March 2014 Monthly Newsletter
To the Shareholders of Mongolia Growth Group Ltd.,
In March 2014, MGG’s core commercial property portfolio* experienced a same-store rental increase of 34.2% relative to March 2013 on properties owned 12 months or longer as measured in local currency (Mongolian Togrog). Total billed revenue for March 2014 was 267.4 million Mongolian Togrog as compared to 205.9 million Mongolian Togrog in March of 2013 or a 29.8% increase.** The occupancy rate for the core portfolio in March of 2014 was 91.7%, including an occupancy rate of 97.5% for core retail properties and an occupancy rate of 80.6% for core office properties.
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