Frontier Real Estate Investment Corp. offered revenue and income forecasts for the fiscal first half of 2019.

The real estate investment trust projects net income and ordinary income of nearly ¥5.21 billion each, while operating income is expected to be ¥5.47 billion and operating revenue is estimated to be ¥10.24 billion.

The company intends to distribute ¥10,490 per unit for the six-month period ending June 30, 2019, according to a release.

As of Dec. 25, US$1 was equivalent to ¥110.21.