One REIT, Inc.
Supplementary Explanation Material Regarding “Notice on Revision of Operational Status and Dividend Forecast for the Fiscal Period Ending August 2026 (26th Period) and Operational Status and Dividend Forecast for the Fiscal Period Ending February 2027 (27th Period)”
The dividend forecast for the fiscal period ending August 2026 (26th period) was revised to ¥2,170, with the same amount forecasted for the fiscal period ending February 2027 (27th period). While considering dilution effects, stable DPU growth is targeted through acquisition of growth assets.
Key Figures
- DPU (Dividend) Forecast: ¥2,170 (Fiscal Period Ending August 2026 and February 2027)
- NOI of Assets Scheduled for Acquisition: ¥372 million (Fiscal 2026/8), ¥830 million (Fiscal 2028/8), ¥917 million (Fiscal 2030/8)
- Dilution Impact on EPU from Current Offering: △¥297 per unit (Fiscal 2026/8)
AI要約
Overview of Revision to Operational Status and Dividend Forecast
The DPU (dividend) for the fiscal period ending August 2026 (26th period) has been revised from the previous forecast of ¥2,255 to ¥2,170. This revision reflects the dilution impact on EPU, excluding capital gains from the current offering (△¥297 per unit). On the other hand, the amortized NOI of assets scheduled for acquisition is expected to grow over the medium to long term, with an anticipated increase of +¥448 per unit by year 3 and +¥527 per unit by year 5. This aims to achieve stable DPU growth by combining internal and external growth.
Growth Strategy and Future Outlook
We aim to realize our medium-term growth strategy by combining external growth through acquisition of growth assets such as hotels, with internal growth driven by rent increases in office buildings and improved hotel profitability. While considering dilution from growth asset acquisitions, we plan to stabilize and grow DPU incorporating capital gains and retained earnings, targeting a maintenance level no lower than ¥2,170 with upside potential.
