Update Schedule and Data Sources

Update Schedule Outline

Basically, AJPI and AJFI are calculated from the latest data available on the reference month, and monthly updated by the end of the next month. Specifically, the index figures are updated by uploading the latest AJPI and AJFI Databook respectively on this website. Therefore, index users can download the up-to-date Databook as always.

Index figures of AJPI and AJFI are composed of the preliminary estimate figures ("Preliminary figures") and final figures ("Final figures"). Preliminary figures start to be released as the one before three months of the released month, while they are calculated from a part of fund’s data. Final figures are calculated from complete data of all funds, so they are finalized before approximately nine months of the released month.

Monthly figures between Preliminary figures and Final figures are also released, they have a characteristics that index figures become more and more reliable from Preliminary to Final by going on data input.

Data sources

AJPI and AJFI are calculated based on the performance data of unlisted private fund and listed REITs.

Unlisted private fund

Performance data, consisting of accounting data based on property and fund performance, are provided from AJPI Support Member by three months after closing date of each fund. Their funds have different closing month respectively, so performance data of the fund, which has come to closing date, are sequentially entered.

J-REIT data (listed data)

The precedence designation of J-REIT data input is as follows;

  1. Earnings reports (kessan tanshin)
  2. Results Briefing Presentation Material
  3. Asset Management Report
  4. Securities Report