Hankyu Hanshin REIT Reports Mixed Financials

Hankyu Hanshin REIT, Inc. (JP:8977) has released an update.

Hankyu Hanshin REIT, Inc. reported slight fluctuations in its financial performance for the 38th fiscal period ending May 31, 2024, with operating revenues marginally increasing and net income seeing a minor decrease. The company announced a scheduled cash distribution payment commencing on August 15, 2024, and also provided forecasts for future periods indicating potential growth in operating and net income. Notably, the cash distribution per unit exceeded net income per unit due to a partial reversal of reserve entries.

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