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Balance of assets in custody

Kenedix places the balance of Assets Under Management ("AUM") as one of the most important management index. Kenedix is focusing on developing AUM and establishing the solid income platform.

受託資産残高の推移
type Year to
December 31,
2001
Year to
December 31,
2002
Year to
December 31,
2003
Year to
December 31,
2004
Year to
December 31,
2005
Year to
December 31,
2006
Year to
December 31,
2007
Office 42.6 66 74.2 134.7 198.4 256.7 297.4
Residential 12 11 21.1 44.6 81.4 112.2 152.7
Commercial facilities 13.8 6.7 6.7 30.8 40.8 91.8 109.7
Logistics facilities - - 3.8 29.3 58.3 71 94.2
Other - - - 0.9 6.7 12.6 80.9
Total 68.5 83.8 105.9 240.4 385.7 544.4 734.9

The Kenedix Group uses the following standards for calculating the balance of AUM.

  1. AUM includes real estate properties where the Kenedix Group performs asset management services, but does not include to-be-completed development projects.
  2. AUM uses the acquisition cost of a property (net of taxes). Costs associated with acquisitions, capital expenditures to add a property’s value and other related items are included in the book value of a property for accounting purposes. However, these items are not included in AUM.
  3. AUM includes properties that the Kenedix Group holds itself for a short period of time. AUM also includes properties held by J-REITs and A-LPT that are managed by Kenedix affiliates (Kenedix Realty Investment, Japan Logistics Fund and Challenger Kenedix Japan Trust).