Provider: Wright Reports
Japan Hotel Reit Investment Corp: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
Japan Hotel REIT Investment Corp to Take out Loans; Amends Consolidated Financial Outlook and Distribution Per Unit Outlook for Fiscal Period Ending December 2012
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.
Latest Developments for Japan Hotel Reit Investment Corp
- R&I Upgrades Rating on Japan Hotel REIT Investment Corp to “A-”; Rating Outlook Stable
- JCR Assigns Rating on Japan Hotel REIT Investment Corp at "A"; Rating Outlook Stable
- Japan Hotel REIT Investment Corp Amends Outlook and Distribution per Unit for Fiscal Period Ending December 31, 2013
- R&I Affirms Rating on Japan Hotel REIT Investment Corporation at "BBB+"; Changes Rating Outlook to Positive
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