-- Nomura Real Estate Master Fund's (TYO:3462) net income fell 17% to 13.4 billion yen for the six months ended Feb. 28 from 16.1 billion yen in the prior half-year period.
The REIT's net income per unit declined to 2,874 yen from 3,465 yen in the previous six-month period, according to a Tokyo bourse filing on Friday.
Operating revenues dropped 5.8% to 41.2 billion yen from 43.7 billion yen in the prior half-year period.
It declared a final distribution of 3,634 yen per unit, payable from May 25.
For the six months ending Aug. 31, the company expects net income of 15.1 billion yen and operating revenues of 43.1 billion yen.
For the six months ending Feb. 28, 2027, the company expects net income of 13.5 billion yen and operating revenues of 41.1 billion yen.
Nomura Real Estate Master plans to pay interim and year-end distributions of 3,695 yen per unit for the period ending August 2026, and 3,719 yen per unit for the period ending February 2027, which is higher than the amount paid the previous year.