Activia Properties (3279) AI Stock Analysis

• Market Cap: ¥317.00B
• Dividend Yield: 4.51%
• Average Volume (3M): 5.18K
• Price to Earnings (P/E): 23.2
• Beta (1Y): 0.29
• Revenue Growth: -5.01%
• EPS Growth: -13.61%
• Country: JP
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Diversified
• EPS (TTM): 2909.00
• Shares Outstanding: 2,376,318
• 10 Day Avg. Volume: 4,384
• 30 Day Avg. Volume: 5,178
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ¥135,619.66
• Price Target Upside: 1.66% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 71 Outperform
• Price Target: ¥142,241 ▲(6.63% Upside)

The overall stock score reflects strong technical analysis and solid valuation metrics. The stock is showing positive momentum with potential overbought conditions, while a high dividend yield enhances its attractiveness. Financial performance is stable but highlights a need for growth initiatives due to revenue and net income declines.

Activia Properties Business Overview & Revenue Model

Company Description

Activia Properties Inc. (3279) is a Japanese real estate investment trust (REIT) that primarily focuses on investing in and managing a diversified portfolio of properties, including office buildings, retail facilities, and other commercial real estate assets. The company's primary objective is to provide stable income and long-term growth potential to its investors through strategic management and acquisition of high-quality properties.

How the Company Makes Money

Activia Properties makes money by acquiring, managing, and leasing out commercial real estate properties. The company generates revenue primarily through rental income from its portfolio of office spaces and retail locations, which are leased to a variety of tenants. Additionally, the company may engage in property sales or development projects, which can contribute to its earnings. Activia Properties works to enhance the value of its portfolio through active management and strategic acquisitions, optimizing occupancy rates and rental yields. The company may also engage in partnerships or joint ventures to expand its investment opportunities and maximize returns for its stakeholders.

Activia Properties Financial Statement Overview

Summary

Activia Properties demonstrates solid financial health with strong profitability and efficient leverage. While the income statement shows high margins, revenue and net income declines indicate a need for growth initiatives. The balance sheet is robust, with a balanced debt-to-equity ratio and high ROE, suggesting effective asset utilization. Cash flow stability is a positive, but recent fluctuations warrant careful liquidity management.

Income Statement

The income statement shows a generally stable revenue trend with minor fluctuations. The gross profit margin for the latest year is approximately 59.5%, indicating strong profitability. However, revenue has shown a slight decline from 34.8 billion to 31.6 billion yen, which suggests a need for growth stimulation. Net profit margin is healthy at 44.8%, though a decline in net income from the previous year suggests potential challenges in maintaining growth.

Balance Sheet

The balance sheet reflects a solid equity base with a debt-to-equity ratio of about 0.99, indicating balanced leverage. The equity ratio stands at 47.8%, showing a strong asset base funded by equity. ROE is robust at 52.9%, underscoring strong returns on equity. However, total assets and stockholders' equity have slightly decreased, indicating potential stagnation in asset growth.

Cash Flow

Cash flow analysis reveals a strong operating cash flow, though free cash flow has seen fluctuations due to varying capital expenditures. The free cash flow to net income ratio is 1.3, indicating efficient cash generation relative to net income. However, the recent reduction in free cash flow compared to the previous year highlights potential liquidity management challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	31.59B	31.62B	34.83B	31.69B	30.36B	30.06B
Gross Profit	7.93B	18.80B	19.88B	20.24B	19.44B	19.00B
EBITDA	19.02B	18.86B	21.91B	20.29B	19.60B	19.11B
Net Income	13.66B	14.16B	17.47B	15.58B	15.00B	14.70B
Balance Sheet
Total Assets	560.10B	560.21B	568.92B	561.68B	566.26B	525.38B
Cash, Cash Equivalents and Short-Term Investments	19.80B	16.84B	21.37B	18.68B	15.99B	14.13B
Total Debt	264.85B	264.85B	265.85B	260.35B	260.35B	244.37B
Total Liabilities	292.77B	292.43B	294.12B	286.78B	287.54B	269.67B
Stockholders Equity	267.33B	267.78B	274.80B	274.91B	278.72B	255.71B
Cash Flow
Free Cash Flow	13.96B	18.42B	14.61B	23.47B	-22.48B	5.85B
Operating Cash Flow	17.29B	21.63B	62.48B	24.49B	29.75B	38.52B
Investing Cash Flow	-4.14B	-3.26B	-46.75B	-2.55B	-50.45B	-31.87B
Financing Cash Flow	-16.19B	-22.54B	-12.37B	-19.81B	23.21B	-5.29B

Activia Properties Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 133400.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3279, the sentiment is Positive. The current price of 133400 is below the 20-day moving average (MA) of 135035.00, above the 50-day MA of 132708.00, and above the 200-day MA of 117037.20, indicating a neutral trend. The MACD of 642.65 indicates Positive momentum. The RSI at 45.98 is Neutral, neither overbought nor oversold. The STOCH value of 16.51 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3279.

Activia Properties Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3249	71 Outperform	¥345.69B	19.09	―	5.07%	-6.57%	2.83%
3279	71 Outperform	¥317.00B	23.21	5.23%	4.51%	-5.01%	-13.61%
3226	67 Neutral	¥336.82B	29.64	7.46%	3.39%	-3.25%	-2.56%
3234	67 Neutral	¥275.38B	22.39	―	4.29%	-0.15%	-2.63%
8956	64 Neutral	¥205.26B	22.97	5.77%	4.27%	13.38%	-6.44%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%

Activia Properties Corporate Events

Activia Properties Reports Stable Financial Performance Amid Unit Split

Activia Properties Inc. reported its financial results for the fiscal period ending May 31, 2025, showing a slight increase in operating revenue and profit compared to the previous period. The company implemented a three-for-one split of its investment units, which affected the calculation of earnings per unit. Despite a decrease in cash distributions per unit, the payout ratio remained at 100%, indicating a stable return to unitholders. The financial position remained stable with total assets slightly decreasing, while cash flows from operating activities showed a minor decline. These results reflect a steady performance in a challenging market environment.

The most recent analyst rating on (JP:3279) stock is a Hold with a Yen127000.00 price target. To see the full list of analyst forecasts on Activia Properties stock, see the JP:3279 Stock Forecast page.

Activia Properties Corrects Investment Unit Acquisition Figures

Activia Properties Inc. has announced an amendment to a previous notice concerning the acquisition of its investment units by Tokyu Land Corporation. The amendment corrects an error in the reported number and percentage of investment units held by the sponsor, increasing the sponsor’s holdings from 11.3% to 12.7% after acquisition. This adjustment reflects a more significant stake by the sponsor, potentially impacting the company’s market positioning and stakeholder interests.

The most recent analyst rating on (JP:3279) stock is a Hold with a Yen127000.00 price target. To see the full list of analyst forecasts on Activia Properties stock, see the JP:3279 Stock Forecast page.

Activia Properties Proposes Key Changes to Articles and Board

Activia Properties Inc. has announced proposed changes to its Articles of Incorporation and the appointment of directors, to be decided at the upcoming Unitholders’ Meeting. The changes aim to expand investment regions, diversify financing sources, and adjust acquisition fee structures, potentially impacting the company’s strategic operations and stakeholder interests.

The most recent analyst rating on (JP:3279) stock is a Hold with a Yen127000.00 price target. To see the full list of analyst forecasts on Activia Properties stock, see the JP:3279 Stock Forecast page.

Activia Properties Secures New Financing Agreements for Future Growth

Activia Properties Inc. has entered into new agreements for a commitment line and a credit line, each with a limit of ¥12 billion, to ensure flexible and stable financing for future property acquisitions. These agreements, established with major banks such as Sumitomo Mitsui Trust Bank, Mizuho Bank, and MUFG Bank, replace existing agreements set to terminate on June 12, 2025, and are unsecured and unguaranteed, reflecting API’s strategic focus on securing financial resources for growth.

The most recent analyst rating on (JP:3279) stock is a Hold with a Yen127000.00 price target. To see the full list of analyst forecasts on Activia Properties stock, see the JP:3279 Stock Forecast page.

Activia Properties Secures New Loan for Debt Refinancing

Activia Properties Inc. has announced a new borrowing of 4.2 billion yen to refinance an existing long-term loan due on June 16, 2025. This strategic financial move is aimed at maintaining the company’s stable debt profile, with no change in the overall amount of borrowings and investment corporation bonds, ensuring continued financial stability.

The most recent analyst rating on (JP:3279) stock is a Hold with a Yen127000.00 price target. To see the full list of analyst forecasts on Activia Properties stock, see the JP:3279 Stock Forecast page.

Activia Properties Announces Management Changes for Key Buildings

Activia Properties Inc. announced a change in the property management and master lease companies for its Meguro Tokyu Building and Kasumigaseki Tokyu Building, effective June 1, 2025. The decision to switch to Tokyu Community Corp. is based on its proven track record in managing over 1,316 buildings and retail properties, ensuring continuity in service quality. This change is not expected to have a material impact on the company’s financial performance for the fiscal periods ending May and November 2025.

The most recent analyst rating on (JP:3279) stock is a Hold with a Yen349000.00 price target. To see the full list of analyst forecasts on Activia Properties stock, see the JP:3279 Stock Forecast page.