MORI TRUST REIT Income Statement

Financials in millions JPY. Fiscal year is March - February.

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Feb '26 Feb 28, 2026	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Mar '22 Mar 31, 2022
Rental Revenue	23,254	22,261	21,075	13,888	14,845
Gain (Loss) on Sale of Assets (Rev)	-	655	1,380	-	-
Other Revenue	-	0	-	-	-
Total Revenue	23,254	22,916	22,455	13,888	14,845
Revenue Growth (YoY	1.47%	2.05%	61.69%	-6.45%	-16.00%
Property Expenses	8,118	8,112	8,115	6,954	6,868
Selling, General & Administrative	120.96	122.16	140.21	111.84	111.43
Other Operating Expenses	116.81	164.63	245.14	148.29	145.14
Total Operating Expenses	8,387	8,414	8,516	7,215	7,125
Operating Income	14,867	14,502	13,938	6,673	7,720
Interest Expense	-1,752	-1,513	-1,306	-769.58	-714.63
Interest & Investment Income	57.01	17.46	0.18	0.2	0.32
Other Non-Operating Income	-37.21	-19.5	-27.83	-6.3	-0.92
EBT Excluding Unusual Items	13,135	12,987	12,605	5,898	7,005
Merger & Restructuring Charges	-	-	-250	-66.94	-
Gain (Loss) on Sale of Assets	-	650.9	1,437	1,561	2,886
Total Insurance Settlements	20.24	6.43	-	-	-
Other Unusual Items	1.58	19.6	-	-	-
Pretax Income	13,157	13,664	13,792	7,391	9,891
Income Tax Expense	20.9	18.79	-613.01	-185.54	311.78
Net Income	13,136	13,645	14,405	7,577	9,579
Net Income to Common	13,136	13,645	14,405	7,577	9,579
Net Income Growth	-3.73%	-5.27%	90.12%	-20.90%	-5.85%
Basic Shares Outstanding	4	4	4	3	3
Diluted Shares Outstanding	4	4	4	3	3
Shares Change (YoY)	-	-	34.85%	-	-
EPS (Basic)	3689.84	3832.82	4046.27	2869.98	3628.34
EPS (Diluted)	3689.84	3832.82	4046.27	2869.98	3628.34
EPS Growth	-3.73%	-5.27%	40.99%	-20.90%	-5.85%
Dividend Per Share	3691.000	-	-	6049.090	3372.500
Dividend Growth	-	-	-	79.36%	-12.48%
Operating Margin	63.93%	63.28%	62.07%	48.05%	52.00%
Profit Margin	56.49%	59.54%	64.15%	54.56%	64.53%
EBITDA	16,928	16,536	15,954	8,888	9,960
EBITDA Margin	72.80%	72.16%	71.05%	64.00%	67.09%
D&A For Ebitda	2,061	2,034	2,015	2,215	2,240
EBIT	14,867	14,502	13,938	6,673	7,720
EBIT Margin	63.93%	63.28%	62.07%	48.05%	52.00%
Funds From Operations (FFO)	15,164	-	-	-	-
Adjusted Funds From Operations (AFFO)	15,164	-	-	-	-
FFO Payout Ratio	85.50%	-	-	-	-
Effective Tax Rate	0.16%	0.14%	-	-	3.15%
Revenue as Reported	23,254	11,747	11,812	15,448	17,731

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