Financial Results Presentation for the 16th Fiscal Period Ended November 2019

	Financial Results Presentation for the 16th Fiscal Period Ended November 2019
	Index
	1. Management Highlights Management Highlights of 16th Period Ended November 2019 ~Outcome of Growth 　Strategy~
	2. Growth Strategy Specific Plans to Approach toward Growth ~From 16th Period ended 　Nov.2019 onwards~
	3. Progress for Early Achievement of Stabilized DPU of ¥10,000 ~Accelerate target 　achievement timing by 　1 year~
	4. Internal Growth in Office Status of Rent Revision and Tenant Replacement in Tokyo Office Properties
	5. Internal Growth in Retail Properties Competitivity of Retail Properties in Prime Location ~Contermeasures after 　leaving of American 　 Eagle Outfitters~
	6. External Growth Strategy not prioritizing Expansion of Asset Size ~Ongoing Asset 　Replacement Strategy~
	7. Financial Strategy LTV Management responding to External Growth Strategy and Continual Reduction of Debt Cost Solid Financial Formation
	８.Results/Forecasts Financial Results: Statement of Income ~16th Period ended 　November 2019~
	９. Initiatives for ESG Governance
	10. Distribution of Unitholders
	Disclaimer

Page 16 and 17 show financial management status.

LTV as of the end of November 2019 stood at 45.5% and we assume LTV will be 45.6% after the asset replacement.
It has been still managed between 40% to 50%, a standard LTV range but we do not have an intention to raise LTV further and would like to control LTV through one to two years operation.

Please refer to the bottom.
From the period ended May 2017, we have lowered average interest rate along with maintaining average period remaining to maturity, and average interest rate and average period remaining to maturity for the period ended November 2019 stood at 4.7 years and 0.57%, respectively.