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AEON REIT estimates earnings for 2 fiscal periods

Retail-focused real estate investment trust AEON REIT Investment Corp. projected earnings forecasts for the two six-month fiscal periods ending July 31, 2018, and Jan. 31, 2019.

For the Feb. 1, 2018, to July 31, 2018, period, operating revenue is estimated to increase 2.3% from the previous period to ¥16.14 billion, while operating income is expected to decline 4.5% to roughly ¥6.00 billion. Ordinary income and net income are each expected to drop 5.1% from the prior fiscal period to ¥5.11 billion and nearly ¥5.11 billion, respectively, according to a release.

During the Aug. 1, 2018, to Jan. 31, 2019, six-month period, the company predicts its operating revenue to remain flat at approximately ¥16.15 billion. Meanwhile, operating income, ordinary income and net income are each estimated to rise 0.4% from the prior period to roughly ¥6.02 billion, ¥5.13 billion and approximately ¥5.13 billion, respectively.

Distribution per unit for two fiscal periods is expected to be ¥2,874 and ¥2,884, respectively. Excluding distributions in excess of retained earnings, per-unit distributions in the reporting periods are expected to hit ¥2,870 and ¥2,880.

As of March 16, US$1 was equivalent to ¥106.11.