Overview of Debt Financing

Key financial indicators

(%)
32nd FP (Jun.'20) 33rd FP (Dec.'20)
Borrowings and bonds 117,900 116,900
Leasehold and security deposits 31,381 30,232
Interest-bearing debt 149,281 147,132
LTV(Note 1) 47.2% 46.7%
Appraisal-based LTV(Note 2) 38.5% 37.8%
Long-Term debt ratio 94.0% 92.9%
Unrealized gain or loss 70,042 71,941
Average interest rate on borrowings 0.43% 0.42%
Average maturity of borrowings 5.33 years 5.00 years
  • Loan-to-value ratio = (Borrowings and bonds + Leasehold and security deposits - Unrestricted cash and deposits *) /
    (Balance of total assets - Unrestricted cash and deposits)
    * Unrestricted cash and deposits = Cash and cash equivalents at the end of the period - distributions for the period
  • Appraisal-based LTV = (Borrowings and bonds + Leasehold and security deposits - Unrestricted cash and deposits) /
    (Balance of total assets + Unrealized gain - Unrestricted cash and deposits)

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