8961 MORI TRUST Sogo Reit, Inc.

MORI TRUST Sogo Reit, Inc. to Acquire "Kioicho Building"

(Sep. 26, 2014)

MORI TRUST Sogo Reit, Inc. (TSE Code: 8961) announces the acquisition of "Kioicho Building", and revises the earnings forecasts of 26th fiscal period(Oct 1, 2014 - Mar 31, 2015).

Property name Kioicho Building
Address Chiyoda-ku, Tokyo
Acquisition price 34,300 million JPY
Expected NOI yield 3.4%
Cap rate 3.9%
Completion Nov, 1989
Acquisition date October 1, 2014
Seller Hakuba Capital 3 TMK
  26th period (forecast) (Before revision) Change (%)
Operating revenues 9,928 million JPY 8,850 million JPY 12.2%
Net income 4,818 million JPY 4,593 million JPY 4.9%
Dividend per unit 3,650 JPY 3,480 JPY 4.9%

Recent 5 news of MORI TRUST Sogo Reit, Inc.
Nov. 13, 2014
MORI TRUST Sogo Reit, Inc. : Financial Results for the 25th Fiscal Period.
Oct. 31, 2014
MORI TRUST Sogo Reit, Inc. : Disposition of "Ginza MTR Building"


Property Acquisition Price Rankings

(Billions of yen)

1 Shinjuku Mitsui Bldg. 170
2 Roppongi Hills Mori Tower 115
3 Tokyo Shiodome Building 110
4 Shiodome Building 107
5 Kitanomaru Square 82
Unit Price Growth Rankings
1 LaSalle LOGIPORT REIT +2.33%
2 United Urban +1.86%
3 Japan Real Estate +1.80%
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