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Page 6 introduces the balance sheet at the end of the 11th period.
Total assets at the end of the 11th period were ¥425.9 billion, total liabilities were ¥217.5 billion, and total net assets were ¥208.4 billion.
Major factors contributing to these changes include the acquisition of five properties in the 11th period, the fourth PO and new borrowings.
Furthermore, unrealized gains in the portfolio increased to ¥63.7 billion, up ¥9.4 billion from the end of the previous period, and LTV stood at 46.0%, down 1.7 pts from the end of the previous period.
Please turn to the next page.
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