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
	８.Results/Forecasts Financial Results: Statement of Income ~16th Period ended 　November 2019~
	９. Initiatives for ESG Governance
	10. Distribution of Unitholders
	Disclaimer

Lastly, let me refer to the situation of our unitholders at the end of the period ended November 2019.
The number of unitholders was 6,914, decreased from that of the previous period by 766, the large portion of which belongs to “individuals and others”.

We successfully announced our earnings for the period ended November 2019, thanks to the support from all of you for seven and a half years since IPO. We sincerely appreciate your continued support.

The environment surrounding J-REITs are rapidly changing.
For sound and confident management, API continues its operation based on the strategies explained this time and other policies.

Thank you.