January 2026 Financial Summary (REIT)

Overview of Performance

In the January 2026 period, Advance Residence Investment Corporation recorded operating revenue of 20,653 million yen, operating income of 10,256 million yen, ordinary income of 9,219 million yen, and net income attributable to owners of parent of 9,219 million yen, all showing slight increases compared to the previous period. Distribution per unit was 3,220 yen, up 28 yen year-on-year. The portfolio consisted of 287 properties, with total assets (based on acquisition price) amounting to 500.1 billion yen, maintaining one of the largest scales among residential-specialized J-REITs. Occupancy rate remained high at 95.7%, supported by increased rental income and contributions from newly acquired properties.

Outlook and Financial Strategy

Operating revenue for the July 2026 and January 2027 periods are forecasted to decrease to 20,262 million yen and 19,686 million yen, respectively, with net income attributable to owners of parent also expected to decline to 8,409 million yen and 7,673 million yen. Distribution per unit is projected to decrease to 3,162 yen and 3,090 yen, respectively; however, stable dividends will be targeted through the use of reversal of temporary difference reserves and internal reserves as sources for distribution payments. Financially, stable borrowing is maintained with an average interest rate of 0.78% and average maturity of 4.3 years, while hedging interest rate rise risks and promoting the establishment of a solid financial base.