United Urban Investment Income Statement

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

Millions JPY. Fiscal year is Dec - Nov.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	Nov '24 Nov 30, 2024	Nov '23 Nov 30, 2023	Nov '22 Nov 30, 2022	Nov '21 Nov 30, 2021
Rental Revenue	53,777	53,027	50,095	47,197	45,109
Gain (Loss) on Sale of Assets (Rev)	1,784	1,164	314.23	1,421	1,896
Other Revenue	0	0	0	0	0
Total Revenue	55,561	54,191	50,409	48,618	47,006
Revenue Growth (YoY	2.53%	7.50%	3.68%	3.43%	-1.06%
Property Expenses	27,977	27,476	27,403	26,734	26,169
Selling, General & Administrative	160.68	186.89	175.83	174.85	173.31
Other Operating Expenses	533.01	510.86	518.18	460.17	473.8
Total Operating Expenses	28,671	28,174	28,098	27,369	26,816
Operating Income	26,890	26,017	22,312	21,249	20,190
Interest Expense	-2,772	-2,320	-1,987	-1,909	-1,882
Interest & Investment Income	50.06	3.11	0.22	0.42	0.33
Other Non-Operating Income	23.28	79.84	53.6	0.18	5.91
EBT Excluding Unusual Items	24,191	23,780	20,379	19,340	18,314
Gain (Loss) on Sale of Assets	-57.5	-24.29	-87.71	-17.19	-37.91
Total Insurance Settlements	31.71	54.67	7.01	37.68	33.72
Asset Writedown	-44	-	-	-68	-1,139
Other Unusual Items	3.52	40.13	3.01	2.89	3.45
Pretax Income	24,125	23,850	20,301	19,296	17,175
Income Tax Expense	1.21	0.61	1.21	1.21	1.21
Net Income	24,124	23,850	20,300	19,294	17,173
Net Income to Common	24,124	23,850	20,300	19,294	17,173
Net Income Growth	1.15%	17.49%	5.21%	12.35%	-10.94%
Basic Shares Outstanding	3	3	3	3	3
Diluted Shares Outstanding	3	3	3	3	3
Shares Change (YoY)	-1.12%	-0.03%	-1.68%	1.06%	-
EPS (Basic)	7876.13	7699.11	6551.27	6122.32	5507.21
EPS (Diluted)	7876.13	7699.11	6551.27	6122.32	5507.21
EPS Growth	2.30%	17.52%	7.01%	11.17%	-10.94%
Dividend Per Share	8152.000	-	6600.000	6256.000	6282.000
Dividend Growth	-	-	5.50%	-0.41%	-4.66%
Operating Margin	48.40%	48.01%	44.26%	43.70%	42.95%
Profit Margin	43.42%	44.01%	40.27%	39.69%	36.54%
EBITDA	34,593	34,074	30,448	29,420	28,418
EBITDA Margin	62.26%	62.88%	60.40%	60.51%	60.46%
D&A For Ebitda	7,703	8,057	8,137	8,171	8,228
EBIT	26,890	26,017	22,312	21,249	20,190
EBIT Margin	48.40%	48.01%	44.26%	43.70%	42.95%
Funds From Operations (FFO)	-	15,060	28,135	26,124	24,663
Adjusted Funds From Operations (AFFO)	-	-	28,135	26,124	24,663
FFO Payout Ratio	-	144.01%	70.17%	74.14%	79.67%
Effective Tax Rate	0.01%	0.00%	0.01%	0.01%	0.01%
Revenue as Reported	55,561	25,982	50,409	48,618	47,006

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