HEIWA REAL ESTATE REIT, Inc. reported earnings results for the six months ended May 31, 2016. For the period, the company reported total operating revenue of JPY 5,632,013,000 against JPY 5,923,350,000 reported last year. Operating income was JPY 2,394,516,000 against JPY 2,787,149,000 reported last year. Ordinary income was JPY 1,795,449,000 against JPY 2,110,347,000 reported last year. Income before income taxes was JPY 1,795,449,000 against JPY 2,110,347,000 reported last year. Net income was JPY 1,794,844,000 or JPY 1,777 per unit against JPY 2,109,742,000 or JPY 2,218 per unit reported last year. Cash flows from operating activities were JPY 2,682,410,000 against JPY 7,173,728,000 reported last year. Purchase of property, plant and equipment were JPY 51,381,000 against JPY 37,650,000 reported last year. Purchase of intangible assets was JPY 9,000.

For the year ending November 30, 2016, the company expects to report operating revenue of JPY 5,682 million, operating income of JPY 2,392 million, ordinary income of JPY 1,840 million and net income of JPY 1,839 million or JPY 1,852 per unit.