The strengths of FRC primarily lie in the following five aspects.
(1) A REIT specialized in an area having further growth potential
FRC invests specifically in Fukuoka and Kyushu, which is an area having further growth potential.
Fukuoka City is ranked first among Japanese cities designated by the government ordinance both in terms of the population growth rate and the ratio of the younger generation.
Partly due to its proximity to Asia, the number of foreign tourists visiting the area is growing steadily.
(2) Sponsorship structure mainly comprising local business leaders
Fukuoka Realty Co., Ltd., the asset manager of FRC, is sponsored by powerful companies that lead the regional business world, centering on Fukuoka Jisho Co., Ltd., one of the largest developers in the Kyushu area.
(Note 1) Concluded an agreement concerning pipeline support with FRC Corporation and Fukuoka Realty Co., Ltd.
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Fukuoka Jisho Co., Ltd., one of the largest developers in the Kyushu area and having abundant achievements, serves as the main sponsor
Fukuoka Jisho, the main sponsor headquartered in Fukuoka City, is one of the largest developers in the Kyushu area. Demonstrating strengths in the development and operation of retail facilities, the company has developed and operated many such assets, including Canal City Hakata. It also has abundant achievements in developing office buildings including many class A office buildings in Fukuoka City. It is also engaged in creating cities and communities, and enjoys an established reputation for its abilities, particular to a locally company, with regard to information, leasing and property management.
Canal City Hakata
Park Place Oita
Konoha Mall Hashimoto
(3) Payment of stable dividends continuing since listing
FRC has continued to pay dividends at a high level based on stable cash flows.
(4) A portfolio of blue-chip properties and high occupancy rate
FRC owns blue-chip properties that represent the Fukuoka and Kyushu area, and keeps them operated at a high occupancy rate.
Moreover, it works to diversify the types of its investment assets in order to mitigate the risks associated with the regional concentration.
(5) Solid financial structure established
FRC works to disperse the debt repayment dates and increase the average length of time until debt maturity. It has established good relationships with financial institutions including megabanks and regional banks in Kyushu, led by the three sponsor banks (The Bank of Fukuoka, The Nishi-Nippon City Bank and Development Bank of Japan).