XYMAX REIT Investment: Presentation Materials for the 8th Financial Year Ended February 2022

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Presentation material

for the 8th financial year ended in February 2022

Value code: 3488

Basic principles and characteristics of XYMAX REIT

XYMAX REIT accurately assesses the value of individual properties to maximize unitholder value. We make full use of our strength in Management, Evaluationand Supply based on the knowledge and know-how of the XYMAX Group, which has Japan’s No. 1 ranking in property management.

Remarks

Unless otherwise indicated, amounts are rounded to the nearest unit and ratios are rounded to the first decimal.

The following property name abbreviations are used.

XYMAX Building Nishi-Shimbashi: Nishi-Shimbashi XYMAX Building Shinjuku-Gyoen: Shinjuku-GyoenXYMAX Higashi-Azabu Building XYMAX Hachioji Building XYMAX Sapporo Building Odori Muza Kawasaki

  • : Higashi-Azabu

  • : Hachiōji

  • : Sapporo

  • : MuzaXYMAX Iwamotocho Building XYMAX Kamiyacho Building XYMAX Higashi-Ueno Building XYMAX Mita Building XYMAX Kiba koen Building Life Kawasaki Miyuki Store

    • : Iwamotocho

    • : Kamiyacho

    • : Higashi-Ueno

    • : Mita

    • : Kiba

    • :Kawasaki Miyuki

      Vita Seiseki – Sakuragaoka

  • : Seiseki Shop-Sakuragaoka Life Fukuizumi

  • : FukuizumiThe Park House Totsuka Front (the commercial parts of the 1st and 2nd floors)

  • : Totsuka

    Valor Kachigawa Store (Leasehold)

  • : KachihaHotel Vista Sendai L-Place Nishikasai

    : Sendai : NishikasaiRebirth 21 Chihaya

  • : Chihaya

2

terms

Definition

Estimated value at the end of the period

Indicates the acquisition value appraised by appraisers or the search price based on the statutes of XYMAX REIT and the

“Ordinance on the accounting of investment companies” (Ministry of

Finance Order No. 47 of 2006, as amended) with the last day of current fiscal period as search date

Unrealized gain

Estimated value of real estate, etc. at the end of the period book value at the end of the period

LTV based on total assets

Balance of interest-bearing liabilities / total assets

Rating LTV

Balance of interest-bearing liabilities / (total assets + unrealized gain)

Net assets per unit

(Net assets – total distribution) / total number of investment units issued and exceptional

NAV per unit

(Net assets + unrealized gain ‐ total distribution) / total number of investment shares issued and outstanding

Acquisition price

The sale price of each Trust Beneficial Right stated in the Trust Beneficial Right Sale Agreement, and does not include commodity taxes, local commodity taxes and brokerage fees, etc.

Summary

Through a series of asset replacements and capital increases through public offerings, XYMAX REIT achieved external growth, and Improved income from existing properties through office reletting and retail tenant replacement.

  • A stable management that takes advantage of the network, knowledge and know-how of the XYMAX group-How? ‘Or’ What

    • Despite the impact of COVID-19, offices quickly regained their occupancy rate (at the end of FP8: 98.8%; as of March 1, 2022: 100%).

    • The shops recorded stable turnover, supported by fixed rental contracts. Replacements of tenants are carried out without downtime at +15% of the rent of the previous tenants, which will take place in the 9th PCRD.

    • Although the hotel’s operating performance has been poor due to COVID-19 pandemic, the fixed rent was relaunched from the 8th FP and the rents were collected in a stable and continuous manner. The variable rent should recover in the future.

  • Increased asset size through strategic asset replacements and capital increase by the first public offering since listing.

    • Improved portfolio stability while maintaining asset size and profitability through strategic asset replacements, and gain on disposal to unitholders.

    • Acquisition of three properties through the capital increase through the first public offering since listing (total acquisition price: 7.6 billion yen), bringing the size of assets to 43.4 billion yen.

    • Improved distribution with effective additional leverage based on proper LTV control.

  • Stable financial base and ESG initiatives

    • Expanded lender training by inviting new banks, in cooperation with XYMAX Group.

    • Carrying out initiatives leading to a reduction in environmental load, such as the adoption of electricity from 100% renewable energy sources in existing office buildings and the implementation of a public offering by issuance electronic leaflet.

    • Development of an internal organization for ESG promotion, in order to further improve ESG initiatives.

Overview of acquisitions by asset replacement and public offering

Changing the asset size

Utilizing the XYMAX Group’s strengths in valuation and sourcing, XYMAX REIT has acquired properties with high management stability and expanded the size of its assets.

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Warning

Xymax REIT Investment Corporation published this content on April 28, 2022 and is solely responsible for the information contained therein. Distributed by Audienceunedited and unmodified, on April 28, 2022 08:14:10 UTC.

Public now 2022

All news from XYMAX REIT INVESTMENT CORPORATION

Sales 2021 2,598 million
20.2 million
20.2 million
Net income 2021 1,297 million
10.1 million
10.1 million
Net debt 2021 13,077 million
102 million
102 million
PER 2021 ratio 20.0x
2021 performance
Capitalization 30,932 million
241M
241M
EV / Sales 2020 11.1x
EV / Sales 2021 15.0x
# of employees
Floating 89.5%

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Medium consensus
Number of analysts 0
Last closing price 123,900.00
Average target price
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