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  3. JLF’s Strengths
  4. Portfolio Management

Portfolio Management

OBR strategy aimed at maximizing asset value

OBR = Own Book Redevelopment

The benefits of OBR

  • ・Avoid the outflow of development profits
  • ・Maximize asset value by converting the asset into a large-scale property
  • ・Enhance the portfolio’s earnings capability by expanding leasable space

Track record

Track record

Track record

For more information, please see here.

Track record

For more information, please see here.

Portfolio Management Policy

JLF checks the following points to determine whether there are signs for concern about the "stability of cash flows".

As for properties for which there are signs for concern regarding the stability of cash flows as a result of checking, JLF will take measures in the following order:

Criteria for OBR

For the implementation of OBR, which is a characteristic of JLF, JLF sets the following four criteria.

  • ①The location is prime.

    The location advantage is high, and strong competitiveness is expected to be maintained.

  • ②The book value of the building is low due to aging, etc.

    For reasons such as the fact that depreciation period is almost over or the building is small etc., the impact of fixed asset writedowns associated with demolition work on dividends is small.

  • ③ The untapped floor-to-area ratio is high.

    Given that the untapped floor-to-area ratio is high, a significant increase in the gross floor area is expected as a result of implementing OBR.

  • ④A higher yield than the case of acquiring an income-generating property in the market can be expected.

    A higher yield than the case of acquiring an income-generating property in the market can be expected.

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