Japan Logistics Fund, Inc. Reports Earnings Results for the Six Months Ended July 31, 2016; Provides Earnings Guidance for the Periods August 1, 2016 to January 31, 2017 and February 1, 2017 to July 31, 2017
September 12, 2016 at 04:30 pm
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Japan Logistics Fund, Inc. reported earnings results for the six months ended July 31, 2016. For the period, the company reported operating revenue of JPY 7,584 million, operating income of JPY 3,936 million, ordinary income of JPY 3,563 million, profit before taxes was JPY 3,563,376,000, net income of JPY 3,562 million or JPY 4,048 per unit and net cash provided by operating activities was JPY 5,274 million.
The company provides earnings guidance for the periods August 1, 2016 to January 31, 2017 and February 1, 2017 to July 31, 2017. For the period from August 1, 2016 to January 31, 2017, the company expects operating revenue of JPY 7,678 million, operating income of JPY 3,943 million, ordinary income of JPY 3,556 million and net income of JPY 3,555 million or JPY 4,040 per unit.
For the period from February 1, 2017 to July 31, 2017, the company expects operating revenue of JPY 7,722 million, operating income of JPY 4,004 million, ordinary income of JPY 3,608 million and net income of JPY 3,607 million or JPY 4,100 per unit.
Japan Logistics Fund Inc is real estate investment trust (REIT) company. It aims to achieve sustainable growth in asset and stable earnings from mid- to long-term perspectives. The Company mainly invests in real estate assets in Tokyo area, Kinki area, Chubu area and Kyushu area. Its property portfolio includes Kiyosu Logistics Center, Kadoma Logistics Center, Komaki Logistics Center, Urayasu Chidori Logistics Center II, Ichikawa Logistics Center, Komaki Logistics Center II, Kasugai Logistics Center and Chiba Kita Logistics Center. The asset manager of the Fund is Mitsui & Co Logistics Partners Ltd.
Japan Logistics Fund, Inc. Reports Earnings Results for the Six Months Ended July 31, 2016; Provides Earnings Guidance for the Periods August 1, 2016 to January 31, 2017 and February 1, 2017 to July 31, 2017