Mori Hills Reit Investment Corporation (JP:3234)
:3234
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Mori Hills Reit Investment Corporation
(3234)
Select Model
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Rating:63Neutral
Price Target:
¥150,804
▲(4.43% Upside)
Action:ReiteratedDate:03/20/26
The score is driven primarily by solid underlying profitability and a supportive valuation (modest P/E and strong yield). These positives are tempered by uneven cash flow (recently negative free cash flow) and gradually rising leverage, while technical indicators suggest weak near-term momentum.
Positive Factors
Stable profitability & margins
Consistent net income and persistently strong margins indicate durable core earnings from leasing operations. This stability supports predictable distributable cash flow and reduces earnings volatility, underpinning long-term payout credibility and planning over the next several months.
Negative Factors
Free cash flow volatility
Inconsistent conversion from operating cash to free cash flow reduces certainty for distributions and capital planning. Negative FCF in the latest period suggests timing of capex, asset transactions or working-capital strain that could force use of liquidity, asset sales, or higher borrowing to sustain payouts.
Read all positive and negative factors
Positive Factors
Negative Factors
Stable profitability & margins
Consistent net income and persistently strong margins indicate durable core earnings from leasing operations. This stability supports predictable distributable cash flow and reduces earnings volatility, underpinning long-term payout credibility and planning over the next several months.
Read all positive factors
Mori Hills Reit Investment Corporation (3234) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥255.06B
Dividend Yield4.15%
Average Volume (3M)3.19K
Price to Earnings (P/E)11.2
Beta (1Y)0.30
Revenue Growth-0.15%
EPS Growth-2.63%
CountryJP
EmployeesN/A
SectorReal Estate
Sector Strength53
IndustryREIT - Diversified
Share Statistics
EPS (TTM)3247.00
Shares Outstanding1,916,330
10 Day Avg. Volume3,521
30 Day Avg. Volume3,194
Financial Highlights & Ratios
PEG Ratio0.22
Price to Book (P/B)1.35
Price to Sales (P/S)11.34
P/FCF Ratio-317.80
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥150,000.00Price Target Upside3.88% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)6,485.79
Revenue Forecast (FY)¥23.23B
Mori Hills Reit Investment Corporation Business Overview & Revenue Model
Company Description
MHR aims to further enhance the profitability and asset value of its portfolio through growth created by making targeted investment in the "City," while paying close attention to the competitiveness of the "City" concentrating on central Tokyo, an...
How the Company Makes Money
The REIT makes money primarily by earning rental-related income from its portfolio of properties. Its main revenue stream is lease income (base rent) paid by tenants for office, retail, residential, and other leased spaces within its buildings; th...
Mori Hills Reit Investment Corporation Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
66
Positive
Cash Flow
52
Neutral
| Breakdown | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 24.16B | 11.09B | 22.35B | 22.43B | 21.02B |
| Gross Profit | 12.85B | 11.09B | 15.17B | 15.43B | 14.17B |
| EBITDA | 15.86B | 0.00 | 15.62B | 15.82B | 14.95B |
| Net Income | 12.22B | 6.16B | 12.63B | 12.83B | 11.96B |
Balance Sheet | |||||
| Total Assets | 411.23B | 413.18B | 413.26B | 414.89B | 412.89B |
| Cash, Cash Equivalents and Short-Term Investments | 9.33B | 19.64B | 18.22B | 16.05B | 10.64B |
| Total Debt | 189.52B | 165.23B | 189.92B | 192.42B | 192.42B |
| Total Liabilities | 208.25B | 207.53B | 207.69B | 210.09B | 210.10B |
| Stockholders Equity | 202.98B | 205.65B | 205.58B | 204.80B | 202.80B |
Cash Flow | |||||
| Free Cash Flow | -861.82M | 8.74B | 16.96B | 17.31B | 7.40B |
| Operating Cash Flow | 17.64B | 17.59B | 17.91B | 18.09B | 16.22B |
| Investing Cash Flow | -17.87B | -8.51B | -963.86M | -673.83M | -8.75B |
| Financing Cash Flow | -15.66B | -18.00B | -15.23B | -11.63B | -5.00B |
Mori Hills Reit Investment Corporation Technical Analysis
Negative
144400.00
Price Trends
144569.87
Negative
145036.02
Negative
140659.38
Negative
Market Momentum
-2556.39
Positive
27.74
Positive
6.96
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3234, the sentiment is Negative. The current price of 144400 is above the 20-day moving average (MA) of 141940.00, below the 50-day MA of 144569.87, and above the 200-day MA of 140659.38, indicating a bearish trend. The MACD of -2556.39 indicates Positive momentum. The RSI at 27.74 is Positive, neither overbought nor oversold. The STOCH value of 6.96 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3234.
Mori Hills Reit Investment Corporation Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ¥570.66B | 9.78 | ― | 4.28% | 27.21% | 39.13% | |
73 Outperform | ¥650.31B | 10.14 | 5.51% | 4.64% | 24.10% | -30.38% | |
67 Neutral | ¥335.30B | 23.38 | 5.35% | 4.18% | -5.01% | ― | |
66 Neutral | ¥393.49B | 21.18 | 7.08% | 3.74% | 78.62% | 28.76% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
63 Neutral | ¥255.06B | 11.18 | ― | 4.15% | -0.15% | -2.63% | |
63 Neutral | ¥551.68B | 23.41 | 6.80% | 4.46% | 52.74% | 14.88% |
* Real Estate Sector Average
JP:3234
Mori Hills Reit Investment Corporation
133,100.00
5,227.76
4.09%
JP:3279
Activia Properties
141,100.00
32,360.41
29.76%
JP:8955
Japan Prime Realty Investment
97,200.00
14,906.38
18.11%
JP:8960
United Urban Investment
172,400.00
30,317.40
21.34%
JP:8972
Kenedix Office Investment Corporation
161,000.00
19,656.69
13.91%
JP:8984
Daiwa House REIT Investment Corporation
125,700.00
13,125.01
11.66%
Mori Hills Reit Investment Corporation Corporate Events
Mori Building Lifts Stake in Mori Hills REIT to Over 22%
Mar 19, 2026
Mori Hills REIT Investment Corporation announced that its sponsor, Mori Building Co., Ltd., has completed an additional acquisition of the REIT’s investment units. Following this transaction, Mori Building’s holding increased from 365,...
Mori Hills REIT Renews Key Roppongi Hills Lease With Sponsor Mori Building
Mar 17, 2026
Mori Hills REIT Investment Corporation will renew the master lease and property management agreement for the 23rd and 24th floors of Roppongi Hills Mori Tower with related-party sponsor Mori Building Co., Ltd., effective August 1, 2026. The three-...
Mori Hills REIT to Partially Divest Laforet Harajuku Land Stake to Sponsor Mori Building
Mar 17, 2026
Mori Hills REIT Investment Corporation will partially transfer additional 10% quasi co-ownership interests in the trust beneficiary rights to the land of Laforet Harajuku to sponsor Mori Building Co., Ltd., in two stages on July 1 and December 1, ...
Mori Hills REIT Launches Up to ¥1 Billion Investment Unit Buyback
Mar 17, 2026
Mori Hills REIT Investment Corporation has approved a buyback of up to 6,800 of its own investment units, representing about 0.36% of its outstanding units, with a maximum outlay of 1 billion yen. The units will be repurchased via market transacti...
Mori Hills REIT Reports Results for 39th Fiscal Period Ended January 2026
Mar 17, 2026
Mori Hills REIT Investment Corporation published its presentation materials for the 39th fiscal period ended January 31, 2026, outlining results for its real estate investment portfolio and related assets. The release reiterates that MHR units inv...
Mori Hills REIT Posts Modest Profit Gain and Keeps Dividends Steady
Mar 17, 2026
Mori Hills REIT Investment Corporation reported modest growth for the thirty-ninth fiscal period ended January 31, 2026, with operating revenue up 1.4% to ¥11.38 billion and net income edging 0.5% higher to ¥6.12 billion. The REIT mainta...
Mori Hills REIT Secures ¥3.75 Billion Green Loan to Refinance Debt
Feb 18, 2026
Mori Hills REIT Investment Corporation has arranged a new 3.75 billion yen long-term green loan with Sumitomo Mitsui Banking Corporation, maturing in February 2034 at a floating rate based on 1‑month JBA Japanese Yen TIBOR plus 0.25%. The fa...
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.