Features of PIC
Characteristics and Basic Policy of PIC
Integrates Know-How in Real Estate and Finance
PIC conducts asset management that takes advantage of the expertise and experience nourished primarily by NTT Urban Development Corporation, which implements the real estate development and leasing businesses, etc. and serves as the main sponsor of Premier REIT Advisors Co., Ltd., as well as other sponsors comprising Kenedix, Inc., one of Japan's leading real estate asset management companies, SOHGOH REAL ESTATE Group, which conducts comprehensive real estate businesses including sale of residences, and Sumitomo Mitsui Trust Bank, Limited, which boasts of the first-rate track records in real estate-related businesses in Japan.
Aims to Maximize Real Estate Value
Real estate is an important asset indispensable for the national economy. PIC aims to maximize the interests of its unitholders by enhancing the profitability of such real estate.
Firmly Holds a Dynamic and Sound Financial Balance
PIC has executed basic agreements on loans with various financial institutions including Sumitomo Mitsui Trust Bank, Limited to establish a framework that allows dynamic financing (fund procurement) in line with property acquisitions. In addition, PIC makes it a basic policy to keep its LTV (Note) at 60% or lower, giving consideration to possible issuance of new investment units in a stable manner and other financing activities. Through this and other measures, PIC firmly holds a sound financial standing.
(Note) LTV (loan to value) = [interest-bearing liabilities / (interest-bearing liabilities + unitholders' capital)] x 100
Endeavors to Disclose Information in a Timely and Appropriate Manner
PIC believes that its top priority mission is to conduct appropriate business management and return profits stably to the satisfaction of its unitholders. PIC will endeavor to proactively conduct information disclosure and IR activities so that a larger number of unitholders can fully understand the characteristics of its management policies and strategies on investment target areas.