Financial Results Presentation for the 15th Fiscal Period Ended May 2019 - July 2019

	Financial Results Presentation for the 15th Fiscal Period Ended May 2019 - July 2019
	index
	1.Growth Strategy：Management Highlights and Future Growth Strategy
	2. Financial highlights and Forecasts：Statement of Income ~the 15th Period Ended May 2019~
	3. Change in Management Fee Structure
	4. Internal Growth, External Growth, and Financial Strategies ~Management of Tokyo Office Properties 1~ Internal Growth ~Management of Tokyo Office Properties 2~ Internal Growth ~Management of Activia Account Properties (Office)~ Internal Growth ~Management of Retail Properties 1~ Internal Growth ～Management of Retail Properties 2～ Internal Growth ~Management of Retail Properties 3~ External Growth ~External Growth Strategy for Enhancement of Unitholder Value~ Asset Mix Strategy ~Retail properties × Office properties~ Financial Strategies ~Financial Management Status 1~ Financial Strategies ~Financial Management Status 2~
	5. ESG and others：Establishment of Sustainability Policy
	Disclaimer

Page 20 and 21 show financial management status.

With LTV recently hovered around 45%, LTV as of the end of May 2019 stood at 45.6%.
A capacity for acquisition at LTV 50% is ¥45.7 billion which secures room for flexible property acquisition.

Please refer to the bottom.
From the period ended May 2017, we have lowered average interest rate along with maintaining average period remaining to maturity, and average interest rate and average period remaining to maturity based on recent estimation stand at 4.8 years and 0.57%, respectively.

Also fixed interest rate ratio and long-term borrowing ratio are both maintained at high ratio, at 91% and 96%, respectively. We believe our financial base is stable and solid.