Daiwa Securities Living Investment : Financial Report
June 07, 2023 at 06:10 am EDT
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Financial Results for the 34th Fiscal Period
Code:8986
May 23, 2023
Gran Casa Kuramae
(Acquired on Mar 6, 2023)
Topics
Rent Increase at Tenant Turnover and Maintaining High Occupancy Rate (Rental Housing)
(Refer page from 9 to 11)
Monthly rent at tenant turnover continues to increase
Maintain high occupancy rate
34th FP : +1.9%
34th FP Term End : 98.7%
(+JPY 2,544 thousand)
34th FP Average : 98.6%
Realization of External Growth
In addition to the 7 properties acquired at the time of public offering,
acquired following 2 rental housing properties located in the 23 wards of Tokyo.
Gran Casa Kuramae (Taito-ku, Tokyo, JPY 1,505 million, on March 6, 2023) Gran Casa Kinshicho (Note) (Sumida-ku, Tokyo, JPY 850 million, on April 3, 2023)
(Refer page 19)
* acquired in the 35th FP (September 2023)
(Note: The property name was changed from "Splendide Kinshicho I" to "Gran Casa Kinshicho" on May 1, 2023. The same applies hereinafter.)
Rating
(Refer page 23)
R&I's rating evaluation improved from "A+ Stable" to "A+ Positive".
(Note) "DLI" used in this document refers to Daiwa Securities Living Investment Corporation, and "Asset Management Company" refers to Daiwa Real Estate Asset Management,
1
which is the asset management company of Daiwa Securities Living Investment Corporation.
Table of Contents
Section 1
Financial Results for the 34th (March 2023) Fiscal Period
Forecast for the 35th (September 2023) and the 36th (March 2024) Fiscal Periods
P 3
Section 2
Operation Status of Rental Housing
P 8
Section 3
Operation Status of Healthcare Facility
P 14
Section 4
Summary of External Growth
P 18
Section 5
Financial Strategy and Status
P 22
Section 6
Strategy
P 26
Section 7
Initiatives for ESG
Appendices
29 P 35
Unless otherwise noted in this document, amounts are rounded down to the nearest whole number, percentage and average.
2
Section 1
Financial Results for the 34th (March 2023) Fiscal Period
Forecast for the 35th (September 2023) and the 36th (March 2024) Fiscal Periods
Results for the 33rd Fiscal Period vs. the 34th Fiscal Period
(JPY million)
(1) 33rd FP
(2) 34th FP
Difference
Key Factors of the Difference
Results
Results
(2) - (1)
Operating Revenues
11,436
11,898
+461
Increase in rent, common benefit, etc.
due to property acquisition through public offering
Operating Expenses
6,094
6,326
+232
Increase in depreciation expense, AM fee, etc.
due to property acquisition through public offering
Non-operating
(688)
(742)
(53)
Increase in expenses due to higher interest expenses and amortization
Gain or Loss
of investment unit issuance expenses, etc.
Net Income
4,652
4,828
+175
Reversal of Temporary
153
145
(8)
Difference Adjustment /
-
-
-
Distribution Reserve
Total Distribution Amount
4,806
4,973
+167
(JPY per unit)
33rd FP
Results
Distribution
2,180
Operating
Operating
Non-operating
Revenue
Expense
Gain or Loss
+204
+102
(23)
Rent +184
Restoration (12)
AM Fee2 +6
Non-op income
(2)
Common Benefit +11
PM Fee +8 Other Expense (2)
Key Money +5
Utility Expense +25
Tax Expense +9
Interest Expense
+8
Restoration Income (6)
Advertise Expense +11
Issuance Expense +10
Other Income +13
Depreciation +36
34th FP
Results
Distribution Distribution
2,200 +20
Issued
2,204,890 units
Temporary
Difference
Adjustment
69
Net Income
2,110
Diluted
due to PO
52
90
204
12
23
※Minus expenses are added to distribution ※Only the major difference factors are listed
Temporary
Difference
Adjustment
64
Net Income
2,135
Issued
2,260,890 units
4
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Disclaimer
Daiwa Securities Living Investment Corporation published this content on 07 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 June 2023 10:09:00 UTC.
Daiwa Securities Living Investment Corp is a closed-end real estate investment trust (REIT) company. It aims to achieve sustainable growth in asset and stable earnings from mid- to long-term perspectives. The Company invests in rental accommodation properties mainly located in Tokyo, three metropolitan areas and others. Its investment properties willDo Kiyosumi, TK Flats Shibuya, Prospect Shinonomebashi, willDo Nakasu, Colonnade Kasuga, Prospect Glarsa Hiroo, Prospect Kiyosumi-Teien, Storia Jingumae, willDo Hamasaki dori and others. The asset manager of the Fund is Daiwa Real Estate Asset Management Co Ltd.