Financial Strategy
Financial Policy : Initiatives Based on New Cash Management Policy
In the 16th FP following the 15th FP, CSIF used surplus cash generated to repurchase its own investment units and to acquire new asset (with partial use of loan) instead of making distributions in excess of earnings.
Overview of Asset Acquisitions
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Overview of repurchase of investment units
CSIF believes increasing EPU through repurchase will increase unitholders’ value in the mid-to long term.
| Total number of own investment units to be acquired | 12,000 units (maximum) (2.73% of the total number of outstanding investment units (excluding the number of own investment units)) |
|---|---|
| Total amount of acquisition price | 800,000,000 yen (maximum) |
| Acquisition period | From February 17, 2025 to May 30, 2025 |
Issuer’s ratings
CSIF is the only TSE-listed infrastructure fund rated by both of JCR and R&I as of December 31, 2024.
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JCR: A (Positive)* (As of September 30, 2024)
* Change from Stable -
R&I: A- (Positive) (As of September 30, 2024)
Key financial indicators
- CSIF intends to build a stable and strong financial base by maintaining a high fixed interest rate ratio and keeping an appropriate LTV level.
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- Average borrowing Interest
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As of December 31, 2024%
0.942 %
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- # of financial institutions
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As of December 31, 2024
22
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- DSCR
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As of December 31, 2024
2.11 x
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- LTV
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As of June 30, 2024
51.88 %As of December 31, 2024
51.52 %
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- Fixed interest rate ratio
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As of June 30, 2024
87.9 %As of December 31, 2024
88.0 %