Tokyu Reit, Inc. Revises Earnings Guidance for the Fiscal Period Ending January 31, 2023 and July 31, 2023
October 28, 2022 at 02:45 pm IST
Share
Tokyu REIT, Inc. revised earnings guidance for the fiscal period ending January 31, 2023 and July 31, 2023. For the period ending January 31, 2023, the company expected operating revenues ¥11,295 million as compared to previous guidance of ¥6,730 million, operating income of ¥7,299 as compared to previous guidance of ¥2,888 million, net income of ¥6,907 as compared to previous guidance of ¥2,488 million and net income per unit of ¥7,066 as compared to previous guidance of ¥2,546.
For for the fiscal period ending July 31, 2023, the company expected operating revenues ¥7,615 million as compared to previous guidance of ¥7,682 million, operating income of ¥3,402 as compared to previous guidance of ¥3,374 million, net income of ¥3,000 as compared to previous guidance of ¥2,941 million and net income per unit of ¥3,069 as compared to previous guidance of ¥3,009.
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.
TOKYU REIT, INC. 
