HEIWA REAL ESTATE REIT, Inc. reported earnings results for the six months ended May 31, 2018. For the period, the company reported total operating revenue of JPY 8,803 million against JPY 5,881 million a year ago. Operating income was JPY 5,305 million against JPY 2,557 million a year ago. Ordinary income was JPY 4,815 million against JPY 2,048 million a year ago. Income before income taxes was JPY 4,815,843,000 against JPY 1,905,556,000 a year ago. Net income was JPY 4,815 million or JPY 4,744 per unit against JPY 1,904 million or JPY 1,877 per unit a year ago. Cash flows from operating activities were JPY 12,208 million against JPY 4,590 million a year ago. Purchase of property, plant and equipment were JPY 2,294,501,000 against JPY 567,155,000 a year ago.

For the year ending November 30, 2018, the company expects to report operating revenue of JPY ¥5,880 million, operating income of JPY 2,609 million, ordinary income of JPY 2,148 million and net income of JPY 2,148 million or JPY 2,117 per unit.

For the period ending May 2019, the company expects to report operating revenue of JPY 5,925 million, operating income of JPY 2,630 million, ordinary income of JPY 2,170 million and net income of JPY 2,170 million or JPY 2,138 per unit.