Hankyu Hanshin REIT Full Year 2024 Earnings: FFO per share: JP¥9.0k (vs JP¥4,446 in FY 2023)
Hankyu Hanshin REIT (TSE:8977) Full Year 2024 Results
Key Financial Results
- Revenue: JP¥12.2b (up 3.7% from FY 2023).
- Funds from operations (FFO): JP¥6.26b (up 102% from FY 2023).
- FFO margin: 52% (up from 26% in FY 2023). The increase in margin was primarily driven by lower expenses.
- FFO per share: JP¥9.0k (up from JP¥4,446 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
In the last 12 months, the only revenue segment was Property Leasing Business contributing JP¥12.2b. Notably, cost of sales worth JP¥6.57b amounted to 54% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling JP¥743.2m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how 8977's revenue and expenses shape its earnings.
Hankyu Hanshin REIT's share price is broadly unchanged from a week ago.
Risk Analysis
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About TSE:8977
Hankyu Hanshin REIT
Hankyu Hanshin REIT, Inc. shall manage funds contributed by unitholders by investing them primarily in real estate and real estate-backed securities in accordance with its Articles of Incorporation.
Average dividend payer with questionable track record.
