Mitsubishi Estate Logistics REIT Investment (TYO:3481) net income fell 21% to 3.81 billion yen for the six months ended Aug. 31, from 4.79 billion yen the previous half-year period.

The Reit's net income per unit fell to 2,539 yen from 3,173 yen a year ago, according to a Tokyo bourse filing on Thursday.

Operating revenues declined 12% to 8.04 billion yen in the half-year period from 9.11 billion yen in the previous six months.

It declared distributions per unit of 2,829 yen for the fiscal period, payable from Nov. 21.

For the fiscal period ending Feb. 28, 2026, the company expects net income of 3.78 billion yen, distribution per unit of 2,832 yen, and operating revenues of 8.14 billion yen.

For the fiscal period ending Aug. 31, 2026, the company expects net income of 3.78 billion yen, distribution per unit of 2,835 yen, and operating revenues of 8.19 billion yen.