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Financial Highlights

May 31, 2024

Operating Revenue

(million yen)

Operating Expense

(million yen)

NOI

(million yen)

Operating Income

(million yen)

Net Income

(million yen)

Distributions per Unit

(yen)
  21st 22nd 23rd 24th 25th
Operating Revenue (million yen) 15,512 16,178 17,482 17,344 15,910
of which Real Estate Rental Revenues (million yen) 14,490 13,693 13,969 13,951 14,395
Operating Expense (million yen) 6,887 7,257 7,656 7,755 7,498
of which Real Estate Rental Expenses (million yen) 5,558 5,896 6,197 6,359 6,160
NOI (Note 1) (million yen) 11,323 10,690 10,369 10,238 10,802
Operating Income (million yen) 8,624 8,920 9,826 9,588 8,411
Ordinary Income (million yen) 7,734 7,997 8,859 8,622 7,417
Net Income (million yen) 7,731 7,844 8,843 8,621 7,416
Cash Distributions per Unit (Note 2) (yen) 9,510 9,300 9,875 9,611 9,365
Total Assets (million yen) 562,272 561,682 567,177 568,922 561,792
Net Assets (million yen) 274,768 274,906 274,155 274,803 268,462
Equity Ratio (Note 3) (%) 48.9 48.9 48.3 48.3 47.8
Net Assets per Unit (yen) 338,149 338,319 339,534 340,336 338,922
(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 two-for-one split of the investment units as of October 1, 2015.
(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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