Mori Hills Reit Investment Corporation will additionally transfer a 10% quasi-co-ownership interest in the trust beneficiary rights of Laforet Harajuku (land leasehold) totaling \u00a54,730 million, recognizing a transfer gain of approximately \u00a52,510 million. The transfer dates are July 1, 2026, and December 1, 2026.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"3234","jir_company_name":"Mori Hills Reit Investment Corporation","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-03-17","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/03\/3234-20260317-04.pdf","jir_short_summary":"Mori Hills Reit Investment Corporation will additionally transfer a 10% quasi-co-ownership interest in the trust beneficiary rights of Laforet Harajuku (land leasehold) totaling \u00a54,730 million, recognizing a transfer gain of approximately \u00a52,510 million. The transfer dates are July 1, 2026, and December 1, 2026.","jir_summary":"### Outline of the Transfer\nMori Hills Reit Investment Corporation resolved to transfer a 10% quasi-co-ownership interest in the trust beneficiary rights of Laforet Harajuku (land leasehold) (two lots of 5% each) totaling \u00a54,730 million. The transfer gain is approximately \u00a52,510 million, with transfer dates set for July 1, 2026, and December 1, 2026. The transferee is Mori Building Co., Ltd., the parent company of the major investor and asset management company. The transfer will be conducted based on a forward commitment agreement.\n\n### Reason for the Transfer and Future Outlook\nThis property\u2019s business fixed-term leasehold rights are scheduled to expire in September 2030, with contract renewal generally not guaranteed. Due to the need for future measures, a partial segmented transfer is implemented as part of a strategy to realize unrealized gains while advancing mid- to long-term acquisition of new properties. Mori Building Co., Ltd., the transferee, may be involved in future redevelopment, aiming to enhance investor benefits. For future operational status, please refer to the separately released financial summary for the fiscal year ending January 2026.","jir_financial_highlights":"Transfer Price: \u00a54,730 million (Unknown)\nTransfer Gain: \u00a52,510 million (\u00a51,256 million + \u00a51,254 million) (Unknown)\nScheduled Transfer Date: 2026-07-01 and 2026-12-01 (Unknown)","jir_category":"","jir_hashtags":"#MoriHillsReitInvestmentCorporation, #BusinessUpdate, #RealEstateTransfer","jir_key_figures":"Total Transfer Price: \u00a54,730 million (10% quasi-co-ownership interest)\nTotal Transfer Gain: Approximately \u00a52,510 million\nScheduled Transfer Dates: 2026-07-01 and 2026-12-01","jir_meta_title":"Mori Hills Reit Investment Corporation Additional Transfer of 10% Laforet Harajuku Land Leasehold Trust Beneficiary Rights for \u00a54,730 Million","jir_meta_description":"Mori Hills Reit Investment Corporation transfers 10% quasi-co-ownership interest in the trust beneficiary rights of Laforet Harajuku (land leasehold) totaling \u00a54,730 million, recognizing approximately \u00a52,510 million in transfer gains. The transferee is the major investor Mori Building Co., Ltd. Transfer dates are July 1, 2026, and December 1, 2026.","jir_og_title":"Mori Hills Reit Additional Transfer of Laforet Harajuku Land Leasehold Trust Beneficiary Rights","jir_og_description":"Transferred 10% quasi-co-ownership interest in Laforet Harajuku (land leasehold) trust beneficiary rights for \u00a54,730 million. Transfer gain is approximately \u00a52,510 million. The transferee is Mori Building Co., Ltd.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":8728,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"business_update","footnotes":""},"sector":[],"importance":[],"class_list":["post-35117","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n