MORI TRUST Reit, Inc. (“MTR”), a Japanese real estate investment corporation, was incorporated on October 2, 2001 under the Law Concerning Investment Trusts and Investment Corporations of Japan, or the Investment Trust Law. MTR was originally formed by Mori Trust Co., Ltd., and commenced operations on March 28, 2002 by acquiring a property. MTR is provided professional asset management services of properties of various types by a licensed asset management company, MORI TRUST Asset Management Co., Ltd. (“MTAM”). MTAM is currently owned 95% by MORI TRUST Co., Ltd., and 5% by Mori Trust Hotels & Resorts Co., Ltd. On February 13, 2004, MTR was listed on the J-REIT section of the Tokyo Stock Exchange (securities code: 8961). As of February 28, 2025, MTR owned a portfolio of 20 properties with a total rentable area of 502,363.99 sq. meters occupied by 122 tenants. The occupancy rate was 99.8%.
Metrics to compare | 8961 | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship Relationship8961PeersSector | |
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P/E Ratio | 19.9x | 19.8x | 9.0x | |
PEG Ratio | −3.78 | 1.84 | 0.01 | |
Price/Book | 1.2x | 1.2x | 0.9x | |
Price / LTM Sales | 11.9x | 8.7x | 4.0x | |
Upside (Analyst Target) | −7.7% | 2.2% | 11.4% | |
Fair Value Upside | Unlock | −17.8% | −0.2% | Unlock |