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Earnings forecasts for February 2027 and August 2027 project operating revenue of 5,972 million yen and 5,935 million yen, respectively, with total distributions expected to remain stable. ESG ratings also improved.","jir_summary":"### Overview of Results\nIn the 2026 August fiscal year (17th term), the company raised 8.2 billion yen through a public offering, an additional 410 million yen via third-party allotment for overallotment, and 13.3 billion yen in bank loans to acquire eight properties totaling 22.1 billion yen. In July, borrowings were refinanced into green loans. The portfolio is a diversified, primarily residential portfolio, maintaining a high occupancy rate. The leasing business accelerated internal growth through rent revisions and renewals. ESG evaluations continued to improve in assessments such as GRESB and CDP.\n\n### Financial Outlook and Impact for Investors\nEarnings forecasts for February 2027 and August 2027 project operating revenue of 5,972 million yen and 5,935 million yen, respectively, with DPU and related indicators expected to be maintained or show slight increases. The company aims for stable distributions by utilizing retained earnings. Through public offerings and debt refinancing as part of capital policy, the financing base has been strengthened. The portfolio is positioned to seek upside through acquisition of younger assets and rent revision initiatives.","jir_financial_highlights":"Operating Revenue: 5,845 (YoY change +283)\nNet Income: 2,587 (YoY change -2,? (Note: check breakdown in materials))\nTotal Distributions: 2,735 (YoY +49)","jir_category":"","jir_hashtags":"#MIRARTHRealEstateInvestmentCorporation, #Earnings, #InternalGrowth, #ESG, #Portfolio, #CapitalPolicy","jir_key_figures":"Number of properties acquired: 8 cases (acquisitions associated with the public offering)\nPost-conversion DPU: 2,735 yen (actual)\nProjected Operating Revenue: 5,972 million yen (February 2027)","jir_meta_title":"MIRARTH Real Estate Investment Corporation Earnings Presentation Materials | FY2026 (Aug) & 2027 Forecasts","jir_meta_description":"Summary of MIRARTH Real Estate Investment Corporation's FY2026 (August) results and earnings forecasts for February and August 2027, covering capital raised via public offering, property acquisitions, internal growth from rent revisions, and ESG rating trends.","jir_og_title":"MIRARTH Real Estate Investment Corporation: Earnings Overview and Outlook","jir_og_description":"Discussion of capital raised through a public offering and property acquisitions, promotion of internal growth, 2027 earnings forecasts and distribution policy direction, and improving ESG evaluations.","jir_og_image_url":"\/assets\/og\/company-financial_summary.jpg","jir_chart_data_collection":"[{\"jir_chart_id\": \"revenue_trend\", \"jir_chart_type\": \"line\", \"jir_chart_title\": \"Revenue Trend\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"line\\\",\\\"data\\\":{\\\"labels\\\":[\\\"2025-08\\\",\\\"2026-02\\\",\\\"2026-08\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Operating Revenue\\\",\\\"data\\\":[562,573,5845]}]},\\\"options\\\":{}}\"}, {\"jir_chart_id\": \"operating_profit_trend\", \"jir_chart_type\": \"line\", \"jir_chart_title\": \"Operating Profit Trend\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"line\\\",\\\"data\\\":{\\\"labels\\\":[\\\"2025-08\\\",\\\"2026-02\\\",\\\"2026-08\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Operating Profit\\\",\\\"data\\\":[? , ?, 2587]}]},\\\"options\\\":{}}\"}]","ir_related_company":16748,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"financial_summary","footnotes":""},"sector":[],"importance":[],"class_list":["post-134005","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n