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AEON REIT Investment Corp.
(3292)
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Rating:61Neutral
Price Target:
¥126,495
▲(1.20% Upside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by solid financial performance (strong margins and re-accelerating revenue), tempered by cash-flow volatility and only moderate balance-sheet/return profile. Technical indicators are a meaningful drag given weak momentum and price below key moving averages, while valuation is supported by the high dividend yield but constrained by a mid-range P/E.
Positive Factors
High net margins
Sustained net margins near the low-30s indicate the REIT converts rental revenue into distributable earnings efficiently. Over a multi‑month horizon this supports stable cash distributions and buffers operating shocks, underpinning long‑term income stability for unitholders.
Negative Factors
Free cash flow volatility
Material FCF swings driven by capex/timing and asset activity make distributable cash less predictable. Reliance on external financing or asset sales to fund payouts raises structural risk to steady distributions and limits the REIT's ability to self‑fund growth over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
High net margins
Sustained net margins near the low-30s indicate the REIT converts rental revenue into distributable earnings efficiently. Over a multi‑month horizon this supports stable cash distributions and buffers operating shocks, underpinning long‑term income stability for unitholders.
Read all positive factors
AEON REIT Investment Corp. (3292) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥252.73B
Dividend Yield5.63%
Average Volume (3M)3.96K
Price to Earnings (P/E)18.2
Beta (1Y)0.13
Revenue Growth0.54%
EPS Growth4.08%
CountryJP
EmployeesN/A
SectorReal Estate
Sector Strength53
IndustryREIT - Retail
Share Statistics
EPS (TTM)6608.91
Shares Outstanding2,102,569
10 Day Avg. Volume3,253
30 Day Avg. Volume3,965
Financial Highlights & Ratios
PEG Ratio5.23
Price to Book (P/B)1.16
Price to Sales (P/S)6.56
P/FCF Ratio22.88
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)3,087.71
Revenue Forecast (FY)¥21.39B
AEON REIT Investment Corp. Business Overview & Revenue Model
Company Description
AEON REIT Investment Corporation channels its capital predominantly into retail and associated properties, recognizing their fundamental role as community cornerstones and vital commercial infrastructure. The corporation's objective is to secure c...
How the Company Makes Money
AEON REIT Investment Corp. generates revenue mainly from leasing its portfolio properties to tenants and collecting rental-related income. Its core revenue stream is base rent (fixed lease payments) under lease agreements with a mix of tenants tha...
AEON REIT Investment Corp. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
66
Positive
Cash Flow
57
Neutral
| Breakdown | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 42.88B | 42.35B | 42.22B | 41.00B | 40.05B |
| Gross Profit | 11.36B | 16.12B | 18.08B | 17.91B | 17.47B |
| EBITDA | 26.66B | 26.40B | 25.88B | 25.89B | 25.29B |
| Net Income | 13.90B | 13.46B | 13.59B | 13.77B | 13.55B |
Balance Sheet | |||||
| Total Assets | 450.12B | 451.15B | 458.58B | 452.49B | 434.63B |
| Cash, Cash Equivalents and Short-Term Investments | 34.11B | 26.93B | 31.35B | 23.94B | 21.40B |
| Total Debt | 187.90B | 188.40B | 188.40B | 188.40B | 179.10B |
| Total Liabilities | 206.66B | 207.34B | 211.83B | 205.09B | 198.03B |
| Stockholders Equity | 243.46B | 243.81B | 246.75B | 247.39B | 236.61B |
Cash Flow | |||||
| Free Cash Flow | 12.30B | 9.07B | 21.58B | -2.47B | -9.38B |
| Operating Cash Flow | 25.13B | 26.56B | 25.64B | 22.11B | 25.29B |
| Investing Cash Flow | -12.66B | -17.31B | -3.85B | -25.63B | -53.04B |
| Financing Cash Flow | -14.74B | -11.37B | -14.23B | 6.28B | 31.39B |
AEON REIT Investment Corp. Technical Analysis
Negative
125000.00
Price Trends
120236.33
Positive
121872.18
Negative
125501.89
Negative
Market Momentum
-77.38
Positive
45.74
Neutral
10.67
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3292, the sentiment is Negative. The current price of 125000 is above the 20-day moving average (MA) of 122149.02, above the 50-day MA of 120236.33, and below the 200-day MA of 125501.89, indicating a neutral trend. The MACD of -77.38 indicates Positive momentum. The RSI at 45.74 is Neutral, neither overbought nor oversold. The STOCH value of 10.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3292.
AEON REIT Investment Corp. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ¥150.09B | 11.39 | ― | 4.70% | 73.49% | 34.06% | |
66 Neutral | ¥389.04B | 19.26 | 7.08% | 4.36% | -6.29% | 21.95% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
63 Neutral | ¥823.58B | 19.88 | 6.39% | 4.86% | 50.88% | 25.80% | |
61 Neutral | ¥252.73B | 18.25 | ― | 5.43% | 0.54% | 4.08% | |
61 Neutral | ¥238.88B | 19.71 | ― | 4.61% | 1.36% | -1.18% | |
60 Neutral | ¥222.19B | 18.44 | ― | 4.63% | 19.76% | 7.95% |
* Real Estate Sector Average
JP:3292
AEON REIT Investment Corp.
120,600.00
-3,120.73
-2.52%
JP:8955
Japan Prime Realty Investment
96,100.00
-1,667.62
-1.71%
JP:8953
Japan Retail Investment
115,000.00
7,190.13
6.67%
JP:3234
Mori Hills Reit Investment Corporation
127,100.00
-5,970.58
-4.49%
JP:3295
Hulic Reit, Inc.
154,600.00
-4,128.00
-2.60%
JP:3296
NIPPON REIT Investment Corp
82,000.00
-9,832.30
-10.71%
AEON REIT Investment Corp. Corporate Events
AEON REIT Files 100 Billion Yen Shelf Registration for Bond Issuance
Jul 29, 2026
AEON REIT Investment Corporation has filed a shelf registration statement for investment corporation bonds totaling up to 100 billion yen with the Kanto Local Finance Bureau. The registration covers non–short-term investment corporation bond...
AEON REIT Sells Part of Kansai Logistics Hub While Locking In Stable Ground Rent
Jun 29, 2026
AEON REIT Investment Corporation will transfer a portion of the buildings at the Daiei-Ibaraki Process Center in Ibaraki City, Osaka, to AEON Food Supply Co., Ltd., an AEON Group subsidiary, for ¥103 million, generating a gain over book value...
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.