Financial Highlights

Japan Logistics Fund, Inc. (JLF) and its asset-manager, Mitsui & Co. Logistics Partners, Ltd., have placed the provision of a stable dividend to investors as one of its top management priorities.

 

The results from JLF's 9th fiscal period have enabled us to authorize a 17,234 yen dividend per unit, which is a increase of 8.0% from the previous fiscal period's dividend of 15,951 yen.

The following chart summarizes our financial data for the 8th and 9th fiscal periods.

 

	9th Fiscal Period (Aug. 1, 2009 - Jan. 31, 2010)	8th Fiscal Period (Feb. 1, 2009 - Jul. 31, 2009)	Change
Revenues	4,576 million yen	4,523 million yen	1.2%
Operating Income	2,108 million yen	1,951 million yen	8.0%
Net Income	2,107 million yen	1,950 million yen	8.0%
Dividend per Unit	17,234 yen	15,951 yen	8.0%
FFO per Unit	25,333 yen	26,633 yen	4.9%
FFO Payout Ratio	68.0%	59.9%	8.1%
No. of Units Issued	122,300 units	122,300 units	N/A
Total Rentable Area	578,366.34m2	578,470.67m2	104.33m2
No. of Properties	26 properties	26 properties	0
End-of-Period Occupancy	99.2%	99.2%	0.0%

 

Regarding debt management, we conduct operations in accordance with our conservative financial strategy. The ratio of interest-bearing debt stands at 24.8% and the amount of loans outstanding is 30.2 billion yen as of the end of the 9th fiscal period.

 

We also assume that external growth will be necessary to achieve further diversification of the sources of our cash flow.

 

Kenichiro Matsuoka
CFO
Mitsui & Co., Logistics Partners Ltd.