Advance Residence Investment Corporation (JP:3269)
:3269
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Advance Residence Investment
(3269)
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Rating:67Neutral
Price Target:
¥188,139
▲(10.09% Upside)
Action:ReiteratedDate: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 profitability and margins
Advance Residence shows durable, high net margins (low-40% range) and steady net income (¥14.8B–¥16.0B). This persistent profitability underpins dividend capacity and internal funding for maintenance and selective redevelopment, supporting long-term cash returns to investors.
Negative Factors
Volatile free cash flow and cash conversion
Free cash flow has been uneven, including a negative FCF year and sharp declines, while operating cash often covers less than 1.0x of net income. This inconsistent cash conversion reduces reliability of internally funded growth and raises execution risk for capex and distributions.
Read all positive and negative factors
Positive Factors
Negative Factors
High profitability and margins
Advance Residence shows durable, high net margins (low-40% range) and steady net income (¥14.8B–¥16.0B). This persistent profitability underpins dividend capacity and internal funding for maintenance and selective redevelopment, supporting long-term cash returns to investors.
Read all positive factors
Advance Residence Investment (3269) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥474.90B
Dividend Yield3.58%
Average Volume (3M)5.28K
Price to Earnings (P/E)13.0
Beta (1Y)0.27
Revenue Growth5.25%
EPS Growth3.35%
CountryJP
Employees79
SectorReal Estate
Sector Strength53
IndustryREIT - Residential
Share Statistics
EPS (TTM)3232.00
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 Target
¥183,500.00Price Target Upside7.37% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)5,681.32
Revenue Forecast (FY)¥33.34B
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 generates revenue primarily through rental income from its extensive portfolio of residential properties. The company leases out its apartments and condominiums to tenants, providing a consistent stream of cash flow. A...
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
170025.85
Negative
168597.52
Negative
162280.53
Positive
Market Momentum
-644.90
Positive
42.90
Neutral
20.90
Neutral
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 170220.00, above the 50-day MA of 170025.85, and above the 200-day MA of 162280.53, indicating a neutral trend. The MACD of -644.90 indicates Positive momentum. The RSI at 42.90 is Neutral, neither overbought nor oversold. The STOCH value of 20.90 is Neutral, 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 | ¥474.90B | 12.99 | 6.81% | 3.58% | 5.25% | 3.35% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | ¥256.73B | 13.13 | ― | 3.47% | 13.25% | 3.76% | |
58 Neutral | ¥213.17B | 9.79 | 20.50% | 1.49% | 2.50% | -71.61% | |
58 Neutral | ¥340.10B | 53.14 | ― | 3.56% | 2.91% | 2.68% |
* Real Estate Sector Average
JP:3269
Advance Residence Investment
165,700.00
24,331.69
17.21%
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135,100.00
25,192.45
22.92%
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Comforia Residential REIT, Inc.
110,100.00
23,069.57
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Samty Residential Investment Corp.
109,500.00
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Nippon Hotel & Residential Investment Corporation
70,800.00
5,522.69
8.46%
Advance Residence Investment Corporate Events
Advance Residence Investment Locks In Rates on ¥2.5 Billion Loan to Curb Interest Risk
Feb 25, 2026
Advance Residence Investment Corporation has set a fixed interest rate of 1.84% on a ¥1 billion unsecured, non‑guaranteed long-term loan from The Keiyo Bank, with repayment due in full at maturity in February 2031. The financing is part...
Advance Residence Investment Sells Tokyo Residential Asset to Unlock Gains and Boost Returns
Feb 24, 2026
Advance Residence Investment Corporation will dispose of the trust beneficiary interests in RESIDIA Bunkyo-Yushima II, a domestic residential property, for 1,617 million yen to Taisei-Yuraku Real Estate, with settlement scheduled for July 1, 2026....
Advance Residence Investment Refinances Debt with New Long-Term Loans
Feb 20, 2026
Advance Residence Investment Corporation has arranged new long-term debt totaling 2.5 billion yen from Daiwa Next Bank, the Bank of Fukuoka and the Keiyo Bank, with maturities of five to seven years and all loans structured as unsecured and non-gu...
Advance Residence Investment Taps Long-Term and Green Loans to Refinance Debt
Feb 13, 2026
Advance Residence Investment Corporation has arranged new long-term borrowings totaling ¥3.19 billion from MUFG Bank and ¥1.5 billion as a green loan from Mitsubishi UFJ Trust and Banking, both unsecured and non‑guaranteed. The fin...
Advance Residence Investment Locks In Rates on New Loan and Hedges Interest Risk With Swaps
Jan 28, 2026
Advance Residence Investment Corporation has set a 1.49380% fixed interest rate on a 2.5 billion yen unsecured, non-guaranteed long-term loan from MUFG Bank, due in January 2028, and moved to hedge rate risk on earlier floating-rate borrowings thr...
Advance Residence Investment Locks In Rates on ¥2 Billion in Floating-Rate Debt via Swaps
Jan 26, 2026
Advance Residence Investment Corporation has entered into new interest rate swap agreements to hedge interest rate fluctuation risk on a total of ¥2 billion in existing floating-rate long-term loans taken out in late 2025. By swapping to fixe...
Advance Residence Investment Corporation Refinances ¥4.4 Billion in Loans Without Raising Leverage
Jan 21, 2026
Advance Residence Investment Corporation has arranged new long-term debt financing totaling ¥4.4 billion from MUFG Bank and Resona Bank, with drawdown scheduled for January 30, 2026, to refinance loans of the same amount maturing on that date...
Advance Residence Investment Corporation Announces Debt Refinancing
Dec 9, 2025
Advance Residence Investment Corporation announced its decision to undertake debt financing to repay existing loans. The refinancing involves a loan of 1,000 million yen from MUFG Bank, Ltd., with the drawdown date set for December 18, 2025. This ...
Advance Residence Investment Sets Interest Rate for New Loan
Nov 26, 2025
Advance Residence Investment Corporation announced the interest rate for a 1,500 million yen long-term loan it plans to borrow on November 28, 2025. The loan, with an interest rate of 1.67750%, is unsecured and non-guaranteed, with full repayment ...
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.