Advance Residence Investment Corporation (JP:3269)
:3269
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Advance Residence Investment
(3269)
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Rating:67Neutral
Price Target:
¥167,090
▼(-2.23% Downside)
Action:Reiterated
Date:02/25/26
The score is driven primarily by solid profitability and a stable REIT balance sheet, but held back by inconsistent cash flow/free cash flow and mild revenue softness. Technicals are supportive with an uptrend and positive momentum, while valuation is mixed due to a solid yield but a relatively high P/E.
Positive Factors
High and consistent profit margins
Sustained net margins near the low-40% range indicate durable earnings power from rental operations. For a residential REIT, persistently high margins support stable distributable income and resilience to moderate revenue swings, underpinning unitholder returns over the medium term.
Negative Factors
Volatile free cash flow and cash conversion
Intermittent negative free cash flow and OCF that sometimes covers less than 100% of net income signal earnings quality and cash conversion risks. Over the medium term this can pressure capex funding, limit acquisition flexibility, and force reliance on refinancing or asset disposals to sustain distributions.
Read all positive and negative factors
Positive Factors
Negative Factors
High and consistent profit margins
Sustained net margins near the low-40% range indicate durable earnings power from rental operations. For a residential REIT, persistently high margins support stable distributable income and resilience to moderate revenue swings, underpinning unitholder returns over the medium term.
Read all positive factors
Advance Residence Investment (3269) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥441.36B
Dividend Yield3.58%
Average Volume (3M)5.28K
Price to Earnings (P/E)23.6
Beta (1Y)0.24
Revenue Growth9.83%
EPS Growth21.66%
CountryJP
Employees79
SectorReal Estate
Sector Strength53
IndustryREIT - Residential
Share Statistics
EPS (TTM)6435.43
Shares Outstanding2,866,000
10 Day Avg. Volume5,619
30 Day Avg. Volume5,277
Financial Highlights & Ratios
PEG Ratio-3.74
Price to Book (P/B)1.67
Price to Sales (P/S)11.05
P/FCF Ratio22.81
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)5,839.35
Revenue Forecast (FY)¥36.41B
Advance Residence Investment Business Overview & Revenue Model
Company Description
Advance Residence Investment Corporation (Securities code: 3269) is listed on the Real Estate Investment Trust Securities Market of Tokyo Stock Exchange. ADR has the largest portfolio among the residential REITs in Japan in terms of assets....
How the Company Makes Money
Advance Residence Investment primarily makes money from rental income generated by tenants occupying its residential properties. This includes recurring apartment rents and, where applicable, ancillary property-related income (e.g., fees associate...
Advance Residence Investment Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
70
Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 44.63B | 37.06B | 37.38B | 39.23B | 34.57B | 33.90B |
| Gross Profit | 18.08B | 18.31B | 21.63B | 19.13B | 20.86B | 20.48B |
| EBITDA | 27.69B | 24.05B | 24.13B | 23.69B | 22.45B | 21.99B |
| Net Income | 18.36B | 15.15B | 15.86B | 16.01B | 15.30B | 14.84B |
Balance Sheet | ||||||
| Total Assets | 498.84B | 491.31B | 490.96B | 464.90B | 464.90B | 457.83B |
| Cash, Cash Equivalents and Short-Term Investments | 25.70B | 16.64B | 17.71B | 13.78B | 24.64B | 14.73B |
| Total Debt | 245.21B | 239.01B | 237.91B | 227.81B | 220.51B | 220.51B |
| Total Liabilities | 252.67B | 246.25B | 245.12B | 234.64B | 234.64B | 227.34B |
| Stockholders Equity | 246.17B | 245.06B | 245.84B | 230.78B | 230.25B | 230.49B |
Cash Flow | ||||||
| Free Cash Flow | 15.00B | 17.95B | -5.01B | 14.42B | 7.62B | 15.33B |
| Operating Cash Flow | 33.95B | 28.25B | 25.88B | 25.09B | 21.70B | 21.66B |
| Investing Cash Flow | -12.88B | -8.29B | -28.93B | -12.68B | -14.04B | -6.44B |
| Financing Cash Flow | -14.37B | -15.25B | 3.28B | -10.60B | -8.43B | -14.66B |
Advance Residence Investment Technical Analysis
Negative
170900.00
Price Trends
161844.00
Negative
165988.56
Negative
164649.46
Negative
Market Momentum
-2679.61
Positive
26.43
Positive
17.46
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3269, the sentiment is Negative. The current price of 170900 is above the 20-day moving average (MA) of 157000.00, above the 50-day MA of 161844.00, and above the 200-day MA of 164649.46, indicating a bearish trend. The MACD of -2679.61 indicates Positive momentum. The RSI at 26.43 is Positive, neither overbought nor oversold. The STOCH value of 17.46 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3269.
Advance Residence Investment Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ¥441.36B | 23.57 | 6.81% | 3.58% | 9.83% | 21.66% | |
66 Neutral | ¥197.92B | 13.02 | 20.50% | 1.49% | 3.01% | -18.79% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | ¥246.24B | 24.60 | ― | 3.47% | 12.95% | 6.80% | |
58 Neutral | ¥316.94B | 25.43 | ― | 3.56% | 6.93% | 7.40% |
* Real Estate Sector Average
JP:3269
Advance Residence Investment
151,700.00
8,023.62
5.58%
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Advance Residence Investment Corporate Events
Advance Residence Investment’s Asset Manager Reshapes Board with New Full-Time Director
May 29, 2026
Advance Residence Investment Corporation’s asset manager, ITOCHU REIT Management, will refresh its board by appointing Kazuhito Akamatsu as a new full-time director and accepting the resignation of full-time director Takeshi Takano, subject ...
Advance Residence REIT to Buy Fully Leased Yokohama Residential Asset
May 29, 2026
Advance Residence Investment Corporation will acquire the RESIDIA Yokohama Tobe residential property in Yokohama from Marble Corp. for ¥2.215 billion, below its ¥2.4 billion appraisal value. The 70-unit apartment building, completed in 2...
Advance Residence REIT to Acquire Tokyo Residential Asset RESIDIA Musashi-koyama
May 28, 2026
Advance Residence Investment Corporation will acquire the RESIDIA Musashi-koyama residential property in Tokyo for 690 million yen, at 95.7% of its 721 million yen appraisal value. The four-story reinforced concrete apartment building, completed i...
Advance Residence Investment Locks In Funding Costs With New Interest Rate Swap
May 27, 2026
Advance Residence Investment Corporation has entered into an interest rate swap agreement to hedge exposure on a planned ¥1.56 billion floating-rate long-term loan scheduled for borrowing on May 29, 2026. By fixing the interest cost in substa...
Advance Residence Investment Sets Terms on New Long-Term Loan
May 26, 2026
Advance Residence Investment Corporation is one of Japan’s largest real estate investment trusts focused on residential properties, managed by ITOCHU REIT Management, the asset management arm of the ITOCHU Group. The J-REIT owns rental housi...
Advance Residence Investment Lines Up New Loans for Residential Acquisitions and Refinancing
May 19, 2026
Advance Residence Investment Corporation has arranged a series of new unsecured loans with major Japanese banks to support the acquisition of two residential assets, RESIDIA Shoin-jinja-mae and the trust beneficiary interest in RESIDIA Tokiwadai, ...
Advance Residence REIT to Acquire Two Tokyo Residential Assets for ¥4.06 Billion
May 19, 2026
Advance Residence Investment Corporation, managed by ITOCHU REIT Management, is expanding its residential portfolio with the acquisition of two Tokyo-area properties, RESIDIA Shoin-jinja-mae and RESIDIA Tokiwadai. The assets, both relatively new a...
Advance Residence Manager ITOCHU REIT to Install New President in June 2026
May 15, 2026
ITOCHU REIT Management, which manages the assets of Advance Residence Investment, has announced a planned change in its top leadership. Following shareholder and board approvals expected on June 24, 2026, Atsushi Sekiguchi will become Representati...
Advance Residence Locks In Rates on New Long-Term Loan With Swap Strategy
Apr 27, 2026
Advance Residence Investment Corporation has set the interest rate for a 1.5 billion yen fixed-rate tranche of a planned 3.05 billion yen long-term loan due October 2034, borrowing from SBI Shinsei Bank on an unsecured, non-guaranteed basis. The f...
Advance Residence Investment Extends ¥20bn Commitment Line to 2029
Apr 22, 2026
Advance Residence Investment Corporation has renewed and extended its unsecured, non-guaranteed commitment line agreement with a syndicate of major Japanese banks, maintaining a maximum loan facility of ¥20 billion. The commitment period, ori...
Advance Residence Investment Extends Debt Maturity Profile With ¥3.05bn Refinancing
Apr 20, 2026
Advance Residence Investment Corporation has arranged new long-term debt financing totaling ¥3.05 billion, split between Sumitomo Mitsui Banking Corporation and SBI Shinsei Bank, with maturities extending to 2033 and 2034. The unsecured, non&...
ITOCHU Tightens Grip on Advance Residence REIT Manager With Full Ownership Shift
Mar 31, 2026
Advance Residence Investment Corporation’s asset manager, ITOCHU REIT Management, has approved the transfer of a 20% stake held by ITOCHU Property Development to its main sponsor, ITOCHU Corporation, effective April 1, 2026. The move will ma...
Advance Residence Investment Locks In 9-Year ¥2 Billion Loan at Fixed Rate
Mar 25, 2026
Advance Residence Investment Corporation has set the interest rate on a new long-term loan of ¥2 billion to support its residential real estate portfolio and funding strategy. The unsecured, non-guaranteed borrowing from Shinkin Central Bank,...
Advance Residence Investment Locks In Loan Costs With Interest Rate Swap
Mar 19, 2026
Advance Residence Investment Corporation has entered into an interest rate swap agreement with Mizuho Bank to hedge interest rate risk on a planned ¥500 million long-term floating-rate loan. By swapping to a fixed rate of 2.629%, the resident...
Advance Residence Sets Out Growth Strategy and ESG Focus for FY2026
Mar 17, 2026
Advance Residence Investment Corporation outlined its strategy and performance for the fiscal period ended January 31, 2026, emphasizing stable growth in net operating income, funds from operations per unit, and distributions. The REIT highlighted...
ITOCHU REIT Management Creates New Unit to Drive Private Real Estate Expansion
Mar 17, 2026
ITOCHU REIT Management, which manages assets for Advance Residence Investment Corporation, is reorganizing its Private Capital Division to support growth in private real estate strategies. The move reflects a broader effort to strengthen product d...
Advance Residence Investment Posts Stable Results but Signals Softer Outlook and Lower Distributions
Mar 17, 2026
Advance Residence Investment Corporation reported modest growth for the fiscal period ended January 31, 2026, with operating revenues rising 0.6% to ¥20.65 billion and net income edging up 0.9% to ¥9.22 billion, while maintaining a high ...
Advance Residence REIT Extends Debt Maturities With ¥2.5 Billion Refinancing
Mar 12, 2026
Advance Residence Investment Corporation plans two new unsecured, non-guaranteed loans totaling ¥2.5 billion to refinance existing debt maturing in March 2026, keeping total interest-bearing liabilities unchanged. A ¥500 million loan fro...
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.