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Japan Real Estate Investment
(8952)
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Rating:71Outperform
Price Target:
¥116,025
▼(-2.66% Downside)
Action:Upgraded
Date:08/06/26
The score is driven primarily by solid financial performance—strong revenue growth and profitability with a stable balance sheet—tempered by cash flow volatility and modest ROE. Technical signals are mixed with neutral momentum and near-oversold readings, while valuation is supported by a solid dividend yield but constrained by a relatively high P/E.
Positive Factors
Strong revenue growth
Revenue growth of 23.08% indicates strong demand and expanding operating activity. For a property-focused trust, sustained rental and property-related income growth can support distributions, strengthen internal funding capacity, and improve resilience over the next several quarters.
Negative Factors
Volatile free cash flow
Free cash flow volatility and a recent decline indicate that reported profits are not consistently translating into available cash. This may constrain funds for property investment, debt repayment, or distributions and could increase reliance on external financing over time.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth
Revenue growth of 23.08% indicates strong demand and expanding operating activity. For a property-focused trust, sustained rental and property-related income growth can support distributions, strengthen internal funding capacity, and improve resilience over the next several quarters.
Read all positive factors
Japan Real Estate Investment (8952) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥774.24B
Dividend Yield4.79%
Average Volume (3M)17.62K
Price to Earnings (P/E)20.8
Beta (1Y)0.16
Revenue Growth-1.30%
EPS Growth-3.43%
CountryJP
EmployeesN/A
SectorReal Estate
Sector Strength53
IndustryREIT - Office
Share Statistics
EPS (TTM)5118.04
Shares Outstanding7,283,580
10 Day Avg. Volume19,307
30 Day Avg. Volume17,617
Financial Highlights & Ratios
PEG Ratio-11.20
Price to Book (P/B)1.63
Price to Sales (P/S)8.57
P/FCF Ratio30.34
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)4,754.3
Revenue Forecast (FY)¥84.78B
Japan Real Estate Investment Business Overview & Revenue Model
Company Description
JRE's investment strategy focuses on a defined set of assets, primarily comprising direct real estate holdings and securities predominantly linked to real estate, with the goal of achieving consistent value growth over the medium to long term....
How the Company Makes Money
Japan Real Estate Investment Corporation primarily makes money from (1) rental revenue earned from tenants leasing space in its properties and (2) property-related income such as common area charges and other reimbursable operating income collecte...
Japan Real Estate Investment Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 100.94B | 103.38B | 84.00B | 75.89B | 73.75B | 71.75B |
| Gross Profit | 26.55B | 28.69B | 41.83B | 35.72B | 35.49B | 35.47B |
| EBITDA | 52.40B | 52.39B | 53.39B | 47.55B | 47.75B | 47.67B |
| Net Income | 36.41B | 36.67B | 37.48B | 33.24B | 32.84B | 32.43B |
Balance Sheet | ||||||
| Total Assets | 1.12T | 1.08T | 1.07T | 1.06T | 1.01T | 1.00T |
| Cash, Cash Equivalents and Short-Term Investments | 32.86B | 29.47B | 23.26B | 29.09B | 20.47B | 37.57B |
| Total Debt | 503.19B | 461.19B | 457.89B | 450.19B | 423.39B | 419.49B |
| Total Liabilities | 578.66B | 533.79B | 528.13B | 518.89B | 491.21B | 487.14B |
| Stockholders Equity | 543.57B | 542.83B | 541.42B | 538.40B | 517.76B | 516.45B |
Cash Flow | ||||||
| Free Cash Flow | 4.96B | 29.19B | 25.33B | -4.67B | 11.73B | 46.54B |
| Operating Cash Flow | 67.86B | 67.79B | 72.51B | 59.89B | 68.59B | 49.98B |
| Investing Cash Flow | -60.72B | -37.05B | -51.20B | -64.73B | -58.61B | -3.41B |
| Financing Cash Flow | -7.05B | -31.96B | -26.76B | 14.17B | -27.62B | -30.83B |
Japan Real Estate Investment Technical Analysis
Negative
119200.00
Price Trends
113586.45
Negative
113563.15
Negative
117108.13
Negative
Market Momentum
-2269.89
Positive
33.52
Neutral
13.84
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8952, the sentiment is Negative. The current price of 119200 is above the 20-day moving average (MA) of 109494.69, above the 50-day MA of 113586.45, and above the 200-day MA of 117108.13, indicating a bearish trend. The MACD of -2269.89 indicates Positive momentum. The RSI at 33.52 is Neutral, neither overbought nor oversold. The STOCH value of 13.84 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:8952.
Japan Real Estate Investment Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ¥135.92B | 17.76 | ― | 5.66% | -17.50% | -15.10% | |
71 Outperform | ¥774.24B | 20.77 | 6.70% | 4.79% | -1.30% | -3.43% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
63 Neutral | ¥490.73B | 18.24 | ― | 5.47% | 5.25% | 19.44% | |
62 Neutral | ¥1.05T | 23.76 | 5.88% | 4.16% | -21.35% | -7.99% | |
62 Neutral | ¥273.79B | 17.79 | ― | 5.34% | 23.62% | 10.38% | |
60 Neutral | ¥201.17B | 16.66 | ― | 5.76% | 19.76% | 7.95% |
* Real Estate Sector Average
JP:8952
Japan Real Estate Investment
106,300.00
-12,475.24
-10.50%
JP:8951
Nippon Building
118,800.00
-14,204.97
-10.68%
JP:3295
Hulic Reit, Inc.
139,700.00
-19,284.89
-12.13%
JP:8954
ORIX JREIT Inc.
88,900.00
-5,816.35
-6.14%
JP:8975
Ichigo Office REIT Investment Corporation
89,900.00
1,517.15
1.72%
JP:8976
Daiwa Office Investment Corporation
292,900.00
-50,443.56
-14.69%
Japan Real Estate Investment Corporate Events
Japan Real Estate Investment Extends Bilateral Credit Line and Streamlines Funding
Sep 1, 2026
Japan Real Estate Investment Corporation has extended by one year the term of its existing bilateral commitment line contract, pushing the expiration date from September 19, 2028 to September 19, 2029. The facility, totaling JPY 60 billion and pro...
Japan Real Estate Investment Rolls Over JPY 5 Billion Loan Without Raising Debt
Aug 31, 2026
Japan Real Estate Investment Corporation has arranged new debt financing of JPY 5 billion with The Norinchukin Bank to refinance an existing short-term loan maturing on September 2, 2026. The new unsecured, unguaranteed facility carries an interes...
Japan Real Estate Investment Overhauls Asset Manager Structure Amid Rate Shifts
Aug 28, 2026
Japan Real Estate Investment Corporation announced that its asset manager, Japan Real Estate Asset Management, will reorganize its structure to better respond to rising interest rates and portfolio growth. The company will establish a dedicated De...
Japan Real Estate Investment Corp. Refinances JPY 5bn Loan With New 10-Year Facility
Aug 28, 2026
Japan Real Estate Investment Corporation has arranged a new long-term loan of JPY 5 billion from Shinkin Central Bank to refinance an existing loan maturing on September 1, 2026. The new borrowing is an unsecured, unguaranteed facility with intere...
Japan Real Estate Investment Corp. Refinances ¥11 Billion Short-Term Debt
Aug 14, 2026
Japan Real Estate Investment Corporation has arranged new short-term debt financing of JPY 11 billion from MUFG Bank at a fixed interest rate of 1.53391 percent, with a lump-sum repayment due on November 18, 2026. The borrowing is based on an unse...
Japan Real Estate Investment to Prepay ¥4 Billion Short-Term Loan, Trim Debt Load
Aug 13, 2026
Japan Real Estate Investment Corporation will make an early repayment of a ¥4 billion short-term loan from Mizuho Bank on August 17, 2026, ahead of its original October 19, 2026 maturity date. The loan, an unsecured, unguaranteed overdraft bo...
Japan Real Estate Investment REIT to Prepay ¥5 Billion Short-Term Loan
Aug 7, 2026
Japan Real Estate Investment Corporation has decided to prepay a short-term loan of JPY 5 billion from Mizuho Bank, Ltd. on August 12, 2026, ahead of its original December 14, 2026 maturity, using cash on hand. The unsecured, unguaranteed overdraf...
Japan Real Estate Investment Corp Refinances Debt With New JPY 3 Billion Loan
Jul 21, 2026
Japan Real Estate Investment Corporation has arranged a new JPY 3 billion unsecured, unguaranteed long-term loan from SBI Shinsei Bank, with interest set at the three-month JBA JPY TIBOR plus 0.13%. The borrowing, dated July 23, 2026, carries a lu...
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.