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Star Asia Investment Corp. ( (JP:3468) ) just unveiled an announcement.
Star Asia Investment Corporation has announced an upward revision to its forecasts for operating results and distribution for the 18th fiscal period ended January 31, 2025. The performance of eleven hotels acquired through public offerings in 2023 and 2024 has exceeded expectations, leading to a 12.1% increase in net income per unit compared to initial forecasts. This strong performance has resulted in a distribution per unit (DPU) increase that surpasses the inflation rate, with strategic investments planned using retained earnings from future fiscal periods.
More about Star Asia Investment Corp.
Star Asia Investment Corporation is a real estate investment trust (REIT) focused on acquiring and managing a diversified portfolio of real estate assets. The company operates primarily in the real estate sector, with a strong emphasis on hotels, which have shown robust performance following public offerings in 2023 and 2024.
YTD Price Performance: 3.78%
Average Trading Volume: 9,101
Technical Sentiment Consensus Rating: Sell
Current Market Cap: Yen139.7B
Learn more about 3468 stock on TipRanks’ Stock Analysis page.