Daiwa House REIT, The Current Fiscal Year Ordinary Profit Revised Upward by 0.2％, Exceeded Record Profit Forecast, Distribution Revised Upward by 700 yen

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Tue Jan 28, 2025 4:00 pm JST Revision

8984 Daiwa House REIT Investment

Guidance Update Report

Daiwa House REIT Investment <8984> [TSE REIT] announced a revision to its performance and dividend after the market closed on January 28th (16:00). The ordinary profit for the fiscal year ending February 2025 has been revised upward 0.2%, from the previous forecast of 12.9 billion yen to 12.9 billion yen (compared to 10 billion yen in the previous period), increasing the growth rate from 28.9% to 29.1%. The company has further increased its previous forecast of record profits for the first time in six years.

In light of the strong performance, the company has increased its planned distribution for the current fiscal year from the original plan of 6300 yen to 7000 yen (compared to 5804 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
Feb, 2025 Prev	32,271	14,850	12,960	12,960	5,646.5	6,300	Oct 17, 2024	J-GAAP
Feb, 2025 New	32,463	14,864	12,982	12,981	5,655.6	7,000	Jan 28, 2025	J-GAAP
Revision Rate	+0.6%	+0.1%	+0.2%	+0.2%	+0.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2024	29,643	12,138	10,378	10,378	4,473.0	5,711	Apr 16, 2024	J-GAAP
Aug, 2024	32,253	11,923	10,056	10,055	4,346.0	5,804	Oct 17, 2024	J-GAAP
Feb, 2025 Guidance	32,463	14,864	12,982	12,981	5,655.6	7,000	Jan 28, 2025	J-GAAP
YoY	+0.7%	+24.7%	+29.1%	+29.1%	+30.1%