Daiwa House REIT Investment Corporation (TYO: 8984)

Daiwa House REIT Investment Income Statement

Financials in millions JPY. Fiscal year is March - February.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Feb 29, 2024	Feb 29, 2024	Aug 31, 2023	Aug 31, 2022	Aug 31, 2021	Aug 31, 2020
Rental Revenue	59,214	59,214	59,061	58,297	54,623	51,326
Other Revenue	0	0	0	-	0	-
Total Revenue	59,214	59,214	59,061	58,297	54,623	51,326
Revenue Growth (YoY	0.43%	0.26%	1.31%	6.73%	6.42%	7.52%
Property Expenses	28,581	28,543	28,696	28,478	26,908	24,494
Selling, General & Administrative	202.18	239.45	201.15	203.15	210.91	205.27
Other Operating Expenses	873.9	3,746	893.51	913.56	897.08	833.3
Total Operating Expenses	33,621	34,510	33,754	33,562	31,980	29,499
Operating Income	25,593	24,704	25,307	24,735	22,643	21,827
Interest Expense	-2,838	-3,156	-2,702	-2,548	-2,397	-2,348
Interest & Investment Income	0.45	0.23	0.46	3.29	4.73	2.1
Other Non-Operating Income	-632.86	-306.33	-628.63	-813.97	-606.74	-735.66
EBT Excluding Unusual Items	22,122	21,241	21,976	21,376	19,644	18,746
Gain (Loss) on Sale of Assets	350.03	349.96	349.96	1,336	3,045	308.38
Other Unusual Items	20.89	11.64	23.24	23.96	30.26	8.94
Pretax Income	21,604	21,603	22,349	22,736	22,720	19,063
Income Tax Expense	1.21	0.61	1.21	1.21	1.21	1.21
Net Income	21,603	21,602	22,348	22,735	22,718	19,062
Net Income to Common	21,603	21,602	22,348	22,735	22,718	19,062
Net Income Growth	-2.96%	-3.34%	-1.70%	0.07%	19.18%	7.31%
Basic Shares Outstanding	2	2	2	2	2	2
Diluted Shares Outstanding	2	2	2	2	2	2
Shares Change (YoY)	-	-	0.03%	5.62%	2.85%	6.74%
EPS (Basic)	9311.50	9311.35	9632.83	9802.36	10345.32	8927.61
EPS (Diluted)	9311.50	9311.35	9632.83	9802.36	10345.32	8927.61
EPS Growth	-2.96%	-3.34%	-1.73%	-5.25%	15.88%	0.53%
Dividend Per Share	11354.000	-	11292.000	11439.000	11974.000	11467.000
Dividend Growth	0.66%	-	-1.29%	-4.47%	4.42%	2.38%
Operating Margin	43.22%	41.72%	42.85%	42.43%	41.45%	42.53%
Profit Margin	36.48%	36.48%	37.84%	39.00%	41.59%	37.14%
Free Cash Flow Margin	64.37%	64.37%	63.30%	71.38%	80.87%	71.57%
EBITDA	40,810	39,937	40,499	39,979	37,151	35,773
EBITDA Margin	68.92%	67.45%	68.57%	68.58%	68.01%	69.70%
D&A For Ebitda	15,217	15,234	15,193	15,245	14,508	13,946
EBIT	25,593	24,704	25,307	24,735	22,643	21,827
EBIT Margin	43.22%	41.72%	42.85%	42.43%	41.45%	42.53%
Effective Tax Rate	0.01%	0.00%	0.01%	0.01%	0.01%	0.01%
Revenue as Reported	59,564	29,921	59,411	59,633	57,669	51,632

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