January 2026 Term Financial Summary (REIT)

Summary of Performance

In the January 2026 term (31st period), COMFORIA RESIDENTIAL REIT, Inc. recorded operating revenue of 12,319 million yen (0.9% increase YoY), operating income of 5,959 million yen (3.5% increase YoY), ordinary income of 4,978 million yen (2.4% increase YoY), and net income attributable to owners of parent of 4,969 million yen (2.4% increase YoY). Dividends per unit increased to 6,115 yen from 5,957 yen in the previous term, with a payout ratio of 95.6%. Total assets were approximately 356.9 billion yen, remaining nearly flat, and the equity ratio was 45.2%, maintaining a stable financial base.

Asset Management and Unit Split

The REIT holds 175 properties with an aggregate acquisition price of 340,147 million yen. On February 1, 2026, a unit split converted 1 unit into 3 units, increasing the number of issued investment units from 777,265 units to 2,331,795 units. The split aimed to improve the investment environment and enhance liquidity by lowering the investment unit size following the introduction of the new Nippon Individual Savings Account (NISA). The asset management company leverages support from the Tokyu Land Corporation Holdings Group to acquire high-quality properties and improve operational efficiency.

Outlook and Financial Strategy

For the July 2026 term and January 2027 term forecasts, operating revenue is expected to be around 12,700 million yen and net income attributable to owners of parent around 5,100 million yen. Dividends per unit are planned at approximately 2,100 yen. The financial strategy includes responding to interest rate rise risks and refinancing risks, while maintaining LTV at around a 60% ceiling, continuing flexible and stable capital procurement.