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TOKYU REIT
(8957)
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Rating:65Neutral
Price Target:
¥198,875
▲(7.91% Upside)
Action:Reiterated
Date:09/15/26
The score is primarily supported by solid financial performance (strong profitability and manageable leverage), offset by uneven free cash flow. Valuation is helped by a strong dividend yield and a moderate P/E. Technical signals are neutral-to-weak (negative MACD and trading below key moving averages), which tempers the overall score.
Positive Factors
Consistently high profitability
Consistently high profit margins indicate that Tokyu REIT has retained strong earnings conversion across the period. This profitability provides resilience when revenue fluctuates, supports distributions and reinvestment, and offers a durable base for performance over the next several quarters.
Negative Factors
Volatile revenue trajectory
The uneven revenue path makes the top line less predictable over the medium term. Although the 2026 rebound is encouraging, repeated declines beforehand imply that earnings growth may depend on variable asset-level conditions, limiting confidence in steady expansion across future periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistently high profitability
Consistently high profit margins indicate that Tokyu REIT has retained strong earnings conversion across the period. This profitability provides resilience when revenue fluctuates, supports distributions and reinvestment, and offers a durable base for performance over the next several quarters.
Read all positive factors
TOKYU REIT (8957) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥175.16B
Dividend Yield4.4%
Average Volume (3M)1.92K
Price to Earnings (P/E)16.4
Beta (1Y)0.19
Revenue Growth10.37%
EPS Growth13.22%
CountryJP
Employees45
SectorReal Estate
Sector Strength53
IndustryREIT - Diversified
Share Statistics
EPS (TTM)11140.72
Shares Outstanding961,371
10 Day Avg. Volume2,412
30 Day Avg. Volume1,917
Financial Highlights & Ratios
PEG Ratio1.29
Price to Book (P/B)1.44
Price to Sales (P/S)6.08
P/FCF Ratio12.86
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)8,772
Revenue Forecast (FY)¥18.81B
TOKYU REIT Business Overview & Revenue Model
Company Description
TOKYU REIT, Inc. was established on June 20, 2003, with the core objective of investing in real estate assets. This entity was formed in accordance with Japan's Investment Trust Law, which is formally known as the Law Concerning Investment Trusts ...
TOKYU REIT Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
66
Positive
Cash Flow
62
Positive
| Breakdown | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 30.01B | 17.69B | 18.63B | 20.25B | 20.31B |
| Gross Profit | 10.08B | 9.04B | 11.79B | 13.87B | 14.12B |
| EBITDA | 13.61B | 10.66B | 11.93B | 13.84B | 13.99B |
| Net Income | 10.71B | 9.59B | 9.16B | 11.15B | 11.41B |
Balance Sheet | |||||
| Total Assets | 244.66B | 244.31B | 249.95B | 241.45B | 224.64B |
| Cash, Cash Equivalents and Short-Term Investments | 10.68B | 3.68B | 1.10B | 5.56B | 3.09B |
| Total Debt | 104.00B | 106.50B | 111.50B | 104.50B | 93.00B |
| Total Liabilities | 117.85B | 120.70B | 125.30B | 118.64B | 105.10B |
| Stockholders Equity | 126.72B | 123.61B | 124.65B | 122.82B | 119.54B |
Cash Flow | |||||
| Free Cash Flow | 14.19B | 18.02B | -4.15B | -1.87B | 23.68B |
| Operating Cash Flow | 22.09B | 19.44B | 13.78B | 19.54B | 53.14B |
| Investing Cash Flow | -7.88B | -1.34B | -17.30B | -20.27B | -30.95B |
| Financing Cash Flow | -10.19B | -15.63B | -330.60M | 3.60B | -20.00B |
TOKYU REIT Technical Analysis
Negative
184300.00
Price Trends
186443.65
Negative
183912.12
Negative
191913.35
Negative
Market Momentum
-619.72
Positive
40.36
Neutral
16.37
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8957, the sentiment is Negative. The current price of 184300 is below the 20-day moving average (MA) of 184630.00, below the 50-day MA of 186443.65, and below the 200-day MA of 191913.35, indicating a bearish trend. The MACD of -619.72 indicates Positive momentum. The RSI at 40.36 is Neutral, neither overbought nor oversold. The STOCH value of 16.37 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:8957.
TOKYU REIT Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥380.54B | 19.74 | 6.67% | 4.53% | -13.45% | -0.93% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
65 Neutral | ¥175.16B | 16.35 | 8.51% | 4.40% | 10.37% | 13.22% | |
65 Neutral | ¥578.01B | 16.99 | 5.37% | 5.78% | 3.41% | 1.19% | |
64 Neutral | ¥202.87B | 17.05 | ― | 5.89% | -5.60% | -3.93% | |
61 Neutral | ¥227.98B | 19.16 | ― | 5.11% | -0.97% | -1.38% | |
60 Neutral | ¥491.84B | 17.91 | 7.25% | 5.68% | -1.59% | 7.45% |
* Real Estate Sector Average
JP:8957
TOKYU REIT
182,200.00
-10,089.19
-5.25%
JP:8955
Japan Prime Realty Investment
94,000.00
-6,163.88
-6.15%
JP:8960
United Urban Investment
153,700.00
-18,083.16
-10.53%
JP:8972
Kenedix Office Investment Corporation
143,100.00
-18,234.90
-11.30%
JP:3234
Mori Hills Reit Investment Corporation
121,300.00
-14,927.53
-10.96%
JP:8964
Frontier Real Estate Investment Corporation
75,000.00
-10,844.41
-12.63%
TOKYU REIT Corporate Events
TOKYU REIT Buys Shin-Maruko Residential Asset to Bolster Urban Portfolio
Sep 14, 2026
TOKYU REIT will acquire the newly built rental apartment building STYLIO SHIN-MARUKO EKIMAE in Kawasaki’s Nakahara ward for ¥2.2 billion from its sponsor, Tokyu Corporation. The property, completed in October 2025, sits a one-minute wal...
Tokyu REIT Lifts Profit and Maintains Payouts as It Braces for Earnings Decline
Sep 14, 2026
Tokyu REIT reported modest growth for the fiscal period ended July 2026, with operating revenues rising 1.4% to ¥10.5 billion and net income increasing 6.8% to ¥5.53 billion, supported by higher operating income and improved margins. The...
TOKYU REIT Extends Deadline for Compliance Work at Tokyu Susukino Building
Jul 27, 2026
TOKYU REIT has agreed with seller Tokyu Corporation to further extend the deadline for corrective actions related to legal compliance issues identified in fire protection equipment at the Tokyu Susukino Building. The completion date, initially set...
TOKYU REIT Extends ¥8 Billion Commitment Lines to Support Liquidity and Future Investments
Jul 10, 2026
TOKYU REIT has extended and amended its commitment line agreements with MUFG Bank, Sumitomo Mitsui Trust Bank and Mizuho Bank, maintaining a total facility of ¥8.0 billion to bolster liquidity and support future investment opportunities. The ...
TOKYU REIT Extends ¥8 Billion Commitment Line to Bolster Liquidity
Jun 24, 2026
TOKYU REIT has amended the term of its ¥8.0 billion commitment line agreement with the Development Bank of Japan, extending the commitment period by one year from July 2, 2026 to July 1, 2027. The line remains unsecured and unguaranteed, and ...
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.