Investor Presentaiton
一期一会|
ICHIGO
July 2021 Earnings Breakdown
(JPY million)
Jul 2020
Actual
Jul 2021
Actual (A)
Forecast (B)
(Jun 2021)
vs. Forecast
(A) - (B)
Major Variation Factors (vs. Forecast)
Operating Revenue
953
1,117
1,112
+5
Increase in variable rent +9 (Valie Hiroshima)
Variable Rent
-25
126
121
+5
Decrease in variable rent -4 (Kumamoto, Yokohama)
Fixed Rent
935
947
947
Other (Gains on Sales, etc.)
42
44
44
Operating Expenses
581
652
675
-23
Increase in property tax +7, Decrease in Covid-related reserve -35
Increase in AM fee +6, Decrease in administration fees -4
Repair & Maintenance
21
46
45
+1
Depreciation
336
347
345
+2
Operating Profit
371
465
437
+28
Non-operating income +1
Recurring Profit
Net Income
Dividend
FFO
ΝΟΙ
Post-Depreciation NOI
Capex
Book Value
171
269
234
+35
Decrease in borrowing-related expenses -3
170
268
233
+35
+15.3% vs. forecast
JPY 670
JPY 1,055
JPY 915
+JPY 140
+57.5% YOY (+JPY 385)
JPY 2,009
JPY 2,418
787
912
881
+31
450
565
536
+29
128
335
361
-26
Decrease due to effective cost controls and rescheduling renovations
52,294
52,064
Decrease in interest expenses -3
O Ichigo Investment Advisors Co., Ltd. Ichigo Hotel REIT Investment Corporation All rights reserved.
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