Investor Presentaiton
February 2017 Financial Results
DPU 4,800 yen
+100 yen vs forecast due to high occupancy at residential properties,
acquisition of one retail property (land), etc.
Increase in assets upon the merger as of Sep. 1
Daiwa House REIT Investment Corporation
NOI yield
Asset class
NOI
(mil yen)
Acquisition price
NOI yield
(mil yen)
Logistics
4,850
195,858
5.0%
Asset class Number of properties Acquisition price
Goodwill
Residential
6,888
257,954
5.4%
Logistics
Residential
32 properties
9 properties
Total
41 properties
192,498 mil yen
42,480 mil yen
234,978 mil yen
79,289 mil yen
Retail
1,361
50,330
5.5%
Other
298
9,630
6.3%
Portfolio
13,398
513,772
5.3%
Property Acquisitions
Property name
Period end occupancy
Asset class
Acquisition
price
Appraisal Acquisition
NOI yield
Asset class
Aug. 2016
Feb. 2017
Change
date
(mil yen)
Logistics
100.0 %
100.0 %
Naha Shin-Toshin Center
Other (office,
Building (Daiwa Roynet Hotel
Naha-Omoromachi)
7,600
5.9%
Residential
96.0%
97.0%
+1.0 p.p.
hotel and retail)
Retail
99.6%
99.4 %
-0.2 p.p.
D Project Hibiki Nada
D Project Morioka II
Logistics
2,080
6.3%
Other
100.0 %
99.5%
-0.5 p.p.
Logistics
1,280
6.3%
Sep. 28,
2016
Castalia Ningyocho III
Residential
2,000
5.0%
Portfolio
98.7%
99.0%
+0.3 p.p.
Royal Parks Umejima
Sports Depo and GOLF
Kokurahigachi IC Store
Hiratsuka Retail Property
(Land)
Residential
2,020
6.9%
Retail
2,230
6.9%
Capex, repairs and maintenance and restoration costs
Capex and planned repairs and maintenance in place on a long-term view
Retail
5,620
4.2%
Jan. 31,
2017
Total
22,830
5.6%
Aug. 2016
Feb. 2017
Former DHI + Former DHR
Property Sale
Property name
Asset
class
Sale price
(mil yen)
Appraisal
value
(mil yen)
Capex
Repairs and
maintenance expenses
717 mil yen
843 mil yen
345 mil yen
569 mil yen
Loss on sale
(mil yen)
Sale date
Restoration costs
298 mil yen
293 mil yen
Castalia
Minamigyotoku II
Feb 23,
Total
1,360 mil yen
1,706 mil yen
Residential
370
338
4
2017View entire presentation