Daiwa Real Estate Asset Management Co.Ltd. Earnings Announcement for the 14th Fiscal Period  

Earnings Announcement for the 14th Fiscal Period

Daiwa Office Investment Corporation has announced its earnings results for the 14th Fiscal Period.

Though the office leasing environment cannot be said to be bright, we believe that there are hints of brightness all around and such brightness is also beginning to be seen in our portfolio.
We took early measures to prevent a scrambling for tenants by so-called secondary vacancies and we were able to bring our occupancy rate to above 96%. With the belief that properties with low occupancy actually have a chance, we acquired such properties and have come to the stage where they are able to meet the challenges.
At today's earnings announcement I would like to talk about such forward and aggressive elements as well as the defensive elements.
Please refer to page 5.