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Corporation","jir_importance":"\u2605\u2605\u2605\u2605\u2605","jir_publication_date":"2026-04-16","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/04\/8984-20260416-01.pdf","jir_short_summary":"For the fiscal year ending February 2026, operating revenue was 32,063 million JPY (YoY -6.5%), net income attributable to owners of parent was 12,213 million JPY (YoY -18.7%), and distribution per unit was 3,458 JPY.","jir_summary":"### Performance Overview\nFor the fiscal year ending February 2026, operating revenue was 32,063 million JPY (YoY -6.5%), operating income was 14,205 million JPY (YoY -16.3%), ordinary income was 12,216 million JPY (YoY -18.7%), and net income attributable to owners of parent was 12,213 million JPY (YoY -18.7%). Total distributions amounted to 15,698 million JPY, with a distribution per unit of 3,458 JPY (including excess profit distributions). The number of outstanding investment units increased to 4,539,845 units compared to the same period last year.\n\n### Portfolio and Asset Management Status\nAt the end of the term, the portfolio comprised 231 properties with asset scale of 915.4 billion JPY. The portfolio includes diversified assets such as logistics facilities, residential properties, commercial facilities, and hotels, maintaining high occupancy rates. In September 2025, one logistics facility was sold for 9.3 billion JPY; one hotel property was acquired in November 2025 for 10.1 billion JPY; and one residential property was acquired in February 2026 for 2.6 billion JPY. The LTV stands at 43.5%, ensuring financial stability.\n\n### ESG and Sustainability Initiatives\nBased on the Daiwa House Group\u2019s fundamental stance, asset management is conducted with attention to Environmental, Social, and Governance (ESG) factors. Climate change initiatives include setting GHG emission reduction targets and disclosing information in accordance with TCFD recommendations. The Corporation has achieved the highest \"A\" rating for five consecutive years in the CDP Climate Change Program and received the GRESB \"4-Star\" rating. Additionally, it has been certified as a Health & Productivity Management Organization 2026 (Small and Medium Enterprise category) for four consecutive years, strengthening its human capital management.\n\n### Outlook\nFor the fiscal years ending August 2026 and February 2027, operating revenue and net income are projected at approximately 30.3 billion JPY and 11.2 billion JPY respectively. Distributions are expected to be approximately 2,920 to 2,950 JPY per unit. An acquisition plan includes a hotel property in Kumamoto scheduled for December 2026. The Corporation will continue to monitor financial and economic conditions closely while aiming to enhance asset quality and secure stable earnings.","jir_financial_highlights":"Operating Revenue: 32,063 million JPY (YoY -6.5%)\nOperating Income: 14,205 million JPY (YoY -16.3%)\nOrdinary Income: 12,216 million JPY (YoY -18.7%)\nNet Income Attributable to Owners of Parent: 12,213 million JPY (YoY -18.7%)\nDistribution Per Unit (Including Excess Profit Distribution): 3,458 JPY (Decrease YoY (Previous term: 6,576 JPY))\nTotal Number of Outstanding Investment Units: 4,539,845 units (Increase YoY (Previous term: 2,295,239 units))\nTotal Assets: 937,407 million JPY (Decrease YoY (Previous term: 948,096 million JPY))\nNet Assets: 495,064 million JPY (Decrease YoY (Previous term: 504,944 million JPY))\nEquity Ratio: 52.8% (Decrease YoY (Previous term: 53.3%))\nLTV (Including Goodwill): 43.5% (Unknown)","jir_category":"","jir_hashtags":"#DaiwaHouseREITInvestmentCorporation, #FinancialSummary, #JREIT","jir_key_figures":"Operating Revenue: 32,063 million JPY (YoY -6.5%)\nNet Income Attributable to Owners of Parent: 12,213 million JPY (YoY -18.7%)\nTotal Number of Outstanding Investment Units: 4,539,845 units (Increase YoY)","jir_meta_title":"\u3010Daiwa House REIT Investment Corporation\u3011FY February 2026 Financial Results\uff5cOperating Revenue 32 Billion JPY (YoY -6.5%)","jir_meta_description":"Financial Summary for Daiwa House REIT Investment Corporation for the fiscal year ending February 2026. Reporting operating revenue of 32,063 million JPY, net income attributable to owners of parent of 12,213 million JPY, and distribution per unit of 3,458 JPY. Featuring diversified portfolio and ESG initiatives.","jir_og_title":"\u3010Daiwa House REIT Investment Corporation\u3011FY February 2026 Financial Results\uff5cOperating Revenue 32 Billion JPY (YoY -6.5%)","jir_og_description":"Financial Summary for Daiwa House REIT Investment Corporation for the fiscal year ending February 2026. 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