Tosei Reit Investment Income Statement

Financials in millions JPY. Fiscal year is November - October.

Millions JPY. Fiscal year is Nov - Oct.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 30, 2026	Oct '25 Oct 31, 2025	Oct '24 Oct 31, 2024	Oct '23 Oct 31, 2023	Oct '22 Oct 31, 2022	Oct '21 Oct 31, 2021
Rental Revenue	7,489	7,420	7,239	7,003	6,739	6,372
Gain (Loss) on Sale of Assets (Rev)	-	-	-	-	-	96
Total Revenue	7,489	7,420	7,239	7,003	6,739	6,468
Revenue Growth (YoY	1.82%	2.50%	3.37%	3.92%	4.19%	6.16%
Property Expenses	3,641	3,644	3,592	3,515	3,324	3,082
Selling, General & Administrative	48	50	51	48	51	46
Other Operating Expenses	171	169	164	153	163	154
Total Operating Expenses	3,860	3,863	3,807	3,716	3,538	3,282
Operating Income	3,629	3,557	3,432	3,287	3,201	3,186
Interest Expense	-705	-666	-614	-589	-581	-550
Interest & Investment Income	21	14	-	-	-	-
Other Non-Operating Income	-9	-11	-16	-16	-19	-20
EBT Excluding Unusual Items	2,936	2,894	2,802	2,682	2,601	2,616
Pretax Income	2,936	2,894	2,802	2,682	2,601	2,616
Income Tax Expense	-	1	-	-	-	37
Net Income	2,936	2,893	2,802	2,682	2,601	2,579
Net Income to Common	2,936	2,893	2,802	2,682	2,601	2,579
Net Income Growth	2.98%	3.25%	4.47%	3.11%	0.85%	3.12%
Basic Shares Outstanding	0	0	0	0	0	0
Diluted Shares Outstanding	0	0	0	0	0	0
Shares Change (YoY)	-	0.78%	3.03%	1.14%	5.28%	0.80%
EPS (Basic)	7799.07	7684.85	7500.84	7397.25	7255.45	7574.04
EPS (Diluted)	7799.07	7684.85	7500.84	7397.25	7255.45	7574.04
EPS Growth	2.98%	2.45%	1.40%	1.95%	-4.21%	2.30%
Operating Margin	48.46%	47.94%	47.41%	46.94%	47.50%	49.26%
Profit Margin	39.20%	38.99%	38.71%	38.30%	38.60%	39.87%
EBITDA	4,603	4,511	4,358	4,151	4,033	3,945
EBITDA Margin	61.46%	60.80%	60.20%	59.27%	59.85%	60.99%
D&A For Ebitda	974	954	926	864	832	759
EBIT	3,629	3,557	3,432	3,287	3,201	3,186
EBIT Margin	48.46%	47.94%	47.41%	46.94%	47.50%	49.26%
Effective Tax Rate	-	0.03%	-	-	-	1.41%