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Nippon Prologis REIT Inc to Acquire Property; Amends Financial Guidance and Distribution per Unit for Fiscal Period Ending May 31, 2014


Tuesday, 5 Nov 2013 01:30am EST 

Nippon Prologis REIT Inc announced that it will acquire the trust beneficial rights of four properties for JPY 54,070 million in total, effective December 3, 2013. In addition, the Company has raised the financial guidance for revenue from JPY 10,724 million to JPY 12,518 million, operating profit from JPY 5,250 million to JPY 6,121 million, ordinary profit from JPY 4,321 million to JPY 4,952 million, net profit from JPY 4,320 million to JPY 4,951 million and distribution per unit from JPY 17,826 to JPY 18,251 for the fiscal period ending May 31, 2014. The positive outlook is due to the new units issuance and the acquisition of properties. 

Company Quote

224300.0
-500.0 -0.22%
3 Jul 2015