Japan Hotel REIT, 30% Increase in Ordinary Profit, Update Record High for Second Consecutive Term, Increased Previous Year's Distribution by 47 yen, This Fiscal Year to Increase distribution by 524 yen

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Tue Feb 25, 2025 3:30 pm JST Earnings

8985 Japan Hotel REIT Investment

Earnings Report

Japan Hotel REIT Investment <8985> [TSE REIT] announced its financial results after the market closed on February 25th (15:30). The ordinary profit for the fiscal year ending December 2024 increased 39.1% from the previous period to 18.2 billion yen. In the fiscal year ending December 2025, the profit is expected to expand to 30.3% to 23.8 billion yen, marking the second consecutive term of record-high profits. This will be the fourth consecutive term of revenue and profit growth.

At the same time, the company increased the distribution for the previous term from 3890 yen to 3937 yen (compared to 3015 yen in the prior term), and has decided to increase the distribution this fiscal year to 4461 yen, an increase of 524 yen from the previous fiscal year.

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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, 2022	14,912	4,296	2,672	2,671	598.0	682	Feb 22, 2023	J-GAAP
Dec, 2023	26,574	15,014	13,135	13,134	2,909.0	3,015	Feb 21, 2024	J-GAAP
Dec, 2024	33,481	20,779	18,273	18,272	3,755.0	3,937	Feb 25, 2025	J-GAAP
YoY	+26.0%	+38.4%	+39.1%	+39.1%	+29.1%

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	33,317	20,557	18,033	18,032	3,537.8	3,890	Jan 10, 2025	J-GAAP
Dec, 2024 Results	33,481	20,779	18,273	18,272	3,755.0	3,937	Feb 25, 2025	J-GAAP
Revision Rate	+0.5%	+1.1%	+1.3%	+1.3%	+6.1%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2024	14,362	8,498	7,434	7,433	1,603.0	－	Aug 22, 2024	J-GAAP
Jan - Jun, 2025 Guidance	19,756	12,793	10,626	11,017	2,161.5	－	Feb 25, 2025	J-GAAP
YoY	+37.6%	+50.5%	+42.9%	+48.2%	+34.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023	26,574	15,014	13,135	13,134	2,909.0	3,015	Feb 21, 2024	J-GAAP
Dec, 2024	33,481	20,779	18,273	18,272	3,755.0	3,937	Feb 25, 2025	J-GAAP
Dec, 2025 Guidance	42,732	28,205	23,806	24,195	4,746.9	4,461	Feb 25, 2025	J-GAAP
YoY	+27.6%	+35.7%	+30.3%	+32.4%	+26.4%

Quarterly Results