Hoshino Resorts REIT beats payout plan, then guides to a brief dip
The hotel REIT reported a distribution of ¥6,832 per unit for the period ended April 30, ¥332 above its earlier forecast, as variable rent from roadside assets and the five the b hotels ran ahead of assumptions. Guidance slips to ¥6,700 for the next period before recovering to ¥6,850, with higher rates, repairs and a cooler Osaka market after Expo strength offsetting new lease terms at three Comfort hotels.