Our company might be going to support setting SBT for J-REIT and I would like you to tell me the reporting boundary.
The business structure of J-REITs is unique in the followings.
- ALL J-REITs are managed by asset management (AM) companies
- Most AM companies manage multiple REITs, funds
- AM companies have shareholder company and they establish group.
-However, AM companies are virtually independent from shareholder company. They are not controlled financially
detail > http://en.japan-reit.com/about_J-REIT/
What I would like to know is followings.
1 Whether J-REIT can set SBT at REIT-level
2 Whether J-REIT should set SBT at AM company-level. If so, whether AM company must include all REITs and funds they manage in the reporting boundary
3 Whether J-REIT must set SBT at shareholder company-level(group-level)
If there is not enough information to judge, please let me know.