Financial Highlights

Operating Revenues

This graph can be scrolled sideways.

Actual

Forecast

mn yen

Operating Income

This graph can be scrolled sideways.

Actual

Forecast

mn yen

Ordinary Income

This graph can be scrolled sideways.

Actual

Forecast

mn yen

Net Income

This graph can be scrolled sideways.

Actual

Forecast

mn yen

Distributions per unit(including distributions in excess of profit)

This graph can be scrolled sideways.

Actual

Forecast

yen

FFO per unit

This graph can be scrolled sideways.

Actual

Forecast

yen

* IIF implemented a two-for-one unit split on January 1, 2015 and four-for-one split on February 1, 2018.Figures for distribution per unit and FFO per unit indicated below are adjusted figures, which the actual figures are divided by four and rounded down to the nearest integer for Jun. 2016 (18th) to Jan.2018 (21st) periods, assuming that these unit splits took place at the beginning of the June 2016(18th) fiscal period.
Effective January 1, 2017, IIF's fiscal periods have been changed to semiannual periods ending July 31st and January 31st of each year. The fiscal period ended July. 31, 2017 is a transitional, seven-month fiscal period that started on January 1, 2017.

(1) Operating results

This table can be scrolled sideways.

 
  Operating revenues Operating income Ordinary income Net income
 Breakdown
Total
(Millions of yen)
Rent revenue-real estate Gain on sales of property Dividend income from investment
in Tokumei Kumiai
(Millions of yen)
Jan. 2019
(23rd)
9,806 9,806 - - 5,562 4,625 4,624
Jul. 2018 (22nd) 9,686 9,686 - - 5,553 4,614 4,612
Jan. 2018 (21st) 8,976 8,976 - - 5,071 4,082 4,081
Jul. 2017 (20th) 10,054 10,054 - - 5,787 4,634 4,633
Dec. 2016 (19th) 8,069 8,022 46 - 4,416 3,443 3,442
Jun. 2016 (18th) 7,886 7,886 - - 4,338 3,382 3,381

(2) Distributions

This table can be scrolled sideways.

 
  Distributions per unit *1 FFO per unit *1,2 Total distributions (including distributions in excess of profit) Payout ratio *3 Ratio of distributions to net assets *4
including distributions in excess of profit excluding distributions in excess of profit in excess of profit
yen yen yen yen Millions of yen % %
Jan. 2019
(23rd)
2,723 2,722 1 3,526 4,625 100.0 3.6
Jul. 2018 (22nd) 2,716 2,715 1 3,499 4,613 100.0 3.6
Jan. 2018 (21st) 2,570 2,569 1 3,364 4,083 100.0 3.5
Jul. 2017 (20th) 2,918 2,916 1 3,825 4,636 100.0 4.2
Dec. 2016 (19th) 2,442 2,441 0 3,209 3,443 100.0 3.7
Jun. 2016 (18th) 2,397 2,110 287 3,165 3,381 88.0 3.2
*1 IIF implemented a four-for-one split on February 1, 2018. Figures for distribution per unit and FFO per unit indicated above are adjusted figures, which the actual figures are divided by four and rounded down to the nearest integer for Jun. 2018 (18th) to Jul.2017 (20th) periods. Effective January 1, 2017, IIF's fiscal periods have been changed to semiannual periods ending July 31st and January 31st of each year. The fiscal period ended July 31, 2017 is a transitional, seven-month fiscal period that started on January 1, 2017.

*2 Figures are calculated using following formula.
Funds from operation (FFO) per unit =
(net income + loss on sales of real estate properties - gain on sales of real estate properties + depreciation + other property related depreciation)/number of units issued and outstanding

*3 Payout ratio in the above table is calculated by following formula.
Payout ratio = Distribution per unit (excluding distributions in excess of profit) / Net income per unit x 100
Payout ratio for the six months ended June 30, 2015 (16th period) and July 31, 2017 (20th period) is calculated by using following formula as new investment units were issued during these periods.
Payout ratio = total of distributions (excluding distributions in excess of profit) /net income x 100
Payout ratio for the six months ended June 30, 2016 and December 3 1, 2016 calculated by following formula is 100.0%, respectively.
Payout ratio = Distribution per unit (including distributions in excess of profit) / Net income per unit x 100

*4 Ratio of distributions to net assets in the above table is calculated by following formula (A).
Ratio of distributions to net assets for the six months ended June 30, 2016 and December 31, 2016 calculated by following formula (B) is 3.6% and 3.7%, respectively.
(A) Ratio of distributions to net assets = Distribution per unit (excluding distributions in excess of profit) / { (Net assets at beginning of period+Net assets at end of period) / 2} x 100
(B) Ratio of distributions to net assets = Distribution per unit (including distributions in excess of profit) / { (Net assets at beginning of period+Net assets at end of period) / 2} x 100

*5 Distribution per unit in excess of profit consists only of allowance for temporary difference adjustment.

(3) Financial position

This table can be scrolled sideways.

 
  Total assets Net assets Ratio of net assets to total assets Net asset value per unit*
Millions of yen Millions of yen % yen
Jan. 2019 (23rd) 289,242 129,780 44.9 76,394
Jul. 2018 (22nd) 289,221 129,765 44.9 76,385
Jan. 2018 (21st) 261,500 116,483 44.5 73,321
Jul. 2017 (20th) 261,999 117,008 44.7 73,652
Dec. 2016 (19th) 224,749 93,959 41.8 66,652
Jun. 2016 (18th) 216,639 93,799 43.4 66,512
* IIF implemented a four-for-one split on February 1, 2018. Figures for Net asset value per unit indicated above are adjusted figures, which the actual figures are divided by four for Jun. 2016 (18th) to Jul.2017 (20th) periods.

(4) Cash flows

This table can be scrolled sideways.

 
  Net cash provided by (used in) Cash and cash equivalents at end of period
Operating activities Investing activities Financing activities
Millions of yen Millions of yen Millions of yen Millions of yen
Jan. 2019
(23rd)
7,038 -1,743 -4,613 14,545
Jul. 2018 (22nd) 5,108 -28,671 21,780 13,864
Jan. 2018 (21st) 6,082 -607 -4,639 15,646
Jul. 2017 (20th) 5,727 -34,861 31,200 14,811
Dec. 2016 (19th) 13,565 -13,020 5,293 12,745
Jun. 2016 (18th) 4,287 -6,081 -1,688 6,906
* Consumption taxes are not included.
* Figures less than unit indicated in the above table are rounded down for amounts and rounded for ratio unless otherwise indicated.