FINWIRES · TerminalLIVE
FINWIRES

Daiwa House REIT Investment's Profit Falls 19% in Six Months to February

-- Daiwa House REIT Investment's (TYO:8984) profit fell 19% to 12.2 billion yen for the fiscal six months ended Feb. 28 from 15.0 billion yen the previous six-month period.

The REIT's basic earnings per unit declined to 2,676 yen from 3,272 yen the prior half-year period, according to a Tokyo bourse filing on Thursday.

Operating revenues dropped 6.5% to 32.1 billion yen from 34.3 billion yen in the previous six-month period.

It declared a final distribution of 3,458 yen per unit, payable from May 11.

For the fiscal period ending Aug. 31, the REIT expects profit of 11.3 billion yen, and operating revenues of 30.4 billion yen.

For the subsequent fiscal period ending Feb. 28, 2027, the REIT expects profit of 11.4 billion yen, and operating revenues of 30.5 billion yen.

Daiwa House REIT plans to pay distributions of 2,920 yen per unit for the August 2026 period and 2,950 yen per unit for the February 2027 period.

Related Articles

Australia

Jefferies Raises Quest Diagnostics Price Target to $225 From $220

Quest Diagnostics (DGX) has an average rating of overweight and mean price target of $219, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $204.33, Change: $+8.02, Percent Change: +4.09%

$DGX
Australia

Truist Securities Cuts Tractor Supply Price Target to $44 From $55, Hold Rating Kept

Tractor Supply (TSCO) has an average rating of overweight and mean price target of $56.19, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $39.92, Change: $-4.90, Percent Change: -10.92%

$TSCO
Sectors

Sector Update: Energy

Energy stocks were higher Tuesday afternoon, with the NYSE Energy Sector Index rising 1.1% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.2%.The Philadelphia Oil Service Sector Index was climbing 1.8%, while the Dow Jones US Utilities Index fell 1.3%.Front-month West Texas Intermediate crude oil was rising 4.8% to $93.94 a barrel, and the global benchmark Brent crude contract was advancing 4.4% to $99.68 a barrel. Henry Hub natural gas futures increased 0.3% to $2.70 per 1 million BTU.In corporate news, Halliburton (HAL) shares gained 4.1% after it reported lower Q1 adjusted net income and revenue that still topped analysts' expectations.

$HAL