Nippon Prologis REIT, Inc. Announces Distribution for the Period Ended November 30, 2016, Payable on Feb. 15, 2017; Provides Dividend Guidance for the Period Ending May 31, 2017 and Nov. 30, 2017; Reports Earnings Results for the Six Months Ended November 30, 2016; Provides Earnings Guidance for the Period Ending May 31, 2017 and Nov. 30, 2017
January 17, 2017 at 03:00 pm
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Nippon Prologis REIT, Inc. announced a distribution of JPY 4,195 per unit (including Surplus Cash Distributions) or JPY 3,681 per unit (excluding Surplus Cash Distributions) for the period ended November 30, 2016. The distribution is payable on Feb. 15, 2017.
The company provided dividend guidance for the period ending May 31, 2017 and Nov. 30, 2017. For the period ending May 31, 2017, the company expects distribution of JPY 4,150 per unit (including Surplus Cash Distributions) or JPY 3,612 per unit (excluding Surplus Cash Distributions).
For the period ending Nov. 30, 2017, the company expects distribution of JPY 4,165 per unit (including Surplus Cash Distributions) or JPY 3,623 per unit (excluding Surplus Cash Distributions).
The company reported earnings results for the six months ended November 30, 2016. For the period, the company's operating revenues were JPY 15,639 million, operating income was JPY 7,712 million, ordinary income was JPY 6,780 million, profit was JPY 6,780 million, profit per unit was JPY 3,680 and return on unit holders' equity was 2.6%. Cash flows from operating activities was JPY 13,740 million. Income before income taxes was JPY 6,780.967 million. Purchases of property and equipment in trust was JPY 671,809,000. Purchases of intangible assets in trust was JPY 550,000.
The company provided earnings guidance for the period ending May 31, 2017 and Nov. 30, 2017. For the period ending May 31, 2017, the company expects operating revenues of JPY 16,563 million, operating income of JPY 7,981 million, ordinary income of JPY 6,886 million and profit of JPY 6,885 million.
For the period ending Nov. 30, 2017, the company expects operating revenues of JPY 16,692 million, operating income of JPY 7,927 million, ordinary income of JPY 6,907 million and profit of JPY 6,906 million.
Nippon Prologis REIT Inc. is a Japan-based real estate investment trust (REIT). It aims to achieve sustainable growth in asset and stable earnings from mid- to long-term perspectives. The REIT mainly invests in logistic facilities, focusing on A class logistic facilities. Its portfolio included Prologis Park Ichikawa 1, Prologis Park Zama 1 , Prologis Park Kawajima , Prologis Park Osaka 2, Prologis Park Maishima 3 , Prologis Park Kasugai, Prologis Park Maishima 4, Prologis Park Kitanagoya, Prologis Park Tagajo and Prologis Park Takatsuki, among others. The asset manager of the REIT is Prologis REIT Management K.K.
Nippon Prologis REIT, Inc. Announces Distribution for the Period Ended November 30, 2016, Payable on Feb. 15, 2017; Provides Dividend Guidance for the Period Ending May 31, 2017 and Nov. 30, 2017; Reports Earnings Results for the Six Months Ended November 30, 2016; Provides Earnings Guidance for the Period Ending May 31, 2017 and Nov. 30, 2017