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GLP J-REIT, 6% Decrease in Ordinary Profit for The Current Fiscal Year

Mon Apr 14, 2025 3:30 pm JST Earnings

3281 GLP J-REIT

Earnings Report

GLP J-REIT <3281> [TSE REIT] announced its financial results after the market closed on April 14th (15:30). The ordinary profit for the fiscal year ending February 2025 increased 13.3% from the previous period to 14.8 billion yen. However, for the fiscal year ending August 2025, the profit is expected to decrease by 5.8% from the previous period to 14 billion yen.

At the same time, the company increased the distribution for the previous term from 3308 yen to 3434 yen (compared to 3158 yen in the prior term), and plans to set the distribution for the current term at 3255 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
Feb, 2024 25,824 13,577 11,995 12,704 2,584.0 2,760 Apr 15, 2024 J-GAAP
Aug, 2024 27,448 14,754 13,112 14,003 2,859.0 3,158 Oct 15, 2024 J-GAAP
Feb, 2025 29,077 16,527 14,857 15,045 3,105.0 3,434 Apr 14, 2025 J-GAAP
YoY +5.9% +12.0% +13.3% +7.4% +8.6%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2025 Guidance 28,889 16,283 14,586 14,772 3,079.0 3,308 Oct 15, 2024 J-GAAP
Feb, 2025 Results 29,077 16,527 14,857 15,045 3,105.0 3,434 Apr 14, 2025 J-GAAP
Revision Rate +0.7% +1.5% +1.9% +1.8% +0.8%

Current Period Guidance

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug, 2024 27,448 14,754 13,112 14,003 2,859.0 3,158 Oct 15, 2024 J-GAAP
Feb, 2025 29,077 16,527 14,857 15,045 3,105.0 3,434 Apr 14, 2025 J-GAAP
Aug, 2025 Guidance 28,625 15,839 14,001 14,196 2,958.9 3,255 Apr 14, 2025 J-GAAP
YoY -1.6% -4.2% -5.8% -5.6% -4.7%

Quarterly Results

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