J-REIT Data

3234 Mori Hills REIT Investment Corporation

Mori Hills REIT Investment Corporation announced Issuance of New Investment Units and Secondary Offering of Investment Units. And acquires Roppongi Hills Mori Tower (Additional) and ARK Hills South Tower.

(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)
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)
   
Operating revenues
(million JPY)
6,500    
Net income
(million JPY)
3,673    
Dividend per unit
(JPY)
2,340    

Recent 5 news of Mori Hills REIT Investment Corporation
Sep. 12, 2014
MORI HILLS REIT INVESTMENT CORPORATION Announces Financial Results for the 16th Fiscal Period. Dividend per Unit is 2,151 yen.

ReitInfo.com

Property Acquisition Price Rankings

(Billions of yen)

1 Roppongi Hills Mori Tower 115
2 Tokyo Shiodome Building 110
3 Shiodome Building 107
4 Kitanomaru Square 82
5 Garden City Shinagawa Gotenyama 72
Unit Price Growth Rankings
1 Mitsubishi Estate Logistics +7.29%
2 Nippon Prologis +3.39%
3 Kenedix Office +2.70%
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