Financial Summary for February 2026 Term (REIT)

Summary of Financial Results

For the February 2026 term, Mitsubishi Estate Logistics REIT, Inc. recorded operating revenue of JPY 8,153 million (1.4% YoY increase), operating income of JPY 4,317 million (2.4% YoY increase), ordinary income of JPY 3,861 million (1.4% YoY increase), and net income attributable to owners of parent of JPY 3,860 million (1.4% YoY increase). Distribution per unit was JPY 2,835, higher than the previous term. The portfolio remained stable at 37 properties (total acquisition price JPY 280,623 million), with an LTV of 42.6%, signifying a sound financial position. The portfolio occupancy rate was maintained at a high level of 99.9%, confirming a stable revenue base.

Outlook and Capital Policy

The outlook for the August 2026 and February 2027 terms projects operating revenue of JPY 8,718 million (6.9% YoY increase) and JPY 8,004 million (8.2% YoY decrease) respectively, with distribution per unit expected to be JPY 2,829 and JPY 2,458. Plans include asset replacement through asset sales and additional acquisition of anonymous partnership interests. Financial strategy will continue focusing on stable, long-term operations and LTV control. Sustainability initiatives are emphasized, targeting net-zero emissions by 2050 and promoting investments in environmentally friendly logistics facilities.