CRE Logistics REIT, Inc.
19th Term Financial Results Presentation Materials for the Fiscal Year Ending December 2025 (July 1, 2025 – December 31, 2025)
Approximately 1 billion yen in treasury unit acquisition; conducted asset replacement through property sale and acquisition. Targeting ROE of 7.04%, expected to be achieved in the fiscal year ending December 2025. Sale proceeds will be utilized for the acquisition of Atsugi Iiyama South Factory and treasury unit acquisition.
Key Figures
- ROE Target: 7.04% (Fiscal year ending December 2025)
- Total Treasury Unit Acquisition Amount: Approximately 1 billion yen (November 27, 2025 to January 30, 2026)
- Sale Price (LogiSquare Sayama Hidaka): 7.6 billion yen (Expected gain on sale of 838 million yen)
- Acquisition Price (Atsugi Iiyama South Factory): 5.423 billion yen (50% acquisition ratio)
- Rental Business Expense Ratio: 16.2% (Maintained at a steady level)
- Interest-Bearing Debt Ratio: 100.0%
- Average Debt Interest Rate: 0.983%
AI要約
Operational Highlights
Aiming to maintain ROE at 7%, we have increased profitability in the rental business and carried out asset replacement through property sales and enhancement of profitability. Established a treasury unit acquisition program, with purchases to be made if NAV falls below 0.9 times. CRE has executed additional unit acquisitions, clarifying its supportive stance. Efforts are underway to improve capital efficiency and reduce capital costs.
Asset Replacement and Financial Strategy
Sold LogiSquare Sayama Hidaka (40% quasi co-ownership interest) for 7.6 billion yen and acquired Atsugi Iiyama South Factory (underlying land) for 5.423 billion yen. Sale proceeds are allocated to the Atsugi Iiyama South Factory acquisition and treasury unit acquisitions. NOI is trending upward due to rent increases and strategic capital expenditures. Standard lease terms range between 3 to 5 years, with an expectation of lease term shortening. Focus is placed on controlling debt costs and ensuring financial stability by diversifying interest-bearing debt sources among 17 lenders. Set a mid-to-long-term cap for total assets LTV at 50% and appraised LTV at 42-43%.
