Investor Presentaiton
Overview of financial results
for the fiscal period ended December 31, 2017 (23rd Period)
Distribution per unit
Occupancy rate
Fiscal Period ended Jun. 30,
Fiscal Period ended Dec. 31,
2017 (22nd Period) (181 days) 2017 (23rd Period) (184 days)
7,900 yen
97.5%
8,110 yen
97.0%
Compared to the 22nd
Period
+210 yen
-0.5pt
No. of properties under
20
20
management
Asset size
(Note 1)
238,144 mn. yen
238,144 mn. yen
NOI (Note 2)
4,715 mn. yen
4,850 mn. yen
+134 mn. yen
Average NOI yield (Note 2)
4.2%
4.1%
-0.1pt
(Annual base)
Interest-bearing debt
104,975 mn. yen
104,975 mn. yen
LTV (Book value base)(N
(Note 3)
42.2%
42.2%
LTV (Appraisal value base) (No
(Note 4)
43.0%
42.1%
Average remaining years of debt
3.1 years
4
Issuer rating
NAV per unit (Note 5)
Note 1: "Asset size" is based on acquisition price.
Note 2: "NOI" and "Average NOI yield" do not include dividends receivable of Nagoya Lucent Tower's silent partnership interest (hereinafter referred to as TK interest).
Note 3: LTV (Book value base)=Term-end debt/term-end total assets
Note 4: LTV (Appraisal value base)=term-end debt/(term-end total assets±unrealized gain/loss. Unrealized gain/loss means gap between book value and appraisal value).
Note 5: NAV per unit: [Total interest + (Term-end appraisal value - term-end book value)]/term-end outstanding # of units
A (Stable)
405,439 yen
3.5 years
A (Stable)
423,305 yen
-0.9pt
+0.4 years
+17,866 yen
-
MCUBS MidCity Investment CorporationView entire presentation