NTT UD REIT Investment Corporation (TYO:8956)

NTT UD REIT Investment Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Apr 30, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020
Rental Revenue	20,675	20,199	19,226	17,794	16,254	15,634
Gain (Loss) on Sale of Assets (Rev)	1,202	-	2,946	2,232	3,085	191.08
Other Revenue	2,770	2,640	1,868	2,170	1,844	1,887
Total Revenue	25,613	23,777	24,528	23,208	22,207	18,720
Revenue Growth (YoY	8.26%	-3.06%	5.68%	4.51%	18.62%	-2.60%
Property Expenses	14,281	13,498	13,042	12,151	11,016	9,849
Selling, General & Administrative	234.87	226.57	221.1	225.02	209.63	192.74
Other Operating Expenses	307.91	263.2	314.21	323.62	336.61	231.32
Total Operating Expenses	14,824	13,988	13,578	12,700	11,562	10,273
Operating Income	10,789	9,788	10,950	10,508	10,644	8,447
Interest Expense	-1,276	-1,155	-873.65	-853.98	-845.9	-785.58
Interest & Investment Income	11.32	1.97	0.1	0.22	0.18	0.16
Other Non-Operating Income	-45.01	-54.66	-24.62	-49.55	-27.71	-27.21
EBT Excluding Unusual Items	9,479	8,581	10,052	9,605	9,771	7,634
Gain (Loss) on Sale of Assets	-565.27	-	-	-15.2	-	-
Other Unusual Items	2.52	2.57	-2.89	1.93	2.56	1.81
Pretax Income	8,916	8,583	10,049	9,592	9,774	7,636
Income Tax Expense	3.85	5.18	2.6	3.13	3.23	3.39
Net Income	8,912	8,578	10,046	9,589	9,770	7,633
Net Income to Common	8,912	8,578	10,046	9,589	9,770	7,633
Net Income Growth	-3.77%	-14.62%	4.77%	-1.86%	28.01%	-4.09%
Basic Shares Outstanding	1	1	1	1	1	1
Diluted Shares Outstanding	1	1	1	1	1	1
Shares Change (YoY)	-0.23%	5.72%	0.02%	6.40%	-	-
EPS (Basic)	6029.77	5789.06	7167.52	6842.64	7418.65	5795.59
EPS (Diluted)	6029.77	5789.06	7167.52	6842.64	7418.65	5795.59
EPS Growth	-3.55%	-19.23%	4.75%	-7.76%	28.01%	-4.09%
Dividend Per Share	6043.000	5787.000	-	6841.000	7154.000	5795.000
Dividend Growth	-0.72%	-	-	-4.38%	23.45%	0.47%
Operating Margin	42.12%	41.17%	44.64%	45.28%	47.93%	45.12%
Profit Margin	34.80%	36.08%	40.96%	41.32%	44.00%	40.77%
EBITDA	14,294	13,194	14,098	13,693	13,688	11,337
EBITDA Margin	55.81%	55.49%	57.48%	59.00%	61.64%	60.56%
D&A For Ebitda	3,505	3,405	3,148	3,184	3,044	2,890
EBIT	10,789	9,788	10,950	10,508	10,644	8,447
EBIT Margin	42.12%	41.17%	44.64%	45.28%	47.93%	45.12%
Funds From Operations (FFO)	11,777	11,980	5,096	10,554	9,726	-
Adjusted Funds From Operations (AFFO)	-	11,980	-	10,554	9,726	-
FFO Payout Ratio	72.81%	73.13%	76.59%	92.87%	-	-
Effective Tax Rate	0.04%	0.06%	0.03%	0.03%	0.03%	0.04%

Updated Apr 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.