Tokyu REIT, Inc. Provides Earnings Guidance for the Period Ending July 31, 2022 and January 31, 2023
September 14, 2022 at 11:30 am IST
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Tokyu REIT, Inc. provided earnings guidance for the period ending July 31, 2022 and January 31, 2023. For the period ending July 31, 2022, the company expected operating revenues Ã6,730 million, operating income of Ã2,888 million, net income of Ã2,488 million or Ã3,200 per unit.
For the period ending January 31, 2023, the company expected operating revenues Ã7,682 million, operating income of Ã3,374 million, net income of Ã2,941 million or Ã3,400 per unit.
TOKYU REIT, Inc. is a Japan-based real estate investment trust (REIT) company. It aims to achieve sustainable growth in assets and stable earnings from mid- to long-term perspectives. The Company invests mainly in real estate properties, including office buildings and commercial facilities. The Company focuses on investments in the five areas of central Tokyo and the areas along the Tokyu railroad. Itâs property portfolio mainly includes Setagaya Business Square, QFRONT, cocoti, Tokyu Ikejiri-ohashi Building, Kojimachi Square, TOKYU REIT Shinjuku Building, TOKYU REIT Toranomon Building, Akasaka 4-chome Building, TOKYU REIT Shibuya R Building and Akihabara Sanwa Toyo Building. The asset manager of the Fund is Tokyu Real Estate Investment Management Inc.