Japan's day, wrapped and delivered by morning.
Latest Tokyo Brief coverage on KDX Realty Investment Corporation, tracking filings, financial news, and market signals from Japan.
TSE:8972
Kenedix's asset manager is preparing a new listed REIT for houses and row houses, and it rewrote its internal rules so the newcomer ranks third, not first, for ordinary apartment deals.
KDX delivered a ¥4,166 distribution for the half-year to April on ¥39.84bn of revenue and ¥17.04bn of net income, and guides to ¥4,227 in each of the next two periods. The catch is that forecast net income falls in the first of those periods, while payout support comes from planned reserve withdrawals; a separate buyback of up to 50,000 units, or ¥6.0bn, sits alongside guidance rather than inside it.