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Frontier Real Estate offers H1'19 forecast

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Frontier Real Estate offers H1'19 forecast

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.