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PR Newswire
10-11-2010, 12:18 PM
Just an update on their financials released early this morning, nothing spectacular and pretty much expected.
Gross revenue, net property income and net income from operations increased by 0.8%, 0.8% and 2.5%. Occupancy dropped 0.4%. Very marginal, more so if appreciation of jpy not taken into account. Refinancing efforts for Shintoku are "on going", they mentioned a formation of a syndication and potential syndicate partners are doing their own internal assessments. So essentially it's still a wait and see :p
Next distribution will be in March 2011.
Gross revenue, net property income and net income from operations increased by 0.8%, 0.8% and 2.5%. Occupancy dropped 0.4%. Very marginal, more so if appreciation of jpy not taken into account. Refinancing efforts for Shintoku are "on going", they mentioned a formation of a syndication and potential syndicate partners are doing their own internal assessments. So essentially it's still a wait and see :p
Next distribution will be in March 2011.