Investor Presentaiton slide image

Investor Presentaiton

JPR Balance Sheet as of the End of the 21st Fiscal Period Interest-bearing debt ratio, which rose to 53.2% at end of the 21st fiscal period, is projected to decrease to 48.5% after the add-on offering (JPY mn) 1. Balance of interest-bearing debt 20th Fiscal Period 21st Fiscal Period Change as of Dec. 31, 2011 as of Jun. 30, 2012 Unsecured loans payable Amount % Amount % Amount % Secured loans payable Current assets 27,171 7.5% 25,075 6.3% -2,096 -7.7% Cash and deposits 13,647 3.8% 12,750 3.2% -897 -6.6% Unsecured investment corporation bonds Total End of 20th Period End of 21st Period 111,505 143,581 (JPY mn) Change 32,076 51,500 163,005 51,500 195,081 32,076 Cash and deposits in trust 13,132 3.6% 11,910 3.0% -1,221 -9.3% Other current assets 391 Noncurrent assets 333,357 Property, plant and equipment Real estate Buildings and structures 0.1% 92.4% 328,084 91.0% 151,009 41.9% 44,361 12.3% Land 106,648 29.6% Real estate in trust 177,074 49.1% 414 370,795 93.6% 365,368 92.3% 150,681 38.0% 44,012 11.1% 106,669 26.9% 214,686 54.2% 0.1% 23 6.0% 37,438 11.2% 37,284 11.4% -327 -0.2% -348 -0.8% 2. Interest-bearing debt ratio, etc. Interest-bearing debt ratio (Note 1) Interest-bearing debt to total assets (Note 2) Interest-bearing debt to total assets End of 20th Period End of 21st Period Change (p) 48.8% 53.2% 4.5 45.2% 49.3% 4.1 15 & 21 37,612 0.0% 21.2% (including unrealized gains or losses) (Note 3) 47.6% 52.2% 4.7 Long-term fixed-rate interest-bearing debt ratio (Note 4) 76.1% 75.3% -0.7 Buildings and structures 56,583 15.7% 55,807 14.1% Land 120,491 33.4% 158,879 40.1% -776 38,388 -1.4% Intangible assets 4,801 1.3% 4,800 1.2% -1 31.9% -0.0% (Note 1) Interest-bearing debt/ (Interest-bearing debt + Unitholders' capital) (Note 2) Interest-bearing debt/Total assets at end of period Leasehold rights 4,794 1.3% 4,794 1.2% - (Note 3) Interest-bearing debt/ (Total assets at end of period + Gains or losses from real estate valuation) (Note 4) Long-term fixed-rate interest-bearing debt(*) / Interest-bearing debt Other intangible assets Investments and other assets 7 0.0% 5 0.0% -1 472 0.1% 627 0.2% 155 -16.7% 32.9% (*) Total amount of long-term fixed-rate debt with over 1 year to maturity 3. Cash and deposits Status Others Lease and guarantee deposits Deferred assets Investment corporation bond issuance costs 49 0.0% 49 0.0% End of 20th Period End of 21st Period (JPY mn) Change 422 0.1% 577 0.1% 155 36.7% Cash and deposits 169 0.0% 146 0.0% -23 169 0.0% 146 0.0% -23 Total assets 360,699 100.0% 396,017 100.0% 35,318 Current liabilities 43,210 12.0% 54,346 13.7% 11,136 -13.8% -13.8% 9.8% 25.8% Tenant leasehold and security deposits (except tenant leasehold and security deposits) (Note) (Note) Amount equivalent to leasehold deposits released from tenants (4,000 million yen at end of 20th period and 7,500 million yen at end of 21st period) is excluded. 26,780 13,859 24,660 11,197 -2,119 -2,661 4. Commitment line status Accounts payable - other 2,434 0.7% 3,875 1.0% 1,440 59.2% End of 20th Period End of 21st Period (JPY mn) Change Advances received 1,759 0.5% 2,328 0.6% 568 32.3% Credit limit (total) 28,000 28,000 Short-term loans payable 12,400 3.4% 20,600 5.2% 8,200 66.1% Outstanding debt Current portion of long-term loans payable Current portion of investment corporation bonds 17,616 4.9% 18,543 4.7% 927 5.3% Unused commitment line 28,000 28,000 9,000 2.5% Noncurrent liabilities Tenant leasehold and security deposits Long-term loans payable Investment corporation bonds Total liabilities Unithoders' capital Surplus Total unitholders' equity Total liabilities and unitholders' equity 141,848 39.3% 17,859 5.0% 81,489 22.6% 42,500 11.8% 185,058 51.3% 171,339 47.5% 4,300 1.2% 175,640 48.7% 360,699 100.0% 9,000 2.3% 165,635 41.8% 18,697 4.7% 104,438 26.4% 42,500 10.7% 219,981 55.5% 171,339 43.3% 4,696 1.2% 176,035 44.5% 396,017 100.0% Lenders 23,787 838 22,949 16.8% 4.7% 28.2% Mizuho Corporate Bank, Resona Bank, The Bank of Tokyo-Mitsubishi UFJ, Mitsubishi UFJ Trust and Banking, Sumitomo Mitsui Banking, Aozora Bank and Mizuho Trust & Banking 5. Investment unit status 34,923 18.9% 395 395 35,318 9.2% Total number of units outstanding (units) (Note) Net assets per unit (yen) End of 20th Period End of 21st Period Change 715,000 245,651 715,000 246,204 553 0.2% 9.8% (Note Total number of units outstanding is projected to be 825,000 units, adding the 101,420 units newly issued via add-on offering in July 2012 and the 8,580 units (maximum) newly issued through third-party allotment in August 2012 in association with the over-allotment option. (Note) Amounts have been rounded down to the nearest specified unit and percentages have been rounded to the first decimal place. Japan Prime Realty Investment Corporation 9
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