|
TOKYO (Business Wire EON/PRWEB ) October 14, 2008 --
Mori
Hills REIT Investment Corporation (MHR)(TOKYO:3234), a Japan office
building real estate investment trust, announces that the presentation
of results for the fourth period ended July 31, 2008 (from February 1,
2008 to July 31, 2008) is now available at http://www.mori-hills-reit.co.jp/eng/
MHR recorded 4,823 million yen in operation revenues, 2,442 million yen
in operation profit and 1,832 million yen in net profit in the fourth
period, and declared a dividend per unit of 14,117 yen.
As for the outlook for the fifth fiscal period, MHR has acquired a
portion of Akasaka Tameike Tower and ARK Mori Building on September 30,
2008, and its portfolio has grown over 200 billion yen (acquisition
price basis). MHR plans to sell one residential unit of Moto-Azabu Hills
during this period, and forecasts a dividend per unit of 13,500 yen.
About Mori Hills REIT
Mori Hills REIT Investment Corporation (MHR) seeks to increasingly
enhance the profitability of assets under management and the value of
assets by focusing on the competitiveness and the ability to create
value attributable to “urban”
assets (central Tokyo being the core area) and by concentrating
investment into “urban”
areas.
Mori Hills REIT invests largely in properties that reflect the company’s
“Hills” concept –
areas that typify the lifestyles and work-styles of the 21st century.
Mori Hills REIT is the realization of Mori
Building’s goal of creating an investment
vehicle that will enable all investors to own premium, central Tokyo
property and participate in the enhancement of our cities.
|
Ratings:
|
|
Moody's Investors Service, Inc.
|
|
Issuer rating
|
|
A3
|
|
Japan Credit Rating Agency, Ltd. (JCR)
|
|
Senior Long-term credit rating
|
|
AA-
|
For more information, please visit our website http://www.mori-hills-reit.co.jp/eng/
This press release includes forward-looking statements about business
performance; however, no guarantees are implied concerning future
business performance. Although the data and opinions contained in this
press release are derived from what we believe are reliable and accurate
sources, we do not guarantee their accuracy or completeness.
See the original story at: http://eon.businesswire.com/releases/mori_hills/hills_reit/prweb1476784.htm
Post Comment:
Trackback URL: http://www.prweb.com/pingpr.php/RW1wdC1Ib3JyLVRoaXItVGhpci1JbnNlLVNpbmctWmVybw==
Bookmark -
Del.icio.us |
Furl It |
Technorati |
Ask |
MyWeb |
Propeller |
Live Bookmarks |
Newsvine |
TailRank |
Reddit |
Slashdot |
Digg |
Stumbleupon |
Google Bookmarks |
Sphere |
Blink It |
Spurl
|
