Financial Summary for the Fiscal Year Ending February 2026 (REIT)

Overview of Performance

For the fiscal year ending February 2026 (21st term), operating revenue was JPY 41,186 million (YoY -5.8%), operating income was JPY 15,858 million (-14.6%), ordinary income was JPY 13,355 million (-17.0%), and net income attributable to owners of parent was JPY 13,355 million (-17.1%). Dividends per unit (including excess profit distribution) are planned at JPY 3,634, with total dividends amounting to JPY 16,884 million. The portfolio is highly diversified with 285 properties mainly in the Tokyo metropolitan area and a total acquisition price of JPY 1,099,557 million. Occupancy rate remains high at 98.9%.

Future Outlook and Asset Management

The forecast for the management status in August 2026 and February 2027 expects operating revenue of JPY 43,116 million (+4.7%), operating income of JPY 17,904 million (+12.9%), and net income attributable to owners of parent of JPY 15,052 million (+12.7%). Dividends are planned at JPY 3,695 and JPY 3,719 per unit, respectively. Asset sales and acquisitions are being conducted to improve portfolio quality through asset replacement. Refinancing of interest-bearing debt has been completed with a loan-to-value ratio (LTV) of 44.3%. The company is actively addressing ESG challenges, achieving a green certification acquisition rate of 65.8%.