ADVANCE RESIDENCE INVESTMENT CORPORATION Current Effects of COVID19 on Profit Outlook
as of November 2021
The occupancy rate for November this year was 96.1%, a decrease of 0.1pt from October. The ratio of individual contract signings has been on the rise in recent years.
The number of contracts and cancellations for December tends to be the same level as the previous year. We expect the occupancy rate for December will be the same as the previous month. To prepare for next year's busy season, we will continue to take various measures to improve the occupancy rate.
We will continue to disclose the effects of COVID19 till we see some end to the pandemic.
Occupancy rate
100% | |||||||||||||||||
98% | |||||||||||||||||
96% | |||||||||||||||||
94% | |||||||||||||||||
92% | Overall | Tokyo Station 5km Radius | |||||||||||||||
Tokyo Station 10km Radius | Other Areas within the 23 Wards of Tokyo | ||||||||||||||||
90% | Tokyo Metropolitan Region | Other Regions | |||||||||||||||
20/3 | 20/4 | 20/5 | 20/6 | 20/7 | 20/8 | 20/9 | 20/10 20/11 20/12 | 21/1 | 21/2 | 21/3 | 21/4 | 21/5 | 21/6 | 21/7 | 21/8 | 21/9 | 21/10 21/11 |
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1. Occupancy
22nd FP | 23rd FP | ||||||||||||||||||||||
Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Period | Earning | ||||||||||
Guideline | |||||||||||||||||||||||
Average | |||||||||||||||||||||||
Assumption | |||||||||||||||||||||||
Occupancy | 96.4% | 97.0% | 95.8% | 95.2% | 95.3% | 95.9% | 96.0% | 96.3% | 96.2% | 96.1% | - | - | 96.1% | 95.9% | |||||||||
Rate | |||||||||||||||||||||||
YoY Change | -0.9 pt | -0.5 pt | -0.7 pt | -0.9 pt | -0.9 pt | -0.3 pt | -0.2 pt | +0.2 pt | +0.4 pt | +0.3 pt | - | - | +0.2 pt | - | |||||||||
2. Changes in the number of monthly new contract rate* and new contracts**
22nd FP | 23rd FP |
Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan |
Contract Rate | 1.7% | 2.5% | 1.4% | 1.2% 1.5% | 2.1% | 1.4% 1.4% | 1.6% | 1.3% | - | - |
YoY Change | +0.1 pt | +0.2 pt | -0.1 pt | +0.2 pt | +0.1 pt | +0.5 pt | +0.1 pt | +0.1 pt | +0.2 pt | -0.1 pt | - | - |
Contracts | 403 | 601 | 327 | 271 | 340 | 471 | 300 | 328 | 356 | 294 | - | - |
YoY Rate of | +16.8% | +20.7% | -3.3% | +18.9% | +9.3% | +40.2% | +14.5% | +9.3% | +24.5% | -11.4% | - | - |
Change | ||||||||||||
3. Changes in the number of monthly cancellation rate* and cancellations**
22nd FP | 23rd FP | ||||||||||||||||||||||
Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | ||||||||||||
Cancellation | 1.2% | 1.9% | 2.6% | 1.8% | 1.5% | 1.5% | 1.4% | 1.2% | 1.7% | 1.4% | - | - | |||||||||||
Rate | |||||||||||||||||||||||
YoY Change | +0.1 pt | -0.1 pt | +0.1 pt | +0.4 pt | +0.2 pt | -0.1 pt | -0.1 pt | -0.3 pt | +0.0 pt | +0.0 pt | - | - | |||||||||||
Cancellations | 283 | 454 | 567 | 414 | 333 | 333 | 325 | 281 | 386 | 306 | - | - | |||||||||||
YoY Rate of | |||||||||||||||||||||||
+9.3% | +6.8% | +4.0% | +28.2% | +12.5% | +1.2% | -1.2% | -12.2% | +2.4% | -1.6% | - | - | ||||||||||||
Change | |||||||||||||||||||||||
- The contract (cancellation) rate is calculated by dividing the contracted (canceled) area by the leasable area.
- Only applicable to pass-through contract units.
About Advance Residence Investment Corporation
Advance Residence Investment Corporation is the largest residential J-REIT, investing in over 270 rental apartments located mostly in central Tokyo and in other major cities throughout Japan (AUM over 460 billion yen). ADR can be expected have a stable dividend in the long-term and can be considered as a defensive J-REIT, on back of the stable income from residential assets and with the largest dividend reserve among J-REITs. ADR's website: https://www.adr-reit.com/en/
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Disclaimer
Advance Residence Investment Corporation published this content on 23 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 December 2021 06:36:06 UTC.
