For the 44th period (fiscal year ending August 2026), NOI reached a record high, distribution forecast is 4,075 yen per unit, DPU\/EPU are expected to grow, and both internal and external growth strategies are being strengthened. Rents increased and occupancy was maintained at major properties including Canal City Hakata; LTV was 42.4%, maintaining financial soundness. Forecasts for the 45th and 46th periods include upward revisions to distributions with targets of 4,050 yen and 4,050\u20134,240 yen. Going forward, the REIT will pursue external growth through property replacement and SPC investments, and stabilize finances using green finance.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"price_fetched_at":"","company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"8968","jir_company_name":"Fukuoka REIT Corporation","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-10-20","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/10\/8968-20261020-03.pdf","jir_short_summary":"For the 44th period (fiscal year ending August 2026), NOI reached a record high, distribution forecast is 4,075 yen per unit, DPU\/EPU are expected to grow, and both internal and external growth strategies are being strengthened. Rents increased and occupancy was maintained at major properties including Canal City Hakata; LTV was 42.4%, maintaining financial soundness. Forecasts for the 45th and 46th periods include upward revisions to distributions with targets of 4,050 yen and 4,050\u20134,240 yen. Going forward, the REIT will pursue external growth through property replacement and SPC investments, and stabilize finances using green finance.","jir_summary":"### Performance Overview\nFukuoka REIT Corporation recorded a record high NOI in the 44th period (fiscal year ending August 2026), promoting internal growth through rent revisions and property replacement. Distribution per unit was 4,075 yen, flat year-over-year, and the distribution forecast is 4,040 yen, aiming to stabilize the financial base through both external and internal growth. LTV remained low at 42.4%, securing a capital structure resilient to future interest rate increases. Differences between actuals and forecasts may vary depending on condominium sale and disposal gains, but overall stable operations are being maintained.\n\n### Outlook and Capital Policy\nEarnings forecasts for the 45th and 46th periods have been revised upward from a 4,000 yen baseline to 4,040 yen and 4,050 yen respectively. For external growth, the REIT will promote portfolio quality improvement through property replacement (Kumamoto East Front Building, LogiCity Koga, Trias, etc.) and SPC investments. On the financial side, the REIT will continue to control funding costs through refinancings, maintaining a fixed-rate ratio around 83% and an average remaining term of about 3.7 years. By utilizing green finance, the REIT aims to reduce interest-rate sensitivity and stabilize distributable income.","jir_financial_highlights":"NOI: 6,384 million yen (44th period actual)\nDistribution per unit: 4,075 yen (44th period actual)\nDistribution forecast: 4,040 yen (Previous forecast +40 yen)\nLTV: 42.4% (Almost flat YoY)\nUnit price: 176,000 yen (YoY -5.4%)","jir_category":"","jir_hashtags":"#FukuokaREITCorporation, #Earnings, #InternalGrowth, #ExternalGrowth, #GreenFinance","jir_key_figures":"NOI: 6,384 million yen (44th period actual)\nDistribution per unit: 4,075 yen (44th period actual)\n44th period actual distribution: 4,075 yen\/unit\nUnit price: 176,000 yen\nLTV: 42.4%","jir_meta_title":"Fukuoka REIT Corporation 44th Period Financial Summary and Outlook | Fiscal Year Ending August 2026","jir_meta_description":"Summary of Fukuoka REIT Corporation's 44th period results: record-high NOI, distribution per unit 4,075 yen, distribution forecast 4,040 yen, LTV 42.4%, and an explanation of sustainable growth strategy and capital policy.","jir_og_title":"Fukuoka REIT Corporation 44th Period Financial Summary and Outlook","jir_og_description":"Record-high NOI, distribution of 4,075 yen\/unit, LTV 42.4%. Growth strategy combining external and internal initiatives. Explanation of forecasts for the 45th and 46th periods and capital policy.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":9154,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"financial_summary","footnotes":""},"sector":[],"importance":[],"class_list":["post-132878","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n