Frontier REIT Reports Growth and Strong Equity

Frontier Real Estate Investment Corporation (JP:8964) has released an update.

Frontier Real Estate Investment Corporation reported a positive financial performance for the 40th fiscal period ending June 30, 2024, with increases in operating revenue, net income, and return on equity compared to the previous period. The company also announced a distribution per unit of 11,030 yen and maintained a strong equity ratio of 52.4%. Looking ahead, the company provided conservative forecasts for operating revenue and net income for the upcoming 41st and 42nd fiscal periods.

For further insights into JP:8964 stock, check out TipRanks’ Stock Analysis page.