Financial Results Presentation for the Period ended May 2018
(the 13th Period）July 2018

	The Period ended May 2018 (the 13th Period）July 2018
	Index
	Portfolio Strategy and External & Internal Growth Cycle Strategy
	Highlights of the Period ended May 2018 (the 13th Period) and Onwards
	1. Financial Highlights
	2. External Growth, Internal Growth and Financial Strategies External Growth 2 External Growth 3 Internal Growth ～Office Properties 1～ Internal Growth ～Office Properties 2～ Internal Growth ～Retail Properties 1～ Internal Growth ～Retail Properties 2～ Internal Growth ～Various Initiatives 1～ Internal Growth ～Various Initiatives 2～ Continuous effort for ESG 1 Continuous Effort for ESG 2 Financial Strategies 1 Financial Strategies 2 Appraisal Values Trends of Appraisal Value/NAV per Unit
	3. Financial Forecasts
	4. Others
	Disclaimer

Page 16 refers to API’s governance structure.

We have established a pioneering governance structure by introducing a DPU-linked fee structure for the first time among J-REITs, and we will continue our proactive management complying with our corporate governance aiming to secure a governance structure allowing to maximize unitholders’ value.

Please proceed to the next page.

Financial Results Presentation for the Period ended May 2018(the 13th Period）July 2018

Financial Results Presentation for the Period ended May 2018
(the 13th Period）July 2018