Mirai REIT adds a hotel after an April payout rise, but next distributions still ease
The REIT reported ¥6.11bn of revenue, ¥2.57bn of net profit and a ¥1,349 distribution for the half-year to April, then agreed to buy Smile Hotel Kumagaya for ¥1.20bn. Management still guides distributions down to ¥1,290 and then ¥1,225, so the acquisition looks more like support than a new growth leg.