ラサールロジポート投資法人 announced results for its 21st fiscal period (fiscal year ending August 2026). Actual distribution per unit, including distributions in excess of profits, was ¥4,040, an increase of 8.5% from the previous period.
ラサールロジポート投資法人 announced results for its 21st fiscal period (fiscal year ending August 2026). It sold 3 properties. Although the sale of Aisai Logistics Center resulted in a loss, gains from the sale of Kariya Logistics Center and other properties contributed to higher earnings than in the previous period.
Distribution per unit, including distributions in excess of profits, was ¥4,040, an increase of 8.5% from the previous period. The portfolio comprised 19 properties at period-end, with total assets of ¥342.4 billion and an interest-bearing debt ratio of 45.8%.
In the 22nd fiscal period (fiscal year ending February 2027), the fund plans to sell Logiport Kashiwa Shonan and Inuyama Logistics Center and expects to record sale gains of ¥2,288 million. However, earnings are expected to decline 1.5% from the previous period due to lower rental revenue and higher interest expenses. As the entire sale gain will be distributed, no distributions in excess of profits will be made, and distribution per unit is expected to be ¥4,000. In the 23rd fiscal period (fiscal year ending August 2027), the fund plans to record a gain on the sale of Logiport Sakai Minamishimacho. Although earnings are expected to decline 12.2% from the previous period, the fund plans to distribute the entire sale gain, maintain distributions in excess of profits, and keep distribution per unit at ¥4,000.
The fund plans to continue large-scale property sales and acquire its own investment units for 6 consecutive fiscal periods, with the aim of improving portfolio quality and enhancing returns on capital during a period of rising interest rates.