1. Home
  2. Overview of MTR
  3. Message from the Executive Director

Message from the Executive Director

Executive Director: Masayuki Yagi
Executive Director
Masayuki Yagi
We would first like to take this opportunity to express our gratitude to investors for their support of MORI TRUST Sogo Reit, Inc. (MTR).

It is our pleasure to present the investment management summary and financial results for the 41st fiscal period (ended September 30, 2022) of MTR.
MTR posted operating revenues of 6,902 million yen, ordinary income of 3,043 million yen and profit of 3,331 million yen. The dividend per unit came to 3,000 yen. The number of properties owned by MTR at the end of the 40th fiscal period was 16 (total acquisition p-rice 324,705 million yen), and the overall occupancy rate of the portfolio was 96.5%(91.6% ※).

MTR entered into a merger agreement with MORI TRUST Hotel Reit, Inc. on November 22, 2022. (The merger agreement stipulates that the merger will take effect on March 1, 2023, subject to the approval of related proposals at the general meeting of unitholders of MTR and MTH, among other conditions.) Through this merger, MTR will aim to maximize unitholder value by managing its core assets, which are office properties that generate stable cash flow and hotels with growth potential, bearing in mind the Mori Trust Group's common principles of "stability," "growth," "continuity," "trust," "social responsibility," and "sharing rewards" shared among the Mori Trust Group companies.

※The occupancy rate in parenthesis is the figure after taking sublease agreements into account.