Investor Presentaiton
1-8. Portfolio Strategies
Creation of Capital gain (Realization of Unrealized gain)
A.Rental Properties
(Tangible and Intangible
fixed assets)
B.Real Property for Sale
(For property sales to investors)
Mitsui Fudosan Group
Management Strategy
【Change in gains on sales) (A+B)
(Billions of yen)
97.9
94.8
■Gains on Sales of Fixed Asset
90.0
Operating Income on Property Sales to Investors
80.0
70.0
63.3
60.0
54.1
Under Developing
19%
Book value at the end of
Overseas
March 2021
9% ¥3.029 trillion* 1
Periodic
portfolio review
50.0
Under Developing
40.0
34.6
25%
Realization of
30.0
18.7 20.5
←
Book value at the end of
March 2021
20.0
¥1.258 trillion*
*2
unrealized gain
through sales
6.4
10.6 8.3
5.4
10.0
0.0
Overseas
3/'11 3/'12 3/'13 3/'14 3/'15 3/'16 3/'17 3/'18 3/'19 3/'20 3/'21
16%
Domestic
72%
Domestic
59%
【Examples of major assets sold in the past ]
Timing Use Transfer
Yield*3
Project Name
office Fix Sale 70 Mark Lane (UK)
logistics
6 logistics facility buildings
4.2% 4.9%
office
G-BASE Tamachi
3.2%
3/'19
Operating Asset
Operating Asset
retail
IKEBUKURO GLOBE
3.8%
retail
SAKAE GLOBE
3.6%
Expected NOI yield
8.0%
Expected NOI yield
6.4%
retail
Shinsaibashi MG Building
3.3%
Domestic
Overseas
7.7%
10.0%
Domestic
6.7%
office
Osaki Bright Core Brighe Plaza
3.2%
3/20 logistics
Overseas
5.6%
retail
3 logistics facility buildings
TENJIN216
4.3%~4.9%
3.6%
office
SHINBASHI M-SQUARE Bright
2.9%
office
3/'21
office
Osaki Bright Tower
2 Nagoya Mitsui Buildings
3.2%
*1
Asset breakdown
Domestic
Overseas
Office Retail Other
Under
Developing
Total
53% 15% 5%
9%
19% 100%
*2 Asset breakdown
Domestic
Office Retail Logistics
27% 13% 9%
Overseas
Rental
Housing
Other
Under
Developing
Total
9%
logistics
3 logistics facility buildings
office
Fix Sale GRAN TOKYO SOUTH TOWER
3.7%~4.2%
4.0%~4.8%
2.8%
Notes
: sales of fixed asset
: sales of property for sale
1% 16% 25% 100%
* 3 Describes the direct reduction yield based on the appraisal value of the property,
disclosed at the seller.
MITSUI FUDOSAN CO.,LTD
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