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

Overview of Performance

In the fiscal year ending February 2026, MIRARTH REIT recorded operating revenue of JPY 5,562 million (YoY △0.6%), operating income of JPY 3,321 million (YoY △3.4%), ordinary income of JPY 2,622 million (YoY △5.7%), and net income attributable to owners of parent of JPY 2,593 million (YoY △3.8%). The distribution per unit was maintained at JPY 2,800, unchanged from JPY 2,780 in the previous period. Asset management focused on maintaining high occupancy rates, actively pursuing leasing activities, increasing rental income, and reducing costs. Borrowings stood at JPY 95,945 million, with an LTV of 49.9%.

Capital Policy and Outlook

In March 2026, 97,541 new investment units were publicly offered, and 4,877 units were issued by third-party allotment, raising the total outstanding investment units to 1,013,238. The procured funds were principally allocated to acquiring domestic real estate trust beneficiary rights and repaying borrowings. The operational forecast for the periods ending August 2026 and February 2027 anticipates operating revenues of JPY 5,706 million and JPY 5,753 million, respectively, with distribution per unit forecasted at JPY 2,700. The management strategy focuses on achieving external growth, improving portfolio quality, solidifying internal growth, and advancing financial strategy.