Mori Hills REIT Holds Its ¥3,100 Payout, But Reserves and Asset Sales Are Doing the Work
Mori Hills REIT kept its distribution at ¥3,100 per unit even as net income fell 5.2%, covering the shortfall with a reserve drawdown and a ¥1.257bn gain from selling part of its Laforet Harajuku land stake, a pattern management plans to repeat for two more periods.