tokyu land corporation

Financial Highlights FY2022 Ended March-31, 2023

 

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Contents

Progress of Medium-Term Management Plan

Summary of the Financial Results for FY2022, and Forecast for FY2023

Segment Overview

Urban Development

Strategic Investment

Property Management & Operation

Real Estate Agents

Sustainability and DX Initiatives

Overview of the Medium-term management plan 2025

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② Vacancy Rate and Rent and Portfolio Characteristics

These are movements in vacancy rates and rents.

As of the end of March 31, 2023, the vacancy rate was 1.1%.
Although the vacancy rate temporarily rose as a result of the completion of Kudan-Kaikan Terrace in July 2022, the contract rate for this building is already 100%, and the vacancy rate is falling alongside transfers to tenants.
Excluding Kudan-Kaikan Terrace, the vacancy rate remains low at 0.7% as of the end of March 31, 2023.

Average rent at offices came to 28,560 yen a month per tsubo as of March 31, 2023.