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Financial Highlights

Nov. 30, 2025

Operating Revenue

(million yen)

Operating Expense

(million yen)

NOI

(million yen)

Operating Income

(million yen)

Net Income

(million yen)

Distributions per Unit

(yen)
  24th 25th 26th 27th 28th
Operating Revenue (million yen) 17,344 15,910 15,708 15,881 16,538
of which Real Estate Rental Revenues (million yen) 13,951 14,395 14,411 14,820 14,943
Operating Expense (million yen) 7,755 7,498 7,905 7,853 7,981
of which Real Estate Rental Expenses (million yen) 6,359 6,160 6,658 6,587 6,655
NOI (Note 1) (million yen) 10,238 10,802 10,618 10,904 11,471
Operating Income (million yen) 9,588 8,411 7,802 8,028 8,557
Ordinary Income (million yen) 8,622 7,417 6,746 6,915 7,395
Net Income (million yen) 8,621 7,416 6,745 6,914 7,394
Cash Distributions per Unit (Note 2) (yen) 3,203 3,121 3,100 2,910 3,113
Total Assets (million yen) 568,922 561,792 560,210 560,097 561,233
Net Assets (million yen) 274,803 268,462 267,784 267,332 267,810
Equity Ratio (Note 3) (%) 48.3 47.8 47.8 47.7 47.7
Net Assets per Unit (Note 2) (yen) 113,445 112,974 112,688 112,498 112,699
(Note 1)NOI (Net Operating Income) = Real Estate Rental Revenues - Real Estate Rental Expenses + Depreciation + loss on retirement of noncurrent assets
(Note 2)API implemented a three-for-one split of the investment units as of June 1, 2025. The results of the cash distribution per unit and net assets per unit are shown at taking this split into account. In addition, the figures are rounded down.
(Note 3)Equity Ratio = Net Assets at the end of the period / Total Assets at the end of the period × 100

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