Millerful No 1 Real Estate Investment Trust

Millerful No 1 Real Estate Investment Trust

TTWSE:01010T
10.00
TWD
0.00
(0.00%)
16.63BMarket Cap
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
TTM
Revenue per Share
- -
0.49
0.58
0.35
0.5
- -
Basic EPS, GAAP
- -
0.39
0.43
0.24
0.37
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
Book Value per Share
9.93
10.21
10.36
10.34
10.39
10.41
Tangible Book Value per Share
9.93
10.21
10.36
10.34
10.39
10.41
Basic Weighted Avg Shares
1,058
1,058
1,058
1,658
1,658
1,658
Sales/Revenue/Turnover
- -
523
613
573
828
- -
Operating Margin (%)
- -
87.31
86.99
84.03
85.22
- -
Depreciation Expense
- -
- -
- -
- -
- -
- -
Net Income, GAAP
- -
416
457
398
613
- -
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
Profit Margin (%)
- -
79.44
74.62
69.42
74.03
- -
Working Capital
3,048
243
347
-3,850
500
454
LT Debt
- -
4,821
5,336
- -
5,196
5,196
Total Equity
10,509
10,803
10,961
17,142
17,224
17,265
Return on Invested Capital (%)
- -
3.49
3.34
2.48
3.14
- -
Return on Capital (%)
- -
3.5
3.33
2.42
3.08
- -
Return on Common Equity (%)
- -
3.9
4.2
2.83
3.57
- -

Capital Structure

TWD

•

in mil. unless spec.
Jun'22
Dec'22
Jun'23
ST Debt
- -
- -
- -
LT Borrowings
5,286
5,196
5,196
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,658
1,658
1,658
Market Capitalization
16,996
17,162
16,631

Working Capital

TWD

•

in mil. unless spec.
Jun'22
Dec'22
Jun'23
Total Current Assets
497
554
498
Cash, Cash Equivalents & STI
453
495
227
Accounts Receivable, Net
23
35
29
Inventories
- -
- -
- -
Total Current Liabilities
36
54
44
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
0.48%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
- -
54.21%
Sales/Revenue/Turnover
- -
- -
44.6%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

TWD

•

in mil. unless spec.

Year

H1
H2
FY
2021
- -
- -
573
2022
- -
- -
828
2023
- -
- -
- -

Semi-annual Earnings Per Share

TWD

•

in mil. unless spec.

Year

H1
H2
FY
2021
- -
- -
0.24
2022
- -
- -
0.37
2023
- -
- -
- -

Semi-annual Dividends Per Share

TWD

•

in mil. unless spec.

Year

H1
H2
FY
2021
- -
- -
- -
2022
- -
- -
- -
2023
- -
- -
- -

Company Description

Sector
Finance
Industry
Real estate investment trusts
Address
Tainan Taiwan
IPO Date
Dec 5, 2018
Business
Millerful No 1 Real Estate Investment Trust is a Taiwan-based real estate investment trust managed by Millerful Capital Advisory and trusteed by Mega International Commercial Bank, primarily engaged in the acquisition, development, management, and leasing of prime commercial real estate and industrial properties. Established in 2018 and headquartered in Taipei, Taiwan, the trust operates across diversified property segments, generating stable rental revenues and capital appreciation from high-grade assets. The trust's core portfolio encompasses prime office buildings, including ownership interests in the Taipei Financial Center Building and the Songjiang Commercial Building; modern logistics and warehousing facilities, such as the Taoyuan Nankan Logistics Center; department store and retail properties, including the Tainan Focus Square commercial center; high-tech industrial and manufacturing facilities, including the Yageo Technology Building in Hsinchu; and strategic cross-border investments in liquid global real estate investment trusts across developed international markets. Its properties serve diverse tenant bases, including multinational corporations, domestic high-tech enterprises, retail operators, and third-party logistics providers through long-term commercial lease agreements. In recent developments, Millerful No 1 Real Estate Investment Trust has actively pursued portfolio optimization and capital structure enhancements through secondary equity offerings and targeted property acquisitions in industrial logistics and core office sectors. The trust has also accelerated comprehensive sustainability initiatives and energy-efficiency retrofits across its primary office and retail holdings to secure green building certifications, while actively rebalancing its foreign REIT holdings to optimize distribution yields and reinforce portfolio resilience against macroeconomic fluctuations.