Global One Real Estate Investment Corporation TSE:8958

Global One Real Estate Investment : GOR Revises Earnings Forecasts and Dividend Forecast for the Six-Month Period Ending March 2026 and Earnings Forecasts for the Six-Month Period Ending

Published November 28, 2025 at 6:37 a.m. UTC

Source: MarketScreener

Press Release

28 November 2025

REIT Issuer: Global One Real Estate Investment Corp.

Securities Code: 8958 Representative: Akio Uchida, Executive Director

Asset Manager: Global Alliance Realty Co., Ltd. Representative: Kazunori Yamauchi, President

Contact: Gen Yamazaki General Manager

REIT Finance Department Tel: +81-3-4346-0658

GOR Revises Earnings Forecasts and Dividend Forecast for the Six-Month Period Ending March 2026 and Earnings Forecasts for the Six-Month Period Ending September 2026

Global One Real Estate Investment Corp. ("GOR") announces today that it has revised its earnings forecasts and its forecast on dividend per unit for the six-month period ending March 2026 (the "45th Period": 1 October 2025 - 31 March 2026) and the six-month period ending

September 2026 (the 46th Period: 1 April 2026 - 30 September 2026).

Rationale for revision and announcement
GOR will revise its earnings forecasts and dividend forecast as the assumptions for the earnings forecasts, dividend forecast, and the prerequisites for the six-month period ending March 2026 announced in "Summary of Financial Results for the Six-Month Period Ended September 2025 (REIT)" dated 19 November 2025 and the earnings forecasts and prerequisites for the six-month period ending September 2026 have changed due to the acquisition of assets stated in the press release titled "GOR Announces Acquisition of Trust Beneficiary Interest in Domestic Real Estate (LUCID SQUARE SHIN-OSAKA)" announced today.

Revision of earnings forecasts and dividend forecast for the six-month period ending March 2026

Previous forecast

(A)

(19 November

2025)

Revised forecast (B)

Amount of change (C)=(B-A)

Change (C/A×100)

Operating revenue	7,388	7,520	131	1.8%
	million yen	million yen	million yen
Operating profit	4,455	4,558	103	2.3%
	million yen	million yen	million yen
Ordinary profit	3,832	3,869	36	1.0%
	million yen	million yen	million yen
Net income	3,831	3,868	36	1.0%
	million yen	million yen	million yen
Dividend per unit	3,550 yen	3,585 yen	35 yen	1.0%

Dividend in excess of profit per unit

--- --- --- ---

(Ref.) Forecasted net income per unit: 3,978 yen

Forecasted total number of investment units issued: 972,337 units

Notes:

Dividend per unit is calculated by dividing the undistributed earnings minus the reserve for reduction entry of 396 million yen plus the reversal of the reserve for reduction entry of 13 million yen, by the number of investment units issued expected at the end of the fiscal period.
The forecasts contained in this document are "current" as of the date of this release, based on the assumptions described in the Exhibit. Actual results may differ (i.e. operating revenue, operating profit, ordinary profit, net income, dividend per unit) depending on various factors. The above forecasts do not guarantee the amount of future dividends.
Should a disparity exceeding a certain percentage arise in the forecasts, revisions may be made.
Amounts of less than one million yen are rounded down to the nearest million yen.

Revision of earnings forecasts for the six-month period ending September 2026

Previous forecast (A)

(19 November

2025)

Revised forecast (B)

Amount of change (C)=(B-A)

Change (C/A×100)

Operating revenue	6,894	7,107	212	3.1%
	million yen	million yen	million yen
Operating profit	3,867	4,001	134	3.5%
	million yen	million yen	million yen
Ordinary profit	3,159	3,189	29	0.9%
	million yen	million yen	million yen
Net income	3,158	3,188	29	0.9%
	million yen	million yen	million yen
Dividend per unit	3,200 yen	3,200 yen	---	---

Dividend in excess of profit per unit

--- --- --- ---

(Ref.) Forecasted net income per unit: 3,279 yen

Forecasted total number of investment units issued: 972,337 units

Notes:

Dividend per unit is calculated by dividing the undistributed income minus the reserve for reduction entry of 76 million yen by the number of investment units issued expected at the end of the fiscal period.
The forecasts contained in this document are "current" as of the date of this release, based on the assumptions described in the Exhibit. Actual results may differ (i.e. operating revenue, operating profit, ordinary profit, net income, dividend per unit) depending on various factors. The above forecasts do not guarantee the amount of future dividends.
Should a disparity exceeding a certain percentage arise in the forecasts, revisions may be made.
Amounts of less than one million yen are rounded down to the nearest million yen,

(Reference) Earnings for the six-month period ended September 2025

Earnings for the six-month period ended September 2025, which was prepared based on the earnings forecast stated in "Summary of Financial Results for the Six-Month Period Ended September 2025 (REIT)" released on 19 November 2025, are as follows.

Six-Month Period Ended

September 2025

Operating revenue 8,088 million yen

Operating profit 5,059 million yen

Ordinary profit 4,614 million yen

Net income 4,613 million yen

Dividend per unit 4,271 yen

Dividend in excess of profit per unit ---

(Ref.) Net income per unit: 4,704 yen

Forecasted total number of investment units issued: 972,337 units

Notes:

Dividend per unit is calculated by dividing the undistributed earnings minus the reserve for reduction entry of 474 million yen, which is expected to be reserved for the six-month period ending September 2025, plus the reversal of the reserve for reduction entry of 13 million yen, by the number of investment units issued expected at the end of the fiscal period.

Exhibit

Assumptions underlying earnings forecasts for the six-month period ending March 2026 (The 45th Period) and the six-month period ending September 2026 (The 46th Period)

Items Assumptions

Accounting period The 45th Period: 1 October 2025 - 31 March 2026 (182 days)

The 46th Period: 1 April 2026 - 30 September 2026 (183 days)

Operating assets • Assumes that GOR will acquire and transfer the following

properties in addition to the 14 properties it owns as of 30 September 2026 without any additional acquisitions or sales until the end of the six-month period ending September 2026.

The acquisition of Meiji Yasuda Life Insurance Osaka Umeda Building (15% of 70% quasi co-ownership interest in trust beneficial interests in real estate: 24 October 2025, 15% of 70% quasi co-ownership interest in trust beneficial interests in real estate: 24 April 2026) and the acquisition of FUKUOKA K-SQUARE (83% quasi co-ownership interest in trust beneficial interests in real estate: 7 November 2025).

The Transfer of Arca Central (Interests 30%: 10 October 2025) and Yokohama Plaza Building (Interests 15%: 24 October 2025,

Interests 15%: 24 April 2026).

The acquisition of LUCID SQUARE SHIN-OSAKA (Trust beneficial interests: 5 December 2025).

Notwithstanding the above assumption, estimates may change in the event of a change in the portfolio.
Number of units issued • The number of units that have been issued and outstanding as of 30 September 2025 is 972,337 units.
Dividend per unit is calculated based on the above number of units issued, or 972,337.
Operating revenue • Rental revenue takes into account various factors (e.g. tenant
turnover, market trends, and competition in the neighborhood) and assumes that there will be no arrears or nonpayment of rent by tenants.
Rental revenue is expected to increase with the acquisition of part of Meiji Yasuda Life Insurance Osaka Umeda Building respectively on 24 October 2025 and 24 April 2026, the acquisition of FUKUOKA K-SQUARE on 7 November 2025, the transfer of part of Arca Central on 10 October 2025 and the transfer of part of Yokohama Plaza Building respectively on 24 October 2025 and 24 April 2026.
Rental revenue is expected to increase with the acquisition of LUCID SQUARE SHIN-OSAKA on 5 December 2025.
Among the operating revenue, 736 million yen of gain on sale of real estate is expected in the 45th Period from the transfer of Arca Central, and 1,236 million yen of gain on sale of real estate is expected in the 45th Period and 1,248 million yen in the 46th