AEON REIT Investment Cash Flow 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
Net Income	13,898	13,459	14,038	13,615	12,530
Depreciation & Amortization	10,524	10,705	10,923	10,349	9,944
Other Amortization	-	34.89	34.89	65.43	25.77
Gain (Loss) on Sale of Assets	-	7.46	-	-	47.21
Change in Accounts Payable	-370	1,206	1,668	-21.63	-347.91
Change in Other Net Operating Assets	-246	-787.42	-838.61	2,284	561.51
Other Operating Activities	1,327	-596.89	329.82	-46.59	-2,371
Operating Cash Flow	25,133	24,028	26,155	26,245	20,390
Operating Cash Flow Growth	4.60%	-8.13%	-0.34%	28.72%	-6.49%
Acquisition of Real Estate Assets	-12,835	-9,250	-25,510	-3,399	-54,348
Net Sale / Acq. of Real Estate Assets	-12,835	-9,250	-25,510	-3,399	-54,348
Other Investing Activities	172	209.73	-	0.46	828
Investing Cash Flow	-12,663	-9,040	-26,561	-3,399	-53,520
Long-Term Debt Issued	-	-	-	40,100	-
Total Debt Issued	5,500	-	9,300	40,100	19,300
Long-Term Debt Repaid	-	-	-	-40,100	-
Total Debt Repaid	-6,000	-	-	-40,100	-
Net Debt Issued (Repaid)	-500	-	9,300	-	19,300
Issuance of Common Stock	-	-	10,384	-	24,858
Common Dividends Paid	-14,239	-14,207	-13,824	-13,468	-11,958
Other Financing Activities	-	-2,709	-	-	-
Foreign Exchange Rate Adjustments	1	-0.24	-0.12	-0.31	0.22
Miscellaneous Cash Flow Adjustments	-	-0	-1	-0	-
Net Cash Flow	-2,268	-1,928	5,451	9,378	-930.88
Cash Interest Paid	1,850	1,651	1,514	1,397	1,270
Cash Income Tax Paid	5	1.61	0.61	1.21	0.57
Levered Free Cash Flow	6,126	-	-	21,955	-
Unlevered Free Cash Flow	7,503	-	-	22,816	-
Change in Working Capital	-616	418.82	828.91	2,262	213.6