Ichigo Office REIT Posts Slight Occupancy Dip but Lifts Rents with Value-Add Leasing

Ichigo Office REIT Investment Corporation ( (JP:8975) ) has provided an update.

Ichigo Office REIT reported a slight month-on-month dip in overall portfolio occupancy to 97.1% in December 2025, driven mainly by tenant departures in central Tokyo office assets, while occupancy in the four major regional cities improved on the back of new leases. The portfolio expanded with the acquisition of the Ichigo Tachikawa Koen Dori Building, increasing the number of assets, tenants, and leasable area, and the REIT continues efforts to quickly lease vacant space. Demonstrating its value-add strategy, Ichigo Office completed a Ready to Move In renovation on the second floor of the Ichigo Nanpeidai Building in Shibuya, securing a new tenant at a 58.3% higher rent with minimal downtime, underscoring the REIT’s focus on enhancing asset competitiveness and shareholder value through targeted capex and tenant-centric upgrades.

The most recent analyst rating on (JP:8975) stock is a Buy with a Yen108594.00 price target. To see the full list of analyst forecasts on Ichigo Office REIT Investment Corporation stock, see the JP:8975 Stock Forecast page.

More about Ichigo Office REIT Investment Corporation

Ichigo Office REIT Investment Corporation is a Japanese real estate investment trust focused on office properties, primarily in central Tokyo, the broader Tokyo metropolitan area, and major regional cities such as Osaka, Nagoya, Fukuoka, and Sapporo. Managed by Ichigo Investment Advisors, the REIT invests in and actively manages office and related assets, using value-add capital expenditure to enhance tenant satisfaction, improve occupancy, and support stable, long-term earnings for investors.

Average Trading Volume: 3,098

Technical Sentiment Signal: Buy

Current Market Cap: Yen148.3B

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