Fukuoka REIT Corporation

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Dividends

01. Dividends

44th Fiscal Period (March 1, 2026 - August 31, 2026) Actual
Dividend per unit 4,075 yen

Only unitholders on the register as of the end of August 2026 are eligible to receive the dividend for the 44th fiscal period. The final trading day with rights at the Tokyo Stock Exchange and Fukuoka Stock Exchange is August 27, 2026.

45th Fiscal Period (September 1, 2026 - February 28, 2027) Forecast
Dividend per unit 4,040 yen
46th Fiscal Period (March 1, 2027 - August 31, 2027) Forecast
Dividend per unit 4,050 yen

The figures above are the dividend forecasts and results of Fukuoka REIT Corporation. The dividend forecasts are calculated under the definite presumption. The actual dividend could be changed under the variation of economic condition. In addition, these forecasts are not guaranteed the price of dividend.

Dividend track record

(yen)
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02. Financial Highlights

(mm yen)
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  40th 41st 42nd 43rd 44th
Operating revenues 9,652 10,400 10,792 10,822 10,898
Leasing NOI (Note 1) 5,800 5,770 6,145 6,367 6,384
Depreciation and amortization expenses 1,611 1,595 1,686 1,724 1,768
Operating income 3,664 4,408 4,526 4,487 4,463
Ordinary income 3,225 3,967 4,056 4,006 3,932
Profit 3,223 3,966 4,055 4,005 3,931
Dividend per unit (yen) 3,850 4,096 4,203 4,151 4,075
Dividend yield (at period-end) (％) (Note 2) 5.1 5.7 4.5 4.5 4.6
Total number of investment units outstanding (at period-end)(Note 3) 796,000 872,000 868,820 868,820 868,820
Total assets (at period-end) 215,083 226,966 226,809 227,423 227,404
Net assets (at period-end) 102,161 113,389 113,373 113,727 114,052
Net assets per unit (at period-end) (yen) 128,344 130,034 130,491 130,898 131,273
Market net assets value per unit (Note 4) 194,842 194,747 195,977 200,451 201,704
Ratio of interest-bearing debt (%) 44.8 42.5 42.5 42.4 42.4
FFO per unit (yen) (Note 5) 5,828 5,242 5,601 5,860 5,819
Days in fiscal period(days) 184 181 184 181 184
Number of investment properties (at period-end) 35 35 37 37 37
Number of tenants (at period-end) (Note 6) 1,043 1,047 1,095 1,077 1,085
Total leasable floor space (m2)(Note 7) 590,145.62 582,606.85 622,652.88 621,813.29 620,894.38
Occupancy rate (at period-end) (%) 98.9 99.2 99.6 98.5 99.4
  • "Leasing NOI" is calculated using "Leasing business revenues - Expenses related to leasing business + Depreciation and amortization expenses".
  • (Dividend / Days in fiscal period × 365) / Unit price (at end of each fiscal period)
  • The number of investment units for the fiscal period ending August 31, 2026 is 868,820 units.
  • Market net asset value per unit= {Total net assets + Unrealized gains - Total amount of dividends} / Total number of investment units outstanding
  • The FFO per unit is calculated by the following method.
    FFO per unit = (Profit + Loss on sale of real estate-Gain on sale of real estate + Depreciation) / Total number of investment units outstanding
  • "Number of tenants" is based on the total number of sections stipulated in the tenancy agreements for retail and office buildings among relevant properties. For the number of tenants in pass-through master leasing properties, the number of sections stipulated in the tenancy agreements with end tenants is shown.
  • "Total leasable floor space" indicates the figure for properties owned at end of period.

03. LTV track record

(%)
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  40th 41st 42nd 43rd 44th
Total debt （mm yen） 96,350 96,350 96,350 96,350 96,350
Total assets （mm yen） 215,083 226,966 226,809 227,423 227,404
Period-end appraisal value（mm yen） 259,054 260,974 275,745 278,298 279,323
Period-end book value（mm yen） 203,056 200,971 215,198 214,263 214,591
Unrealized gain （mm yen） 55,998 60,002 60,547 64,035 64,732
LTV（％） 44.8 42.5 42.5 42.4 42.4

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