January 2014 Monthly Newsletter
We would like to wish all of our shareholders, employees, tenants and friends a very happy Tsagaan Sar and a prosperous year of the Blue Horse.
In January 2014, MGG’s core commercial property portfolio* experienced a same-store rental increase of 37.7% relative to January 2013 on properties owned 12 months or longer as measured in local currency (Mongolian Togrog). Total billed revenue for January 2014 was 247.2 million Mongolian Togrog as compared to 199.5 million Mongolian Togrog in January of 2013 or a 23.9% increase.** The occupancy rate for the core portfolio in January of 2014 was 92.2%, including an occupancy rate of 98.7% for core retail properties and an occupancy rate of 79.6% for core office properties.
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