Premier Investment Corporation (PIC) is a J-REIT (real estate investment trust) that manages a portfolio comprised of office buildings and residential properties, investing primarily in the Tokyo Economic Bloc.
PIC was the sixth J-REIT listed on the Tokyo Stock Exchange (securities code: 8956) in September 2002. Since then, PIC has steadily expanded its portfolio valued at approximately 160 billion yen on an acquisition price basis.
PIC utilizes a hedged strategy that minimizes risk by combining the strengths of office buildings and residential properties against economic cycles, as well as employing a strategic focus on the Tokyo Economic Bloc and prudent management of debt and equity financing. This approach has enabled PIC to successfully achieve steady dividends at a high level over the past fiscal periods.
PIC outsources management of its assets to Premier REIT Advisors, Co., Ltd. (PRA). Both PIC and PRA are committed to realizing stable operations over the medium to long term while working to improve the quality of the owned assets.
| Corporate Name | Premier Investment Corporation |
|---|---|
| Tokyo Stock Exchange Securities Code | 8956 |
| Executive Director | Yuichi Kawamori |
| Supervisory Directors | Haruki Iinuma (attorney-at-law) Tadashi Niizawa (certified public accountant) |
| Address | 8-4-14 Akasaka, Minato Ward, Tokyo 107-0052 |
| Fiscal Term | Six-month periods from May 1 through October 31, and from November 1 through April 30, of each year |
| April 22, 2002 | Notification of incorporation by the founder (Premier REIT Advisors Co., Ltd.) under Article 69 of Japan's Law Concerning Investment Trusts and Investment Corporations |
|---|---|
| May 2, 2002 | Registration of incorporation under Article 166 of Japan's Law Concerning Investment Trusts and Investment Corporations, and establishment of the Investment Corporation |
| May 16, 2002 | Application for registration under Article 188 of Japan's Law Concerning Investment Trusts and Investment Corporations |
| June 11, 2002 | Registered by the Prime Minister of Japan under Article 187 of Japan's Law Concerning Investment Trusts and Investment Corporations. (Registration number 18, filed with the Director of the Kanto Local Finance Bureau) |
| September 2, 2002 | Approved for listing on the Tokyo Stock Exchange (J-REIT securities market) |
| September 10, 2002 | Listed on the Tokyo Stock Exchange (J-REIT securities market) |
| November 15, 2003 | Issuance of new investment units |
| December 10, 2003 | Capital increase through third-party allocation of units |
| May 31, 2005 | Issuance of new investment units |
| November 26, 2007 | Issuance of new investment units |
| May 14, 2010 | Capital increase through third-party allocation of units |
| November 14, 2011 | Issuance of new investment units |
| December 12, 2011 | Capital increase through third-party allocation of units |