Nomura Real Estate (TYO:3231) profit attributable to owners of the parent fell 26% to 31.4 billion yen for the six months ended Sept. 30 from 42.5 billion yen in the previous half-year period.
The Reit's earnings per share (EPS) fell to 36.47 yen from 49.14 yen a year ago, according to a Tokyo bourse filing on Thursday.
Operating revenue gained 4.3% to 397.7 billion yen in the half-year period from 381.3 billion yen in the year-ago period.
The REIT's shares slipped 3.2% in the first hour of trading on Friday.
It declared a semi-annual dividend of 18.00 yen per share, payable from Dec. 1.
For the six months ending March 31, 2026, the company expects attributable profit of 75 billion yen, basic EPS of 87.49 yen, and operating revenue of 940 billion yen.
The company expects to pay a year-end dividend of 18.00 yen per share for the current fiscal year.