Japan Real Estate Investment Corp. offered guidance for the six-month period ending Sept. 30 and the six-month period ending March 31, 2019.
The office real estate investment trust predicted operating revenues of approximately ¥32.6 billion for both periods, representing an increase of 2.1% and a decrease of 0.2%, respectively, from the year-prior six-month periods.
The company expects operating profit and ordinary profit for the period ending Sept. 30 to both rise 2.5% from the preceding periods to around ¥13.9 billion and ¥12.7 billion, respectively.
For the period ended March 31, 2019, the company predicts a 1.3% increase in operating profit, which will rise to ¥14.1 billion, and a 2.1% increase in ordinary profit, which is expected to hit about ¥12.9 billion.
The company expects dividends per unit for the period ending Sept. 30 to come to ¥9,140 and for the period ending March 31, 2019, to come to ¥9,340.
As of May 17, US$1 was equivalent to ¥110.82.
