Frontier Real Estate Investment Corporation (TYO: 8964)

Frontier Real Estate Investment Income Statement

Financials in millions JPY. Fiscal year is July - June.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2023	FY 2023	FY 2022
Period Ending	Jun 30, 2024	Jun 30, 2024	Jun 30, 2023	Dec 31, 2023	Jun 30, 2023	Dec 31, 2022
Rental Revenue	22,570	22,570	22,793	22,426	22,793	22,913
Gain (Loss) on Sale of Assets (Rev)	624.38	624.38	170.02	136.72	170.02	41.89
Other Revenue	0	0	0	-	0	0
Total Revenue	23,195	23,195	22,963	22,563	22,963	22,955
Revenue Growth (YoY	1.90%	1.01%	1.77%	-1.74%	0.04%	0.13%
Property Expenses	10,106	10,106	9,919	9,838	9,919	10,003
Selling, General & Administrative	69.28	69.28	66.52	82.17	66.52	83.47
Other Operating Expenses	223.45	223.45	217.5	216.37	217.5	224.75
Total Operating Expenses	10,399	10,399	10,203	10,136	10,203	10,311
Operating Income	12,796	12,796	12,760	12,427	12,760	12,644
Interest Expense	-620.98	-620.98	-536.62	-556.12	-536.62	-531.09
Interest & Investment Income	3.6	3.6	0.05	0.03	0.05	0.38
Other Non-Operating Income	-43.08	-43.08	-51.93	-46.69	-51.93	-41.68
EBT Excluding Unusual Items	12,136	12,136	12,171	11,824	12,171	12,072
Total Insurance Settlements	0.23	0.23	26.39	26.39	26.39	1.06
Pretax Income	12,136	12,136	12,198	11,850	12,198	12,073
Income Tax Expense	1.75	1.75	1.85	0.95	1.85	0.81
Net Income	12,134	12,134	12,196	11,849	12,196	12,072
Net Income to Common	12,134	12,134	12,196	11,849	12,196	12,072
Net Income Growth	0.93%	-0.51%	2.93%	-2.84%	1.03%	0.95%
Basic Shares Outstanding	1	1	1	1	1	1
Diluted Shares Outstanding	1	1	1	1	1	1
Shares Change (YoY)	-	-	-	-	-0.00%	0.02%
EPS (Basic)	22429.31	22429.31	22543.21	21902.38	22543.21	22314.00
EPS (Diluted)	22429.31	22429.31	22543.21	21902.38	22543.21	22314.00
EPS Growth	0.93%	-0.51%	2.93%	-2.84%	1.03%	0.93%
Dividend Per Share	21579.000	21579.000	22231.000	-	22231.000	-
Dividend Growth	-1.67%	-2.93%	-	-	-	-
Operating Margin	55.17%	55.17%	55.57%	55.08%	55.57%	55.08%
Profit Margin	52.31%	52.31%	53.11%	52.52%	53.11%	52.59%
Free Cash Flow Margin	77.01%	77.01%	105.19%	93.75%	105.19%	83.99%
EBITDA	16,697	16,697	16,611	16,228	16,611	16,648
EBITDA Margin	71.99%	71.99%	72.34%	71.92%	72.34%	72.52%
D&A For Ebitda	3,901	3,901	3,851	3,801	3,851	4,004
EBIT	12,796	12,796	12,760	12,427	12,760	12,644
EBIT Margin	55.17%	55.17%	55.57%	55.08%	55.57%	55.08%
Funds From Operations (FFO)	16,034	16,034	16,046	8,041	16,046	8,067
Adjusted Funds From Operations (AFFO)	16,034	16,034	16,046	-	16,046	-
FFO Payout Ratio	73.08%	73.08%	74.96%	74.79%	74.96%	73.57%
Effective Tax Rate	0.01%	0.01%	0.02%	0.01%	0.02%	0.01%
Revenue as Reported	23,195	23,195	22,963	11,531	22,963	11,523

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