Frontier Real Estate Investment Corp. reported earnings results for the six months ended June 30, 2016. For the period, the company's operating revenue was ¥10,051 million compared to ¥10,037 million for the period ended December 31, 2015. Operating income was ¥4,864 million compared to ¥5,220 million for the period ended December 31, 2015. Ordinary income was ¥4,468 million compared to ¥4,809 million for the period ended December 31, 2015. Income before income taxes was ¥4,468,876,000 compared to ¥4,809,535,000 for the period ended December 31, 2015. Net income was ¥4,467 million or ¥9,007 per unit compared to ¥4,408 million or ¥9,694 per unit for the period ended December 31, 2015. Net cash provided by operating activities was ¥15,898 million compared to ¥7,302 million for the period ended December 31, 2015. Purchase of property, plant and equipment was ¥2,000,114,000 compared to ¥70,424,000 for the period ended December 31, 2015. Purchase of property, plant and equipment in trust was ¥30,988,000 compared to ¥151,672,000 for the period ended December 31, 2015. Return on equity was 2.9% compared to 3.2% for the period ended December 31, 2015.

For the six months ending December 31, 2016, the company expects operating revenue of ¥9,988 million, operating income of ¥5,209 million, ordinary income of ¥4,720 million and net income of ¥4,719 million or ¥9,500 per unit.