Investor Presentaiton
19 Historical Summary of Results and Financial Position
NBF
Mapen Building Fund
35,671
34,719
951
12,808
Note 1: Figures in parentheses are annualized from monthly data.
Note 2: NOI from prop
Note 2: NOI from property leasing activities does not include such
Note 2 items as gain or loss on sale of investment properties. SUCH
Note 3: FFO Net income + Depreciation and amortization
Note 3 Gain or loss on sale of investment properties Lization-
Note 4: AFFO=FFO Capital expenditures Opertise
Note 5: FFO per unit = FFO/Weighted average number of units
Note 5: FFO per
12,808 Hole issued and outstanding during the periodumber of units
Note 6: NAV per unit = (Unitholders' capital at period end + Reserve for
Mole advanced depreciation in the next period (reserve - reversal) +or
Unrealized gain or loss on appraisal value at period end) ++
Units issued and outstanding at period end at period and) +
Note 7: DSCR = (Operating income - Gain or loss on sale of
Nowa 7 investment properties + Depreciation and sale of
amortization)/Interest expense clation and
amortizaden Winterest expense
1H/2014
26th Period
2H/2014
1H/2015
2H/2015
27th Period
28th Period
29th Period
1H/2016
30th Period
Operating revenues
(million y en)
36,561
34,806
34,593
34,640
Leasing revenues
(million y en)
34,659
34,806
34,593
34,640
Profits from dispositions
(million y en)
1,902
NOI from leasing activities²
Income before income taxes
(million y en)
22,482
22,219
22,167
22,014
22,638
(million y en)
12,772
10,847
10,996
10,978
Net income
(million y en)
12,771
10,846
10,995
10,977
FFO³
(million y en)
17,945
18,009
18,140
18,087
AFFO4
(million y en)
16,299
15,680
15,484
15,248
18,930
16,698
Depreciation and amortization
(million y en)
7,077
7,163
7,145
7,110
7,074
Profits/loss from dispositions
(million y en)
Capital expenditures
(million yen)
1,646
2,329
2,655
2,839
2,232
Total assets
(million y en)
1,040,572
1,022,951
1,022,385
1,012,708
1,029,045
Interest-bearing debt
(million y en)
448,500
428,125
428,750
Net assets
(million yen)
534,820
534,156
534,306
418,375
534,287
433,000
535,749
Payment of dividends
(million y en)
11,510
10,845
10,995
11,346
11,856
Units issued and outstanding (period end)
(Units)
Net assets per unit
(JPY)
1,412,000
378,768
1,412,000
1,412,000
1,412,000
1,412,000
Distributuions per unit
(JPY)
8,152
FFO per unit5
(JPY)
12,818
378,297
7,681
12,754
378,403
7,787
12,847
378,390
8,036
379,425
8,397
NAV per unit
(JPY)
421,123
430,707
444,359
12,809
460,478
13,407
484,767
ROA¹
(%)
1.24 (2.48)
1.05 (2.10)
1.08 (2.15)
1.08 (2.16)
1.25 (2.51)
ROE¹
(%)
2.42 (4.85)
2.03 (4.06)
2.06 (4.12)
2.05 (4.11)
2.39 (4.79)
LTV (ratio of interest-bearing debt to total assets)
(%)
43.1
41.9
41.9
41.3
42.1
DSCR7
(Times)
7.1
7.6
8.2
8.4
9.8
Payout ratio
(%)
90.1
99.9
99.9
103.3
92.5
Operating days in the period
(Days)
181
184
181
184
182
Investment properties (period end)
(Properties)
73
73
74
74
73
Number of tenants (period end)
(Properties)
1,546
1,568
1,579
1,595
1,583
Total rentable area (period end)
(m)
1,074,857
Average occupancy rate during the period
(%)
97.0
1,074,771
97.6
1,079,185
97.9
1,079,164
96.8
1,083,893
97.9
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