Exhibit 99.1

Nissan Auto Lease Trust 2026-B

Servicer’s Report

 

Collection Period Start    1-Aug-26    Distribution Date   

15-Sep-26

Collection Period End    31-Aug-26    30/360 Days   

30

Beg. of Interest Period    17-Aug-26    Actual/360 Days   

29

End of Interest Period    15-Sep-26      

 

SUMMARY              
     Coupon Rate     Initial Balance      Beginning Balance      Ending Balance      Pool Factor  

Total Portfolio

       1,447,527,618.00        1,428,611,202.92        1,410,303,293.30        0.9742842  

Total Securities

       1,447,527,618.00        1,428,611,202.92        1,410,303,293.30        0.9742842  

Class A-1 Notes

     3.949000 %      127,200,000.00        108,283,584.92        89,975,675.30        0.7073559  

Class A-2a Notes

     4.440000 %      414,000,000.00        414,000,000.00        414,000,000.00        1.0000000  

Class A-2b Notes

     3.996500 %      80,000,000.00        80,000,000.00        80,000,000.00        1.0000000  

Class A-3 Notes

     4.690000 %      494,000,000.00        494,000,000.00        494,000,000.00        1.0000000  

Class A-4 Notes

     4.780000 %      84,800,000.00        84,800,000.00        84,800,000.00        1.0000000  

Class B Notes

     4.870000 %      49,940,000.00        49,940,000.00        49,940,000.00        1.0000000  

Class C Notes

     5.080000 %      39,800,000.00        39,800,000.00        39,800,000.00        1.0000000  

Certificates

     0.000000 %      157,787,618.00        157,787,618.00        157,787,618.00      1.0000000  
     Principal Payment Due     Interest Payment      Principal per $1000 Face Amount      Interest per $1000
Face Amount
        

Class A-1 Notes

     18,307,909.62       344,465.12        143.9301071        2.7080591     

Class A-2a Notes

     0.00       1,531,800.00        0.0000000        3.7000000     

Class A-2b Notes

     0.00       257,552.22        0.0000000        3.2194028     

Class A-3 Notes

     0.00       1,930,716.67        0.0000000        3.9083333     

Class A-4 Notes

     0.00       337,786.67        0.0000000        3.9833334     

Class B Notes

     0.00       202,673.17        0.0000000        4.0583334     

Class C Notes

     0.00       168,486.67        0.0000000        4.2333334     

Certificates

     0.00       0.00        0.0000000        0.0000000     

Total Securities

     18,307,909.62       4,773,480.52           

 

I. COLLECTIONS

          

Lease Payments: ( Lease Series Assets)

          

Monthly Principal

             15,646,897.24  

Monthly Interest

             9,478,989.36  
          

 

 

 

Total Monthly Payments

             25,125,886.60  

Interest Rate Cap Payments

             0.00  

Advances:

          

Aggregate Monthly Payment Advances

 

        821,987.89  

Aggregate Sales Proceeds Advance

 

        352,492.33  
          

 

 

 

Total Advances

             1,174,480.22  

Vehicle Disposition Proceeds:

          

Repurchase Payments

             0.00  

Recoveries

             0.00  

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

 

          3,496,030.62  

Excess Wear and Tear and Excess Mileage

 

        0.00  

Remaining Payoffs

             0.00  

Net Insurance Proceeds

             1,241,228.36  

Residual Value Surplus

             12,119.12  
          

 

 

 

Total Collections

             31,049,744.92  
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

       317,952.64           12  

Involuntary Repossession

       —            —   

Voluntary Repossession

       159,640.00           5  

Full Termination

       —            —   

Bankruptcty

       —            —   

Insurance Payoff

         1,229,570.89         39  

Customer Payoff

           —        —   

Grounding Dealer Payoff

           2,913,977.33       73  

Dealer Purchase

           42,685.10       1  
    

 

 

   

 

 

   

 

 

   

 

 

 

Total

       477,592.64       1,229,570.89       2,956,662.43       130  

II. COLLATERAL POOL BALANCE DATA

 

       
     Number     Book Amount     Discount Rate     Securitization Value        

Pool Balance - Beginning of Period

     47,011       1,704,535,735.22       10.00000 %      1,428,611,202.92    

Total Depreciation Received

       (18,763,935.32 )        (13,683,766.46 )   

Principal Amount of Gross Losses

     (55 )      (1,997,821.96 )        (1,699,845.33 )   

Repurchase / Reallocation

     0       0.00         0.00    

Early Terminations

     (4 )      (166,420.65 )        (141,067.76 )   

Scheduled Terminations

     (84 )      (3,242,402.75 )        (2,783,230.07 )   
  

 

 

   

 

 

     

 

 

   

Pool Balance - End of Period

     46,868       1,680,365,154.54         1,410,303,293.30    

Remaining Pool Balance

          

Lease Payment

           616,882,065.91    

Residual Value

           793,421,227.39    
        

 

 

   

Total

           1,410,303,293.30    

 

III. DISTRIBUTIONS

 

Total Collections

     31,049,744.92  

Reserve Amounts Available for Distribution

     0.00  
  

 

 

 

Total Available for Distribution

     31,049,744.92  

1. Amounts due Indenture Trustee as Compensation or Indemnity

     0.00  

2. Reimbursement of Payment Advance

     554,913.67  

3. Reimbursement of Sales Proceeds Advance

     227,862.16  

4. Servicing Fee:

  

Servicing Fee Due

     1,190,509.34  

Servicing Fee Paid

     1,190,509.34  

Servicing Fee Shortfall

     0.00  
  

 

 

 

Total Trustee, Advances and Servicing Fee Paid

     1,973,285.17  

 


Nissan Auto Lease Trust 2026-B

Servicer’s 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

     344,465.12  

Class A-1 Notes Monthly Interest Paid

     344,465.12  

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

     1,531,800.00  

Class A-2a Notes Monthly Interest Paid

     1,531,800.00  

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

     257,552.22  

Class A-2b Notes Monthly Interest Paid

     257,552.22  

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

     1,930,716.67  

Class A-3 Notes Monthly Interest Paid

     1,930,716.67  

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

     337,786.67  

Class A-4 Notes Monthly Interest Paid

     337,786.67  

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

     202,673.17  

Class B Notes Monthly Interest Paid

     202,673.17  

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

     168,486.67  

Class C Notes Monthly Interest Paid

     168,486.67  

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

     4,773,480.52  

Total Note and Certificate Monthly Interest Paid

     4,773,480.52  

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

     24,302,979.23  

6. Total Monthly Principal Paid on the Notes

  

Total Monthly Principal Paid on the Notes

     18,307,909.62  

Total Noteholders’ Principal Carryover Shortfall

     0.00  

Total Noteholders’ Principal Distributable Amount

     18,307,909.62  

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

     5,995,069.61  

 

IV. RESERVE ACCOUNT

  

Initial Reserve Account Amount

     5,790,110.47  

Required Reserve Account Amount

     9,408,929.52  

Beginning Reserve Account Balance

     9,408,929.52  

Additional Cash Infusion

     0.00  

Reinvestment Income for the Period

     0.00  

Reserve Fund Available for Distribution

     9,408,929.52  

Reserve Fund Draw Amount

     0.00  

Deposit of Remaining Available Collections

     5,995,069.61  

Gross Reserve Account Balance

     15,403,999.13  

Remaining Available Collections Released to Seller

     5,995,069.61  

Total Ending Reserve Account Balance

     9,408,929.52  


Nissan Auto Lease Trust 2026-B

Servicer’s Report

 

V. POOL STATISTICS       

Weighted Average Remaining Maturity

         27.63  

Monthly Prepayment Speed

         47 % 

Lifetime Prepayment Speed

         52 % 
           $     units  

Recoveries of Defaulted and Casualty Receivables

       1,413,160.28    

Securitization Value of Defaulted Receivables and Casualty Receivables

       1,699,845.33       55  

Aggregate Defaulted and Casualty Gain (Loss)

       (286,685.05 )   

Pool Balance at Beginning of Collection Period

       1,428,611,202.92    

Net Loss Ratio

      

Current Collection Period

       -0.0201 %   

Preceding Collection Period

       -0.0105 %   

Second Preceding Collection Period

       0.0000 %   

Third Preceding Collection Period

       0.0000 %   

Cumulative Net Losses for all Periods

       0.0303 %      439,108.50  
     % of BOP Pool Balance     Amount     Number  

Delinquent Receivables:

      

31-60 Days Delinquent

     0.60 %      8,618,134.96       280  

61-90 Days Delinquent

     0.19 %      2,749,946.46       91  

91-120 Days Delinquent

     0.01 %      203,433.40       7  

More than 120 Days

     0.00 %      0.00       0  
    

 

 

   

 

 

 

Total Delinquent Receivables:

     0.81 %      11,571,514.82       378  
           Amount     Number  

61+ Days Delinquencies as Percentage of Receivables

      

Current Collection Period

       0.21 %      0.21 % 

Preceding Collection Period

       0.01 %      0.01 % 

Second Preceding Collection Period

       0.00 %      0.00 % 

Third Preceding Collection Period

       0.00 %      0.00 % 

60 Day Delinquent Receivables

       3,055,314.60    

Delinquency Percentage

       0.21 %   

Delinquency Trigger

       4.40 %   

Does the Delinquency Percentage exceed the Delinquency Trigger?

       No    
           $     units  

Aggregate Sales Performance of Auctioned Vehicles

      

Sales Proceeds

       317,952.64       12  

Securitization Value

       359,089.64       12  
    

 

 

   

Aggregate Residual Value Surplus (Loss)

       (41,137.00 )   
           $     units  

Cumulative Sales Performance of Auctioned Vehicles

      

Cumulative Sales Proceeds

       459,607.64       17  

Cumulative Securitization Value

       518,343.81       17  
    

 

 

   

Cumulative Residual Value Surplus (Loss)

       (58,736.17 )   
    

 

 

   
VI. RECONCILIATION OF ADVANCES       

Beginning Balance of Residual Advance

         306,817.62  

Reimbursement of Outstanding Advance

         227,862.16  

Additional Advances for current period

         352,492.33  
      

 

 

 

Ending Balance of Residual Advance

         431,447.79  
      

 

 

 

Beginning Balance of Payment Advance

         1,793,934.16  

Reimbursement of Outstanding Payment Advance

         554,913.67  

Additional Payment Advances for current period

         821,987.89  
      

 

 

 

Ending Balance of Payment Advance

         2,061,008.38  
      

 

 

 

 

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