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(Jul. 9, 2014)
Mori Hills REIT Investment Corporation announced Issuance of New Investment Units and Secondary Offering of Investment Units. Amount of funding expected to be about 25 billion yen. And acquires Roppongi Hills Mori Tower (Additional Acquisition) and ARK Hills South Tower.
| Property name | Roppongi Hills Mori Tower (Additional Acquisition) |
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| Address | Minato-ku Tokyo | ||
| Acquisition price (million JPY) |
9,890 | ||
| Expected NOI yield | 4.0% | ||
| Cap rate | 3.5% | ||
| Completion | Apr. 2003 | ||
| Acquisition date | Aug. 1, 2014 | ||
| Seller | Mori Building Co., Ltd. | ||
| Property name | ARK Hills South Tower | ||
| Address | Minato-ku Tokyo | ||
| Acquisition price (million JPY) |
19,150 | ||
| Expected NOI yield | 4.0% | ||
| Cap rate | 3.9% | ||
| Completion | Jul. 2013 | ||
| Acquisition date | Aug. 1, 2014 | ||
| Seller | Mori Building Co., Ltd. | ||
| 17th period (forecast) |
(Before revision) | Change (%) | |
| Operating revenues (million JPY) |
6,511 | 5,797 | 12.3% |
| Net income (million JPY) |
3,579 | 3,046 | 17.5% |
| Dividend per unit (JPY) |
2,280 | 2,200 | 3.6% |
| 18th period (forecast) |
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| Operating revenues (million JPY) |
6,500 | ||
| Net income (million JPY) |
3,673 | ||
| Dividend per unit (JPY) |
2,340 | ||
(Billions of yen)
| 1 | Shinjuku Mitsui Bldg. | 170 |
|---|---|---|
| 2 | IIDABASHI GRAND BLOOM | 139 |
| 3 | Roppongi Hills Mori Tower | 115 |
| 4 | Shiodome Building | 107 |
| 5 | Tokyo Shiodome Building | 83 |
| 1 | Global One | +1.90% |
|---|---|---|
| 2 | Kenedix REIT | +1.66% |
| 3 | Hulic Reit | +1.58% |
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