銘柄情報

Hulic Reit, Inc.

Diversified REIT sponsored by Hulic. About 80% of its investments are in "Tokyo commercial properties", which include office buildings and commercial facilities in the Tokyo Area, and the remaining 20% in "next-generation assets", which include paid nursing homes and network centers. The investment areas are in Tokyo's 23 wards for office buildings and in Tokyo and major cities around Tokyo for commercial facilities. By making use of Hulic’s know-how about tenant management and other matters, it aims to acquire stable revenues over the long term.

  • Unit Price and Trading Volume 拡大

  • Unit Yield, Sector Average and Overall Average 拡大

2022/04/14Update

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 Hulic Reit, Inc.
Abbreviation HLI
Securities code 3295(JPX)
Listing date 2014/02/07
Time elapsed 8.39 year
Closing months February / August
URL http://www.hulic-reit.co.jp/
Unitholders' capital 194,755Million JPY
Number of investment units authorized 1,440,000Unit
Investment amount per unit 135,246JPY
Rating JCR:AA 
Type of assets under management Office Building REIT Office Buildings:65.8% Retail:12.4% Private Nursing Homes:10.6% Net wark Centers:5.1% Hotels:6.2% Others:0%
Management target regions
Tokyo Central 6 Wards:68.3% Other Tokyo Wards:21.2% Other Areas:10.5%
Number of investment properties 62
Number of tenants
Total leasable floor space 347,440.53㎡

Investment Index Information

NAV per Unit 183,365JPY
Unit Price / NAV per Unit 0.87
FFO per Unit 5,054JPY
Unit Price / FFO per Unit 31.62
NOI Yield 3.10%
Implied Cap Rate 2.75%
Market capitalization 230,112Million JPY
Acquisition book value 380,102Million JPY
Term-end book value 375,677Million JPY
Appraisal value 439,331Million JPY
Interest-bearing liabilities 174,416Million JPY
LTV 44.44%
EV / EBITDA 33.23
Average maturity of borrowings 4.2year
Ratio of long-term fixed interest rate
Average occupancy rate 98.4%
Average age of buildings 22.04year

Investment Management Policies

  • Maximization of unitholder value over the medium and long term
    This REIT aims to contribute its profit to all stakeholders, including unitholders and tenants, and to this end it works to maximize unitholder value by maintaining and increasing income over the medium and long term and achieving growth in the size and value of its managed assets.
  • Sharing of corporate philosophy with sponsor
    This REIT shares with Hulic Co., Ltd., its sponsor, the corporate philosophy of "contributing to the realization of a society full of confidence and trust for a long time by providing products and services that are the foundation of the social activities of customers."

Other Related Corporations

Asset Manager Hulic Reit Management Co., Ltd.
Update 2022/04/14 Capital 200Million JPY
Major Shareholders 100% Hulic Co., Ltd. Other Shareholders

Account Settlement InformationFY2022-2(Million JPY)

14th 15th 16th
(most recent)
17th forecast 18th forcast
Revised Date Revised Date
Operating revenue 11,170 10,505 11,006 11,414 10,460
Operating income 6,232 5,763 6,150 6,255 5,625
Ordinary income 5,515 5,053 5,434 5,524 4,883
Net income 5,437 4,972 5,345 5,448 4,882
Short-term borrowings 19,640 17,610 21,365
Long-term borrowings 135,136 132,006 140,051
Investment corporation bonds 15,000 15,000 15,000
Total assets 368,400 369,358 396,983
Net assets 179,212 185,529 200,387
Distribution per unit 4,052
JPY/per Unit
3,550
JPY/per Unit
3,600
JPY/per Unit
3,700
JPY/per Unit
3,480
JPY/per Unit

Other Affiliated Companies

Asset custodian Mizuho Trust & Banking Co., Ltd. Accounting auditor Ernst & Young ShinNihon LLC
Accounting services Mizuho Trust & Banking Co., Ltd. Unitholders registry administrator Mizuho Trust & Banking Co., Ltd.
Tax administration services Mizuho Trust & Banking Co., Ltd. Investment corporation bond administrator Mizuho Bank, Ltd.
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