Nippon Prologis REIT : Earnings Presentation Materials For the Fiscal Period Ended Nov. 30, 2021
January 17, 2022 at 06:25 am
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Prologis Park Inagawa 2
Nippon Prologis REIT, Inc.
Fiscal Period Ended Nov. 30, 2021
Unaudited
January 2022
NIPPON PROLOGIS REIT, INC. FISCAL PERIOD ENDED NOV. 30, 2021
Table of Contents
1.
Follow-on Offering and Acquisition
3
2.
Fiscal Period Ended Nov. 30, 2021
10
3.
Logistics Real Estate Market Fundamentals
18
4.
Appendix
24
Prologis Park Inagawa２
1
NIPPON PROLOGIS REIT, INC. FISCAL PERIOD ENDED NOV. 30, 2021
Highlights
Successful completion of follow-on offering and acquisition
Strong financial results from operational performance
Maintained high occupancy and healthy rent growth
Maintained robust acquisition pipeline
Industry-leadingbalance sheet for growth
Steadfast commitment to ESG and transparency
Prologis Park Inagawa 2
2
NIPPON PROLOGIS REIT, INC. FISCAL PERIOD ENDED NOV. 30, 2021
Prologis Park Ebina 2
SECTION 1
Follow-on Offering and Acquisition
3
NIPPON PROLOGIS REIT, INC. FISCAL PERIOD ENDED NOV. 30, 2021
Successful Completion of 11th Follow-on Offering
Offering Summary
•
Offering Type
: Global Offering (Reg S＋U.S.144A)
•
Pricing Date
: Dec. 6, 2021
•
Offer Price
: JPY 361,620
•
Total Capital Raised
: JPY 32.0 bn (Including OA)
Green Equity Offering (for the second time)
Summary of Newly Acquired Properties
Total Acquisition Price
Average NOI yield (1)
JPY 57.7 bn
4.4 %
Average Property Age (2)
Average Occupancy Rate (3)
0.3 years
91.3 %
Eligible Green Projects (4)
Prologis Park Inagawa 2
Prologis Park Ebina 2
Prologis Park Kobe 5
Acquisition Price: JPY 33.0 bn NOI Yield: 4.5%
Acquisition Price: JPY 15.2 bn NOI Yield: 4.2%
Acquisition Price: JPY 9.5 bn NOI Yield: 4.6%
1.
Appraisal NOI as of Sep. 30, 2021 divided by total acquisition price.
2.
As of Sep. 30, 2021.
4
3.
Calculated based on the lease contracts as of Sep. 30, 2021 (excluding leases with terms less than one year).
4.
"Eligible green projects" are assets that have received certain sustainable building certifications.
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Nippon Prologis REIT Inc. published this content on 17 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 January 2022 06:24:11 UTC.
Nippon Prologis REIT Inc. is a Japan-based real estate investment trust (REIT). It aims to achieve sustainable growth in asset and stable earnings from mid- to long-term perspectives. The REIT mainly invests in logistic facilities, focusing on A class logistic facilities. Its portfolio included Prologis Park Ichikawa 1, Prologis Park Zama 1 , Prologis Park Kawajima , Prologis Park Osaka 2, Prologis Park Maishima 3 , Prologis Park Kasugai, Prologis Park Maishima 4, Prologis Park Kitanagoya, Prologis Park Tagajo and Prologis Park Takatsuki, among others. The asset manager of the REIT is Prologis REIT Management K.K.
NIPPON PROLOGIS REIT, INC. 
