Japan Prime Realty Investment Corporation
Financial Summary for the Fiscal Year Ending December 2025 (REIT)
Operating revenue for the fiscal year ending December 2025 was JPY 20,346 million (2.2% decrease YoY), net income attributable to owners of parent was JPY 9,446 million (8.5% decrease YoY), and dividends were JPY 2,111 per unit. The number of issued investment units was 4,048,256 units, and the scheduled dividend payment start date is March 10, 2026.
Key Figures
- Operating Revenue: JPY 20,346 million (2.2% decrease YoY)
- Net Income Attributable to Owners of Parent: JPY 9,446 million (8.5% decrease YoY)
- Dividend per Unit: JPY 2,111
- Number of Issued Investment Units: 4,048,256 units
- Occupancy Rate: 99.2%
AI要約
Overview of Financial Performance
For the fiscal year ending December 2025, operating revenue was JPY 20,346 million (2.2% decrease YoY), operating income was JPY 10,547 million (6.3% decrease YoY), ordinary income and net income attributable to owners of parent were both JPY 9,446 million (8.5% decrease YoY). Dividends were JPY 2,111 per unit, with 90.4% of distributable income paid out as dividend payout ratio. The number of issued investment units increased to 4,048,256 units, and equity ratio stood at 50.7%, maintaining a stable financial base.
Asset Management and Portfolio Status
During the period, the Housing Design Center Kobe was sold, and four properties were acquired: Grand Front Osaka (Umekita Plaza South Building and North Building), FUNDES Kamata, and Hotel Gracery Asakusa. At the end of the period, the portfolio comprised 67 properties valued at JPY 556.8 billion (acquisition price basis), with a total leasable area of 488,718 square meters, 1,263 tenants, and an occupancy rate maintained at a high level of 99.2%. The office rental market remains steady with rent growth trends, and efforts for environmental considerations continue.
Financial Position and Fundraising
At the end of the period, borrowings totaled JPY 216.1 billion, investment corporation bonds totaled JPY 27.9 billion, and interest-bearing liabilities amounted to JPY 244.0 billion, with an LTV of 43.4%. The ratio of long-term fixed interest rates was 86.7%, average debt cost was 0.92%, and average maturity was 4.4 years. Fundraising focused on extending debt maturity and diversifying repayment dates, securing funds for new acquisitions through an additional issuance of 10.4 billion yen of investment units.
Outlook
Operating revenues for the fiscal periods ending June 2026 and December 2026 are projected to be JPY 20,746 million and JPY 19,382 million respectively, with dividends planned at JPY 2,139 and JPY 2,120 per unit. The corporation will continue to enhance portfolio quality and stabilize earnings, focusing mainly on offices in the Tokyo area through selective investments. Attention will be paid to market fluctuations, strengthening strategic leasing activities and environmental initiatives to ensure stable income.
