Ichigo Hotel REIT Boosts Profit and Dividend Outlook

Ichigo Hotel REIT Investment Corp. (JP:3463) has released an update.

Ichigo Hotel REIT Investment Corp. has updated its January 2025 earnings forecast, with a slight dip in operating revenue but significant increases in operating profit, recurring profit, net income, and dividend per share, citing changes such as reduced performance fees and the impact of a hotel sale. Despite strong inbound demand, the company anticipates a decrease in variable rent at some hotels due to stagnant domestic business and leisure demand in certain areas. The revised forecast anticipates a 12-14% rise in profits and dividends compared to the previous forecast.

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