Top Message

Hankyu Hanshin REIT is implementing measures toward continued growth and enhancement of distributions.

Yoshiaki Shiraki
Executive Director,
Hankyu Hanshin REIT, Inc.

 

Welcome to our website!

A little over a year has passed since the reclassification of COVID-19 as a Class 5 infectious disease, and there has been a remarkable recovery in the flow of people.
During the COVID-19 pandemic, so-called stay-at-home consumption was strong and sales at community-based retail facilities consisting of food supermarkets and drugstores increased. However, since the beginning of the post-coronavirus phase, sales at urban retail facilities have increased.

As changes in people’s behavior have become normalized, we strive to deepen our internal growth.
At community-based retail facilities that continue to perform well, we are in the process of revising rents to match the potential of each property, and at urban retail facilities, we are replacing tenants with more competitive tenants and applying a rational contract structure that allows us to receive variable rents based on sales.

The results of these efforts are reflected in the actual and forecast values of the distribution per unit.
On July 19, we announced the financial results for the 38th fiscal period (ended May 2024). The distribution per unit was 3,030 yen, which was the same amount as the forecast (3,030 yen) announced in January 2024.
We forecast the distribution per unit for the 39th fiscal period (ending November 2024) to be 3,100 yen and for the 40th fiscal period (ending May 2025) to be 3,100 yen.

Actual business performance has exceeded the level before the COVID-19 pandemic.
We will focus on aspects such as external growth, internal growth and financial strategies, and make every effort to continue to improve the distribution per unit.
Please look forward to Hankyu Hanshin REIT’s next actions.

Postscript:
We have posted the video of the financial results briefing for the 38th fiscal period (Japansese only) on our website, in which President Okazaki, who assumed the position of Representative Director of Hankyu Hanshin REIT Asset Management, Inc on April 1, provides an overview of the financial results. We hope you will visit and take a look.

July 2024