Advance Residence Investment Corporation (issue abbreviation: ADR, securities code: 8978), would like to offer its sincerest gratitude for your continued support, which has been integral in the remarkable growth we have achieved in our portfolio of residential properties since our listing.
During ADR’s seventh fiscal period, the clearer stance of support towards J-REITs provided by authorities led to increases in prices, centering on those J-REITs with low investment unit prices. Even the Tokyo Stock Exchange (TSE) REIT Index has recovered to just below 1,000 points as at the end of June.
The investment unit price of ADR, also, recovered to the 300,000 yen level and has consistently maintained that level since the start of the eighth fiscal period, hovering at relatively high levels compared to even the TSE REIT Index and Tokyo Stock Price Index (TOPIX). We attribute this also to the support of our investors. Allow me to take this occasion to thank you once again.
ADR will continue to grow its portfolio by utilizing the capabilities of the ITOCHU Group, a leading trading company and a developer.
And, to our tenants, we strive to provide comprehensive living services that exceed expectations.
We will use the information provided by ITOCHU through its global network to forecast changes that will affect us, and maximize the value of our properties.
Our main goal will be to achieve a steady and long-term growth, by challenging areas unchallenged, taking advantage of rental housing’s lower operational risk.
These efforts are all critical to our commitment to satisfy investors and tenants alike.
We humbly ask for your continued support.
Sincerely yours,
 |
Kenji Kousaka, Executive Director
Advance Residence Investment Corporation |
|