Securities Code 3487
Financial Results Briefing for the 12th Fiscal Period
Ended June 2022 (January 1, 2022 to June 30, 2022)
LogiSquare Sayama Hidaka
The property is located approximately 0.7 km from the Sayama Hidaka Interchange on the Ken-O Expressway, and access to National Route 407 is also easy. Surrounded by numerous warehouses, factories and other facilities, the property can be operated 24 hours a day.
August 15, 2022
CRE REIT Advisers, Inc.
Contents
Contents | Glossary |
1. | Acquisition and Sale | 2 |
2. | Financial Results and Forecasts | 10 |
3. | Growth Strategies | 19 |
4. | Disclosure based on TCFD Recommendations | 32 |
5. | Characteristics of CRE Logistics REIT, Inc. | 41 |
6. | Market Environment | 52 |
7. Appendix | 60 |
Term | Definition |
Appraisal value | The appraisal value or an investigated value as of the end of the period is stated based on the |
Certificate of Incorporation of CRE REIT and the Regulation on Accountings of Investment | |
Corporations (Cabinet Office Order No.47 of 2006 including subsequent revisions) | |
Unrealized gains | (Appraisal value) - (Book value) as of the end of the period (Acquisition price in the case of newly |
acquired assets) | |
LTV | (Outstanding balance of interest-bearing debt) / (Total Assets) |
LTV based on | (Outstanding balance of interest-bearing debt) / (Total assets + Unrealized gains) |
appraisal value | |
NAV | Net assets + Unrealized gains - Total amount of distributions |
NAV per unit | (Net assets + Unrealized gains - Total amount of distributions) / Total number of investment units |
outstanding | |
Acquisition price | The purchase agreement price for each of the trust beneficiary rights stated in the sales agreement |
and does not include national and local consumption taxes or sales commission and other | |
expenses that are incurred in the acquisition | |
NOI yield | Ratio of actual NOI of the portfolio assets to their acquisition price |
Appraisal NOI yield | Ratio of the appraisal NOI of each asset (based on the relevant real estate appraisal report with |
valuation dated as of the end of the period) to the acquisition price of each asset | |
Occupancy ratio | The ratio of the leased area to the leasable area |
CRE | CRE, INC. |
CRE Group | CRE, INC. and its subsidiaries and affiliates |
- This material is not a disclosure material under the Financial Instruments and Exchange Act, the Act on Investment Trusts and Investment Corporations or the Securities Listing Regulations of the Tokyo Stock Exchange.
- As of the date of this material, the auditing procedures for financial statements pursuant to the Financial Instruments and Exchange Act have not been completed.
- The purpose of this material is to provide information and not to offer, solicit the purchase of or sell certain products. When you make an investment, please do so at your own discretion and risk.
- The market price of investment securities of CRE REIT will be affected by the demand and supply of investors at an exchange and will fluctuate under the influence of the interest rate environment, economic conditions, the real estate market conditions and other factors surrounding the market. Accordingly, the investment securities may possibly not be sold at a higher price than the acquisition price, and investors could suffer a loss as a result.
- The investment securities of CRE REIT need to be purchased and sold through a securities company with which you undertake business. At that time, please read the contents of the document provided before concluding the contract (or a prospectus) carefully.
- While this material contains forward-looking statements and results forecasts, these statements do not guarantee the future results and financial conditions of CRE REIT.
- Unless otherwise noted, in this material, monetary amounts and energy amounts are rounded down to the nearest indicated unit, and areas, numbers of years and ratios are rounded off to the nearest indicated unit. Any average or ratio pertaining to assets is the weighted average based on the acquisition price, unless otherwise noted.
Copyright (C) 2022 CRE Logistics REIT, Inc. All Rights Reserved. | 1 |
1. Acquisition and Sale
LogiSquare Sayama Hidaka
There is a helipad on the roof for firefighters to use in the event of disaster. | 2 |
1. Acquisition and Sale
Additional Acquisition of LogiSquare Sayama Hidaka (20%)
LogiSquare, which is conveniently located about 0.7km from the IC and contributes to tenant BCP measures.
Sayama0.7km
Hidaka IC
Ramp way | Tokyo | Ken-O Expressway | Self- | CASBEE | BELS | |
Type | ||||||
Metropolitan | consumption | Real Estate | ||||
Multi | Area | Route 407 | of solar power | Rank S | ★★★★ | |
• The property is located approximately 0.7 km from the Sayama Hidaka | ||||||
Interchange on the Ken-O Expressway, and access to National Route 407 is also | ||||||
easy. Surrounded by numerous warehouses, factories and other facilities, the | ||||||
property can be operated 24 hours a day. | ||||||
Property | • The property has warehouse space on floors 1-4 and offices, a cafeteria and so | |||||
forth on the fifth floor. Each floor has an area of approximately 18,000 ㎡ and | ||||||
there is a rampway enabling heavy trucks to go directly to the second and third | ||||||
Features | floors, giving the property a total of 120 truck berths across the first, second and |
third floors. The facility has a slope exclusively for outgoing vehicles on the second and third floors, contribute to the prevention of congestion and accidents and making maximum use of the site.
• The uppermost fifth floor of the facility features a cafeteria which can seat around 150 people and a retail space, a rooftop terrace with views of Mount Fuji and other shared amenities and there is also free Wi-Fi and BGM broadcasting equipment to help improve the working environment of workers.
Location | 12-1 Aza Kubo, Oaza Ashikariba, Hanno-shi, | |
Saitama | ||
Access | Approximately 0.7 km from Sayama Hidaka IC | |
(Ken-o Expressway) | ||
Structure | RC/S, 5F, alloy plated steel sheet roof | |
Total floor area | 73,728.44 ㎡ | |
Total leasable area | 71,211.10 ㎡ | Offices, cafeteria and rental |
3,612 million yen | ||
Acquisition price | meeting rooms established | |
on the fifth floor | ||
Appraisal value | 3,900 million yen | |
Appraisal NOI yield | 4.3 % | |
Appraisal NOI yield after | 3.3 % | |
depreciation | ||
Completion date | May 2020 | |
Occupancy rate(1) | 91.0 % | |
1: The master lease agreement between CRE REIT and CRE, which was a fixed rent type master lease agreement, was changed to a partly fixed and partly pass-through type master lease agreement, and the occupancy rate of end tenants is noted.
Copyright (C) 2022 CRE Logistics REIT, Inc. All Rights Reserved. | 3 |
1. Acquisition and Sale
Additional Acquisition of LogiSquare Sayama Hidaka (20%)
Warehouse with four floors and
berths on the first, second and third floors
Incoming and outgoing guidelines are separated
By making the rampway exclusive to incoming vehicles and the slope exclusive to outgoing vehicles, this property is considered to prevent vehicle congestion and accidental contacts in the facility caused by alternating traffic and make full use of the site.
Sandwich panels
Sandwich panels are used on exterior walls to reduce heating and cooling loads and to give the exterior an attractive appearance.
Disaster prevention support system
The facility is also equipped with the TASKis system developed by NOHMI BOSAI LTD., a leading manufacturer of disaster prevention equipment, so that, in the event of a fire, information such as the location of a fire within the facility can be instantly sent to the smartphones of employees, the facility manager and other concerned parties, enabling the facility as a whole to efficiently support the in-house fire brigade in evacuating the facility and putting out the fire.
Disseminate the manual | Training | Take over | When trouble occurs |
Helipad
There is a helipad on the roof for firefighters to use in the event of disaster.
Self-consumption of solar power generation
The roof is leased to a solar power generation business operator and the lessee has installed solar panels with a power output of 751.10 KW. Some of the power used by the property is natural energy generated through these solar panels.
Powder corner | Small article | AED |
container | ||
Human detecting sensor and water-saving
sanitary equipment
LED lighting in the whole building | Emergency |
generators | |
Copyright (C) 2022 CRE Logistics REIT, Inc. All Rights Reserved. | 4 |
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CRE Logistics REIT Inc. published this content on 15 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 August 2022 12:12:14 UTC.