Hankyu Hanshin REIT (TYO:8977) raised its financial and distribution forecasts for the six-month periods ending May and November, to reflect recent asset acquisitions, according to its Thursday bourse filing.
For the fiscal period ending May, operating revenue is now expected at 6.36 billion yen (from 6.07 billion yen), net income at 2.39 billion yen (from 2.18 billion yen), and distribution per unit at 3,280 yen (from 3,140 yen).
For the fiscal period ending November, the company now anticipates to record operating revenue of 6.38 billion yen (from 6.22 billion yen), net income of 2.32 billion yen (from 2.19 billion yen), and distribution per unit of 3,330 yen (from 3,150 yen).
The revisions are based on the finalized details of the Reit's asset replacement strategy, including the acquisition of AEON MALL INAGAWA and other properties.
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