Ichigo Hotel REIT Investment Corp. AI Stock Analysis
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Ichigo Hotel REIT Investment Corp. (3463) AI Stock Analysis
Ichigo Hotel REIT Investment Corp.
(TSE/TYO:3463)
The score is primarily held back by weaker financial quality signals (notably inconsistent/negative free cash flow and a sharp 2026 revenue decline) and bearish technical momentum (price below key moving averages with negative MACD). These are partially offset by comparatively attractive valuation characteristics, led by a high dividend yield and a moderate P/E.
Ichigo Hotel REIT Investment Corp. (3463) vs. iShares MSCI Japan ETF (EWJ)
- Market Cap
- JPY 35.01B
- Dividend Yield
- 7.49%
- Average Volume (3M)
- 983
- Price to Earnings (P/E)
- 13.4
- Beta (1Y)
- 0.36
- Revenue Growth
- -26.94%
- EPS Growth
- -44.90%
- Country
- Japan
- Employees
- ―
- Sector
- Real Estate
- Sector Strength
- 65
- Industry
- REIT - Hotel & Motel
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...
Ichigo Hotel REIT Investment Corp. Financial Statement Overview
Summary
Income statement strength (62) is supported by strong recent margins and a multi-year rebound through 2025, but 2026 revenue fell sharply (-26.8%) and margins cooled. Balance sheet is workable (58) but leverage increased (debt-to-equity ~0.93 vs ~0.75). Cash flow is the main drag (44) due to volatile and recently negative free cash flow, limiting financial flexibility.
Income Statement
62PositiveBalance Sheet
58NeutralCash Flow
44Neutral| 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 Neutral. The current price of 105500.00 is above the 20-day moving average (MA) of 103330.00, below the 50-day MA of 105844.00, and below the 200-day MA of 111389.20, indicating a neutral trend. The MACD of -387.51 indicates Negative momentum. The RSI at 55.51 is Neutral, neither overbought nor oversold. The STOCH value of 79.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:3463.
Ichigo Hotel REIT Investment Corp. Peers Comparison
Overall Rating
JP:347981Outperform
JP:898580Outperform
JP:328769Neutral- JP:346355Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| JP:3479 | 81Outperform | JPY 90.55B | 6.12 | ― | ― | 50.70% | 364.91% |
| JP:8985 | 80Outperform | JPY 506.32B | 17.38 | 8.24% | 5.91% | 14.90% | 5.75% |
| JP:3287 | 69Neutral | JPY 129.88B | 17.36 | ― | 6.27% | 44.46% | 34.92% |
| Sector * | 65Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% |
| JP:3463 | 55Neutral | JPY 34.39B | 13.36 | ― | 7.49% | -26.94% | -44.90% |
* Real Estate Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| JP:3463 | Ichigo Hotel REIT Investment Corp. | 105500.00 | -20849.97 | -16.50% | |
| JP:8985 | Japan Hotel Reit Investment Corporation | 85600.00 | -678.63 | -0.79% | |
| JP:3287 | Hoshino Resorts REIT, Inc. | 223900.00 | -23468.11 | -9.49% | |
| JP:3290 | One REIT. Inc. | 71500.00 | -14392.53 | -16.76% | |
| JP:3472 | Nippon Hotel & Residential Investment Corporation | 68000.00 | -10006.97 | -12.83% | |
| JP:3479 | TKP Corp | 2102.00 | 377.00 | 21.86% |
Ichigo Hotel REIT Investment Corp. Corporate Events
Ichigo Hotel REIT Posts Double-Digit Revenue and RevPAR Growth in September 2026
Ichigo Hotel REIT reported strong operating metrics for September 2026, with portfolio revenue rising around 19–22% year on year and key indicators such as RevPAR, occupancy, and ADR improving across both variable and fixed rent hotels. The robust gr...
Ichigo Hotel REIT Wins Shareholder Backing for Governance Changes and Director Slate
Ichigo Hotel REIT Investment Corporation, a Tokyo-based real estate investment trust specializing in hotel properties across Japan, is managed by Ichigo Investment Advisors and provides investors with access to the domestic hospitality real estate ma...
Ichigo Hotel REIT Switches Property Manager at Sapporo Nest Hotel
Ichigo Hotel REIT is shifting property management of the Nest hotel alt. Sapporo Odori to Daiwa House Realty Mgt., replacing Tokyo Capital Management as part of an ongoing review of operating partners. The new manager was chosen after evaluating mult...
Ichigo Hotel REIT August Revenue and RevPAR Decline Amid Renovations
Ichigo Hotel REIT reported weaker operating metrics for August 2026, with portfolio revenue from 23 operating hotels falling 3.9% year-on-year to JPY 1,056.9 million and RevPAR down 4.3%. Occupancy slipped to 84.9% and average daily room rates eased...
Ichigo Hotel REIT Extends Nationwide Shareholder Hotel Discount Program
Ichigo Hotel REIT is extending its shareholder hotel discount program, reaffirming its strategy of engaging investors while supporting Japan’s hotel industry. The program targets all shareholders on the July 31, 2026 registry, with benefits tied to s...
Ichigo Hotel REIT to Update Articles and Retain Board Ahead of Seventh Shareholder Meeting
Ichigo Hotel REIT Investment Corporation plans to amend its Articles of Incorporation to better align auditor compensation timing with the actual progress of audit procedures and to incorporate recent legal and regulatory changes. The revisions refle...
Ichigo Hotel REIT Tops July 2026 Earnings Forecasts on Strong Domestic Demand
Ichigo Hotel REIT reported that its July 2026 fiscal period earnings modestly exceeded its already revised forecast, supported by stronger-than-expected hotel performance. Operating revenue rose to JPY 2,902 million and net income reached JPY 1,231 m...
Ichigo Hotel REIT Highlights Sustainability Focus in July 2026 Presentation
Ichigo Hotel REIT Investment Corporation has released its corporate presentation for the July 2026 fiscal period, outlining its latest status and performance as a listed hotel-focused REIT. The disclosure underscores the company’s alignment with Ichi...
Ichigo Hotel REIT Sees Profit Decline but Keeps Payouts Steady
Ichigo Hotel REIT reported July 2026 fiscal period operating revenue of JPY 2,902 million, down 7.8% from the prior period, with net income falling 9.1% to JPY 1,231 million and net income per share at JPY 3,760. Despite the earnings decline, the REI...
Ichigo Hotel REIT Names OneFive Hotels as Specified Related Corporation After New Lease Deal
Ichigo Hotel REIT Investment Corporation has designated OneFive Hotels Inc. as a specified related corporation following a new lease agreement for HOTEL THE KNOT YOKOHAMA, effective October 15, 2026. The change stems from expected lease compensation...
Ichigo Hotel REIT Picks New Operator and Ups Guaranteed Rent at Yokohama Knot Hotel
Ichigo Hotel REIT Investment Corporation will change the operator of HOTEL THE KNOT YOKOHAMA to OneFive Hotels Inc. after the previous lease ended in March 2026, with the property undergoing renovations and scheduled to reopen as THE KNOT YOKOHAMA on...
Ichigo Hotel REIT Sees Softer 2026 Metrics Amid Renovation-Related Drag
Ichigo Hotel REIT reported largely flat year-on-year performance for July 2026 on its core operating portfolio of 22 hotels, with total revenue down 0.8% to JPY 938 million and slight declines in RevPAR, occupancy, and ADR. Variable-rent hotels showe...
Ichigo Hotel REIT Sets Rates on JPY 8.2 Billion in New Loans
Ichigo Hotel REIT Investment Corporation has set initial interest rates on new loans totaling JPY 8.2 billion, splitting JPY 4.05 billion into floating-rate tranches and JPY 4.15 billion into fixed-rate tranches with maturities ranging from roughly 2...
Ichigo Hotel REIT Secures ¥8.2 Billion Refinancing to Extend Debt Maturities
Ichigo Hotel REIT Investment Corporation has arranged JPY 8.2 billion in new bank loans with a syndicate of major Japanese lenders, including SMBC, Mizuho Bank, MUFG Bank as a new participant, SBI Shinsei Bank, Resona Bank, Aozora Bank, and The Bank...
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: Nov 05, 2026