AEON REIT Investment Income Statement

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

Millions JPY. Fiscal year is Feb - Jan.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jan '26 Jan 31, 2026	Jan '25 Jan 31, 2025	Jan '24 Jan 31, 2024	Jan '23 Jan 31, 2023	Jan '22 Jan 31, 2022
Rental Revenue	42,195	41,985	41,732	39,793	37,368
Gain (Loss) on Sale of Assets (Rev)	297.5	-	-	-	2.74
Other Revenue	0	183	166	-	139
Total Revenue	42,879	42,351	42,062	40,109	37,625
Revenue Growth (YoY	1.24%	0.69%	4.87%	6.60%	6.66%
Property Expenses	26,284	26,209	25,602	24,535	20,780
Selling, General & Administrative	157.4	165.81	164.94	136.41	152.35
Other Operating Expenses	265.69	253.14	276.26	255.34	2,251
Total Operating Expenses	26,708	26,628	26,043	24,927	23,184
Operating Income	16,171	15,723	16,019	15,182	14,441
Interest Expense	-1,895	-1,856	-1,712	-1,441	-1,448
Interest & Investment Income	51.48	3.18	0.15	3.6	0.12
Currency Exchange Gain (Loss)	1.38	0.23	0.12	0.84	-
Other Non-Operating Income	-324.32	-226.11	-171.37	-338.95	-260.72
EBT Excluding Unusual Items	14,005	13,645	14,135	13,407	12,732
Total Insurance Settlements	13.94	302.26	-	862.86	424.67
Other Unusual Items	-120.37	-487.79	-97.12	-654.24	-627.09
Pretax Income	13,899	13,459	14,038	13,615	12,530
Income Tax Expense	2.28	0.61	0.61	1.21	0.61
Net Income	13,896	13,459	14,038	13,614	12,529
Net Income to Common	13,896	13,459	14,038	13,614	12,529
Net Income Growth	3.25%	-4.12%	3.11%	8.66%	5.12%
Basic Shares Outstanding	2	2	2	2	2
Diluted Shares Outstanding	2	2	2	2	2
Shares Change (YoY)	-0.81%	-0.19%	3.88%	4.80%	4.14%
EPS (Basic)	6609.27	6349.57	6609.82	6658.99	6422.57
EPS (Diluted)	6609.27	6349.57	6609.82	6658.99	6422.57
EPS Growth	4.09%	-3.94%	-0.74%	3.68%	0.94%
Dividend Per Share	6814.000	-	-	6557.000	-
Operating Margin	37.71%	37.13%	38.08%	37.85%	38.38%
Profit Margin	32.41%	31.78%	33.37%	33.94%	33.30%
EBITDA	26,647	26,428	26,942	25,531	24,384
EBITDA Margin	62.14%	62.40%	64.05%	63.65%	64.81%
D&A For Ebitda	10,476	10,705	10,923	10,349	9,944
EBIT	16,171	15,723	16,019	15,182	14,441
EBIT Margin	37.71%	37.13%	38.08%	37.85%	38.38%
Funds From Operations (FFO)	-	11,915	12,550	-	10,562
FFO Payout Ratio	-	119.24%	110.15%	-	113.22%
Effective Tax Rate	0.02%	0.00%	0.00%	0.01%	0.01%
Revenue as Reported	42,879	21,161	21,008	-	17,697

Updated Jan 31, 2026. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.