Current Effects of COVID19 on Profit Outlook as of May 2021
The occupancy rate was 95.2%, down 0.6% from the previous month in May 2021. In May we usually see lower occupancy rates as in April. Out of all, the drop from the previous month was larger than last year. The reason is that we could not steadily lease-up the vacancies. For details, cancellation rate increased by 0.4% year-over-year, on the other hand, contract rate increased by only 0.2% year-over-year. We will continue to carefully grasp the trends in the rental housing market and take measures to maintain and improve the occupancy