January 2026 Period Financial Summary (REIT)

Overview of Financial Results

For the January 2026 period, AEON REIT Investment Corporation recorded operating revenue of JPY 21,306 million (YoY △1.2%), operating income of JPY 7,978 million (YoY △2.6%), ordinary income of JPY 6,865 million (YoY △3.9%), and net income attributable to owners of parent of JPY 6,820 million (YoY △3.6%). Distribution per unit was JPY 3,400, including profit excess distribution of JPY 156. Total assets were JPY 449,972 million, with an improved equity ratio of 54.1% from the previous year, and LTV maintained at a sound level of 45.0%. Although special gains and losses related to disaster losses and insurance proceeds were recorded, the overall operational performance remained stable.

Outlook and Management Policy

Although the economies of Japan and Malaysia are expected to experience a gradual recovery trend, attention must be paid to sustained high construction costs, labor shortages, and uncertainties in the international situation. AEON REIT Investment Corporation secures fixed rental income based on a master lease agreement with the AEON Group, aiming for stable medium- to long-term income and maintaining and enhancing asset value. Financially, it plans to keep LTV around 50%, extend debt maturities, and fix interest rates to maintain a solid financial base. Capital expenditures are projected at JPY 3,461 million for the July 2026 period and JPY 2,982 million for the January 2027 period.