Global One Real Estate Investment Corporation [8958.T]
TOKYO, May 21 (Pulse News Wire) – Global One Real Estate Investment Corporation (8958.T) reported higher operating profit for the fiscal year ending March 31, 2026, despite reduced gains from property sales. Revenue reached ¥7.544 billion, up from ¥7.311 billion in the previous year.
Operating profit increased by 36%, reaching ¥36 million compared to ¥26 million last year. The company attributed the growth primarily to lower repair costs and increased rental income. However, property sale profits declined due to fewer transactions. Total distribution per share (DPS) was ¥21, marking a slight decrease from ¥22 in the prior period.
The firm plans to retain part of its earnings internally while maintaining DPS levels. Looking ahead, Global One anticipates continued revenue growth driven by strategic asset acquisitions and improved leasing activities. For the nine months ending September 2026, the company projects a modest decline in operating profit to ¥35 million amid anticipated reductions in property sales revenues. Nonetheless, management remains optimistic about long-term prospects, citing robust cash flow generation and stable financing conditions.
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