Central REIT Investment's Net Income Edges Up in Six Months to February
Central REIT Investment's (TYO:3488) net income edged up 0.4% to 808 million yen for the six months ended Feb. 28 from 805 million yen in the prior half-year period.The REIT's net income per unit increased to 3,238 yen from 3,225 yen in the previous six-month period, according to a Tokyo bourse filing on Friday.Operating revenue jumped 26% to 2.16 billion yen from 1.71 billion yen in the prior half-year period.It declared a final distribution of 3,238 yen per unit, payable from May 26.For the six months ending August, the company expects net income of 878 million yen and operating revenue of 1.96 billion yen.For the six months ending Feb. 28, 2027, the company expects net income of 826 billion yen and operating revenue of 1.92 billion yen.Central REIT plans to pay interim and year-end distributions of 3,342 yen per unit for the fiscal period ending August 2026 and 3,143 yen per unit for the period ending February 2027, which is higher than the amount paid in the prior period.