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Provider: Reuters Investment Profile
Provider: Wright Reports

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Japan Hotel REIT Investment Corp to Take out Loans; Amends Consolidated Financial Outlook and Distribution Per Unit Outlook for Fiscal Period Ending December 2012

Tuesday, 28 Aug 2012 03:00am EDT 

Japan Hotel REIT Investment Corp announced that it will take out a JPY 6,000 million loans from Sumitomo Mitsui Banking Corporation on September 19, 2012. The details are to be determined. The Company will use this loan to acquire properties. The Company also raised its consolidated financial outlook for operation income from JPY 6,997 million to JPY 7,226 million, but lowered operating profit from JPY 3,572 million to JPY 2,799 million, ordinary profit from JPY 2,443 million to JPY 1,598 million, net profit from JPY 21,041 million to JPY 20,196 million, and reaffirmed its distribution per unit of JPY 1,341 for the fiscal period ending December 31, 2012. 

Company Quote

200.0 +0.37%
11 Jul 2014