Full Year 2024 Mitsubishi Estate Logistics REIT Investment Corp Earnings Presentation Transcript

Oct 17, 2024 / NTS GMT

Release Date Price: 円119833.33

Transcript

Ken Takanashi

Mitsubishi Estate Logistics REIT Investment Corp - Executive Officer

Welcome to Mitsubishi Estate Logistics REIT Investment Corporation's financial presentation for the 16 fiscal period ended August 2024. I am Takanashi from Mitsubishi Jisho Investment Advisors. I will explain in line with the presentation material, there are four points, I want to highlight.

The first, is on financial results. We achieved 12 consecutive periods of increase in revenues, profits and DPU mainly due to disposition gains, solid internal growth and cost reduction. As a result DPU increased 18.8% versus the last fiscal period and 2.3% versus the forecast to JPY9,602. In addition, NAV per unit increased due to acquisition of the property at less than the appraisal value.

The second is strategic asset replacement. Utilizing the proceeds from

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