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(Jun. 27, 2014)
Japan Rental Housing Investments Inc. Acquires Forest Hill SendaiAoba , Sells Dorme Takamine. And announces its Revision of Earnings Forecast for the 17th Fiscal Period. Net income increases 8.5% compared with the previous forecast, dividend per unit is expected to be 1,720 JPY.
| Acquisition | |||
| Property name | Forest Hill SendaiAoba | ||
| Address | Sendai Miyagi | ||
| Acquisition price (million JPY) |
2,750 | ||
| Expected NOI yield | Not disclosed | ||
| Cap rate | 5.7% | ||
| Completion | Mar. 8, 2007 | ||
| Acquisition date | Jun. 1, 2014 | ||
| Seller | Not disclosed | ||
| Disposition | |||
| Property name | Dorme Takamine | ||
| Address | Nagoya Aichi | ||
| Disposition price (JPY) |
210,000,000 | ||
| Book value (JPY) (as of Mar. 31, 2014) |
148,714,000 | ||
| Gain/Loss (JPY) (disposition price - book value) |
61,286,000 | ||
| Disposition date | Jul. 2, 2014 | ||
| Buyer | Prime Estate Co., Ltd. | ||
| Forecast | |||
| 17th period (forecast) | (Before revision) | Change (%) | |
| Operating revenues (million JPY) |
7,130 | 6,892 | 3.5% |
| Net income (million JPY) |
2,536 | 2,338 | 8.5% |
| Dividend per unit (JPY) |
1,720 | 1,585 | 8.5% |
(Billions of yen)
| 1 | Shinjuku Mitsui Bldg. | 170 |
|---|---|---|
| 2 | IIDABASHI GRAND BLOOM | 139 |
| 3 | Roppongi Hills Mori Tower | 115 |
| 4 | Shiodome Building | 107 |
| 5 | Tokyo Shiodome Building | 83 |
| 1 | Nippon Prologis | +1.86% |
|---|---|---|
| 2 | Daiwa House REIT | +1.82% |
| 3 | CRE Logistics | +1.77% |
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