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(Aug. 20, 2014)
Japan Hotel REIT (TSE Code: 8985) announces Medium-term Financial Results, Issue of Investment Units and Secondary Offering of Investment Units. Amount of funding will be about 8,993 million yen. And, JHR will acquire the "Mercure Hotel Sapporo"and"Mercure Hotel Naha Okinawa".
| Midterm period (actual) |
|||
| Operating revenues | 5,504 million JPY | ||
| Net income(midterm) | 2,234 million JPY | ||
| Earning per unit | 852 JPY | ||
| 14th period (forecast) | (Before revision) | Change (%) | |
| Operating revenues | 12,667 million JPY | 11,964 million JPY | 5.9% |
| Net income | 5,494 million JPY | 5,072 million JPY | 8.3% |
| Total dividend | 5,746 million JPY | 5,085 million JPY | 13.0% |
| Dividend per unit | 2,058 JPY | 1,940 JPY | 6.1% |
| Acquisition | |||
| Property name | Mercure Hotel Sapporo | ||
| Address | Sapporo, Hokkaido | ||
| Acquisition price | 6,000 million JPY | ||
| Expected NOI yield | Undisclosed | ||
| Cap rate | 5.6% | ||
| Completion | April 2009 | ||
| Acquisition date | September 30, 2014 | ||
| Seller | Mitsui Fudosan Co., Ltd. | ||
| Property name | Mercure Hotel Okinawa Naha | ||
| Address | Naha, Okinawa | ||
| Acquisition price | 3,000 million JPY | ||
| Expected NOI yield | Undisclosed | ||
| Cap rate | 5.6% | ||
| Completion | August 2009 | ||
| Acquisition date | September 30, 2014 | ||
| Seller | Tsubogawa G.K. | ||
(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 | Nippon Prologis | +1.86% |
|---|---|---|
| 2 | Daiwa House REIT | +1.82% |
| 3 | CRE Logistics | +1.77% |
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