NIPPON REIT Investment Balance Sheet

Financials in millions JPY. Fiscal year is July - June.

Millions JPY. Fiscal year is Jul - Jun.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021
Property, Plant & Equipment	251,823	260,212	259,663	235,241	238,946	239,673
Cash & Equivalents	16,471	10,362	11,876	14,096	10,469	10,217
Accounts Receivable	122.77	205	101	107.83	86.77	87.95
Other Receivables	1.82	-	-	-	0.02	0.27
Other Intangible Assets	4,741	-	-	18,053	17,360	17,918
Restricted Cash	6,442	5,740	6,009	6,054	6,072	6,036
Other Current Assets	462.15	735	478	488.3	488.83	483.5
Deferred Long-Term Tax Assets	0.04	-	-	0.03	-	0
Deferred Long-Term Charges	35.19	-	-	40.58	48	35.69
Other Long-Term Assets	1,038	40	34	1,333	1,425	1,670
Total Assets	281,137	277,294	278,161	275,414	274,896	276,121
Current Portion of Long-Term Debt	23,210	21,910	20,400	17,650	16,100	13,320
Long-Term Debt	112,220	112,320	113,720	114,970	116,520	119,300
Accounts Payable	1,072	1,231	1,478	1,161	667.51	671.38
Accrued Expenses	432.87	345	343	556.62	394.44	639.18
Current Income Taxes Payable	-	-	-	0.36	-	-
Other Current Liabilities	1,623	1,887	1,631	1,610	1,671	2,077
Other Long-Term Liabilities	8,928	8,454	9,194	9,074	8,950	8,720
Total Liabilities	147,486	146,147	146,766	145,021	144,303	144,728
Common Stock	126,516	124,015	126,515	126,516	126,516	126,516
Retained Earnings	9,635	7,131	4,880	3,877	4,077	4,877
Comprehensive Income & Other	0	1	-	-	0	0
Shareholders' Equity	133,650	131,147	131,395	130,393	130,592	131,393
Total Liabilities & Equity	281,137	277,294	278,161	275,414	274,896	276,121
Total Debt	135,430	134,230	134,120	132,620	132,620	132,620
Net Cash (Debt)	-118,959	-123,868	-122,244	-118,524	-122,151	-122,403
Net Cash Per Share	-67270.06	-69437.48	-67923.90	-65856.99	-67872.04	-68012.25
Filing Date Shares Outstanding	1.77	1.77	1.8	1.8	1.8	1.8
Total Common Shares Outstanding	1.77	1.77	1.8	1.8	1.8	1.8
Book Value Per Share	75577.92	74162.23	73008.58	72451.77	72562.49	73007.50
Tangible Book Value	128,909	131,147	131,395	112,340	113,232	113,475
Tangible Book Value Per Share	72896.74	74162.23	73008.58	62420.85	62916.59	63051.70
Land	197,489	-	-	186,154	188,519	187,607
Buildings	70,038	-	-	62,710	62,238	62,341
Construction In Progress	1.72	-	-	1.32	-	-