Investor Presentaiton
3-2. 7th Fiscal Period (Ended January 2020) P/L
Mitsui Fudosan
MFLP Logistics Park Inc.
6th period
Actual
(Unit: million yen)
(a)
7th period
Forecast
(Mar. 15, 2019)
7th period
Actual
(b)
Difference
(b)-(a)
Main breakdown of difference
Operating revenue
4,969
5,077
5,064
94
Operating revenue
Increase due to full-period operation of properties
+154
Operating expenses
2,650
2,779
2,748
98
acquired in the 6th FP
(MFLP Hino (10%), Tsukuba (40%), Inazawa, Atsugi II, Fukuoka I, MFIP
Inzai (80%))
Of which, Depreciation
1,314
1,327
1,326
12
(those related to properties only)
Decrease in rent income due to tenant move-out at
"GLP/MFLP Ichikawa Shiohama"
- 38
Operating income
2,318
2,298
2,315
- 3
Decrease in photovoltaic power generation facilities
rent revenue (excluding properties acquired in the 6th FP)
Increase in other operating revenue
- 34
+12
Non-operating income
3
26
23
23
Operating expenses
Increase due to full-period operation of properties
+49
Non-operating expenses
118
82
103
-15
acquired in the 6th FP
(MFLP Hino (10%), Tsukuba (40%), Inazawa, Atsugi II, Fukuoka I, MFIP
Inzai (80%))
Ordinary income
2,203
2,215
2,238
35
Increase in asset management fee
+42
Increase in other operating expenses
+5
Profit (Net income)
2,202
2,214
2,237
35
Non-operating income
Increase in insurance income
+22
Distribution per unit (DPU) (yen)
6,496
6,541
6,584
88
Non-operating expenses
Of which,
5,811
5,843
5,905
94
Distribution of earnings per unit (EPU) (yen)
Absence of offering costs associated with issuance
of investment units
- 32
Of which,
Increase in disaster restoration expenses
+17
Distribution in excess of earnings per unit
(yen)
685
698
679
-6
Distribution in excess of earnings
19.7%
19.9%
19.4%
<Reference>
Formula for distribution per unit based on FFO
*
expressed as a percentage of depreciation
Average occupancy rate during the period*1
100%
100%
99.4%
* For further details, please refer to "Method of calculation of cash distribution based on FFO" on p. 44.
*1 The simple average of the occupancy rates as of the end of each month in each fiscal period is indicated.
FFO
Source of funds for
distribution
==
Profit
(Net income)
1 FFO
+
Depreciation, etc.
1
70%
...②
Distribution
=
per unit
2 Source of funds for
distribution
÷
Number of
investment units
issued and
outstanding
11View entire presentation