Investor Presentaiton
Framework for Maximizing Unitholder Value
Transparent Decision-Making Process
Dropped or instructions
given to modify content
Returned
Disapproved
Drafting of
proposal by the
responsible
department
Deliberation and
Approval by the
Compliance Officer
resolution by the
Deliberation and
resolution by the
Investment
Committee*
Compliance
Committee*
Dropped or instructions
given to modify content
STOP
STOP
/EON
イオンリート
Approval by
Investment
Corporation
Report to the Asset
Manager's board
of directors
•
•
*
An outside expert must attend the meeting and
agree in order for the resolution to pass.
Further Aligning the Interests of Unitholders
and the AEON Group
Ownership of investment units by AEON Group
Ownership interest 19.7% (as of July 31, 2017)
Co-ownership of properties with AEON Group
Co-owned properties
3
(as of July 31, 2017)
Introduction of an Asset Management Fee Structure
Linked to Distributions per Unit
Management Fee
Structure
Manage
ment fee
Manage-
Manage-
ment fee
Calculation Method
Total assets × 0.3% (maximum rate) × {No. of operating days
/ 365}
DPU before deducting Management fee II × NOI¹× 0.001%
ment fee II (maximum rate)
Acquisition fee
Acquisition price × 0.5% (maximum rate)
[Related party transactions: Acquisition price ×
0.25% (maximum rate)]
Disposition price × 0.5% (maximum rate)
Disposition fee
[Related party transactions: no disposition fee paid]
Introduction of Cumulative Investment Unit Purchase Program
We introduced a program on May 1, 2014, that enables the acquisition of AEON
REIT's investment units, using the cumulative investment unit purchase program
through securities firms, for directors and employees of AEON REIT and the Asset
Manager.
The program will help to further raise awareness towards enhancing the value of
AEON REIT's investment unit price and improving business performance, and
provide greater financial motivation in line with the interests of the unitholders.
(Note) NOI refers to total real estate leasing revenues for the relevant fiscal period less real estate leasing
expenses (excluding depreciation and loss on retirement of non-current assets).
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