GLP J-REIT reports income decline as property sales boost fades

GLP J-REIT reported a 7.3% drop in both ordinary income and net income for the fiscal period ended 28 February 2026, as the prior period's boost from property disposal gains was absent from its latest results.

Net income for the six months ended 28 February 2026 fell to JPY14,896 million from JPY16,062 million a year earlier, while total operating revenues declined 5.5% to JPY28,821 million.

The REIT attributed the fall primarily to the absence of gains on sale recorded in the prior period from the disposal of GLP Kasukabe and GLP Kawajima.