Declining Occupancy and Vacancy Risk for Rental and Other Real Estate
First written in FY2021. 1 of 2 entries say "Reframed", first in FY2024. Latest entry: FY2024.
Tbs Holdings moved to the "Worse" side of this theme in 2024, 3 years after the typical company in this theme (2021).
The whole theme swung hardest in 2024: 5 of 15 companies on the "Worse" side.
0 other companies' latest entry also says "Reframed".
- FY2024ReframedAnnual report
「Although the impact of COVID-19 has eased, changes in demand for office tenants are expected to continue due to work arrangements such as teleworking becoming established to a certain extent and the increase in newly built office buildings in central urban areas.」
The risks were reorganized from those centered on lower occupancy and rent reductions caused by the infectious disease to real estate market risks arising from the establishment of teleworking, an increase in new offices, and higher material, labor and fuel costs. - FY2021First statedAnnual report
「The spread of COVID-19 resulted in the closure of facilities, reduced operating hours and tenant rent reductions at our properties, and the resulting deterioration in profitability has materialized.」
For the real estate business, deterioration in profitability due to facility closures, reduced operating hours and tenant rent reductions has already occurred, and the company also disclosed future risks of vacancies and tenant departures.