Exhibit 99.1

NISSAN AUTO LEASE TRUST 2026-A

Servicer Report

 

Collection Period Start    1-Feb-26    Distribution Date   

16-Mar-26

Collection Period End    28-Feb-26    30/360 Days   

19

Beg. of Interest Period    26-Feb-26    Actual/360 Days   

18

End of Interest Period    16-Mar-26      

 

SUMMARY              
     Coupon Rate     Initial Balance      Beginning Balance      Ending Balance      Pool Factor  

Total Portfolio

       1,422,078,634.81        1,422,078,634.81        1,405,940,882.24        0.9886520  

Total Securities

       1,422,078,634.81        1,422,078,634.81        1,405,940,882.24        0.9886520  

Class A-1 Notes

     3.832000     111,000,000.00        111,000,000.00        94,862,247.43        0.8546148  

Class A-2a Notes

     3.900000     239,940,000.00        239,940,000.00        239,940,000.00        1.0000000  

Class A-2b Notes

     4.117550     240,000,000.00        240,000,000.00        240,000,000.00        1.0000000  

Class A-3 Notes

     3.870000     479,940,000.00        479,940,000.00        479,940,000.00        1.0000000  

Class A-4 Notes

     3.940000     78,860,000.00        78,860,000.00        78,860,000.00        1.0000000  

Class B Notes

     4.140000     47,640,000.00        47,640,000.00        47,640,000.00        1.0000000  

Class C Notes

     4.290000     52,620,000.00        52,620,000.00        52,620,000.00        1.0000000  

Certificates

     0.000000     172,078,634.81        172,078,634.81        172,078,634.81        1.0000000  
     Principal Payment Due     Interest Payment      Principal per $1000 Face Amount      Interest per $1000
Face Amount
        

Class A-1 Notes

     16,137,752.57       212,676.00        145.3851583        1.9160000     

Class A-2a Notes

     0.00       493,876.50        0.0000000        2.0583333     

Class A-2b Notes

     0.00       494,106.00        0.0000000        2.0587750     

Class A-3 Notes

     0.00       980,277.45        0.0000000        2.0425000     

Class A-4 Notes

     0.00       163,984.99        0.0000000        2.0794445     

Class B Notes

     0.00       104,093.40        0.0000000        2.1850000     

Class C Notes

     0.00       119,140.45        0.0000000        2.2641667     

Certificates

     0.00       0.00        0.0000000        0.0000000     

Total Securities

     16,137,752.57       2,568,154.79           

 

I. COLLECTIONS

          

Lease Payments: ( Lease Series Assets)

          

Monthly Principal

             12,631,167.85  

Monthly Interest

             10,034,065.68  
          

 

 

 

Total Monthly Payments

             22,665,233.53  

Interest Rate Cap Payments

             0.00  

Advances:

          

Aggregate Monthly Payment Advances

             2,349,825.99  

Aggregate Sales Proceeds Advance

             297,153.32  
          

 

 

 

Total Advances

             2,646,979.31  

Vehicle Disposition Proceeds:

          

Repurchase Payments

             0.00  

Recoveries

             0.00  

Net Liquidation Proceeds (includes Reallocation Payments and Net Auction Proceeds)

 

          2,714,596.11  

Excess Wear and Tear and Excess Mileage

             662.75  

Remaining Payoffs

             0.00  

Net Insurance Proceeds

             1,338,153.78  

Residual Value Surplus

             1,057.33  
          

 

 

 

Total Collections

             29,366,682.81  

Vehicle Disposition Activity for the current month - Terminated and Sold

(included in Vehicle Disposition Proceeds)

    Reallocation
Payments
and Net Auction
Proceeds
    Net Insurance
Sales
    Lease Payoffs     Count  

Early Termination

       50,583.00           2  

Involuntary Repossession

       —            —   

Voluntary Repossession

       —            —   

Full Termination

       —            —   

Bankruptcty

       —            —   

Insurance Payoff

         1,321,924.62         51  

Customer Payoff

           74,499.77       2  

Grounding Dealer Payoff

           2,526,872.04       66  

Dealer Purchase

           32,344.97       1  
    

 

 

   

 

 

   

 

 

   

 

 

 

Total

       50,583.00       1,321,924.62       2,633,716.78       122  

II. COLLATERAL POOL BALANCE DATA

 

       
     Number     Book Amount     Discount Rate     Securitization Value        

Pool Balance - Beginning of Period

     47,736       1,716,895,873.86       10.00000     1,422,078,634.81    

Total Depreciation Received

       (17,130,866.52       (12,101,524.89  

Principal Amount of Gross Losses

     (58     (1,769,343.06       (1,486,732.04  

Repurchase / Reallocation

     0       0.00         0.00    

Early Terminations

     (8     (286,034.20       (240,215.80  

Scheduled Terminations

     (74     (2,709,164.57       (2,309,279.84  
  

 

 

   

 

 

     

 

 

   

Pool Balance - End of Period

     47,596       1,695,000,465.51         1,405,940,882.24    

Remaining Pool Balance

          

Lease Payment

           550,690,903.45    

Residual Value

           855,249,978.79    
        

 

 

   

Total

           1,405,940,882.24    

 

III. DISTRIBUTIONS

  

Total Collections

     29,366,682.81  

Reserve Amounts Available for Distribution

     0.00  
  

 

 

 

Total Available for Distribution

     29,366,682.81  

1. Amounts due Indenture Trustee as Compensation or Indemnity

     0.00  

2. Reimbursement of Payment Advance

     0.00  

3. Reimbursement of Sales Proceeds Advance

     0.00  

4. Servicing Fee:

  

Servicing Fee Due

     1,185,065.53  

Servicing Fee Paid

     1,185,065.53  

Servicing Fee Shortfall

     0.00  
  

 

 

 

Total Trustee, Advances and Servicing Fee Paid

     1,185,065.53  


NISSAN AUTO LEASE TRUST 2026-A

Servicer Report

 

5. Interest:

  

Class A-1 Notes Monthly Interest

  

Class A-1 Notes Interest Carryover Shortfall

     0.00  

Class A-1 Notes Interest on Interest Carryover Shortfall

     0.00  

Class A-1 Notes Monthly Available Interest Distribution Amount

     212,676.00  

Class A-1 Notes Monthly Interest Paid

     212,676.00  

Chg in Class A-1 Notes Int. Carryover Shortfall

     0.00  

Class A-2a Notes Monthly Interest

  

Class A-2a Notes Interest Carryover Shortfall

     0.00  

Class A-2a Notes Interest on Interest Carryover Shortfall

     0.00  

Class A-2a Notes Monthly Available Interest Distribution Amount

     493,876.50  

Class A-2a Notes Monthly Interest Paid

     493,876.50  

Chg in Class A-2a Notes Int. Carryover Shortfall

     0.00  

Class A-2b Notes Monthly Interest

  

Class A-2b Notes Interest Carryover Shortfall

     0.00  

Class A-2b Notes Interest on Interest Carryover Shortfall

     0.00  

Class A-2b Notes Monthly Available Interest Distribution Amount

     494,106.00  

Class A-2b Notes Monthly Interest Paid

     494,106.00  

Chg in Class A-2b Notes Int. Carryover Shortfall

     0.00  

Class A-3 Notes Monthly Interest

  

Class A-3 Notes Interest Carryover Shortfall

     0.00  

Class A-3 Notes Interest on Interest Carryover Shortfall

     0.00  

Class A-3 Notes Monthly Available Interest Distribution Amount

     980,277.45  

Class A-3 Notes Monthly Interest Paid

     980,277.45  

Chg in Class A-3 Notes Int. Carryover Shortfall

     0.00  

Class A-4 Monthly Interest

  

Class A-4 Notes Interest Carryover Shortfall

     0.00  

Class A-4 Notes Interest on Interest Carryover Shortfall

     0.00  

Class A-4 Notes Monthly Available Interest Distribution Amount

     163,984.99  

Class A-4 Notes Monthly Interest Paid

     163,984.99  

Chg in Class A-4 Notes Int. Carryover Shortfall

     0.00  

Class B Monthly Interest

  

Class B Notes Interest Carryover Shortfall

     0.00  

Class B Notes Interest on Interest Carryover Shortfall

     0.00  

Class B Notes Monthly Available Interest Distribution Amount

     104,093.40  

Class B Notes Monthly Interest Paid

     104,093.40  

Chg in Class B Notes Int. Carryover Shortfall

     0.00  

Class C Monthly Interest

  

Class C Notes Interest Carryover Shortfall

     0.00  

Class C Notes Interest on Interest Carryover Shortfall

     0.00  

Class C Notes Monthly Available Interest Distribution Amount

     119,140.45  

Class C Notes Monthly Interest Paid

     119,140.45  

Chg in Class C Notes Int. Carryover Shortfall

     0.00  

Certificate Monthly Interest

  

Certificate Interest Carryover Shortfall

     0.00  

Certificate Interest on Interest Carryover Shortfall

     0.00  

Certificate Monthly Available Interest Distribution Amount

     0.00  

Certificate Monthly Interest Paid

     0.00  

Chg in Certificate Int. Carryover Shortfall

     0.00  

Total Note and Certificate Monthly Interest

  

Total Note and Certificate Monthly Interest Due

     2,568,154.79  

Total Note and Certificate Monthly Interest Paid

     2,568,154.79  

Total Note and Certificate Interest Carryover Shortfall

     0.00  

Chg in Total Note and Certificate Int. Carryover Shortfall

     0.00  

Total Available for Principal Distribution

     25,613,462.49  

6. Total Monthly Principal Paid on the Notes

  

Total Monthly Principal Paid on the Notes

     16,137,752.57  

Total Noteholders’ Principal Carryover Shortfall

     0.00  

Total Noteholders’ Principal Distributable Amount

     16,137,752.57  

Chg in Total Noteholders’ Principal Carryover Shortfall

     0.00  

7. Total Monthly Principal Paid on the Certificates

     0.00  

Total Certificateholders’ Principal Carryover Shortfall

     0.00  

Total Certificateholders’ Principal Distributable Amount

     0.00  

Chg in Total Certificateholders’ Principal Carryover Shortfall

     0.00  

Remaining Available Collections

     9,475,709.92  

 

IV. RESERVE ACCOUNT

     

Initial Reserve Account Amount

        5,688,314.54  

Required Reserve Account Amount

        9,243,511.13  

Beginning Reserve Account Balance

        5,688,314.54  

Additional Cash Infusion

        0.00  

Reinvestment Income for the Period

        0.00  

Reserve Fund Available for Distribution

        5,688,314.54  

Reserve Fund Draw Amount

        0.00  

Deposit of Remaining Available Collections

        9,475,709.92  

Gross Reserve Account Balance

        15,164,024.46  

Remaining Available Collections Released to Seller

     5,920,513.33        5,920,513.33  

Total Ending Reserve Account Balance

        9,243,511.13  


NISSAN AUTO LEASE TRUST 2026-A

Servicer Report

 

V. POOL STATISTICS       

Weighted Average Remaining Maturity

         25.81  

Monthly Prepayment Speed

         35

Lifetime Prepayment Speed

         35
           $     units  

Recoveries of Defaulted and Casualty Receivables

       1,338,153.78    

Securitization Value of Defaulted Receivables and Casualty Receivables

       1,486,732.04       58  

Aggregate Defaulted and Casualty Gain (Loss)

       (148,578.26  

Pool Balance at Beginning of Collection Period

       1,422,078,634.81    

Net Loss Ratio

      

Current Collection Period

       -0.0104  

Preceding Collection Period

       0.0000  

Second Preceding Collection Period

       0.0000  

Third Preceding Collection Period

       0.0000  

Cumulative Net Losses for all Periods

       0.0104     148,578.26  
     % of BOP Pool Balance     Amount     Number  

Delinquent Receivables:

      

31-60 Days Delinquent

     0.37     5,229,713.26       181  

61-90 Days Delinquent

     0.01     116,850.53       3  

91-120 Days Delinquent

     0.00     0.00       0  

More than 120 Days

     0.00     0.00       0  
    

 

 

   

 

 

 

Total Delinquent Receivables:

     0.38     5,346,563.79       184  
           Amount     Number  

61+ Days Delinquencies as Percentage of Receivables

      

Current Collection Period

       0.01     0.01

Preceding Collection Period

       0.00     0.00

Second Preceding Collection Period

       0.00     0.00

Third Preceding Collection Period

       0.00     0.00

60 Day Delinquent Receivables

       116,850.53    

Delinquency Percentage

       0.01  

Delinquency Trigger

       4.40  

Does the Delinquency Percentage exceed the Delinquency Trigger?

       No    
           $     units  

Aggregate Sales Performance of Auctioned Vehicles

      

Sales Proceeds

       50,583.00       2  

Securitization Value

       53,302.44       2  
    

 

 

   

Aggregate Residual Value Surplus (Loss)

       (2,719.44  
           $     units  

Cumulative Sales Performance of Auctioned Vehicles

      

Cumulative Sales Proceeds

       50,583.00       2  

Cumulative Securitization Value

       53,302.44       2  
    

 

 

   

Cumulative Residual Value Surplus (Loss)

       (2,719.44  
    

 

 

   
VI. RECONCILIATION OF ADVANCES       

Beginning Balance of Residual Advance

         0.00  

Reimbursement of Outstanding Advance

         0.00  

Additional Advances for current period

         297,153.32  
      

 

 

 

Ending Balance of Residual Advance

         297,153.32  
      

 

 

 

Beginning Balance of Payment Advance

         0.00  

Reimbursement of Outstanding Payment Advance

         0.00  

Additional Payment Advances for current period

         2,349,825.99  
      

 

 

 

Ending Balance of Payment Advance

         2,349,825.99  
      

 

 

 

 

VII. STATEMENTS TO NOTEHOLDERS         

1. Has there been any material change in practices with respect to charge-offs, collection and management of delinquent Leases, and the effect of any grace period, re-aging, re-structuring, partial payments or other practices on delinquency and loss experience?

           NO  

2. Have there been any material modifications, extensions or waivers to Lease terms, fees, penalties or payments during the Collection Period?

           NO  

3. Have there been any material breaches of representations, warranties or covenants contained in the Leases?

           NO  

4. Has there been any new issuance of notes or other securities backed by the Series Assets Assets?

           NO  

5. Has there been any material additions, removals or substitutions of Series Assets Assets, or repurchases of Series Assets Assets?

           NO  

6. Has there been any material change in the underwriting, origination or acquisition of Leases?

           NO  

VIII. CREDIT RISK RETENTION

On the Closing Date, the depositor, Nissan Auto Leasing LLC II (“NALL II”), a wholly owned subsidiary of Nissan Motor Acceptance Company LLC (“NMAC”), retained the issuing entity’s certificates, which represent 100% of the beneficial interest in the issuing entity. NMAC, as sponsor, intends to satisfy the requirements of the SEC’s credit risk retention rules (17 C.F.R. Part 246, “Regulation RR”) through the retention by the depositor of an “eligible horizontal residual interest” equal to at least 5% of the fair value of all notes and certificates issued by the issuing entity.

NMAC, the sponsor, determined that the combined fair value of the Notes and Certificates was $1,498,305,813.07 as of the Closing Date, and that the fair value of the entire portion of the Certificates as of the Closing Date was $248,305,813.07, which is approximately 16.57% of the fair value of all Notes and Certificates issued by Nissan Auto Lease Trust 2026-A on the Closing Date.

NALL II may transfer all or a portion of the eligible horizontal residual interest to another majority-owned affiliate of NMAC on or after the closing date. Neither NALL II nor NMAC intends to sell, hedge, or otherwise mitigate the credit risk associated with the retained interest, except as permitted under Regulation RR.