Japan Logistics Fund Income Statement

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

Millions JPY. Fiscal year is Feb - Jan.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '25 Jul 31, 2025	Jan '25 Jan 31, 2025	Jan '24 Jan 31, 2024	Jan '23 Jan 31, 2023	Jan '22 Jan 31, 2022	Jan '21 Jan 31, 2021
Rental Revenue	21,191	20,167	20,286	19,769	17,902	18,191
Gain (Loss) on Sale of Assets (Rev)	1,198	1,285	-	-	-	-
Other Revenue	-	-	-	-	468.43	5,894
Total Revenue	22,389	21,452	20,286	19,769	18,371	24,085
Revenue Growth (YoY	7.32%	5.75%	2.61%	7.61%	-23.72%	28.84%
Property Expenses	9,615	9,498	9,434	9,044	8,764	9,154
Selling, General & Administrative	142	141	141	141	89.21	111.18
Other Operating Expenses	246	213	171	168	129.62	101.61
Total Operating Expenses	10,003	9,852	9,746	9,353	8,982	9,366
Operating Income	12,386	11,600	10,540	10,416	9,388	14,719
Interest Expense	-872	-864	-861	-850	-729	-757.31
Interest & Investment Income	2	-	-	-	1.49	0.05
Other Non-Operating Income	-13	-12	-8	-7	-71.21	-35.18
EBT Excluding Unusual Items	11,503	10,724	9,671	9,559	8,590	13,926
Asset Writedown	-	-	-	-	-265.52	-52.54
Other Unusual Items	-	-	-	-42	-	-
Pretax Income	11,503	10,724	9,671	9,517	8,324	13,874
Income Tax Expense	-	-	-	1	1.93	0.84
Net Income	11,503	10,724	9,671	9,516	8,322	13,873
Net Income to Common	11,503	10,724	9,671	9,516	8,322	13,873
Net Income Growth	12.98%	10.89%	1.63%	14.35%	-40.01%	57.46%
Basic Shares Outstanding	2	2	3	3	3	3
Diluted Shares Outstanding	2	2	3	3	3	3
Shares Change (YoY)	-34.16%	-33.61%	0.13%	3.02%	-	-
EPS (Basic)	6248.89	5767.03	3452.97	3401.97	3064.98	5109.26
EPS (Diluted)	6248.89	5767.03	3452.97	3401.97	3064.98	5109.26
EPS Growth	71.60%	67.02%	1.50%	11.00%	-40.01%	57.46%
Dividend Per Share	-	-	-	-	3223.667	-
Operating Margin	55.32%	54.07%	51.96%	52.69%	51.11%	61.11%
Profit Margin	51.38%	49.99%	47.67%	48.14%	45.30%	57.60%
EBITDA	16,098	15,350	14,334	14,242	13,151	18,538
EBITDA Margin	71.90%	71.56%	70.66%	72.04%	71.59%	76.97%
D&A For Ebitda	3,712	3,750	3,794	3,826	3,763	3,819
EBIT	12,386	11,600	10,540	10,416	9,388	14,719
EBIT Margin	55.32%	54.07%	51.96%	52.69%	51.11%	61.11%
Funds From Operations (FFO)	-	-	-	-	12,348	-
Adjusted Funds From Operations (AFFO)	-	-	-	-	12,348	-
FFO Payout Ratio	-	-	-	-	70.38%	-
Effective Tax Rate	-	-	-	0.01%	0.02%	0.01%
Revenue as Reported	-	-	-	-	18,424	15,036

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