MORI TRUST REIT, Inc. (8961.T) stock price, financials & research

Regular session · JST · Market data may be delayed.

Company profile

MORI TRUST Reit, Inc., 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 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. As of August 31, 2025, MTR owned a portfolio of 20 properties with a total rentable area of 506,295.29 sq. meters occupied by 121 tenants. The occupancy rate was 99.8%. MORI TRUST Reit, Inc was incorporated in Japan in 2001.

Industry: REIT - Office
Sector: Real Estate
Headquarters: JP
CEO: Masahide Kikuchi
Listed since: Sep 29, 2005

Market position

Day range

Current ¥75,000

¥74,300¥75,100

52-week range

Current ¥75,000

¥71,100¥81,900

Open: ¥74,500
Previous close: ¥74,400
Volume: 2.75K; 0.49× average
Average volume: 5.63K; Average daily volume
Market cap: 267B JPY
Beta: 0.27; Market reference 1
50-day average: ¥74,776; +0.30% above average
200-day average: ¥76,127; -1.48% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM): 19.84×
P/B (TTM): 1.14×
P/S (TTM): 9.86×
Dividend yield: 4.92%

Profitability & efficiency

Gross margin: 49.45%
Operating margin: 55.73%
Net margin: 49.69%

Financial health

Debt / equity: 0.94×
Altman Z-score: 0.97
Piotroski F-score: 6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin

Income trends

Revenue

27.08B JPY+21.67%

Operating income

15.09B JPY-0.39%

Net income

13.46B JPY-1.37%

Metric (JPY)	FY2025	FY2024	FY2023	FY2022	FY2021
Revenue	27.08B JPY	22.26B JPY	23.62B JPY	15.43B JPY	17.99B JPY
Cost of goods sold	13.69B JPY	8.13B JPY	8.26B JPY	6.08B JPY	6.03B JPY
Gross profit	13.39B JPY	14.13B JPY	15.36B JPY	9.35B JPY	11.96B JPY
Selling, general, and administrative	—	106.65M JPY	125M JPY	753.63M JPY	803.43M JPY
Operating expenses	−1.7B JPY	−1.02B JPY	984M JPY	877.16M JPY	931.59M JPY
Interest income	44.46M JPY	2.57M JPY	855K JPY	194K JPY	217K JPY
Interest expense	1.65B JPY	—	1.31B JPY	720.86M JPY	698.13M JPY
Depreciation and amortization	2.04B JPY	2.03B JPY	2.04B JPY	2.24B JPY	2.24B JPY
Operating income	15.09B JPY	15.15B JPY	14.38B JPY	8.47B JPY	11.03B JPY
Net income	13.46B JPY	13.65B JPY	14.41B JPY	7.87B JPY	10.16B JPY