SYLA Technologies Issues Q2 2024 Investor Update; Gross Merchandise Value Increased From JPY 6,844 Million To JPY 7,594 Million Quarter-Over-Quarter
$SYT
Real Estate
Finance
SYLA Technologies Co., Ltd. (NASDAQ:SYT) ("SYLA" or "the Company"), operator of the largest membership real estate crowdfunding platform in Japan, Rimawari-kun, published a quarterly investor update for 2nd quarter 2024.
| Key Highlights | |
| Real Estate | |
| • | Sale of SYFORME SUMIYOSHI II |
| • | Excellent Business Award (by Japan Association of Home Suppliers) for SYFORME MOTOMACHI-CHUKAGAI (ZEH-M*1 Oriented certified) |
| *1ZEH-M: net Zero Energy House Mansion | |
| • | Completion of the first office building SYLA TOYOCHO |
| • | Launched the first joint real estate project with CUMICA |
| • | ietty (Online AI rental brokerage service) membership surpassed 400,000 |
| Rimawari-kun (Real Estate Crowdfunding) | |
| • | 7 projects commenced fund raising during 2Q |
| • | 10 projects originated during 2Q |
| Key Metrics | Mar-24 | Jun-24 |
| Real Estate | ||
| Constructed Buildings, cumulative (#) | 84 | 85 |
| Managed Buildings (#) | 77 | 78 |
| Managed Units (#) | 3,382 | 3,420 |
| Occupancy Rate (%) | 99.7% | 99.8% |
| ietty Membership (#) | 400,573 | 408,555 |
| Rimawari-kun (Crowdfunding) | ||
| Membership (#) | 279,606 | 279,838 |
| Projects Originated, cumulative (#) | 71 | 81 |
| GMV*2 (million JPY) | 6,844 | 7,594 |
| *2GMV: Gross merchandise value | ||