Investor Presentaiton
Nippon
Accommodations
Financial Highlights (1) (34th Period: September 2022 - February 2023) Acce
Fund
Comparison with the 33rd Period
34th Period
(Forecast)
(Ended Feb. 28, 2023)
1
34th Period
Comparison with Forecast
*1
(Actual results)
(Ended Feb. 28, 2023)
(2)
Change
2-1
Notes
33rd Period
(Actual results)
(Ended Aug. 31, 2022)
Change
Notes
(JPY million)
(JPY million)
(JPY million)
Total
Revenues
12,265
12,344
+79
■Revenues
+79
12,434
-90
Revenues
-90
Existing properties
+79
Existing properties
+17
Operating
Gain on sale of
Income
5,724
5,835
+110
5,726
+108
■Operating expenses
-31
property that occurred in the
33rd Period
-107
Rental expenses
-26
Net Income
5,291
5,426
+134
Real estate taxes
+4
5,292
+134
Depreciation and
■Operating expenses
-198
amortization
-1
Rental expenses
-137
Internal
reserves
Asset management fees
Other expenses
+11
107
-107
Real estate taxes
-1
-19
Depreciation and
amortization
-55
Net Income
per Unit *2
Distribution
per Unit
10,510
yen
10,778
+268 Non-operating income
+12
10,511
+267
Asset management fees
+3
yen
yen
yen
yen
Other expenses
-8
10,510
10,778
yen
yen
+268
yen
■Non-operating expenses
Interest expense, etc.
-11
-11
10,299
+479 Non-operating income
+3
yen
yen
Units
503,472
503,472
Outstanding
units
units
503,472
units
■Non-operating expenses
Interest expense, etc.
-21
-21
Total
Acquisition
Price
339,966 339,966
AUM
No. of
339,966
134
properties
Investment
properties
134
properties
134
properties
Average Month-
End Occupancy
Rate
96.8
%
97.0
+0.2
%
points
LTV
(At the end of
the Period)
51.6
%
51.5
%
-0.1
points
96.5
%
+0.5
points
51.6
%
-0.1
points
*1 The forecast for the 34th Period are the figures announced in the financial results report (excluding LTV) dated October 20, 2022.
*2 Calculated based on 503,472 units outstanding at the end of the period.
*3 Acquisition-related expenses and property tax are not included.
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