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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.
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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 | 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. |
