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

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

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

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