Message from Executive Director
We would like to express our deep gratitude to all our unitholders for your support of Nippon Healthcare Investment Corporation (“NHI”).
NHI posted financial performance of 679 million yen in operating revenue, 274 million yen in operating income and 246 million yen in net income for the fiscal period ended October 2016 (5th Fiscal Period). Concerning distributions, NHI declareda distribution amount per unit of 3,306 yen and a distribution amount in excess of earnings per unit of 800 yen, bringing the total distribution amount per unit to 4,106 yen.
During the 5th Fiscal Period, NHI acquired Sompo no ie Nishitanabeekimae (acquisition price: 710 million yen) in October 2016, expanding the asset size by 45.5% from 13,280 million yen at the time of listing to 19,318 million yen. NHI will aim to enhance portfolio value through investments in carefully selected properties going forward.
The number of operators of facilities owned by NHI has increased from 7 at the time of listing to 11 in the fiscal period ended October 2016. NHI has realized maintenance and improvement of portfolio stability by pressing forward diversification of operators and concluding long-term fixed rent lease agreements.
On the financial front, NHI will continue to work to further strengthen its financial
standing while reducing refinancing risks in the future.
Going forward, NHI will strive to maximize unitholders’ value together with the joint efforts by Daiwa Real Estate Asset Management Co. Ltd., the asset manager for NHI, Daiwa Securities Group Inc., the sponsor, and AIP Healthcare Japan GK, the advisor.
We wish for the continued success of our unitholders and ask for your continued support of NHI.