Heiwa Real Estate REIT, Inc. acquired HF Akishima Station Front Building for ¥2.23 billion. The property is a 5-story office building completed in 1988, located a 2-minute walk from Akishima Station, with 15 tenants and an occupancy rate of 95.9% as of the end of August. The company also revised its earnings forecast for the 51st fiscal period to reflect a 0.1% increase in earnings.
Heiwa Real Estate REIT, Inc. acquired HF Akishima Station Front Building for ¥2.23 billion. The property is a 5-story office building completed in 1988, located a 2-minute walk from JR Akishima Station.
As of the end of August, the property had an occupancy rate of 95.9% and 15 tenants.
The company revised its earnings forecast for the 51st fiscal period (fiscal year ending May 2027), incorporating other properties already acquired and forecasting a 0.1% increase in earnings from the outlook announced at the time of disclosure.
The company plans to increase its use of retained earnings, bringing the distribution per unit to ¥4,070, an expected increase of 0.7%.