MFLP Mitsui Fudosan Financial Strategy and Property Overview
2-3 Four Roadmaps to Enable Continued Stable Growth 1/2
Expansion of Asset Size
Mitsui Fudosan
MFLP Logistics Park Inc.
Robust sponsor pipeline
(Properties defined in "Right of first look and
preferential negotiation rights agreement"*)
11 properties
1.1 million m
3 key focus points
for the portfolio:
Location
Quality
Balance
Acquire properties in prime areas;
strong focus on
portfolio quality and stability
Medium-term
asset size target
500 billion yen
3rd follow-on
offering
January 2020
18 properties
4th follow-on
offering
September 2020
Acquisition with
borrowed funds, etc.
March 2021
20 properties
21 properties
205.0
Billion yen
282.4
billion yen
297.6
billion yen
End of 8th
Fiscal Period
(July 31, 2020)
End of 9th
Fiscal Period
(January 31, 2021)
End of 10th FP
(forecast)
(July 31, 2021)
LTV* Management
Financial strategy with
emphasis on stability
Average borrowing rate: 0.31%
(as of end-9th FP)
Credit rating: AA- (outlook positive)
Leverage effect generates
growth capacity
from low LTV level
(Forecast as of end-10th FP)
Leverage acquisition capacity*
(Forecast as of end-10th FP)
of 96 billion yen:
Continuous growth
Medium-to long-term
adjusted LTV level
40 - 50%
33.8%
LTV*
Acquisition
capacity*
33.8%
33.2%
31.0%
End of 9th
Fiscal Period
(January 31, 2021)
109.0 billion yen
End of 10th FP
(forecast)
(July 31, 2021)
96.0 billion yen
End of 11th FP
(forecast)
(January 31, 2022)
98.0 billion yen
* For further details, please see [Four Roadmaps to Enable Continued Stable Growth] [Properties defined in "Right of first look and preferential negotiation rights agreement"] in the Notes on Matters Stated in this Document on p. 53-54.
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