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.