Investor Presentaiton
Track Record of Growth since Incorporation
Improved portfolio quality through property replacement taking advantage of the Sponsor's
support and achieved steady increase in distributions.
Number of Properties
Incorporation
257
Aug. 2022 FP
After asset replacement
(Note2)
Ratio of top 10 Properties
26.8%
Acquisition of high-quality properties
mainly developed by the Sponsor
300
292
21.9%
22.1%
Ratio of Greater Tokyo area
79.8%
Average building age
DPU (Note 1)
19.3yrs
¥2,656
Disposition of less competitive properties
due to building age, etc.
83.8%
83.9%
20.3yrs
20.8yrs
¥3,300
(+24.2%)
(26.7 years without SPR) (Note3)
Asset Size (bln)
Total Acquisition Price (\bln)
Total Disposition Price (\bln)
955.9
960.3
932.8
927.3 922.5
783.6 792.6 784.6
1,011.2 1,031.0 1,051.6 1,066.2 1,068.4 1,081.3 1,091.7 1,084.5
220.9 237.4 270.8 279.9
330.9 350.6 371.3 385.9 388.0 405.0
420.1 421.5
Total Acquisition
Price
¥421.5bln
181.9
9.0
33.6
-34.1
34.1
-81.5
-105.0 -105.0 -110.3 -110.3 -110.3 -110.3 -110.4 -110.4 -114.3
-119.7 -130.2
Total Disposition
Price
¥130.2 bln
Incorporation
(Oct-15)
Feb-16 Aug-16| Feb-17 Aug-17
Feb-18 Aug-18 Feb-19| Aug-19 Feb-20
Aug-20 Feb-21 Aug-21 Feb-22
Aug-22
After asset
replacement
(Note 1) Distributions for February 2016 FP are calculated on a six-month basis for 152 operating days. (Note2) As of March 15th, 2023.
(Note3) It is an average building age without taking into account the effect of property acquisition and disposition from the original portfolio at incorporation until March 15th, 2023.
49
49View entire presentation