Japan · Delayed Price · Currency is JPY Mitsui Fudosan Logistics Park Earnings Call Transcripts
Fiscal Year 2027
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Period 20 DPU reached JPY 2,503, supported by acquisitions and rent growth; occupancy rose to 98.4%. Guidance targets JPY 2,620 DPU in periods 21 and 22, two periods ahead of plan, alongside continued asset recycling and rental growth.
Fiscal Year 2026
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19th fiscal period DPU rose to JPY 3,275 with disposal gains, while four acquisitions strengthen the portfolio. Rent reversions, low LTV and sponsor pipelines underpin a target of at least 4% annual DPU growth through the 23rd period.
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The post-merger portfolio exceeded ¥500 billion in assets, with a three-year DPU CAGR target of at least 4%. Property sales lifted the 19th-period DPU forecast to ¥3,220, while rent growth, acquisitions and retained earnings underpin future distributions.
Fiscal Year 2024
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The merger lifted asset size to ¥576.4 billion and created a dual sponsor platform; the transitional period marked 16 consecutive periods of DPU growth. Forecast DPU rises to ¥2,406 in the 18th period and ¥2,478 in the 19th.
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15th-period revenue, profit, and DPU rose for the 14th consecutive period. Five acquisitions will expand the portfolio to JPY 399.7 billion, with DPU projected at JPY 9,214 and JPY 9,313 for the next two periods.