Mitsubishi Estate Logistics REIT Investment Corporation (TYO:3481)

TYO:3481 Income Statement

Financials in millions JPY. Fiscal year is September - August.

Fiscal Year	FY 2024	FY 2024	FY 2023	FY 2023	FY 2023
Period Ending	Aug 31, 2024	Feb 29, 2024	Aug 31, 2023	Feb 28, 2023	Aug 31, 2023
Rental Revenue	15,546	15,492	15,020	13,426	15,020
Gain (Loss) on Sale of Assets (Rev)	2,790	-	-	-	-
Total Revenue	18,336	15,492	15,020	13,426	15,020
Revenue Growth (YoY	18.36%	3.14%	11.87%	-10.61%	11.87%
Property Expenses	7,462	6,948	6,954	5,832	6,954
Selling, General & Administrative	58	54	54	183.37	54
Other Operating Expenses	484	420	412	247.37	412
Total Operating Expenses	8,004	7,422	7,420	6,263	7,420
Operating Income	10,332	8,070	7,600	7,163	7,600
Interest Expense	-662	-630	-584	-418.29	-584
Interest & Investment Income	2	-	0.54	0.06	0.54
Other Non-Operating Income	-4	-4	-4	-168.99	-4
EBT Excluding Unusual Items	9,668	7,436	7,012	6,576	7,012
Other Unusual Items	-	-	-	-163	-
Pretax Income	9,668	7,436	7,012	6,413	7,012
Income Tax Expense	-	-	0.98	0.85	0.98
Net Income	9,668	7,436	7,012	6,412	7,012
Net Income to Common	9,668	7,436	7,012	6,412	7,012
Net Income Growth	30.02%	6.05%	9.36%	-8.56%	9.36%
Basic Shares Outstanding	2	2	2	1	2
Diluted Shares Outstanding	2	2	2	1	2
Shares Change (YoY)	-	-	7.50%	-6.98%	7.50%
EPS (Basic)	6400.72	4923.02	4642.31	4563.35	4642.31
EPS (Diluted)	6400.72	4923.02	4642.31	4563.35	4642.31
EPS Growth	30.02%	6.05%	1.73%	-1.70%	1.73%
Operating Margin	56.35%	52.09%	50.60%	53.35%	50.60%
Profit Margin	52.73%	48.00%	46.68%	47.76%	46.68%
Free Cash Flow Margin	116.97%	58.99%	91.46%	59.36%	91.46%
EBITDA	13,062	10,788	10,234	9,505	10,234
EBITDA Margin	71.24%	69.64%	68.14%	70.80%	68.14%
D&A For Ebitda	2,730	2,718	2,634	2,342	2,634
EBIT	10,332	8,070	7,600	7,163	7,600
EBIT Margin	56.35%	52.09%	50.60%	53.35%	50.60%
Effective Tax Rate	-	-	0.01%	0.01%	0.01%
Revenue as Reported	-	-	7,150	6,277	7,150

Source: S&P Capital IQ. Real Estate template. Financial Sources.