Investor Presentaiton
Historical Portfolio Data
Daiwa House REIT Investment Corporation
Feb. 2017
Aug. 2017
Feb. 2018
Aug. 2018
(A)
Feb. 2019
(B)
Change
(B-A)
Number of properties
189 properties
199 properties
199 properties
213 properties
216 properties
3 properties
Total acquisition price
513,772 mil yen
577,777 mil yen
577,777 mil yen
671,753 mil yen
683,443 mil yen
11,690 mil yen
Ratio of logistics properties
38.1 %
45.0%
45.0%
50.1%
49.7%
-0.4 p.p.
Ratio of residential properties
50.2%
43.3%
43.3%
36.8%
36.1%
-0.7 p.p.
Ratio of retail properties
9.8%
9.6%
9.6%
10.6%
11.6%
1.0 p.p.
Ratio of hotel properties
Ratio of other assets
0.7%
0.9%
0.2 p.p.
1.9%
2.0%
2.0%
1.7%
1.7%
Number of properties acquired
7 properties
17 properties
16 properties
(Note 1)
4 properties
Acquisition price
22,830 mil yen
73,311 mil yen
96,980 mil yen
12,710 mil yen
-12 properties
-84,270 mil yen
Number of properties sold
Sale price
Unrealized gain (loss)
1 property
370 mil yen
47,179 mil yen
7 properties
10,193 mil yen
Leasable area
1,605,625.31 m²
59,410 mil yen
1,934,669.61 m²
63,322 mil yen
1,934,679.13 m²
1 property
2,800 mil yen
78,885 mil yen
2,427,976.21 m²
1 property
1,200 mil yen
93,224 mil yen
2,516,960.54 m²
- properties
-1,600 mil yen
14,339 mil yen
88,984.33 m²
Occupancy rate
99.0%
99.2%
99.3%
99.5%
99.5%
Real estate rental revenue
17,531 mil yen
19,479 mil yen
19,700 mil yen
22,211 mil yen
23,013 mil yen
801 mil yen
Real estate rental expenses
7,493 mil yen
7,906 mil yen
7,947 mil yen
8,944 mil yen
9,184 mil yen
240 mil yen
Real estate rental income
10,037 mil yen
11,573 mil yen
11,753 mil yen
13,267 mil yen
13,828 mil yen
561 mil yen
Depreciation
3,361 mil yen
3,713 mil yen
3,750 mil yen
4,296 mil yen
4,454 mil yen
158 mil yen
NOI (Note 2)
13,398 mil yen
15,286 mil yen
15,503 mil yen
17,563 mil yen
18,283 mil yen
719 mil yen
NOI yield (Note 3)
5.3%
5.4%
5.4%
5.4%
5.4%
(Note 1) Including additional acquisition of D Project Inuyama
(Note 2) NOI: Real estate rental business revenue - real estate rental business expenses + depreciation
(Note 3) NOI yield is annualized and excluding the properties sold during the period.
34View entire presentation