Hi Snowfree, thanks for posting the information on state of...

Hi Snowfree, thanks for posting the information on state of Japanese real estate markets. I note that the last published data was for 6 months to April and I think you quoted from this report previously. It seem that the declines are much smaller or steady and some regions experienced increases.

I recall reading other stories and comments that Japanese real estate is starting to look as a good value to overseas REITs and some were considering purchases.

So hopefully the worse is over and better times ahead.

As you said, AJA has a hedge in place at 68 Yen to a dollar for February distribution. From memory the sum hedged was very similar to the last and that indicates to me that AJA was planning similar distribution (3.5c) next time around.

Beyond that, it is anybody guess, but current rates of about 75 yen to a dollar are not that far off and hopefully AJA is looking at hedging the current rates. I expect Aussie to climb a bit higher over next few months, pretty much where it was 2 or 3 months ago, 90c or a bit higher. That is if we continue having the booming exports and monthly trade surpluses.

We should get the results in 5 or 6 weeks and lack of news from company I interpret as no news is a good news.

Good luck with your buying, I am already overweight in AJA but the prices look tempting. I am currently looking at another company, in renewable energy, and plan to increase my holding there. Market is still very low and bargains everywhere.