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AEON REIT Investment Corp.
(3292)
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Rating:61Neutral
Price Target:
¥109,509
▼(-7.67% Downside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by solid financial performance (strong margins and re-accelerating revenue), tempered by cash-flow volatility and only moderate balance-sheet/return profile. Technical indicators are a meaningful drag given weak momentum and price below key moving averages, while valuation is supported by the high dividend yield but constrained by a mid-range P/E.
Positive Factors
Revenue Re-acceleration
The sharp return to top-line growth indicates stronger property revenue generation and provides a better foundation for distributions and reinvestment. If sustained, this momentum can improve operating leverage and strengthen the portfolio’s earnings capacity over the next several quarters.
Negative Factors
Volatile Free Cash Flow
Uneven free cash flow reduces the reliability of internally generated funds and suggests that capital expenditure timing can materially affect cash available after operations. Coverage of only about half of net income in 2026 also tempers confidence in the quality of reported earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Re-acceleration
The sharp return to top-line growth indicates stronger property revenue generation and provides a better foundation for distributions and reinvestment. If sustained, this momentum can improve operating leverage and strengthen the portfolio’s earnings capacity over the next several quarters.
Read all positive factors
AEON REIT Investment Corp. (3292) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥218.25B
Dividend Yield6.54%
Average Volume (3M)6.17K
Price to Earnings (P/E)17.1
Beta (1Y)0.10
Revenue Growth0.88%
EPS Growth-7.95%
CountryJP
EmployeesN/A
SectorReal Estate
Sector Strength53
IndustryREIT - Diversified
Share Statistics
EPS (TTM)6082.87
Shares Outstanding2,102,569
10 Day Avg. Volume4,948
30 Day Avg. Volume6,165
Financial Highlights & Ratios
PEG Ratio5.23
Price to Book (P/B)1.16
Price to Sales (P/S)6.56
P/FCF Ratio22.88
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)3,087.71
Revenue Forecast (FY)¥21.39B
AEON REIT Investment Corp. Business Overview & Revenue Model
Company Description
AEON REIT Investment Corporation channels its capital predominantly into retail and associated properties, recognizing their fundamental role as community cornerstones and vital commercial infrastructure. The corporation's objective is to secure c...
How the Company Makes Money
AEON REIT Investment Corp. makes money primarily by generating rental-related income from the retail properties it owns. Its key revenue streams typically include (1) base rent paid by tenants under lease contracts, (2) variable rent components wh...
AEON REIT Investment Corp. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
66
Positive
Cash Flow
57
Neutral
| Breakdown | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 42.88B | 42.35B | 42.22B | 41.00B | 40.05B |
| Gross Profit | 11.36B | 16.12B | 18.08B | 17.91B | 17.47B |
| EBITDA | 26.65B | 26.33B | 25.88B | 25.89B | 25.29B |
| Net Income | 13.90B | 13.46B | 13.59B | 13.77B | 13.55B |
Balance Sheet | |||||
| Total Assets | 450.12B | 451.15B | 458.58B | 452.49B | 434.63B |
| Cash, Cash Equivalents and Short-Term Investments | 34.11B | 26.93B | 31.35B | 23.94B | 21.40B |
| Total Debt | 187.90B | 188.40B | 188.40B | 188.40B | 179.10B |
| Total Liabilities | 206.66B | 207.34B | 211.83B | 205.09B | 198.03B |
| Stockholders Equity | 243.46B | 243.81B | 246.75B | 247.39B | 236.61B |
Cash Flow | |||||
| Free Cash Flow | 12.30B | 9.07B | 21.58B | -2.47B | -9.38B |
| Operating Cash Flow | 25.13B | 26.56B | 25.64B | 22.11B | 25.29B |
| Investing Cash Flow | -12.66B | -17.31B | -3.85B | -25.63B | -53.04B |
| Financing Cash Flow | -14.74B | -11.37B | -14.23B | 6.28B | 31.39B |
AEON REIT Investment Corp. Technical Analysis
Negative
118600.00
Price Trends
111820.00
Negative
116148.74
Negative
121623.36
Negative
Market Momentum
-2038.04
Negative
32.03
Neutral
26.48
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3292, the sentiment is Negative. The current price of 118600 is above the 20-day moving average (MA) of 105480.00, above the 50-day MA of 111820.00, and below the 200-day MA of 121623.36, indicating a bearish trend. The MACD of -2038.04 indicates Negative momentum. The RSI at 32.03 is Neutral, neither overbought nor oversold. The STOCH value of 26.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3292.
AEON REIT Investment Corp. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥368.80B | 19.13 | 6.67% | 4.67% | -13.45% | -0.93% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
62 Neutral | ¥195.26B | 16.53 | ― | 5.94% | 4.56% | -1.09% | |
61 Neutral | ¥218.25B | 17.06 | ― | 6.54% | 0.88% | -7.95% | |
61 Neutral | ¥216.51B | 18.20 | ― | 5.38% | -0.97% | -1.38% | |
61 Neutral | ¥135.63B | 10.30 | ― | 6.68% | 41.54% | 6.84% | |
60 Neutral | ¥758.84B | 17.10 | 6.79% | 5.70% | -0.16% | 11.44% |
* Real Estate Sector Average
JP:3292
AEON REIT Investment Corp.
103,800.00
-20,015.69
-16.17%
JP:8955
Japan Prime Realty Investment
91,100.00
-9,342.88
-9.30%
JP:8953
Japan Retail Investment
105,500.00
-7,822.63
-6.90%
JP:3234
Mori Hills Reit Investment Corporation
115,200.00
-24,662.81
-17.63%
JP:3295
Hulic Reit, Inc.
135,600.00
-27,668.90
-16.95%
JP:3296
NIPPON REIT Investment Corp
74,100.00
-18,206.64
-19.72%
AEON REIT Investment Corp. Corporate Events
AEON REIT Secures ¥24.3bn in Long-Term Loans and Adds Green Financing
Oct 16, 2026
AEON REIT Investment Corporation has finalized the terms of a new series of unsecured long-term loans totaling approximately 24.3 billion yen with lending syndicates arranged mainly by Mizuho Bank, Sumitomo Mitsui Banking Corporation and Sumitomo ...
AEON REIT to Refinance ¥24.3 Billion in Loans with New Green Funding
Sep 30, 2026
AEON REIT Investment Corporation is a Japanese real estate investment trust specializing in retail and commercial properties, including large shopping malls such as AEON MALL Morioka. Managed by AEON Reit Management Co., Ltd., it uses conventional...
AEON REIT Sets Two-Year Rebuild Plan and Tightens Financial Strategy
Sep 14, 2026
AEON REIT Investment Corporation has outlined a two-year rebuilding period aimed at sustainable growth, centered on AEON MALL Kagoshima Bay and its broader portfolio. The company reviewed changes in the business environment since its IPO, identifi...
AEON REIT Adjusts Payout Mix as Lower Expenses Lift Net Income
Sep 14, 2026
AEON REIT Investment Corporation reported that distributions per unit for the fiscal period ended July 31, 2026 differed slightly from its earlier forecast, with ordinary distributions rising to ¥2,839 from ¥2,801 and distributions in ex...
AEON REIT posts softer profits but maintains full payout and steady outlook
Sep 14, 2026
AEON REIT Investment Corporation reported operating revenue of ¥21.4 billion for the fiscal period ended July 31, 2026, a slight increase from the prior term, while operating income and net income declined by around 10–12%. Despite weak...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.