GLP J-REIT Financial Summary for the Fiscal Period Ended August 2026

Summary of Results

In the fiscal period under review (fiscal period ended August 2026), stable cash flows supported rent increases and high occupancy. Operating revenue was 30,454 million yen, operating income was 17,328 million yen, ordinary income was 15,534 million yen, and net income attributable to owners of parent was 15,532 million yen. Distribution per investment unit was 3,267 yen, including an excess profit distribution of 392 yen. Unrealized gains were 33,389.2 million yen and the period-end appraised value was 118,435 million yen, resulting in a high unrealized gains ratio of approximately 39.3%.

Future Policy and Unitholder Value

The operating outlook for the periods ending February 2027 and August 2027 combines internal growth, primarily through rent revisions, with external growth via acquisition of sponsor-developed and third-party properties. Emphasis is placed on executing refinancings, maintaining flexibility in capital policy, and continuing rent revisions using CPI-linked provisions. Medium- to long-term objectives include returning unrealized gains to unitholders and improving portfolio quality.