Tokaido REIT, Inc.
Tokaido REIT Investment Corporation (2989) July 2026 Financial Results Summary
The fiscal period ended July 2026 shows operating revenue of 2,731 million yen, operating income of 1,526 million yen, ordinary income of 1,123 million yen, and net income attributable to owners of the parent of 1,122 million yen. The distribution per unit is 2,909 yen (income distribution) + 321 yen (excess income distribution) = 3,230 yen per unit, with a distribution payout ratio of about 100%. Ending assets are 82,037 million yen, equity ratio 49.5%, LTV 47.9% (outstanding borrowings around 33,256 million yen), and future financing is flexible including new investment units. The portfolio comprises 34 properties, occupancy rate 98.2%, total leased area 422,376 sqm.
Key Figures
- Operating revenue: 2,731百万円
- Net income: 1,122百万円
- Total distributions: 3,230百万円
- Issued investment units: 385,921口
- Total assets: 82,037百万円
- LTV: 47.9%
- Equity ratio: 49.5%
AI要約
Performance overview
This period's results show revenue of 2,731 million yen, operating income of 1,526 million yen, ordinary income of 1,123 million yen, and net income of 1,122 million yen, marking a solid performance. The total distributions per unit amount to 3,230 yen, comprising 2,909 yen of income distribution and 321 yen of excess distribution, with a payout ratio of 100% assumed. The number of issued investment units increased to 385,921 through a public offering, total assets stand at 82,037 million yen, equity ratio at 49.5%, and LTV at 47.9%, reflecting a stable financial position.
Outlook and capital policy
For the next period, the plan is to continue expanding asset size through external and internal growth. We will pursue debt repayment and adjust fixed-rate share of borrowings in response to interest rate trends to maintain long-term capital policy soundness. With capital raising including new investment unit issuance, we will maintain LTV levels and financial stability, continuing with the current distribution policy.
Tokaido REIT Investment Corporation
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