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28 Jul 2014 07:00
28 July 2014
Japan Residential Investment Company Limited
(the "Company")
Portfolio Occupancy
Japan Residential Investment Company Limited (AIM: JRIC) is a closed-ended Guernsey registered company established to make and hold investments in residential property in Japan. The Company, its subsidiaries and entities in which it has a beneficial interest are referred to collectively as the "Fund".
On 30 June 2014, the Fund portfolio occupancy rate was 93.9%, down 1.9% from the same date one year prior. Average occupancy for the fiscal year to date - seven months ended June 2014 - was 95.0% which is roughly in line with the three year average portfolio occupancy rate of 95.2%.
The Investment Adviser anticipates improved occupancy performance 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.
Enquiries
KK Halifax Management Limited Manager
| Edward Barrow | +65 6593 8904 |
KK Halifax Asset Management Investment Adviser
| Alec Menikoff | +81 (0)3 5563 8771 |
Smith & Williamson Corporate Finance Limited Nominated Adviser
| Azhic Basirov David Jones | +44 (0)20 7131 4000 |
Jefferies Hoare Govett Joint Broker
| Sara Hale Simon Hampton | +44 (0)20 7029 8000 |
Liberum Capital Limited Joint Broker
| Richard Bootle | +44 (0)20 3100 2222 |
JRIC.L (JRIC)
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