Financial Highlights
（As of March 31, 2026）
Property Data DownloadXLS（980KB）
(JPY million)
| Mar. 2024 | Sep. 2024 | Mar. 2025 | Sep. 2025 | Mar. 2026 | |
|---|---|---|---|---|---|
| Operating Revenues | 41,414 | 42,581 | 42,908 | 41,093 | 42,443 |
| Dividend per Unit (Note 1) | JPY 2,443 | JPY 2,469 | JPY 2,487 | JPY 2,511 | JPY 2,536 |
| Profit | 18,636 | 18,840 | 18,863 | 17,805 | 18,605 |
| Property-related Revenues | 34,951 | 35,881 | 36,344 | 37,197 | 36,817 |
| Property-related Expenses | 18,605 | 19,382 | 19,471 | 19,497 | 19,317 |
| Property-related Profits and Losses | 16,346 | 16,498 | 16,873 | 17,699 | 17,499 |
| Ordinary Income | 19,311 | 19,523 | 19,657 | 17,784 | 18,926 |
| NOI (Note 2) | 22,629 | 22,640 | 22,976 | 23,895 | 23,808 |
| FFO (Note 3) | 18,457 | 18,281 | 18,403 | 20,105 | 19,288 |
| Units Outstanding (Note 1) | 7,114,320 units | 7,114,320 units | 7,114,320 units | 7,114,320 units | 7,114,320 units |
| Profit / Operating Revenues | 45.0% | 44.2% | 44.0% | 43.3% | 43.8% |
| Operating Income / Operating Revenues | 49.1% | 48.5% | 48.5% | 47.0% | 48.5% |
| Property-related Profits and Losses / Property-related Revenues | 46.8% | 46.0% | 46.4% | 47.6% | 47.5% |
| Total Assets (Note 4) | 1,090,912 | 1,069,551 | 1,090,587 | 1,076,614 | 1,122,234 |
| Net Assets | 539,965 | 541,423 | 542,716 | 542,828 | 543,570 |
| Net Assets per Unit (Note 1) | JPY 75,898 | JPY 76,103 | JPY 76,285 | JPY 76,300 | JPY 76,405 |
| Interest-bearing Debt | 480,193 | 457,893 | 474,693 | 461,193 | 503,193 |
| LTV (Note 5) | 44.0% | 42.8% | 43.5% | 42.8% | 44.8% |
| Unit Price at Period-end (Note 1) | JPY 107,600 | JPY 114,200 | JPY 107,300 | JPY 124,500 | JPY 116,500 |
| ROA (Note 6) (Annualized) |
1.8 (3.6) |
1.8 (3.6) |
1.8 (3.7) |
1.6 (3.3) |
1.7 (3.5) |
| ROE (Note 7) (Annualized) |
3.5 (6.9) |
3.5 (6.9) |
3.5 (7.0) |
3.3 (6.5) |
3.4 (6.9) |
| (Note 1) | JRE implemented a 2‐for‐1 split of each investment unit as of 1 January 2014 and a 5‐for‐1 split of each investment unit as of 1 January 2025. The figures for Mar. 2002 through Sep. 2024 periods have taken the above‐mentioned splits into account. |
|---|---|
| (Note 2) | NOI = Property-related Revenues - Property-related Expenses + Depreciation |
| (Note 3) | FFO = Profit + Depreciation - Gain (Loss) on Transfer of Properties - Dividends Earned on the preferred capital contribution - Gain on transfer of development rights of floor area - Compensation for the property transfer |
| (Note 4) | “Partial Amendments to Accounting Standard for Tax Effect Accounting” (ASBJ Statement No. 28 on 16 February 2018) has been applied from the beginning of the Sep. 2018 period. Total assets as of 31 March 2018 were JPY 935,560 million if this change applies retroactively. |
| (Note 5) | LTV = Interest-bearing Debt / Total Assets |
| (Note 6) | ROA= Ordinary Income / Average of Total Assets during the period Average of total assets during the period is calculated as the average value of total assets at the beginning and end of the period. |
| (Note 7) | ROE= Profit / Average of Net Assets during the period Average of net assets during the period is calculated as the average value of net assets at the beginning and end of the period. However, if the new units are issued during the period, the average is calculated taking into account the number of operating days during the period. |
