Investor Presentaiton
July 2022 Earnings Breakdown
(JPY million)
VS.
Jul 2021
Actual
Jul 2022
Actual (A)
Forecast (B)
(Jul 2022)
Forecast
Forecast
(A) - (B)
Major Variation Factors (vs. Forecast)
(Mar 2022)
Operating Revenue
1,117
1,248
1,197
+51
1,069
Variable Rent
126
302
243
+59
122
Increase in variable rent +62 (Nagoya, Sapporo Ekimae,
Valie Hiroshima, Sapporo Odori, Kumamoto, Asagaya,
Matsuyama, Yokohama)
Fixed Rent
947
900
908
-8
902
Decrease in fixed rent (Okayama)
Other (Gains on Sales, etc.)
44
45
44
+1
45
Operating Expenses
652
681
681
647
Repair & Maintenance
46
46
38
49
49
-11
44
Decrease due to unused reserve
Depreciation
347
364
360
+4
351
Operating Profit
465
566
515
+51
421
Recurring Profit
269
362
312
+50
214
Net Income
268
361
311
+50
213
Dividend
JPY 1,055
JPY 1,418
JPY 1,220
+JPY 198
JPY 838
+16.2% vs. Revised forecast announced on Jul 2022
+69.2% vs. Initial forecast announced on Mar 2022
+34.4% YOY (+JPY 363)
FFO
ΝΟΙ
Post-Depreciation NOI
Capex
Book Value
一期一会|
JPY 2,418
JPY 2,853
912
1,052
989
+63
867
565
687
628
+59
515
335
199
283
-84
283
Decrease due to shift in renovation schedule
52,064
52,445
ICHIGO
O Ichigo Investment Advisors Co., Ltd. Ichigo Hotel REIT Investment Corporation All rights reserved.
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