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Ooedo Onsen Reit Investment Corporation
Unique, specific J-REIT investing mainly in hot spring/hot bath facilities. It mainly focuses on investing in the Ooedo Model hot spring/hot bath facilities that are run by Ooedo-Onsen-Monogatari Co., Ltd., and contributes to the revitalization of regional communities and the popularization of the hot spring culture, thereby creating a stable cash flow while aiming for the sustained and stable improvement of investor value. (Excerpt from the website of Ooedo Onsen Reit Investment Corporation)
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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 | Ooedo Onsen Reit Investment Corporation |
|---|---|
| Abbreviation | OOM |
| Securities code | 3472（JPX） |
| Listing date | 2016/08/31 |
| Time elapsed | 5.83 year |
| Closing months | May / November |
| ＵＲＬ | http://oom-reit.com/ |
| Unitholders' capital | 20,653Million JPY |
| Number of investment units authorized | 235,347Unit |
| Investment amount per unit | 87,756JPY |
| Rating | |
| Type of assets under management | Hotel REIT / Hotels：100％ |
| Management target regions | Tokai：32.6％ Shikoku：28.3％ Kanto：20.9％ Tohoku：6.6％ Kinki：6.1％ Hokuriku：5.5％ |
| Number of investment properties | 14 |
| Number of tenants | 2 |
| Total leasable floor space | 203,968.27㎡ |
Investment Index Information
| NAV per Unit | 110,241JPY |
|---|---|
| Unit Price / NAV per Unit | 0.64 |
| FFO per Unit | 3,590JPY |
| Unit Price / FFO per Unit | 19.67 |
| NOI Yield | 5.24％ |
| Implied Cap Rate | 5.77％ |
| Market capitalization | 16,615Million JPY |
| Acquisition book value | 36,082Million JPY |
| Term-end book value | 34,300Million JPY |
| Appraisal value | 39,199Million JPY |
| Interest-bearing liabilities | 14,069Million JPY |
| LTV | 38.10％ |
| EV / EBITDA | 15.64 |
| Average maturity of borrowings | 0.6year |
| Ratio of long-term fixed interest rate | |
| Average occupancy rate | 100％ |
| Average age of buildings | 40.74year |
Investment Management Policies
- ●It mainly focuses on investing in the Ooedo Model hot spring/hot bath facilities that are run by Ooedo-Onsen-Monogatari Co., Ltd.
●We believe that Ooedo Model hot spring/hot bath facilities can be expected to provide stable earnings and exhibit sustained growth due to the continuing support of a broad range of customers, mainly seniors.
●It makes maximum use of the sponsor support provided by Ooedo-Onsen-Monogatari Co., Ltd., which has developed business know-how which it refers to as the "Ooedo Model", and which is notable in the management of the facilities they own, as a pillar for its growth strategies, while appropriately considering any conflicts of interest.
●Through the sponsor support provided by Ooedo-Onsen-Monogatari Co., Ltd. and the long-term securing of the management base of Ooedo-Onsen-Monogatari Co., Ltd. by this REIT, a WIN-WIN relationship will be created between this REIT and Ooedo-Onsen-Monogatari Co., Ltd., with the goal of mutual growth.
(Excerpt from the website of Ooedo Onsen Reit Investment Corporation)
Other Related Corporations
| Asset Manager | ||||
|---|---|---|---|---|
| Update | 2022/01/20 | Capital | 50Million JPY | |
| Major Shareholders | 100％ | Ooedo-Onsen Monogatari Co., Ltd. | Other Shareholders | |
Account Settlement InformationFY2021-11(Million JPY)
| 9th | 10th |
11th （most recent） |
12th forecast | 13th forcast | |
| Revised Date |
Revised Date |
||||
| Operating revenue | 1,358 | 1,348 | 1,344 | 1,285 | 1,255 |
| Operating income | 594 | 593 | 589 | 534 | 521 |
| Ordinary income | 467 | 460 | 393 | 369 | 378 |
| Net income | 466 | 459 | 392 | 368 | 377 |
| Short-term borrowings | 7,682 | 10,703 | 10,540 | ||
| Long-term borrowings | 6,776 | 3,569 | 3,530 | ||
| Investment corporation bonds | |||||
| Total assets | 37,428 | 37,122 | 36,926 | ||
| Net assets | 21,102 | 21,092 | 21,021 | ||
| Distribution per unit | 1,996 JPY/per Unit |
1,970 JPY/per Unit |
1,686 JPY/per Unit |
1,585 JPY/per Unit |
1,620 JPY/per Unit |
Other Affiliated Companies
| Asset custodian | Sumitomo Mitsui Trust Bank, Limited | Accounting auditor | Pricewaterhouse Coopers Arata |
|---|---|---|---|
| Accounting services | Heiseikaikeisha(“HSK”) Tax Corporation | Unitholders registry administrator | Sumitomo Mitsui Trust Bank, Limited |
| Tax administration services | Heiseikaikeisha(“HSK”) Tax Corporation | Investment corporation bond administrator |
