銘柄情報

United Urban Investment Corporation

Diversified REIT sponsored by Marubeni and Kyokuto Securities. The investment policy involves aiming to ensure stable revenues over the medium to long term and also to construct optimum portfolios according to the economic and real estate market conditions. (Upper limit on the incorporation of real estate for specific purposes: 60%). The basic strategy is one of diversified investment: The ratio of investments in the Tokyo metropolitan area is maintained at 50% or greater, and the ratio of investments in other major cities and their surrounding areas is not allowed to exceed one-third.

  • Unit Price and Trading Volume 拡大

  • Unit Yield, Sector Average and Overall Average 拡大

2022/07/19Update

投資指標の計算式について

Investment amount per unit

Unitholders' capital / Number of investment units authorized

NAV per unit

((Unitholders' capital + Investment surplus) + (Portforio assets appraisal value - ortfolio assets book value) / Number of investment units authorized

P/NAV

Investment unit price / NAV per unit

FFO per unit

(Net income + depreciation + profit and loss on real estate) / Number of investment units authorized

P/FFO

Investment unit price / FFO per unit

NOI

Rental business income + depreciation

NOI yield

NOI / Portfolio assets book value

Implied cap rate

NOI / (Market capitalization + (Interest-bearing liabilities - cash on hand and in bank) + Security and guarantee deposits received

Market capitalization

Investment unit price * Number of investment units authorized

LTV

Interest-bearing liabilities / Total assets

DSCR

NOI / (Interest-bearing liabilities at end of previous period - Interest-bearing liabilities at end of current period + current interest expense)

EV / EBITDA

Market capitalization + (Interest-bearing liabilities - cash on hand and in bank) / NOI

Ratio of long-term fixed interest rate

Long-term fixed interest / Interest-bearing liabilities

Corporate Data

Investment Corporation Name United Urban Investment Corporation
Abbreviation UUR
Securities code 8960(JPX)
Listing date 2003/12/22
Time elapsed 18.63 year
Closing months May / November
URL http://www.united-reit.co.jp/
Unitholders' capital 319,973Million JPY
Number of investment units authorized 3,118,337Unit
Investment amount per unit 102,610JPY
Rating JCR:AA 
Type of assets under management Diversified REIT / Retail Properties:29.1% Office Buildings:29.7% Hotels:23.6% Residential Properties:7.4% Others:10.2%
Management target regions
6 Central Wards of Tokyo:20.7% 23Wards of Tokyo(excluding 6 Central Wards of Tokyo:7.0% Tokyo Metropolitan Are(excluding 23 Wards of Tokyo:34.7%  Other Regions:37.6%
Number of investment properties 136
Number of tenants 2803
Total leasable floor space 1,556,492.03㎡

Investment Index Information

NAV per Unit 167,988JPY
Unit Price / NAV per Unit 0.87
FFO per Unit 4,715JPY
Unit Price / FFO per Unit 31.03
NOI Yield 4.21%
Implied Cap Rate 3.51%
Market capitalization 456,213Million JPY
Acquisition book value 676,829Million JPY
Term-end book value 648,738Million JPY
Appraisal value 809,303Million JPY
Interest-bearing liabilities 310,703Million JPY
LTV 39.07%
EV / EBITDA 24.63
Average maturity of borrowings 4.2year
Ratio of long-term fixed interest rate
Average occupancy rate 98.6%
Average age of buildings 24.77year

Investment Management Policies

  • As a diversified REIT, invests in assets carefully selected from a variety of assets.
  • Aims for further grown and the securing of stable earnings in the medium and long term.

Other Related Corporations

Asset Manager Japan REIT Advisors Co., Ltd.
Update 2022/07/19 Capital 425Million JPY
Major Shareholders 100% Marubeni Corporation Other Shareholders

Account Settlement InformationFY2022-5(Million JPY)

35th 36th 37th
(most recent)
38th forecast 39th forcast
Revised Date Revised Date
Operating revenue 24,198 22,806 24,184 24,069 23,833
Operating income 10,784 8,256 10,553 10,147 10,113
Ordinary income 9,847 7,326 9,628 9,139 9,106
Net income 9,847 7,326 9,628 9,139 9,105
Short-term borrowings 27,600 28,900 32,900
Long-term borrowings 236,233 239,033 241,303
Investment corporation bonds 36,000 36,500 5,400
Total assets 704,135 707,548 715,568
Net assets 355,797 363,257 363,291
Distribution per unit 3,182
JPY/per Unit
3,100
JPY/per Unit
3,112
JPY/per Unit
3,100
JPY/per Unit
3,100
JPY/per Unit

Other Affiliated Companies

Asset custodian Sumitomo Mitsui Trust Bank, Limited Accounting auditor Ernst & Young ShinNihon LLC
Accounting services Mizuho Trust & Banking Co., Ltd. Unitholders registry administrator Sumitomo Mitsui Trust Bank, Limited
Tax administration services Mizuho Trust & Banking Co., Ltd. Investment corporation bond administrator Sumitomo Mitsui Trust Bank, Limited/Mitsubishi UFJ Trust and Banking Corporation/Mizuho Trust & Banking Co., Ltd.
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