Hulic Reit, Inc. Announces Earnings Results for the Fiscal Period Ended February 28, 2018; Provides Earnings Guidance for the Fiscal Period Ending August 31, 2018 and February 28, 2019; Declares Dividend for the Fiscal Period Ended February 28, 2018, Payable on May 15, 2018
April 11, 2018
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Hulic Reit, Inc. announced earnings results for the fiscal period ended February 28, 2018. For the period, the company reported operating revenues of JPY 8,183 million. Operating profit was JPY 4,733 million. Ordinary profit was JPY 4,215 million. Profit was JPY 4,214 million. Basic earnings per unit were JPY 3,873. Return on equity was 3%. Net assets per unit as at February 28, 2018 were JPY 131,470. Net cash provided by operating activities was JPY 13,798 million. Profit before income taxes was JPY 4,215,944,000. Net cash provided by operating activities was JPY 13,798,571,000. Purchase of property, plant and equipment in trust was JPY 15,660,230,000.
For the fiscal period ending August 31, 2018, the company expects operating revenues to be JPY 7,976 million, operating profit to be JPY 4,490 million, ordinary profit to be JPY 3,964 million, and profit to be JPY 3,963 million.
For the fiscal period ending February 28, 2019, the company expects operating revenues to be JPY 7,729 million, operating profit to be JPY 4,293 million, ordinary profit to be JPY 3,775 million, and profit to be JPY 3,774 million.
For the fiscal period ended February 28, 2018, the company declared dividend of JPY 3,797, payable on May 15, 2018.
Hulic Reit Inc is a Japan-based diversified real estate investment trust (REIT). The Trust aims to maximize unitholder value by maintaining and improving earnings over the medium to long term and by achieving growth in the size and value of assets under management. The basic investment policy is to position Tokyo Commercial Properties as a priority investment target, investing about 80% of its portfolio. The investment targets are office and retail properties. In addition, the Trust also invest about 20% of its portfolio in Next Generation Asset Plus, which investment targets include fee-based nursing homes, network centers, and hotels. The asset management company is Hulic Reit Management Co Ltd.
Hulic Reit, Inc. Announces Earnings Results for the Fiscal Period Ended February 28, 2018; Provides Earnings Guidance for the Fiscal Period Ending August 31, 2018 and February 28, 2019; Declares Dividend for the Fiscal Period Ended February 28, 2018, Payable on May 15, 2018