Nippon Prologis REIT, Inc. Announces Earnings Results for the Fiscal Period Ended May 31, 2016; Provides Earnings Guidance for the Eighth Fiscal Period Ending November 30, 2016 and Ninth Fiscal Period Ending May 31, 2016
July 14, 2016 at 08:30 pm IST
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Nippon Prologis REIT, Inc. announced earnings results for the fiscal period ended May 31, 2016. For the period, the company reported total operating revenues of ¥14,866,532,000, operating income of ¥6,958,400,000, ordinary income of ¥7,288,788,000, income before income taxes of ¥6,255,976,000 and profit of ¥6,255,141,000 or ¥3,518 per unit. Net cash from operating activities was ¥6,963,219,000, purchases of property and equipment was ¥5,220,000 and purchases of property and equipment in trust was ¥42,993,804,000. Return on unit holders' equity as on May 31, 2016 was 2.5%.
The company provided earnings guidance for the eighth fiscal period ending November 30, 2016 and ninth fiscal period ending May 31, 2016. For the eighth fiscal period, the company expects operating income of ¥15,705,000, operating income of ¥7,672,000, ordinary income of ¥6,708,000 and profit of ¥6,707,000 or ¥4,156 per unit.
For the ninth fiscal period, the company expects operating income of ¥15,623,000, operating income of ¥7,593,000, ordinary income of ¥6,634,000 and profit of ¥6,633,000 or ¥4,117 per unit.
Nippon Prologis REIT Inc. is a Japan-based real estate investment trust (REIT). It aims to achieve sustainable growth in asset and stable earnings from mid- to long-term perspectives. The REIT mainly invests in logistic facilities, focusing on A class logistic facilities. Its portfolio included Prologis Park Ichikawa 1, Prologis Park Zama 1 , Prologis Park Kawajima , Prologis Park Osaka 2, Prologis Park Maishima 3 , Prologis Park Kasugai, Prologis Park Maishima 4, Prologis Park Kitanagoya, Prologis Park Tagajo and Prologis Park Takatsuki, among others. The asset manager of the REIT is Prologis REIT Management K.K.
Nippon Prologis REIT, Inc. Announces Earnings Results for the Fiscal Period Ended May 31, 2016; Provides Earnings Guidance for the Eighth Fiscal Period Ending November 30, 2016 and Ninth Fiscal Period Ending May 31, 2016