tokyu land corporation

Financial Highlights FY2024 First Quarter (First Three Months) Ended June 30, 2024

 

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Contents

Highlights

Progress of Medium-Term Management Plan and Initiatives to Enhance Corporate Value

Summary of the FY2024 First Quarter (First Three Months) Ended June 30, 2024

Segment Overview

Initiatives for Co-Creation with Partners and Utilization of Regional Resources

Sustainability and DX Initiatives

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Market value appraisal for leased properties

This slide is about the market value appraisal for leased properties as of March 31, 2024.

As shown in the table at the top, unrealized gains on real estate for rent, including office buildings and commercial facilities, were 408.4 billion yen, an increase of 108.7 billion yen from the end of the previous fiscal year.
The increase in unrealized gains was mainly due to the addition of newly completed properties such as Shibuya Sakura Stage.

The NOI yield for operating rental properties is approximately 5%.