Nippon Prologis REIT's Prologis Park Amagasaki 2 (Photo: Nippon Prologis REIT)

Nippon Prologis REIT has reported operating revenue of JPY19.29 billion for the six-month period ended 30 November 2017, a fall of 9.2% over the preceding half that ended 31 May in the same year.

Subsequently, the REIT’s operating income slipped by 20% to JPY10.3 billion, while ordinary income decreased by 14.4% to JPY9.6 billion.

However the REIT’s profit for the period increased by 8.8% to JPY9.6 billion.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.