Mori Trust Sogo Reit Inc. revised its guidance for the six months ending Sept. 30 and provided forecast for the following period ending March 31, 2019.
The office real estate investment trust estimates its distributions per unit for the two periods to be ¥3,650.
For the period from April 1 to Sept. 30, the company expects its profit to reach about ¥4.76 billion and operating revenues to total ¥8.78 billion. Ordinary income and operating income are estimated to amount to about ¥4.73 billion and about ¥5.20 billion, respectively.
For the half-year period ending March 31, 2019, the company expects a profit of about ¥4.74 billion, ordinary income of about ¥4.70 billion, operating income of ¥5.17 billion and operating revenues of ¥8.63 billion.
As of May 15, US$1 was equivalent to ¥110.26.