Tokyu REIT, Inc. Revises Earnings Guidance for the Fiscal Period Ending July 31, 2023 and January 31, 2024
July 14, 2023 at 02:00 am EDT
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Tokyu REIT, Inc. revised earnings guidance for the fiscal period ending July 31, 2023 and January 31, 2024. For the ending July 31, 2023, the company expected operating revenues to be ¥8,932 million as compared to previous guidance of ¥7,743 million, operating income to be ¥4,649 as compared to previous guidance of ¥3,327 million, net income to be ¥4,217 as compared to previous guidance of ¥2,892 million and net income per unit of ¥4,314 as compared to previous guidance of ¥2,958, distribution per Unit to be ¥3,750 as compared to previous guidance of ¥3,400.
For the ending January 31, 2024, the company expected operating revenues to be ¥9,013 million as compared to previous guidance of ¥7,882 million, operating income to be ¥4,734 as compared to previous guidance of ¥3,485 million, net income to be ¥4,298 as compared to previous guidance of ¥3,036 million and net income per unit of ¥4,396 as compared to previous guidance of ¥3,105, distribution per Unit to be ¥3,750 as compared to previous guidance of ¥3,400.
TOKYU REIT, Inc. is a Japan-based real estate investment trust (REIT) company. It aims to achieve sustainable growth in assets and stable earnings from mid- to long-term perspectives. The Company invests mainly in real estate properties, including office buildings and commercial facilities. The Company focuses on investments in the five areas of central Tokyo and the areas along the Tokyu railroad. Itâs property portfolio mainly includes Setagaya Business Square, QFRONT, cocoti, Tokyu Ikejiri-ohashi Building, Kojimachi Square, TOKYU REIT Shinjuku Building, TOKYU REIT Toranomon Building, Akasaka 4-chome Building, TOKYU REIT Shibuya R Building and Akihabara Sanwa Toyo Building. The asset manager of the Fund is Tokyu Real Estate Investment Management Inc.
TOKYU REIT, INC. 
