MORI TRUST REIT Full Year 2024 Earnings: Revenues Miss Expectations

MORI TRUST REIT (TSE:8961) Full Year 2024 Results

Key Financial Results

• Revenue: JP¥21.1b (up 52% from FY 2023).
• Net income: JP¥14.4b (up 90% from FY 2023).
• Profit margin: 68% (up from 55% in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

MORI TRUST REIT Revenues Disappoint

Revenue missed analyst estimates by 49%.

Looking ahead, revenue is forecast to grow 2.1% p.a. on average during the next 2 years, while revenues in the REITs industry in Japan are expected to remain flat.

Performance of the Japanese REITs industry.

The company's shares are down 1.5% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 4 warning signs with MORI TRUST REIT (at least 2 which are significant), and understanding these should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.