September Capsule

JLF News

Japan Logistics Fund, Inc. (JLF) has announced the results of its 8th fiscal period (Feb.1, 2009 to Jul. 31, 2009) as follows:

 

::::::::::::::::::::Operating Revenue: 4,523 million yen

::::::::::::::::::::Net Income: 1,950 million yen

::::::::::::::::::::Dividend per unit: 15,951 yen

 

Though JLF has maintained a stable financial base, it is currently facing difficulties in its financial acitivities due to the global financial crisis. However, this worldwide crisis has another aspect that benefits JLF's activities, namely the acquisition market that prevails. Specifically, due to this financial crisis most foreign competitors are sufferring in terms of their financial situation and thus are obliged to cease their development acitivities and seek opportunities to release properties in their portfolio. As a result, for JLF there are currently many more investment opportunities for properties whose specs are very competitive and whose prices have declined to within our pricing level.