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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.
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Unit Price and Trading Volume
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Unit Yield, Sector Average and Overall Average
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 |
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| 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. |
