CRE Logistics REIT Income Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Rental Revenue	4,554	4,508	8,765	7,823	6,754
Gain (Loss) on Sale of Assets (Rev)	208.32	171.48	-	1,807	-
Other Revenue	0	-	-	0	-
Total Revenue	4,762	4,679	8,765	9,630	6,754
Revenue Growth (YoY	1.77%	-46.61%	-8.99%	42.58%	45.78%
Property Expenses	2,056	2,065	3,435	2,782	2,750
Selling, General & Administrative	24.35	25.4	48.15	48.32	50
Other Operating Expenses	36.81	39.88	462.76	856.22	65
Total Operating Expenses	2,117	2,130	3,945	3,686	2,865
Operating Income	2,645	2,549	4,819	5,944	3,889
Interest Expense	-335.65	-257.05	-495.09	-360.28	-512
Interest & Investment Income	5.29	0.47	0.03	0.13	-
Other Non-Operating Income	-84.31	-81.29	-141.26	-211.85	-33
EBT Excluding Unusual Items	2,230	2,211	4,183	5,372	3,344
Other Unusual Items	-	-	-9	-	-25
Pretax Income	2,230	2,211	4,174	5,372	3,319
Income Tax Expense	0.85	0.89	1.02	1.73	-
Net Income to Company	2,230	2,210	4,173	5,370	3,319
Net Income	2,230	2,210	4,173	5,370	3,319
Net Income to Common	2,230	2,210	4,173	5,370	3,319
Net Income Growth	0.88%	-47.03%	-22.30%	61.80%	46.41%
Basic Shares Outstanding	1	1	1	1	1
Diluted Shares Outstanding	1	1	1	1	1
Shares Change (YoY)	-2.20%	2.57%	8.28%	9.64%	36.34%
EPS (Basic)	3634.88	3523.84	6824.41	9509.86	6443.90
EPS (Diluted)	3634.88	3523.84	6824.41	9509.86	6443.90
EPS Growth	3.15%	-48.36%	-28.24%	47.58%	7.38%
Dividend Per Share	7706.000	7440.000	-	9851.000	-
Dividend Growth	3.57%	-	-	-	-
Operating Margin	55.54%	54.47%	54.98%	61.72%	57.58%
Profit Margin	46.82%	47.23%	47.61%	55.77%	49.14%
EBITDA	3,408	3,314	6,287	7,245	5,102
EBITDA Margin	71.56%	70.82%	71.74%	75.23%	75.54%
D&A For Ebitda	762.96	764.99	1,468	1,301	1,213
EBIT	2,645	2,549	4,819	5,944	3,889
EBIT Margin	55.54%	54.47%	54.98%	61.72%	57.58%
Effective Tax Rate	0.04%	0.04%	0.02%	0.03%	-
Revenue as Reported	4,762	4,679	4,240	9,630	-

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.