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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 | 6.25 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：28.2％ Kanto：21.0％ Tohoku：6.6％ Kinki：6.1％ Hokuriku：5.5％ |
| Number of investment properties | 13 |
| Number of tenants | 2 |
| Total leasable floor space | 192,853.58㎡ |
Investment Index Information
| NAV per Unit | 111,884JPY |
|---|---|
| Unit Price / NAV per Unit | 0.59 |
| FFO per Unit | 3,444JPY |
| Unit Price / FFO per Unit | 19.05 |
| NOI Yield | 5.28％ |
| Implied Cap Rate | 6.10％ |
| Market capitalization | 15,439Million JPY |
| Acquisition book value | 34,449Million JPY |
| Term-end book value | 32,474Million JPY |
| Appraisal value | 37,799Million JPY |
| Interest-bearing liabilities | 11,874Million JPY |
| LTV | 34.16％ |
| EV / EBITDA | 14.60 |
| Average maturity of borrowings | 0.7year |
| Ratio of long-term fixed interest rate | |
| Average occupancy rate | 100％ |
| Average age of buildings | 41.28year |
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 | 2022/07/20 | Capital | 50Million JPY | |
| Major Shareholders | 100％ | Ooedo-Onsen Monogatari Co., Ltd. | Other Shareholders | |
Account Settlement InformationFY2022-5(Million JPY)
| 10th | 11th |
12th （most recent） |
13th forecast | 14th forcast | |
| Revised Date |
Revised Date |
||||
| Operating revenue | 1,348 | 1,344 | 1,291 | 1,256 | |
| Operating income | 593 | 589 | 554 | 520 | |
| Ordinary income | 460 | 393 | 354 | 330 | |
| Net income | 459 | 392 | 353 | 329 | |
| Short-term borrowings | 10,703 | 10,540 | 11,874 | ||
| Long-term borrowings | 3,569 | 3,530 | |||
| Investment corporation bonds | |||||
| Total assets | 37,122 | 36,926 | 34,760 | ||
| Net assets | 21,092 | 21,021 | 20,978 | ||
| Distribution per unit | 1,970 JPY/per Unit |
1,686 JPY/per Unit |
1,521 JPY/per Unit |
1,420 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 |
