Nippon Prologis REIT logs record rent gains as it swaps warehouses with a rival fund
Occupancy held at 98% and renewal rents rose 7.0%, the steepest increase since Nippon Prologis REIT listed in 2013, but net income still fell 6.2% for the year to May 2026 because gains on property sales were smaller than a year earlier. The REIT is also swapping a Funabashi warehouse for one in Ichikawa with Japan Logistics Fund in three stages running through February 2027.