銘柄情報

MORI TRUST Hotel Reit,Inc.

A basic philosophy of ensuring stable earnings and promoting the steady growth of assets under management over the medium and long term while maximizing investor value by focusing on the tourism industry, which is rapidly becoming one of Japan’s key industries, backed up by the expansion of so-called "inbound demand" (demand from overseas tourists) while heavily investing in high-quality assets supported by the development capabilities of Mori Trust Co., Ltd. and the hotel management capabilities of Mori Trust Hotels & Resorts Co., Ltd., both of which are sponsors, i.e., attractive hotel assets with "Trust Value" produced by "Trust Quality" (Excerpt from the website ofMORI TRUST Hotel Reit,Inc. )

  • Unit Price and Trading Volume 拡大

  • Unit Yield, Sector Average and Overall Average 拡大

2022/10/20Update

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 MORI TRUST Hotel Reit,Inc.
Abbreviation MTH
Securities code 3478(JPX)
Listing date 2017/02/07
Time elapsed 5.81 year
Closing months February / August
URL http://www.mt-hotelreit.jp/
Unitholders' capital 50,000Million JPY
Number of investment units authorized 500,000Unit
Investment amount per unit 100,000JPY
Rating
Type of assets under management Hotels:100%
Management target regions
Six Central Wards of Tokyo:77.6% Others:22.4%
Number of investment properties 5
Number of tenants 3
Total leasable floor space 88,443.16㎡

Investment Index Information

NAV per Unit 140,494JPY
Unit Price / NAV per Unit 0.97
FFO per Unit 3,117JPY
Unit Price / FFO per Unit 43.57
NOI Yield 2.27%
Implied Cap Rate 1.89%
Market capitalization 67,900Million JPY
Acquisition book value 107,741Million JPY
Term-end book value 104,371Million JPY
Appraisal value 123,474Million JPY
Interest-bearing liabilities 53,975Million JPY
LTV 48.91%
EV / EBITDA 48.82
Average maturity of borrowings 1.8year
Ratio of long-term fixed interest rate
Average occupancy rate 100%
Average age of buildings 16.24year

Investment Management Policies

  • With a basic policy of analyzing the market environment of hotels, inns, and so on while studying the competitive edge and potential of such properties and, at the same time, managing them in such a way as to ensure that they have "asset value", "stability", and "growth potential", judges whether to make investments in a comprehensive manner by taking into account the growth potential and overall profitability of the portfolio and the risks within the portfolio. (Excerpt from the website ofMORI TRUST Hotel Reit,Inc. )

Other Related Corporations

Asset Manager MORI TRUST Asset Management Co.,Ltd.
Update 2022/10/20 Capital 200Million JPY
Major Shareholders 90% Mori Trust Hotels & Resorts Co.,Ltd. Other Shareholders
10% Mori Trust Hotels & Resorts Co.,Ltd.

Account Settlement InformationFY2022-8(Million JPY)

11th 12th 13th
(most recent)
14th forecast th forcast
Revised Date Revised Date
Operating revenue 2,110 1,423 2,053
Operating income 1,315 644 1,257
Ordinary income 1,207 531 1,145
Net income 1,206 530 1,144
Short-term borrowings 20,475 11,950 15,975
Long-term borrowings 33,500 13,500 38,000
Investment corporation bonds 34,500
Total assets 110,359 109,535 110,357
Net assets 51,206 50,530 51,144
Distribution per unit 2,412
JPY/per Unit
1,061
JPY/per Unit
2,289
JPY/per Unit

Other Affiliated Companies

Asset custodian Sumitomo Mitsui Trust Bank, Limited Accounting auditor KPMG AZSA LLC
Accounting services Sumitomo Mitsui Trust Bank, Limited Unitholders registry administrator Sumitomo Mitsui Trust Bank, Limited
Tax administration services Investment corporation bond administrator
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