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GLP J-REIT Raises Earnings and Distribution Forecast

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GLP J-REIT (TYO:3281) raised its net income forecast for the fiscal period ending Feb. 28, 2027, to 14.3 billion yen from 13.9 billion yen previously, according to a Tokyo bourse filing on Wednesday.

The operating revenue estimate were raised to 29.5 billion yen from 28.2 billion yen, while distributions per unit were adjusted to 3,418 yen from 3,319 yen.

The upward revision followed the acquisition of three logistics properties disclosed on the same day and the scheduled sale of GLP Tomisato.

The revision also includes a 2.93 billion yen gain on property sales and a revised OPD policy targeting approximately 40% of depreciation expenses, along with temporary OPDs of 25 yen per unit to offset the impact of redevelopment at GLP Narashino II.

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