| |  |
| 
| | 
| |
This page shows the highlights for the period ended May 2019 and onwards.
Please see the left side.
Distributions per unit for the period ended May 2019 reached ¥10,017, increasing ¥433 from those of the previous period. Furthermore, NAV per unit was ¥451,012, up by ¥13,710 from the previous period. Through such continual growth in DPU and NAV, we have achieved growth in unitholder’s value.
Regarding internal growth, rent increase in office properties have reached over ¥10 million per month and as to external growth, through the PO conducted in December 2018, we have further enhanced the stability of our portfolio.
In addition, regarding financial strategy, based on a solid bank formation, we have achieved extending average period remaining to maturity and lowering average interest rate. Further, through the first issuance of Green Bonds, we have obtained support on our ESG initiatives from many investors.
Based on these results and taking advantage of the strengths of API, we will pursue below four strategies for the 16th period ending November 2019 and onwards.
Strategy one: pursue internal growth mainly in office properties as a DPU growth driver
Strategy two: support DPU growth speed by external growth adapted to external environment
Strategy three: select the most appropriate funding method considering DPU and NAV levels as well as market environment, etc.
Strategy four: review management fee structure to strengthen incentives related to maximization of unitholder value
I will make a detailed explanation on the strategies. We will continue our operation by recognizing maximization of unitholder value and increasing growth in DPU and NAV as our most important issues.
Please proceed to the next page.
|
| |
