Investor Presentaiton
NBF
Mapen Building Fund
2-5 1H/2016 (30th Period) Appraisal Value Assessment
■ Appraisal Value
Appraisal Value, Book Value and Unrealized Gain Ratio
2H/2015
(29th Period)
1H/2016
(30th Period)
PoP
Change
(billion yen)
1,400
(%)
18
Number of properties
74
73
-1
Appraisal value
(period end)
Book value
(period end)
Unrealized gain
Book value (period end) (Left Axis)
Appraisal value (period end) (Left Axis)
Unrealized gain ratio (Right Axis)
16
10
1,117.9 billion yen 1,162.9 billion yen 45.0 billion yen
14
1,200
990.7 billion yen 1,002.3 billion yen 11.6 billion yen
12
127.2 billion yen
160.5 billion yen 33.3 billion yen
10
12
10
Unrealized gain ratio
12.8%
16.0%
3.2 pt
1,000
■Changes by Property (POP)
Direct Return Cap Rate
800
(Properties)
Appraisal Value
(Properties)
2H/2015
(29th Period)
1H/2016
2H/2015
1H/2016
(30th Period)
(29th Period)
(30th Period)
Down
72
69
Up
69
69
Same
2
Up
Same
0
Down
3
4
0
10
8
6
4
2
0
0
2H/2013
25th
Period
1H/2014
26th
Period
2H/2014 1H/2015 2H/2015 1H/2016
27th
28th
29th
30th
Period Period Period PeriodView entire presentation