Mori Trust REIT's Six-Month Net Income Slips
Mori Trust REIT's (TYO:8961) net income slipped 0.9% to 6.54 billion yen in the six months ended Feb. 28 from 6.60 billion yen in the previous half-year period.The REIT's net income per unit decreased to 1,836 yen from 1,853 yen in the prior six-month period, according to a Tokyo bourse filing on Wednesday.Net sales slid 0.7% to 11.6 billion yen from 11.7 billion yen in the prior-half-year period.The REIT declared a final distribution of 1,837 yen per unit, payable from May 25.For the six months ending Aug. 31, the REIT expects net income of 6.45 billion yen and operating revenues of 11.8 billion yen.For the six months ending Feb. 28, 2027, the REIT expects net income of 6.39 billion yen and operating revenues of 11.8 billion yen.Mori Trust REIT plans to pay an interim distribution of 1,814 yen per unit for the period ending August 2026, and 1,795 yen per unit for the period ending February 2027.