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ORIX JREIT Inc.
(8954)
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Rating:63Neutral
Price Target:
¥103,305
▼(-3.27% Downside)
Action:Reiterated
Date:09/07/26
The score is primarily supported by solid operating performance and profitability (income statement strength) and an attractive ~5% dividend yield. Offsetting this are meaningful cash-flow volatility (weak cash-flow score) and only moderate technical momentum with the price sitting slightly below several key moving averages.
Positive Factors
Steady Revenue Growth
Several years of steady revenue growth, accelerating to about 4.5% in the latest annual period, supports recurring rental-income expansion. For a property portfolio, this indicates durable operating traction and provides a foundation for distributions and reinvestment.
Negative Factors
Volatile Free Cash Flow
Free cash flow has swung from positive to negative in multiple years, with negative conversion versus net income in 2024 and 2025. Such unpredictability can complicate funding for acquisitions, debt service, and distributions even after the latest rebound.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady Revenue Growth
Several years of steady revenue growth, accelerating to about 4.5% in the latest annual period, supports recurring rental-income expansion. For a property portfolio, this indicates durable operating traction and provides a foundation for distributions and reinvestment.
Read all positive factors
ORIX JREIT Inc. (8954) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥490.73B
Dividend Yield5.47%
Average Volume (3M)13.36K
Price to Earnings (P/E)18.2
Beta (1Y)0.10
Revenue Growth5.25%
EPS Growth19.44%
CountryJP
Employees80
SectorGeneral
Sector StrengthN/A
IndustryREIT - Office
Share Statistics
EPS (TTM)4873.19
Shares Outstanding5,520,000
10 Day Avg. Volume12,573
30 Day Avg. Volume13,355
Financial Highlights & Ratios
PEG Ratio1.48
Price to Book (P/B)1.62
Price to Sales (P/S)9.65
P/FCF Ratio12.89
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)5,047.49
Revenue Forecast (FY)¥54.27B
ORIX JREIT Inc. Business Overview & Revenue Model
Company Description
ORIX JREIT Inc. (OJR) began operations on September 10, 2001, and made its debut on the Tokyo Stock Exchange on June 12, 2002, marking it as the fourth Real Estate Investment Trust (JREIT) to be publicly traded in Japan. Functioning as an external...
How the Company Makes Money
ORIX JREIT Inc. primarily makes money by earning rental and related property income from its real estate portfolio and distributing net income to unitholders after expenses.
Key revenue streams and earnings drivers include:
- Rental income from t...
ORIX JREIT Inc. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
64
Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Feb 2026 | Feb 2025 | Feb 2024 | Feb 2023 | Feb 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 66.58B | 59.54B | 56.99B | 55.01B | 51.37B | 49.86B |
| Gross Profit | 21.24B | 31.02B | 17.87B | 28.71B | 24.83B | 27.03B |
| EBITDA | 39.41B | 38.89B | 32.42B | 32.57B | 32.82B | 31.07B |
| Net Income | 26.90B | 26.90B | 23.51B | 23.05B | 19.05B | 21.13B |
Balance Sheet | ||||||
| Total Assets | 743.35B | 743.35B | 685.77B | 685.00B | 677.84B | 682.98B |
| Cash, Cash Equivalents and Short-Term Investments | 17.54B | 17.54B | 26.80B | 21.15B | 42.07B | 50.41B |
| Total Debt | 347.70B | 347.70B | 296.20B | 297.09B | 292.09B | 294.54B |
| Total Liabilities | 389.71B | 389.71B | 335.48B | 335.18B | 329.96B | 332.30B |
| Stockholders Equity | 353.64B | 353.64B | 350.30B | 349.82B | 347.87B | 350.68B |
Cash Flow | ||||||
| Free Cash Flow | -37.79B | 44.59B | -15.97B | -4.18B | 17.63B | 23.80B |
| Operating Cash Flow | 44.59B | 44.59B | 34.52B | 58.80B | 36.61B | 36.17B |
| Investing Cash Flow | -81.80B | -81.80B | -49.91B | -59.78B | -19.59B | -12.33B |
| Financing Cash Flow | 27.96B | 27.96B | 8.55B | -16.14B | -24.30B | -22.45B |
ORIX JREIT Inc. Technical Analysis
Negative
106800.00
Price Trends
96232.69
Negative
95283.31
Negative
97307.66
Negative
Market Momentum
-2030.08
Positive
20.63
Positive
2.48
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8954, the sentiment is Negative. The current price of 106800 is above the 20-day moving average (MA) of 93405.00, above the 50-day MA of 96232.69, and above the 200-day MA of 97307.66, indicating a bearish trend. The MACD of -2030.08 indicates Positive momentum. The RSI at 20.63 is Positive, neither overbought nor oversold. The STOCH value of 2.48 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:8954.
ORIX JREIT Inc. Peers Comparison
UnderperformOutperform
Sector (55)
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% | |
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% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
JP:8954
ORIX JREIT Inc.
88,900.00
-5,816.35
-6.14%
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: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%
ORIX JREIT Inc. Corporate Events
ORIX JREIT Accelerates Strategic Acquisitions to Drive Distribution Growth
Aug 26, 2026
ORIX JREIT has pursued a series of strategic property acquisitions totaling ¥132.3 billion since its fiscal period ended August 2025, targeting offices, hotels and residential assets with appraisal NOI yields largely in the 3.7% to 7.6% range...
ORIX JREIT to Boost Portfolio with Tokyo and Okinawa Office Acquisitions
Aug 26, 2026
ORIX JREIT has agreed to acquire a 50 percent quasi co-ownership interest in Toyosu Prime Square in Tokyo and to incrementally purchase an additional 50 percent interest in the Naha Shin-Toshin Center Building in Okinawa. The transactions, totalin...
ORIX JREIT to Use New Borrowing for Tenjin North Front Building Acquisition
Aug 13, 2026
ORIX JREIT Inc. has revised the funding plan for its acquisition of the Tenjin North Front Building, shifting from solely using cash on hand to a mix of cash and new borrowing. The change reflects a decision to leverage debt financing alongside in...
ORIX JREIT Secures New Loans, Prepays Debt to Fund Tenjin North Front Acquisition
Aug 13, 2026
ORIX JREIT Inc. has arranged ¥3 billion in new long-term loans with three regional banks, including a ¥1 billion sustainability-linked loan from The Higo Bank that ties interest margins to achieving a 42% reduction in a specified environ...
ORIX JREIT Extends MUFG Commitment Line While Keeping Total Limit Unchanged
Jul 29, 2026
ORIX JREIT Inc. has amended a key commitment line agreement with MUFG Bank, Ltd., expanding the facility’s limit from JPY 4.0 billion to JPY 10.0 billion and extending its maturity from August 2027 to July 2029, while maintaining an unsecure...
ORIX JREIT Extends Debt Maturities With ¥12 Billion Refinancing
Jul 13, 2026
ORIX JREIT Inc. has arranged ¥12 billion in new floating-rate loans from a group of regional and major banks, with maturities stretching from 2031 to 2036 and no collateral or guarantees attached. The financing is based on JBA 1-month and 3-m...
ORIX JREIT Reports No Major Damage at Iwate Retail Asset After Strong Quake
Jun 25, 2026
ORIX JREIT Inc. reported on the impact of an earthquake with a maximum seismic intensity of upper 6 that struck off the coast of Iwate Prefecture on June 25, 2026. The company conveyed sympathy to those affected and noted that, as of now, there ha...
ORIX JREIT Secures ¥10.2 Billion in Loans to Refinance Existing Debt
Jun 18, 2026
ORIX JREIT Inc. has arranged ¥10.2 billion in new loans from a syndicate of major Japanese lenders, including Sumitomo Mitsui Trust Bank, MUFG Bank, Development Bank of Japan and others, with a mix of floating and fixed rates and maturities r...
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.