Sankei Real Estate Investment Trust (TYO:2972) posted a 3.4% increase in net income to 1.14 billion yen for the six months ended February, lifting net income per unit to 2,450 yen from 2,369 yen a period earlier, according to a Tuesday filing on the Tokyo Stock Exchange.
Operating revenue rose 2.2% to 2.52 billion yen.
The REIT declared a distribution of 2,451 yen per unit, representing a payout ratio of 100%. Total assets stood at 105.09 billion yen with a 48.1% equity ratio.
For the fiscal period ending August 2025, Sankei forecasts a 4.9% drop in net income to 1.09 billion yen and a 4.9% lower distribution of 2,330 yen per unit.
A further decrease to 2,250 yen per unit is projected for the following half-year.