Tokyu REIT Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Yoshitaka Kimura

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	1.5yrs
CEO ownership	n/a
Management average tenure	2yrs
Board average tenure	3.6yrs

Recent management updates

Recent updates

CEO

Yoshitaka Kimura (61 yo)

1.5yrs

Tenure

Yoshitaka Kimura severs as Representative Director & President, Chief Executive Officer at Tokyu Real Estate Investment Management Inc. of Tokyu REIT, Inc. from 2023. Yoshitaka Kimura was its Representativ...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Yoshitaka Kimura	President	1.5yrs	no data	no data
Tatsumi Yamagami	EVP of Corp Planning	2.6yrs	no data	no data
Masayuki Asaba	Exec. Officer	3.6yrs	no data	no data
Taisuke Inoue	Executive Officer & Head of Asset Management Department of Tokyu REIM Inc.	1.5yrs	no data	no data

2.0yrs

Average Tenure

Experienced Management: 8957's management team is considered experienced (2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Yoshitaka Kimura	President	4.4yrs	no data	no data
Tatsumi Yamagami	EVP of Corp Planning	3.6yrs	no data	no data
Maruhito Kondo	Supervisory Director of Tokyu Real Estate Investment Management Inc.	21.4yrs	JP¥3.00m	no data
Naohisa Akimoto	Part-Time Auditor of Tokyu Real Estate Investment Management Inc.	8.4yrs	no data	no data
Takashi Aikawa	Supervisory Director of Tokyu Real Estate Investment Management Inc.	3.5yrs	no data	no data
Kazuya Konoike	Part-Time Auditor of Tokyu Real Estate Investment Management Inc.	1.5yrs	no data	no data
Minako Matsumoto	Substitute Supervisory Director of Tokyu Real Estate Investment Management Inc.	1.6yrs	no data	no data

3.6yrs

Average Tenure

61yo

Average Age

Experienced Board: 8957's board of directors are considered experienced (3.6 years average tenure).

Tokyu REIT Management

Management criteria checks 2/4

Key information

Recent management updates

No independent directors

No independent directors

Tokyu REIT, Inc., Annual General Meeting, Apr 16, 2021

Recent updates

Full year 2024 earnings released: FFO per share: JP¥8.2k (vs JP¥7,261 in FY 2023)

Full year 2024 earnings released: FFO per share: JP¥8.2k (vs JP¥7,261 in FY 2023)

Tokyu REIT, Inc. Revises Dividend Guidance for the Period from February 1, 2024 to July 31, 2024

New minor risk - Earnings quality

First half 2024 earnings released: EPS: JP¥4,511 (vs JP¥7,043 in 1H 2023)

Upcoming dividend of JP¥3,750 per share at 4.3% yield

New minor risk - Earnings quality

New major risk - Financial position

Tokyu REIT, Inc. to Report Fiscal Year 2023 Results on Oct 17, 2023

Upcoming dividend of JP¥3,750 per share at 4.2% yield

Tokyu REIT, Inc. to Report Fiscal Year 2023 Results on Sep 14, 2023

Tokyu REIT, Inc. Revises Earnings Guidance for the Fiscal Period Ending July 31, 2023 and January 31, 2024

Full year 2023 earnings released: FFO per share: JP¥3.2k (vs JP¥8,083 in FY 2022)

First half 2023 earnings released: EPS: JP¥7,043 (vs JP¥7,233 in 1H 2022)

Upcoming dividend of JP¥4,040 per share

Full year 2022 earnings released: FFO per share: JP¥6.6k (vs JP¥9,093 in FY 2021)

No independent directors

Keppel REIT (SGX:K71U) and Keppel Capital Holdings Pte. Ltd. entered into a trust beneficial interest purchase and sale agreement to acquire Trust beneficiary interest in Tokyu Ginza 2-chome Building from Tokyu REIT, Inc. (TSE:8957) for ¥9 billion.

Full year 2022 earnings released

Tokyu Reit, Inc. Announces Distribution for the Period Ended July 31, 2022, Payable on October 17, 2022

Upcoming dividend of JP¥3,910 per share

No independent directors

First half 2022 earnings released: FFO: JP¥6.94b per share (vs JP¥4,418 in 1H 2021)

Price target increased to JP¥203,000

Upcoming dividend of JP¥3,950 per share

Tokyu REIT, Inc. Revises Earnings Guidance for the First Half and Second Half of Fiscal Year 2022

Full year 2021 earnings released: FFO JP¥4,418 per share (vs JP¥3,995 in FY 2020)

Tokyu REIT, Inc. Provides Earnings Guidance Fiscal Period Ended January 31, 2022 and Period Ended July 31, 2022

Upcoming dividend of JP¥3,400 per share

Price target increased to JP¥189,200

Part-Time Director of Tokyu Real Estate Investment Management Inc. has left the company

Tokyu REIT, Inc. Revises Earnings Guidance for the Period Ending July 2021 and January 2022

Price target increased to JP¥176,200

First half 2021 earnings released: EPS JP¥4,177 (vs JP¥3,662 in 1H 2020)

Tokyu REIT, Inc. Provides Distribution Guidance for the Period Ending July 2021 and January 2022

Tokyu REIT, Inc. Announces Distribution for the Period Ended January 2021, Payable on April 15, 2021

Tokyu REIT, Inc., Annual General Meeting, Apr 16, 2021

New 90-day high: JP¥186,400

New 90-day high: JP¥168,500

Upcoming Dividend of JP¥3,520 Per Share

New 90-day high: JP¥168,000

New 90-day high: JP¥156,800

ORIX Asset Management Corporation signed a purchase and sale purchase agreement to acquire a 51% stake in TOKYU REIT Akasaka Hinokicho Building from Tokyu REIT, Inc. (TSE:8957) for ¥2.4 billion.

Tokyu REIT, Inc. (TSE:8957) agreed to acquire OKI Business Center No.5 in Tokyo for ¥11.9 billion.

ORIX JREIT Inc. (TSE:8954) completed the acquisition of 49% stake in TOKYU REIT Akasaka Hinokicho Building from Tokyu REIT, Inc. (TSE:8957).

Tokyu REIT, Inc. (TSE:8957) completed the acquisition of UNIZO Shimo-kitazawa Building.

Tokyu REIT, Inc. to Report Fiscal Year 2020 Results on Sep 14, 2020

CEO

Tenure

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age