Investor Presentaiton
Real Estate Fund (3) The Portfolio
1. Summary
Financial Results
2. How to Increase
Corporate Value
Asset
Management
3. Appendix
Σ Business
Overweight to the industrial, including logistics facilities for e-commerce businesses, and rental residential sectors and
underweight to the office sector relative to the benchmark index.
4. Financial Data
Governance
While keep the constant pace of the investment, tactically accelerated the pace in FY2022/3 to capture the timing of price
recovery after the Covid-19 dislocation.
Sector Diversification
(Fair Value Basis, As of Sep. 30, 2023)
Vintage Diversification
(Capital Commitment Basis)
Other
Hotel
3%
2%
Office
24%
4%
2%
32%
Industrial
26%
33%
Retail
7%
13%
23%
Residential
31%
<Note>
Inner ring: Market size
(as of Dec. 31, 2022, estimate by MSCI*)
Outer ring: Portfolio (as of Sep. 30, 2023)
Reproduced by permission of MSCI Inc. ©2023.
All rights reserved
JP JAPAN POST BANK
BANK
FY2023/3
19.2%
FY2024/3
8.9%
FY2017/3
1.4%
FY2018/3
4.7%
FY2022/3
26.9%
FY2019/3
16.6%
FY2020/3
11.9%
FY2021/3
10.5%
Investment Diversification (As of Sep. 30, 2023)
No. of Funds
No. of Loans
206
288
No. of underlying
property
Approx. 14,000
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