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

Recent borrowings and refinancing results for the period ended November 2019 were shown here.
Although an average interest rate already stands at low level, we have continued to lower average interest rate, owning to solid bank formation and issuance of green bonds.
After an asset replacement, we assume average interest rate to be 0.56%, lowered by 0.01 point from the end of November 2019.

A maturity ladder is shown in the bottom.
We have managed to level the outstanding debt and average interest rate at each period with paying attention to refinancing.

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