Hankyu Hanshin REIT, Inc. Announces Earnings Results for the Period from June 1, 2018 to November 30, 2018; Provides Earnings Guidance for the Period from December 1, 2018 to May 31, 2019 and for the Period from June 1, 2019 to November 30, 2019
January 24, 2019 at 06:00 am
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Hankyu Hanshin REIT, Inc. announced earnings results for the period from June 1, 2018 to November 30, 2018. For the period, the company announced operating revenues of JPY 5,506 million. Operating income was JPY 2,394 million. Ordinary income was JPY 1,991 million. Net income was JPY 1,990 million. Net income per unit was JPY 3,117.
The company provided earnings guidance for the period from December 1, 2018 to May 31, 2019 and for the period from June 1, 2019 to November 30, 2019. For the period from December 1, 2018 to May 31, 2019, the company expects operating revenue of JPY 6,010 million, operating income of JPY 2,568 million, ordinary income of JPY 2,198 million, and net income of JPY 2,196 million.
For the period from June 1, 2019 to November 30, 2019, the company expects operating revenue of JPY 5,901 million, operating income of JPY 2,528 million, ordinary income of JPY 2,156 million, and net income of JPY 2,155 million.
Hankyu Hanshin REIT, Inc., formerly Hankyu REIT, Inc. is a real estate investment trust (REIT) company. It aims to achieve stable earnings and sustainable growth of its investment assets to maximize investment value from mid- to long-term perspectives, by investing in commercial and office buildings mainly located in the Kansai area, which consists of Osaka, Kyoto, Hyogo, Nara, Shiga and Wakayama prefectures.Its top ten properties based on investment ratio were HEP Five, NU chayamachi, Shiodome East Side Building, Sphere Tower Tennoz, Takatsuki-Josai Shopping Center, Kitano Hankyu Building, LaLaport KOSHIEN (site), Dew Hankyu Yamada, LAXA Osaka and Namba-Hanshin Building. Hankyu REIT's asset manager is Hankyu REIT Asset Management, Inc.
Hankyu Hanshin REIT, Inc. Announces Earnings Results for the Period from June 1, 2018 to November 30, 2018; Provides Earnings Guidance for the Period from December 1, 2018 to May 31, 2019 and for the Period from June 1, 2019 to November 30, 2019