September 15, 2021
Financial Results for the Fiscal Period Ended July 31, 2021
Name: Comforia Residential REIT, Inc
Listed Stock Exchange: Tokyo Stock Exchange
Security Code: 3282
URL: https://www.comforia-reit.co.jp/en/
Representative: Takehiro Izawa, Executive Director
Asset Management Company: TLC REIT Management Inc.
Representative: Masaoki Kanematsu, President & CEO
Inquiries: Kawauchi Daisuke, General Manager of Strategy Department, Comforia Management Division
TEL: +81-3-6455-3388
Scheduled Issue Date of Securities Report: October 26, 2021
Scheduled Commencement Date of Cash Distribution: October 18, 2021
Supplementary Presentation Material on Financial Results: Yes
Presentation Meeting of Financial Results: Yes (for institutional investors and analysts)
(Figures less than one million yen are rounded down)
1. Results of Operating and Assets for the Fiscal Period Ended July 31, 2021 (February 1, 2021 - July 31, 2021)
(1) Operating Results | (Percentages show changes compared to the previous period) | ||||||||||
Operating Revenue | Operating Profit | Ordinary Profit | Profit | ||||||||
Period Ended | Million yen | % | Million yen | % | Million yen | % | Million yen | % | |||
10,770 | (12.6) | 5,590 | (24.6) | 4,995 | (28 2) | 4,950 | (27 3) | ||||
Jan. 31, 2021 | |||||||||||
9,565 | (5.9) | 4,484 | (9.9) | 3,895 | (10.4) | 3,889 | (10.4) | ||||
Jul. 31, 2021 | |||||||||||
Period Ended | |||||||||||
Profit Per Unit | Return on Equity | Return on Assets | Ordinary Profit to | ||||||||
(ROE) | (ROA) | Operating Revenue Ratio | |||||||||
Period Ended | Yen | % | % | % | |||||||
7,144 | 3.7 | 1.8 | 46.4 | ||||||||
Jul. 31, 2021 | |||||||||||
Period Ended | 5,791 | 3.0 | 1.4 | 40.7 | |||||||
Jan. 31, 2021 | |||||||||||
(2) Cash Distributions | |||||||||||
Cash | Cash | ||||||||||
Distribution | Total Cash | ||||||||||
Distribution | Distribution | ||||||||||
Per Unit | Total Cash | Distributions | |||||||||
in Excess of | Payout Ratio | Ratio | |||||||||
(excluding Cash | Distributions | in Excess of | |||||||||
Profit | to Net Asset | ||||||||||
Distribution in | Profit | ||||||||||
Per Unit | |||||||||||
Excess of Profit) | |||||||||||
Period Ended | Yen | Million yen | Yen | Million yen | % | % | |||||
5,872 | 4,069 | － | － | 82.2 | 3.0 | ||||||
Jul. 31, 2021 | |||||||||||
Period Ended | 5,410 | 3,633 | － | － | 93.4 | 2.8 | |||||
Jan. 31, 2021 | |||||||||||
Note1: The difference of Profit and Total Cash Distributions for the period ended Jul 31, 2021 is caused by the provision of reserve for reduction entry of special provisions of replaced property (881 million yen).
Note2: The difference of Profit and Total Cash Distributions for the period ended Jan 31, 2021 is caused by the provision of reserve for reduction entry (256 million yen).
Note3: Payout ratio is calculated as follows :
Payout ratio ＝ Total distributions ÷ Profit ×100 （Payout ratio is rounded down to the first decimal place）
(3) Financial Position
Total Assets | Net Assets | Capital Adequacy Ratio | Net Assets Per Unit | |
Period Ended | Million yen | Million yen | % | Yen |
282,839 | 135,689 | 48.0 | 195,802 | |
Jul. 31, 2021 | ||||
Period Ended | 275,495 | 128,528 | 46.7 | 191,369 |
Jan. 31, 2021 | ||||
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(4) Cash Flows
Cash Flows from | Cash Flows from | Cash Flows from | Cash and | ||
Cash Equivalents | |||||
Operating Activities | Investing Activities | Financing Activities | |||
at End of Period | |||||
Million yen | Million yen | Million yen | Million yen | ||
Period Ended | 8,867 | △ | 12,727 | 2,024 | 20,211 |
Jul. 31, 2021 | |||||
Period Ended | |||||
Jan. 31, 2021 | 7,254 | △8,324 | 2,303 | 22,046 |
2. Forecasts of Financial Results for the Fiscal Period Ending January 31, 2022 (August 1, 2021 - January 31, 2022) and July 31, 2022 (February 1, 2022 - July 31, 2022)
(Percentages show changes compared to the previous period)
Cash | ||||||
Distribution | Cash | |||||
Operating | Per Unit | Distribution | ||||
Operating Profit | Ordinary Profit | Profit | (excluding Cash | in Excess of | ||
Revenue | ||||||
Distribution | Profit | |||||
in Excess of | Per Unit | |||||
Profit) | ||||||
Period Ended | Million yen (%) | Million yen (%) | Million yen (%) | Million yen (%) | Yen | Yen |
9,384 (△12.9) | 4,164 (△25.5) | 3,553 (△28.9) | 3,548 (△28.3) | 5,430 | － | |
Jan. 31, 2022 | ||||||
Period Ended | 9,439 (0.6) | 4,161 (△0.1) | 3,561 (0.2) | 3,555 (0.2) | 5,300 | － |
Jul. 31, 2022 | ||||||
(Reference) Forecast of profit per unit for the fiscal period ending Jan 31, 2022 : 5,120 yen Forecast of profit per unit tor the fiscal period ending Jul 31, 2022 : 5,130 yen
(Note) Cash distributions per unit for the fiscal period ending Jan 31, 2022 and Jul 31, 2022 are calculated based on the amount obtained by adding the reversal of reserve for reduction entry (214 million yen and 117 million yen) to the profit.
3. Others
- Changes in accounting policies, changes in accounting estimates, and retrospective restatement
- Changes in accounting policies due to reversions in accounting standard: None
- Changes not mentioned in a. above: None
- Changes in accounting estimates: None
- Retrospective Restatement: None
- The number of investment units issued
- The number of investment units issued at end of period (including treasury units)
Fiscal Period Ended Jul.31, 2021 | : 692,994 units |
Fiscal Period Ended Jan.31, 2021 | : 671,624 units |
b. The number of treasury units at end of period | |
Fiscal Period Ended Jul.31, 2021 | : 0 units |
Fiscal Period Ended Jan.31, 2021 | : 0 units |
*Summary of financial results is not inside the scope of audit procedure by certified public accountants or audit corporations.
*Other matters of special consideration
Forward-looking statements in this material including forecasts of financial results are based on information currently available to us and on certain assumptions we deem to be reasonable. Therefore, actual operating and other results may differ materially due to various factors. In addition, the forecasts do not guarantee the payment of the amount.
This material is a translated excerpt from Brief Announcement on the Financial Result ("Kessan Tanshin") in Japanese released today, and is for reference purposes only. If any discrepancies arise between this material and the original Japanese version, the later will prevail.
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