MFLP Mitsui Fudosan Logistics Park Inc. Development / Operation Track Record
2 -5. DPU Growth
Continue to achieve high DPU growth through external growth
Expansion of Asset Size
MFLP Mitsui Fudosan
Logistics Park Inc.
Aim for continuous external growth, focused on high-quality properties covered by
"Right of first look and preferential negotiation rights agreement"
No. of properties
and
asset size(bn yen)
LTV
LTV-based
capacity for
acquisitions
(bn yen)
(LTV at 50%)
MFLP Hino
MFLP Inazawa
MFLP Sakai
MFLP Komaki
2 other properties MFLP Tsukuba
5 other properties
Debt
1st PO
Debt
2nd PO
2 other properties
3rd PO
MFLP Ibaraki
MFLP Kawaguchi |
MFIP Inzai II
4th PO
Debt
MFLP Yachiyo Katsutadai
2 other properties
5th PO
MFLP Osaka
Katano
MFLP Tomei Ayase MFLP Hiratsuka III
1 other property 2 other properties
6th PO
Fund procurement
9
75.5
9
75.5
L
New investment units and LTV management optimal for size of acquired assets
30
25
27
372.4
389.8
24
342.2
358.7
29.1%
20
282.4
21
297.6
18
205.0
16
156.7
12
98.3
13
103.5
10
78.7
39.4%
38.6%
36.6%
80
80
36.5%
35.9%
97
91
33.6%
95
33.1%
9,151
31.0%
97
8,804
8,781
30.2%
100
109
27.3%
82
8,353
8,401
26.8%
67
71
49
7,816
7,895
L
23.9%
52
24.5%
22.5%
21.6%
42
44
45
7,283
(7,349)
6,977
(7,231)
(7,301)
(7,071)
(7,117)
6,584
6,496
(6,842)
(6,902)
DPU (yen)
( ) EPU (yen)
(6,604)
6,105
5,832
(6,200)
5,563
(5,783)
(5,811)
(5,905)
5,346
5,198
(5,497)
(5,288)
(5,142)
(4,955)
FP ended
Jan. 2017
(1st FP)
FP ended
Jan. 2018
(3rd FP)
FP ended
Jan. 2019
(5th FP)
FP ended
Jan. 2020
(7th FP)
FP ended
Jan. 2021
(9th FP)
FP ended
FP ended
FP ended
Jan. 2022
Jan. 2023
(11th FP)
(13th FP)
Jul. 2023
(14th FP)
FP ending
Jan. 2024
FP ending
Jul. 2024
(15th FP)
Forecast
(16th FP)
Forecast
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