Investor Presentaiton
Portfolio Summary and Breakdown of Property-Related Revenues/Expenses (2)
Office
Hotel
Midosuji MTR Building Hiroo MTR Building
Tenjin Prime
Shin-Yokohama TECH
Building
Shangri-La Tokyo
Hilton Odawara Resort & Spa
Location
Chuo Ward, Osaka
Shibuya Ward, Tokyo
Construction completion
March 1999
November 1992
October 2008
Acquisition date
April 2015
Acquisition price
Book value
Appraisal value
Total floor space
PML (Note 6)
Rental revenues (thousand yen)
Rental revenues
Rent
Common charges
Land leasing revenues
6,709.80m
7.3%
Period ended Period ended Period ended Period ended
Feb. 2023 Aug. 2023
Aug. 2023
10,170 million yen
9,819 million yen
10,700 million yen
15,129.16m
2.1%
January 2018
8,100 million yen
8,309 million yen
8,420 million yen
July 2012, and other
7,050 million yen
6,611 million yen
10,100 million yen
7,722.04m
6.4%
Building A: February 1986
Building B: February 1988
November 2003
6,900 million yen
6,550 million yen
8,600 million yen
25,187.22m
8.7%
Chuo Ward, Fukuoka Kohoku Ward, Yokohama Chiyoda Ward, Tokyo Odawara City, Kanagawa
November 2008
October 1997
(Renovated in 2004)
March 2023
49,200 million yen
49,140 million yen
49,600 million yen
180,335.11m (Note 9)
March 2023
7,100 million yen
7,120 million yen
7,150 million yen
50,605.67m (Note 10)
9.0%
Feb. 2023
254,587
307,866
228,090
5,620
283,838
6,745
144,491
119,470
15,340
Feb. 2023 Aug. 2023
255,236 235,381
218,716 205,068
20,061
Period ended Period ended Period ended Period ended Period ended Period ended
Feb. 2023 Aug. 2023
158,242 210,074
134,388 180,834
18,408 16,398
Feb. 2023 Aug. 2023
12.6%
Period ended Period ended
Feb. 2023 Aug. 2023
316,259 562,609
290,043 562,609
935,123
187,218
191,997
935,123
184,986
189,742
Other rental revenues
20,875
Property-related expenses
138,212
Property and other taxes
Property taxes
42,179 45,205
42,179 45,205
17,282 9,680
123,938 41,899
11,962
5,445
36,817
12,388
11,840
Other taxes
122
Overhead expenses
57,778
58,452
16,358
Property management fees
24,780
27,167
4,181
12,286
102
11,659
5,034
12,841
82,871
28,921
28,921
16,457 30,312 26,215
84,612 170,056 183,899 246,532 205,434
31,084 30,066 31,010 134,012 135,579
31,084 30,066 31,010 134,012 135,579
2,231
2,255
99,144
121,846
41,945 41,067
41,945
41,067
Utilities
22,881
17,919
8,616
2,281
27,447
6,524
14,607
Casualty insurance
507
618
209
255
186
29,142 80,983
7,464 40,584
14,599 35,547
227
98,293
54,898
1,929
2,813
3,111
25,471
30,205
732
893
Trust fees
416
500
333
400
625
750
1,729
200
1,756
2,009
2,039
200
150
150
Other expenses
Depreciation and amortization
Profits and losses from real estate rental business
Earnings before depreciation and amortization (NOI)
NOI yield (Note 8)
9,191 12,246 3,016 3,687
38,254 20,280 13,578 12,769
116,374 183,927 102,591 121,425
154,629 204,208 116,170 134,194
5,503 6,101
26,502 24,384
127,202 170,624
153,705 195,009
4,118 12,296
59,006 54,595
65,324 132,360
124,331 186,955
856
23,281
110,591 67,041 54,087 55,307
316,076 729,689 88,074 70,151
426,667 796,731 142,161 125,458
952
4.0%
3.2%
(Note) The results for the fiscal period ended February 2023 are for five months. For properties formerly owned by MORI TRUST Hotel Reit, Inc. (the 5 hotel properties other than Hotel Okura Kobe),
information has been indicated by referring to its fiscal period ended February 2023 (results for 6 months).
3.3%
5.5%
5.4%
3.5%
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