Mitsubishi Estate Logistics REIT, 22% Decrease in Ordinary Profit for The Current Fiscal Year

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Thu Apr 17, 2025 3:30 pm JST Earnings

3481 Mitsubishi Estate Logistics REIT Investment Corporation

Earnings Report

Mitsubishi Estate Logistics REIT Investment Corporation <3481> [TSE REIT] announced its financial results after the market closed on April 17th (15:30). The ordinary profit for the fiscal year ending February 2025 decreased 0.8% from the previous period to 4.79 billion yen. In the fiscal year ending August 2025, the profit is expected to decrease by 21.6% from the previous period to 3.75 billion yen.

At the same time, the company increased the distribution for the previous term from 9441 yen to 9521 yen (compared to 9602 yen in the prior term), and plans to set the distribution for the current term at 2764 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	7,746	4,034	3,719	3,718	2,462.0	2,694.33	Apr 15, 2024	J-GAAP
Aug, 2024	9,168	5,165	4,835	4,834	3,200.7	3,200.67	Oct 17, 2024	J-GAAP
Feb, 2025	9,108	5,133	4,794	4,793	3,173.0	3,173.67	Apr 17, 2025	J-GAAP
YoY	-0.7%	-0.6%	-0.8%	-0.8%	-0.9%

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	9,103	5,105	4,754	4,753	3,146.7	3,147	Oct 17, 2024	J-GAAP
Feb, 2025 Results	9,108	5,133	4,794	4,793	3,173.0	3,173.67	Apr 17, 2025	J-GAAP
Revision Rate	+0.1%	+0.5%	+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
Aug, 2024	9,168	5,165	4,835	4,834	3,200.7	3,200.67	Oct 17, 2024	J-GAAP
Feb, 2025	9,108	5,133	4,794	4,793	3,173.0	3,173.67	Apr 17, 2025	J-GAAP
Aug, 2025 Guidance	8,011	4,178	3,758	3,757	2,516.7	2,764	Apr 17, 2025	J-GAAP
YoY	-12.0%	-18.6%	-21.6%	-21.6%	-20.7%

Quarterly Results