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XYMAX REIT Investment Corp.
(3488)
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Rating:61Neutral
Price Target:
¥109,087
▼(-6.12% Downside)
Action:Reiterated
Date:10/21/26
The score is primarily constrained by financial quality risks: cash flow is weak and volatile (including sharply negative free cash flow) and leverage has been trending higher. Offsetting this, reported profitability and recent revenue growth are strong, and valuation is supported by a high dividend yield. Technical indicators are mixed and do not provide a clear bullish confirmation.
Positive Factors
Revenue Growth
The latest annual re-acceleration in revenue indicates stronger operating momentum and renewed growth after a slower period. If sustained, this expansion can support property-level earnings, improve the platform’s ability to absorb fixed costs, and strengthen distribution capacity over the next several quarters.
Negative Factors
Rising Leverage
The material increase in debt and debt-to-equity shows that leverage is moving higher rather than remaining stable. Greater borrowing can reduce financial flexibility, increase exposure to financing costs, and leave less capacity to respond if property performance weakens or funding conditions become less favorable.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
The latest annual re-acceleration in revenue indicates stronger operating momentum and renewed growth after a slower period. If sustained, this expansion can support property-level earnings, improve the platform’s ability to absorb fixed costs, and strengthen distribution capacity over the next several quarters.
Read all positive factors
XYMAX REIT Investment Corp. (3488) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥27.59B
Dividend Yield6.33%
Average Volume (3M)1.15K
Price to Earnings (P/E)15.7
Beta (1Y)0.22
Revenue Growth-3.88%
EPS Growth-4.03%
CountryJP
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryREIT - Diversified
Share Statistics
EPS (TTM)N/A
Shares Outstanding262,790
10 Day Avg. Volume1,161
30 Day Avg. Volume1,149
Financial Highlights & Ratios
PEG Ratio-3.82
Price to Book (P/B)0.94
Price to Sales (P/S)6.36
P/FCF Ratio-5.15
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)N/A
Revenue Forecast (FY)N/A
XYMAX REIT Investment Corp. Business Overview & Revenue Model
Company Description
Established on February 15, 2018, XYMAX REIT Investment Corporation, also known as XYMAX REIT, operates as a diversified, publicly listed Japanese Real Estate Investment Trust (J-REIT) on the Tokyo Stock Exchange's Real Estate Investment Trust Sec...
XYMAX REIT Investment Corp. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
64
Positive
Cash Flow
41
Neutral
| Breakdown | Feb 2026 | Feb 2025 | Feb 2024 | Feb 2023 | Feb 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.12B | 3.56B | 3.35B | 3.31B | 3.49B |
| Gross Profit | 1.73B | 2.33B | 2.17B | 2.11B | 2.44B |
| EBITDA | 2.43B | 2.30B | 2.16B | 2.07B | 2.28B |
| Net Income | 1.70B | 1.74B | 1.65B | 1.60B | 1.87B |
Balance Sheet | |||||
| Total Assets | 56.39B | 48.80B | 48.43B | 48.23B | 48.67B |
| Cash, Cash Equivalents and Short-Term Investments | 4.39B | 976.57M | 3.90B | 1.25B | 1.54B |
| Total Debt | 25.20B | 19.90B | 19.71B | 19.71B | 19.95B |
| Total Liabilities | 28.34B | 22.54B | 22.16B | 22.00B | 22.23B |
| Stockholders Equity | 27.86B | 26.26B | 26.27B | 26.23B | 26.44B |
Cash Flow | |||||
| Free Cash Flow | -5.09B | 1.24B | 1.73B | 1.77B | -6.45B |
| Operating Cash Flow | 1.93B | 2.61B | 1.95B | 2.03B | 4.80B |
| Investing Cash Flow | -6.58B | -1.08B | -216.02M | -254.19M | -10.82B |
| Financing Cash Flow | 5.19B | -1.58B | -1.63B | -2.05B | 7.20B |
XYMAX REIT Investment Corp. Technical Analysis
Positive
116200.00
Price Trends
103614.48
Positive
102439.20
Positive
105315.68
Negative
Market Momentum
235.99
Positive
52.40
Neutral
44.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3488, the sentiment is Positive. The current price of 116200 is above the 20-day moving average (MA) of 105025.00, above the 50-day MA of 103614.48, and above the 200-day MA of 105315.68, indicating a neutral trend. The MACD of 235.99 indicates Positive momentum. The RSI at 52.40 is Neutral, neither overbought nor oversold. The STOCH value of 44.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3488.
XYMAX REIT Investment Corp. Peers Comparison
UnderperformOutperform
Sector (55)
JP:3488
XYMAX REIT Investment Corp.
104,800.00
-7,161.90
-6.40%
JP:2989
Tokaido REIT, Inc.
87,000.00
-21,143.00
-19.55%
JP:3451
Tosei Reit Investment Corporation
122,400.00
-21,231.98
-14.78%
JP:3470
Marimo Regional Revitalization REIT, Inc.
91,900.00
-12,127.47
-11.66%
JP:3487
CRE Logistics REIT, Inc
126,500.00
-21,925.28
-14.77%
JP:3492
Takara Leben Real Estate Investment Corp.
75,200.00
-13,286.25
-15.02%
XYMAX REIT Investment Corp. Corporate Events
CENTRAL REIT Lifts Earnings and Distributions but Signals Softer Outlook for 2027
Oct 19, 2026
CENTRAL REIT reported operating revenue of ¥1,967 million for the fiscal period ended August 2026, down 8.8% from the previous period, but boosted operating income by 14.9% to ¥1,075 million and net income by 10.9% to ¥896 million. ...
CENTRAL REIT Announces Leadership Changes at REIT and Asset Manager
Aug 31, 2026
CENTRAL REIT Investment Corporation announced a planned leadership reshuffle at its asset management company, MEITETSU XYMAX ASSET MANAGEMENT, including the resignation of President and Representative Director Sunao Takeda and the scheduled appoin...
MEITETSU XYMAX Restructures CENTRAL REIT Asset Management Organization
Jul 31, 2026
MEITETSU XYMAX ASSET MANAGEMENT, which manages the assets of CENTRAL REIT Investment Corporation, is reorganizing its internal structure to support the future growth of the Tokyo-listed real estate investment trust. The firm’s responsibiliti...
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.