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Daiwa House REIT, 11% Increase in Ordinary Profit, Update Record High for Second Consecutive Term

Wed Apr 16, 2025 3:30 pm JST Earnings

8984 Daiwa House REIT Investment

Earnings Report

Daiwa House REIT Investment <8984> [TSE REIT] announced its financial results after the market closed on April 16th (15:30). The ordinary profit for the fiscal year ending February 2025 expanded 30.9% from the previous period to 13.1 billion yen. In the fiscal year ending August 2025, the profit is expected to grow by 10.6% to 14.5 billion yen, marking the second consecutive term of record-high profits.

At the same time, the company increased the distribution for the previous term from 7000 yen to 7078 yen (compared to 5804 yen in the prior term), and plans to set the distribution for the current term at 6200 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 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 32,412 15,022 13,166 13,165 5,725.0 7,078 Apr 16, 2025 J-GAAP
YoY +0.5% +26.0% +30.9% +30.9% +31.7%

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 32,463 14,864 12,982 12,981 5,655.6 7,000 Jan 28, 2025 J-GAAP
Feb, 2025 Results 32,412 15,022 13,166 13,165 5,725.0 7,078 Apr 16, 2025 J-GAAP
Revision Rate -0.2% +1.1% +1.4% +1.4% +1.2%

Current Period Guidance

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug, 2024 32,253 11,923 10,056 10,055 4,346.0 5,804 Oct 17, 2024 J-GAAP
Feb, 2025 32,412 15,022 13,166 13,165 5,725.0 7,078 Apr 16, 2025 J-GAAP
Aug, 2025 Guidance 33,575 16,534 14,562 14,561 6,344.0 6,200 Apr 16, 2025 J-GAAP
YoY +3.6% +10.1% +10.6% +10.6% +10.8%

Quarterly Results

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