Financial Summary for the Fiscal Year Ending February 2026 (REIT)

Summary of Financial Results

For the fiscal year ending February 2026, Mitsui Fudosan Accommodation Fund Inc. recorded operating revenue of ¥13,727 million (YoY +4.0%), operating income of ¥6,893 million (YoY +8.7%), ordinary income of ¥6,353 million (YoY +8.6%), and net income attributable to owners of parent of ¥6,353 million (YoY +8.6%). Distribution per unit was ¥2,405, an increase of 3.5% YoY. Total distributions amounted to ¥6,054 million, with ¥299 million of undistributed profit carried over internally. Total assets stood at ¥330,623 million, net assets at ¥152,868 million, and the equity ratio was 46.2%.

Portfolio Status and Outlook

At the end of the period, the portfolio consisted of 141 properties with a total acquisition price of ¥349.6 billion, mainly rental housing and hospitality facilities centered in the Tokyo metropolitan area. Occupancy rate remained high at 97.8%, with rental rates increasing 15.6% upon tenant turnover. In December 2025, two properties were acquired and one was sold. Going forward, the Fund aims to build a high-quality portfolio leveraging collaboration with the Mitsui Fudosan Group. Operating revenue for the August 2026 and February 2027 periods is forecasted at ¥14,593 million and ¥13,787 million respectively, with a decrease expected in the February 2027 period compared to the previous year. Financially, refinancing is being progressed primarily through long-term fixed-rate borrowings, targeting an LTV ceiling of 55%.