Hulic Reit, Inc. Reports Distribution for the Fiscal Period Ended Feb. 29, 2020 Scheduled to Commence Payment on May 15, 2020; Reports Distribution Forecast for the Fiscal Periods Ending August 31, 2020 and Fiscal Period Ending February 28, 2021; Reports Earnings Guidance for the Fiscal Period Ending August 31, 2020 and Fiscal Period Ending February 29, 2021
April 13, 2020 at 11:31 pm EDT
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Hulic Reit, Inc. reported a distribution of JPY 3,531 per share for the fiscal period ended February 29, 2020 scheduled to commence payment on May 15, 2020.
For the fiscal period ending August 31, 2020, the company forecasts distribution per unit of JPY 3,580.
For the fiscal period ending February 28, 2021, the company forecasts distribution per unit of JPY 3,480.
For the fiscal period ending August 31, 2020, the company forecasted operating revenues to be JPY 10,618 million, operating profit to be JPY 5,732 million and profit to be JPY 5,012 million and forecasted basic earnings per unit to be JPY 3,580.
For the fiscal period ending February 28, 2021, the company forecasted operating revenues to be JPY 10,205 million, operating profit to be JPY 5,548 million and profit to be JPY 4,872 million and forecasted basic earnings per unit to be JPY 3,480.
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. Reports Distribution for the Fiscal Period Ended Feb. 29, 2020 Scheduled to Commence Payment on May 15, 2020; Reports Distribution Forecast for the Fiscal Periods Ending August 31, 2020 and Fiscal Period Ending February 28, 2021; Reports Earnings Guidance for the Fiscal Period Ending August 31, 2020 and Fiscal Period Ending February 29, 2021
HULIC REIT, INC. 
