2020年2月期（第8期）決算説明会資料 ラサールロジポート ......lasalle logiport...
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PowerPoint LaSalle LOGIPORT REIT 2
01 P 3
02 8 P 15
03 P 20
04 P 31
05 P 35
3
DPU+13
+7.1%
10
10
2,792 2,792 2,792 2,775 2,794
164 99 4 178 161
895
25.6%
10.6%
E 6.0%
3.5%
2.1%
5.7%
15.8%
12 68 PC
E
1 0.2
LaSalle LOGIPORT REIT
20209
SPC
2
10 80,735 74.5%60,135 2,5874
326,598 7.6%2,023 5,5454 9 100%
LaSalle LOGIPORT REIT
11
11
3E30,000 12
2019/12
13
20,000
9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28
20/8 21/2 21/8 22/2 22/8 23/2 23/8 24/2 24/8 25/2 25/8 26/2 26/8 27/2 27/8 28/2 28/8 29/2 29/8 30/2
20,000
10,000
5,000
15,000
15
2,453
2,650
NAV
100,300
2) – + ÷ 6A 72
1(1)
LaSalle LOGIPORT REIT
202028
8,624 8,742 118 6,768 6,899 131 97.3%⇒98.3% 356 330 -26 734 729 -5 765 781 16 16
2,446 2,332 -114 450 412 -38 366 320 -46 204 177 -27 CAPEX 923 921 -2 449 449 - 52 49 -3
- 6,178 6,410 232 NOI 5,602 5,819 217
918 1,047 129 408 424 16 41 34 -7 114 111 -3 25 31 6
1,508 1,648 140
LTV 42.4% 42.6% 0.2% TMK 16 16 -
8,742 7,445 -1,297 6,899 7,079 180 8 330 365 35 729 - -729 781 - -781
2,332 2,559 227 412 386 -26 320 370 50 177 140 -37 921 937 16 CAPEX 449 667 218 49 56 7
- 6,410 4,886 -1,524 NOI 5,819 5,823 4
1,047 845 -202 424 394 -30 34 7 -27 111 111 - 31 - -31
1,648 1,358 -290
1 3,492 2,586 -906 1 178 206 28
LTV 42.6% 42.9% 0.3% 16 16 -
9 (b)
LaSalle LOGIPORT REIT
2021210
7,445 7,440 -5 7,079 7,073 -6 365 367 2
2,559 2,536 -23 386 337 -49 370 368 -2 140 156 16 937 952 15 CAPEX 667 667 - 56 53 -3
4,886 4,904 18 NOI 5,823 5,857 34
845 848 3 394 389 -5 7 7 - 111 133 22
1,358 1,379 21
1 2,586 2,585 -1 1 206 209 3
LTV 42.9% 43.0% 0.0% 16 16 -
910
9 (a)
10 (b)
03
20
1511118 9 9 16
(3)
5 60km JR60km 45kmJR45km
(1)
35 330,000
(1)
3PL 3PL
3PL 3PL 3PL
8 (1)
29.1
82.0
(4) 11 30 22 17 51 12 - -
LaSalle LOGIPORT REIT
311(1)
%
1 (5) 145,801 212 233 8.6 20151 4.6 1.3
2 (5) 200,045 230 255 9.4 20138 4.8 0.5
3 104,302 253 295 10.3 201210 4.6 0.9
5 B 133,414 266 302 10.8 20087 4.8 2.3
6 A 100,235 190 198 7.7 19874 5.0 6.5
7 B 117,546 191 216 7.8 19914 5.5 6.2
8 C 116,997 237 257 9.6 20019 4.9 6.3
9 50,742 119 122 4.9 20111 4.7 4.4
11 40,878 93 104 3.8 20187 5.1 1.6
12 23,570 64 65 2.6 20161 4.6 3.5
13 - 11 15 0.5 - 3.8 -
1 30,696 81 85 3.3 201610 4.8 6.5
2 20,428 41 47 1.7 20188 5.3 7.6
3 (5) 117,037 176 187 7.2 20182 4.6 8.4
4 - 43 46 1.8 - 4.4 -
5 (5) 258,704 245 283 10.0 201710(6) 5.3 5.7
1,460,401 2,456 2,711 100.0 4.9 2.7
LLR-2 139,551 11 - - 20182 - -
26
LaSalle LOGIPORT REIT
(2) (4)
20163 20198 20202(1) -
1 90.1% 100.0% 99.9% -0.1 pt 15 2.9 100.0%
2 97.9% 99.7% 99.7% - 19 3.2 100.0
3 100.0% 100.0% 100.0% - 7 2.3 100.0
5 B 99.7% 99.9% 99.9% - 8 2.4 100.0
6 A 95.5% 95.3% 96.8% +1.5 pt 23 0.6 37.1
7 B 94.4% 95.2% 95.2% - 17 0.8 43.9
8 C 95.2% 98.8% 98.8% - 18 1.3 45.1
9 - 100.0 100.0 - 4 1.5 100.0
11 - 100.0 100.0 - 1 -(5) 100.0
12 - 100.0 100.0 - 1 -(5) 100.0
13 - 100.0 100.0 - 1 - -
1 - 100.0 100.0 - 1 -(5) 100.0
2 - 100.0 100.0 - 1 -(5) 100.0
3 - 99.9 99.9 - 12 4.2 100.0
4 - 100.0 100.0 - 1 - -
5 - - 95.9 - 13 4.1 100.0
96.5% 98.8 98.7 -0.2 pt 142(6) 2.9 84.5%
LLR2 - - 35.8 - 7 - 100.0
(1) LLR-2 (2) 20202LLR-2 (3) (4) (5) (6) 27
LaSalle LOGIPORT REIT
5
10
(2)
24.2 %
39.9 %
()
0
5,000
10,000
15,000
20,000
9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28
20/8 21/2 21/8 22/2 22/8 23/2 23/8 24/2 24/8 25/2 25/8 26/2 26/8 27/2 27/8 28/2 28/8 29/2 29/8 30/2
LaSalle LOGIPORT REIT
70.0%
80.0%
90.0%
100.0%
5.8 5.5 5.2 4.7 4.8 4.67.0 7.1 7.1 7.0 7.1 7.2
0.61% 0.61% 0.59% 0.59%
1,122 12
LaSalle LOGIPORT REIT
04
31
0%
1%
2%
3%
4%
5%
6%
7%
8%
9%
10%
0.0 0.2 0.4 0.6 0.8 1.0 1.2 1.4 1.6 1.8 2.0 2.2 2.4 2.6 2.8
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
1 (2)(
CBRE
0%
20%
40%
60%
80%
100%
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
(3)
(3) 1 (4)
0%
2%
4%
6%
8%
10%
12%
14%
0.0
0.2
0.4
0.6
0.8
1.0
1.2
1.4
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
1
(1)
(2)(
0%
20%
40%
60%
80%
100%
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
(3)
N/A(4) N/A(4) N/A(4)
33
3.0
2.7
20194Q 2020/2021
35
37,384
104,314
(1)
0 10
0 10
198 m2
377 m2
201912 38
127,165
23,757
20%
16,500
CASBEE S A
24365
42
PRI TCFD
2019TCFD
UNEP FI
GRESB 2019GRESB 147
ESG ESG
• ESG ESG ESG
DBJ Green Building
1
LaSalle LOGIPORT REIT
2016 DTU4 E-
E-
E-
E-
/
DTUE
44
45
LOGIPORT
24 24
2
28
(1) (3)
CBRE (1) 10,00020193 (2) (3) 10,00020183 49
39%
DPU
20202
6,942 8,758 1 3,200 3,670
NOI 4,740 5,819 1 3,048 3,492
729 921 152 178
NOI 4,011 4,898 1AFFO 3,544 3,966
772 1,047 1NAV 119,615 121,413
4,064 5,233 1 100,640 106,046
353 424 146,800 176,600
3,687 4,759 177,628 240,705
3,872 5,002 4.32% 4.17%
129 275 PBR 1.46 1.67
FFO 4,416 5,681 NAV 1.28 1.46
AFFO 4,287 5,405 ROE 6.1% 6.6%
211,573 245,686 AFFO 90.3% 92.5%
211,292 245,242
231,790 271,190
20,497 25,947
9.7% 10.6%
NOI 4.4% 4.8% 3.8% 4.0%
LTV 43.5% 42.6%
LTV 39.8% 38.8%
1,210,000 1,363,000 NAV 138,401 165,486
4. LTV÷-+
5. NAV= – +
6. 1÷
7. PBR(÷1
8. NAV÷1NAV
10. AFFO÷AFFO
LaSalle LOGIPORT REIT
1AB
A1 B A B C
8 182 182 182 1 182 182 182 182 182 607,181 721,345 759,910 757,415 605,355 700,382 771,591 345,135
563,595 660,528 685,549 688,419 545,245 577,307 690,352 320,917 43,586 60,816 74,360 68,995 60,110 123,075 81,239 24,217
204,263 230,734 286,335 337,196 192,632 265,028 256,463 125,463 20,141 32,546 31,924 34,683 52,683 46,667 53,576 18,070 29,189 41,331 59,977 44,035 18,498 29,389 38,380 18,983 53,434 59,578 72,319 51,695 40,189 61,148 59,538 26,250 842 993 1,198 2,208 1,094 1,370 1,458 522 3,198 5,002 23,468 43,612 22,120 50,934 10,097 17,372 75,107 68,106 91,560 130,931 54,062 72,873 90,559 41,267 22,348 23,176 5,887 30,029 3,984 2,645 2,852 2,996
402,918 490,611 473,574 3,848 424,067 412,723 435,353 515,127 219,671 NOI 478,025 558,717 565,134 1,536 552,686 466,785 508,227 605,687 260,938
52
8 1 182 182 182 182 182 182 182 158 450,363 639,766
428,727 609,018 21,635 30,748
111,419 179,050 17,425 23,666 17,613 23,268 2 2 2 2 2 2 68 2 - 544 1,292 786 888 71,351 117,253 3,631 12,681
1,761 218,946 132,792 29,425 151,619 95,830 338,944 101,407 460,715 NOI 910 254,984 153,711 29,425 182,601 115,671 410,295 101,407 577,969
2
LaSalle LOGIPORT REIT
(1)
53
6,942,330 8,758,378 5,483,767 6,638,340 513,295 591,822 - 798,547 945,267 729,667
2,877,633 3,524,550 1,985,716 2,332,043 772,387 1,047,556 29,145 34,640 3,600 3,600 10,500 12,000 76,284 94,709
4,064,697 5,233,827 54 6,209
54 68 - 2,655 - 1,968 - 1,516
376,358 479,666 243,788 274,922 26,786 26,544 3,656 3,656 2,053 7,280 5,656 5,815 17,573 27,325 76,843 117,128 - 16,993
3,688,393 4,760,370 3,688,393 4,760,370
703 848 3,687,689 4,759,522 741 351 3,688,431 4,759,873
11,646,648 16,238,236 6,744,682 9,977,243 4,236,219 4,963,911 665,744 1,297,080
212,964,396 246,941,343 211,292,178 245,242,569 1,672,218 1,698,773
82,530 103,938 7,922 4,265 22,584 34,348 52,023 65,324
224,693,574 263,283,518 6,017,624 14,238,278
190,204 278,523 1,930,000 - 1 1,300,000 10,740,000 890,527 1,266,021 1,051,574 1,228,031 655,316 725,703
96,900,743 104,504,275 11,500,000 14,500,000 82,931,000 87,004,000 2,469,743 3,000,275
102,918,368 118,742,554 121,775,206 121,775,206
(1) 118,086,775 139,781,090 3,688,431 4,759,873
121,775,206 144,540,963 224,693,574 263,283,518
LaSalle LOGIPORT REIT
2 274,835 20.16%
3 64,685 4.74%
4 NSI CUSTOMER SECURED 30.7. OMNIBUS(3) 46,200 3.38%
5 42,278 3.10%
6 BNYM AS AGT/CLTS 10 PERCENT 23,871 1.75%
7 STATE STREET BANK WEST CLIENT-TREATY 505234 20,039 1.47%
8 STATE STREET BANK AND TRUST COMPANY 505223 15,723 1.15%
9 14,551 1.06%
790,141 57.97%
(2)
2019 8
122 1.24 840,020 61.63%
230 2.34 30,703 2.25%
232 2.36 364,534 26.74%
20 0.20 33,359 2.44%
9,794 100.0 1,363,000 100.0%
54
197862 92 2863
1
PwC
REIT
REIT
16
17
18
19
03
21
22
23
24
25
26
27
28
29
30
04
32
33
34
36
37
38
39
40
41
42
43
44
01 P 3
02 8 P 15
03 P 20
04 P 31
05 P 35
3
DPU+13
+7.1%
10
10
2,792 2,792 2,792 2,775 2,794
164 99 4 178 161
895
25.6%
10.6%
E 6.0%
3.5%
2.1%
5.7%
15.8%
12 68 PC
E
1 0.2
LaSalle LOGIPORT REIT
20209
SPC
2
10 80,735 74.5%60,135 2,5874
326,598 7.6%2,023 5,5454 9 100%
LaSalle LOGIPORT REIT
11
11
3E30,000 12
2019/12
13
20,000
9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28
20/8 21/2 21/8 22/2 22/8 23/2 23/8 24/2 24/8 25/2 25/8 26/2 26/8 27/2 27/8 28/2 28/8 29/2 29/8 30/2
20,000
10,000
5,000
15,000
15
2,453
2,650
NAV
100,300
2) – + ÷ 6A 72
1(1)
LaSalle LOGIPORT REIT
202028
8,624 8,742 118 6,768 6,899 131 97.3%⇒98.3% 356 330 -26 734 729 -5 765 781 16 16
2,446 2,332 -114 450 412 -38 366 320 -46 204 177 -27 CAPEX 923 921 -2 449 449 - 52 49 -3
- 6,178 6,410 232 NOI 5,602 5,819 217
918 1,047 129 408 424 16 41 34 -7 114 111 -3 25 31 6
1,508 1,648 140
LTV 42.4% 42.6% 0.2% TMK 16 16 -
8,742 7,445 -1,297 6,899 7,079 180 8 330 365 35 729 - -729 781 - -781
2,332 2,559 227 412 386 -26 320 370 50 177 140 -37 921 937 16 CAPEX 449 667 218 49 56 7
- 6,410 4,886 -1,524 NOI 5,819 5,823 4
1,047 845 -202 424 394 -30 34 7 -27 111 111 - 31 - -31
1,648 1,358 -290
1 3,492 2,586 -906 1 178 206 28
LTV 42.6% 42.9% 0.3% 16 16 -
9 (b)
LaSalle LOGIPORT REIT
2021210
7,445 7,440 -5 7,079 7,073 -6 365 367 2
2,559 2,536 -23 386 337 -49 370 368 -2 140 156 16 937 952 15 CAPEX 667 667 - 56 53 -3
4,886 4,904 18 NOI 5,823 5,857 34
845 848 3 394 389 -5 7 7 - 111 133 22
1,358 1,379 21
1 2,586 2,585 -1 1 206 209 3
LTV 42.9% 43.0% 0.0% 16 16 -
910
9 (a)
10 (b)
03
20
1511118 9 9 16
(3)
5 60km JR60km 45kmJR45km
(1)
35 330,000
(1)
3PL 3PL
3PL 3PL 3PL
8 (1)
29.1
82.0
(4) 11 30 22 17 51 12 - -
LaSalle LOGIPORT REIT
311(1)
%
1 (5) 145,801 212 233 8.6 20151 4.6 1.3
2 (5) 200,045 230 255 9.4 20138 4.8 0.5
3 104,302 253 295 10.3 201210 4.6 0.9
5 B 133,414 266 302 10.8 20087 4.8 2.3
6 A 100,235 190 198 7.7 19874 5.0 6.5
7 B 117,546 191 216 7.8 19914 5.5 6.2
8 C 116,997 237 257 9.6 20019 4.9 6.3
9 50,742 119 122 4.9 20111 4.7 4.4
11 40,878 93 104 3.8 20187 5.1 1.6
12 23,570 64 65 2.6 20161 4.6 3.5
13 - 11 15 0.5 - 3.8 -
1 30,696 81 85 3.3 201610 4.8 6.5
2 20,428 41 47 1.7 20188 5.3 7.6
3 (5) 117,037 176 187 7.2 20182 4.6 8.4
4 - 43 46 1.8 - 4.4 -
5 (5) 258,704 245 283 10.0 201710(6) 5.3 5.7
1,460,401 2,456 2,711 100.0 4.9 2.7
LLR-2 139,551 11 - - 20182 - -
26
LaSalle LOGIPORT REIT
(2) (4)
20163 20198 20202(1) -
1 90.1% 100.0% 99.9% -0.1 pt 15 2.9 100.0%
2 97.9% 99.7% 99.7% - 19 3.2 100.0
3 100.0% 100.0% 100.0% - 7 2.3 100.0
5 B 99.7% 99.9% 99.9% - 8 2.4 100.0
6 A 95.5% 95.3% 96.8% +1.5 pt 23 0.6 37.1
7 B 94.4% 95.2% 95.2% - 17 0.8 43.9
8 C 95.2% 98.8% 98.8% - 18 1.3 45.1
9 - 100.0 100.0 - 4 1.5 100.0
11 - 100.0 100.0 - 1 -(5) 100.0
12 - 100.0 100.0 - 1 -(5) 100.0
13 - 100.0 100.0 - 1 - -
1 - 100.0 100.0 - 1 -(5) 100.0
2 - 100.0 100.0 - 1 -(5) 100.0
3 - 99.9 99.9 - 12 4.2 100.0
4 - 100.0 100.0 - 1 - -
5 - - 95.9 - 13 4.1 100.0
96.5% 98.8 98.7 -0.2 pt 142(6) 2.9 84.5%
LLR2 - - 35.8 - 7 - 100.0
(1) LLR-2 (2) 20202LLR-2 (3) (4) (5) (6) 27
LaSalle LOGIPORT REIT
5
10
(2)
24.2 %
39.9 %
()
0
5,000
10,000
15,000
20,000
9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28
20/8 21/2 21/8 22/2 22/8 23/2 23/8 24/2 24/8 25/2 25/8 26/2 26/8 27/2 27/8 28/2 28/8 29/2 29/8 30/2
LaSalle LOGIPORT REIT
70.0%
80.0%
90.0%
100.0%
5.8 5.5 5.2 4.7 4.8 4.67.0 7.1 7.1 7.0 7.1 7.2
0.61% 0.61% 0.59% 0.59%
1,122 12
LaSalle LOGIPORT REIT
04
31
0%
1%
2%
3%
4%
5%
6%
7%
8%
9%
10%
0.0 0.2 0.4 0.6 0.8 1.0 1.2 1.4 1.6 1.8 2.0 2.2 2.4 2.6 2.8
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
1 (2)(
CBRE
0%
20%
40%
60%
80%
100%
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
(3)
(3) 1 (4)
0%
2%
4%
6%
8%
10%
12%
14%
0.0
0.2
0.4
0.6
0.8
1.0
1.2
1.4
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
1
(1)
(2)(
0%
20%
40%
60%
80%
100%
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
(3)
N/A(4) N/A(4) N/A(4)
33
3.0
2.7
20194Q 2020/2021
35
37,384
104,314
(1)
0 10
0 10
198 m2
377 m2
201912 38
127,165
23,757
20%
16,500
CASBEE S A
24365
42
PRI TCFD
2019TCFD
UNEP FI
GRESB 2019GRESB 147
ESG ESG
• ESG ESG ESG
DBJ Green Building
1
LaSalle LOGIPORT REIT
2016 DTU4 E-
E-
E-
E-
/
DTUE
44
45
LOGIPORT
24 24
2
28
(1) (3)
CBRE (1) 10,00020193 (2) (3) 10,00020183 49
39%
DPU
20202
6,942 8,758 1 3,200 3,670
NOI 4,740 5,819 1 3,048 3,492
729 921 152 178
NOI 4,011 4,898 1AFFO 3,544 3,966
772 1,047 1NAV 119,615 121,413
4,064 5,233 1 100,640 106,046
353 424 146,800 176,600
3,687 4,759 177,628 240,705
3,872 5,002 4.32% 4.17%
129 275 PBR 1.46 1.67
FFO 4,416 5,681 NAV 1.28 1.46
AFFO 4,287 5,405 ROE 6.1% 6.6%
211,573 245,686 AFFO 90.3% 92.5%
211,292 245,242
231,790 271,190
20,497 25,947
9.7% 10.6%
NOI 4.4% 4.8% 3.8% 4.0%
LTV 43.5% 42.6%
LTV 39.8% 38.8%
1,210,000 1,363,000 NAV 138,401 165,486
4. LTV÷-+
5. NAV= – +
6. 1÷
7. PBR(÷1
8. NAV÷1NAV
10. AFFO÷AFFO
LaSalle LOGIPORT REIT
1AB
A1 B A B C
8 182 182 182 1 182 182 182 182 182 607,181 721,345 759,910 757,415 605,355 700,382 771,591 345,135
563,595 660,528 685,549 688,419 545,245 577,307 690,352 320,917 43,586 60,816 74,360 68,995 60,110 123,075 81,239 24,217
204,263 230,734 286,335 337,196 192,632 265,028 256,463 125,463 20,141 32,546 31,924 34,683 52,683 46,667 53,576 18,070 29,189 41,331 59,977 44,035 18,498 29,389 38,380 18,983 53,434 59,578 72,319 51,695 40,189 61,148 59,538 26,250 842 993 1,198 2,208 1,094 1,370 1,458 522 3,198 5,002 23,468 43,612 22,120 50,934 10,097 17,372 75,107 68,106 91,560 130,931 54,062 72,873 90,559 41,267 22,348 23,176 5,887 30,029 3,984 2,645 2,852 2,996
402,918 490,611 473,574 3,848 424,067 412,723 435,353 515,127 219,671 NOI 478,025 558,717 565,134 1,536 552,686 466,785 508,227 605,687 260,938
52
8 1 182 182 182 182 182 182 182 158 450,363 639,766
428,727 609,018 21,635 30,748
111,419 179,050 17,425 23,666 17,613 23,268 2 2 2 2 2 2 68 2 - 544 1,292 786 888 71,351 117,253 3,631 12,681
1,761 218,946 132,792 29,425 151,619 95,830 338,944 101,407 460,715 NOI 910 254,984 153,711 29,425 182,601 115,671 410,295 101,407 577,969
2
LaSalle LOGIPORT REIT
(1)
53
6,942,330 8,758,378 5,483,767 6,638,340 513,295 591,822 - 798,547 945,267 729,667
2,877,633 3,524,550 1,985,716 2,332,043 772,387 1,047,556 29,145 34,640 3,600 3,600 10,500 12,000 76,284 94,709
4,064,697 5,233,827 54 6,209
54 68 - 2,655 - 1,968 - 1,516
376,358 479,666 243,788 274,922 26,786 26,544 3,656 3,656 2,053 7,280 5,656 5,815 17,573 27,325 76,843 117,128 - 16,993
3,688,393 4,760,370 3,688,393 4,760,370
703 848 3,687,689 4,759,522 741 351 3,688,431 4,759,873
11,646,648 16,238,236 6,744,682 9,977,243 4,236,219 4,963,911 665,744 1,297,080
212,964,396 246,941,343 211,292,178 245,242,569 1,672,218 1,698,773
82,530 103,938 7,922 4,265 22,584 34,348 52,023 65,324
224,693,574 263,283,518 6,017,624 14,238,278
190,204 278,523 1,930,000 - 1 1,300,000 10,740,000 890,527 1,266,021 1,051,574 1,228,031 655,316 725,703
96,900,743 104,504,275 11,500,000 14,500,000 82,931,000 87,004,000 2,469,743 3,000,275
102,918,368 118,742,554 121,775,206 121,775,206
(1) 118,086,775 139,781,090 3,688,431 4,759,873
121,775,206 144,540,963 224,693,574 263,283,518
LaSalle LOGIPORT REIT
2 274,835 20.16%
3 64,685 4.74%
4 NSI CUSTOMER SECURED 30.7. OMNIBUS(3) 46,200 3.38%
5 42,278 3.10%
6 BNYM AS AGT/CLTS 10 PERCENT 23,871 1.75%
7 STATE STREET BANK WEST CLIENT-TREATY 505234 20,039 1.47%
8 STATE STREET BANK AND TRUST COMPANY 505223 15,723 1.15%
9 14,551 1.06%
790,141 57.97%
(2)
2019 8
122 1.24 840,020 61.63%
230 2.34 30,703 2.25%
232 2.36 364,534 26.74%
20 0.20 33,359 2.44%
9,794 100.0 1,363,000 100.0%
54
197862 92 2863
1
PwC
REIT
REIT
16
17
18
19
03
21
22
23
24
25
26
27
28
29
30
04
32
33
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36
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44