Japan Excellent, Inc. Revises Earnings Guidance for the Year Ending December 31, 2016 and Provides Earnings Guidance for the Period Ending June 30, 2017
June 22, 2016 at 11:25 am EDT
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Japan Excellent, Inc. revised earnings guidance for the year ending December 31, 2016 and provided earnings guidance for the period ending June 30, 2017. For the year ending December 31, 2016, the company now expects total revenues of ¥10,651 million, operating income of ¥4,148 million, ordinary income of ¥3,356 million, net income of ¥3,355 million and distribution per unit of ¥2,570 against previously expected total revenues of ¥10,346 million, operating income of ¥3,968 million, ordinary income of ¥3,141 million, net income of ¥3,140 million and distribution per unit of ¥2,570.
For the period ending June 30, 2017, the company expects total revenues of ¥10,633 million, operating income of ¥4,150 million, ordinary income of ¥3,422 million, net income of ¥3,421 million and distribution per unit of ¥2,620.
Japan Excellent, Inc. is a real estate investment trust (REIT) company. It aims to achieve sustainable growth in asset and stable earnings from mid- to long-term perspectives. It primarily invests in office buildings located in Tokyo's six central wards, central Osaka and Nagoya, Tokyo's surrounding areas, including Kanagawa, Saitama and Chiba Prefectures, as well as other government-designated cities. Its property portfolio includes Kowa Kawasaki Nishiguchi Building, Akasaka Garden City, Omori Bellport D, AKASAKA INTERCITY, Musashikosugi Tower Place, Daiba Garden City Building, Kowa Kawasaki Higashiguchi Building, Shiba 2-Chome Building, JEI Hamamatsucho Building and No.44 Kowa Building. The asset manager of the Fund is Japan Excellent Asset Management Co., Ltd.
Japan Excellent, Inc. Revises Earnings Guidance for the Year Ending December 31, 2016 and Provides Earnings Guidance for the Period Ending June 30, 2017
JAPAN EXCELLENT, INC. 