Tokyu REIT, Inc. Revises Earnings Guidance for the Period from February 1, 2024 to July 31, 2024 and August 1, 2024 to January 31, 2025
July 12, 2024 at 02:00 am EDT
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Tokyu REIT, Inc. revised earnings guidance for the period from February 1, 2024 to July 31, 2024 and August 1, 2024 to January 31, 2025. For the period ending July 31, 2024, the company expected operating revenues ¥9,696 million, operating income of ¥5,166 million, net income of ¥4,730 million or ¥4,838 per unit against previous guidance of operating revenues ¥9,632 million, operating income of ¥5,128 million, net income of ¥4,693 million or ¥4,800 per unit.
For the period ending January 31, 2025, the company expected operating revenues ¥7,945 million, operating income of ¥3,463 million, net income of ¥2,976 million or ¥3,044 per unit against previous guidance of operating revenues ¥7,593 million, operating income of ¥3,266 million, net income of ¥2,818 million or ¥2,883 per unit.
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. 
