Mitsubishi Estate Logistics REIT reports 21% jump in DPU

Mitsubishi Estate Logistics REIT (MEL) reported a 21% jump in distributions per unit (DPU) for the fiscal period ended 28 February 2026.

The REIT’s performance for the period was driven by proceeds from property dispositions, even as underlying revenue growth remained modest and the outlook for the following period points to a sharp pullback.

The REIT disposed of MJ Logipark Kazo 1 and MJ Logipark Kazo 2 on 31 March 2026 for JPY1,680 million and JPY1,840 million respectively, generating estimated gains of JPY499 million and JPY171 million.