JRE aims at stable asset management on a medium-to long term basis by maintaining sound financial position.
Secure sound financial position
|(Note)||Interest-bearing debt ratio (LTV) (%) = Interest bearing debts/ Total assets ×100|
■ Issuance of investment units
JRE procures funds by issuance of investment units to allocate funds for repaymaent of loans and acquisition of assets, etc.
■ Interest-bearing debt
JRE mainly obtains loans from financial institutions for property acquisition and also issue investment corporation bonds for the same purpose.
|Loans||Investment Corporation Bonds|
|Purpose||Funds for acquisition of assets, repairing cost and operation fee for properties in its possesions|
|Limit||Up to one trillion yen|
|Lenders||Qualified institutional investors||−|
|Collateral||Invested assets may be provided as collateral in some cases.|
■ Secure capability of financing
JRE secures the capability of fund raising with long-term and large amount at low interest rate for stable management.
■ Long-term and fixed interest-bearing debt
JRE maintains high ratio of long-term and fixed interest-bearing debt in case of risks causing from higher interst rate.
JRE adopts LTV target level in the range of 30% for the conservative financing.