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Global One offers forecast for 2 fiscal periods

Global One Real Estate Investment Corp. raised its guidance for the six-month period ending Sept. 30 and presented a new earnings forecast for the subsequent term that will run through March 31, 2019.

For the reporting period ending Sept. 30, the office real estate investment trust estimates net income and ordinary profit to be worth ¥1.84 billion, a 1.9% jump from the prior six-month term. Operating profit and operating revenue are expected to increase 0.9% to roughly ¥2.28 billion and about ¥5.16 billion, respectively.

During the term ending March 31, 2019, Global One projects a 0.5% uptick in net income and ordinary profit to ¥1.85 billion. Operating profit is expected to rise 0.3%, compared to the prior six months, to about ¥2.29 billion, while operating revenue is seen to fall 0.4% to roughly ¥5.14 billion.

The REIT plans to pay per-unit dividend worth ¥2,080 for the period ending Sept. 30 and ¥2,090 for the following six-month term.

As of May 16, US$1 was equivalent to ¥110.26.