Tokaido REIT Balance Sheet

Financials in millions JPY. Fiscal year is February - January.

Millions JPY. Fiscal year is Feb - Jan.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jan '25 Jan 31, 2025	Jul '24 Jul 31, 2024	Jul '23 Jul 31, 2023	Jul '22 Jul 31, 2022
Property, Plant & Equipment	56,645	55,089	46,684	29,511
Cash & Equivalents	1,059	907	943	789
Accounts Receivable	66	66	84	44
Investment In Debt and Equity Securities	-	-	-	102
Other Intangible Assets	-	-	-	2,076
Restricted Cash	2,301	2,096	1,895	1,260
Other Current Assets	88	75	411	51
Other Long-Term Assets	18	24	20	367
Total Assets	60,177	58,257	50,037	34,200
Current Portion of Long-Term Debt	2,600	2,600	6,800	3,200
Long-Term Debt	24,500	24,500	16,100	12,400
Accounts Payable	425	328	404	190
Accrued Expenses	12	10	8	8
Other Current Liabilities	282	255	233	159
Other Long-Term Liabilities	1,155	1,026	956	654
Total Liabilities	30,824	28,919	25,001	16,611
Common Stock	28,424	28,424	24,226	17,028
Retained Earnings	928	914	810	560
Comprehensive Income & Other	1	-	-	1
Shareholders' Equity	29,353	29,338	25,036	17,589
Total Liabilities & Equity	60,177	58,257	50,037	34,200
Total Debt	28,950	27,300	23,400	15,600
Net Cash / Debt	-27,891	-26,393	-22,457	-14,811
Net Cash Per Share	-100183.19	-94802.44	-92606.19	-83520.83
Filing Date Shares Outstanding	0.28	0.28	-	0.18
Total Common Shares Outstanding	0.28	0.28	-	0.18
Book Value Per Share	105434.63	105380.75	-	99186.28
Tangible Book Value	29,353	29,338	25,036	15,513
Tangible Book Value Per Share	105434.63	105380.75	-	87479.49
Land	-	-	-	20,616
Buildings	-	-	-	8,874

Updated Mar 18, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.