Fukuoka REIT Corporation

Fukuoka REIT Corporation

Last Update / Aug 03,2020

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    Financial Highlights

    ■Current Asset Size

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    (1)Financial Highlights

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    operating Income Dividend per Unit

    unit:mm yen(Figures rounded down to nearest mm yen)

      27th 28th 29th 30th 31st
    Operating revenues 8,194 9,178 9,242 9,231 9,162
    Leasing NOI (Note 1) 5,079 5,493 5,591 5,633 5,596
    Depreciation and amortization expenses 1,500 1,602 1,622 1,651 1,660
    Operating income 2,965 3,238 3,306 3,318 3,273
    Ordinary income 2,624 2,861 2,935 2,939 2,900
    Profit 2,623 2,860 2,934 2,939 2,899
    Dividend per unit (yen) 3,512 3,593 3,687 3,693 3,642
    Dividend yield (at period-end) (%)(Note 2) 4.1 4.2 4.4 4.1 4.4
    Total number of investment units outstanding (at period-end) 747,000 796,000 796,000 796,000 796,000
    Total assets (at period-end) 177,283 193,112 195,433 195,106 194,795
    Net assets (at period-end) 93,766 101,799 101,874 101,878 101,837
    Net assets per unit (yen)(at period-end) 125,524 127,888 127,982 127,987 127,937
    Net asset value per unit (yen)(at period-end) (Note 3) 159,716 164,908 167,937 170,811 170,680
    Ratio of interest-bearing debt(%) 38.9 39.1 39.7 39.7 39.8
    FFO per unit (yen) (Note 4) 5,520 5,606 5,725 5,768 5,728
    Days in fiscal period(days) 181 184 181 184 182
    Number of investment properties (at period-end) 26 28 29 29 29
    Number of tenants (at period-end) (Note 5) 879 1,003 1,011 1,020 1,007
    Total leasable floor space (m2)(Note 6) 548,564,93 576,907.98 580,665.27 580,664.27 580,662.77
    Occupancy rate (at period-end)(%) 99.6 99.6 99.7 99.6 99.7
    (Note 1) "Leasing NOI" is calculated using "Leasing business revenues - Expenses related to leasing business + Depreciation and amortization expenses".
    (Note 2) (Dividend / Days in fiscal period × 365) / Unit price (at end of each fiscal period)
    (Note 3) "Net asset value per unit" has been calculated by adding the difference between the total appraisal value indicated in the period-end appraisal reports for properties owned at end of period and the book value indicated on the balance sheets (excluding construction in progress in trust) of properties owned at end of period to the total net assets at end of period and then dividing the obtained figure by the total number of investment units outstanding.
    (Note 4) The FFO per unit is calculated by the following method.
    FFO per unit = (Profit + Loss on sale of real estate-Gain on sale of real estate + Depreciation) / Total number of investment units outstanding
    (Note 5) "Number of tenants" is based on the total number of sections stipulated in the tenancy agreements for retail and office buildings among relevant properties. For the number of tenants in pass-through master leasing properties, the number of sections stipulated in the tenancy agreements with end tenants is shown.
    (Note 6) "Total leasable floor space" indicates the figure for properties owned at end of period.
    (Note) Fukuoka REIT implemented a 5-for-1 split of its investment units with March 1, 2014 as the effective date.

    (2)Cash flow statements

    (unit:mm yen) キャッシュ・フローチャート (unit:mm yen)
      27th FP 28th FP 29th FP 30th FP 31st FP
    Net cash provided by (used in ) operating activities 4,292 4,149 4,832 4,863 3,985
    Net cash provided by (used in ) investment activities -478 -15,326 -3,604 -1,043 -220
    Net cash provided by (used in ) financial activities -3,555 11,734 -859 -2,933 -2,938
    Balance of cash and cash equivalents at end of period 7,392 7,950 8,319 9,205 10,032
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