AEON REIT Investment Cash Flow Statement

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

Millions JPY. Fiscal year is Feb - Jan.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '25 Jul 31, 2025	Jan '25 Jan 31, 2025	Jan '24 Jan 31, 2024	Jan '23 Jan 31, 2023	Jan '22 Jan 31, 2022	Jan '21 Jan 31, 2021
Net Income	13,936	13,459	14,038	13,615	12,530	11,920
Depreciation & Amortization	10,641	10,705	10,923	10,349	9,944	9,304
Other Amortization	-	34.89	34.89	65.43	25.77	50.25
Gain (Loss) on Sale of Assets	-	7.46	-	-	47.21	-
Change in Accounts Payable	465	1,206	1,668	-21.63	-347.91	-8.46
Change in Other Net Operating Assets	-61	-807.1	-838.61	2,284	561.51	519.42
Other Operating Activities	1,573	-577.22	329.82	-46.59	-2,371	20.23
Operating Cash Flow	26,554	24,028	26,155	26,245	20,390	21,805
Operating Cash Flow Growth	3.55%	-8.13%	-0.34%	28.72%	-6.49%	3.33%
Acquisition of Real Estate Assets	-17,482	-9,250	-25,510	-3,399	-54,348	-11,313
Net Sale / Acq. of Real Estate Assets	-17,482	-9,250	-25,510	-3,399	-54,348	-11,313
Other Investing Activities	173	209.73	-	0.46	828	284.43
Investing Cash Flow	-17,309	-9,040	-26,561	-3,399	-53,520	-16,437
Short-Term Debt Issued	-	-	-	-	-	27,800
Long-Term Debt Issued	-	-	-	40,100	-	31,677
Total Debt Issued	5,500	-	9,300	40,100	19,300	59,477
Short-Term Debt Repaid	-	-	-	-	-	-27,800
Long-Term Debt Repaid	-	-	-	-40,100	-	-22,000
Total Debt Repaid	-	-	-	-40,100	-	-49,800
Net Debt Issued (Repaid)	5,500	-	9,300	-	19,300	9,677
Issuance of Common Stock	-	-	10,384	-	24,858	-
Common Dividends Paid	-14,156	-14,207	-13,824	-13,468	-11,958	-11,708
Other Financing Activities	-2,709	-2,709	-	-	-	-
Foreign Exchange Rate Adjustments	-	-0.24	-0.12	-0.31	0.22	0.02
Miscellaneous Cash Flow Adjustments	-	-0	-1	-0	-	-0
Net Cash Flow	-2,120	-1,928	5,451	9,378	-930.88	3,337
Cash Interest Paid	1,734	1,651	1,514	1,397	1,270	1,220
Cash Income Tax Paid	3	1.61	0.61	1.21	0.57	1.25
Levered Free Cash Flow	-	-	-	21,955	-	12,221
Unlevered Free Cash Flow	-	-	-	22,816	-	13,000
Change in Working Capital	404	399.14	828.91	2,262	213.6	510.97

Updated Jul 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.