Singapore Exchange Ltd. · SGX:S68
Singapore Exchange — Saizen REIT — Investor Presentation (November 2009)
7 slides from Singapore Exchange's investor presentation, Nov 11, 2009
Slide 1: Unitholders Information Meeting Presentation
www.saizenreit.com.sg Unitholders Information Meeting Presentation 11 November 2009 Prepared by Japan Residential Assets Manager Limited (Manager of Saizen REIT)
Slide 2: Disclaimer
Disclaimer • The value of units (the “Units”) of Saizen Real Estate Investment Trust (“Saizen REIT”) and the income derived from them, if any, may fall or rise. Units are not obligations of, deposits in, or guaranteed by, Japan Residential Assets Manager Limited as manager of Saizen REIT (the “Manag
Slide 3: Key Highlights
Key Highlights Distribution Expect to start accumulating cash for distribution in the last quarter (April 2010 to June 2010) Expect to resume distribution for current financial year ending 30 June 2010 Not to be affected by YK Shintoku loan maturity default Credit market and financing Cr
Slide 4: Key Highlights
Key Highlights Property Maturity Prevailing Loan Amount Value Company date Interest Rate JPY (million) JPY (million) YK Shinzan - - - 4,796.8 YK Kokkei Nov 2009 3.59% 787.2 - CMBS 1,427.0 YK Shingen Dec 2009 3.00% 4,620.0 - CMBS 9,756.5 YK Keizan Jan 2010 3.63% 1,536.3 - CMBS 2,754.5 6,943.5 18,734.
Slide 5: Key Highlights
Key Highlights Operations remain stable Property operations remained stable despite severe economic downturn Average tenant turnover at 22% in FY2009 vs 21% in FY2008 Rental reversion of new contracts entered into during leasing season (January to April 2009) were marginally lower by 6.5%
Slide 6: Key Financial Information
Keyy Financial Information NAV per Unit(1) at 30 June 2009 JPY26.05 S$0.40 NAV per Unit (excluding YK Shintoku(2)) JPY23.49 S$0.36 Diluted NAV per Unit(3) (adjusted for exercise of warrants) JPY20.37 S$0.31 Diluted NAV per Unit (adjusted for exercise of warrants and excluding YK Shintoku(2)) JPY18.6
Slide 7: SaizenFell ):
SaizenFell ):