J-REIT Data

8985 Japan Hotel REIT Investment Corporation

Japan Hotel REIT Announces Medium-Term Financial Results, Issue of Investment Units and Secondary Offering of Investment Units, and to Acquire 2 Hotels.

(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.

Recent 5 news of Japan Hotel REIT Investment Corporation
Jan. 9, 2015
Japan Hotel Reit Investment Corporation: Issuance of New Investment Units and Secondary Offering of Investment Units, Acquisition of 6 Hotels
Jun. 25, 2014
Japan Hotel REIT Investment Corporation Acquires Best Western Hotel Sapporo Nakajima Koen.

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 ITOCHU Advance Logistics +1.49%
2 Nippon Prologis +1.18%
3 Starts Proceed +0.86%
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