trending Market Intelligence /marketintelligence/en/news-insights/trending/3GDe_SIUh0WztxIV8MrZKQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Nippon Building Fund beats forecast with 9.8% YOY growth in H1 net income

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate CRE Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Nippon Building Fund beats forecast with 9.8% YOY growth in H1 net income

Nippon Building Fund Inc.'s first-half net income increased 9.8% year over year to ¥15.39 billion from ¥14.01 billion, surpassing its ¥14.12 billion forecast for the six-month period.

The Japanese real estate investment trust's operating revenues in the six months ended June 30 also increased to ¥38.53 billion from ¥36.64 billion a year earlier, higher than its roughly ¥36.90 billion target for the end-June period.

The Mitsui Fudosan Co. Ltd.-sponsored REIT earmarked ¥14.91 billion for its interim distribution with distribution per unit at ¥10,560.

Looking into the second half, Nippon Building expects a net income of ¥15.46 billion, up 0.5% from the first half. It also expects end-December operating income to reach ¥16.84 billion, up 0.6% from end-June, while operating revenues to rise 1.7% to ¥39.20 billion for the same period.

It also aims for a per-unit distribution of ¥10,950 for the six months ending Dec. 31.

For the first six months of 2020, the REIT is forecasting a 2.3% decline in its net income to ¥15.11 billion from the estimated level as of end-2019. Distribution for the six-month period ending June 30, 2020, is anticipated to reach ¥10,700 per unit, also down from the end-2019 estimate.

As of Aug. 15, US$1 was equivalent to ¥106.18.