Mori Hills REIT's Financial Presentation is Now Available Online at http://www.mori-hills-reit.co.jp/en/.TOKYO -- Mori Hills REIT REIT
See: Real Estate Investment Trust
See real estate investment trust (REIT). Investment Corporation (MHR MHR (US, Australia) n abbr (= Member of the House of Representatives) → Abgeordnete(r) f(m) des Repräsentantenhauses )(TOKYO:3234), a Japanese real estate investment trust adopted a resolution at meetings of its board of directors held on March 5, 2010 and March 15, 2010 to issue new investment units, and the payment pertaining to the issuance of new investment units through public offering was completed on March 23, 2010. Funds obtained through the primary offering and third-party allotment will be used to acquire assets (part of each of Roppongi Hills Roppongi Hills (六本木ヒルズ Roppongi Hiruzu Mori Tower and ARK Mori Building), and the remainder will be used for repayment of loans, etc.
Also, MHR announced that the presentation of results for the seventh period ended January 31, 2010 (from August 1, 2009 to January 31, 2010) is now available at http://www.mori-hills-reit.co.jp/en/
MHR recorded 5,520 million yen in operating revenue operating revenue
Revenue from any regular source. Revenue from sales is adjusted for discounts and returns when calculating operating revenue. Compare other revenue. , 2,821 million yen in operating profit Operating profit (or loss)
Revenue from a firm's regular activities less costs and expenses and before income deductions.
See operating income. and 1,728 million yen in net profit in the seventh period, and declared a dividend per unit of 10,857 yen.
For the eighth period, MHR forecasts a dividend per unit of 6,550 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.
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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.