ACTIVIA PROPERTIES INC. July 28, 2023
To All Concerned Parties
Activia Properties Inc.
TLC REIT Management Inc.
Notice of Correction to the Financial Results Presentation Material for the Fiscal Period Ended May 2023
This is to advise you that we hereby correct the incorrect information contained in the Financial Results Presentation Material for the Fiscal Period Ended May 31, 2023.
Please refer to the yellow highlighted areas for the corrections.
Appendix
10 Largest Tenants /Average Monthly Rents for TO Properties/Contract Period &
After
correction
1. 10 largest tenants by leased area (Note 1)
Total | Ratio of | |||||
leased | Lease | |||||
End-tenant | Property name | leased | ||||
area | expiration | |||||
area | ||||||
(%) | (Note 4) | |||||
(㎡) | ||||||
(Note 2) | ||||||
Sumitomo Mitsui | TAMACHI SQUARE (Land) | 2074.5 | ||||
1. | 28,753 | 6.6 | ||||
Trust Bank, Limited | Amagasaki Q's MALL (Land) | 2042.1 | ||||
2. | Kohnan Shoji Co., Ltd. | icot Nakamozu | 26,529 | 6.1 | 2027.7 | |
3. | Times24 Co., Ltd. | Kyoto Karasuma Parking Building | 21,224 | 4.9 | 2026.7 | |
4. | Tokyu Hotels Co., Ltd. | A-FLAG SAPPORO | 18,891 | 4.3 | 2027.3 | |
2051.2 | ||||||
5. | Plan・Do・See Inc | Kobe Kyu Kyoryuchi 25Bankan | 14,195 | 3.3 | ||
2030.1 | ||||||
6. | Room's TAISHODO | icot Mizonokuchi | 14,032 | 3.2 | 2023.7 | |
Tokyu Resorts & Stays | ||||||
7. | A-FLAG NISHI SHINSAIBASHI | 13,680 | 3.1 | 2037.10 | ||
Co., Ltd. | ||||||
K'S HOLDINGS | ||||||
8. | Market Square Sagamihara | 11,863 | 2.7 | 2034.6 | ||
CORPORATION | ||||||
icot Nakamozu | ||||||
9. | MUFG Bank, Ltd. | icot Tama Center | 5,609 | 1.3 | - | |
A-PLACE Kanayama | ||||||
10. | CA Sega Joypolis Ltd. | DECKS Tokyo Beach (Note 3) | 5,172 | 1.2 | 2024.9 |
(Note 1) Based on the lease agreements as of May 31, 2023.
(Note 2) The percentage of area for each end-tenant is the ratio to the total leased area of API's portfolio as of May 31, 2023. (Note 3) DECKS Tokyo Beach is calculated based on the pro rata share of the co-ownership interests (49%).
(Note 4) "-" denotes that the data is not disclosed due to no consent from tenants.
2. Contract period and remaining contract period
Urban | Tokyo | Activia | Total |
Retail | Office | Account | |
Contract Period (Year) | 9.9 | 4.3(3.8) | 9.3(6.8) | 7.0(6.2) |
Remaining Contract Period (Year) | 6.6 | 2.5(2.0) | 4.5(2.8) | 4.1(3.5) |
(Note 1) The figures in the parenthesis are excluding those of TAMACHI SQUARE (Land) and Amagasaki Q's MALL (Land). (Note 2) Based on the lease agreements as of May 31, 2023.
(Note 3) The figures are based on rents.
３. Average monthly rents for Tokyo Office Properties (incl. common service fee)
Tokyo Office properties | Tokyo Office properties | |
(at IPO) (Note) | ||
Nov. 2015 | ¥22,127 | ¥19,995 |
8th Period | （-0.5%） | （+2.3%） |
May 2016 | ¥23,358 | ¥20,406 |
9th Period | (+5.6%) | （+2.1%） |
Nov. 2016 | ¥23,441 | ¥20,748 |
10th Period | （+0.4%） | （+1.7%） |
May 2017 | ¥23,323 | ¥21,253 |
11th Period | (-0.5%) | （+2.4%） |
Nov. 2017 | ¥23,510 | ¥21,681 |
12th Period | (+0.8%) | （+2.0%） |
May 2018 | ¥23,761 | ¥21,870 |
13th Period | (+1.1%) | （+0.9%） |
Nov. 2018 | ¥24,420 | ¥21,981 |
14th Period | (+2.8%) | （+0.5%） |
May 2019 | ¥24,657 | ¥22,390 |
15th Period | (+1.0%) | (+1.9%) |
Nov. 2019 | ¥25,180 | ¥22,919 |
16th Period | (+2.1%) | （+2.4%） |
May 2020 | ¥24,969 | ¥23,318 |
17th Period | (-0.8%) | （+1.7%） |
Nov. 2020 | ¥25,199 | ¥23,553 |
18th Period | (+0.9%) | （+1.0%） |
May 2021 | ¥25,569 | ¥24,353 |
19th Period | (+1.5%) | （+3.4%） |
Nov. 2021 | ¥26,222 | ¥24,433 |
20th Period | (+2.6%) | （+0.3%） |
May 2022 | ¥26,114 | ¥24,154 |
21st Period | (-0.4%) | （-1.1%） |
Nov. 2022 | ¥25,791 | ¥24,237 |
22nd Period | (-1.2%) | （+0.3%） |
May 2023 | ¥25,626 | ¥24,357 |
23rd Period | (-0.6%) | （+0.5%） |
(Note) "Tokyo Office properties (at IPO)" refers to 6 properties: TLC Ebisu Building, A-PLACE Ebisu- Minami, A-PLACE Yoyogi, A-PLACE Aoyama, Luogo Shiodome and A-PLACE Ikebukuro.
Appendix
10 Largest Tenants /Average Monthly Rents for TO Properties/Contract Period &
Before
correction
1. 10 largest tenants by leased area (Note 1)
Total | Ratio of | ||||||
leased | Lease | ||||||
End-tenant | Property name | leased | |||||
area | expiration | ||||||
area | |||||||
(%) | (Note 4) | ||||||
(㎡) | |||||||
(Note 2) | |||||||
Sumitomo Mitsui | TAMACHI SQUARE (Land) | 2074.5 | |||||
1. | 28,753 | 10.9 | |||||
Trust Bank, Limited | Amagasaki Q's MALL (Land) | 2042.1 | |||||
2. | Kohnan Shoji Co., Ltd. | icot Nakamozu | 26,529 | 10.1 | 2027.7 | ||
3. | Times24 Co., Ltd. | Kyoto Karasuma Parking Building | 21,224 | 8.1 | 2026.7 | ||
4. | Tokyu Hotels Co., Ltd. | A-FLAG SAPPORO | 18,891 | 7.2 | 2027.3 | ||
2051.2 | |||||||
5. | Plan・Do・See Inc | Kobe Kyu Kyoryuchi 25Bankan | 14,195 | 5.4 | |||
2030.1 | |||||||
6. | Room's TAISHODO | icot Mizonokuchi | 14,032 | 5.3 | 2023.7 | ||
Tokyu Resorts & Stays | |||||||
7. | A-FLAG NISHI SHINSAIBASHI | 13,680 | 5.2 | 2037.10 | |||
Co., Ltd. | |||||||
K'S HOLDINGS | |||||||
8. | Market Square Sagamihara | 11,863 | 4.5 | 2034.6 | |||
CORPORATION | |||||||
icot Nakamozu | |||||||
9. | MUFG Bank, Ltd. | icot Tama Center | 5,609 | 2.1 | - | ||
A-PLACE Kanayama | |||||||
10. | CA Sega Joypolis Ltd. | DECKS Tokyo Beach (Note 3) | 5,172 | 2.0 | 2024.9 |
(Note 1) Based on the lease agreements as of May 31, 2023.
(Note 2) The percentage of area for each end-tenant is the ratio to the total leased area of API's portfolio as of May 31, 2023. (Note 3) DECKS Tokyo Beach is calculated based on the pro rata share of the co-ownership interests (49%).
(Note 4) "-" denotes that the data is not disclosed due to no consent from tenants.
2. Contract period and remaining contract period
Urban | Tokyo | Activia | Total |
Retail | Office | Account | |
Contract Period (Year) | 9.9 | 4.3(3.8) | 9.3(6.8) | 7.0(6.2) |
Remaining Contract Period (Year) | 6.6 | 2.5(2.0) | 4.5(2.8) | 4.1(3.5) |
(Note 1) The figures in the parenthesis are excluding those of TAMACHI SQUARE (Land) and Amagasaki Q's MALL (Land). (Note 2) Based on the lease agreements as of May 31, 2023.
(Note 3) The figures are based on rents.
３. Average monthly rents for Tokyo Office Properties (incl. common service fee)
Tokyo Office properties | Tokyo Office properties | |
(at IPO) (Note) | ||
Nov. 2015 | ¥22,127 | ¥19,995 |
8th Period | （-0.5%） | （+2.3%） |
May 2016 | ¥23,358 | ¥20,406 |
9th Period | (+5.6%) | （+2.1%） |
Nov. 2016 | ¥23,441 | ¥20,748 |
10th Period | （+0.4%） | （+1.7%） |
May 2017 | ¥23,323 | ¥21,253 |
11th Period | (-0.5%) | （+2.4%） |
Nov. 2017 | ¥23,510 | ¥21,681 |
12th Period | (+0.8%) | （+2.0%） |
May 2018 | ¥23,761 | ¥21,870 |
13th Period | (+1.1%) | （+0.9%） |
Nov. 2018 | ¥24,420 | ¥21,981 |
14th Period | (+2.8%) | （+0.5%） |
May 2019 | ¥24,657 | ¥22,390 |
15th Period | (+1.0%) | (+1.9%) |
Nov. 2019 | ¥25,180 | ¥22,919 |
16th Period | (+2.1%) | （+2.4%） |
May 2020 | ¥24,969 | ¥23,318 |
17th Period | (-0.8%) | （+1.7%） |
Nov. 2020 | ¥25,199 | ¥23,553 |
18th Period | (+0.9%) | （+1.0%） |
May 2021 | ¥25,569 | ¥24,353 |
19th Period | (+1.5%) | （+3.4%） |
Nov. 2021 | ¥26,222 | ¥24,433 |
20th Period | (+2.6%) | （+0.3%） |
May 2022 | ¥26,114 | ¥24,154 |
21st Period | (-0.4%) | （-1.1%） |
Nov. 2022 | ¥25,791 | ¥24,237 |
22nd Period | (-1.2%) | （+0.3%） |
May 2023 | ¥25,626 | ¥24,357 |
23rd Period | (-0.6%) | （+0.5%） |
(Note) "Tokyo Office properties (at IPO)" refers to 6 properties: TLC Ebisu Building, A-PLACE Ebisu- Minami, A-PLACE Yoyogi, A-PLACE Aoyama, Luogo Shiodome and A-PLACE Ikebukuro.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Activia Properties Inc. published this content on 28 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2023 03:24:06 UTC.
