | 4,000 | 279,502 | 3,083 | 162,448 | *7 |
| Sep. 14, 2005 | Public offering | 23,000 | 302,502 | 19,109 | 181,557 | *8 |
| Sep. 21, 2006 | Public offering | 78,000 | 380,502 | 64,263 | 245,821 | *9 |
| Sep. 27, 2006 | Allocation of investment units to a third party | 6,000 | 386,502 | 4,943 | 250,764 | *10 |
| Mar. 1, 2010 | Unit split | 1,159,506 | 1,546,008 | - | 250,764 | *11 |
| Mar. 1, 2010 | Merger | 142,190 | 1,688,198 | - | 250,764 | *12 |
| Sep. 14, 2011 | Public offering | 187,500 | 1,875,698 | 19,520 | 270,284 | *13 |
| Oct. 12, 2011 | Allocation of investment units to a third party | 4,500 | 1,880,198 | 468 | 270,752 | *14 |
| Oct. 1, 2012 | Public offering | 194,500 | 2,074,698 | 24,162 | 294,915 | *15 |
| Oct. 31, 2012 | Allocation of investment units to a third party | 4,500 | 2,079,198 | 559 | 295,474 | *16 |
| Oct. 2, 2013 | Public offering | 229,000 | 2,308,198 | 43,465 | 338,940 | *17 |
| Sep. 25, 2014 | Public offering | 119,500 | 2,427,698 | 23,816 | 362,756 | *18 |
| Oct. 22, 2014 | Allocation of investment units to a third party | 2,500 | 2,430,198 | 498 | 363,254 | *19 |
| Sep. 9, 2015 | Public offering | 119,500 | 2,549,698 | 23,453 | 386,707 | *20 |
| Oct. 7, 2015 | Allocation of investment units to a third party | 2,500 | 2,552,198 | 490 | 387,198 | *21 |
| Mar. 14, 2017 | Public offering | 112,500 | 2,664,698 | 24,143 | 411,341 | *22 |
| Mar. 29, 2017 | Allocation of investment units to a third party | 2,500 | 2,667,198 | 536 | 411,878 | *23 |
| Feb. 9, 2018 | Cancellation | -49,181 | 2,618,017 | - | 411,878 | *24 |
| Aug. 18, 2020 | Cancellation | -15,534 | 2,602,483 | - | 411,878 | *25 |
| Mar. 1, 2021 | Unit split | 2,602,483 | 5,204,966 | - | 411,878 | *26 |
| Mar. 1, 2021 | Merger | 1,784,125 | 6,989,091 | - | 411,878 | *27 |
*1
The Investment Corporation was incorporated through private placement at a price of 500,000 yen per unit.
*2
New investment units were issued at a price of 470,000 yen per unit (subscription price of 451,200 yen per unit) through a public offering in order to raise funds for acquiring new real property and refund short-term debts.
*3
New investment units were issued at a price of 521,228 yen per unit (subscription price of 502,080 yen per unit) through a public offering in order to raise funds for acquiring new real property and refund short-term debts.
*4
New investment units were issued at a price of 502,080 yen per unit through the allocation of investment units to a third-party in order to raise funds for acquiring new real property and refund short-term debts.
*5
New investment units were issued at a price of 654,910 yen per unit (subscription price of 630,852 yen per unit) through a public offering in order to raise funds for acquiring new real property and refund short-term debts.
*6
New investment units were issued at a price of 798,700 yen per unit (subscription price of 770,990 yen per unit) through a public offering in order to raise funds for acquiring new real property and refund short-term debts.
*7
New investment units were issued at a price of 770,990 yen per unit through the allocation of investment units to a third party in order to raise funds for acquiring new real property and refund short-term debts.
*8
New investment units were issued at a price of 861,300 yen per unit (subscription price of 830,850 yen per unit) through a public offering in order to refund short-term debts.
*9
New investment units were issued at a price of 852,600 yen per unit (subscription price of 823,890 yen per unit) through a public offering in order to raise funds for acquiring new real property and refund short-term debts.
*10
New investment units were issued at a price of 823,890 yen per unit through the allocation of investment units to a third party in order to raise funds for acquiring new real property and refund short-term debts.
*11
The Investment Corporation executed a four-for-one unit split.
*12
The Investment Corporation merged with LaSalle Japan REIT Inc. (“LJR”). The merger was an absorption-type in accordance with Article 147 of the Act on Investment Trusts with the Investment Corporation as the surviving corporation and LJR was dissolved.
*13
New investment units were issued at a price of 107,640 yen per unit (subscription price of 104,107 yen per unit) through a public offering in order to raise funds for acquiring new real property and refund short-term and long-term debts.
*14
New investment units were issued at a price of 104,107 yen per unit through the allocation of investment units to a third party in order to raise funds for acquiring new real property and refund short-term and long-term debts.
*15
New investment units were issued at a price of 128,310 yen per unit (subscription price of 124,230 yen per unit) through public offering in order to raise a part of funds for acquiring new real property.
*16
New investment units were issued at a price of 124,230 yen per unit through the allocation of investment units to a third party in order to raise a part of costs in associated with new real property acquisition, raise costs for issuance of new investment units and refund the borrowings.
*17
New investment units were issued at a price of 195,902 yen per unit (subscription price of 189,805 yen per unit) through public offering in order to raise a part of funds for acquiring new real property.
*18
New investment units were issued at a price of 205,702 yen per unit (subscription price of 199,300 yen per unit) through public offering in order to raise a part of funds for acquiring new real property.
*19
New investment units were issued at a price of 199,300 yen per unit through the allocation of investment units to a third party in order to raise a part of funds associated with new property acquisitions (remaining cash, if any, will be reserved for future acquisition of specified assets, etc.).
*20
New investment units were issued at a price of 202,566 yen per unit (subscription price of 196,261 yen per unit) through public offering in order to raise a part of funds for acquiring new real property.
*21
New investment units were issued at a price of 196,261 yen per unit through the allocation of investment units to a third party in order to raise a part of funds associated with new property acquisitions (remaining cash, if any, will be reserved for future acquisition of specified assets, etc.).
*22
New investment units were issued at a price of 221,382 yen per unit (subscription price of 214,605 yen per unit) through public offering in order to raise a part of funds for acquiring new real property.
*23
New investment units were issued at a price of 214,605 yen per unit through the allocation of investment units to a third party in order to raise a part of funds associated with new property acquisitions (remaining cash, if any, will be reserved for future acquisition of specified assets, etc.).
*24
Based on the discretionary transaction contract with a security company, the Investment Corporation acquired own investment units from October 17, 2017 to January 23, 2018. The Investment Corporation resolved the Cancellation of all the acquired own investment units at a meeting of the board of directors of the Investment Corporation which was held on January 26, 2018 and the acquired own investment units were retired on February 9, 2018.
*25
Based on the discretionary transaction contract with a security company, the Investment Corporation acquired own investment units from April 14, 2020 to June 5, 2020. The Investment Corporation resolved the Cancellation of all the acquired own investment units at a meeting of the board of directors of the Investment Corporation which was held on August 7, 2020 and the acquired own investment units were retired on August 18, 2020.
*26
The Investment Corporation executed a two-for-one unit split.
*27
The Investment Corporation merged with MCUBS MidCity Investment Corporation (“MMI”). The merger was an absorption-type in accordance with Article 147 of the Act on Investment Trusts with the Investment Corporation as the surviving corporation and MMI was dissolved.
The Investment Corporation was incorporated through private placement at a price of 500,000 yen per unit.
*2
New investment units were issued at a price of 470,000 yen per unit (subscription price of 451,200 yen per unit) through a public offering in order to raise funds for acquiring new real property and refund short-term debts.
*3
New investment units were issued at a price of 521,228 yen per unit (subscription price of 502,080 yen per unit) through a public offering in order to raise funds for acquiring new real property and refund short-term debts.
*4
New investment units were issued at a price of 502,080 yen per unit through the allocation of investment units to a third-party in order to raise funds for acquiring new real property and refund short-term debts.
*5
New investment units were issued at a price of 654,910 yen per unit (subscription price of 630,852 yen per unit) through a public offering in order to raise funds for acquiring new real property and refund short-term debts.
*6
New investment units were issued at a price of 798,700 yen per unit (subscription price of 770,990 yen per unit) through a public offering in order to raise funds for acquiring new real property and refund short-term debts.
*7
New investment units were issued at a price of 770,990 yen per unit through the allocation of investment units to a third party in order to raise funds for acquiring new real property and refund short-term debts.
*8
New investment units were issued at a price of 861,300 yen per unit (subscription price of 830,850 yen per unit) through a public offering in order to refund short-term debts.
*9
New investment units were issued at a price of 852,600 yen per unit (subscription price of 823,890 yen per unit) through a public offering in order to raise funds for acquiring new real property and refund short-term debts.
*10
New investment units were issued at a price of 823,890 yen per unit through the allocation of investment units to a third party in order to raise funds for acquiring new real property and refund short-term debts.
*11
The Investment Corporation executed a four-for-one unit split.
*12
The Investment Corporation merged with LaSalle Japan REIT Inc. (“LJR”). The merger was an absorption-type in accordance with Article 147 of the Act on Investment Trusts with the Investment Corporation as the surviving corporation and LJR was dissolved.
*13
New investment units were issued at a price of 107,640 yen per unit (subscription price of 104,107 yen per unit) through a public offering in order to raise funds for acquiring new real property and refund short-term and long-term debts.
*14
New investment units were issued at a price of 104,107 yen per unit through the allocation of investment units to a third party in order to raise funds for acquiring new real property and refund short-term and long-term debts.
*15
New investment units were issued at a price of 128,310 yen per unit (subscription price of 124,230 yen per unit) through public offering in order to raise a part of funds for acquiring new real property.
*16
New investment units were issued at a price of 124,230 yen per unit through the allocation of investment units to a third party in order to raise a part of costs in associated with new real property acquisition, raise costs for issuance of new investment units and refund the borrowings.
*17
New investment units were issued at a price of 195,902 yen per unit (subscription price of 189,805 yen per unit) through public offering in order to raise a part of funds for acquiring new real property.
*18
New investment units were issued at a price of 205,702 yen per unit (subscription price of 199,300 yen per unit) through public offering in order to raise a part of funds for acquiring new real property.
*19
New investment units were issued at a price of 199,300 yen per unit through the allocation of investment units to a third party in order to raise a part of funds associated with new property acquisitions (remaining cash, if any, will be reserved for future acquisition of specified assets, etc.).
*20
New investment units were issued at a price of 202,566 yen per unit (subscription price of 196,261 yen per unit) through public offering in order to raise a part of funds for acquiring new real property.
*21
New investment units were issued at a price of 196,261 yen per unit through the allocation of investment units to a third party in order to raise a part of funds associated with new property acquisitions (remaining cash, if any, will be reserved for future acquisition of specified assets, etc.).
*22
New investment units were issued at a price of 221,382 yen per unit (subscription price of 214,605 yen per unit) through public offering in order to raise a part of funds for acquiring new real property.
*23
New investment units were issued at a price of 214,605 yen per unit through the allocation of investment units to a third party in order to raise a part of funds associated with new property acquisitions (remaining cash, if any, will be reserved for future acquisition of specified assets, etc.).
*24
Based on the discretionary transaction contract with a security company, the Investment Corporation acquired own investment units from October 17, 2017 to January 23, 2018. The Investment Corporation resolved the Cancellation of all the acquired own investment units at a meeting of the board of directors of the Investment Corporation which was held on January 26, 2018 and the acquired own investment units were retired on February 9, 2018.
*25
Based on the discretionary transaction contract with a security company, the Investment Corporation acquired own investment units from April 14, 2020 to June 5, 2020. The Investment Corporation resolved the Cancellation of all the acquired own investment units at a meeting of the board of directors of the Investment Corporation which was held on August 7, 2020 and the acquired own investment units were retired on August 18, 2020.
*26
The Investment Corporation executed a two-for-one unit split.
*27
The Investment Corporation merged with MCUBS MidCity Investment Corporation (“MMI”). The merger was an absorption-type in accordance with Article 147 of the Act on Investment Trusts with the Investment Corporation as the surviving corporation and MMI was dissolved.
Top 20 Unitholders (as of February 28, 2023)
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| Rank | Name | No. of units (units) |
Ratio (%) |
|---|---|---|---|
| 1 | Custody Bank of Japan, Ltd. (Trust Account) | 1,393,190 | 19.93 |
| 2 | The Master Trust Bank of Japan, Ltd. (Trust Account) | 1,189,717 | 17.02 |
| 3 | The Nomura Trust and Banking Co., Ltd. (Investment Trust Account) | 341,761 | 4.88 |
| 4 | SMBC Nikko Securities Inc. | 163,633 | 2.34 |
| 5 | STATE STREET BANK WEST CLIENT - TREATY 505234 | 147,698 | 2.11 |
| 6 | SSBTC CLIENT OMNIBUS ACCOUNT | 143,578 | 2.05 |
| 7 | JAPAN SECURITIES FINANCE CO., LTD. | 115,255 | 1.64 |
| 8 | BNYM AS AGT/CLTS 10 PERCENT | 112,392 | 1.60 |
| 9 | Mizuho Securities Co., Ltd. | 110,647 | 1.58 |
| 10 | Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. | 102,207 | 1.46 |
| 11 | JP Morgan Securities Japan Co., Ltd. | 84,934 | 1.21 |
| 12 | STATE STREET BANK AND TRUST COMPANY 505103 | 84,318 | 1.20 |
| 13 | JP MORGAN CHASE BANK 385771 | 77,093 | 1.10 |
| 14 | STATE STREET BANK AND TRUST COMPANY 505225 | 66,081 | 0.94 |
| 15 | JP MORGAN CHASE BANK 380854 | 62,800 | 0.89 |
| 16 | JP MORGAN CHASE BANK 385781 | 57,102 | 0.81 |
| 17 | NORTHERN TRUST CO.(AVFC) RE 10PCT TREATY ACCOUNT(LENDING) | 52,815 | 0.75 |
| 18 | Kanden Realty & Development Co.,Ltd. | 46,000 | 0.65 |
| 19 | LEGAL + GENERAL ASSURANCE PENSIONS MANAGEMENT LIMITED | 43,101 | 0.61 |
| 20 | JP MORGAN CHASE BANK 385765 | 40,873 | 0.58 |
| Total of Top 20 | 4,435,195 |
63.45
|
|
* Percentages are rounded down to the second decimal place.
Ownership Ratio by Investor Type
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Retail investors / Others
Financial Institutions
Other Corporations
Overseas Investors
（%）
Number of Unitholders by investor type
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Financial Institutions
Other Corporations
Overseas Investors
（Unitholders）
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| Aug. 2020 | Feb. 2021 | Aug. 2021 | Feb. 2022 | Aug. 2022 | Feb. 2023 | |
|---|---|---|---|---|---|---|
| Total number of unitholders | 22,856 | 22,240 | 30,692 | 31,233 | 30,074 | 29,521 |
* The above chart excludes retail investors/others.