Table of contents

Section 1

Management highlight

P. 2

Section 2 Financial results and earning forecasts

P. 4

Section 3

Management status

P. 9

Section 4

Financial status

P. 19

Section 5 Initiatives for sustainability

P. 23

Section 6

Future initiatives

P. 30

1

Section 1

Management highlight

2

Management highlight

External Growth

  • No acquisition or sale of properties for the fiscal period ended October 31, 2021

Number of properties

AUM

96properties

440.1bn yen

  • The sale of the part of the land of KDX Toranomon 1chome Building (December 2, 2021)

Finance

  • Refinancing through large-scale syndicated loans, etc. (November 2021)

Average rate of

Financial

LTV

interest bearing debt

institutions

As of the end of fiscal

0.86

+

％

8

43.6％

-0.07% period over period

Period over period

period 2021/10

Gain on sale of real estate etc.

763 mn yen

Estimated amount of provision of reserve for reduction entry

288 mn yen

Increase in

appraisal value

+200mn yen

Sustainability

• Strengthening the system for initiatives at the Asset

Management Company (Establishment of the

Sustainability Committee and the Sustainability

Office)

Internal Growth

  • Occupancy rate improved after bottoming out at 96.0%

in July 2021

Monthly rent

Increase rate of

Occupancy rate

monthly rent unit price

97.6%

increase

upon tenant turnover

+3.6mn yen

+2.7%

+0.9% period over period

Due to tenant replacement

and rent revisions

• Expressed support for the recommendations of the

Task Force on Climate-related Financial Disclosures

("TCFD")

• Earned "Green Star" in GRESB for the 10th

consecutive years (4 stars)

• Started introducing electricity derived from

renewable energy at property

3

Section 2

Financial results and earning forecasts

4

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Kenedix Office Investment Corporation published this content on 15 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 December 2021 11:48:02 UTC.