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AJPPI(ARES J-REIT Property Price Index) Use of the ARES J-REIT Property Database
Explanation of Overview of Published Indices
The following figure, which shows AJPPI (based on capital return), is a price index calculated based on the return on real estate owned by J-REIT (stands for Real Estate Investment Trust). An index value of 100 equals the May 2004 level of average trend in real estate prices in Japan. The calculation method of return on real estate used to calculate AJPPI follows the calculation method of NCREIF Property Index, which is an index used widely in the U.S. Please visit http://www.ncreif.com/ to see the NCREIF Property Index of the U.S.
　AJPPI (based on capital return)
AJPPI (based on capital return) is an index which represents the price trend of Japanese real estate.
  　All properties 　Office 　Residential 　Commercial
　Index value of May 2004 (base month) = 100  
AJPPI (based on capital return)
 
Please click here to see the contents and calculation method of AJPPI.
The website shows only the figures of AJPPI (based on capital return). AJPPI (based on capital return)
and AJPPI (based on total return) data can be downloaded from the link below.
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