Nippon Prologis REIT, 21% Increase in Ordinary Profit, Record High for The First Time in Two Years

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Thu Jan 16, 2025 3:30 pm JST Earnings

3283 Nippon Prologis REIT

Earnings Report

Nippon Prologis REIT <3283> [TSE REIT] announced its financial results after the market closed on January 16th (15:30). The ordinary profit for the fiscal year ending November 2024 decreased 0.3% from the previous period to 12.4 billion yen. In the fiscal year ending May 2025, the profit is expected to expand to 20.7% to 15 billion yenExpected to reach record high profits for the first time in two years.

At the same time, the company increased the distribution for the previous term from 5114 yen to 5201 yen (compared to 5196 yen in the prior term), and plans to set the distribution for the current term at 5600 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
Nov, 2023	30,598	13,557	12,278	12,278	1,441.7	1,695	Jan 18, 2024	J-GAAP
May, 2024	30,376	13,712	12,519	12,590	1,478.0	1,732	Jul 18, 2024	J-GAAP
Nov, 2024	31,053	13,683	12,479	12,548	1,473.3	1,733.67	Jan 16, 2025	J-GAAP
YoY	+2.2%	-0.2%	-0.3%	-0.3%	-0.3%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Nov, 2024 Guidance	30,778	13,522	12,210	12,209	1,433.5	1,704.67	Jul 18, 2024	J-GAAP
Nov, 2024 Results	31,053	13,683	12,479	12,548	1,473.3	1,733.67	Jan 16, 2025	J-GAAP
Revision Rate	+0.9%	+1.2%	+2.2%	+2.8%	+2.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May, 2024	30,376	13,712	12,519	12,590	1,478.0	1,732	Jul 18, 2024	J-GAAP
Nov, 2024	31,053	13,683	12,479	12,548	1,473.3	1,733.67	Jan 16, 2025	J-GAAP
May, 2025 Guidance	34,309	16,551	15,056	15,055	1,818.1	1,866.67	Jan 16, 2025	J-GAAP
YoY	+10.5%	+21.0%	+20.7%	+20.0%	+23.4%

Quarterly Results