Investor Presentaiton
NBF
Mapen Building Fund
(million yen)
2H/2015
1H/2016
PoP Change
(29th Period)
(30th Period)
Amount
Total operating revenues
Operating revenues
34,640
35,671
2-2 1H/2016 (30th Period) Statement of Income
■Statement of Income
■Summary of PoP Change
Total operating revenues
Rental revenues
(million yen)
+1,030
Percentage
+479
1,030
3.0%
34,640
34,719
78
0.2%
2 acquisitions, 2 dispositions
+71
rental revenues
31,268
31,748
479
1.5%
72 existing properties
+408
Other revenues related to property leasing
3,372
2,971
-400
-11.9%
Profits from dispositions
951
951
Other revenues related to property leasing
-400
Total operating expenses
21,164
20,660
-504
-2.4%
Cancellation fees
-101
Operating expenses
19,736
19,155
-580
-2.9%
Rental expenses (excl. depreciation and amortization)
12,626
12,080
-545
-4.3%
Incidental income (seasonal factors, etc.)
-285
Depreciation and amortization
7,110
7,074
-35
-0.5%
Profits from dispositions (2 dispositions)
+951
Asset management fees
1,205
1,264
58
4.9%
Selling,general and administrative expenses
222
240
17
7.9%
Total operating expenses:
- 504
Operating Income
13,475
15,011
1,535
11.4%
Net non-operating income and expenses
-2,497
-2,202
295
Non-operating income
5
3
-1
Rental expenses
Utilities (seasonal factors, etc.)
-580
- 353
Non-operating expenses
2,503
2,205
-297
-11.9%
Property management expenses
-108
Ordinary income
10,978
12,808
1,830
16.7%
Extraordinarity income(loss)
Repair and maintenance expenses
-55
Income before income taxes
10,978
12,808
1,830 16.7%
Property taxes (incl. properties newly acquired in 2015)
+45
Income taxes
1
0
-0
Non-operating income and expenses:
+295
Net income
10,977
12,808
1,830
16.7%
Non-operating expenses
-297
Provision/Reversal of reserve for advanced depreciation
370
-951
-1,321
Payment of dividends
11,346
11,856
509
4.5%
Interest expense
-293
Distribution per unit(JPY)
8,036
8,397
361
4.5%
Average Occupancy rate during the Period (%)
96.8
97.9
1.1
Units issued and outstanding at period end
1,412,000
1,412,000
Reference
NOI from property leasing activities
22,014
22,638
624
2.8%
Operating income (excl. profits from dispositions)
13,475
14,059
583 4.3%
Net income (excl. profits from dispositions)
10,977
11,856
879
8.0%
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