Mitsubishi Estate Logistics REIT Investment Corporation, 2% Decrease in Ordinary Profit for The Current Fiscal Year

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Thu Oct 17, 2024 3:00 pm JST Earnings

3481 Mitsubishi Estate Logistics REIT Investment Corporation

Earnings Report

Mitsubishi Estate Logistics REIT Investment Corporation <3481> [TSE-REIT] announced its financial results after the market closed on October 17th (15:00). ordinary profit for the fiscal year ending August 2024 expanded to 30.0% from the previous period to 4.83 billion yen. However, for the fiscal year ending February 2025, the profit is expected to decrease by 1.7% from the previous period to 4.75 billion yen.

At the same time, the company increased the distribution for the previous term from 9382 yen to 9602 yen (compared to 8083 yen in the prior term), and plans to set the distribution for the current term at 9441 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
Aug, 2023	7,510	3,800	3,507	3,506	6,965.0	7,832	Oct 18, 2023	J-GAAP
Feb, 2024	7,746	4,034	3,719	3,718	7,386.0	8,083	Apr 15, 2024	J-GAAP
Aug, 2024	9,168	5,165	4,835	4,834	9,602.0	9,602	Oct 17, 2024	J-GAAP
YoY	+18.4%	+28.0%	+30.0%	+30.0%	+30.0%

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	9,125	5,108	4,725	4,724	9,382.6	9,382	Apr 15, 2024	J-GAAP
Aug, 2024 Results	9,168	5,165	4,835	4,834	9,602.0	9,602	Oct 17, 2024	J-GAAP
Revision Rate	+0.5%	+1.1%	+2.3%	+2.3%	+2.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2024	7,746	4,034	3,719	3,718	7,386.0	8,083	Apr 15, 2024	J-GAAP
Aug, 2024	9,168	5,165	4,835	4,834	9,602.0	9,602	Oct 17, 2024	J-GAAP
Feb, 2025 Guidance	9,103	5,105	4,754	4,753	9,440.2	9,441	Oct 17, 2024	J-GAAP
YoY	-0.7%	-1.2%	-1.7%	-1.7%	-1.7%

Quarterly Results