Financial Strategy / Governance System
LTV control to maintain stable and sound financial operations and increase investor value
The basic financial strategy is to conduct stable and sound financial operations, with the aim of maintaining and increasing revenue, growing the size of assets under management and increasing investor value over the medium- to long-term. With respect to LTV, we will set 60% as a rough indication of the upper limit (however, LTV may exceed 60% temporarily due to the acquisition of new investment real estate, etc.) and conduct financial operation, with 50% as a rough indication for the upper limit in normal time.
Building a strong financial position
|Basic policy on debt finance|
|Best mix of short-term and long-term loans||Diversification of repayment dates||Diversification of bank formation|
We aim to
- Mitigation of refinancing risk
- Reduction funding costs
Integrating the interests of investors and sponsors
Holding 36.8% of the number of investment units outstanding for MORI TRUST Hotel Reit
Countermeasures against conflicts of interest and the adoption of an operation system to secure impartiality
The Asset Management Company appoints outside specialists as members (outside members) of the Investment Committee and the Compliance Committee.
When the acquisition of an asset becomes a transaction with a related party, the approval of the outside committee members within the Compliance Committee and the Investment Committee and the approval of the Board of Directors of MORI TRUST Hotel Reit are required.