MFLP Mitsui Fudosan Logistics Park Inc. Development / Operation Track Record
1 -4. Financial Strategy 1
LTV management and stable financial operation
| Major changes in financial metrics
End of 13th FP
(January 31, 2023)
End of 14th FP
(July 31, 2023)
End of 15th FP
(January 31, 2024)
(forecast)
MFLP Mitsui Fudosan
Logistics Park Inc.
End of 16th FP
(July 31, 2024)
(forecast)
Funding base interest rate trends
While base rates for funding are rising near term, MFLP-REIT has been
able to keep spread levels unchanged when raising funds, through
discussions with financial institutions: impact of rising interest rates is
limited
TONA SWAP rate trend
Total interest-
bearing debt
120.7 billion yen
135.2 billion yen
131.9 billion yen
147.9 billion yen
1.5%
LTV
35.9%
38.6%
36.6%
39.4%
1.0%
LTV-based capacity for
Acquisitions
95.0 billion yen
80.0 billion yen
97.0 billion yen
80.0 billion yen
(at 50% LTV)
Average interest
rate
Average time to
maturity
0.5%
0.39%
0.46%
I
маль
whiny
الله
8.2 years
8.3 years
.
0.0%
(long-term only)
Fixed interest ratio
(long-term only)
98.3%
98.5%
2022/1
2022/7
5 years rate
2023/1
10 years rate
Interest-bearing debt maturity ladder and lender formation | Lender formation (As of July 31, 2023)
2023/7
(bn yen)
■Long-term (fixed interest rate) borrowings and investment corporation bonds
■Long-term (floating rate) borrowing Short-term borrowing
120
100
80
60
40
20
0
15th FP
16th FP
Commitment line 10,000 million yen
17th FP
18th FP
19th FP
20th FP
OF21st FP
3722nd FP
23rd FP
24th FP
25th FP
26th FP
27th FP
28th FP
29th FP
30th FP
31st FP
32nd FP
33rd FP
34th FP
35th FP
Investment
Corporation Bonds.
Sumitomo Mitsui Banking
Corporation
others-
The 77 Bank
Development Bank of
Japan
Nippon Life
Insurance Company
The Chiba Bank
Sumitomo Life
Insurance Company
itsui Sumitomo Insurance
SBI Shinsei Bank
The Yamaguchi Bank
Total lenders: 29
Total borrowings
¥135.2 bn
(Includes Investment
Corporation Bonds)
Mizuho Trust & Banking
Mizuho Bank
The Bank of Fukuoka
Shinkin Central Bank
MUFG Bank
The Norinchukin Bank Sumitomo Mitsui
Trust Bank
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