HEIWA REAL ESTATE REIT, Inc. reported earnings results for the six months ended May 31, 2015. For the period, the company reported operating revenue of ¥5,415 million, operating income of ¥1,760 million, ordinary income of ¥1,112 million and net income of ¥1,111 million or ¥1,169 per unit compared to operating revenue of ¥5,052 million, operating income of ¥2,148 million, ordinary income of ¥1,502 million and net income of ¥1,501 million or ¥1,703 per unit reported in the same period last year. Net cash provided by operating activities was ¥3,727 million against ¥2,854 million reported last year. Income before income taxes was ¥1,112,439,000 against ¥1,502,261,000 reported last year. Purchase of property, plant and equipment was ¥76,921,000 against ¥85,013,000 reported last year. Purchase of property, plant and equipment in trust was ¥9,621,303,000 against ¥213,245,000 reported last year.

The company announced distribution of ¥1,742 per unit (excluding distribution in excess of earnings) compared to ¥1,703 per unit declared in the same period last year. This distribution is payable August 14, 2015.

For the year ending November 30, 2015, the company expects to report operating revenue of ¥5,375 million, operating income of ¥2,263 million, ordinary income of ¥1,636 million and net income of ¥1,635 million or ¥1,719 per unit.