Portfolio Data

As of August 2019 (35th Fiscal Period)

This table can be scrolled sideways.

Leasable Area  2,397,039.17m²
Total Assets
(mn Yen)
900,799
Number of Tenants
Number of contracts
 923
Total Book Value (I)
(mn Yen)
832,643
Occupancy Ratio
Simple average
99.1%
Total Appraisal Value (II)
(mn Yen)
994,120 
NOI Yield  4.3%
Difference (II-I)*
(mn Yen)
161,477 
* The difference between the total appraisal value and total book value is calculated by simple subtraction in millions.

Portfolio Diversification(based on 100 properties as of Aug. 31, 2019)

By Region (based on appraisal value)

Greater Tokyo Metropolitan Area:54

Osaka,Nagoya and Surrounding Area:35

Other Major Cities:11

Region: No. of properties Appraisal Value (mn Yen)
Greater Tokyo Metropolitan Area:54 514,310 51.7%
Osaka,Nagoya and Surrounding Area:35 383,510 38.6%
Other Major Cities:11 96,300 9.7%
Total 994,120 100%

By Scale (based on appraisal value)

mozo wonder city

Higashi-Totsuka Aurora City

G-Bldg. Shinsaibashi 03

Nara Family

KAWASAKI Le FRONT

Others

Property name Appraisal Value (mn Yen)
mozo wonder city 64,500 6.5%
Higashi-Totsuka Aurora City 43,300 4.4%
G-Bldg. Shinsaibashi 03 41,800 4.2%
Nara Family 39,000 3.9%
KAWASAKI Le FRONT 36,700 3.7%
Others 768,820 77.3%
Total 994,120 100%

By Asset Type (based on appraisal value)

JRF's core assets are “Prime,” “Major Station,” and “Residential Station,” with a portfolio focused on core assets. 

Prime (Core): 46

Major Station (Core): 13

Residential Station (Core): 21

Scondary core: 7

Sub: 13

Asset type: No. of properties Appraisal Value
(mn Yen)
Prime (Core): 46 380,660 38.3%
Major Station (Core): 13 136,340 13.7%
Residential Station (Core): 21 226,820 22.8%
Scondary core: 7 119,530 12.0%
Sub: 13 130,770 13.2%
Total 994,120 100%

By Tenants (based on annual rent (*1))

AEON ML (*2)

Ito-Yokado ML (*2)

AEON DL (*2)

Round 1

Yamada Denki

Others

Name of tenants Annual Rent
(mn Yen)
AEON ML (*2) 11,521 21.5%
Ito-Yokado ML (*2) 2,924 5.5%
AEON DL (*2) 2,086 3.9%
Round 1 1,711 3.2%
Yamada Denki 1,616 3.0%
Others 33,791 63.0%
Total 53,652 100%

*1
Calculated based on effective lease contracts as of end of Aug. 2019.
*2
"AEON ML" refer to those properties for which AEON Retail, AEON MALL and AEON Ryukyu are master lease tenants.
“AEON DL” refer to those properties for which AEON Retail and AEON Retail Store are direct lease tenants.
"Ito-Yokado ML" refer to those properties for which Ito-Yokado Co., Ltd. is a master lease tenan.

By Rent Structure (based on annual rent (*1))

Fixed rent (*2)

Minimum guaranteed rent (*2)

Revenue-based rent

Annual Rent
(mn Yen)
Fixed rent (*2) 47,842 89.2%
Minimum guaranteed rent (*2) 3,905 7.3%
Revenue-based rent 1,904 3.5%
Total 53,652 100%

*1
Calculated based on effective lease contracts as of end of Aug. 2019.
*2
As “Fixed rent” and “Minimum guaranteed rent” are essentially synonymous, the fixed rent ratio including the minimum guaranteed rent is 96.5% as of the end of Aug. 2019.

By Lease Contract Type (based on annual rent (*1))

Fixed-term building (land) lease contract

Ordinary building (land) lease contract

Annual Rent
(mn Yen)
Fixed-term building (land) lease contract 35,867 66.9%
Ordinary building (land) lease contract 17,784 33.1%
Total 53,652 100%

*1
Calculated based on effective lease contracts as of end of Aug. 2019.

By Remaining Lease Term (based on annual rent (*1))

Less than 2 years

2 years or more but less than 10 years

10 years or more

Annual Rent
(mn Yen)
Less than 2 years 10,829 20.2%
2 years or more but less than 10 years 35,857 66.8%
10 years or more 6,966 13.0%
Total 53,652 100%

*1
Calculated based on effective lease contracts as of end of Aug. 2019.