Nippon Accommodations Fund Inc. Provides Earnings Guidance for the Fiscal Period from March 1, 2023 to August 31, 2023 and Fiscal Period from September 1, 2023 to February 29, 2024
April 19, 2023 at 12:00 pm IST
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Nippon Accommodations Fund Inc. provided earnings guidance for the fiscal period from March 1, 2023 to August 31, 2023 and fiscal period from September 1, 2023 to February 29, 2024. For the period ending August 31, 2023, the company expects total revenues of JPY 12,467 million, operating income of JPY 5,645 million, net income of JPY 5,201 million and net income per unit of JPY 10,330.
For the period ending February 29, 2024, the company expects total revenues of JPY 12,434 million, operating income of JPY 5,832 million, net income of JPY 5,367 million and net income per unit of JPY 10,660.
Nippon Accommodations Fund Inc. is a Japan-based real estate investment trust (REIT) company. It aims to achieve sustainable growth and stable mid- to long-term earnings through investment in rental housing and portfolio of hospitality facilities. The investment areas of rental housing include Tokyo area and regional core designated city areas, investment areas of hospitality facilities include major cities across the country and their outskirts. Its investment property portfolio includes Okawabata Rental Building, Park Axis Gakugei University and others. Its asset manager is Mitsui Fudosan Accommodation Fund Management Co., Ltd.
Nippon Accommodations Fund Inc. Provides Earnings Guidance for the Fiscal Period from March 1, 2023 to August 31, 2023 and Fiscal Period from September 1, 2023 to February 29, 2024
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