Daiwa House REIT Investment Corporation (TYO:8984)

TYO:8984 Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 31, 2025	Aug 31, 2024	Aug 31, 2023	Aug 31, 2022	Aug 31, 2021
Rental Revenue	57,287	60,465	59,061	58,297	54,623
Gain (Loss) on Sale of Assets (Rev)	-	1,431	-	-	-
Other Revenue	2,746	-	0	-	0
Total Revenue	60,033	61,896	59,061	58,297	54,623
Revenue Growth (YoY	-3.01%	4.80%	1.31%	6.73%	6.42%
Property Expenses	29,655	29,572	28,696	28,478	26,908
Selling, General & Administrative	207.7	242.73	201.15	203.15	210.91
Other Operating Expenses	904.8	5,149	893.51	913.56	897.08
Total Operating Expenses	34,732	36,946	33,754	33,562	31,980
Operating Income	25,301	24,951	25,307	24,735	22,643
Interest Expense	-3,233	-3,320	-2,702	-2,548	-2,397
Interest & Investment Income	62.08	2.21	0.46	3.29	4.73
Other Non-Operating Income	-641.91	-318.53	-628.63	-813.97	-606.74
EBT Excluding Unusual Items	21,488	21,314	21,976	21,376	19,644
Gain (Loss) on Sale of Assets	6,688	0.07	349.96	1,336	3,045
Asset Writedown	-	-889.44	-	-	-
Other Unusual Items	15.16	9.25	23.24	23.96	30.26
Pretax Income	28,191	20,434	22,349	22,736	22,720
Income Tax Expense	2.87	0.61	1.21	1.21	1.21
Net Income	28,188	20,433	22,348	22,735	22,718
Net Income to Common	28,188	20,433	22,348	22,735	22,718
Net Income Growth	37.95%	-8.57%	-1.70%	0.07%	19.18%
Basic Shares Outstanding	5	5	5	5	4
Diluted Shares Outstanding	5	5	5	5	4
Shares Change (YoY)	-0.93%	-0.13%	0.03%	5.62%	2.85%
EPS (Basic)	6140.59	4409.66	4816.42	4901.18	5172.66
EPS (Diluted)	6140.59	4409.66	4816.42	4901.18	5172.66
EPS Growth	39.25%	-8.45%	-1.73%	-5.25%	15.88%
Dividend Per Share	6827.000	-	5646.000	5719.500	5987.000
Dividend Growth	-	-	-1.29%	-4.47%	4.42%
Operating Margin	42.14%	40.31%	42.85%	42.43%	41.45%
Profit Margin	46.95%	33.01%	37.84%	39.00%	41.59%
EBITDA	40,250	40,284	40,499	39,979	37,151
EBITDA Margin	67.05%	65.08%	68.57%	68.58%	68.01%
D&A For Ebitda	14,949	15,334	15,193	15,245	14,508
EBIT	25,301	24,951	25,307	24,735	22,643
EBIT Margin	42.14%	40.31%	42.85%	42.43%	41.45%
Effective Tax Rate	0.01%	0.00%	0.01%	0.01%	0.01%
Revenue as Reported	66,721	29,643	59,411	59,633	57,669

Updated Aug 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.