Samty Residential Investment Corporation will sell S-FORT Atsuta Hanamachi in Atsuta Ward, Nagoya. The sale price is ¥942 million, above the appraised value, and the company has also revised its earnings forecast for fiscal year 23.
Samty Residential Investment Corporation sold S-FORT Atsuta Hanamachi. The property is an apartment building for single occupants in Atsuta Ward, Nagoya, completed in 2017. The sale price was ¥942 million, above the appraised value.
A gain on sale of ¥81 million will be recorded. The profit from the sale will be reflected in the earnings forecast for fiscal year 23.
The earnings forecast for fiscal year 23 has been revised, also reflecting the expected impact of repair costs for properties held in connection with the Kumamoto earthquake. Earnings are expected to increase 2.3% from the previously announced forecast, and the per-unit distribution is expected to be ¥2,787.