Hoshino Resorts REIT, Inc. Provides Earnings Guidance for the Fiscal Half Year Ending October 31, 2023 and April 30, 2024
June 16, 2023 at 05:00 am EDT
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Hoshino Resorts REIT, Inc. provided earnings guidance for the fiscal half year ending October 31, 2023 and April 30, 2024. For the period ending October 31, 2023, the company expected Operating revenue of JPY 6,408 million, Operating profit of JPY 2,705 million, Profit of JPY 2,144 million, Distributions per unit (excluding distributions in excess of earnings) of JPY 8,400.
For the period ending April 30, 2024, the company expected Operating revenue of JPY 6,522 million, Operating profit of JPY 2,724 million, Profit of JPY 2,194 million, Distributions per unit (excluding distributions in excess of earnings) of JPY 8,600.
Hoshino Resorts 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 Hotels, inns, incidental facilities and real estate-related securities. Its property portfolio includes Hoshino Resorts Group-operated properties such as Hoshino Ya, Hoshino Resorts Kai, Hoshino Resorts Risonare, Non-Hoshino Resorts Group-operated properties such as hotels, inns and incidental facilities of non-city tourism properties and overseas Hoshino Resort Group-related properties. The asset manager of the Fund is Hoshino Resort Asset Management Co., Ltd.
HOSHINO RESORTS REIT, INC. 
