7Th Fiscal Period Semi-Annual Report March 1, 2019 to August 31, 2019
7th Fiscal Period Semi-Annual Report March 1, 2019 to August 31, 2019 LaSalle LOGIPORT REIT 1-11-1 Marunouchi, Chiyoda-ku, Tokyo, Japan Message to Unitholders Features of LaSalle LOGIPORT REIT The existing properties of LLR also remain in good shape. Bolstered by strong demand from tenants, the fiscal period Focused investments in prime logistics located in the Tokyo and Osaka areas average occupancy rate of the entire portfolio stood at 98.8%, staying at the high level it had achieved in previous • The portfolio comprises large logistics facilities located in the Tokyo and Osaka markets Toshimitsu Fujiwara fiscal periods. • Make investments with attention given to location and building specifications – the source of property Executive Director competitiveness – to secure the portfolio’s competitiveness over a medium to long term LaSalle LOGIPORT REIT As a result of these endeavors, LLR has achieved the best 1 President and CEO performance since listing, posting operating revenues of LaSalle REIT Advisors K.K. 6,942 million yen, operating profits of 4,064 million yen, During the 7th fiscal period, LaSalle LOGIPORT REIT ordinary income of 3,688 million yen, and net income of Leveraging the LaSalle Group’s real estate investment management capabilities (“LLR”) decided on an asset replacement in April 2019, 3,687 million yen, with a DPU of 3,200 yen. • Leverage the LaSalle Group’s global experience and expertise as a leading company investing in core aimed at reinforcing portfolio profitability. Moreover, in real estate assets Entering the 8th fiscal period, LLR conducted its second association with the public offering it conducted in May, the public offering to acquire two properties, including addi- • Take advantage of the LaSalle Group’s investment management capabilities with an strong track record first follow on equity raise since listing, LLR announced the 2 of developing and investing in logistics facilities in Japan tional interests in an existing portfolio property, totaling 35 acquisition of five properties and the sale of one property.
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