Key Developments: Japan Hotel Reit Investment Corp (8985.T)
35,100JPY
19 Jun 2013
¥-1,100 (-3.04%)
¥35,550
¥36,150
¥36,150
¥35,100
4,751
21,186
¥45,700
¥20,450
Latest Key Developments (Source: Significant Developments)
Japan Hotel REIT Investment Corp to Sell Property
Japan Hotel REIT Investment Corp announced that it has decided to transfer the trusted beneficial rights of a Kanagawa-based business hotel, at the price of JPY 380 million, to a Japan-based company engaged in real estate leasing and trading business, on June 28, 2013. Full Article
R&I Affirms Rating on Japan Hotel REIT Investment Corporation at "BBB+"; Changes Rating Outlook to Positive
Japan Hotel REIT Investment Corporation announced that Rating and Investment Information, Inc. (R&I) announced that it has affirmed the rating on Japan Hotel REIT Investment Corporation at "BBB+". R&I has changes the rating outlook from stable to positive. Full Article
Japan Hotel REIT Investment Corp Acquires Property
Japan Hotel REIT Investment Corp announced that it has completed the acquisition of a property located in Chiba, from a Japan-based company, which was announced on April 2, 2013, for JPY 26,050 million on April 26, 2013. Full Article
Japan Hotel REIT Investment Corp Announces Changes of Scales of Loans
Japan Hotel REIT Investment Corp announced that it has decided to change the total amount of the loan from JPY 10,000 million to JPY 8,900 million. The plan was previously disclosed on April 4, 2013. Full Article
Japan Hotel REIT Investment Corp Announces Price for New Investment Units Issuance
Japan Hotel REIT Investment Corp announced that it has decided to issue new investment units at the price of JPY 41,778 per share, or JPY 21,306,780,000 in total, on April 17, 2013. Full Article
Japan Hotel REIT Investment Corp to Acquire Property; to Issue Investment Units and Take out Loan
Japan Hotel REIT Investment Corp announced that it will acquire a property located in Chiba, from a Japan-based company for JPY 26,050 million on April 26, 2013. As a result, the Company will issue 510,000 investment units at an undetermined price through public offering. The payment will be conducted on one day during April 17, 2013 to April 22, 2013. The Company will also be taking out a JPY 10,000 million loan, with Sumitomo Mitsui Banking Corporation as the arranger, on April 26, 2013. The funds from investment unit issuance and loan will be used for acquisition of the Chiba-based property. Full Article
Japan Hotel REIT Investment Corp Amends Mid-year and Full-year Outlook and Reaffirms Year-end Distribution per Unit for Fiscal Period Ending December 31, 2013
Japan Hotel REIT Investment Corp announced that it has raised its mid-year outlook for revenue from JPY 4,228 million to JPY 4,569 million, operating profit from JPY 1,933 million to JPY 2,176 million, ordinary profit from JPY 1,185 million to JPY 1,274 million, net profit from JPY 1,185 million to JPY 1,274 million, for the fiscal period ending December 31, 2013. The Company also has raised its outlook for revenue from JPY 9,795 million to JPY 11,085 million, operating profit from JPY 5,045 million to JPY 6,014 million, ordinary profit from JPY 3,517 million to JPY 4,234 million, net profit from JPY 3,515 million to JPY 4,232 million, and reaffirmed its year-end distribution per unit of JPY 1,670, for the fiscal period ending December 31, 2013. This is due to the issuance of new investment units. Full Article
Japan Hotel REIT Investment Corporation Amends Financial Guidance and Distribution per Unit Forecast for Fiscal Period Ended December 2012
Japan Hotel REIT Investment Corporation announced that it has raised its financial guidance for revenue from JPY 7,226 million to JPY 7,283 million, but lowered the outlook for operating profit from JPY 2,799 million to JPY 2,595 million, ordinary profit from JPY 1,598 million to JPY 1,412 million and net profit from JPY 20,196 million to JPY 19,031 million, and raised the outlook for distribution per unit from JPY 1,341 to JPY 1,427, for the fiscal period ended December 2012. The Company lowered the profit outlook due to the negative goodwill, loss on selling of property and impairment loss, among others. Full Article
Japan Hotel REIT Investment Corp Completes Selling of Trusted Beneficial Rights of Property
Japan Hotel REIT Investment Corp announced that it has completed the divestiture of trusted beneficial rights of a property, at the price of JPY 420 million, which was disclosed on November 22, 2012. Full Article
Japan Hotel REIT Investment Corp Issues Mid-year and Full-year Outlook for Fiscal Period Ending December 31, 2013
Japan Hotel REIT Investment Corp announced that it has issued its mid-year outlook for revenue of JPY 4,228 million, operating profit of JPY 1,933 million, ordinary profit of JPY 1,185 million, net profit of JPY 1,185 million, and distribution per unit of an undetermined value, for the fiscal period ending December 31, 2013. The Company also has issued its full-year outlook for revenue of JPY 9,795 million, operating profit of JPY 5,045 million, ordinary profit of JPY 3,517 million, net profit of JPY 3,515 million, and distribution per unit of JPY 1,670, for the fiscal period ending December 31, 2013. Full Article
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