Industrial & Infrastructure Fund Investment Corporation announced results for its 38th period, with actual distribution per unit of ¥4,094. Its period-end portfolio comprised 111 properties, with an asset size of ¥535.7 billion and an interest-bearing debt ratio of 52.2%.
Industrial & Infrastructure Fund Investment Corporation released results for its 38th period (fiscal year ending July 2026). It acquired 4 properties, including IIF Sakai Logistics Processing Center (land), as well as 1 silent partnership equity interest, and sold 4 properties, including IIF Izumiotsu e-shop Logistics Center (land). Rental revenue increased, but profit declined 9.3% year on year due to lower gains on property sales and higher repair expenses and interest expense.
At period-end, the portfolio comprised 111 properties, with an asset size of ¥535.7 billion and an interest-bearing debt ratio of 52.2%. Distribution per unit was ¥4,094, including distributions in excess of earnings. For the 39th period, rental revenue and gains on property sales are expected to increase, but profit is forecast to decline 2.4% year on year due to higher depreciation and interest expense. For the 40th period, gains on property sales are expected to decline, while profit is forecast to increase 0.4% year on year due in part to lower repair expenses.
The distribution per unit target was raised from the previous range of ¥3,600–¥3,800 to ¥4,200. The annual growth target for distributions excluding gains on property sales is more than 3.0%. The fund will continue to pursue internal growth and property rotation, while also examining investment opportunities in data centers.