MORI TRUST REIT (TYO:8961) posted a 1.1% increase in net income to 6.86 billion yen for the fiscal six months ended Feb. 28 from 6.79 billion yen the previous period.
The REIT's net income per unit rose to 1,926 yen from 1,906 yen a year ago, according to a Tuesday Tokyo bourse filing.
Operating revenue grew 0.6% to 11.8 billion yen from 11.7 billion yen.
The company declared a final distribution of 1,788 yen per unit for the fiscal period ended February 2025, payable from May 22.
For six months ending Aug. 31, MORI TRUST REIT forecasts net income to decline 8.4% to 6.29 billion yen and operating revenue to drop 3.3% to 11.4 billion yen.
For six months ending Feb. 28, 2026, the Reit expects net income to slip 0.9% to 6.23 billion yen and operating revenues to gain 0.2% to 11.5 billion yen.
The REIT plans to distribute 1,766 yen per unit for the half year ending Aug. 31, 2025, and 1,750 yen for the six-month period ending Feb. 28, 2026.
Price (JPY): $63500.00, Change: $-200, Percent Change: -0.31%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.