NTT UD REIT Investment Balance Sheet

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
Property, Plant & Equipment	277,975	242,719	253,154	253,562	219,175	207,745
Cash & Equivalents	15,068	13,775	5,964	6,607	6,763	7,059
Accounts Receivable	1,116	1,199	1,140	1,047	979.91	705.91
Other Receivables	-	106.8	95.2	-	102.89	102.64
Investment In Debt and Equity Securities	-	20,035	20,035	-	20,035	20,035
Other Intangible Assets	-	15,009	15,010	-	15,005	15,037
Restricted Cash	13,036	13,128	14,622	13,436	13,863	14,583
Other Current Assets	427	171.76	205.89	271	189.3	151.32
Deferred Long-Term Tax Assets	-	3.06	2.98	-	2.29	1.88
Deferred Long-Term Charges	-	21.69	31.48	-	52.43	44.69
Other Long-Term Assets	17	1,310	1,395	36	1,281	1,240
Total Assets	307,639	307,478	311,655	274,959	277,449	266,706
Current Portion of Long-Term Debt	17,900	17,200	9,300	11,500	23,500	19,450
Long-Term Debt	121,350	122,050	129,950	104,950	100,450	103,850
Accounts Payable	3,238	3,464	2,713	2,916	2,315	2,417
Accrued Expenses	191	393.37	631.16	128	503.41	510.62
Current Income Taxes Payable	-	0.61	0.61	-	0.61	0.61
Current Unearned Revenue	-	916.58	1,003	-	1,011	2,915
Other Current Liabilities	996	77.97	139.92	1,117	68.12	112.3
Other Long-Term Liabilities	8,966	8,883	9,596	9,359	9,944	8,667
Total Liabilities	160,641	160,985	163,033	135,670	139,793	141,122
Common Stock	140,497	142,154	142,154	132,637	132,638	120,350
Retained Earnings	6,500	5,995	6,469	6,651	5,018	5,234
Comprehensive Income & Other	1	-1,656	0	1	-	0
Shareholders' Equity	146,998	146,493	148,623	139,289	137,656	125,584
Total Liabilities & Equity	307,639	307,478	311,655	274,959	277,449	266,706
Total Debt	147,250	147,250	148,950	122,150	125,950	126,500
Net Cash (Debt)	-132,182	-133,475	-142,986	-115,543	-119,187	-119,441
Net Cash Per Share	-90027.82	-90728.20	-96497.95	-82434.44	-85053.36	-90692.09
Filing Date Shares Outstanding	1.47	1.47	1.48	1.4	1.4	1.4
Total Common Shares Outstanding	1.47	1.47	1.48	1.4	1.4	1.32
Book Value Per Share	100118.85	99774.83	100282.81	99376.09	98211.02	95356.46
Tangible Book Value	146,998	131,484	133,612	139,289	122,651	110,547
Tangible Book Value Per Share	100118.85	89552.50	90154.52	99376.09	87505.41	83938.57
Land	-	175,443	181,022	-	151,356	142,115
Buildings	-	107,248	114,061	-	104,787	100,093
Construction In Progress	-	83.25	240.56	-	7.31	0.51