Heiwa Real Estate REIT, Inc. (TYO:8966)

Heiwa Real Estate REIT Income Statement

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

Fiscal Year	FY 2024	FY 2024	FY	FY 2023	FY 2023
Period Ending	Nov 30, 2024	May 31, 2024	Jun 30, 2023	Nov 30, 2023	May 31, 2023
Rental Revenue	16,080	14,888	-	14,540	13,444
Gain (Loss) on Sale of Assets (Rev)	2,010	1,784	-	1,437	1,103
Other Revenue	-	719.73	-	729.11	1,339
Total Revenue	18,090	17,392	-	16,706	15,886
Revenue Growth (YoY	4.01%	-	-	5.16%	4.80%
Property Expenses	8,210	7,412	-	7,241	6,484
Selling, General & Administrative	122	123.19	-	122.84	121
Other Operating Expenses	368	877.34	-	831.92	1,248
Total Operating Expenses	8,700	8,412	-	8,196	7,853
Operating Income	9,390	8,980	-	8,510	8,033
Interest Expense	-1,128	-932.19	-	-861.99	-759.71
Interest & Investment Income	2	0.08	-	0.07	0.35
Other Non-Operating Income	-28	-96.78	-	-77.62	-154.68
EBT Excluding Unusual Items	8,236	7,951	-	7,571	7,119
Total Insurance Settlements	-	4.82	-	5.59	6.5
Other Unusual Items	-40	-22	-	-22	-
Pretax Income	8,196	7,934	-	7,554	7,126
Income Tax Expense	-	0.61	-	0.61	1.21
Net Income	8,196	7,933	-	7,554	7,124
Net Income to Common	8,196	7,933	-	7,554	7,124
Net Income Growth	3.31%	-	-	6.02%	5.42%
Basic Shares Outstanding	1	1	-	1	1
Diluted Shares Outstanding	1	1	-	1	1
Shares Change (YoY)	3.86%	-	-	1.63%	2.67%
EPS (Basic)	6863.31	6899.39	-	6674.44	6398.07
EPS (Diluted)	6863.31	6899.39	-	6674.44	6398.07
EPS Growth	-0.52%	-	-	4.32%	2.67%
Dividend Per Share	-	-	-	-	6290.000
Operating Margin	51.91%	51.63%	-	50.94%	50.57%
Profit Margin	45.31%	45.61%	-	45.21%	44.85%
EBITDA	11,556	11,080	-	10,566	10,006
EBITDA Margin	63.88%	63.71%	-	63.25%	62.98%
D&A For Ebitda	2,166	2,100	-	2,056	1,972
EBIT	9,390	8,980	-	8,510	8,033
EBIT Margin	51.91%	51.63%	-	50.94%	50.57%
Effective Tax Rate	-	0.01%	-	0.01%	0.02%
Revenue as Reported	-	8,657	-	8,050	15,886

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