SIA REIT, Inc. Revises Earnings Guidance for the Fiscal Periods from March 1, 2016 to August 31, 2016 and September 1, 2016 to February 28, 2017; Provides Earnings Guidance for the Fiscal Period from March 1, 2017 to August 31, 2017
September 07, 2016 at 08:30 pm IST
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SIA REIT, Inc. revised earnings guidance for the fiscal periods from March 1, 2016 to August 31, 2016 and September 1, 2016 to February 28, 2017. For the period from March 1, 2016 to August 31, 2016, the company now expects operating revenues of JPY 2,959 million, operating profit of JPY 1,130 million, recurring profit of JPY 819 million and net income of JPY 818 million as compared to operating revenues of JPY 2,980 million, operating profit of JPY 1,117 million, recurring profit of JPY 808 million and net income of JPY 807 million as previously guided.
For the period from September 1, 2016 to February 28, 2017, the company now expects operating revenues of JPY 3,343 million, operating profit of JPY 1,402 million, recurring profit of JPY 1,045 million and net income of JPY 1,044 million as compared to operating revenues of JPY 2,940 million, operating profit of JPY 1,121 million, recurring profit of JPY 813 million and net income of JPY 812 million as previously guided.
The company provided earnings guidance for the fiscal period from March 1, 2017 to August 31, 2017. For the period, the company expects operating revenues of JPY 3,427 million, operating profit of JPY 1,370 million, recurring profit of JPY 1,038 million and net income of JPY 1,036 million.
One REIT, Inc. is a closed-end real estate investment trust (REIT) company. It aims to achieve sustainable growth in asset and stable earnings from mid- to long-term perspectives. The Fund mainly invests in real estate and the trusts whose real estate is the main trust property in Tokyo economic zone and local government-designated cities. Its property portfolio includes ONEST Kanda Square, CP10 Building, Hachioji SIA Building and Central Shin-Osaka Building. The asset manager of the Fund is Mizuho REIT Management Co., Ltd..
SIA REIT, Inc. Revises Earnings Guidance for the Fiscal Periods from March 1, 2016 to August 31, 2016 and September 1, 2016 to February 28, 2017; Provides Earnings Guidance for the Fiscal Period from March 1, 2017 to August 31, 2017