Mitsui Fudosan Business Presentation
Appendix 4
Property Sales Business Market Trends (Property Sales to Investors)
Acquisition of Assets by J-REITs & Tokyo Stock Exchange J-REIT Index
(Billions of yen)
799.9
800
Acquisition of assets by J-REIT (Left)
TSE REIT Index (excl. dividends) (Right)
700
600
500
Jan.-Dec. 2011
ā 715bn
Jan.-Dec.2012
ā790bn
400
300
200
82.6
100 52.1
228.9
140.4
101.7
73.3
80.3
288.9
:229.4
203.3 201.3
205.9
174.0
118.9
3.5
2009 2009 2009 2009 2010 2010 2010
1Q 2Q 3Q 4Q 1Q 2Q 3Q
1,800
1,600
1,400
1,200
545.5
Jan. Sep.2013.....
1,000
1.59T
250.5 800
600
400
200
2010 2011
4Q 1Q
2011 2011 2011 2012 2012 2012 2012 2013
2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q
2013
2Q
Source: The Association for Real Estate Securitization
Cap Rates Trend (Results of the Real Estate Investor Survey, A Class Buildings in Tokyo's Marunouchi and Otemachi Districts)
5.0%)
4.3
4.2
4.2
4.2
4.2
4.2
4.2
4.2
4.2
4.0
4.0
3.8
3.8
4.0
3.5
3.5
3.5
3.5
3.0
2.0
4/2005 10/2005 4/2006 10/2006
4/2007 10/2007 4/2008 10/2008 4/2009
10/2009
4/2010 10/2010
10/2012 4/2013
Source: Results of Real Estate Investor Survey, Japan Real Estate Institute
4/2011 10/2011 4/2012
47View entire presentation