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Kenedix Office Investment Corporation (8972) AI Stock Analysis
Kenedix Office Investment Corporation
(TSE/TYO:8972)
The score is driven most by solid financial performance (strong income statement but offset by leverage and uneven cash flow) and a weak technical setup (below key moving averages with negative MACD). Valuation is a modest positive, mainly due to the high dividend yield.
Kenedix Office Investment Corporation (8972) vs. iShares MSCI Japan ETF (EWJ)
- Market Cap
- JPY 557.32B
- Dividend Yield
- 6.17%
- Average Volume (3M)
- 11.38K
- Price to Earnings (P/E)
- 16.5
- Beta (1Y)
- 0.12
- Revenue Growth
- 3.41%
- EPS Growth
- 1.19%
- Country
- Japan
- Employees
- 33
- Sector
- General
- Sector Strength
- 55
- Industry
- REIT - Diversified
Kenedix Office Investment Corporation Business Overview & Revenue Model
Company Description
Operating as a real estate investment trust (REIT), KDX Realty Investment Corporation specializes in acquiring various property types. The company's portfolio primarily comprises office, residential, and retail structures strategically situated acros...
How the Company Makes Money
Kenedix Office Investment Corporation makes money primarily by earning rental-related income from its portfolio of office properties. Its core revenue stream is lease revenue (base rent) paid by corporate and other tenants occupying space in its buil...
Kenedix Office Investment Corporation Financial Statement Overview
Summary
Income statement strength (82) is tempered by balance-sheet leverage and modest ROE (64) plus inconsistent cash conversion and volatile free cash flow (55). Overall: strong reported growth/profitability, but sustainability is constrained by leverage and uneven cash realization.
Income Statement
82Very PositiveBalance Sheet
64PositiveCash Flow
55Neutral| Breakdown | TTM | Apr 2026 | Apr 2025 | Apr 2024 | Apr 2023 | Apr 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 97.87B | 78.72B | 78.06B | 39.54B | 32.16B | 31.33B |
| Gross Profit | 36.35B | 46.67B | 47.34B | 18.27B | 17.14B | 17.20B |
| EBITDA | 50.05B | 48.98B | 63.66B | 21.18B | 19.70B | 19.66B |
| Net Income | 34.02B | 33.83B | 49.40B | 13.78B | 12.95B | 12.93B |
Balance Sheet | ||||||
| Total Assets | 1.28T | 1.25T | 1.24T | 475.37B | 473.01B | 456.33B |
| Cash, Cash Equivalents and Short-Term Investments | 38.32B | 49.66B | 24.86B | 28.94B | 20.38B | 19.27B |
| Total Debt | 584.43B | 565.43B | 548.40B | 214.95B | 214.95B | 198.75B |
| Total Liabilities | 642.04B | 622.35B | 606.12B | 243.84B | 243.45B | 225.78B |
| Stockholders Equity | 634.26B | 632.30B | 635.86B | 231.52B | 229.56B | 230.54B |
Cash Flow | ||||||
| Free Cash Flow | 13.23B | 45.91B | -18.14B | 20.04B | -1.16B | 18.52B |
| Operating Cash Flow | 66.54B | 82.72B | 57.06B | 21.88B | 20.90B | 20.88B |
| Investing Cash Flow | -52.89B | -37.83B | -73.68B | -675.89M | -20.12B | -2.16B |
| Financing Cash Flow | -6.42B | -21.76B | -5.85B | -12.63B | 1.19B | -16.20B |
Kenedix Office Investment Corporation Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8972, the sentiment is Neutral. The current price of 136600.00 is above the 20-day moving average (MA) of 135703.50, below the 50-day MA of 139538.62, and below the 200-day MA of 151266.82, indicating a neutral trend. The MACD of -773.97 indicates Negative momentum. The RSI at 58.69 is Neutral, neither overbought nor oversold. The STOCH value of 40.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:8972.
Kenedix Office Investment Corporation Peers Comparison
Overall Rating
JP:895576.25Outperform- JP:897263Neutral
JP:323461Neutral
JP:895660Neutral
JP:896060Neutral
JP:896453Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| JP:8955 | 76Outperform | JPY 383.77B | 19.43 | 6.67% | 4.60% | -13.45% | -0.93% |
| JP:8972 | 63Neutral | JPY 557.32B | 16.54 | 5.37% | 6.17% | 3.41% | 1.19% |
| JP:3234 | 61Neutral | JPY 220.46B | 18.07 | ― | 5.42% | -0.97% | -1.38% |
| JP:8956 | 60Neutral | JPY 173.09B | 18.83 | ― | 5.41% | 14.47% | 1.64% |
| JP:8960 | 60Neutral | JPY 487.36B | 17.43 | 7.25% | 5.84% | -1.59% | 7.45% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| JP:8964 | 53Neutral | JPY 197.74B | 16.26 | ― | 6.17% | -5.60% | -3.93% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| JP:8972 | Kenedix Office Investment Corporation | 136600.00 | -26153.40 | -16.07% | |
| JP:8955 | Japan Prime Realty Investment Corporation | 92500.00 | -8134.56 | -8.08% | |
| JP:8960 | United Urban Investment Corporation | 149600.00 | -29936.10 | -16.67% | |
| JP:3234 | Mori Hills Reit Investment Corporation | 114400.00 | -27280.47 | -19.25% | |
| JP:8956 | NTT UD REIT Investment Corporation | 115400.00 | -15611.28 | -11.92% | |
| JP:8964 | Frontier Real Estate Investment Corporation | 71500.00 | -15200.00 | -17.53% |
Kenedix Office Investment Corporation Corporate Events
KDX Realty Raises ¥10 Billion to Fund PREGIO Property Acquisitions
KDX Realty Investment Corporation has arranged a new unsecured, unguaranteed debt financing totaling 10 billion yen under its Series 0060 borrowings, with multiple tranches from major lenders including MUFG Bank, Daiwa Next Bank, Shinkin Central Bank...
KDX Realty REIT Revises Property Management Fee Structure Amid Portfolio Expansion
Kenedix Real Estate Fund Management, asset manager for KDX Realty Investment Corporation, will amend its management guidelines to revise the fee schedule paid to group firm Kenedix Property Design for property management. The changes respond to a mor...
KDX Realty Investment Corporation Locks In Fixed-Rate Funding for Series 0059 Loans
KDX Realty Investment Corporation has finalized interest rates on previously announced Series 0059 debt financings, securing two unsecured, fixed-rate loans totaling ¥1 billion from Sumitomo Mitsui Trust Bank and The Keiyo Bank. The borrowings,...
KDX Realty Investment Raises ¥25.3 Billion, Strengthens Green Financing and Refinances 2026 Maturities
KDX Realty Investment Corporation has arranged a new series of unsecured borrowings totaling 25.3 billion yen from a syndicate of major Japanese banks, with tenors ranging from 2027 to 2031 and a mix of floating and fixed-rate tranches tied to JPY TI...
KDX Realty Investment Sells Yokohama Retail Land to Lift Portfolio Returns
KDX Realty Investment Corporation has agreed to sell the land asset Inageya Yokohama Minamihonjuku, a retail-focused property in Asahi-ku, Yokohama, for ¥1,702 million, exceeding its assumed book value of ¥1,400 million. The transaction, sc...
KDX Realty Investment Locks In Fixed-Rate Loan for Series 0058 Financing
KDX Realty Investment Corporation has set the interest rate on a previously announced Series 0058 debt financing, locking in a fixed rate of 2.69375% on a ¥2.5 billion loan from Sumitomo Mitsui Trust Bank. The unsecured, unguaranteed borrowing w...
KDX Realty Investment Corporation to Cancel 38,332 Own Investment Units
KDX Realty Investment Corporation has resolved at its Board of Directors meeting to cancel all 38,332 of its own investment units that it previously acquired, representing 0.95% of its total units outstanding before the move. The cancellation, schedu...
KDX Realty Investment Raises ¥32.1 Billion in New Debt, Expands Green and Social Financing
KDX Realty Investment Corporation has arranged new debt financing totaling 32.1 billion yen through multiple unsecured term loans with major Japanese banks, including Sumitomo Mitsui, MUFG, Resona and regional lenders. The new borrowings feature floa...
KDX Realty Investment Lifts 2027 Payout Forecast on Acquisitions and Unit Cancellation
KDX Realty Investment Corporation has revised its operating and distribution forecasts for the fiscal periods ending October 31, 2026 and April 30, 2027, reflecting portfolio changes and capital actions. For the October 2026 period, operating revenue...
Kenedix Office REIT Accelerates Asset Reshuffle with Healthcare Exit and New Acquisitions
Kenedix Office Investment Corporation announced a series of acquisitions and dispositions spanning office, residential, hotel, logistics, retail and healthcare assets as part of an ongoing asset reshuffle strategy. The REIT is prioritizing assets suc...
KDX Realty Investment Reshapes Portfolio with Office, Residential and Hotel Buys, Healthcare Sale
KDX Realty Investment Corporation will acquire one office building in Yokohama, four residential properties in the Kansai region and two hotels in the Tokyo Bay and Okinawa resort areas, for a total agreed price of roughly ¥39 billion financed t...
KDX Realty Investment Raises ¥11.85 Billion via Green Loan-Linked Refinancing
KDX Realty Investment Corporation has arranged a new Series 0056 debt financing package totaling 11.85 billion yen, largely structured as unsecured, unguaranteed green loans from a syndicate of major Japanese banks. The green loan portion will fund o...
Kenedix REIT Rotates Logistics Portfolio with Sapporo Acquisition and Osaka Disposal
Kenedix Office Investment Corporation is strengthening its logistics portfolio with the planned acquisition of the underlying land for KDX Logistics Sapporo Kiyota in Sapporo, Hokkaido, for 1,165 million yen. The site, leased to LOGISTEED North Japan...
KDX Realty Investment Reshapes Logistics Portfolio With Sapporo Land Buy and Kinki Center Sale
KDX Realty Investment Corporation has agreed to acquire the land beneath a medium-sized logistics facility in Sapporo’s Kiyota ward for ¥1.165 billion, with an appraisal NOI yield of 4.7 percent. The property, located near major arterial r...
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