NTT UD REIT Investment Management

Management criteria checks 1/4

We currently do not have sufficient information about the CEO.

Key information

Minoru Torigoe

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	2.4yrs
CEO ownership	n/a
Management average tenure	7yrs
Board average tenure	2.4yrs

Recent management updates

Recent updates

CEO

Minoru Torigoe

2.4yrs

Tenure

Mr. Yutaka Torigoe serves as President and Representative Director at NTT UD REIT Investment Corporation since June 2022. He serves as President & CEO of NTT Urban Development Asset Management Corporation...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Minoru Torigoe	President & Representative Director	2.4yrs	no data	no data
Takeshi Iwata	Director & CFO of Finance Department	no data	no data	no data
Katsushi Hattori	Chief Investment Officer	7.6yrs	no data	no data
Tomohiko Sato	Compliance Officer of Premier REIT Advisors Co.	no data	no data	no data
Masataka Naganuma	Head of Operation Audit Office of Premier REIT Advisors Co.	6.3yrs	no data	no data
Takeshi Oodera	Executive Director	5.4yrs	no data	no data
Hiroshi Ogasawara	GM of Business Management Dep. & Director	1.6yrs	no data	no data
Fumihiro Yasutake	Dy President & Chief Information Officer - Premier REIT Advisors Co Ltd - AMC	14.4yrs	no data	no data
Atsuo Komai	CFO, GM of Business Affairs Dept & Director of Premier REIT Advisors Co Ltd - AMC	14.4yrs	no data	no data
Takuya Matsuno	General Manager of Planning & IR Department	7.6yrs	no data	no data
Seiji Okinaga	GM of Investment Sales Department & Director	no data	no data	no data

7.0yrs

Average Tenure

Experienced Management: 8956's management team is seasoned and experienced (7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Minoru Torigoe	President & Representative Director	2.4yrs	no data	no data
Takeshi Iwata	Director & CFO of Finance Department	no data	no data	no data
Takeshi Oodera	Executive Director	2.3yrs	no data	no data
Hiroshi Ogasawara	GM of Business Management Dep. & Director	1.6yrs	no data	no data
Atsuo Komai	CFO, GM of Business Affairs Dept & Director of Premier REIT Advisors Co Ltd - AMC	14.4yrs	no data	no data
Seiji Okinaga	GM of Investment Sales Department & Director	no data	no data	no data
Yuji Dai	Supervisory Director	9.6yrs	no data	no data
Kazuhiro Kimura	Director	no data	no data	no data
Jun Ozeki	Substitute Supervisory Director	5.7yrs	no data	no data
Masaki Takeuchi	Supervisory Director	2.2yrs	no data	no data
Junko Ito	Part-Time Auditor	no data	no data	no data
Yasunori Onodera	Director	no data	no data	no data

2.4yrs

Average Tenure

62yo

Average Age

Experienced Board: 8956's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.

NTT UD REIT Investment Management

Management criteria checks 1/4

Key information

Recent management updates

NTT UD REIT Investment Corporation Announces Board Changes

No independent directors

NTT UD REIT Investment Corporation Announces Resignation of Yuichi Kato as Executive Director, Effective June 30, 2022

No independent directors

Premier Investment Corporation, Annual General Meeting, Mar 25, 2021

Recent updates

Now 22% overvalued

Upcoming dividend of JP¥2,810 per share

NTT UD REIT Investment Corporation Announces Board Changes

Now 22% overvalued

First half dividend of JP¥2,810 announced

First half 2024 earnings released: FFO per share: JP¥4.0k (vs JP¥3,636 in 1H 2023)

First half 2024 earnings released: EPS: JP¥2,849 (vs JP¥3,572 in 1H 2023)

Upcoming dividend of JP¥3,216 per share

Full year 2023 earnings released: FFO per share: JP¥6.9k (vs JP¥7,531 in FY 2022)

NTT UD REIT Investment Corporation acquire Two Office Buildings in Japan from NTT Urban Development Corporation for ¥18.4 billion.

New major risk - Revenue and earnings growth

NTT UD REIT Investment Corporation Reports Dividend for the Period from May 1, 2023 to October 31, 2023, Payable on January 22, 2024

New minor risk - Shareholder dilution

NTT UD REIT Investment Corporation acquired Two Office Buildings in Japan from NTT Urban Development Corporation for ¥18.4 billion

NTT UD REIT Investment Corporation to Report Q2, 2024 Results on Dec 15, 2023

Now 21% undervalued after recent price drop

Upcoming dividend of JP¥3,150 per share at 4.4% yield

First half 2023 earnings released: FFO per share: JP¥3.6k (vs JP¥3,720 in 1H 2022)

New major risk - Revenue and earnings growth

New major risk - Financial position

First half 2023 earnings released: EPS: JP¥3,572 (vs JP¥4,055 in 1H 2022)

Upcoming dividend of JP¥3,150 per share at 4.0% yield

Full year 2022 earnings released: FFO per share: JP¥7.5k (vs JP¥3,671 in FY 2021)

NTT UD REIT Investment Corporation Reports Dividend for the Period from May 1, 2022 to October 31, 2022, Payable on January 21, 2023

No independent directors

NTT UD REIT Investment Corporation to Report Q2, 2023 Results on Dec 15, 2022

Upcoming dividend of JP¥2,730 per share

First half 2022 earnings released: FFO: JP¥12.6b per share (vs JP¥3,714 in 1H 2021)

NTT UD REIT Investment Corporation Announces Resignation of Yuichi Kato as Executive Director, Effective June 30, 2022

First half 2022 earnings released: EPS: JP¥4,055 (vs JP¥4,024 in 1H 2021)

NTT UD REIT Investment Corporation Provides Dividend Forecast of the 40Th Fiscal Period (May 1, 2022 October 31, 2022) and the 41st Fiscal Period (November 1, 2022 April 30, 2023)

NTT UD REIT Investment Corporation to Report Fiscal Year 2022 Results on Jun 16, 2022

No independent directors

Upcoming dividend of JP¥3,975 per share

Upcoming dividend of JP¥3,130 per share

Price target increased to JP¥154,333

First half 2021 earnings released: EPS JP¥4,024 (vs JP¥2,872 in 1H 2020)

NTT UD REIT Investment Corporation Provides Earnings Guidance for the Periods Ending October 31, 2021 and April 30, 2022

Upcoming dividend of JP¥3,890 per share

Premier Investment Corporation, Annual General Meeting, Mar 25, 2021

New 90-day high: JP¥144,700

New 90-day high: JP¥134,300

Full year 2020 earnings released: EPS JP¥5,796 (vs JP¥6,042 in FY 2019)

New 90-day high: JP¥127,900

New 90-day high: JP¥126,600

Premier Investment Corporation (TSE:8956) acquired Shinagawa Season Terrace acquired ¥12.2 billion.

An unknown buyer agreed to acquire Beneficiary interest in Urbannet Kojimachi Building in Japan from Premier Investment Corporation (TSE:8956) for ¥5.5 billion.

Price target lowered to JP¥135,500

CEO

Tenure

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age