ESR Kendall Square REIT Balance Sheet

Financials in millions KRW. Fiscal year is December - November.

Millions KRW. Fiscal year is Dec - Nov.

Fiscal Year	FY 2025	FY 2025	FY 2024	FY 2024	FY 2023
Period Ending	Nov '25 Nov 30, 2025	May '25 May 31, 2025	Nov '24 Nov 30, 2024	May '24 May 31, 2024	Nov '23 Nov 30, 2023
Cash & Equivalents	171,446	49,020	58,597	66,859	50,608
Short-Term Investments	4,258	5,323	7,713	14,561	12,662
Cash & Short-Term Investments	175,704	54,342	66,310	81,419	63,270
Cash Growth	223.33%	-18.05%	-18.56%	28.68%	105.88%
Accounts Receivable	-	-0	-	-	-
Other Receivables	14,530	13,662	13,511	11,550	10,693
Receivables	14,530	13,662	13,511	11,550	10,693
Prepaid Expenses	14,390	1,308	6,750	1,696	2,375
Other Current Assets	2,081	670.95	1,050	604.44	2,932
Total Current Assets	206,705	69,983	87,621	95,270	79,270
Property, Plant & Equipment	216.93	251.06	169.45	56.14	66.34
Long-Term Investments	193,202	234,467	223,133	228,824	211,083
Other Intangible Assets	22.31	4.06	4.06	4.06	4.06
Other Long-Term Assets	2,435,627	2,198,339	2,214,256	2,149,144	2,053,494
Total Assets	2,835,774	2,503,044	2,525,183	2,473,298	2,343,918
Accrued Expenses	7,664	6,242	6,739	8,112	5,550
Short-Term Debt	26,499	16,500	21,100	-	-
Current Portion of Long-Term Debt	130,271	493,685	10,000	336,812	254,970
Current Unearned Revenue	2,048	1,785	2,088	1,431	1,196
Other Current Liabilities	19,989	10,635	12,659	8,357	8,405
Total Current Liabilities	186,471	528,847	52,586	354,712	270,121
Long-Term Debt	1,430,191	862,637	1,342,856	960,116	912,070
Long-Term Unearned Revenue	4,475	3,729	2,575	2,854	3,178
Other Long-Term Liabilities	49,435	42,593	42,505	45,362	41,637
Total Liabilities	1,670,572	1,437,806	1,440,522	1,363,044	1,227,006
Common Stock	246,089	213,089	213,089	213,089	213,089
Additional Paid-In Capital	994,771	896,179	900,187	900,187	900,187
Retained Earnings	-75,659	-44,029	-28,615	-3,022	3,637
Comprehensive Income & Other	-	-	-	-	0
Total Common Equity	1,165,202	1,065,238	1,084,661	1,110,253	1,116,913
Shareholders' Equity	1,165,202	1,065,238	1,084,661	1,110,253	1,116,913
Total Liabilities & Equity	2,835,774	2,503,044	2,525,183	2,473,298	2,343,918
Total Debt	1,586,961	1,372,822	1,373,956	1,296,928	1,167,040
Net Cash (Debt)	-1,411,257	-1,318,480	-1,307,646	-1,215,509	-1,103,770
Net Cash Per Share	-5749.52	-6187.46	-6136.62	-5704.23	-5179.85
Filing Date Shares Outstanding	245.46	213.09	213.09	213.09	213.09
Total Common Shares Outstanding	245.46	213.09	213.09	213.09	213.09
Working Capital	20,234	-458,864	35,035	-259,442	-190,850
Book Value Per Share	4747.08	4999.03	5090.18	5210.28	5241.53
Tangible Book Value	1,165,179	1,065,234	1,084,657	1,110,249	1,116,909
Tangible Book Value Per Share	4746.99	4999.01	5090.16	5210.26	5241.51

Updated Aug 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.