LaSalle LOGIPORT REIT's Net Income Falls 8.3% in Six Months Ended February
LaSalle LOGIPORT REIT's (TYO:3466) net income fell 8.3% to 6.02 billion yen for the six months ended Feb. 28 from 6.57 billion yen in the previous half-year period.The REIT's net income per unit decreased to 3,353 yen from 3,627 yen in the prior six-month period, according to a Tokyo bourse filing on Wednesday.Operating revenues dropped 5.8% to 12.5 billion yen from 13.3 billion yen in the prior half-year period.The REIT declared a final distribution of 3,467 yen per unit (excluding distributions in excess of retained earnings) for the fiscal period, payable from May 27.For the fiscal period ending Aug. 31, the REIT expects net income of 6.28 billion yen and operating revenues of nearly 13 billion yen.For the subsequent half-year period ending Feb. 28, 2027, the REIT expects net income of 4.9 billion yen, and operating revenues of 11.1 billion yen.LaSalle LOGIPORT REIT plans to pay an interim distribution of 3,782 yen per unit for period ending August 2026 and 2,952 yen per unit for period ending February 2027.