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ORIX JREIT revises forecast for 6 months to Aug. 31

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ORIX JREIT revises forecast for 6 months to Aug. 31

ORIX JREIT Inc. revised its forecast for the six-month fiscal period running from March 1 to Aug. 31.

The company expects distributions per unit of ¥3,489 per unit for the period, up 5.7% from the previous forecast of ¥3,300 for the six months.

Ordinary income is expected to be roughly ¥9.64 billion, also marking a 5.7% increase from the previous forecast of about ¥9.13 billion. The trust's net income forecast was also increased 5.7% to approximately ¥9.63 billion from roughly ¥9.11 billion.

Operating income and operating revenues are expected to be about ¥11.12 billion and ¥23.75 billion, respectively, up from previous respective forecasts of roughly ¥10.61 billion and ¥23.48 billion.

As of Oct. 12, US$1 was equivalent to ¥112.10.