Ichigo Hotel REIT Investment Corp. (JP:3463) has released an update.
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Ichigo Hotel REIT Investment Corp. has updated its earnings forecast for July 2024, with increases in operating revenue, operating profit, recurring profit, net income, and dividend per share, primarily driven by steady inbound tourism and stable domestic business demand. Despite the end of a government travel subsidy program, the company exceeded its previous expectations for variable rent and incurred lower repair expenses, resulting in improved financial metrics across the board.
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