Investor Presentaiton
Achieve stabilized DPU target with stability and growth potential
Operational concerns
arising from changes in the
environment
Master lease
rent scheme
(fixed rent)
Secure stable rent
through master lease
contracts based on long-
term fixed rent contracts
with AEON Group
companies
Based on the above
contract scheme, AEON
REIT does not bear
operation costs such as
utilities and water
expenses
➤ Higher operating costs due to inflation and the rise in energy prices
►Higher funding cost due to the rise in market interest rates
Equity financing becoming more difficult
Stability
Flexible change of
financing method
Adapt flexibly to changes
in the environment, while
maintaining our current
policy of long-term fixed
interest funding
Control funding cost by
temporarily using shorter
term and variable funding
Strengths of AEON REIT
Utilization of reversal of
dividend reserve,
and paying dividends in
excess of earnings
Utilize reversal of
dividend reserve, as
well as dividends in
excess of earnings, to
stabilize DPU
Maintain stability of
DPU, even when there
is a temporary large
expense
Growth potential
Utilizing the
comprehensive strength
of AEON Group
Utilize comprehensive
strength of the Group
companies to secure
future pipeline
Maintain high level of
end tenant occupancy
and sales
Using cash-on-hand
to achieve DPU
growth
Generate abundant
cash-on-hand through
depreciation
Utilize funds flexibly,
depending on the
environment
Utilize AEON REIT's strengths, and maintain stability while continuing to grow
Aim for the mid-term target of 3,600 yen stabilized DPU
ÆON REIT Investment Corporation
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