Investor Presentaiton
High ability of generating cash-on-hand
Realizing growth with abundant cash-on-hand generated by high depreciation rate among J-REIT
Depreciation expenses that is the source of cash-on-hand
Percentage of depreciation expense ratio
to property book value (Note)
AEON REIT
J-REIT A
J-REIT B
J-REIT C
1.7%
1.7%
1.7%
2.6%
No.1
In J-REIT
Transition of depreciation expenses
(bn yen)
5.5
5.4
5.2
5.1
5.2
5.1
4.5
4.6
4.6
4.6
Source: Created by the Asset Management Company based on disclosure materials of listed J-REITS as of the end of July 2023.
Examples of utilization of cash-on-hand
Jan. 2020
(14th FP)
Jul. 2020
Jan. 2021
(16th FP)
(15th FP)
2019
2020
Utilized
amount
¥5.5 bn
¥5.3 bn
Usage
Property acquisition
through public offering
Property acquisition
using cash-on-hand
Property
name
AEON MALL Fukutsu AEON MALL Tamadaira woods
ÆON REIT Investment Corporation
Jul. 2021
(17th FP)
Jan. 2022
(18th FP)
Jul.2022
(19th FP)
Jan. 2023
(20th FP)
Jul. 2023
(21st FP)
Jan. 2024
(22nd FP)
Forecast
Jul. 2024
(23rd FP)
Forecast
2021
¥6.0 bn
Property acquisition
through public offering
2022
¥0.5 bn
Revitalization work for
improving competitiveness
2023
¥1.5bn
Property acquisition
through public offering
AEON MALL Takasaki
AEON Ueda Shopping
Center
N MALL
AEON MALL
Shinkomatsu
NON MALL
AEON MALL Kurashiki
AEON MALL Wakayama
CON
AEON MALL Narita
AEON MALL
Sagayamato
AEON MALL Shimotsuma
AEON MALL Miyakonojo Ekimae 36View entire presentation