Nippon Prologis REIT, Inc. Reports Earnings Results for the Period Ended November 30, 2019; Provides Earnings Guidance for the Fiscal Period Ending May 31, 2020 and for the Fiscal Period Ending November 30, 2020; Announces Dividend for the Period Ended November 30, 2019, Payable on February 14, 2020; Provides Dividend Guidance for the Period Ending May 31, 2020
January 17, 2020 at 08:24 am EST
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Nippon Prologis REIT, Inc. reported earnings results for the period ended November 30, 2019. For the period, the company reported operating revenues of JPY 21,680 million, operating income of JPY 10,147 million, and profit of JPY 9,323 million or JPY 3,996 per unit.
For the fiscal period ending May 31, 2020, the company expects operating revenues of JPY 22,535 million, operating income of JPY 10,489 million, and profit of JPY 9,550 million or JPY 3,936 per unit.
For the fiscal period ending November 30, 2020, the company expects operating revenues of JPY 23,657 million, operating income of JPY 11,030 million, and profit of JPY 10,160 million or JPY 4,120 per unit.
The company announced dividend of JPY 4,575 per unit (including SCD) and JPY 3,969 per unit (excluding SCD) for the period ended November 30, 2019. Scheduled date for commencement of distributions payments is February 14, 2020.
The company provided dividend guidance for the period ending May 31, 2020. For the period, the company expects dividend of JPY 4,502 per unit (including SCD) and JPY 3,935 per unit (excluding SCD).
Nippon Prologis REIT Inc. is a Japan-based real estate investment trust (REIT). It aims to achieve sustainable growth in asset and stable earnings from mid- to long-term perspectives. The REIT mainly invests in logistic facilities, focusing on A class logistic facilities. Its portfolio included Prologis Park Ichikawa 1, Prologis Park Zama 1 , Prologis Park Kawajima , Prologis Park Osaka 2, Prologis Park Maishima 3 , Prologis Park Kasugai, Prologis Park Maishima 4, Prologis Park Kitanagoya, Prologis Park Tagajo and Prologis Park Takatsuki, among others. The asset manager of the REIT is Prologis REIT Management K.K.
Nippon Prologis REIT, Inc. Reports Earnings Results for the Period Ended November 30, 2019; Provides Earnings Guidance for the Fiscal Period Ending May 31, 2020 and for the Fiscal Period Ending November 30, 2020; Announces Dividend for the Period Ended November 30, 2019, Payable on February 14, 2020; Provides Dividend Guidance for the Period Ending May 31, 2020
NIPPON PROLOGIS REIT, INC. 
