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    REIT - Industrial
MORI TRUST REIT, Inc.

MORI TRUST REIT, Inc.

8961.T
MORI TRUST REIT, Inc.JP flagTokyo Stock Exchange
72,700.00
JPY
+900.00
- -
258.81BMarket Cap
MORI TRUST REIT, Inc.
8961.T
(Tokyo Stock Exchange)

Recent

price

72,700.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2024
FRC
- -
7,692.87
7,435.58
7,309.2
7,355.61
7,080.07
6,755.95
9,898.73
6,521.72
7,756.08
6,631.09
6,668.08
6,724.19
6,815.26
5,844.97
- -
Revenue per Share
- -
4,563.42
4,009.53
3,930.49
3,954.54
3,760.42
3,521.66
4,543.75
3,436.88
4,459.14
3,633.52
3,688.54
3,808.35
3,847.21
2,980.54
- -
Basic EPS, GAAP
- -
5,502.08
-35,414.98
5,134.23
3,011.7
-12,405.79
4,539.19
5,075.67
3,859.56
9,891.17
1,115.21
4,187.41
4,452.33
3,766.65
2,920.26
- -
Free Cash Flow per Basic Share
- -
4,087.3
3,663.23
4,053.9
3,832.74
3,942.28
3,377.86
3,738.75
4,025.55
3,586.45
4,307.12
3,658.24
3,747.26
3,853.65
3,372.58
- -
Dividend per Share
- -
53,626.37
64,438.49
56,450.25
56,490.48
58,233.29
60,449.07
60,764.63
60,070.48
60,999.94
60,150.33
60,185.1
60,245.69
60,239.4
59,591.39
- -
Book Value per Share
- -
55,893.46
66,730.44
58,332.06
58,454.3
58,273.42
60,486.06
60,949.58
60,361.48
61,234.14
60,560.67
60,591.23
60,652.58
60,646.29
60,254.33
- -
Tangible Book Value per Share
- -
2
2
2
2
2
3
3
3
3
3
3
3
3
3
- -
Basic Weighted Avg Shares
11,014
14,001
15,763
17,688
17,801
17,134
17,735
26,133
17,217
20,476
17,506
17,604
17,752
17,992
15,431
23,893
Sales/Revenue/Turnover
63.59
65.88
65.73
64.86
63.59
57.81
59.87
52.3
58.08
63.62
60.05
60.42
61.04
61.29
54.89
64.35
Operating Margin (%)
1,559
1,736
2,154
2,689
2,598
2,853
2,881
3,155
2,832
2,768
2,545
2,551
2,601
2,241
2,242
2,037
Depreciation Expense
6,078
8,305
8,500
9,512
9,570
9,100
9,245
11,996
9,073
11,772
9,592
9,738
10,054
10,157
7,869
14,405
Net Income, GAAP
0.03
0.02
0.02
0.02
0.55
0.02
0.02
3.22
- -
1.8
- -
- -
0.02
1.6
- -
- -
Effective Tax Rate (%)
55.18
59.32
53.92
53.77
53.76
53.11
52.13
45.9
52.7
57.49
54.8
55.32
56.64
56.45
50.99
60.29
Profit Margin (%)
-51,403
-35,463
-37,759
-43,984
-53,415
-65,976
-30,871
-18,503
-23,875
-21,780
-5,630
-24,110
-18,475
-20,500
-10,045
- -
Working Capital
51,500
46,675
90,200
82,825
75,475
104,000
118,500
128,500
122,500
109,500
133,500
113,000
116,500
114,500
128,000
- -
LT Debt
- -
101,726
141,469
141,164
141,460
141,022
158,783
160,907
159,355
161,658
159,880
159,961
160,123
160,106
159,072
- -
Total Equity
5.28
6.07
4.39
4.14
4.05
3.29
3.31
4.09
- -
4.04
- -
3.37
3.44
3.44
- -
- -
Return on Invested Capital (%)
5.3
6.37
4.43
4.21
4.13
3.58
3.3
4.09
- -
4.05
- -
3.39
3.45
3.45
- -
- -
Return on Capital (%)
14.63
17.02
7.26
6.96
7
6.56
6.17
7.52
5.69
7.37
6
6.13
6.32
6.39
4.97
18.31
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
- -
Free Cash Flow
-3.23%
10.26%
-192.63%
Net Income, GAAP
8.45%
13.26%
83.07%
Sales/Revenue/Turnover
6.45%
8.67%
54.84%
Total Cash Common Dividend
1.25%
-1.72%
13.68%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
- -
- -
- -
15,431
2024
- -
- -
- -
- -
23,893

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
- -
- -
- -
2,980.54
2024
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
- -
- -
- -
3,372.58
2024
- -
- -
- -
- -
- -
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Business
MORI TRUST REIT, Inc. (formerly MORI TRUST Sogo Reit, Inc.) operates as a diversified Japanese real estate investment trust (J-REIT) primarily engaged in the ownership and management of income-generating properties including office buildings, commercial facilities, residential properties, hotels and other real estate assets; its portfolio features key properties such as Tokyo Shiodome Building, ON Building, Kioicho Building, Shimbashi Ekimae MTR Building (prior to transfer), Osaki MT Building, Shibuya Flag and high-quality sponsor-developed hotels with international brands and minimum guaranteed rents. The company targets institutional and retail investors seeking stable distributions through medium- to long-term asset management, with operations concentrated in prime urban locations across Tokyo, Chiba, Saitama and Kanagawa prefectures. Established on October 2, 2001 and listed on the Tokyo Stock Exchange (ticker: 8961) since February 13, 2004, MORI TRUST REIT, Inc. is headquartered at 3-1 Toranomon 4-chome, Minato-ku, Tokyo, Japan, with asset management outsourced to MORI TRUST Asset Management Co., Ltd., a subsidiary of sponsor Mori Trust Co., Ltd. In a major strategic expansion completed on March 1, 2023, the company merged with MORI TRUST Hotel Reit, Inc., acquiring its hotel portfolio for approximately ¥66.2 billion in an all-unit exchange (0.92 MTR units per MTH unit) accompanied by a 1-for-2 unit split and trade name change from MORI TRUST Sogo Reit, Inc. to MORI TRUST REIT, Inc., thereby transforming into a diversified REIT with enhanced office and hotel exposure while expanding total assets from ¥324.7 billion to ¥471.1 billion on an acquisition price basis. This merger incorporated high-quality, location-advantaged hotels developed by the Mori Trust Group, bolstering portfolio stability through long-term fixed rents, variable components and minimum guarantees amid post-COVID recovery. More recently, as of August 31, 2025, the portfolio comprises 20 properties with a total acquisition price of ¥463,522 million, reflecting ongoing asset management including acquisitions like Kamiyacho Trust Tower and transfers such as Shinbashi Ekimae MTR Building, alongside updates to investment targets via articles of incorporation changes effective May 28, 2025.