Tosei Reit maps out flat payouts after April rise, with reserves and sponsor equity
Tosei Reit paid ¥3,926 per unit for the half-year to April and guides the next two periods at ¥3,826. The first forecast is matched by per-unit profit; the second is not, with the filing explicitly relying on an internal-reserve drawdown. A small third-party allotment to sponsor Tosei is also earmarked mainly for debt repayment after the May purchase of TR Garden Yokohama Nakata.