INVESCO OFFICE J-REIT, INC. Invesco Office J-REIT, Inc. (3298)
14th Fiscal Period Ended April 30, 2021
http://www.invesco-reit.co.jp/en/
June 15, 2021
Invesco Global Real Estate Asia Pacific, Inc.
Table of contents
1 | Operational highlights | • | Major topics | 5 |
• | DPU and NAV per unit | 6 | ||
• | Portfolio occupancy and leasing achievements | 7 | ||
• | Further potential for rent growth | 8 | ||
• | ESG initiatives | 9 | ||
2 | Portfolio overview | • | Portfolio composition | 11-12 |
• | Capitalizing on the positive rent differential for office space | 13 | ||
• | Potential for positive rental reversions and rent growth | 14 | ||
• | Top 10 tenants (leased area basis) | 15 | ||
• | Revenue compositions | 16 | ||
• | Responding to the impacts of COVID-19 | 17 | ||
• | Prudent financial management | 18 | ||
3 | Appendix | • | Financial results for FP14 (4/2021) | 20 |
• | Financial forecasts for FP15 (10/2021) and FP16 (4/2022) | 21 | ||
• | Unitholders | 22 | ||
• | Key facts | 23 | ||
• | Portfolio information | 24-25 | ||
• | IOJ's key ESG priorities | 26 | ||
• | ESG performance | 27 | ||
• | Supply demand balance in Tokyo and office vacancy rate forecast | 28 | ||
• | Performance data | 29-30 | ||
• | Definitions | 31 | ||
This document is provided for informational purposes only and is not intended as an inducement or invitation to invest in securities issued by Invesco Office J-REIT, Inc. Please see the end of this material for the disclaimer. Also, please refer to page 31 for definitions for terminologies used in this material.
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About Invesco group
- Invesco Ltd. (NYSE: IVZ) is a leading independent global investment management firm, dedicated to delivering an investment experience that helps people get more out of life ($1.4 trillionunder
management as at March31, 2021)
Independent
Clientfocus | investment | Global |
management | presence | |
firm |
- Invesco Real Estate ("IRE"), a business division of the Invesco Group, is one of the largest real estate investment management firms globally ($82.8 billion under management as at March 31, 2021)
- Invesco Real Estate benefits from the firm's exclusive focus on investment management and
performance driven culture
- Invesco Real Estate offers clients access to a range of global investment strategies spanning
from core to opportunistic in the private and public space
Source: Invesco Group
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Operational highlights
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Major topics
- Steady unitholder value growth
Actual DPU for FP14 (4/2021) was ¥420, an increase of approximately 4.5% from the forecast for FP14 (¥402)
NAV per Unit for FP14 was ¥17,782, the same level as the previous fiscal period (FP13: ¥17,684)
- Stable portfolio performance
Portfolio occupancy rate during FP14 achieved an average of 98.2%, which was 0.3% points higher than the initial forecast of 97.9%
Rent increase rate at rent renewal of existing tenants was 16.9% and the rent increase rate due to tenant replacement was 6.1%, achieving a high growth rate because of the positive rent gap in FP14
- ESG performance
Obtained 5 Green Stars in 2020 GRESB Real Estate Assessment
As at the end of April 2021, 100% of the properties and 83.3% of the total floor space have been certified as green buildings
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Disclaimer
Invesco Office J-REIT Inc. published this content on 15 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 June 2021 06:03:07 UTC.
