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Ichigo Hotel REIT Investment Corp. (3463) AI Stock Analysis
Ichigo Hotel REIT Investment Corp.
(TSE/TYO:3463)
The stock scores 61, reflecting mixed signals. Attractive valuation and solid financial fundamentals are offset by a weak technical picture and recent revenue decline. The high dividend yield and low P/E provide support, but investors should monitor the hotel sector's cyclicality and the REIT's leverage.
Ichigo Hotel REIT Investment Corp. (3463) vs. iShares MSCI Japan ETF (EWJ)
- Market Cap
- JPY 33.63B
- Dividend Yield
- 7.69%
- Average Volume (3M)
- 1,003
- Price to Earnings (P/E)
- 13.0
- Beta (1Y)
- 0.38
- Revenue Growth
- -26.94%
- EPS Growth
- -44.90%
- Country
- Japan
- Employees
- ―
- Sector
- Real Estate
- Sector Strength
- 65
- Industry
- Asset Management
Ichigo Hotel REIT Investment Corp. Business Overview & Revenue Model
Company Description
Ichigo Hotel REIT Investment Corporation, known as Ichigo Hotel REIT, commenced trading on the J-REIT section of the Tokyo Stock Exchange on November 30, 2015. Its distinctive name, "Ichigo," draws inspiration from the venerable Japanese proverb "Ich...
How the Company Makes Money
Ichigo Hotel REIT Investment Corp. makes money primarily by earning real estate income from the hotel properties it owns. Its key revenue stream is rental and lease-related income paid by hotel operators/tenants under lease agreements (often structur...
Ichigo Hotel REIT Investment Corp. Financial Statement Overview
Summary
Ichigo Hotel REIT combines strong operating cash flow and healthy margins with manageable debt. However, recent revenue decline and negative free cash flow highlight cyclical risks and aggressive capital spending.
Income Statement
62PositiveBalance Sheet
68PositiveCash Flow
60Neutral| Breakdown | TTM | Jul 2025 | Jul 2024 | Jul 2023 | Jul 2023 | Jul 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.64B | 6.07B | 7.67B | 3.33B | 4.72B | 2.37B |
| Gross Profit | 2.11B | 4.22B | 7.67B | 2.18B | 3.29B | 1.27B |
| EBITDA | 4.36B | 4.41B | 10.84B | 2.26B | 3.22B | 1.64B |
| Net Income | 2.59B | 2.73B | 4.31B | 1.29B | 1.97B | 704.49M |
Balance Sheet | ||||||
| Total Assets | 80.81B | 81.29B | 78.37B | 59.04B | 74.94B | 59.36B |
| Cash, Cash Equivalents and Short-Term Investments | 6.92B | 7.11B | 6.05B | 1.65B | 1.55B | 4.58B |
| Total Debt | 38.02B | 38.02B | 32.47B | 25.47B | 32.47B | 26.34B |
| Total Liabilities | 39.88B | 40.24B | 35.36B | 26.72B | 34.24B | 27.40B |
| Stockholders Equity | 40.93B | 41.05B | 43.01B | 32.32B | 40.69B | 31.96B |
Cash Flow | ||||||
| Free Cash Flow | -315.93M | -2.63B | 10.10B | -840.15M | -13.09B | 411.75M |
| Operating Cash Flow | 5.45B | 10.67B | 10.10B | 2.21B | 2.42B | 1.54B |
| Investing Cash Flow | -5.80B | -13.29B | -3.20B | -3.03B | -15.30B | -1.16B |
| Financing Cash Flow | -732.16M | 862.05M | -1.97B | -931.68M | 13.38B | -611.61M |
Ichigo Hotel REIT Investment Corp. Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3463, the sentiment is Negative. The current price of 102700.00 is above the 20-day moving average (MA) of 102680.00, below the 50-day MA of 107236.00, and below the 200-day MA of 111961.55, indicating a neutral trend. The MACD of -998.76 indicates Negative momentum. The RSI at 42.52 is Neutral, neither overbought nor oversold. The STOCH value of 40.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3463.
Ichigo Hotel REIT Investment Corp. Peers Comparison
Overall Rating
JP:328769Neutral
JP:898568Neutral- JP:346361Neutral
JP:347959Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| JP:3287 | 69Neutral | JPY 127.83B | 16.92 | ― | 6.43% | 44.46% | 34.92% |
| JP:8985 | 68Neutral | JPY 500.38B | 17.10 | 8.24% | 6.01% | 14.90% | 5.75% |
| Sector * | 65Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% |
| JP:3463 | 61Neutral | JPY 33.63B | 13.01 | ― | 7.69% | -26.94% | -44.90% |
| JP:3479 | 59Neutral | JPY 82.19B | 5.67 | ― | ― | 50.70% | 364.91% |
* Real Estate Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| JP:3463 | Ichigo Hotel REIT Investment Corp. | 102700.00 | -21019.63 | -16.99% | |
| JP:8985 | Japan Hotel Reit Investment Corporation | 84200.00 | -1134.66 | -1.33% | |
| JP:3287 | Hoshino Resorts REIT, Inc. | 218200.00 | -24547.05 | -10.11% | |
| JP:3290 | One REIT. Inc. | 73500.00 | -10787.95 | -12.80% | |
| JP:3472 | Nippon Hotel & Residential Investment Corporation | 65600.00 | -11089.61 | -14.46% | |
| JP:3479 | TKP Corp | 1947.00 | 221.00 | 12.80% |
Ichigo Hotel REIT Investment Corp. Corporate Events
Ichigo Hotel REIT Completes Sale of Tokyo Livemax Property
Ichigo Hotel REIT has completed the previously announced sale of the Hotel Livemax Nihombashi-Hakozaki in Tokyo, transferring its trust beneficiary interest in the property. The deal, contracted on May 15, 2026, closed on July 30, 2026 at a sale pric...
Ichigo Hotel REIT Posts Softer June 2026 Hotel Earnings on Weaker Demand
Ichigo Hotel REIT reported weaker operating metrics for June 2026 across most of its hotel portfolio, with revenue, RevPAR, occupancy and ADR all declining year on year for the 24 hotels in operation. Variable-rent properties saw the sharpest drops,...
Ichigo Hotel REIT Sees Revenue and RevPAR Declines as Variable Rent Hotels Weigh on Results
Ichigo Hotel REIT reported weaker operating metrics for May 2026, as portfolio revenue for 24 operating hotels declined 3.3% year-on-year, with RevPAR down 3.6% and occupancy slipping to 84.3%, while ADR eased 0.8%. Variable rent hotels were the main...
Ichigo Hotel REIT Sees April Revenue Drop on Weaker Occupancy and Renovations
Ichigo Hotel REIT reported weaker operating metrics for April 2026, with portfolio revenue for 24 operating hotels falling 7.8% year-on-year and RevPAR down 8.3%, driven by lower occupancy and average daily rates. Variable rent hotels were the main d...
Ichigo Hotel REIT Sells Tokyo Property to Fund Higher-Growth Investments
Ichigo Hotel REIT Investment Corporation has agreed to sell the lodging-focused Hotel Livemax Nihombashi-Hakozaki in Tokyo, a 2015-built property it acquired in 2016, for JPY 1.58 billion to an undisclosed Japanese buyer. The sale price represents ro...
Ichigo Hotel REIT Lifts July 2026 Earnings Outlook on Asset Sale Gain
Ichigo Hotel REIT has raised its earnings forecast for the July 2026 fiscal period, projecting higher operating revenue, profit, and net income than previously announced. The REIT now expects net income of JPY 1,167 million and a dividend of JPY 3,56...
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.
Date of analysis: Aug 04, 2026