Japan Real Estate Investment Corporation (TYO:8952)

TYO:8952 Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Rental Revenue	71,966	70,833	67,969	68,834	69,022	68,712
Gain (Loss) on Sale of Assets (Rev)	13,265	13,162	7,518	4,684	2,546	2,186
Other Revenue	229.9	-	401.7	235.88	178.72	53.26
Total Revenue	85,461	83,995	75,889	73,754	71,746	70,951
Revenue Growth (YoY	6.87%	10.68%	2.90%	2.80%	1.12%	4.30%
Property Expenses	45,302	42,163	40,170	38,262	36,281	36,435
Selling, General & Administrative	-1,640	389	498.33	492.59	452.46	433.96
Other Operating Expenses	368.07	484	130.52	-150.26	139.6	229.23
Total Operating Expenses	44,030	43,036	40,799	38,604	36,873	37,099
Operating Income	41,431	40,959	35,090	35,150	34,873	33,852
Interest Expense	-3,306	-2,077	-1,743	-1,729	-1,840	-1,951
Interest & Investment Income	30.07	3	10.28	9.63	0.14	0.15
Other Non-Operating Income	1,023	-52	-101.53	15.29	-50.2	30.31
EBT Excluding Unusual Items	39,178	38,833	33,256	33,445	32,983	31,932
Other Unusual Items	4.17	-	3.69	2.71	1.5	1.48
Pretax Income	39,182	38,833	33,259	33,448	32,985	31,933
Income Tax Expense	1,477	1,357	22.82	611.78	558.83	579.74
Net Income	37,705	37,476	33,236	32,836	32,426	31,353
Net Income to Common	37,705	37,476	33,236	32,836	32,426	31,353
Net Income Growth	5.58%	12.76%	1.22%	1.26%	3.42%	10.49%
Basic Shares Outstanding	7	7	7	7	7	7
Diluted Shares Outstanding	7	7	7	7	7	7
Shares Change (YoY)	0.06%	1.40%	1.30%	-	-	-
EPS (Basic)	5299.85	5267.69	4737.03	4740.94	4681.71	4526.86
EPS (Diluted)	5299.85	5267.69	4737.03	4740.94	4681.71	4526.86
EPS Growth	5.53%	11.20%	-0.08%	1.26%	3.42%	10.49%
Dividend Per Share	4956.800	-	4733.400	4580.000	-	-
Dividend Growth	106.53%	-	3.35%	-	-	-
Operating Margin	48.48%	48.76%	46.24%	47.66%	48.61%	47.71%
Profit Margin	44.12%	44.62%	43.80%	44.52%	45.20%	44.19%
EBITDA	53,731	53,399	47,550	47,752	47,681	46,906
EBITDA Margin	62.87%	63.57%	62.66%	64.74%	66.46%	66.11%
D&A For Ebitda	12,300	12,440	12,460	12,602	12,808	13,053
EBIT	41,431	40,959	35,090	35,150	34,873	33,852
EBIT Margin	48.48%	48.76%	46.24%	47.66%	48.61%	47.71%
Funds From Operations (FFO)	36,684	-	38,177	40,753	22,089	19,986
Adjusted Funds From Operations (AFFO)	-	-	38,177	40,753	-	-
FFO Payout Ratio	-	-	84.05%	77.34%	70.62%	70.67%
Effective Tax Rate	3.77%	3.49%	0.07%	1.83%	1.69%	1.81%
Revenue as Reported	85,490	-	75,973	74,108	34,944	35,996

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.