Mitsui Fudosan Accommodations Fund, Inc. announces results for its 41st fiscal period, with an actual distribution of ¥2,445 per unit

Mitsui Fudosan Accommodation Fund Investment Corporation released its results for the 41st fiscal period (fiscal year ended August 2026). It acquired 4 new properties and sold 2 properties, including Dormy Nishi-Ogikubo. Rental income from the newly acquired properties, rent increases at existing properties and ¥888 million in gains on sales contributed to a 7.6% year-on-year increase in profit. Distributions at period-end were ¥2,445 per unit, up 1.7% year on year.

The portfolio comprised 143 properties at period-end, with total assets based on aggregate acquisition costs of ¥355.6 billion and an interest-bearing debt ratio of 51.7%. Internal reserves stood at ¥681 million, maintaining the fund's financial position for the current fiscal year.

For the 42nd fiscal period (fiscal year ending February 2027), the fund plans to acquire 2 properties, including Park Cube Omori Sanno. Rental income may increase, but gains on property sales are expected to disappear, resulting in a projected 12.2% year-on-year decline in profit. The fund plans to withdraw ¥173 million from internal reserves, with distributions expected to exceed the previous period at ¥2,453 per unit.

For the 43rd fiscal period (fiscal year ending August 2027), internal growth at existing properties is assumed, but profit is expected to decline 1.0% from the previous forecast due to higher rental business expenses and interest payments. The fund plans to withdraw ¥302 million from internal reserves, with distributions expected to rise 1.1% from the previous forecast to ¥2,479 per unit. Unless there is a change in the interpretation, the fund aims to continue generating earnings from internal growth and property replacement, supported by the rental market in Tokyo's 23 wards, and to achieve stable growth in distributions.