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Changes in occupancy rate and asset size

(%)
Use Area 35th FP
(Sep. 30, 2019)
36th FP
(Mar. 31, 2020)
37th FP
(Sep. 30, 2020)
38th FP
(Mar. 31, 2021)
39th FP
(Sep. 30, 2021)
Office
buildings
Tokyo Shiodome Building (Note 1) 100.0 100.0 100.0 100.0 100.0
(53.5)
Hitachi Headquarters Building
ON Building 100.0 100.0 100.0 100.0 100.0
Kioicho Building (Note 2) 99.9
(98.5)
99.9
(98.7)
99.9
(98.7)
90.8
(89.5)
89.7
(89.7)
Kamiyacho Trust Tower (Note 3) 100.0
(97.3)
Akasaka-mitsuke MT Building
Ginza MTR Building
Mita MT Building
Osaki MT Building (Note 4) 100.0
(91.8)
100.0
(97.8)
100.0
(99.1)
100.0
(85.0)
100.0
(85.8)
Osaka Marubeni Building
Midosuji MTR Building (Note 5) 100.0
(100.0)
100.0
(100.0)
100.0
(98.4)
100.0
(95.6)
100.0
(100.0)
Hiroo MTR Building (Note 6) 100.0 100.0 100.0 100.0 87.5
Tenjin Prime (Note 6) 100.0 100.0 100.0 100.0 100.0
Shin-Yokohama TECH Building 100.0 100.0 100.0 100.0 100.0
Subtotal 99.9
(99.2)
99.9
(99.7)
99.9
(99.7)
98.9
(97.3)
98.4
(80.6)
Retail
facilities
SHIBUYA FLAG (Note 6) 100.0 100.0 100.0 92.2 92.2
Shinbashi Ekimae MTR Building 100.0 100.0 100.0 100.0 100.0
Ito-Yokado Shin-Urayasu
Ito-Yokado Shonandai 100.0 100.0 100.0 100.0 100.0
Kohnan Sagamihara-Nishihashimoto 100.0 100.0 100.0 100.0 100.0
Frespo Inage 100.0 100.0 100.0 100.0 100.0
Subtotal 100.0 100.0 100.0 99.7 99.7
Other
Hotel Okura Kobe 100.0 100.0 100.0 100.0 100.0
Park Lane Plaza 95.9 92.9 100.0 95.9 100.0
Subtotal 99.8 99.6 100.0 99.8 100.0
Total 99.9
(99.6)
99.9
(99.8)
99.9
(99.9)
99.3
(98.6)
99.1
(91.9)
(Note 1) A master lease agreement, under which rent income is linked to rents under sublease agreements, has been used for the office and store sections, and a master lease agreement specifying a fixed rent has been used for the hotel section of Tokyo Shiodome Building since April 1, 2021. Therefore, the numbers in parentheses of the occupancy rates of the properties as of September 30, 2021, represent occupancy rates based on sublease agreements for the office and store section and occupancy rates based on the master lease agreement for the hotel section.
(Note 2) For the office section, MTR leases the building portion of the Kioicho Building from a fiduciary trust company under a master lease agreement, and subleases it to tenants. For the residential section, MTR enters into a pass-through master lease agreement. The occupancy rate in the table above is based on the sublease agreement for the office section and those based on the master lease agreement for the residential section. The figure in brackets for the occupancy rate of this building is the occupancy rate based on the sublease agreement for the office and the residential sections.
(Note 3) A master lease agreement, under which rent income is linked to the rents for joint management units, is used for Kamiyacho Trust Tower, and the number in parentheses of the occupancy rate of the property is the occupancy rate of the entire joint management units.
(Note 4) A master lease agreement under which rent income is linked to rents under the sublease agreements has been concluded for Osaki MT Building, and the figures in brackets for the occupancy rates of these buildings are the occupancy rates based on sublease agreements.
(Note 5) The agreement used for the Midosuji MTR Building is the master lease pass-through model, and the occupancy rate in brackets for the building is that based on the sublease agreement.
(Note 6) MTR leases the land and building of Tenjin Prime and SHIBUYA FLAG from a fiduciary trust company under a master lease agreement and subleases it to tenants. The occupancy rate of the properties above is anoccupancy rate under the sublease agreements.
(Note 7) The numbers in parentheses of subtotal and total occupancy rates represent occupancy rates based on sublease agreements for Kioicho Building, Osaki MT Building, and Midosuji MTR Building and the occupancy rate calculated based on the occupancy rate of the entire joint management units for Kamiyacho Trust Tower. The occupancy rate of Tokyo Shiodome Building as of September 30, 2021, was calculated according to Note 1.