Portfolio Data

As of January 2018 (21st Fiscal Period)

Leasable Area 1,225,135.91m²   Total Assets
(mn Yen)
261,500
Number of Lessees *1 77   Total Book Value (I)
(mn Yen)
243,699
Occupancy Ratio
Simple average
100.0%   Total Appraisal Value (II)
(mn Yen)
288,123
  Difference (II-I) *2
(mn Yen)
44,424
  • *1 The total number of lessee is the sum of the number of lessees for each property.
  • *2 The difference between the total appraisal value and total book value is calculated by simple subtraction in millions.

Portfolio DiversificationJanuary 31, 2018

Asset Type (based on appraisal value)

Asset Type

Asset Type
[the number of properties]
Appraisal Value
(in millions)
%(*)
Infrastructure facilities [11] 87,232 30.3%
Logistics facilities [39] 155,301 53.9%
Manufacturing, research and development, and other non-logistics facilities [9] 45,590 15.8%
Total [59] 288,123 100.0%
  • *      Percentage is expressed as a percentage of the aggregate appraisal value of the portfolio, rounded to the nearest tenth.

Lease Term (based on annual rents)

Lease Term

Lease Term
[the number of lessees]
(*1)
Annual Rent
(in millions)
(*2)
%
(*3)
10 years or more [51] 14,205 86.8%
2 years or more but less than 10 years [23] 1,951 11.9%
Less than 2 years [3] 212 1.3%
Total [77] 16,370 100.0%
  • *1    The aggregate number of lessees as indicated in each relevant lease agreement.
  • *2    Calculated as the aggregate anticipated monthly rent multiplied by twelve and rounded to the nearest million yen.
  • *3    Percentages indicate annual rent of the relevant properties expressed as a percentage of the aggregate anticipated annual rent of the portfolio, rounded to the nearest tenth.

Key Tenants (based on annual rents)

Key Tenants

Key Tenants Annual Rent
(in millions)
(*1)
%
(*2)
Japan Airlines Co., Ltd. 1,888 11.5%
Sagawa Express Co., Ltd. 1,720 10.5%
JCB Co., Ltd. 729 4.5%
Osaka Gas Co., Ltd 665 4.1%
Toshiba Logistics Corporation (*3)
Others (*3)
Total 16,370 100.0%
  • *1    Calculated as the aggregate anticipated monthly rent multiplied by twelve and rounded to the nearest million yen.
  • *2    Percentages indicate annual rent expressed as a percentages of the aggregate annual rent of all tenants,rounded to the nearest tenth.
  • *3    Tenant has not agreed to the disclosure of the annual rent and its percentage.