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In March 2026, acquisition of five hotel properties and one office property expanded the asset scale to over 150 billion yen.","jir_summary":"### Performance Overview\nOperating revenue for the February 2026 term was 4,690,444 thousand yen and net income was 1,922,064 thousand yen. While operating revenue slightly declined compared to the same period last year, net income exceeded forecasts. Distribution per unit was 2,386 yen, up 7.5% from the forecast, strengthening returns to investors. Increased rental income and gains from property sales contributed positively.\n\n### Asset Scale and Portfolio Expansion\nIn March 2026, five hotel properties and one office property were acquired, pushing the asset scale beyond 150 billion yen. The hotel portfolio aims to improve profitability through regional diversification and expanded inbound demand. Office buildings maintain rent increases and high occupancy rates to promote qualitative enhancements. The LTV remained stable at 48.5%.\n\n### Financial Condition and Fundraising\nLeveraging the strengths of financial sponsors, short-term maturities and variable interest rate borrowings are actively utilized. For the March 2026 property acquisitions, funds were raised via public offering of 12.9 billion yen and borrowings of 15 billion yen. Although the average interest rate rose to 1.067%, the fixed interest ratio is maintained at a high level of 80.5%. Maturity dates are also diversified.\n\n### Outlook\nThe earnings forecast for the August 2026 and February 2027 terms anticipates impacts from declines in gains on property sales and rental income decreases. However, contributions from newly acquired properties and the use of retained earnings are expected to result in a distribution per unit of 2,170 yen. Profit maximization will be pursued through hotel rebranding and investments targeting upside potential.","jir_financial_highlights":"Operating Revenue: 4,690,444 thousand yen (YoY \u25b3642 million yen, vs forecast +86 million yen)\nNet Income Attributable to Owners of Parent: 1,922,064 thousand yen (YoY \u25b3554 million yen, vs forecast +114 million yen)\nDistribution per Unit: 2,386 yen (vs forecast +166 yen (+7.5%))\nAsset Scale: 152.1 billion yen (Expanded by March 2026 property acquisitions)\nLTV: 48.5% (Almost flat)\nAverage Interest Rate: 1.067% (Upward trend)","jir_category":"","jir_hashtags":"#OneREITInvestmentCorporation, #FinancialPresentationMaterials, #J-REIT","jir_key_figures":"Operating Revenue: 4,690,444 thousand yen (February 2026 term actual)\nNet Income Attributable to Owners of Parent: 1,922,064 thousand yen (February 2026 term actual)\nDistribution per Unit: 2,386 yen (February 2026 term actual, +7.5% vs forecast)","jir_meta_title":"\u3010One REIT Investment Corporation\u3011 February 2026 Financial Results | Distribution per Unit 2,386 Yen, 7.5% Above Forecast","jir_meta_description":"Financial results for One REIT Investment Corporation for February 2026 term. Operating revenue 4.69 billion yen, net income 1.92 billion yen, and distribution per unit 2,386 yen, 7.5% higher than forecast. Acquisition of five hotels expands asset scale beyond 150 billion yen.","jir_og_title":"\u3010One REIT Investment Corporation\u3011 February 2026 Financial Results | Distribution per Unit 2,386 Yen, 7.5% Above Forecast","jir_og_description":"Distribution per unit increased by 7.5% above forecast in the February 2026 term. 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