Japan Prime Realty Investment Corporation (8955) announced its results for the 39th financial period. DPU (distribution per unit) was negative versus the previous period due to large tenant cancellation and temporary rent reduction upon re-declaration of the national state of emergency. Nevertheless, it exceeded its guidance as a result of progress in leasing small compartments. JPR assumes EPU (earnings per unit) recovery starting from June 2022 financial period driven by vaccine penetration and restart of social and economic activities. Execution of its growth strategy will lead to achieving 7,800 yen in DPU at an early date.

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