Fiscal Year Ending February 2026 Financial Summary (REIT)

Overview of Performance

In the fiscal year ending February 2026, Mori Trust S REIT, Inc. recorded operating revenue of 11,584 million JPY, operating income of 7,421 million JPY, ordinary income of 6,547 million JPY, and net income attributable to owners of parent of 6,537 million JPY. All key indicators saw slight decreases compared to the same period last year. Distribution per unit was 1,837 JPY, a slight decrease from 1,854 JPY in the previous year. Total assets stood at 471,002 million JPY, while the equity ratio remained solid at 49.8%, maintaining a stable financial foundation.

Portfolio and Operational Status

As of the end of the period, the REIT owned 20 properties, maintaining a high occupancy rate of 99.6% for its real estate assets. The portfolio primarily consists of office buildings and accommodations, with diversified investments centered in the Tokyo metropolitan area. The hotel business is working to improve revenue supported by the recovery in inbound demand. Financing initiatives include borrowings such as green loans to enhance financial stability. For the fiscal year ending August 2026 and February 2027, operating revenue is forecasted at approximately 11,780 million JPY and net income around 6,453 million JPY.

ESG and Sustainability Initiatives

To reduce environmental impact, energy-saving equipment installations and LED conversions have been promoted, with environmental certifications obtained for 19 properties. On the social front, efforts focus on improving tenant satisfaction and contributing to local communities. Governance measures include strengthening conflict of interest prevention and risk management systems. The REIT has earned the 'Green Star' rating for nine consecutive years in the GRESB assessment, and its ESG disclosures are highly regarded.