Investor Presentaiton
Finance
2
Upgrade of external credit rating ~
Continuing to adequately control financial metrics, while continuing to grow, with the aim of maintaining and
improving ratings. With the recent upgrade, AEON REIT will consider maintaining and lowering the funding
cost, as well as further diversifying the sources of funding.
Improvement of long-term issuer rating
(*the numbers below are: As of when the REIT obtained the rating (as of the end of the 2nd FP) The end of the 21st FP)
Since obtaining credit rating, the size of the REIT continuously grew
Corporation
Size of Investment
Asset size
158.3 bn yen
468.3 bn yen
Interest-
bearing debt
67.0 bn yen
188.4 bn yen
No. of
properties
16
Depreciation
3.3 bn yen
(Note 1)
49
10.9 bn yen
Adequately controlled financial metrics, while growing asset size
LTV
43.4 %
(including deposits)
44.8 %
Debt capacity
(Note 2)
22.0 bn yen
47.0 bn yen
Funding cost
0.92%
0.78 %
Initial duration
5.4 yrs
7.4 yrs
of debt
26
Investment Corporation bonds
(wholesale and retail)
Credit rating was upgraded, thanks to our initiatives since the IPO
Jointly operated
specified money trust
Green finance
Sustainability finance
Sources of
funding
15
Diversification
of funding
Loans
Financial operations
rating
Credit
Long-term issues rating
(Japan Credit Rating Agency, Ltd.)
ÆON REIT Investment Corporation
AA-
(Stable)
AA
(Stable)
17View entire presentation