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Operating revenue was 11,830 million yen, and NOI\/ordinary income\/net income exceeded forecasts. The report notes progress in both ongoing internal growth and external growth strategies. In the medium term, rent growth and dividend growth are expected. With rising interest rates, borrowing has been diversified and shortened in tenor, maintaining sound financial condition.","jir_summary":"### Overview of Results\nFor this fiscal period (49th period), operating revenue was 11,830 million yen and distribution per unit was maintained at a high level of 1,850 yen. Due to increased variable hotel rents and other factors, net income exceeded forecasts, and NOI and ordinary income improved. To mitigate rising capital costs, we utilized short-term borrowings and diversified borrowing maturities. As part of pursuing internal growth, we continue office rent revisions and promote rent growth for hotels.\n\n### Outlook and External Growth\nIn the medium term, rent growth and distribution growth are expected, and earnings forecasts for the periods ending February 2027 and August 2027 have been released. Assuming office rent increases and recovery in occupancy, we will continue portfolio expansion as external growth, including additional acquisitions in Sendai. Rent increases from new contracts at the Sunroute Plaza Shinjuku are also anticipated, and distribution per unit is expected to remain at a high level.","jir_financial_highlights":"Operating Revenue: 11,830 million yen (YoY \/ vs. Forecast +50 million yen)\nNet Income Attributable to Owners of Parent: 6,580 million yen (vs. Forecast +127 million yen)\nDistribution per Unit: 1,850 yen (YoY +36 yen)","jir_category":"","jir_hashtags":"#MORI_TRUST_REIT, #Earnings, #InternalGrowth, #ExternalGrowth","jir_key_figures":"Operating Revenue: 11,830 million yen\nDistribution per Unit: 1,850 yen\nTotal Issued Investment Units: 3,560,000 units","jir_meta_title":"MORI TRUST REIT, Inc. Earnings Summary | Fiscal Period Ended August 2026 (49th Period)","jir_meta_description":"Earnings summary for MORI TRUST REIT, Inc. for the fiscal period ended August 2026. 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