3269 Ｒ－ＡＤＲ 2021-06-14 15:30:00
Current Effects of COVID19 on Profit Outlook as of May 2021 [pdf]
Current Effects of COVID19 on Profit Outlook
as of May 2021
The occupancy rate was 95.2%, down 0.6% from the previous month in May 2021.
In May we usually see lower occupancy rates as in April. Out of all, the drop from the previous month was
larger than last year.
The reason is that we could not steadily lease-up the vacancies. For details, cancellation rate increased by
0.4% year-over-year, on the other hand, contract rate increased by only 0.2% year-over-year.
We will continue to carefully grasp the trends in the rental housing market and take measures to maintain
and improve the occupancy rate.
We will continue to disclose the effects of COVID19 till we see some end to the pandemic.
100%
98%
96%
94%
Tokyo Station 5km Radius Tokyo Station 10km Radius
92% Other Areas within the 23 Wards of Tokyo Tokyo Metropolitan Region
Other Regions
90%
20/3 20/4 20/5 20/6 20/7 20/8 20/9 20/10 20/11 20/12 21/1 21/2 21/3 21/4 21/5
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1. Occupancy
21th FP 22nd FP
Earning
Period Guideline
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Average Assumption
Occupancy Rat 96.2% 96.1% 95.8% 95.8% 95.8% 96.0% 96.4% 97.0% 95.8% 95.2% 96.1% 96.4%
YoY Change -0.6% -0.9% -0.9% -1.0% -1.0% -1.0% -0.9% -0.5% -0.7% -0.9% -0.8% -
2. Changes in the number of monthly new contract rate* and new contracts**
21th FP 22nd FP
Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Contract Rate 1.3% 1.4% 1.4% 1.4% 1.5% 1.6% 1.7% 2.5% 1.4% 1.2%
YoY Change +0.2% -0.1% -0.0% +0.2% +0.2% +0.3% +0.1% +0.2% -0.1% +0.2%
Contracts 262 300 286 332 334 375 403 601 327 271
YoY Rate of +6.5% -8.5% -3.1% +27.2% +17.6% +29.8% +16.8% +20.7% -3.3% +18.9%
Change
3. Changes in the number of monthly cancellation rate* and cancellations**
21th FP 22nd FP
Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Cancellation Rate 1.4% 1.5% 1.7% 1.4% 1.6% 1.4% 1.2% 1.9% 2.6% 1.8%
YoY Change +.0.1% +.0.3% +.0.0% +.0.3% +0.2% +0.3% +0.1% -0.1% +0.1% +0.4%
Cancellations 329 320 377 311 347 325 283 454 567 414
YoY Rate of +14.6% +18.1% +5.9% +22.4% +16.1% +30.0% +9.3% +6.8% +4.0% +28.2%
Change
* The contract (cancellation) rate is calculated by dividing the contracted (canceled) area by the leasable area.
** Only applicable to pass-through contract units.
About Advance Residence Investment Corporation
Advance Residence Investment Corporation is the largest residential J-REIT, investing in over 270 rental apartments located mostly in central
Tokyo and in other major cities throughout Japan (AUM over 450 billion yen). ADR can be expected have a stable dividend in the long-term and
can be considered as a defensive J-REIT, on back of the stable income from residential assets and with the largest dividend reserve among J-REITs.
ADR’s website: https://www.adr-reit.com/en/
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