Advance Residence Investment, 8% Decrease in Ordinary Profit for The Current Fiscal Year

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Tue Sep 17, 2024 4:30 pm JST Earnings

3269 Advance Residence Investment

Earnings Report

Advance Residence Investment <3269> [TSE-REIT] announced its financial results after the market closed on September 17th (16:30). ordinary profit for the fiscal year ending July 2024 decreased by 2.5% from the previous period to 7.83 billion yen. For the fiscal year ending January 2025, the profit is expected to decrease by 7.7% from the previous period to 7.23 billion yen.

At the same time, the company increased the distribution for the previous term from 5905 yen to 5925 yen (compared to 5900 yen in the prior term), and plans to set the distribution for the current term at 5930 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	18,523	8,800	7,939	7,939	5,732.0	5,850	Sep 12, 2023	J-GAAP
Jan, 2024	18,689	8,925	8,029	8,029	5,662.0	5,900	Mar 14, 2024	J-GAAP
Jul, 2024	18,694	8,729	7,831	7,830	5,464.0	5,925	Sep 17, 2024	J-GAAP
YoY	+0.0%	-2.2%	-2.5%	-2.5%	-3.5%

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	18,685	8,608	7,695	7,695	5,369.9	5,905	Mar 14, 2024	J-GAAP
Jul, 2024 Results	18,694	8,729	7,831	7,830	5,464.0	5,925	Sep 17, 2024	J-GAAP
Revision Rate	+0.0%	+1.4%	+1.8%	+1.8%	+1.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan, 2024	18,689	8,925	8,029	8,029	5,662.0	5,900	Mar 14, 2024	J-GAAP
Jul, 2024	18,694	8,729	7,831	7,830	5,464.0	5,925	Sep 17, 2024	J-GAAP
Jan, 2025 Guidance	18,279	8,187	7,231	7,231	5,046.1	5,930	Sep 17, 2024	J-GAAP
YoY	-2.2%	-6.2%	-7.7%	-7.7%	-7.6%

Quarterly Results