15th Aug 2014 07:31
LONDON (Alliance News) - Japan Residential Investment Company Ltd Friday said its portfolio occupancy rate was 94.2% at July 31, down 1.1% on the comparable period a year earlier.
Average occupancy for the firm in the 12 months to July 31, 2014 was 95%, said the company.
In July, the Japanese residential property firm said pretax profit in the year to March 31 was down to GBP6.8 million, from GBP8.1 million a year earlier, as gross rental income dipped and property prices remained below historical peaks.
Japan Residential shares were down 0.5% to 55.75 pence in early trading Friday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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