Nippon Prologis REIT, Inc.
The 26th Fiscal Period (November 2025) Financial Presentation Materials
In the 26th fiscal period (November 2025), achieved a distributable income per unit of ¥1,920 (1.1% above forecast), NOI of ¥24,590 million (0.5% above forecast), average occupancy rate during the period at 98.6%, and average rental rate revision at +3.8%.
Key Figures
- Distributable Income per Unit: ¥1,920 (vs. Forecast +1.1%)
- NOI: ¥24,590 million (vs. Forecast +0.5%)
- Average Occupancy Rate During Period: 98.6%
AI要約
Performance Overview
In the 26th fiscal period (November 2025), maintained a high occupancy rate of 98.6% with steady rental growth. Distributable income per unit was ¥1,920, a 1.1% increase from forecast, and NOI was ¥24,590 million, a 0.5% increase from forecast. Appraised LTV stood at 28.7%, and market capitalization was ¥789.4 billion. A high proportion of leased area with lease contracts expiring is covered by long-term agreements, securing a stable revenue base.
Growth Strategy and Capital Policy
Focused on internal growth by maintaining a high occupancy rate above 98% and pursuing rental increases, accelerating the introduction of CPI-linked clauses. In capital policy, continued appropriate acquisition of treasury shares to optimize payout ratio and control debt costs. External growth involves continuing the distribution of gains over five terms through asset replacement, aiming to build a resilient portfolio. Several areas confirmed rental increases, indicating sustainable growth prospects.
