Kenedix Retail REIT Corporation

Securities Code:3453

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  1. HOME
  2. Properties
  3. Portfolio Data

Portfolio Data

As of June 25, 2020

Portfolio highlights

  • ■Total anticipated acquisition price
    JPY227.7bn/63properties
  • ■Weighted average occupancy rate
    99.4%
  • ■Portfolio appraisal NOI yield
    5.2%

Portfolio focused on shopping centers for daily needs

NSC 56.9%
Urban Station-Front SC 14.2%
SS 16.7%
CSC 0.0%
SM 7.2%
Logistics 5.0%

Generating stable cash flow through portfolio diversification

Property distribution

Blumer HAT Kobe  4.8%
Sun Street Hamakita 4.8%
Roseo Mito 4.4%
Blumer Maitamon 3.7%
MONA Shin-Urayasu 3.5%
Resora Obu Shopping Terrace 3.5%
Homecenter Kohnan Sunadabashi 3.1%
Carino Esaka 2.9%
COMBOX Komyoike 2.8%
Kalsa Hiratsuka 2.6%
Others 63.9%

Location (based on acquisition price) Four major metropolitan areas 80.8

Tokyo metropolitan area 46.9%
Greater Osaka area 20.1%
Greater Nagoya area 10.3%
Fukuoka area 3.5%
Ordinance-designated cities, core cities and other areas 19.2%

Tenant (Rent-based) Top 10 tenants 30.9

A 4.2%
B 3.6%
C 3.4%
D 3.2%
E 3.1%
F 3.0%
G 2.7%
H 2.7%
I 2.7%
J 2.3%
Others 69.1%

Tenant categories (Rent-based)

Groceries + Costco 27.7%
Master lease 12.4%
Home & garden 8.8%
Service businesses 7.8%
Other retailers 7.0%
Amusement 6.0%
Sports clubs 5.9%
Clothing 5.6%
Consumer electronics 5.5%
Logistics facilities 5.4%
Restaurants 3.8%
Drug store 2.6%
Dollar shops 1.4%
Office 0.2%

Lease types that secure stability and enable growth potential

Remaining lease term(Rent-based)

Less than 2 years 16.1%
2 to less than 5 years 12.8%
5 to less than 10 years 39.2%
10 to less than 15 years 8.7%
15 to less than 20 years 12.5%
20 years or more 10.8%

Lease types(Rent-based)

Fixed-term building lease 72.8%
Commercial fixed-term land lease 14.3%
Regular building lease 12.9%
Others 0.0%

Rent types(Rent-based)

Fixed rent 86.9%
Fixed and sales-linked rent 11.3%
Sales-linked rent 1.8%
(Note 1) The data regarding tenants and lease types above are as of March 31, 2020 based on the 63 properties acquired by April 30, 2020
(Note 2) Rent types shows the data from October 1, 2019 to March 31, 2020 based on the 63 properties acquired by March 31, 2020.

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