Kenedix Residential Next Investment Past Earnings Performance

Past criteria checks 4/6

Kenedix Residential Next Investment has been growing earnings at an average annual rate of 2.2%, while the Residential REITs industry saw earnings growing at 3.3% annually. Revenues have been growing at an average rate of 7% per year. Kenedix Residential Next Investment's return on equity is 6%, and it has net margins of 45.4%.

Key information

2.2%

Earnings growth rate

-4.4%

EPS growth rate

Residential REITs Industry Growth	3.3%
Revenue growth rate	7.0%
Return on equity	6.0%
Net Margin	45.4%
Last Earnings Update	31 Jul 2023

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown
Beta

How Kenedix Residential Next Investment makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

TSE:3278 Revenue, expenses and earnings (JPY Millions)
Date	Revenue	Earnings	G+A Expenses
31 Jul 23	20,020	9,095	120
30 Apr 23	19,702	8,905	118
31 Jan 23	19,385	8,715	115
31 Oct 22	18,988	8,478	114
31 Jul 22	18,591	8,241	113
30 Apr 22	18,465	8,254	114
31 Jan 22	18,339	8,266	115
31 Oct 21	17,959	8,022	115
31 Jul 21	17,579	7,779	115
30 Apr 21	17,168	7,609	113
31 Jan 21	16,757	7,440	111
31 Oct 20	16,599	7,431	110
31 Jul 20	16,441	7,421	122
30 Apr 20	16,322	7,388	109
31 Jan 20	16,203	7,355	109
31 Oct 19	16,074	7,347	106
31 Jul 19	15,945	7,339	116
30 Apr 19	15,423	8,177	101
31 Jan 19	14,901	9,015	99
31 Oct 18	13,832	8,392	95
31 Jul 18	12,768	7,769	103
30 Apr 18	12,005	6,218	89
31 Jan 18	11,246	4,668	86
31 Oct 17	11,145	4,647	85
31 Jul 17	11,043	4,626	85
30 Apr 17	10,920	4,564	84
31 Jan 17	10,797	4,502	84
31 Oct 16	10,667	4,439	84
31 Jul 16	10,537	4,376	84
30 Apr 16	10,458	4,408	82
31 Jan 16	10,378	4,439	79
31 Oct 15	9,858	4,216	72
31 Jul 15	9,337	3,994	64
30 Apr 15	8,597	3,596	60
31 Jan 15	7,930	3,197	59
31 Oct 14	7,570	3,144	56
31 Jul 14	7,285	3,090	56
30 Apr 14	6,008	2,565	49
31 Jan 14	4,732	2,039	42
31 Jul 13	2,270	812	34
31 Jan 13	2,228	926	34

Quality Earnings: 3278 has high quality earnings.

Growing Profit Margin: 3278's current net profit margins (45.4%) are higher than last year (44.3%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 3278's earnings have grown by 2.2% per year over the past 5 years.

Accelerating Growth: 3278's earnings growth over the past year (10.4%) exceeds its 5-year average (2.2% per year).

Earnings vs Industry: 3278 earnings growth over the past year (10.4%) did not outperform the Residential REITs industry 10.4%.

Kenedix Residential Next Investment Past Earnings Performance

Past criteria checks 4/6

Key information

Recent past performance updates

First half 2024 earnings released: EPS: JP¥4,205 (vs JP¥3,966 in 1H 2023)

First half 2023 earnings released: EPS: JP¥3,966 (vs JP¥4,189 in 1H 2022)

Full year 2022 earnings: EPS in line with expectations, revenues disappoint

First half 2022 earnings released: EPS JP¥4,189 (vs JP¥4,029 in 1H 2021)

Full year 2021 earnings released: EPS JP¥7,846 (vs JP¥8,124 in FY 2020)

Full year 2021 earnings released: EPS JP¥7,846 (vs JP¥8,124 in FY 2020)

Recent updates

First half 2024 earnings released: EPS: JP¥4,205 (vs JP¥3,966 in 1H 2023)

Kenedix Residential Next Investment Corporation Elects Michiru Nagamata as Alternate Executive Director as of November 1, 2023

Upcoming dividend of JP¥4,140 per share at 3.7% yield

Kenedix Residential Next Investment Corporation Provides Forecast for Operating Results for the Fiscal Period from August 1, 2023 to January 31, 2024

No independent directors

Upcoming dividend of JP¥4,181 per share

A.D. Works Co., Ltd. agreed to acquire KDX Residence Higashi-sakura II from Kenedix Residential Next Investment Corporation (TSE:3278) for ¥1.18 billion.

Kenedix Residential Next Investment Corporation Revises Earnings Guidance for the Period from August 1, 2022 to January 31, 2023 and February 1, 2023 to July 31, 2023

No independent directors

First half 2023 earnings released: EPS: JP¥3,966 (vs JP¥4,189 in 1H 2022)

Kenedix Residential Next Investment Corporation Announces Distribution for the Fiscal Year Ended July 31, 2022, Payable on October 17, 2022

Upcoming dividend of JP¥4,101 per share

Kenedix Residential Next Investment Corporation, Annual General Meeting, Jun 28, 2022

Kenedix Residential Next Investment Corporation (TSE:3278) agreed to acquire Tsukui Sun-shine Adachi for ¥ 830 million.

Kenedix Residential Next Investment Corporation (TSE:3278) completed the acquisition of Trust beneficiary interest in KDX Residence Hachioji Otsuka.

No independent directors

Full year 2022 earnings: EPS in line with expectations, revenues disappoint

Kenedix Residential Next Investment Corporation (TSE:3278) agreed to acquire Trust beneficiary interest in Irise Kobe Rokko for ¥1.2 million.

Upcoming dividend of JP¥4,101 per share

Kenedix Residential Next Investment Corporation (TSE:3278) acquired KDX Residence Yokohama Momijizaka.

First half 2022 earnings released: EPS JP¥4,189 (vs JP¥4,029 in 1H 2021)

Kenedix Residential Next Investment Corporation Provides Earnings Guidance for the Six Months Period Ending August 1, 2021 to January 31, 2022 and February 1, 2022 to July 31, 2022

Head of Residential REIT Keisuke Sato has left the company

Upcoming dividend of JP¥4,100 per share

Full year 2021 earnings released: EPS JP¥7,846 (vs JP¥8,124 in FY 2020)

Full year 2021 earnings released: EPS JP¥7,846 (vs JP¥8,124 in FY 2020)

Kenedix Residential Next Investment Corporation Announces Distribution for the 18th Fiscal Period Ended January 31, 2021, Payable on April 12, 2021; Provides Dividend Guidance for the 19th Fiscal Period Ending July 31, 2021 and for the 20th Fiscal Period Ending January 31, 2022

Kenedix Residential Next Investment Corporation Revises Earnings Guidance for the Fiscal Period Ended January 31, 2021 and July 31, 2021

New 90-day high: JP¥190,700

Kenedix Residential Next Investment Corporation to Report Fiscal Year 2021 Results on Mar 15, 2021

New 90-day high: JP¥187,700

Residential Next Investment Corporation (TSE:3278) agreed to acquire KDX Residence Shonandai, Cosmo Heim Motosumiyoshi and Granda Mondo Yakujin from Seiwa Building Co.,Ltd., Motosumiyoshi Co., Ltd. and G.K. KRF17 for ¥1.9 billion.

Kenedix Residential Next Investment Corporation (TSE:3278) completed the acquisition of KDX Residence Asagaya II from an individual in Japan.

Kenedix Residential Next Investment Corporation (TSE:3278) entered into an contract to acquire Trust beneficiary interest in KDX Residence Hatchobori and KDX Residence Nakaitabashi for ¥4.7 billion.

Kenedix Residential Next Investment Corporation (TSE:3278) entered into an agreement to acquire KDX Residence Nishi-Funabashi, KDX Residence Hatagaya and KDX Residence Sendai Station East from The Sankei Building Co., Ltd. for ¥4.8 billion.

Kenedix Residential Next Investment Corporation (TSE:3278) agreed to acquire KDX Residence Ichikawa from an individual in Japan for approximately ¥840 million.

Kenedix Residential Next Investment Corporation to Report Fiscal Year 2020 Results on Sep 14, 2020

Revenue & Expenses BreakdownBeta

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

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