Investor Presentaiton
Appraisal Value for the 36 Properties held in 9th fiscal period
/EON
Total unrealized gains increased up to 31.3bn at the end of 9th fiscal year (July 31, 2017).
Property name
Appraisal agency
Appraisal value (Millions of yen)
イオンリート
Property
number
Acquisition price
(Millions of yen)
SRSC-1
SRSC-2
RSC-1
AEON Lake Town mori (Note1)
AEON Lake Town kaze (Note1)
AEON MALL Morioka
The Tanizawa Sōgō Appraisal Co., Ltd.
21,190
8th Period
(January 31, 2017)
23,800
9th Period
(July 31, 2017)
Difference
23,800
0
8th Period
(January 31, 2017)
4.8
Capitalization Rate based on
direct capitalization method (%)
9th Period
(July 31, 2017)
Difference
4.8
0.0
The Tanizawa Sōgō Appraisal Co., Ltd.
6,730
7,880
7,880
0
5.2
5.2
0.0
Japan Real Estate Institute
5,340
6,720
6,720
0
6.6
6.6
0.0
RSC-2
AEON MALL Ishinomaki
Japan Real Estate Institute
6,680
7,080
7,080
0
6.2
6.2
0.0
RSC-3
AEON MALL Mitouchihara
Japan Real Estate Institute
16,460
18,000
18,000
0
6.0
6.0
0.0
RSC-4
AEON MALL Mitouchihara (Land)
AEON MALL Ota
Japan Real Estate Institute
Japan Real Estate Institute
105
112
112
6,860
7,990
8,190
RSC-5
AEON Sagamihara Shopping Center
Japan Real Estate Institute
10,220
10,800
10,900
RSC-6
AEON MALL Ogaki
Japan Real Estate Institute
4,950
5,130
5,110
▲
RSC-7
AEON MALL Suzuka
Japan Real Estate Institute
9,660
10,200
10,200
RSC-8
AEON MALL Meiwa
The Tanizawa Sōgō Appraisal Co., Ltd.
3,290
3,700
3,700
RSC-9
AEON MALL Kasai-Hojo
Japan Real Estate Institute
7,230
7,670
7,690
RSC-10
AEON MALL Hiezu
Japan Real Estate Institute
7,780
8,410
8,440
RSC-11
AEON MALL Kurashiki
Japan Real Estate Institute
17,890
19,200
19,300
RSC-12
AEON MALL Ayagawa
Japan Real Estate Institute
8,740
9,260
9,260
RSC-13
AEON MALL Nogata
Japan Real Estate Institute
11,246
13,000
13,000
P88200 28800
0
5.2
6.4
6.4
0.0
5.2
5.2
0.0
6.9
6.9
0.0
6.2
6.4
0.2
6.5
6.5
0.0
6.8
6.8
0.0
6.8
6.8
0.0
6.0
6.0
0.0
6.4
6.4
0.0
6.4
6.4
0.0
RSC-14
RSC-15
AEON MALL Kumamoto
AEON MALL KYOTO
Japan Real Estate Institute
13,148
12,500
6.0
Japan Real Estate Institute
21,470
22,500
22,500
0
4.8
4.8
0.0
RSC-16
AEON MALL Sapporo-Hiraoka
RSC-17 AEON MALL Kushiro-Showa
RSC-18 AEON MALL Rifu
RSC-19 AEON MALL Yamagata-Minami
RSC-20 AEON MALL Yokkaichi-Kita
RSC-21 AEON MALL Yamatokoriyama
RSC-22 AEON MALL Chiba-Newtown
RSC-23 AEON MALL Kofu Showa
The Tanizawa Sōgō Appraisal Co., Ltd.
5,900
6,340
6,340
0
6.2
6.2
0.0
The Tanizawa Sōgō Appraisal Co., Ltd.
1,780
1,930
1,930
0
6.8
6.8
0.0
The Tanizawa Sōgō Appraisal Co., Ltd.
2,560
2,770
2,770
0
6.4
6.4
0.0
The Tanizawa Sōgō Appraisal Co., Ltd.
1,350
1,470
1,470
0
6.6
6.6
0.0
The Tanizawa Sōgō Appraisal Co., Ltd.
2,210
2,450
2,610
160
6.2
6.2
0.0
Japan Real Estate Institute
14,500
14,800
14,800
0
5.6
5.6
0.0
Japan Real Estate Institute
12,190
12,400
12,400
0
4.9
4.9
0.0
Japan Real Estate Institute
8,389
8,610
8,600
▲ 10
5.8
5.0
0.0
RSC-24
AEON MALL Tomakomai
The Tanizawa Sōgō Appraisal Co., Ltd.
7,840
8,060
8,220
160
5.9
5.9
0.0
RSC-25
AEON MALL Oyama
Japan Real Estate Institute
6,280
6,430
6,430
0
6.7
6.7
0.0
RSC-26
AEON MALL Itamikoya
Japan Real Estate Institute
16,860
17,600
5.6
RSC-27
AEON MALL Kagoshima
The Tanizawa Sōgō Appraisal Co., Ltd.
13,400
13,900
6.0
RSC-28 AEON MALL Tsuchiura
Japan Real Estate Institute
12,030
12,040
6.9
RSC-29
AEON MALL Kahoku
Japan Real Estate Institute
9,940
10,600
6.9
CSC-1
L-1
AEON Chigasaki-Chuo Shopping Center
Daiei-Kawasaki Process Center
Japan Real Estate Institute
6,410
6,560
6,560
0
5.0
5.0
0.0
Japan Real Estate Institute
14,280
14,700
15,000
300
5.0
4.9
▲ 0.1
L-2
AEON Minami-Osaka RDC
Japan Real Estate Institute
9,870
10,300
4.9
M-1
AEON Taman Universiti Shopping Centre
(Note2)
658
553
554
Japan Real Estate Institute
M-2
AEON MALL Seremban 2(Note3)
Japan Real Estate Institute
(20mil RM)
5,252
Total
(215milRM)
330,690
(21.5milRM)
5,995
(233milRM)
(21.5milRM)
6,011
(233milRM)
352,878
(Note1)
(Note2)
(Note3)
For AEON Lake Town mori and AEON Lake Town kaze, their appraisal values, price based on direct capitalization method, price based on DCF method, and NOI describe the Investment Corporation's pro-rata portion of the quasi-
co-ownership interest (jun kyōyū-mochibun) in the beneficiary rights of real estate in trust (40% for each property).
Appraisal value represents the amount equivalent to the Investment Corporation's pro-rata portion of the rights (18.18%) similar to the co-ownership right (kyōyū-mochibun) of the trust property pertaining to the trust of the
beneficiary rights of real estate in trust. In addition, the amount in Malaysian Ringgit was converted to Japanese yen based on the exchange rate as of the end of the fiscal period (January 31, 2017; 1RM = ¥25.73, July 31,
2017; 1 RM = ¥25.80; rounded down to the nearest 100th).
The amount in Malaysian Ringgit was converted to Japanese yen based on the exchange rate as of the end of the fiscal period (January 31, 2017; 1RM = ¥25.73, July 31, 2017; 1 RM = ¥25.80; rounded down to the nearest
100th).
34View entire presentation