Growth Strategy Going Forward
Aiming to Achieve Stable Growth over the Long Term
For the 32nd fiscal period, JPR continued to generate good financial results thanks to an increase in revenues from Tokyo Square Garden, which we acquired in the 31st fiscal period, operating for the entire fiscal period, as well as a progress made in upward revision of rents upon contract renewal, among other factors.
Distribution per unit came to 7,223 yen, marking the eighth straight fiscal period with a period-on-period increase.
For the 33rd fiscal period ending June 2018, distribution per unit is forecast to be 7,220 yen, almost the same level as for the 32nd fiscal period, despite a projected increase in property taxes and city planning taxes and other expenses.
Growth in Distribution per Unit (DPU)
(Note)Distribution per unit as medium-term target is a management target set by TRIM, and there is no guarantee that the figure is achieved.
Factors That Shifted Distribution per Unit to an Upward Trend
|Quality of the Portfolio||
|Vigorously Selective Investment in Prime Properties||
|Leasing Focused on Rents||
|Strong Financial Base||