Investor Presentaiton slide image

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. 9
View entire presentation