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~ DPU summary ~the 15th Period Ended May 2019~ Financial Forecasts ~the 16th Period ending Nov. 2019 and the 17th Period ending May 2020~ DPU summary ~the 16th Period Ending Nov. 2019 and the 17th Period Ending May 2020~ Financial Results: Balance Sheet ~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~
	5. ESG and others：Establishment of Sustainability Policy
	Disclaimer

This page introduces the DPU summary for the period ended May 2019.
Please refer to the bottom graph.

DPU for the 15th period ended May 2019 reached ¥10,017 including the effect from the disposition of A-FLAG AKASAKA, and ¥9,637 as a stabilized DPU, both exceeding those of the previous period result for 11 consecutive periods, owning to a new contribution of three properties acquired in January 2019 and internal growth via tenant replacements with favorable terms and rent increase, absorbing negative impact from lopsidedly generated sales-linked rent at hotels.

Please proceed to the next page.