Hankyu Hanshin REIT, Inc.
Materials for the Earnings Presentation for the Fiscal Year Ending November 2025 (41st Term)
The distribution per unit for the fiscal year ending November 2025 is 3,389 yen (89 yen above forecast), achieving the 2027 target level of 3,300 yen ahead of schedule. The annual distribution is planned at 6,600 yen.
Key Figures
- Distribution per unit: 3,389 yen (FY ending November 2025 results, +89 yen vs forecast)
- Annual distribution: 6,600 yen (2026 forecast)
- Operating revenue: 6,504 million yen (FY ending November 2025 results, +86 million yen YoY)
AI要約
Overview of Performance
The distribution per unit for the fiscal year ending November 2025 was 3,389 yen, exceeding the forecast by 89 yen. Operating revenue was 6,504 million yen (+86 million yen YoY), and operating income was 2,766 million yen (-62 million yen YoY). Ordinary income and net income attributable to owners of parent decreased to 2,360 million yen and 2,358 million yen respectively, but occupancy rates remained at high levels with 99.2% for offices and 99.9% for commercial facilities. NAV per unit rose 1.8% YoY to 188,053 yen.
Outlook and Growth Strategy
For 2026, an annual distribution of 6,600 yen is planned, achieving the 2027 target distribution of 3,300 yen ahead of schedule. Sustainable growth will be pursued through portfolio turnover to enhance profitability, rent increases, and strengthening sponsor partnerships. External growth strategies include acquisition and disposition of multiple properties, while internal growth will focus on rent upside potential and improving occupancy rates. The financial strategy will utilize diverse funding methods to ensure stable distribution growth and scale expansion.
