Mori Trust Reit Inc. (8961)
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Mori Trust Reit Inc. Profile
| Office REITs Industry | Real Estate Sector | - CEO | JPX Exchange | 13639A109 CUSIP |
| Japan Country | - Employees | 28 Aug 2026 Last Dividend | 27 Feb 2023 Last Split | - IPO Date |
Overview
MORI TRUST Reit, Inc. (MTR), established on October 2, 2001, operates as a Japanese real estate investment corporation governed by the Investment Trust Law of Japan. It was initially formed by Mori Trust Co., Ltd. and began its operations on March 28, 2002, following the acquisition of its first property. MTR leverages the expertise of a licensed asset management company, MORI TRUST Asset Management Co., Ltd. (MTAM), for the professional management of a diverse range of property types. MTAM is predominantly owned by MORI TRUST Co., Ltd. (95%) and Mori Trust Hotels & Resorts Co., Ltd. (5%). MTR achieved a significant milestone by listing on the J-REIT section of the Tokyo Stock Exchange on February 13, 2004, under securities code: 8961. As of August 31, 2023, MTR boasts a portfolio consisting of 22 properties, covering a total rentable area of 532,410.36 square meters, home to 117 tenants with an impressive occupancy rate of 98.9%.
Products and Services
- Property Management Services
MTR offers comprehensive property management services that are executed by MORI TRUST Asset Management Co., Ltd. These services are tailored to ensure the efficient operation and maintenance of its vast array of properties. This includes everything from routine maintenance to tenant relationship management, designed to maximize occupancy rates and ensure tenant satisfaction.
- Real Estate Investment
At its core, MTR specializes in real estate investment, focusing on acquiring high-quality properties across various sectors. The portfolio includes office buildings, residential properties, and commercial spaces strategically located to appeal to a wide range of tenants. Through careful selection and management of these assets, MTR aims to provide stable and attractive returns to its investors.
- Asset Management
The company, through MTAM, provides expert asset management services designed to enhance the value and profitability of its property portfolio. This includes strategic asset acquisition, enhancement initiatives, and effective financial management. The goal is to ensure long-term growth in asset value and income generation for its stakeholders.
