Global One Real Estate Investment Corp.
Supplementary Explanation Materials Regarding Property Acquisition and the 6th Public Offering
Plans to acquire two prime office properties in the Tokyo metropolitan area for a total of 26.7 billion yen. The 6th public offering will reduce LTV and secure capacity for property acquisitions. Aims to maintain the distribution per unit at 3,200 yen.
Key Figures
- Total Scheduled Property Acquisition Price: 26.7 billion yen
- Asset Size (Based on Acquisition Price): Approximately 235 billion yen
- LTV (Book Value): Scheduled to be reduced below 50%
- Distribution per Unit (DPU) Target: Maintain 3,200 yen
- Additional Borrowing Capacity: Approximately 30 billion yen
AI要約
Overview of Property Acquisition and Capital Policy
Global One Real Estate Investment Corporation plans to acquire two prime office properties located in the Tokyo metropolitan area (ICON PLACE SHIBAKOEN and GRAND CENTRAL CHIBA) for a total of 26.7 billion yen, following acquisitions in Fukuoka and Shin-Osaka. This will expand the asset size to approximately 235 billion yen and enhance the portfolio’s earning power. Through the 6th public offering, the company plans to reduce LTV (book value) below 50% while securing capacity for property acquisitions. Utilizing internal reserves, it aims to maintain the distribution per unit at 3,200 yen.
Efforts to Enhance Investor Value and Financial Management
Aiming to maximize investor value through various measures considering market conditions, the company is actively promoting rent increase negotiations and value-up renovations. The introduction of setup offices and large-scale renewals enhances the competitiveness of properties. On the financial side, it is building a stable financial base by strategic use of internal reserves and reducing LTV. Additional borrowing capacity of approximately 30 billion yen is secured, with a policy to continue balancing asset growth and earning power enhancement.
