Frontier Real Estate, 11% Decrease in Ordinary Profit for The Current Fiscal Year

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Mon Feb 17, 2025 4:00 pm JST Earnings

8964 Frontier Real Estate Investment

Earnings Report

Frontier Real Estate Investment <8964> [TSE REIT] announced its financial results after the market closed on February 17th (16:00). The ordinary profit for the fiscal year ending December 2024 was 1.1% from the previous period to 6.5 billion yen. However, for the fiscal year ending June 2025, the profit is expected to decrease by 11.0% from the previous period to 5.79 billion yen.

At the same time, the company increased the distribution for the previous term from 10930 yen to 11000 yen (compared to 11030 yen in the prior term), and plans to set the distribution for the current term at 2200 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
Dec, 2023	11,032	6,010	5,704	5,703	2,108.4	2,109.80	Feb 15, 2024	J-GAAP
Jun, 2024	12,162	6,785	6,431	6,430	2,377.2	2,206	Aug 15, 2024	J-GAAP
Dec, 2024	12,288	6,879	6,502	6,501	2,403.0	2,200	Feb 17, 2025	J-GAAP
YoY	+1.0%	+1.4%	+1.1%	+1.1%	+1.1%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Guidance	12,268	6,832	6,448	6,447	2,383.4	2,186	Aug 15, 2024	J-GAAP
Dec, 2024 Results	12,288	6,879	6,502	6,501	2,403.0	2,200	Feb 17, 2025	J-GAAP
Revision Rate	+0.2%	+0.7%	+0.8%	+0.8%	+0.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun, 2024	12,162	6,785	6,431	6,430	2,377.2	2,206	Aug 15, 2024	J-GAAP
Dec, 2024	12,288	6,879	6,502	6,501	2,403.0	2,200	Feb 17, 2025	J-GAAP
Jun, 2025 Guidance	11,685	6,219	5,790	5,789	2,140.1	2,200	Feb 17, 2025	J-GAAP
YoY	-4.9%	-9.6%	-11.0%	-11.0%	-10.9%

Quarterly Results