Tokyu Land CorporationToward a Beautiful Age -The Tokyu Group

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TOREIT conducts surveys on the operating environment of actual real estate properties in J-REIT. These surveys compile the analyzed results of the operating NOI cap rates, appraised cap rates during acquisition, acquisitions and sales of properties, rental standards, net working rates and expenditure rates, organized by area asset types. The monthly report contains the latest information and is released every month, while the detailed quarterly reports are released in January, April, July and October.