A study on the factors which constitute the J-REIT investment unit price

Abstract

This paper analyzes factors which affect the J-REIT investment unit price. Multivariate analyses such as multiple regression analysis, principal component analysis and cluster analysis were conducted. Reviewing past researches, there are few papers made on this. There is a big volatility in investment unit prices of J-REIT, therefore prediction about them becomes difficult.Systematic analysis methods were adopted to the investment unit prices of all J-REIT. The results were interesting and instructive and the examined method may be utilized for making investment decisions of J-REIT in a simple manner.