MORI TRUST REIT,Inc., 1% Decrease in Ordinary Profit for The Current Fiscal Year

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Wed Oct 23, 2024 3:30 pm JST Earnings

8961 MORI TRUST REIT,Inc.

Earnings Report

MORI TRUST REIT,Inc. <8961> [TSE-REIT] announced its financial results after the market closed on October 23rd (15:30). ordinary profit for the fiscal year ending August 2024 decreased by 6.4% from the previous period to 6.79 billion yen. For the fiscal year ending February 2025, the profit is expected to decrease by 1.5% from the previous period to 6.69 billion yen.

At the same time, the company increased the distribution for the previous term from 1679 yen to 1757 yen (compared to 1835 yen in the prior term), and plans to set the distribution for the current term at 1740 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	11,812	7,188	6,535	7,157	2,010.0	1,700	Oct 20, 2023	J-GAAP
Feb, 2024	12,080	7,937	7,257	7,247	2,035.0	1,835	Apr 22, 2024	J-GAAP
Aug, 2024	11,746	7,503	6,795	6,785	1,906.0	1,757	Oct 23, 2024	J-GAAP
YoY	-2.8%	-5.5%	-6.4%	-6.4%	-6.3%

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	11,552	7,198	6,438	6,427	1,805.3	1,679	Apr 22, 2024	J-GAAP
Aug, 2024 Results	11,746	7,503	6,795	6,785	1,906.0	1,757	Oct 23, 2024	J-GAAP
Revision Rate	+1.7%	+4.2%	+5.5%	+5.6%	+5.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2024	12,080	7,937	7,257	7,247	2,035.0	1,835	Apr 22, 2024	J-GAAP
Aug, 2024	11,746	7,503	6,795	6,785	1,906.0	1,757	Oct 23, 2024	J-GAAP
Feb, 2025 Guidance	11,808	7,523	6,695	6,684	1,877.5	1,740	Oct 23, 2024	J-GAAP
YoY	+0.5%	+0.3%	-1.5%	-1.5%	-1.5%

Quarterly Results