Mori Trust Reit (TSE:8961) Selling, General, & Admin. Expense: 円1,040 Mil (TTM As of Feb. 2024)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:8961 Mori Trust Reit Inc TSE:8961
12 GF Score
Price 円74,300.00
View Full Analysis

What is Mori Trust Reit Selling, General, & Admin. Expense?

Mori Trust Reit TSE:8961 -0.54% 12 Selling, General, & Admin. Expense is 円1,040 Mil as of Feb. 2024. GuruFocus rates TSE:8961 with a GF Score™ of 12/100.

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Mori Trust Reit's selling, general, & admin. expense for the six months ended in Feb. 2024 was 円526 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Feb. 2024 was 円1,040 Mil.


Mori Trust Reit  (TSE:8961) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


Mori Trust Reit Selling, General, & Admin. Expense Related Terms


Mori Trust Reit Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Mori Trust Reit's Selling, General, & Admin. Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Mori Trust Reit Selling, General, & Admin. Expense Chart

Mori Trust Reit Annual Data
Trend Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22
Selling, General, & Admin. Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 799.48 814.55 811.78 803.43 753.63

Mori Trust Reit Semi-Annual Data
Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Aug23 Feb24 Aug24
Selling, General, & Admin. Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 388.06 365.57 835.15 525.81 514.18

TSE:8961 vs ARE, BXP, VNO: Selling, General, & Admin. Expense Comparison

For the REIT - Office subindustry, Mori Trust Reit's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Mori Trust Reit Selling, General, & Admin. Expense vs REITs Industry

For the REITs industry and Real Estate sector, Mori Trust Reit's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where Mori Trust Reit's Selling, General, & Admin. Expense falls into.


TSE:8961
12GF Score
Mori Trust Reit Inc TSE:8961
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mori Trust Reit Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Feb. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円1,040 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Selling, General, & Admin. Expense of 円1,040 Mil mean?
Mori Trust Reit (TSE:8961) has a Selling, General, & Admin. Expense of 円1,040 Mil as of Feb. 2024. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Mori Trust Reit and its competitors.
Is Mori Trust Reit's Selling, General, & Admin. Expense too high?
Mori Trust Reit's current Selling, General, & Admin. Expense is 円1,040 Mil. Overall, Mori Trust Reit has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Mori Trust Reit's Selling, General, & Admin. Expense compare to ARE and BXP?
Mori Trust Reit's Selling, General, & Admin. Expense of 円1,040 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Selling, General, & Admin. Expense for a REITs company?
A good Selling, General, & Admin. Expense depends on the REITs industry context. However, Selling, General, & Admin. Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Mori Trust Reit and its competitors. Mori Trust Reit's current Selling, General, & Admin. Expense is 円1,040 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mori Trust Reit stock overvalued right now?
Mori Trust Reit (TSE:8961) has a current Selling, General, & Admin. Expense of 円1,040 Mil. The current Selling, General, & Admin. Expense is 円1,040 Mil. Mori Trust Reit's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For Mori Trust Reit (TSE:8961), the current Selling, General, & Admin. Expense is 円1,040 Mil as of Feb. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Mori Trust Reit Business Description

Industry Real EstateREITs
Address 3-1 Toranomon 4-chome, Minato-ku, Tokyo, JPN
Mori Trust Reit Inc is a real estate investment trust company. Its objective is to achieve sustainable growth and stable earnings from mid- to long-term perspectives. It invests in office buildings, commercial facilities, housings, and hotels. The company owns more than 10 properties in and around Central Tokyo and others. The company generates its revenue from its leasing business.
12GF Score

Get the complete analysis for TSE:8961

Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円74,300.00
Price