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Historical Data

Operating Revenues Operating Income
Net Income Distribution per Unit
Total Assets Unitholders’ Equity Ratio Unitholders’ Equity
Interest-Bearing Debt Ratio Interest-Bearing Debt Occupancy Ratio yen
Fiscal Period Unit 6th Period ended
April
2008
7th Period ended
October
2008
8th Period ended
April
2009
9th Period ended
October
2009
10th Period ended
April
2010
11th Period ended
October
2010
12th Period ended
April
2011
Operating revenues mn yen 8,582 8,456 8,204 7,921 8,067 8,358 8,136
Rental revenues mn yen 7,630 8,156 8,204 7,921 8,067 8,242 8,136
Operating expenses mn yen 4,517 4,311 4,740 4,708 4,329 4,522 4,427
Property-related expenses mn yen 3,447 3,678 3,603 3,652 3,714 3,817 3,767
Operating income mn yen 4,065 4,144 3,463 3,213 3,738 3,835 3,709
Ordinary income mn yen 3,343 3,124 2,435 2,103 2,568 2,608 2,346
Net income (a) mn yen 3,342 3,123 2,434 2,102 2,567 2,607 2,309
Total assets (b) mn yen 230,520 239,648 238,745 236,320 251,566 251,080 261,928
Interest-bearing debt (c) mn yen 89,750 98,750 98,750 97,220 102,968 102,567 112,715
Unitholders' equity (d) mn yen 128,314 128,087 127,398 127,067 135,689 135,732 135,505
Unitholders' capital mn yen 124,973 124,973 124,973 124,973 133,129 133,129 133,129
Number of investment units outstanding (e) unit 200,000 200,000 200,000 200,000 233,550 233,550 233,550
Unitholders' equity per unit (d)/(e) yen 641,570 640,437 636,990 635,335 580,987 581,170 580,199
Total distribution (f) mn yen 3,342 3,123 2,434 2,102 2,567 2,541 2,310
Distribution per unit (f)/(e) yen 16,711 15,618 12,172 10,511 10,993 10,881 9,891
Earnings distribution per unit yen 16,711 15,618 12,172 10,511 10,993 10,881 9,891
Distribution in excess of earnings per unit yen - - - - - - -
Return on assets
(annualized)
(Note 1) (Note 2)
% 1.5 (3.0) 1.3 (2.6) 1.0 (2.1) 0.9 (1.8) 1.1 (2.1) 1.0 (2.1) 0.9 (1.8)
Return on unitholders' equity
(annualized)
(Note 2)(Note 3)
% 2.6 (5.2) 2.4 (4.8) 1.9 (3.8) 1.7 (3.3) 2.0 (3.9) 1.9 (3.8) 1.7 (3.4)
Ratio of unitholders' equity at end of period (d)/(b) % 55.7 53.4 53.4 53.8 53.9 54.1 51.7
Ratio of interest-bearing debt at end of period (c)/(b) % 38.9 41.2 41.4 41.1 40.9 40.9 43.0
Payout ratio
(Note 4)(f)/(a)
% 99.9 99.9 100.0 100.0 99.9 97.4 100.0
Other reference
Number of properties
(Note 5)
Properties 68 69 67 65 70 67 71
Total leasable floor area m2 248,625.52 256,214.30 250,364.42 254,225.04 271,260.81 267,737.33 286,237.93
Occupancy at end of period % 95.9 95.6 95.7 94.7 94.4 93.6 94.6
Depreciation expenses for the period mn yen 1,430 1,445 1,429 1,451 1,477 1,440 1,406
Capital expenditure for the period mn yen 1,152 1,105 891 400 330 312 574
Leasing NOI (net operating income) (Note 6) mn yen 5,612 5,923 6,030 5,721 5,830 5,864 5,776
FFO (funds from operation) (Note 7) mn yen 4,259 4,269 4,356 3,994 4,044 3,995 3,716
FFO per unit
(Note 8)
yen 21,297 21,345 21,780 19,973 17,318 17,106 15,914
Notes:
1.  Return on assets = Ordinary income / (Total assets at the beginning of period + Total assets at the end of period) / 2 × 100
2.  Annualized values for the sixth fiscal period are calculated based upon a period of 182 days, 184 days for the seventh fiscal piriod, 181 days for the eighth fiscal period, 184 days for the ninth fiscal period, 181 days for the tenth fiscal period, 184 days for the eleventh fiscal period and 181 days for the 12th fiscal period.
3.  Return on net assets = Net income / (Total net assets at the beginning of period + Total net assets at the end of period) / 2 × 100
4.  Payout ratio is rounded down to the first decimal place.
5.  Starting from disclosures pertaining to the eleventh fiscal period, A-47 KDX Shin-Yokohama 381 Building (existing tower) and A-65 KDX Shin-Yokohama 381 Building Annex Tower are indicated collectively as one property.
6.  Leasing NOI = Rental revenues - Rental expenses + Depreciation expenses for the period
7.  FFO = Net income + Depreciation expenses for the period - Profit on sale of trust beneficiary interests in real estate or real estate + Loss on sale of real estate.
8.  FFO per unit = FFO / Number of investment units issued and outstanding (rounded down to the nearest yen)

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