Hankyu REIT Inc. Announces Dividend for the Fiscal Period from June 1, 2016 to November 30, 2016, Payable on February 15, 2017; Reports Unaudited Earnings Results for the Period from June 1, 2016 to November 30, 2016; Provides Earnings Guidance for the Period Ending May 31, 2017 and November 30, 2017
January 24, 2017 at 08:30 pm IST
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Hankyu REIT Inc. announced a dividend of JPY 2,626 per share for the fiscal period from June 1, 2016 to November 30, 2016, payable on February 15, 2017.
The company reported unaudited earnings results for the period from June 1, 2016 to November 30, 2016. For the period, the company reported operating revenues of JPY 4,721 million, operating income of JPY 1,976 million, ordinary income of JPY 1,570 million, net income of JPY 1,569 million and cash flows from operating activities of JPY 2,279 million.
The company provided earnings guidance for the period ending May 31, 2017 and November 30, 2017. For the period ending May 31, 2017, the company expects operating revenues of JPY 4,731 million, operating income of JPY 1,945 million, ordinary income of JPY 1,573 million and net income of JPY 1,571 million.
For the period ending November 30, 2017, the company expects operating revenues of JPY 4,849 million, operating income of JPY 2,075 million, ordinary income of JPY 1, 674 million and net income of JPY 1,673 million.
Hankyu Hanshin REIT, Inc., formerly Hankyu REIT, Inc. is a real estate investment trust (REIT) company. It aims to achieve stable earnings and sustainable growth of its investment assets to maximize investment value from mid- to long-term perspectives, by investing in commercial and office buildings mainly located in the Kansai area, which consists of Osaka, Kyoto, Hyogo, Nara, Shiga and Wakayama prefectures.Its top ten properties based on investment ratio were HEP Five, NU chayamachi, Shiodome East Side Building, Sphere Tower Tennoz, Takatsuki-Josai Shopping Center, Kitano Hankyu Building, LaLaport KOSHIEN (site), Dew Hankyu Yamada, LAXA Osaka and Namba-Hanshin Building. Hankyu REIT's asset manager is Hankyu REIT Asset Management, Inc.
Hankyu REIT Inc. Announces Dividend for the Fiscal Period from June 1, 2016 to November 30, 2016, Payable on February 15, 2017; Reports Unaudited Earnings Results for the Period from June 1, 2016 to November 30, 2016; Provides Earnings Guidance for the Period Ending May 31, 2017 and November 30, 2017
HANKYU HANSHIN REIT, INC. 
