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    3487   JP3048680007

CRE LOGISTICS REIT, INC.

(3487)
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CRE Logistics REIT : Notice Concerning Conclusion of Interest Rate Swap Agreement

09/08/2021 | 11:02pm EDT

September 9, 2021

For Immediate Release

Name of REIT Issuer:

CRE Logistics REIT, Inc.

2-10-1, Toranomon, Minato-ku, Tokyo, Japan

Tsuyoshi Ito, Executive Director

(TSE Code: 3487)

Asset Manager

CRE REIT Advisers, Inc.

Tsuyoshi Ito, President

Person of Contact:

Hirohisa Toda, Head of Corporate Planning

Tel: +81-3-5575-3600

Notice Concerning Conclusion of Interest Rate Swap Agreement

CRE Logistics REIT, Inc. ("CRE REIT") announces that it today concluded an interest rate swap agreement on some of the borrowings announced on September 2, 2021 in the "Notice Concerning Borrowing of Funds (including Green Loan)."

1. Reason for entering into the Interest Rate Swap Agreement

The interest rate swap agreement was concluded to hedge interest volatility risk by fixing future interest rates on

long-term loans payable of 4,000 million yen and long-term loans payable of 3,500 million yen at a floating interest rate scheduled to be taken out on September 15, 2021.

(Note) For details of the above loans, please refer to the "Notice Concerning Borrowing of Funds (including Green Loan)" released on September 2, 2021.

2. Details of the Interest Rate Swap Agreement

Notional

Interest rate (Note 1)

Commencement

Termination

Counterparty

principal

Fixed interest

Floating interest

date

date

(Million yen)

rate payable

rate receivable

0.071

JBA three-

September 15,

March 31,

Nomura Securities Co., Ltd.,

4,000

month Japanese

(Note 2)

2021

2027

Yen TIBOR

0.076

JBA three-

September 15,

September

Nomura Securities Co., Ltd.,

3,500

month Japanese

(Note 3)

2021

30, 2027

Yen TIBOR

(Note 1) The first interest payment date is December 30, 2021, and the subsequent interest payment dates are the last days of every three months thereafter. The final interest payment date is the termination date.

(Note 2) Under the interest rate swap agreement, the interest rate on long-term loans payable of 4,000 million yen is effectively fixed at 0.546. The fourth decimal place is rounded off.

(Note 3) Under the interest rate swap agreement, the interest rate on long-term loans payable of 3,500 million yen is effectively fixed at 0.576. The fourth decimal place is rounded off.

Disclaimer: This press release is intended to disclose to the public the conclusion of interest rate swap agreement by CRE REIT, and is not an offer to sell or a solicitation of any offer to buy the securities of CRE REIT in the United States or elsewhere. Any investment decision should be made based upon your own judgement. This press release does not constitute an offer of securities in the United States of America. The investment units have not been, and will not be, registered under the United

States Securities Act of 1933 (the "Securities Act"). The investment units may not be offered or sold in the United States

absent registration or an exemption from registration under the Securities Act. The investment units referred to above will not be offered, publicly or otherwise, in the United States.

1

3. Future outlook

The impact of this matter is immaterial, and the operating results forecasts for the fiscal period ending December

31, 2021 and the fiscal period ending June 30, 2022 announced in the "Notice Concerning Revision of Forecasts of Operating Results for the Period ending December 31, 2021 and the Period ending June 30, 2022" released on September 2, 2021 remain unchanged.

* CRE Logistic REIT, Inc. website: https://cre-reit.co.jp/en/

Disclaimer: This press release is intended to disclose to the public the conclusion of interest rate swap agreement by CRE REIT, and is not an offer to sell or a solicitation of any offer to buy the securities of CRE REIT in the United States or elsewhere. Any investment decision should be made based upon your own judgement. This press release does not constitute an offer of securities in the United States of America. The investment units have not been, and will not be, registered under the United States Securities Act of 1933 (the "Securities Act"). The investment units may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. The investment units referred to above will not be offered, publicly or otherwise, in the United States.

2

Disclaimer

CRE Logistics REIT Inc. published this content on 09 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 September 2021 03:01:02 UTC.


© Publicnow 2021
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Sales 2022 - - -
Net income 2022 - - -
Net Debt 2022 - - -
P/E ratio 2022 32,7x
Yield 2022 3,37%
Capitalization 122 B 1 064 M 1 063 M
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Capi. / Sales 2023 13 160 848x
Nbr of Employees -
Free-Float 92,3%
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Tsuyoshi Ito Executive Director
Kenichi Nakamura Supervisory Officer
Kensuke Isobe Supervisory Officer
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