Tokaido REIT, The Current Fiscal Year Ordinary Profit Revised Downward by 1%, Distribution Revised down by 50 yen

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Tue Jan 14, 2025 4:45 pm JST Revision

2989 Tokaido REIT,Inc.

Guidance Update Report

Tokaido REIT,Inc. <2989> [TSE REIT] announced a revision to its performance and dividend after the market closed on January 14th (16:45). The ordinary profit for the fiscal year ending January 2025 has decreased 1.5%, from the previous forecast of 942 million yen to 928 million yen (compared to 915 million yen in the previous period), leading to a reduction in the profit growth rate from 3.0% to 1.4%.

Due to a decline in performance, the company has reduced its planned distribution for the current fiscal year from the original plan of 3380 yen to 3330 yen (compared to 3284 yen in the previous period).

Kabutan News

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan, 2025 Prev	1,989	1,095	942	941	3,380.0	3,380	Sep 17, 2024	J-GAAP
Jan, 2025 New	2,009	1,091	928	927	3,329.7	3,330	Jan 14, 2025	J-GAAP
Revision Rate	+1.0%	-0.4%	-1.5%	-1.5%	-1.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan, 2024	1,640	949	813	812	3,351.0	3,351	Mar 15, 2024	J-GAAP
Jul, 2024	1,900	1,098	915	914	3,284.0	3,284	Sep 17, 2024	J-GAAP
Jan, 2025 Guidance	2,009	1,091	928	927	3,329.7	3,330	Jan 14, 2025	J-GAAP
YoY	+5.7%	-0.6%	+1.4%	+1.4%	+1.4%