Portfolio Data

As of February 2020 (36th Fiscal Period)

This table can be scrolled sideways.

Leasable Area  2,397,265.59m²
Total Assets
(mn Yen)
899,888
Number of Tenants
Number of contracts
 938
Total Book Value (I)
(mn Yen)
826,061
Occupancy Ratio
Simple average
99.7%
Total Appraisal Value (II)
(mn Yen)
988,190 
NOI Yield  4.4%
Difference (II-I)*
(mn Yen)
162,129 
* 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 Feb. 29, 2020)

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:54 508,860 51.5%
Osaka,Nagoya and Surrounding Area:35 382,770 38.7%
Other Major Cities:11 96,560 9.8%
Total 988,190 100%

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 43,400 4.4%
G-Bldg. Shinsaibashi 03 41,900 4.2%
Nara Family 38,800 3.9%
KAWASAKI Le FRONT 36,900 3.7%
Others 762,690 77.2%
Total 988,190 100%

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): 46 382,700 38.7%
Major Station (Core): 13 136,980 13.9%
Residential Station (Core): 21 227,210 23.0%
Scondary core: 7 117,890 11.9%
Sub: 13 123,410 12.5%
Total 988,190 100%

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) 6,662 12.5%
Ito-Yokado ML (*2) 2,950 5.5%
AEON DL (*2) 5,361 10.0%
Round 1 1,711 3.2%
Yamada Denki 1,616 3.0%
Others 35,101 65.7%
Total 53,404 100%

*1
Calculated based on effective lease contracts as of end of Feb. 2020.
*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) 48,142 90.1%
Minimum guaranteed rent (*2) 3,930 7.4%
Revenue-based rent 1,331 2.5%
Total 53,404 100%

*1
Calculated based on effective lease contracts as of end of Feb. 2020.
*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 35,772 67.0%
Ordinary building (land) lease contract 17,631 33.0%
Total 53,404 100%

*1
Calculated based on effective lease contracts as of end of Feb. 2020.

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 17,603 33.0%
2 years or more but less than 10 years 29,145 54.6%
10 years or more 6,655 12.5%
Total 53,404 100%

*1
Calculated based on effective lease contracts as of end of Feb. 2020.