KDXR has revised its operation guidelines. Formal decisions include establishment\/change of PM outsourcing fees, establishment of switching fees for fixed-term lease contracts, transition to NOI-linked compensation, and an increase in base fees for logistics facilities. The effective date is November 1, 2026.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"price_fetched_at":"","company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"8972","jir_company_name":"KDX Realty Investment Corporation","jir_importance":"\u2605\u2605\u2605\u2606\u2606","jir_publication_date":"2026-10-29","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/10\/8972-20261029-01.pdf","jir_short_summary":"KDXR has revised its operation guidelines. Formal decisions include establishment\/change of PM outsourcing fees, establishment of switching fees for fixed-term lease contracts, transition to NOI-linked compensation, and an increase in base fees for logistics facilities. The effective date is November 1, 2026.","jir_summary":"### Governance and Overview of Changes\nThis guideline revision aims to centralize the operation and management of mid-sized offices, commercial and logistics facilities held by KDXR, and is implemented to standardize and increase transparency of PM outsourcing fee levels. Newly introduced switching fees for fixed-term lease contracts, transition to an NOI-linked remuneration structure, and a flexible fee structure that applies regardless of subcontracting are being introduced.\n\n### Impact, Scope of Application and Outlook\nThe guideline changes will apply from November 1, 2026, and cover newly acquired properties and conversions at the time of future contract renewals. Existing properties are not subject to application. Compensation for multi-tenant commercial facilities will be primarily NOI-linked, revising the previous structure that depended on actual sub-PM outsourcing costs, and promoting efficiency in PM contract acceptance systems. Base fees for logistics facilities are also increased on an annual basis in anticipation of an increase in large-scale properties.","jir_financial_highlights":"Establishment of switching fee for conversion to fixed-term lease or fixed-term land lease contracts: Unknown (Unknown)\nAmount equivalent to one month's rent after switching: Unknown (Unknown)\nBase fee for commercial facilities (multi-tenant type): After revision: Patrol type (operating income - operating expenses) \u00d7 4.0%, Resident type \u2460 (same) \u00d7 8.0%, Resident type \u2461 (same) \u00d7 8.5%, Others: NOI-linked compensation + sub-PM outsourcing costs (Change from current)\nBase fee for logistics facilities (annual): After revision 3.6 million yen (monthly 300,000 yen) \/ Current 3 million yen (monthly 250,000 yen) (Increase)","jir_category":"","jir_hashtags":"#KDXRealtyInvestmentCorporation, #DisclosureUpdate","jir_key_figures":"Base fee for logistics facilities (annual): After revision 3.6 million yen (monthly 300,000 yen), Current 3 million yen (monthly 250,000 yen)\nBase fee for commercial facilities: Ratio of NOI-linked compensation after revision and multipliers by resident-type classification\nSwitching fee for conversion to fixed-term lease\/fixed-term land lease contracts: Newly established, amount equivalent to one month's rent after switching","jir_meta_title":"KDX Realty Investment Corporation Announces Operation Guideline Changes | Effective November 1, 2026","jir_meta_description":"KDX Realty Investment Corporation has revised the listed REIT headquarters operation guidelines of its asset management company. Details include PM fee revisions, introduction of switching fees for fixed-term lease contracts, and transition to NOI-linked compensation to improve operational management efficiency.","jir_og_title":"KDX Realty Investment Corporation Operation Guideline Change Notice","jir_og_description":"KDX Realty Investment Corporation announced changes to its operation guidelines including review of PM fees and conversion to fixed-term lease contracts. Effective November 1, 2026; existing properties are excluded.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":7708,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"disclosure_update","footnotes":""},"sector":[],"importance":[],"class_list":["post-136676","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n