Property-Replacement. May 23, Himonya Shopping Center. AEON MALL Uki. the b fukuoka tenjin. the b roppongi (Annex) Musashimurayama warehouse
|
|
- Samuel Casey
- 5 years ago
- Views:
Transcription
1 Property-Replacement May 23, 2018 AEON MALL Uki Himonya Shopping Center the b roppongi (Annex) the b fukuoka tenjin Musashimurayama warehouse Securities Code : 8960
2 Property-Replacement Strategy Improvement of the asset quality and portfolio profitability through strategic property-replacement 1. Decision making with consideration of each property s potentiality and the market 2. Enhancing our ability to cope with various risks by partial retention of gains on the property sale 3. Keeping adequate Return on Investment (4% in NOI yield after depreciation) through various devised approaches 22 nd FP ( 14/11) 28 th FP ( 17/11) 29 th FP ( 18/5) Property-replacement in the last three years Efforts at this time Acquisition in the future Disposition Acquisition Asset to be Sold Acquisition pipeline 15properties 36.7Bn yen (based on the acquisition price) 23properties 127.7Bn yen (based on the acquisition price) Total:26.4Bn yen (based on the acquisition price) AEON MALL Uki 7properties Effects of the series End of 22 nd FP ( 14/11) 108properties End of 28 th FP ( 17/11) 116properties Himonya Shopping Center 22.8Bn (based on the acquisition price) Total Acquisition Price Adjusted NOI yield Adjusted NOI yield after depreciation 519.9Bn yen 5.48% 4.14% Total Acquisition Price Adjusted NOI yield Adjusted NOI yield after depreciation 610.9Bn yen 5.63% 4.31% Estimated NOI Yield 5.6% (Average of 7 properties) 1
3 Summary of the Property Sale announced on May 23, 2018 Sale of 2 properties in consideration of their future prospects and the current real estate market (Bn yen) Property Name (Type of use) Location Completed Acquisition Price Book Value (Note 1) Appraisal Value (Note 2) Anticipated Sale Price (Note 3) Reason of the Sale AEON MALL Uki (Retail Properties) Himonya Shopping Center (Retail Properties) Uki, Kumamoto Meguroku, Tokyo October 1997 March properties will be sold with Estimated NOI yield of 4.9% (based on contracted sale price) UUR has agreed with the tenant to enter into a long fixed-term lease agreement from August 2019 with large rent reduction.uur's rent revenues will decrease in exchange of avoidance of tenant leave risk. (Estimated NOI (yearly):before rent reduction 749Mn yen after rent reduction 504Mn yen) Receipt of the favorable purchase offer (Higher price than Appraisal Value) Concern for the property's profitability and liquidity in the future due to its location. UUR's rent revenues have increased greatly as the result of the large scale renovation work in Receipt of the favorable purchase offer based on the current increased rent. (Gains on the sale will be shown over 3 fiscal periods in installments) Concern of total floor decrease in case of rebuilding. (The building's floor-area ratio:about 480% v.s. present legal floor-area ratio: about 240%) Total/By fiscal period Date of Sale Acquisition Price Book Value (Note 1) Appraisal Value (Note 2) Anticipated Sale Price (Note 3) Estimaited Gain on sale of properties (Note 4) The use of sales profit Total 29FP(2018/5) 30FP(2018/11) 31FP(2019/5) (Note1) Book Value as of March 31, (Note2) Appraisal value as of May 1, May 24, 2018 November 1, 2018 March 1, (Note3) Anticipated Sale Price is show n w ithout miscellaneous expenses for the sale, consumption tax, etc. The w ord is used w ith the same definition in this release. (Note4) Estimaited Gain on sale of properties is different from the actual gains. Gains on the sale will be retained as "Reserve retained as distribution" to the extent not to be imposed corporate income tax. Mitigating the impact on decrease of NOI by the gains on the sale shown in 3 installments. 2
4 Candidates for Acquisition Increase of opportunities for property-acquisition through varied approaches Investment Candidates under consideration as of May 23, 2018 (Note) Acquisition Method Type of use Property name Location Completed Estimaited Acquisition price Utilization of the Adjacent Site and the less utilized part of the land of the Property Hotel the b roppongi building an Annex Tokyo 2019 (scheduled) Utilization of Bridge Fund Scheme Others Musashimurayama warehouse Tokyo 2001 Acquisition of properties under development (sponsors groups) Hotel non-disclosure (limited service hotel) non-disclosure (limited service hotel) the b fukuoka tenjin (limited service hotel) Hokkaido 2018 Ishikawa 2018 (scheduled) Fukuoka 2017 About 22.8 Bn yen Estimated NOI Yield 5.6% (Average of 7 properties) Acquisition of properties under development non-disclosure (limited service hotel) Tokyo 2018 Information network of the asset management company Residential Properties non-disclosure Fukuoka 2008 (Note) The properties shown above are those have been under negotiation with each owners of the properties and Japan REIT Advisors Co., Ltd. as of May 23, Therefore, there is no guarantee United Urban Investment Corporation can acquire these investment candidates. 3
5 Change in Asset Composition 1. Decrease of the ratio of "Retail Properties" by the effect of the Sale. 2. Expected increase of Hotel by acquisition of the candidates (new hotels with good location and high NOI yield) 3. Decreased ratio of the major corporate groups in rent revenues Improved quality and profitability of the portfolio in the long-term perspective Type Others Residential Properties 7.7% 6.8% Hotel 20.4% Before the Sale (as of May 23, 2018) 117properties 627.5Bn yen Office 32.2% Buildings Ratio of GMS(based on the acquisition price) Retail Properties 33.0% Property name Ratio Acquisition Price (Bn yen) Himonya Shopping Center 2.4% 15.3 AEON MALL Uki 1.8% 11.1 Daiei Takarazuka Nakayama 0.7% 4.2 Ito-Yokado Owariasahi 0.8% 4.8 GMS properties in total 5.6% 35.5 The whole portfolio 100.0% Residential Others Properties 8.0% 7.4% Hotel 23.3% After the Sale and acquisition of the candidates (estimation) 121 properties About 623.9Bn yen Office Buildings Ratio of GMS(based on the acquisition price) Retail Properties 28.9% 32.3% Property name Ratio Acquisition Price (Bn yen) Daiei Takarazuka Nakayama 0.7% 4.2 Ito-Yokado Owariasahi 0.8% 4.8 GMS properties in total 1.4% 9.0 The whole portfolio 100.0% Rent revenue from corporate groups (fixed income) 9.2% AEON Group 4.2% Solare Hotels and Resorts 4.1% Toshiba Electronic Devices & Storage 3.8% Yodobashi Camera Solare Hotels and Resorts 4.5% 4.1% AEON Group 4.1% Toshiba Electronic Devices & Storage 3.5% Yodobashi Camera 3.2% Fujita Kanko 3.2% Fujita Kanko 75.5% Top 5 tenant groups 24.5% 80.7% Top 5 tenant groups 19.3% 4
6 Continuous DPU Growth and Retained Earnings 1. Gains on the sales will be shown over 3 fiscal periods in installments 2. Enhancing our ability to cope with various risks by partial retention of the gains on the sale 3. Recovery and increase of NOI through internal growth and acquisition of the candidates Continuous DPU Growth 2,750 2,804 2,896 2,900 2,953 3,000 3,010 3,250 3,358 3,400 3,420 20FP 21FP 22FP 23FP 24FP 25FP 26FP 27FP 28FP 29FP 30FP 31FP ('13/11) ('14/5) ('14/11) ('15/5) ('15/11) ('16/5) ('16/11) ('17/5) ('17/11) ('18/5) ('18/11) ( 19/5) Utilize policy of retained earnings Forecast Forecast Forecast 1.Promotion of external growth with the flexible equity-raise We use our retained earnings to mitigate the influence in such case as the dilution of DPU arises by the issuance of new units and stabilize DPU level. Flexibility of equity-finance corresponding to the economic and financial markets and promotion of external growth can be expected through these initiatives. 2.Portfolio management from long-term perspective We use our retained earnings to maintain DPU level in such cases as losses on the disposition of property, sudden decreases in revenues (major tenants' leave etc.). This will enable us to build the optimum portfolio and asset management in the long perspective. 3.Coping with difference between accounting and taxation We can mitigate the risk of large amount of corporate tax due to difference between accounting and taxation such as impairment loss by using our retained earnings. 5
7 Disclaimer The purpose of this material is to provide information, and not to solicit or canvass for investment in any particular product or to serve as a recommendation to buy or to sell. To purchase United Urban Investment Corporation investment units, please direct requests to any securities company. Final investment decisions are entirely the responsibility of the investors themselves. This material is neither a disclosure document nor an investment report under the Act on Sales, etc of Financial Products, the Law Concerning Investment Trusts and Investment Corporations or the Security Listing Regulations of the Tokyo Stock Exchange. Data, analyses, etc., in this material are based on performance in a specific period in the past, and are not guarantees of actual future investment results, changes, etc. In addition, the forward-looking statements contained in this material does not guarantee future performance. No representations or warranties are made as to the accuracy or completeness of the information provided in this material, the content of which is subject to change or deletion without notice. Neither United Urban Investment Corporation nor Japan REIT Advisors Co., Ltd. accept any responsibility of any kind for the consequences of investment activities carried out on the basis of this material. Any reproduction or alternative use of the content of this material without prior permission is prohibited. Inquiries : Japan REIT Advisors Co., Ltd. Registration No. 336 by Kanto Local Bureau Member of The Investment Trust Association, Japan Finance Team TEL FAX
8
ORIX JREIT Inc. Issuer:
0 Issuer: ORIX JREIT Inc. Supplementary Material Revisions of Earnings & Distributions Forecasts From the 32 nd Fiscal Period (Feb. 28, 2018) to the 34 th Fiscal Period (Feb. 28, 2019) February 26, 2018
More informationInvincible Investment Corporation Follow on Acquisition and Disposition
Invincible Investment Corporation Follow on Acquisition and Disposition TSE Code : 8963 July 25, 2017 Deal Summary Portfolio rebalance, acquiring new addition of Hotel MyStays Gotanda Station at a 7.3%
More informationNotice Concerning Forecasts of Financial Results for the Fiscal Periods Ending August 31, 2016 and February 28, 2017
For information purpose only. The Japanese press release should be referred to as the original. To All Concerned Parties January 7, 2016 REIT Issuer: LaSalle LOGIPORT REIT 1-1, Uchisaiwaicho 1-chome, Chiyoda-ku,
More informationStrategic Portfolio Restructuring
Strategic Portfolio Restructuring 8, 2016 Ichigo Office REIT Investment Corporation (8975) Ichigo Real Estate Investment Advisors Co., Ltd. 2016 Ichigo Real Estate Investment Advisors Co., Ltd. Ichigo
More informationFebruary 10, 2017 Asset Management Company:
0 Issuer: ORIX JREIT Inc. Supplementary Material Revisions of Earnings & Distributions s From the 30 th fiscal period ending Feb. 28, 2017 to the 32 nd fiscal period ending Feb. 28, 2018 February 10, 2017
More informationOctober 15, 2013 Asset Management Company:
0 REIT Issuer: ORIX JREIT Inc. Financial Results for 23 rd Fiscal Period (ended August 31, 2013) Revision of Earnings & Distributions Forecasts for 24 th Fiscal Period (ending February 28, 2014) Earnings
More informationSUMMARY OF FINANCIAL REPORT FOR THE FISCAL PERIOD ENDED NOVEMBER 30, 2018 (June 1, 2018 November 30, 2018)
For Translation Purposes Only January 18, 2019 SUMMARY OF FINANCIAL REPORT FOR THE FISCAL PERIOD ENDED NOVEMBER 30, 2018 (June 1, 2018 November 30, 2018) Name of issuer: United Urban Investment Corporation
More informationNotice Concerning Acquisition of Property
For Translation Purposes Only For Immediate Release October 29, 2018 United Urban Investment Corporation Ikuo Yoshida Executive Officer (Securities Code: 8960) Asset Management Company: Japan REIT Advisors
More informationJapan Real Estate Investment Corporation Performance Review for Fiscal Period Ended September 30, 2016 November 16, 2016
Japan Real Estate Investment Corporation Performance Review for Fiscal Period Ended September 30, 2016 November 16, 2016 Message from President & CEO I would like to express our sincere appreciation that
More informationNotice concerning Asset Transfer and Lease Termination (J Tower)
Translation Purposes Only To All Concerned Parties September 22, 2017 Name of REIT Issuer: One REIT, Inc. 2-1-3 Nihonbashi, Chuo-ku, Tokyo, Japan Koji Hashimoto, Executive Director (TSE Code: 3290) Contact:
More informationWe encourage readers to review our complete legal statement on Disclaimer page.
Company Research and Analysis Report FISCO Ltd. http://www.fisco.co.jp 伪伪 An emerging real estate investment and development company that is moving to the next growth stage by developing inbound demand
More informationFor informational purposes only. The Japanese press release should be referred to as the original.
For informational purposes only. The Japanese press release should be referred to as the original. To All Concerned Parties May 18, 2016 REIT Issuer: LaSalle LOGIPORT REIT 1-1, Uchisaiwaicho 1-chome, Chiyoda-ku,
More informationNotice Concerning Acquisition of Domestic Real Estate Trust Beneficiary Right
To All Concerned Parties December 19, 2018 Real Estate Investment Trust Securities Issuer 1-1-21 Toranomon, Minato-ku, Tokyo marimo Regional Revitalization REIT, Inc. Representative: Takashi Kitagata,
More informationNotice Concerning Acquisition of Real Estate
To all concerned parties: December 19, 2018 Investment Corporation Industrial & Infrastructure Fund Investment Corporation (Tokyo Stock Exchange Company Code: 3249) Representative: Yasuyuki Kuratsu, Executive
More informationNotice Concerning Renovation Plan of Kyoto Family, Kyoto Prefecture
Japan Retail Fund Investment Corporation (Tokyo Stock Exchange Company Code: 8953) News Release September 10, 2010 Notice Concerning Renovation Plan of Kyoto Family, Kyoto Prefecture Japan Retail Fund
More informationNotice Concerning Acquisition of Asset (Silent Partnership Equity Interest)
September 9, 2014 For Immediate Release Real Estate Investment Trust Securities Issuer: NIPPON REIT Investment Corporation 1-17-18 Shinkawa, Chuo-ku, Tokyo Hisao Ishikawa Executive Officer (Securities
More informationSupplement Documentation for Press Release Acquisition and Disposition of the Assets dated today. May 9, 2016
Supplement Documentation for Press Release and Disposition of the Assets dated today May 9, 2016 2nd Shot of An Exchange Deal with the Sponsor Promote construction of sustainable portfolio with exchange
More informationNotice Concerning Revisions to the Forecasts for Financial Results and Distributions Per Unit ( DPU ) for the Fiscal Period Ending August 31, 2018
For informational purposes only. The Japanese press release should be referred to as the original. To All Concerned Parties February 26, 2018 REIT Issuer: LaSalle LOGIPORT REIT 8th Floor, Otemachi Nomura
More informationNotice Concerning Disposition of Investment Asset Windsor House Hiroo
March 1, 2018 For Immediate Release Advance Residence Investment Corporation (Securities Code: 3269) 1-105 Kanda-Jinbocho, Chiyoda-ku, Tokyo Kenji Kousaka, Executive Director Asset Management Company:
More informationFukuoka REIT to Conclude Agreement to Purchase New Office Building in Fukuoka
Provisional translation only March 11, 2009 Fukuoka REIT Corporation 1-2-25 Sumiyoshi, Hakata Ward, Fukuoka City Masayasu Saki CEO & Representative Director (Securities Code: 8968) Asset Management Company:
More informationNotice concerning Sale of Assets
To All Concerned Parties [For Information Purpose Only] December 26, 2017 Name of REIT Issuer: Invincible Investment Corporation Name of representative: Naoki Fukuda, Executive Director Roppongi Hills
More informationResults of Operations
JINUSHI REIT JINUSHI Business Results of Operations for the Fiscal Year Ended March 31, 2017 June 6, 2017 Securities code: 3252 (TSE/NSE, First Sections) 1. FY3/17 Financial Highlights 2. JINUSHI REIT
More informationNotice Concerning Sale of Property (Maison Ukima)
For Translation Purposes Only For Immediate Release March 29, 2019 United Urban Investment Corporation Ikuo Yoshida Executive Officer (Securities Code: 8960) Asset Management Company: Japan REIT Advisors
More informationFront Yard Residential Corporation Announces Transformative Acquisition and Reports Second Quarter 2018 Results
Front Yard Residential Corporation Announces Transformative Acquisition and Reports Second Quarter 2018 Results August 9, 2018 CHRISTIANSTED, U.S. Virgin Islands, Aug. 09, 2018 (GLOBE NEWSWIRE) -- Front
More informationTranslation for Reference Purposes Only
February 22, 2012 For Immediate Release 6-8-7 Ginza, Chuo-ku, Tokyo Frontier Real Estate Investment Corporation Hirohiko Kamei, Executive Director (Securities Code: 8964) Asset Management Company: Mitsui
More informationNotice Concerning Obtainment of Preferential Negotiation Right for Acquisition of Residential Properties
TRANSLATION March 29, 2013 Real Estate Investment Trust Securities Issuer Sekisui House SI Investment Corporation 2-12 Kojimachi, Chiyoda-ku, Tokyo Representative: Junichi Inoue, Executive Director (Securities
More informationPresentation for Property Conference Tokyo 2018
Presentation for Property Conference Tokyo TSE Code : 8963 ember 6, Disclaimer This material is prepared for Property Conference Tokyo by SMBC Nikko Securities Inc. on ember 6,. This material is for informational
More informationAchieved record annual revenues of $110.0 million for 2018, representing an increase of 5.8%
Clipper Realty Inc. Announces Fourth Quarter and Full-Year 2018 Results Reports Record Annual Revenues, Record Annual Income from Operations and Record Quarterly and Annual Adjusted Funds from Operations
More informationFOR IMMEDIATE RELEASE CONTACT: John Bucksbaum 312/ General Growth Properties, Inc. Reports Operating Results for the Third Quarter 2005
News Release General Growth Properties, Inc. 110 North Wacker Drive Chicago, IL 60606 (312) 960-5000 FAX (312) 960-5475 FOR IMMEDIATE RELEASE CONTACT: John Bucksbaum 312/960-5005 Bernie Freibaum 312/960-5252
More informationTo All Concerned Parties
To All Concerned Parties February 27, 2006 Kenedix Realty Investment Corporation 2-6-2 Marunouchi, Chiyoda-ku, Tokyo Taisuke Miyajima, Executive Director (Securities Code: 8972) Inquiries: Kenedix REIT
More informationJAPAN PRIME REALTY INVESTMENT CORPORATION
J-PRIME 27th JAPAN PRIME REALTY INVESTMENT CORPORATION (8955) Presentation Material for the 27th Fiscal Ended June 2015 August 20, 2015 (Asset Manager) Tokyo Realty Investment Management, Inc. Table of
More informationWP Glimcher Reports Second Quarter 2016 Results
NEWS RELEASE WP Glimcher Reports Second Quarter 2016 Results COLUMBUS, OH August 3, 2016 WP Glimcher Inc. (NYSE: WPG) today reported financial and operating results for the second quarter ended June 30,
More informationNotice Concerning Acquisition of Asset (Silent Partnership Equity Interest)
December 24, 2014 For Immediate Release Real Estate Investment Trust Securities Issuer: NIPPON REIT Investment Corporation 1-17-18 Shinkawa, Chuo-ku, Tokyo Hisao Ishikawa Executive Officer (Securities
More informationNotice Concerning Acquisition of Asset (TMK Preferred Securities)
December 16, 2014 For Immediate Release Real Estate Investment Trust Securities Issuer: NIPPON REIT Investment Corporation 1-17-18 Shinkawa, Chuo-ku, Tokyo Hisao Ishikawa Executive Officer (Securities
More informationSupplement Documentation for Press Release Acquisition and Disposition of the Assets dated today. March 21, 2017
Supplement Documentation for Press Release Acquisition and Disposition of the Assets dated today March 21, 2017 Exchange deal with The Sponsor Along with acquiring prime developed by the sponsor, selling
More informationFukuoka REIT to Conclude Agreement to Purchase a New Residential Building and a Hotel
Provisional translation only February 8, 2013 Fukuoka REIT Corporation 1-2-25 Sumiyoshi, Hakata Ward, Fukuoka City Masayasu Saki CEO & Representative Director (Securities Code: 8968) Asset Management Company:
More informationNotice Concerning Disposition of Investment Asset <<Maison Yachiyodai>>
March 18, 2016 For Immediate Release Advance Residence Investment Corporation (Securities Code: 3269) 1-105 Kanda-Jinbocho, Chiyoda-ku, Tokyo Kenji Kousaka, Executive Director Notice Concerning Disposition
More informationFront Yard Residential Corporation Reports Third Quarter 2018 Results
Front Yard Residential Corporation Reports Third Quarter 2018 Results November 7, 2018 CHRISTIANSTED, U.S. Virgin Islands, Nov. 07, 2018 (GLOBE NEWSWIRE) -- Front Yard Residential Corporation ( Front Yard
More informationSUMMARY OF FINANCIAL REPORT FOR THE FISCAL PERIOD ENDED NOVEMBER 30, 2017 (June 1, 2017 November 30, 2017)
For Translation Purposes Only January 16, 2018 SUMMARY OF FINANCIAL REPORT FOR THE FISCAL PERIOD ENDED NOVEMBER 30, 2017 (June 1, 2017 November 30, 2017) Name of issuer: United Urban Investment Corporation
More informationMay 10, 2016 Halifax, Nova Scotia KILLAM APARTMENT REIT ANNOUNCES 20% INCREASE IN FFO PER UNIT IN Q1 2016
May 10, 2016 Halifax, Nova Scotia KILLAM APARTMENT REIT ANNOUNCES 20% INCREASE IN FFO PER UNIT IN Q1 2016 Killam Apartment REIT (TSX: KMP.UN) ("Killam") is pleased to report its Q1 2016 results, including
More informationSTAG INDUSTRIAL ANNOUNCES SECOND QUARTER 2018 RESULTS
STAG INDUSTRIAL ANNOUNCES SECOND QUARTER 2018 RESULTS Boston, MA July 31, 2018 - STAG Industrial, Inc. (the Company ) (NYSE:STAG), today announced its financial and operating results for the quarter ended
More informationNotice Concerning Disposition of Domestic Trust Beneficiary Right (Confomall Sapporo)
To All Concerned Parties 8 June 08 REIT Securities Issuer 3-8- Kudan Minami, Chiyoda-ku, Tokyo Sakura Sogo REIT Investment Corporation Representative Makoto Muranaka, Executive Director: (Securities Code
More informationNotice concerning Sale of Assets
To All Concerned Parties [For Information Purpose Only] December 21, 2017 Name of REIT Issuer: Invincible Investment Corporation Name of representative: Naoki Fukuda, Executive Director Roppongi Hills
More informationNotice Concerning Completion of Asset Acquisition
For Translation Purposes Only For Immediate Release September 30, 2014 Issuer of real estate investment trust securities: Invesco Office J-REIT, Inc. 6-10-1, Roppongi, Minato-ku Tokyo Yoshifumi Matsumoto,
More informationNotice Concerning Property Disposition
[For Translation Purposes Only] For Immediate Release To Whom It May Concern January 15, 2019 Notice Concerning Property Disposition Nomura Real Estate Master Fund, Inc. Securities Code: 3462 Shuhei Yoshida,
More informationFebruary 2017 (30 th ) Period Results. reit.com/english/ JAPAN RETAIL FUND INVESTMENT CORPORATION. Security code US ADR (OTC): JNRFY
February 2017 (30 th ) Period Results JAPAN RETAIL FUND INVESTMENT CORPORATION http://www.jrf reit.com/english/ Security code 8953 US ADR (OTC): JNRFY JAPAN RETAIL FUND Contents 1. Portfolio Strategy and
More informationNotice on Property Acquisition
Provisional translation only February 7, 2011 To all concerned parties Real Estate Investment Trust Unit Issuer: Fukuoka REIT Corporation 1-2-25 Sumiyoshi, Hakata Ward, Fukuoka City Masayasu Saki CEO &
More informationSenior Housing Properties Trust Announces Fourth Quarter and Year End 2017 Results
Senior Housing Properties Trust NEWS RELEASE Senior Housing Properties Trust Announces Fourth Quarter and Year End 2017 Results 2/27/2018 NEWTON, Mass.--(BUSINESS WIRE)-- Senior Housing Properties Trust
More informationAcquisition of Asset (Contract to be Concluded)-SHIBUYA FLAG
April 11, 2013 Press Release Issuer of Real Estate Investment Trust Securities MORI TRUST Sogo Reit, Inc. 2-11-7 Akasaka, Minato-ku, Tokyo Satoshi Horino, Executive Director (TSE code 8961) Asset Management
More informationNotice Concerning Acquisition of a Trust Beneficiary Right in the Real Estate in Japan (G-Bldg. Minami Aoyama 03)
To all concerned parties: October 17, 2018 Investment Corporation Japan Retail Fund Investment Corporation (Tokyo Stock Exchange Company Code: 8953) Representative: Shuichi Namba, Executive Director URL:
More informationNotice Concerning Property Acquisition
[For Translation Purposes Only] April 25, 2017 Nomura Real Estate Master Fund, Inc. Securities Code: 3462 Satoshi Yanagita, Executive Director Asset Management Company: Nomura Real Estate Asset Management
More informationPS Business Parks, Inc. Reports Results for the Quarter Ended March 31, 2017
News Release PS Business Parks, Inc. 701 Western Avenue Glendale, CA 91201-2349 psbusinessparks.com For Release: Immediately Date: April 25, 2017 Contact: Edward A. Stokx (818) 244-8080, Ext. 1649 PS Business
More informationSECURITIES AND EXCHANGE COMMISSION. Washington, D.C FORM 8-K CURRENT REPORT
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported):
More informationGeneral Manager, Treasury & Planning Department, REIT Division TEL: 03(5425)2704
(REIT) Financial Report for the Fiscal Period Ended April 30, 2015 June 19, 2015 REIT Securities Issuer: Tosei Reit Investment Corporation Stock Exchange Listing: Tokyo Stock Exchange Securities Code:
More informationJapan Retail Fund Investment Corporation (Tokyo Stock Exchange Company Code: 8953) News Release March 25, 2014
Japan Retail Fund Investment Corporation (Tokyo Stock Exchange Company Code: 8953) News Release March 25, 2014 Japan Retail Fund Investment Corporation to Acquire Property in Shibuyaku, Tokyo The Japan
More informationJAPAN RETAIL FUND. Period Results 33 rd period: March 1, 2018 ~ August 31, Japan Retail Fund Investment Corporation. August 2018( 33 rd )
Security code 8953 US ADR(OTC):JNRFY JAPAN RETAIL FUND Japan Retail Fund Investment Corporation http://www.jrf-reit.com/ August 2018( 33 rd ) Period Results 33 rd period: March 1, 2018 ~ August 31, 2018
More informationGeneral Manager, Treasury & Planning Department, REIT Division TEL:
(REIT) Financial Report for the Fiscal Period Ended October 31, 2015 December 17, 2015 REIT Securities Issuer: Tosei Reit Investment Corporation Stock Exchange Listing: Tokyo Stock Exchange Securities
More informationScheduled Acquisition of Asset Ito-Yokado Shin-Urayasu
Press Release Tokyo, July 27, 2004 MORI TRUST Sogo Reit, Inc. Masaki Murata Executive Director (TSE code 8961) Contact: MORI TRUST Asset Management Co., Ltd. Masashi Kotake Director Phone: +81-3-5511-2461
More informationInterim Results for the six months ended 30 June 2012
Interim Results for the six months ended 30 June 2012 Disclaimer This document has been prepared by ARA Asset Management (Prosperity) Limited, in its capacity as the manager ( REIT Manager ) of Prosperity
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 10-Q
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ý QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended
More informationGeneral Growth Properties, Inc.
General Growth Properties, Inc. Supplemental Financial Information For the Three and Nine Months Ended September 30, 2009 This presentation contains forward-looking statements. Actual results may differ
More informationDefinitions. CPI is a lease in which base rent is adjusted based on changes in a consumer price index.
Annualized Rental Income is rental revenue under our leases on Operating Properties on a straight-line basis, which includes the effect of rent escalations and any tenant concessions, such as free rent,
More informationNotice Concerning Renovation Plan and Changing Tenant of Ito Yokado Narumi, Aichi Prefecture
Japan Retail Fund Investment Corporation (Tokyo Stock Exchange Company Code: 8953) News Release July 13, 2010 Notice Concerning Renovation Plan and Changing Tenant of Ito Yokado Narumi, Aichi Prefecture
More informationNotice Concerning Acquisition of Real Estate in Japan
To all concerned parties: July 4, 2018 Investment Corporation Japan Retail Fund Investment Corporation (Tokyo Stock Exchange Company Code: 8953) Representative: Shuichi Namba, Executive Director URL: http://www.jrf-reit.com/english/
More informationRESI Update 4 th Quarter 2016
RESI Update 4 th Quarter 2016 Supplemental Investor Information George Ellison, CEO Robin Lowe, CFO 2017 Altisource Residential Corporation. All rights reserved. Forward Looking Statements This presentation
More informationSAUL CENTERS, INC Wisconsin Avenue, Suite 1500, Bethesda, Maryland (301)
May 3, 2018, Bethesda, MD. SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500, Bethesda, Maryland 20814-6522 (301) 986-6200 Saul Centers, Inc. Reports First Quarter 2018 Earnings Saul Centers, Inc. (NYSE:
More informationINVESTOR PRESENTATION. September 2011
INVESTOR PRESENTATION September 2011 Disclaimer This document does not constitute or form part of and should not be construed as, an offer to sell or issue or the solicitation of an offer to buy or acquire
More informationNotice Concerning Acquisition of Property (the b roppongi)
For Translation Purposes Only For Immediate Release April 30, 2014 United Urban Investment Corporation Hitoshi Murakami Executive Officer (Securities Code: 8960) Asset Management Company: Japan REIT Advisors
More informationNotice Concerning Acquisition of Property (GRAN FONTE)
For Translation Purposes Only For Immediate Release March 29, 2019 United Urban Investment Corporation Ikuo Yoshida Executive Officer (Securities Code: 8960) Asset Management Company: Japan REIT Advisors
More informationNotice Concerning Acquisition of a Trust Beneficiary Right in the Real Estate in Japan (G-Bldg. Jingumae 08)
To all concerned parties: December 19, 2018 Investment Corporation Japan Retail Fund Investment Corporation (Tokyo Stock Exchange Company Code: 8953) Representative: Shuichi Namba, Executive Director URL:
More information31st Fiscal Period JAPAN PRIME REALTY INVESTMENT CORPORATION. Presentation Material For the 31st Fiscal Period Ended June 2017.
8955 31st Fiscal Period JAPAN PRIME REALTY INVESTMENT CORPORATION Presentation Material For the 31st Fiscal Period Ended June 2017 August 21, 2017 (Asset Manager) Tokyo Realty Investment Management, Inc.
More informationPRIMARIS RETAIL REIT Announces Third Quarter Results
PRIMARIS RETAIL REIT Announces Third Quarter Results Toronto (Ontario) November 8, 2011 Primaris Retail REIT (TSX:PMZ.UN) is pleased to report positive operating results for the third quarter of 2011.
More informationSAUL CENTERS, INC Wisconsin Avenue, Suite 1500, Bethesda, Maryland (301)
SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500, Bethesda, Maryland 20814-6522 (301) 986-6200 Saul Centers, Inc. Reports Third Quarter 2017 Earnings November 2, 2017, Bethesda, MD. Saul Centers, Inc.
More informationSUMMARY OF FINANCIAL REPORT FOR THE FISCAL PERIOD ENDED NOVEMBER 30, 2015 (June 1, 2015 November 30, 2015)
For Translation Purposes Only January 15, 2016 SUMMARY OF FINANCIAL REPORT FOR THE FISCAL PERIOD ENDED NOVEMBER 30, 2015 (June 1, 2015 November 30, 2015) Name of issuer: United Urban Investment Corporation
More informationNotice of Asset Acquisition. Fukuoka REIT Corporation hereby informs you of our decision to acquire the following assets. Kamizono 1-chome, 2,400
Provisional translation only August 17, 2006 Fukuoka REIT Corporation 1-2-25 Sumiyoshi, Hakata Ward, Fukuoka City Masayasu Saki Chief Executive Officer (Securities Code: 8968) Inquiries: Fukuoka Realty
More informationTop REIT, Inc. ( Top REIT ) hereby announces acquisition of the following properties. Method of Settlement Lump-sum payment on the date of acquisition
Referential Translation March 12, 2008 Top REIT Inc. 1-13-1 Nihonbashi, Chuo-ku, Tokyo Executive Officer: Nobuhito Endo (Securities Code: 8982) Asset Manager of Investment Trust: Top REIT Asset Management
More informationNotice of Acquisition of Asset (TK Shinbashi Building)
FOR IMMEDIATE RELEASE April 16, 2013 Activia Properties Inc. 16-3 Dogenzaka 1-chome, Shibuya-ku, Tokyo Haruki Sakane Executive Director (Code: 3279) Asset Management Company TLC Activia Investment Management
More informationClipper Realty Inc. Announces Third Quarter 2018 Results Reports Record Revenues, Income From Operations and Adjusted Funds From Operations
Clipper Realty Inc. Announces Third Quarter 2018 Results Reports Record Revenues, Income From Operations and Adjusted Funds From Operations NEW YORK, November 1, 2018 /Business Wire/ -- Clipper Realty
More informationNotice Concerning Renewal Plan at Nara Family
Japan Retail Fund Investment Corporation (Tokyo Stock Exchange Company Code: 8953) News Release October 14, 2015 Notice Concerning Renewal Plan at Nara Family Mitsubishi Corp. UBS Realty Inc., the asset
More informationNotice Concerning Acquisition of Property (ACTIOLE minami ikebukuro)
Translation Purpose Only For Immediate Release September 25, 2007 United Urban Investment Corporation Yasuhiro Tanaka Executive Officer (Securities Code: 8960) Asset Management Company: Japan REIT Advisors
More informationNotification on Acquisition of Pacific Residence Nihonbashibakurocho
April 27, 2006 For Immediate Release Nippon Residential Investment Corporation 2-11-1 Nagata-cho Chiyoda-ku, Tokyo Akira Yamanouchi Chief Executive Officer (Securities Code: 8962) Inquiries: Pacific Investment
More informationReal Estate Development Projects
Last updated: June 2, 2014 Real Estate Development Projects 1. Overview of target products Securitization of real estate development projects is a type of future flow securitization that relies on cash
More informationNotice Concerning Acquisition and Leasing of Property (Irise Komae Bettei)
This translation of the original Japanese notice is provided solely for information purposes. Should there be any discrepancy between this translation and the Japanese original, the latter shall prevail.
More informationNotice Concerning Acquisition of Property (Loisir Hotel Spa Tower Naha)
For Translation Purposes Only For Immediate Release January 22, 2016 United Urban Investment Corporation Hitoshi Murakami Executive Officer (Securities Code: 8960) Asset Management Company: Japan REIT
More informationNotice of Acquisition of Real Estate Property in Japan. Shinkawa Chuo Building
Translation of Japanese Original To All Concerned Parties March 8, 2012 Investment Corporation: Top REIT Inc. 1-13-1 Nihonbashi, Chuo-Ward, Tokyo Executive Officer:Jumpei Norimatsu (Securities Code : 8982)
More informationCost Segregation Instructor Teaching Schedule (3-Hour)
Time Topic Pages Student Objectives 8:30-8:35 Course introduction Page 2 What is cost segregation? Objective of cost segregation: to increase cash flow Benefit of cost segregation Learning objectives Page
More informationNotice Concerning Acquisition of Asset (Silent Partnership Equity Interest)
For Immediate Release November 28, 2018 Real Estate Investment Trust Securities Issuer Star Asia Investment Corporation Representative: Atsushi Kato, Executive Director (Code: 3468) Asset Management Company
More informationHeiwa Real Estate Co., Ltd.
To the Shareholders of Heiwa Real Estate Co., Ltd. INFORMATION DISCLOSED ON THE INTERNET UPON ISSUING NOTICE CONCERNING THE CONVOCATION OF THE 94th ORDINARY GENERAL SHAREHOLDERS MEETING THE 94th FISCAL
More informationOctober 30, For Translation Purposes Only
October 30, 2013 For Translation Purposes Only Real Estate Investment Fund Issuer: Mori Hills REIT Investment Corporation (Securities Code: 3234) 1-8-7 Roppongi, Minato-ku, Tokyo Hideyuki Isobe, Executive
More informationGlendale, California - PS Business Parks, Inc. (AMEX: PSB), reported operating results for the fourth quarter and the year ending December 31, 2001.
News Release PS Business Parks, Inc. 701 Western Avenue P.O. Box 25050 Glendale, CA 91221-5050 www.psbusinessparks.com For Release: Immediately Date: January 30, 2002 Contact: Mr. Jack Corrigan (818) 244-8080,
More informationNippon Prologis REIT Announces Acquisition of Domestic Real Estate Trust Beneficiary Interests and Lease Contract with New Tenants
FOR IMMEDIATE RELEASE Feb. 26, 2018 Nippon Prologis REIT Announces Acquisition of Domestic Real Estate Trust Beneficiary Interests and Lease Contract with New Tenants Prologis REIT Management K.K. (the
More informationHighwoods Reports Third Quarter 2017 Results
FOR IMMEDIATE RELEASE Ref: 17-20 Contact: Brendan Maiorana Senior Vice President, Finance and Investor Relations 919-431-1529 Highwoods Reports Third Quarter 2017 Results $0.55 Net Income per Share $0.86
More informationRatio of net income to equity
Summary of Financial Results for the Fiscal Period Ended August 2014 (REIT) October 15, 2014 REIT Issuer: SIA REIT, Inc. Stock Exchange Listing: Stock Exchange Securities Code: 3290 URL: http://www.sia-reit.com/en/
More information17th Fiscal Period Financial Report (REIT) November 7, 2014
17th Fiscal Period Financial Report (REIT) November 7, 2014 REIT Issuer: Japan Rental Housing Investments Inc. Stock Exchange Listing: Tokyo Stock Exchange Securities Code: 8986 URL: http://www.jrhi.co.jp/en
More informationSAUL CENTERS, INC Wisconsin Avenue, Suite 1500, Bethesda, Maryland (301)
SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500, Bethesda, Maryland 20814-6522 (301) 986-6200 October 29, 2015, Bethesda, MD. Saul Centers, Inc. Reports Third Quarter 2015 Earnings Saul Centers, Inc.
More informationHighwoods Reports Third Quarter 2018 Results
FOR IMMEDIATE RELEASE Ref: 18-18 Contact: Brendan Maiorana Senior Vice President, Finance and Investor Relations 919-431-1529 Highwoods Reports Third Quarter 2018 Results $0.32 Net Income per Share $0.86
More informationNotice Concerning Planned Purchase the Hotel Okura Kobe
Press Release Tokyo, August 31, 2006 MORI TRUST Sogo Reit, Inc. 1-25-5 Toranomon, Minato-ku, Tokyo Masaki Murata Executive Director (TSE code 8961) Contact: MORI TRUST Asset Management Co., Ltd. Hajime
More informationHighwoods Reports Second Quarter 2018 Results
FOR IMMEDIATE RELEASE Ref: 18-14 Contact: Brendan Maiorana Senior Vice President, Finance and Investor Relations 919-431-1529 Highwoods Reports Second Quarter 2018 Results $0.49 Net Income per Share $0.87
More informationSteady Growth & Sustainable Profit.
Steady Growth & Sustainable Profit http://www.heiwa-re.co.jp/ These materials have been prepared for the sole purpose of providing information and are not intended for soliciting, encouraging, or marketing
More informationAnnouncement of Partial Disposal of Domestic Property
For Immediate Release September 26, 2018 Japan Real Estate Investment Corporation Hiroshi Nakajima, Executive Director (TSE code: 8952) Japan Real Estate
More information