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    3283   JP3047550003

NIPPON PROLOGIS REIT, INC.

(3283)
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Nippon Prologis REIT : Earnings Presentation Materials For the Fiscal Period Ended May 31, 2021

07/15/2021 | 02:05am EDT

Prologis Park Chiba 1

Prologis Park Chiba 2

Nippon Prologis REIT, Inc.

Fiscal Period Ended May 31, 2021

Unaudited

July 2021

NIPPON PROLOGIS REIT, INC. FISCAL PERIOD ENDED MAY 31, 2021

Table of Contents

1.

Highlights for Fiscal Period Ended May 31, 2021

2

2.

Logistics Real Estate Market Fundamentals

15

3.

Appendix

22

Prologis Park Tsukuba 2

1

NIPPON PROLOGIS REIT, INC. FISCAL PERIOD ENDED MAY 31, 2021

Prologis Park Tsukuba 2

SECTION 1

Highlights for Fiscal Period Ended May 31, 2021

2

NIPPON PROLOGIS REIT, INC. FISCAL PERIOD ENDED MAY 31, 2021

Highlights for May 2021 Fiscal Period

  1. SUCCESSFUL COMPLETION OF 10TH FOLLOW-ON OFFERING AND NEW ACQUISITIONS
  2. NOI AND DPU EXCEEDED FORECAST WITH STEADY INTERNAL AND EXTERNAL GROWTH
  3. CONTINUED ROBUST ACQUISITION PIPELINE
  4. OBTAINED AA CREDIT RATING FROM R&I AND STRENGTHENED BALANCE SHEET
  5. STEADY PROGRESS ON ESG PROGRAM AND ACHIEVEMENT OF KPIs

3 3

Prologis Park Chiba 2

NIPPON PROLOGIS REIT, INC. FISCAL PERIOD ENDED MAY 31, 2021

Successful Completion of 10th Follow-on Offering

Offering Summary

Offering Type

: Global Offering (Reg SU.S.144A)

Pricing Date

: Jan. 27, 2021

Issue Price

: JPY 332,962

Total Capital Raised

: JPY 38.6 bn (Including OA)

  • Green Equity Offering (for the first time as a J-REIT)

Summary of Newly Acquired Properties

Total Acquisition Price

Average NOI yield (1)

JPY 62.2 bn

4.5%

取得資産の概要

Average Property Age (2)

WALE (3)

2.1 years

6.0 years

Prologis Park Chiba New Town

Prologis Park Chiba 2

Prologis Park Tsukuba 2

(Inzai, Chiba)

(Chiba, Chiba)

(Tsukuba, Ibaraki)

109,981.80m2

60,327.19m2

98,920.31m2

Acquisition Price: JPY 26.3 bn NOI Yield: 4.5%

Acquisition Price: JPY 15.0 bn NOI Yield: 4.4%

  1. Appraisal NOI as of Nov. 30, 2020 divided by total acquisition price.
  2. As of Nov. 30, 2020.
  3. WALE stands for Weighted Average Lease Expiry. Calculated based on the lease contracts as of Nov. 30, 2020.

Acquisition Price: JPY 20.9 bn NOI Yield: 4.7%

4

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Nippon Prologis REIT Inc. published this content on 15 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 July 2021 06:04:29 UTC.


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Sales 2022 50 727 M 445 M 445 M
Net income 2022 22 405 M 197 M 197 M
Net Debt 2022 264 B 2 316 M 2 316 M
P/E ratio 2022 44,3x
Yield 2022 2,61%
Capitalization 979 B 8 607 M 8 588 M
EV / Sales 2022 24,5x
EV / Sales 2023 23,3x
Nbr of Employees -
Free-Float 74,1%
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Last Close Price 379 000,00 
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Managers and Directors
Masahiro Sakashita Executive Officer
Katsumi Shimamura Supervisory Officer
Yoichiro Hamaoka Supervisory Officer
Mami Tazaki Supervisory Officer
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