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HEIWA REAL ESTATE REIT, 24% Decrease in Ordinary Profit for The Current Fiscal Year

Fri Jan 17, 2025 3:30 pm JST Earnings

8966 HEIWA REAL ESTATE REIT

Earnings Report

HEIWA REAL ESTATE REIT <8966> [TSE REIT] announced its financial results after the market closed on January 17th (15:30). The ordinary profit for the fiscal year ending November 2024 increased 4.1% from the previous period to 4.09 billion yen. However, for the fiscal year ending May 2025, the profit is expected to decrease by 24.3% from the previous period to 3.1 billion yen.

At the same time, the company increased the distribution for the previous term from 3440 yen to 3640 yen (compared to 3380 yen in the prior term), and plans to set the distribution for the current term at 3750 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 8,656 4,495 3,995 3,995 3,474.0 3,300 Jan 18, 2024 J-GAAP
May, 2024 8,735 4,483 3,939 3,938 3,424.0 3,380 Jul 17, 2024 J-GAAP
Nov, 2024 9,045 4,694 4,099 4,098 3,432.0 3,640 Jan 17, 2025 J-GAAP
YoY +3.5% +4.7% +4.1% +4.1% +0.2%

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 8,771 4,445 3,859 3,858 3,228.6 3,440 Jul 17, 2024 J-GAAP
Nov, 2024 Results 9,045 4,694 4,099 4,098 3,432.0 3,640 Jan 17, 2025 J-GAAP
Revision Rate +3.1% +5.6% +6.2% +6.2% +6.3%

Current Period Guidance

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May, 2024 8,735 4,483 3,939 3,938 3,424.0 3,380 Jul 17, 2024 J-GAAP
Nov, 2024 9,045 4,694 4,099 4,098 3,432.0 3,640 Jan 17, 2025 J-GAAP
May, 2025 Guidance 8,108 3,746 3,104 3,104 2,597.6 3,750 Jan 17, 2025 J-GAAP
YoY -10.4% -20.2% -24.3% -24.3% -24.3%

Quarterly Results

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