Kenedix Retail REIT Corporation

Securities Code:3453

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  1. HOME
  2. Properties
  3. Portfolio Data

Portfolio Data

As of May 16, 2019

Portfolio highlights

  • ■Total anticipated acquisition price
    JPY213.7bn/55properties
  • ■Weighted average occupancy rate
    98.8%
  • ■Portfolio appraisal NOI yield
    5.3%

Portfolio focused on shopping centers for daily needs

NSC 50.9%
Urban Station-Front SC 15.1%
SS 18.0%
CSC 6.9%
SM 5.6%
Logistics 3.4%

Generating stable cash flow through portfolio diversification

Property distribution

Fululu Garden Yachiyo 6.9%
Blumer HAT Kobe  5.1%
Sun Street Hamakita 5.0%
Roseo Mito 4.7%
Blumer Maitamon 3.9%
MONA Shin-Urayasu 3.8%
Resora Obu Shopping Terrace 3.7%
Homecenter Kohnan Sunadabashi 3.3%
Carino Esaka 3.1%
COMBOX Komyoike 3.0%
Others 57.5%

Location (based on acquisition price) Four major metropolitan areas 79.5

Tokyo metropolitan area 45.3%
Greater Osaka area 20.7%
Greater Nagoya area 9.8%
Fukuoka area 3.8%
Ordinance-designated cities, core cities and other areas 20.5%

Tenant (Rent-based) Top 10 tenants 32.7

A 4.6%
B 4.4%
C 3.7%
D 3.5%
E 3.3%
F 3.3%
G 2.8%
H 2.8%
I 2.3%
J 1.9%
Others 67.3%

Tenant categories (Rent-based)

Groceries + Costco 25.5%
Other retailers 14.3%
Service businesses 10.3%
Home & garden 8.5%
Sports clubs 6.0%
Clothing 6.5%
Consumer electronics 5.0%
Amusement 4.6%
GMS 4.7%
Restaurants 4.1%
Others 10.6%

Lease types that secure stability and enable growth potential

Remaining lease term(Rent-based)

Less than 2 years 18.3%
2 to less than 5 years 16.1%
5 to less than 10 years 33.4%
10 to less than 15 years 13.4%
15 to less than 20 years 12.6%
20 years or more 6.2%

Lease types(Rent-based)

Fixed-term building lease 68.8%
Regular building lease 17.7%
Commercial fixed-term land lease 13.5%
Others 0.0%

Rent types(Rent-based)

Fixed rent 84.0%
Fixed and sales-linked rent 12.9%
Sales-linked rent 3.1%
(Note 1) The data regarding tenants and lease types above are as of March 31, 2019 based on the 55 properties acquired by April 30, 2019.
(Note 2) Rent types shows the data from October 1, 2018 to March 31, 2019 based on the 53 properties acquired by March 31, 2019.

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