February 2014 Monthly Newsletter
To the Shareholders of Mongolia Growth Group Ltd.,
In February 2014, MGG’s core commercial property portfolio* experienced a same-store rental increase of 41.6% relative to February 2013 on properties owned 12 months or longer as measured in local currency (Mongolian Togrog). Total billed revenue for February 2014 was 242.9 million Mongolian Togrog as compared to 200.1 million Mongolian Togrog in February of 2013 or a 21.4% increase.** The occupancy rate for the core portfolio in February of 2014 was 92.7%, including an occupancy rate of 98.7% for core retail properties and an occupancy rate of 81.5% for core office properties.
Download the February 2014 Monthly Newsletter PDF