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 | |||||||