Kenedix Office Investment Corp | REIT Profile

Symbol: 8972
Exchange: TSE
Founded: 2005 (19 years)
HQ: Tokyo, Japan
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Office, Retail

See 8972 on Yahoo Finance

Kenedix Office Investment Corporation (KDO) has listed on the Real Estate Investment Trust Market of the Tokyo Stock Exchange, Inc. since July 2005, improved the portfolio quality and accomplished sales and profit growth. We have applied the real estate and finance expertise of the staff at the group of our sponsor Kenedix, Inc., listed on the first section of the Tokyo Stock Exchange, and our asset manager Kenedix Real Estate Fund Management, Inc. in the management of KDO, and promptly and flexibly managed our portfolio based on economic and real estate market trends. Moreover, we have continued to expand the portfolio size through not only pipeline for property acquisition from the sponsor but also the proprietary network, and built a robust portfolio consisting of excellent properties, earning confidence among Japanese and overseas institutional investors and lenders. KDO is focused primarily on mid-sized office buildings in Tokyo. Contrary to the common perception of Tokyo office buildings being mainly headquarters of large corporations, more than 90% of offices in Tokyo hold fewer than 30 employees. Thus, these properties provide a more diversified tenant base compared to larger buildings, enabling us to furnishing stable and attractive investment opportunities for the well-informed investor. Furthermore, we have continuously implemented Customer Satisfaction (CS) surveys for our tenants on a regular basis, asset management and property management emphasizing CS with advantage of scale, and promoted effective management that would contribute to our unitholders' profit growth in the mid-and-long term. We are aiming at the robust portfolio expansion by asset size growth, continuing stable financial management and sincerely thank you for your support.