Message from Executive Director
To Our Unitholders
I would like to express my sincere gratitude for your continued, excellent support.
As of December 29, 2015, One REIT Inc. became a REIT sponsored by Mizuho Trust & Banking, after which, on September 6, 2016, we conducted our first public offering since being listed on the Tokyo Stock Exchange, acquiring three properties (total acquisition price: 15,012 million yen). Moreover, as of the end of May 2017, we have secured the preferential negotiation rights for five properties as a pipeline (total price: approximately 35.2 billion yen). Since the sponsor switch, collaboration with Mizuho Trust & Banking has steadily produced results, and the environment that encompasses One REIT Inc. has changed significantly.
On top of this, as of June 1, 2017, we changed our name from “SIA REIT, Inc.” to “One REIT, Inc.” The name change on this occasion reflects our sentiments to naturally sympathize with the values of Mizuho Financial Group – the aim for “No.1 credibility,” “No.1 service provision,” “No.1 group capability”– to which our sponsor belongs, in addition to our aim to maximize unitholder value, as well as our desire to become a “unique,” “Only One” presence in the REIT market where competition is intensifying.
In addition to the support that SIA Group’s asset management has provided until now thorough favorable results, abundant knowledge, and corporate resources, we will pursue “sustainable dividend growth” and “disciplined external growth considering the portfolio and the financial structure,” and will aim to maximize our unitholder value by fully utilizing the support backed by Mizuho Trust & Banking’s ability to collect information, its ability to provide financial solutions, and its creditworthiness.
We hope for your continued support and patronage.