Milestones of FRI
| May 11, 2004 | The founder, Frontier REIT Management Inc., filed for establishment of Frontier Real Estate Investment Corporation (“FRI”) under Article 69-1 of the Investment Trust and Investment Corporation Law of Japan (“Investment Trust Law”) |
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| May 12, 2004 | FRI established and registration completed under Article 166 of the Investment Trust Law |
| June 16, 2004 | Registration of FRI under Article 187 of the Investment Trust Law implemented by the Prime Minister (Registration Number 27, Head of the Kanto Local Finance Bureau) |
| August 2, 2004 | Approval granted from Tokyo Stock Exchange (TSE) to list on the Real Estate Investment Trust Market |
| August 9, 2004 | FRI listed on the Real Estate Investment Trust Market of TSE |
| March 28, 2006 | Based on the resolution at the First General Meeting of Unitholders, FRI’s Articles of Incorporation amended |
| March 25, 2008 | Based on the resolution at the Second General Meeting of Unitholders, FRI’s Articles of Incorporation amended |
| March 26, 2010 | Based on the resolution at the Third General Meeting of Unitholders, FRI’s Articles of Incorporation amended |
| March 23, 2012 | Based on the resolution at the Fourth General Meeting of Unitholders, FRI’s Articles of Incorporation amended |
Total Equity Financing
Changes in unitholders' equity and the total number of units issued and outstanding since establishment are as follows.
| Date | Summary | Unitholders' Equity (Note 1) (million yen) |
Number of Units Issued and Outstanding (unit) |
Notes | ||
|---|---|---|---|---|---|---|
| New | Balance | New | Balance | |||
| May 12, 2004 | Private offering at establishment | 200 | 200 | 400 | 400 | (Note 2) |
| Aug. 7, 2004 | Public offering | 54,136 | 54,336 | 102,000 | 102,400 | (Note 3) |
| Sept. 8, 2004 | Third-party allotment | 4,246 | 58,582 | 8,000 | 110,400 | (Note 4) |
| Mar. 24, 2008 | Third-party allotment | 9,650 | 68,233 | 14,600 | 125,000 | (Note 5) |
| Jul. 24, 2008 | Public offering | 21,146 | 89,379 | 35,000 | 160,000 | (Note 6) |
| Jul. 1, 2010 | Public offering | 18,331 | 107,711 | 32,000 | 192,000 | (Note 7) |
| Jul. 28, 2010 | Third-party offering | 1,145 | 108,857 | 2,000 | 194,000 | (Note 8) |
| Jul. 10, 2012 | Public offering | 18,942 | 127,800 | 31,000 | 225,000 | (Note 9) |
| Aug. 8, 2012 | Third-party offering | 1,527 | 129,327 | 2,500 | 227,500 | (Note 10) |
| Mar. 5, 2013 | Public offering | 16,420 | 145,748 | 19,500 | 247,000 | (Note 11) |
| Mar. 21, 2013 | Third-party offering | 842 | 146,590 | 1,000 | 248,000 | (Note 12) |
| (Note 1) | The monetary amount shown for Unitholders' Equity has been rounded to the nearest million yen. |
| (Note 2) | At its establishment, Frontier Real Estate Investment Corporation ("FRI") issued investment units at an issue price of 500,000 yen per unit. |
| (Note 3) | FRI issued new investment units at an issue price of 550,000 yen (issue value of 530,750 yen) per unit in order to raise funds for the acquisition of a new property. |
| (Note 4) | FRI issued new investment units through a third-party allotment at an issue value of 530,750 yen per unit in order to raise funds for the acquisition of a new property. |
| (Note 5) | FRI issued new investment units through a third-party allotment at an issue price of 661,000 yen per unit in order to raise funds for the acquisition of a new property. |
| (Note 6) | FRI issued new investment units at an issue price of 625,240 yen (issue value of 604,186 yen) per unit in order to partially repay borrowings taken out to acquire a new property. |
| (Note 7) | FRI issued new investment units at an issue price of 592,312 yen (issue value of 572,872 yen) per unit in order to raise funds for the acquisition of a new property. |
| (Note 8) | FRI issued new investment units at an issue value of 572,872 yen per unit in order to partially repay borrowings. |
| (Note 9) | FRI issued new investment units at an issue price of 631,800 yen (issue value of 611,064 yen) per unit in order to repay borrowings taken out to acquire a new property and also other borrowings. |
| (Note 10) | FRI issued new investment units at an issue value of 611,064 yen per unit in order to repay borrowings. |
| (Note 11) | FRI issued new investment units at an issue price of 870,675 yen (issue value of 842,099 yen) per unit in order to repay borrowings taken out to acquire a new property and also other borrowings. |
| (Note 12) | FRI issued new investment units at an issue value of 842,099 yen per unit in order to repay borrowings taken out to acquire a new property and also other borrowings. |
| About FRI | Portfolio | Investor Relations | Unitholder Information |
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