Cash Distributions
Cash Distributions
- For the Fiscal Period Ended
February 29, 2024 (20th Period) - Per Investment Unit: ¥3,583
The operating revenues for the reporting period were ¥11,323 million (up0.9% compared with the previous fiscal period), operating profit was ¥5,960 million (up 1.3% compared with the previous fiscal period), ordinary profit after deducting interest expenses for borrowings, etc. was 5,160 million (up 1.2% compared with the previous fiscal period), and profit was ¥5,160 million (up 1.9% compared with the previous fiscal period).
Furthermore, in accordance with the distribution policy set forth in the Investment Corporation’s Articles of Incorporation, the Investment Corporation has applied special measures for the taxation system for investment corporations (Article 67-15 of the Act on Special Measures Concerning Taxation) and decided to pay distributions for the reporting period of an amount roughly equal to profit, with the aim of including distributions of profits in tax deductible expenses. Consequently, distributions per unit came to ¥3,583.
Cash Distribution Forecast
- For the Fiscal Period Ending
August 31, 2024 (21st Period) - Per Investment Unit: ¥3,580
The 21st period is from March 1, 2024 to August 31, 2024, a six-month period.
The above cash distribution forecast is calculated based on certain assumptions as of April 18, 2024, and the actual distributions may vary due to factors such as additional acquisitions or transfers of real estate, etc., upswings or downswings in the real estate market or other changes in market conditions affecting the Investment Corporation. These forecasts do not guarantee the distribution amount.
Eligibility to receive cash distributions is limited to registered unitholders of record as of Augsut 31, 2024.
- For the Fiscal Period Ending
February 28, 2025 (22nd Period) - Per Investment Unit: ¥3,480
The 22nd period is from September 1, 2024 to February 28, 2025, a six-month period.
The above cash distribution forecast is calculated based on certain assumptions as of April 18, 2024, and the actual distributions may vary due to factors such as additional acquisitions or transfers of real estate, etc., upswings or downswings in the real estate market or other changes in market conditions affecting the Investment Corporation. These forecasts do not guarantee the distribution amount.
Eligibility to receive cash distributions is limited to registered unitholders of record as of February 28, 2025.
Time Limitation on Claim for Cash Distributions
In accordance with the Hulic Reit’s Articles of Incorporation, if three full years have passed from the date of commencement of payment of the distributions, the Investment Corporation shall be exempt from its obligation to pay such distributions. Moreover, no interest shall accrue on unpaid distributions.