Financial Results Presentation for the 12th Fiscal Period (November 2017）January 2018

	The 12th Fiscal Period (November 2017）January 2018
	Index
	Highlights of the 5th PO
	Highlights of the 12th Fiscal Period (ended November 2017）and onwards
	1. Financial Highlights Financial Results for the 12th Period (ended November 2017)
	2. Financial Forecasts
	3. External Growth, Internal Growth and Financial Strategies External Growth 〜Properties acquired in the 13th Period (DECKS Tokyo Beach 1)〜 External Growth 〜Properties acquired in the 13th Period (DECKS Tokyo Beach 2)〜 ExternalGrowth 〜Properties acquired in 13th Period(A-FLAG KITA SHINSAIBASHI)〜 ExternalGrowth 〜Properties acquired in 13th Period(Commercial Mall Hakata)〜 Internal Growth 〜Management of office properties 1〜 Internal Growth 〜Management of office properties 2〜 Internal Growth 〜Management of retail properties 1〜 Internal Growth 〜Management of retail properties 2〜 Internal Growth 〜other topics〜 Occupancy Rate by Property Financial Strategies 〜Status of Financing 1〜 Financial Strategies 〜Status of financing 2〜
	4. Others
	Disclaimer

Next is our external growth.

Since listed in June 2012, we have acquired 25 properties with an asset size of ¥263.4 billion through five-times public offerings, and as of January 17, 2018, the AUM reached to ¥431.5 billion with 42 properties, for a focused investment ratio of 80.6%.

We aim to achieve further external growth through rigorous selection of investment assets with a focus on location and quality.

Next I would like to explain our properties recently acquired.

Please proceed to the next page.