KDX Realty Investment Past Earnings Performance

Past criteria checks 5/6

KDX Realty Investment has been growing earnings at an average annual rate of 2.4%, while the REITs industry saw earnings growing at 4.2% annually. Revenues have been growing at an average rate of 2.1% per year. KDX Realty Investment's return on equity is 6%, and it has net margins of 40.6%.

Key information

2.4%

Earnings growth rate

5.1%

EPS growth rate

REITs Industry Growth	5.9%
Revenue growth rate	2.1%
Return on equity	6.0%
Net Margin	40.6%
Last Earnings Update	31 Oct 2023

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown
Beta

How KDX Realty Investment makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

TSE:8972 Revenue, expenses and earnings (JPY Millions)
Date	Revenue	Earnings	G+A Expenses
31 Oct 23	33,946	13,777	184
31 Jul 23	33,752	13,717	160
30 Apr 23	33,557	13,657	160
31 Jan 23	32,857	13,302	158
31 Oct 22	32,157	12,948	178
31 Jul 22	31,539	12,677	157
30 Apr 22	30,920	12,407	158
31 Jan 22	31,125	12,666	159
31 Oct 21	31,330	12,926	161
31 Jul 21	32,173	13,626	160
30 Apr 21	33,016	14,326	160
31 Jan 21	32,501	13,906	159
31 Oct 20	31,987	13,486	158
31 Jul 20	31,144	12,753	158
30 Apr 20	30,301	12,020	157
31 Jan 20	30,270	12,022	157
31 Oct 19	30,239	12,023	178
31 Jul 19	30,436	12,155	155
30 Apr 19	30,633	12,287	154
31 Jan 19	30,438	12,112	152
31 Oct 18	30,243	11,936	171
31 Jul 18	29,484	11,177	151
30 Apr 18	28,725	10,418	151
31 Jan 18	28,833	9,879	153
31 Oct 17	28,941	9,340	156
31 Jul 17	28,736	9,346	156
30 Apr 17	28,531	9,352	156
31 Jan 17	28,192	9,385	156
31 Oct 16	27,854	9,417	157
31 Jul 16	27,978	9,398	157
30 Apr 16	28,103	9,380	157
31 Jan 16	27,987	9,527	154
31 Oct 15	27,480	9,128	194
31 Jul 15	27,465	9,177	148
30 Apr 15	27,058	8,679	166
31 Jan 15	25,441	7,568	144
31 Oct 14	23,823	6,455	142
31 Jul 14	22,269	6,086	140
30 Apr 14	20,714	5,717	138
31 Jan 14	20,200	5,775	138
31 Oct 13	19,638	5,662	170
31 Jul 13	19,883	5,923	138

Quality Earnings: 8972 has high quality earnings.

Growing Profit Margin: 8972's current net profit margins (40.6%) are higher than last year (40.3%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 8972's earnings have grown by 2.4% per year over the past 5 years.

Accelerating Growth: 8972's earnings growth over the past year (6.4%) exceeds its 5-year average (2.4% per year).

Earnings vs Industry: 8972 earnings growth over the past year (6.4%) exceeded the REITs industry 5%.

KDX Realty Investment Past Earnings Performance

Past criteria checks 5/6

Key information

Recent past performance updates

Full year 2023 earnings released: FFO per share: JP¥6.9k (vs JP¥6,606 loss in FY 2022)

First half 2024 earnings released: EPS: JP¥3,873 (vs JP¥3,784 in 1H 2023)

Full year 2023 earnings released: FFO per share: JP¥10.3k (vs JP¥9,891 in FY 2022)

Full year 2023 earnings released

Kenedix Office Investment Corporation to Report Q4, 2023 Results on Jun 13, 2023

First half 2023 earnings released: FFO per share: JP¥10.3k (vs JP¥9,891 in 1H 2022)

Recent updates

Upcoming dividend of JP¥3,800 per share

Price target increased by 14% to JP¥191,750

KDX Realty Investment Corporation (TSE:8972) announces an Equity Buyback for 81,500 shares, representing 1.97% for ¥10,000 million.

KDX Realty Investment Corporation (TSE:8972) agreed to acquire remaining 30% stake in Trust Beneficiary Interests of iias Kasugai for ¥6.1 billion from unknown seller.

Final dividend of JP¥3,800 announced

Full year 2023 earnings released: FFO per share: JP¥6.9k (vs JP¥6,606 loss in FY 2022)

First half 2024 earnings released: EPS: JP¥3,873 (vs JP¥3,784 in 1H 2023)

New major risk - Shareholder dilution

Price target decreased by 10.0% to JP¥163,750

Upcoming dividend of JP¥7,600 per share at 4.6% yield

Full year 2023 earnings released: FFO per share: JP¥10.3k (vs JP¥9,891 in FY 2022)

Kenedix Office Investment Corporation Declares Distribution for the Six Months Ended April 30, 2023, Payable on July 14, 2023

Full year 2023 earnings released

Kenedix Office Investment Corporation to Report Q4, 2023 Results on Jun 13, 2023

Upcoming dividend of JP¥7,250 per share at 4.8% yield

No independent directors

First half 2023 earnings released: FFO per share: JP¥10.3k (vs JP¥9,891 in 1H 2022)

Kenedix Office Investment Corporation Provides Earnings Guidance for the Six Months Ending April 30, 2023 and October 31, 2023

First half 2023 earnings released: EPS: JP¥7,567 (vs JP¥6,896 in 1H 2022)

No independent directors

Upcoming dividend of JP¥14,290 per share

Kenedix Office Investment Corporation (TSE:8972) agreed to acquire Shionogi Kobe Building for ¥3.5 billion.

Kenedix Office Investment Corporation Provides Earnings Guidance for the Six Months Ending October 31, 2022 and Fiscal Year Ending April 30, 2023

An unknown buyer singed a contract to acquire Trust beneficiary interest in KDX Kiba Building from Kenedix Office Investment Corporation (TSE:8972) for ¥1.7 billion.

Kenedix Office Investment Corporation (TSE:8972) agreed to acquire Sendai Honcho Building from G.K. KRF69 for approximately ¥6.4 billion.

No independent directors

Upcoming dividend of JP¥14,000 per share

First half 2022 earnings: Revenues and EPS in line with analyst expectations

Upcoming dividend of JP¥14,000 per share

Full year 2021 earnings released: FFO JP¥40,631 per share (vs JP¥39,465 in FY 2020)

Full year 2021 earnings released

Upcoming dividend of JP¥15,180 per share

New 90-day high: JP¥720,000

New 90-day high: JP¥691,000

First half 2021 earnings released: EPS JP¥17,060

New 90-day high: JP¥675,000

Price target lowered to JP¥698,375

Kenedix Office Investment Corporation to Report Fiscal Year 2020 Results on Dec 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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