The official title of this document is a long-form table of contents in Japanese and is not billed as a single specific title. Therefore, it is considered “Unknown”

Settlement Overview

This investment trust recognized a special loss due to earthquake damage in the 27th term (fiscal year ending 2026), but the EPU surpassed initial expectations, and distributions were maintained at 3,390 yen. NOI increased, while measures to curb rental business costs continued. The 28th and 29th term earnings guidance has been disclosed, prioritizing stable distributions and sound finances. Current topics include partial disposals of owned properties and renewal of overseas contracts, with ongoing rent growth through activation investments.

Outlook and Financial Strategy

In the medium term, the company positions itself as a period for rebuilding a sustainable growth base, addressing increases in repair costs and capital expenditures by directing funds according to property characteristics and revisiting contract structures. Building on a long-term, fixed financial base, the fixed-rate debt ratio will be maintained at a high level, and financing will be managed dynamically to mitigate interest rate risk. The strategy aims to balance financial stability and distributable income through utilization of cash on hand and treasury stock acquisitions.