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

Overview of Business Performance

For the fiscal year ending February 2026 (20th term), operating revenue was 12,471 million yen, operating income was 6,914 million yen, ordinary income was 6,021 million yen, and net income attributable to owners of parent was 6,020 million yen, all showing declines compared to the previous year. Distribution per unit was 3,467 yen, including an excess distribution of 258 yen. Total assets amounted to 385.3 billion yen, and the equity ratio stood at 52.9%, indicating a stable financial position. The portfolio occupancy rate remained high at 98.6%.

Asset Management and Financial Strategy

The portfolio consists of 22 properties with 172 tenants, achieving diversified risk. Interest-bearing debt balance at the end of February 2026 was 171.02 billion yen, with a Loan-to-Value (LTV) ratio of 44.4%. In February 2026, refinancing of 175.8 billion yen was conducted. Going forward, external growth will be driven by leveraging property information from the LaSalle Group, combined with internal growth through active asset management. There are plans to diversify funding sources and stagger debt maturities. Operating revenue is forecasted at 12,986 million yen and 11,076 million yen for the periods ending August 2026 and February 2027, respectively.