Investor Presentaiton
JPR
History of Portfolio Growth
JPR has been steadily expanding its assets over ten years since listing, while working to enhance portfolio quality through
focused investment in office properties in the greater Tokyo area
History of Average Occupancy Rate during Period and Growth of Portfolio Size
(%)
96.1
97.7 98.3 99.0
98.7
98.0
100
95.2
97.0
96.2 96.4
96.1
94.0
94.3
94.9
94.0
95.0
94.8
93.8
95
5
92.6
93.1
93.6
H
90
Average figure of period-average occupancy rate from the
1st to 21st fiscal periods: 95.7%
85
(JPY bn)
391.9
380.9
400
Office (Tokyo)
Office (other cities)
Retail properties
Total properties sold
331.2
341.5 341.5 344.9
350
310.6
299.4
300
275.1 280.6
245.3 251.9
259.2
250
222.4
259.2
197.6 202.6 209.2
179.6
135.7 141.6
172.9
184.1
209.5 219.8
219.8 223.2
200
163.6
108.2 114.7
139.6
100.1
150
125.7
99.2 100.1 100.1
91.2
92.1
94.5
77.4
57.5
43.1
43.1
43.1
39.4
31.1
31.1
26.5
26.5
26.5 26.5
26.5
37.5
100
52.7
45.2
45.2
40.1
41.5
48.3 45.2
50
39.7
43.9
47.9 47.9
77.0
93.9
93.9
96.1
99.5
95.3
95.3
95.2
95.2 95.2
95.2
95.2
95.2
38.8
39.7
33.2
38.2
38.2
0
13.2
132
-0.4
-0.4
40.4
-0.4
50.0
57.2
-6.2
-9.3
63.8
-9.3
-9.3
-14.4 -14.4 -14.4 -18.1 -30.6
-30.6
-35.4 -35.4
-35.4 -35.4 -35.4
-35.4
-50
1st Period 2nd Period 3rd Period
Jun. 2002 Dec. 2002 Jun. 2003
4th Period 5th Period
Dec. 2003 Jun. 2004.
6th Period
7th Period
8th Period 9th Period
Dec. 2004
Jun. 2005
Dec. 2005 Jun. 2006
10th Period 11th Period 12th Period 13th Period 14th Period 15th Period 16th Period 17th Period 18th Period 19th Period 20th Period 21st Period
Dec. 2006 Jun. 2007 Dec. 2007 Jun. 2008 Dec. 2008 Jun. 2009 Dec. 2009 Jun. 2010 Dec. 2010 Jun. 2011 Dec. 2011 Jun. 2012
Aug. 17,
2012
Number of properties
(buildings))
25
27
30
32
38
42
42
42
44
46
48
49
50
52
51
53
55
56
56
57
58
59
Average acquisition
price per property
3.6
3.5
4.1
4.3
4.3
4.2
4.7
4.8
4.7
4.8
5.1
5.1
5.5
5.3
5.8
5.8
6.0
6.1
6.1
6.0
6.5
6.6
(billion yen)
(Note 1) Average occupancy rates have been rounded to the first decimal place.
(Note 2) Portfolio size represents the sum total amount of acquisition price of the properties included in the JPR portfolio as of respective dates, rounded down to the nearest hundred million yen. In addition, portfolio size after having acquired a property to be acquired represents the sum total amount of acquisition prices of the properties
JPR owns as of August 17, 2012. Furthermore, the acquisition price is the deal price (rounded down to the nearest hundred million yen) described in the transaction contracts with the sellers for respective properties, and does not include expenses related to acquisitions and consumption taxes. The same is true to below.
(Note 3) The accumulated amount of total properties sold represents the accumulated amount of acquisition prices at which JPR had acquired the respective properties that were sold by the respective dates.)
(Note 4) Average acquisition price per property is rounded down to the nearest hundred million yen.
Portfolio Management Guidelines
As of End of 1st Period (June 2002)
As of August 17, 2012
Other cities
17.7%
Retail
(other cities)
8.1%
Investment ratio of office properties
Investment Target by
Area
Tokyo: 80-90%
Other cities: 20~10%
Other cities
42.1%
Office
(other cities)
Office
(Tokyo CBDs)
29.2%
42.1%
Investment Target by
Office: 70-90%
Office
Asset Class
Retail: 30-10%
(Greater Tokyo)
14.3%
Retail (Tokyo)
14.4%
(Note) Figures in the graphs to the right represent investment ratio by area and by asset class, or the ratio of the total
acquisition prices of properties in respective categories to the total acquisition prices of the entire portfolio, and is
rounded to the first decimal place.
in the greater Tokyo area rising as a
result of focused investment
Office properties in the greater
Greater
Tokyo area: +22.6%
Tokyo area
57.9%
(of which, office: 43.5%)
Japan Prime Realty Investment Corporation
Office
(other cities)
9.6%
Retail (Tokyo)
16.2%
Office
(Tokyo CBDs)
46.4%
Office (Greater
Tokyo)
19.7%
Greater
Tokyo area
82.3%
(Of which, office: 66.1%)
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