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JPXReal EstateREIT - Residential
Latest quote
¥185,500
+¥500 · +0.27%
Starts Proceed Investment Corporation with 150 million yen in capital (750 units) based on the Act on Investment Trusts and Investment Corporations. Starts Proceed Investment Corporation completed registration with the Kanto Local Finance Bureau based on Article 187 of the Investment Trusts Act on June 15, 2005 (Registration No. 37 issued by the Director-General of the Kanto Local Finance Bureau), implemented additional issuance of investment units through public offering (21,600 units) on November 29, 2005, and listed on Jasdaq Securities Exchange, Inc. (currently Tokyo Stock Exchange, Inc. JASDAQ Market) (Securities Code: 8979) the next day. After three capital increases through public offering and other developments since listing on the JASDAQ Market, SPI listed on the Tokyo Stock Exchange, Inc. Real Estate Investment Trust Securities Market (Securities Code: 8979) on July 27, 2010, and this was accompanied by an application for delisting being filed with the JASDAQ Market on August 10, 2010, and the delisting from the JASDAQ Market taking effect on October 1, 2010. SPI entrusts asset management to Starts Asset Management Co., Ltd. (the Asset Management Company) and sets the focus of management on investment in real estate of which the principal use is use as rental housing (rental housing) as well as specified assets (the meaning provided in Article 2, Paragraph 1 of the Investment Trusts Act; the same hereinafter) backed mainly by rental housing. SPI also invests in monthly rental apartments, serviced apartments, hotels, residential facilities for the elderly (collectively referred to as rental housing, etc. together with rental housing), which are assets related to rental housing, and real estate from which income can be expected due to other leasing revenue or specified assets backed by such real estate. As it invests in rental housing, etc., SPI adopts the basic policy of setting rental housing for average-income households in particular, the demand for which SPI believes to be the most stable, as the primary investment target. In addition, SPI takes measures, such as leveraging the capabilities of the Starts Group, to enhance asset management efficiency, with an aim to secure steady growth of assets under management and stable earnings over the medium to long term. In the 39th fiscal period, SPI acquired its own investment units in the period from December 17, 2024, to April 22, 2025, from the perspective of improving unitholders value over the medium- to long-term (total number of investment units acquired: 10,062; total acquisition amount: 1,737 million yen). All of the acquired investment units were cancelled on April 30, 2025. As a result, as of the end of the 39th fiscal period, the total number of investment units issued and outstanding is 272,415 units, total assets amount to 101,988 million yen, and unitholders capital (net) amounts to 45,600 million yen. Starts Proceed Investment Corporation was established on May 2, 2005.
Latest quote
¥185,500
+¥500 · +0.27%
Regular session · JST · Market data may be delayed.
Starts Proceed Investment Corporation with 150 million yen in capital (750 units) based on the Act on Investment Trusts and Investment Corporations. Starts Proceed Investment Corporation completed registration with the Kanto Local Finance Bureau based on Article 187 of the Investment Trusts Act on June 15, 2005 (Registration No. 37 issued by the Director-General of the Kanto Local Finance Bureau), implemented additional issuance of investment units through public offering (21,600 units) on November 29, 2005, and listed on Jasdaq Securities Exchange, Inc. (currently Tokyo Stock Exchange, Inc. JASDAQ Market) (Securities Code: 8979) the next day. After three capital increases through public offering and other developments since listing on the JASDAQ Market, SPI listed on the Tokyo Stock Exchange, Inc. Real Estate Investment Trust Securities Market (Securities Code: 8979) on July 27, 2010, and this was accompanied by an application for delisting being filed with the JASDAQ Market on August 10, 2010, and the delisting from the JASDAQ Market taking effect on October 1, 2010. SPI entrusts asset management to Starts Asset Management Co., Ltd. (the Asset Management Company) and sets the focus of management on investment in real estate of which the principal use is use as rental housing (rental housing) as well as specified assets (the meaning provided in Article 2, Paragraph 1 of the Investment Trusts Act; the same hereinafter) backed mainly by rental housing. SPI also invests in monthly rental apartments, serviced apartments, hotels, residential facilities for the elderly (collectively referred to as rental housing, etc. together with rental housing), which are assets related to rental housing, and real estate from which income can be expected due to other leasing revenue or specified assets backed by such real estate. As it invests in rental housing, etc., SPI adopts the basic policy of setting rental housing for average-income households in particular, the demand for which SPI believes to be the most stable, as the primary investment target. In addition, SPI takes measures, such as leveraging the capabilities of the Starts Group, to enhance asset management efficiency, with an aim to secure steady growth of assets under management and stable earnings over the medium to long term. In the 39th fiscal period, SPI acquired its own investment units in the period from December 17, 2024, to April 22, 2025, from the perspective of improving unitholders value over the medium- to long-term (total number of investment units acquired: 10,062; total acquisition amount: 1,737 million yen). All of the acquired investment units were cancelled on April 30, 2025. As a result, as of the end of the 39th fiscal period, the total number of investment units issued and outstanding is 272,415 units, total assets amount to 101,988 million yen, and unitholders capital (net) amounts to 45,600 million yen. Starts Proceed Investment Corporation was established on May 2, 2005.
Day range
Current ¥185,500
52-week range
Current ¥185,500
Regular session · JST · Market data may be delayed.
Starts Proceed Investment Corporation with 150 million yen in capital (750 units) based on the Act on Investment Trusts and Investment Corporations. Starts Proceed Investment Corporation completed registration with the Kanto Local Finance Bureau based on Article 187 of the Investment Trusts Act on June 15, 2005 (Registration No. 37 issued by the Director-General of the Kanto Local Finance Bureau), implemented additional issuance of investment units through public offering (21,600 units) on November 29, 2005, and listed on Jasdaq Securities Exchange, Inc. (currently Tokyo Stock Exchange, Inc. JASDAQ Market) (Securities Code: 8979) the next day. After three capital increases through public offering and other developments since listing on the JASDAQ Market, SPI listed on the Tokyo Stock Exchange, Inc. Real Estate Investment Trust Securities Market (Securities Code: 8979) on July 27, 2010, and this was accompanied by an application for delisting being filed with the JASDAQ Market on August 10, 2010, and the delisting from the JASDAQ Market taking effect on October 1, 2010. SPI entrusts asset management to Starts Asset Management Co., Ltd. (the Asset Management Company) and sets the focus of management on investment in real estate of which the principal use is use as rental housing (rental housing) as well as specified assets (the meaning provided in Article 2, Paragraph 1 of the Investment Trusts Act; the same hereinafter) backed mainly by rental housing. SPI also invests in monthly rental apartments, serviced apartments, hotels, residential facilities for the elderly (collectively referred to as rental housing, etc. together with rental housing), which are assets related to rental housing, and real estate from which income can be expected due to other leasing revenue or specified assets backed by such real estate. As it invests in rental housing, etc., SPI adopts the basic policy of setting rental housing for average-income households in particular, the demand for which SPI believes to be the most stable, as the primary investment target. In addition, SPI takes measures, such as leveraging the capabilities of the Starts Group, to enhance asset management efficiency, with an aim to secure steady growth of assets under management and stable earnings over the medium to long term. In the 39th fiscal period, SPI acquired its own investment units in the period from December 17, 2024, to April 22, 2025, from the perspective of improving unitholders value over the medium- to long-term (total number of investment units acquired: 10,062; total acquisition amount: 1,737 million yen). All of the acquired investment units were cancelled on April 30, 2025. As a result, as of the end of the 39th fiscal period, the total number of investment units issued and outstanding is 272,415 units, total assets amount to 101,988 million yen, and unitholders capital (net) amounts to 45,600 million yen. Starts Proceed Investment Corporation was established on May 2, 2005.
Day range
Current ¥185,500
52-week range
Current ¥185,500
Profitability as a percentage of reported revenue.
Revenue
Operating income
Net income
| Metric (JPY) | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | 7.47B JPY | 7.53B JPY | 7.21B JPY | 6.57B JPY | 6.34B JPY |
| Cost of goods sold | 5.28B JPY | 3.11B JPY | 3.1B JPY | 2.81B JPY | 2.76B JPY |
| Gross profit | 2.19B JPY | 4.41B JPY | 4.11B JPY | 3.77B JPY | 3.58B JPY |
| Selling, general, and administrative | — | 732.21M JPY | 684.54M JPY | 592.83M JPY | 594.28M JPY |
| Operating expenses | −1.1B JPY | 996.1M JPY | 289.8M JPY | 833.1M JPY | 846.56M JPY |
| Interest income | 88.16M JPY | 7.62M JPY | 36K JPY | 33K JPY | 32K JPY |
| Interest expense | — | 527.62M JPY | 450.2M JPY | 368.56M JPY | 341.12M JPY |
| Depreciation and amortization | 1.41B JPY | 1.38B JPY | 1.35B JPY | 1.3B JPY | 1.3B JPY |
| Operating income | 3.3B JPY | 3.41B JPY | 3.19B JPY | 2.93B JPY | 2.73B JPY |
| Net income | 2.59B JPY | 2.79B JPY | 2.63B JPY | 2.5B JPY | 2.34B JPY |
Company facts updated Sep 7, 2026.
Reported history and fiscal-year consensus
Reported history and fiscal-year consensus
Cash distributions grouped by calendar year; partial years are marked.
¥10,295
2025 complete year+11.6% since 2021
2026 partial: ¥4,794
¥9,226
2,021
¥10,689
2,022
¥10,331
2,023
¥10,571
2,024
¥10,295
2,025
¥4,794
2,026*
* Partial calendar year in the available dividend history.
| Action | Ex-dividend date | Details | Record date | Payment date |
|---|---|---|---|---|
DividendUpcoming | Oct 30, 2026 | ¥5,450Irregular | Oct 31, 2026 | Oct 30, 2026 |
Dividend | Apr 28, 2026 | ¥4,794Special | Apr 30, 2026 | Jul 15, 2026 |
Dividend | Oct 30, 2025 | ¥4,825Special | Oct 31, 2025 | Jan 16, 2026 |
Dividend | Apr 28, 2025 | ¥5,470Special | Apr 30, 2025 | Jul 15, 2025 |
Dividend | Oct 30, 2024 | ¥5,250Special | Oct 31, 2024 | Jan 22, 2025 |
Dividend | Apr 26, 2024 | ¥5,321Semi-Annual | Apr 30, 2024 | Jul 16, 2024 |
Ex-dividend Oct 30, 2026
¥5,450
Irregular
Record Oct 31, 2026 · Payment Oct 30, 2026
Ex-dividend Apr 28, 2026
¥4,794
Special
Record Apr 30, 2026 · Payment Jul 15, 2026
Ex-dividend Oct 30, 2025
¥4,825
Special
Record Oct 31, 2025 · Payment Jan 16, 2026
Ex-dividend Apr 28, 2025
¥5,470
Special
Record Apr 30, 2025 · Payment Jul 15, 2025
Ex-dividend Oct 30, 2024
¥5,250
Special
Record Oct 31, 2024 · Payment Jan 22, 2025
Ex-dividend Apr 26, 2024
¥5,321
Semi-Annual
Record Apr 30, 2024 · Payment Jul 16, 2024
Funds reporting this stock among their holdings, ordered by reported position size.
Vanguard Total International Stock ETFVXUS3.86M0.00%646.2B USD0.05%$88.41+0.50%
Vanguard FTSE Developed Markets ETFVEA2.44M0.00%315B USD0.03%$73.76+0.44%
Vanguard Global ex-U.S. Real Estate ETFVNQI997.52K0.03%3.9B USD0.12%$45.27+0.18%
Vanguard FTSE All-World ex-US Small-Cap ETFVSS992.89K0.01%13.6B USD0.06%$161.34+0.42%
iShares Global REIT ETFREET715.44K0.01%4.92B USD0.14%$27.40-0.45%
Schwab International Small-Cap Equity ETFSCHC546.48K0.01%5.68B USD0.06%$51.62+0.27%
Dimensional - Global Real Estate ETFDFGR518.99K0.01%3.79B USD0.22%$28.84-0.41%
Vanguard Total World Stock ETFVT405.5K0.00%97.9B USD0.06%$161.73-0.02%Vanguard Total International Stock ETFVXUSVanguard FTSE Developed Markets ETFVEAVanguard Global ex-U.S. Real Estate ETFVNQIVanguard FTSE All-World ex-US Small-Cap ETFVSSiShares Global REIT ETFREETSchwab International Small-Cap Equity ETFSCHCDimensional - Global Real Estate ETFDFGRVanguard Total World Stock ETFVTAI-generated and delayed market data for informational and educational purposes only. Not investment advice.
