MORI TRUST REIT Balance Sheet

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

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '25 Aug 31, 2025	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Property, Plant & Equipment	442,414	442,001	450,302	304,898	306,986	305,544
Cash & Equivalents	22,779	27,476	20,918	14,729	14,681	21,461
Accounts Receivable	170.44	139	136	97.51	41.86	48.28
Other Receivables	-	-	-	0.03	1.33	2.84
Other Intangible Assets	1.67	-	-	0.24	0.24	0.24
Restricted Cash	5,279	4,937	4,811	2,414	3,197	3,119
Other Current Assets	104.37	122	122	120.55	57.21	41.8
Deferred Long-Term Charges	49.53	-	-	68.95	55.4	57.92
Other Long-Term Assets	88.69	57	75	70.72	51.79	26.01
Total Assets	471,439	474,732	476,364	322,399	325,072	330,301
Current Portion of Long-Term Debt	32,500	34,000	44,500	18,000	29,500	29,500
Long-Term Debt	171,000	172,500	171,000	128,500	118,500	117,500
Accounts Payable	874.99	865	1,125	220.29	242.06	363.72
Accrued Expenses	841.6	549	595	506.12	537.83	643.83
Current Income Taxes Payable	6.31	-	-	0.72	0.88	0.96
Current Unearned Revenue	1,467	-	-	814.81	913.27	1,010
Other Current Liabilities	287.53	1,478	1,423	357.7	118.53	201.84
Long-Term Deferred Tax Liabilities	-	-	-	631.73	803.42	493.16
Other Long-Term Liabilities	12,915	13,027	13,266	8,642	8,498	10,407
Total Liabilities	236,892	240,419	242,909	163,673	165,114	170,121
Common Stock	153,990	153,990	153,990	153,990	153,990	153,990
Additional Paid-In Capital	69,736	69,736	69,736	-	-	-
Retained Earnings	10,821	10,587	9,729	4,736	5,968	6,190
Comprehensive Income & Other	0	-	-	-	0	0
Shareholders' Equity	234,547	234,313	233,455	158,726	159,958	160,180
Total Liabilities & Equity	471,439	474,732	476,364	322,399	325,072	330,301
Total Debt	220,500	224,500	226,500	152,500	154,000	157,000
Net Cash (Debt)	-197,721	-197,024	-205,582	-137,771	-139,319	-135,539
Net Cash Per Share	-55539.49	-55343.82	-57747.75	-52185.82	-52772.41	-51340.56
Filing Date Shares Outstanding	3.56	3.56	3.56	2.64	2.64	2.64
Total Common Shares Outstanding	3.56	3.56	3.56	2.64	2.64	2.64
Book Value Per Share	65883.94	65818.26	65577.25	60123.40	60594.45	60674.25
Tangible Book Value	233,995	234,313	233,455	158,726	159,958	160,180
Tangible Book Value Per Share	65728.80	65818.26	65577.25	60123.31	60594.36	60674.16
Land	383,539	-	-	266,797	268,383	267,612
Buildings	94,635	-	-	70,729	69,514	69,588

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