Comforia Residential REIT, 4% Decrease in Ordinary Profit for The Current Fiscal Year

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Tue Sep 17, 2024 3:30 pm JST Earnings

3282 Comforia Residential REIT

Earnings Report

Comforia Residential REIT <3282> [TSE-REIT] announced its financial results after the market closed on September 17th (15:30). ordinary profit for the fiscal year ending July 2024 increased by 9.5% from the previous period to 4.58 billion yen. However, for the fiscal year ending January 2025, the profit is expected to decrease by 3.6% from the previous period to 4.41 billion yen.

At the same time, the company increased the distribution for the previous term from 5660 yen to 5714 yen (compared to 5650 yen in the prior term), and plans to set the distribution for the current term at 5750 yen.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul, 2023	10,680	4,846	4,147	4,138	5,615.0	5,620	Sep 15, 2023	J-GAAP
Jan, 2024	10,664	4,915	4,182	4,173	5,520.0	5,650	Mar 15, 2024	J-GAAP
Jul, 2024	11,389	5,332	4,581	4,572	6,032.0	5,714	Sep 17, 2024	J-GAAP
YoY	+6.8%	+8.5%	+9.5%	+9.6%	+9.3%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul, 2024 Guidance	10,911	4,933	4,185	4,175	5,509.1	5,660	Mar 15, 2024	J-GAAP
Jul, 2024 Results	11,389	5,332	4,581	4,572	6,032.0	5,714	Sep 17, 2024	J-GAAP
Revision Rate	+4.4%	+8.1%	+9.5%	+9.5%	+9.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan, 2024	10,664	4,915	4,182	4,173	5,520.0	5,650	Mar 15, 2024	J-GAAP
Jul, 2024	11,389	5,332	4,581	4,572	6,032.0	5,714	Sep 17, 2024	J-GAAP
Jan, 2025 Guidance	11,308	5,214	4,414	4,405	5,645.0	5,750	Sep 17, 2024	J-GAAP
YoY	-0.7%	-2.2%	-3.6%	-3.7%	-6.4%

Quarterly Results