GLP J-REIT, 11% Increase in Ordinary Profit, Record High for The First Time in Three Years

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Tue Oct 15, 2024 4:30 pm JST Earnings

3281 GLP J-REIT

Earnings Report

GLP J-REIT <3281> [TSE-REIT] announced its financial results after the market closed on October 15th (16:30). ordinary profit for the fiscal year ending August 2024 increased by 9.3% from the previous period to 13.1 billion yen. For the fiscal year ending February 2025, the profit is expected to grow by 11.2% to 14.5 billion yenExpected to reach record high profits for the first time in three years.

At the same time, the company increased the distribution for the previous term from 3115 yen to 3158 yen (compared to 2760 yen in the prior term), and plans to set the distribution for the current term at 3308 yen.

Kabutan News

Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug, 2023	27,954	15,325	13,790	14,035	2,907.0	3,224	Oct 13, 2023	J-GAAP
Feb, 2024	25,824	13,577	11,995	12,704	2,584.0	2,760	Apr 15, 2024	J-GAAP
Aug, 2024	27,448	14,754	13,112	14,003	2,859.0	3,158	Oct 15, 2024	J-GAAP
YoY	+6.3%	+8.7%	+9.3%	+10.2%	+10.6%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug, 2024 Guidance	27,358	14,540	12,890	13,786	2,814.8	3,115	Aug 5, 2024	J-GAAP
Aug, 2024 Results	27,448	14,754	13,112	14,003	2,859.0	3,158	Oct 15, 2024	J-GAAP
Revision Rate	+0.3%	+1.5%	+1.7%	+1.6%	+1.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2024	25,824	13,577	11,995	12,704	2,584.0	2,760	Apr 15, 2024	J-GAAP
Aug, 2024	27,448	14,754	13,112	14,003	2,859.0	3,158	Oct 15, 2024	J-GAAP
Feb, 2025 Guidance	28,889	16,283	14,586	14,772	3,079.0	3,308	Oct 15, 2024	J-GAAP
YoY	+5.2%	+10.4%	+11.2%	+5.5%	+7.7%

Quarterly Results