Portfolio Data

As of August 2020 (37th Fiscal Period)

This table can be scrolled sideways.

Leasable Area  2,336,391.47m²
Total Assets
(mn Yen)
903,461
Number of Tenants
Number of contracts
 984
Total Book Value (I)
(mn Yen)
836,003
Occupancy Ratio
Simple average
99.7%
Total Appraisal Value (II)
(mn Yen)
997,160 
NOI Yield  4.6%
Difference (II-I)*
(mn Yen)
161,157 
* The difference between the total appraisal value and total book value is calculated by simple subtraction in millions.

Portfolio Diversification(based on 102 properties as of Aug. 31, 2020)

By Region (based on appraisal value)

Greater Tokyo Metropolitan Area:55

Osaka,Nagoya and Surrounding Area:35

Other Major Cities:12

Region: No. of properties Appraisal Value (mn Yen)
Greater Tokyo Metropolitan Area:55 515,720 51.7%
Osaka,Nagoya and Surrounding Area:35 379,800 38.1%
Other Major Cities:12 101,640 10.2%
Total 997,160 100%

By Scale (based on appraisal value)

mozo wonder city

Higashi-Totsuka Aurora City

G-Bldg. Shinsaibashi 03

KAWASAKI Le FRONT

Nara Family

Others

Property name Appraisal Value (mn Yen)
mozo wonder city 64,200 6.4%
Higashi-Totsuka Aurora City 43,400 4.4%
G-Bldg. Shinsaibashi 03 41,300 4.1%
KAWASAKI Le FRONT 39,000 3.9%
Nara Family 38,700 3.9%
Others 770,560 77.3%
Total 997,160 100%

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): 48

Major Station (Core): 13

Residential Station (Core): 22

Scondary core: 7

Sub: 12

Asset type: No. of properties Appraisal Value
(mn Yen)
Prime (Core): 48 386,810 38.8%
Major Station (Core): 13 138,730 13.9%
Residential Station (Core): 22 236,270 23.7%
Scondary core: 7 117,790 11.8%
Sub: 12 117,560 11.8%
Total 997,160 100%

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 21.8%
Ito-Yokado ML (*2) 2,167 4.1%
AEON DL (*2) 1,926 3.7%
Round 1 1,711 3.2%
Yamada Denki 1,616 3.1%
Others 33,810 64.1%
Total 52,754 100%

*1
Calculated based on effective lease contracts as of end of Aug. 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) 46,724 88.6%
Minimum guaranteed rent (*2) 4,237 8.0%
Revenue-based rent 1,792 3.4%
Total 52,754 100%

*1
Calculated based on effective lease contracts as of end of Aug. 2020.
*2
As “Fixed rent” and “Minimum guaranteed rent” are essentially synonymous, the fixed rent ratio including the minimum guaranteed rent is 96.6% as of the end of Aug. 2020.

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 35,296 66.9%
Ordinary building (land) lease contract 17,458 33.1%
Total 52,754 100%

*1
Calculated based on effective lease contracts as of end of Aug. 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 17,133 32.5%
2 years or more but less than 10 years 28,173 53.4%
10 years or more 7,447 14.1%
Total 52,754 100%

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