28th Jul 2014 09:32
LONDON (Alliance News) - Japan Residential Investment Co Ltd Monday said the occupancy rate across its portfolio fell to 93.9% at June 30, compared with 92.0% a year earlier.
The company said it expects improved occupancy in the coming months due in part to the seasonal increase in tenant demand that typically occurs around September, a common fiscal interim period end for many Japanese companies.
Average occupancy for the financial year to date was 95.0% which is roughly in line with the three year average portfolio occupancy rate of 95.2%, the company said.
Japan Residential shares were untraded Monday morning.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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