- HOME>
- List of Company>
- Company Data
Ichigo Hotel REIT Investment Corporation
Ichigo Hotel REIT is a specialized hotel REIT formed to invest in hotel properties while making maximum use of the Ichigo Group’s experience and know-how in revitalizing real estate. Ichigo Hotel REIT will deploy Ichigo’s deep real estate expertise to increase asset profitability via, for example, the strategic and effective use of value-add capex. Ichigo Hotel REIT also expects to pro-actively pursue portfolio growth and economies of scale for shareholders by using the Ichigo Group’s robust sourcing capabilities. (Excerpt from the website of Ichigo Hotel REIT Investment Corporation )
-
Unit Price and Trading Volume
-
Unit Yield, Sector Average and Overall Average
Corporate Data
| Investment Corporation Name | Ichigo Hotel REIT Investment Corporation |
|---|---|
| Abbreviation | IHR |
| Securities code | 3463（JPX） |
| Listing date | 2015/11/30 |
| Time elapsed | 7.51 year |
| Closing months | January / July |
| ＵＲＬ | http://www.ichigo-hotel.co.jp/ |
| Unitholders' capital | 31,598Million JPY |
| Number of investment units authorized | 254,974Unit |
| Investment amount per unit | 123,925JPY |
| Rating | |
| Type of assets under management | Hotel REIT / Hotels：100％ |
| Management target regions | Osaka17.6％ Kyoto8.5％ Tokyo17.1％ Tokai13.6％ Tyugoku・Shikoku17.0％ Hokkaido7.4％ Kyushu6.8％ Nagoya5.1％ Kanto Koshinetsu4.1％ Kobe2.8％ |
| Number of investment properties | 25 |
| Number of tenants | 34 |
| Total leasable floor space | 104,271.58㎡ |
Investment Index Information
| NAV per Unit | 134,579JPY |
|---|---|
| Unit Price / NAV per Unit | 0.74 |
| FFO per Unit | 3,774JPY |
| Unit Price / FFO per Unit | 26.55 |
| NOI Yield | 3.55％ |
| Implied Cap Rate | 3.93％ |
| Market capitalization | 25,548Million JPY |
| Acquisition book value | 54,783Million JPY |
| Term-end book value | 54,540Million JPY |
| Appraisal value | 56,667Million JPY |
| Interest-bearing liabilities | 26,340Million JPY |
| LTV | 44.05％ |
| EV / EBITDA | 24.41 |
| Average maturity of borrowings | |
| Ratio of long-term fixed interest rate | |
| Average occupancy rate | 100％ |
| Average age of buildings | 28.36year |
Investment Management Policies
- It invests in hotels well positioned to benefit from the growing number of inbound tourists to Japan and other positive trends in the Japanese hotel business. It is currently prioritizing investments in stay-only hotels (as opposed to hotels which generate revenues from banquet halls, etc.) based on their income stability and ability to generate relatively steady revenue even in the event of adverse economic conditions.
(Excerpt from the website of Ichigo Hotel REIT Investment Corporation )
Other Related Corporations
| Asset Manager | Ichigo Investment Advisors Co., Ltd. | |||
|---|---|---|---|---|
| Update | 2023/03/16 | Capital | 400Million JPY | |
| Major Shareholders | 100％ | Ichigo Inc. | Other Shareholders | |
Account Settlement InformationFY2023-1(Million JPY)
| 13th | 14th |
15th （most recent） |
16th forecast | 17th forcast | |
| Revised Date |
Revised Date |
||||
| Operating revenue | 1,125 | 1,248 | 1,562 | 1,699 | 2,020 |
| Operating income | 472 | 556 | 799 | 855 | 1,073 |
| Ordinary income | 274 | 362 | 590 | 564 | 735 |
| Net income | 342 | 361 | 589 | 563 | 734 |
| Short-term borrowings | 9,250 | 13,750 | 18,250 | ||
| Long-term borrowings | 16,220 | 11,720 | 7,220 | ||
| Investment corporation bonds | 870 | 870 | 870 | ||
| Total assets | 59,393 | 59,356 | 59,792 | ||
| Net assets | 31,940 | 31,959 | 32,186 | ||
| Distribution per unit | 1,345 JPY/per Unit |
1,418 JPY/per Unit |
2,311 JPY/per Unit |
1,532 JPY/per Unit |
1,997 JPY/per Unit |
Other Affiliated Companies
| Asset custodian | Mizuho Trust & Banking Co., Ltd. | Accounting auditor | Grant Thornton Taiyo 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 |
