AEON REIT Investment Corp. (JP:3292)
:3292
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AEON REIT Investment Corp.
(3292)
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Rating:64Neutral
Price Target:
¥143,059
▲(4.19% Upside)
Action:ReiteratedDate:03/20/26
The score is driven primarily by solid financial performance—strong profitability and improved revenue growth—partly offset by volatile free cash flow and modest returns. Technical signals are mildly weak (negative MACD, sub-50 RSI, price below short-term averages), while valuation is supported by a high dividend yield but moderated by a ~20x P/E.
Positive Factors
High net margins
Consistently high net margins (around 32–34%) indicate durable cash generation from leasing operations and operational discipline. For a retail-focused J-REIT this supports steady distributable income, cushions against cyclical rent dips, and underpins long-term payout sustainability to unitholders.
Negative Factors
Volatile free cash flow
Marked free-cash-flow volatility—including periods of negative FCF and 2026 covering only ~50% of net income—undermines the reliability of distributable cash. It raises the likelihood of external financing, unit issuance, or dividend compression when capex timing or tenant receipts swing unfavorably.
Read all positive and negative factors
Positive Factors
Negative Factors
High net margins
Consistently high net margins (around 32–34%) indicate durable cash generation from leasing operations and operational discipline. For a retail-focused J-REIT this supports steady distributable income, cushions against cyclical rent dips, and underpins long-term payout sustainability to unitholders.
Read all positive factors
AEON REIT Investment Corp. (3292) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥269.34B
Dividend Yield4.96%
Average Volume (3M)3.96K
Price to Earnings (P/E)20.2
Beta (1Y)0.20
Revenue Growth0.59%
EPS Growth3.29%
CountryJP
EmployeesN/A
SectorReal Estate
Sector Strength53
IndustryREIT - Retail
Share Statistics
EPS (TTM)N/A
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)6,057.44
Revenue Forecast (FY)¥42.73B
AEON REIT Investment Corp. Business Overview & Revenue Model
Company Description
AEON REIT Investment Corporation (hereinafter, AEON REIT) invests primarily in retail and related properties which, as an integral part of the communities in which they are located, form the backbone of communities and their retail business infras...
How the Company Makes Money
AEON REIT Investment Corp. generates revenue mainly from (1) rental income earned by leasing its owned properties to tenants and (2) ancillary property-related income (e.g., reimbursements and other building-operation related receipts) where appli...
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
137300.00
Price Trends
133532.35
Negative
132953.44
Negative
129100.02
Negative
Market Momentum
-2059.85
Positive
40.98
Neutral
57.60
Neutral
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 137300 is above the 20-day moving average (MA) of 130690.00, above the 50-day MA of 133532.35, and above the 200-day MA of 129100.02, indicating a bearish trend. The MACD of -2059.85 indicates Positive momentum. The RSI at 40.98 is Neutral, neither overbought nor oversold. The STOCH value of 57.60 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
66 Neutral | ¥399.97B | 21.18 | 7.08% | 3.74% | 78.62% | 28.76% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | ¥269.34B | 20.25 | ― | 4.96% | 0.59% | 3.29% | |
64 Neutral | ¥236.88B | 20.08 | ― | 4.63% | -5.47% | 14.66% | |
63 Neutral | ¥260.05B | 11.18 | ― | 4.15% | -0.15% | -2.63% | |
63 Neutral | ¥164.91B | 6.57 | ― | 4.70% | 50.47% | 26.45% | |
57 Neutral | ¥841.56B | 19.71 | 6.39% | 4.62% | 40.15% | 27.43% |
* Real Estate Sector Average
JP:3292
AEON REIT Investment Corp.
128,100.00
10,850.92
9.25%
JP:8955
Japan Prime Realty Investment
98,800.00
16,626.35
20.23%
JP:8953
Japan Retail Investment
117,000.00
27,818.10
31.19%
JP:3234
Mori Hills Reit Investment Corporation
135,700.00
10,220.59
8.15%
JP:3295
Hulic Reit, Inc.
164,500.00
28,392.89
20.86%
JP:3296
NIPPON REIT Investment Corp
90,100.00
12,302.38
15.81%
AEON REIT Investment Corp. Corporate Events
AEON REIT Maps Out Growth Strategy Around Community Retail Assets
Mar 17, 2026
AEON REIT Investment Corporation reported its financial results for the 26th fiscal period ended January 2026 and outlined forecasts for the 27th and 28th periods. The REIT emphasizes its specialization in community infrastructure assets, includin...
AEON REIT Lifts Earnings-Based Payouts and Trims Excess Distributions on Lower Costs
Mar 17, 2026
AEON REIT Investment Corporation reported that for the fiscal period ended January 31, 2026, net income exceeded earlier projections due to lower rent-related expenses, leading to a higher per-unit distribution from earnings and a corresponding re...
AEON REIT Posts Softer Earnings, Trims Core Payout but Maintains Total Distributions
Mar 17, 2026
AEON REIT Investment Corporation reported slightly weaker results for the fiscal period ended January 31, 2026, with operating revenue down 1.2% to ¥21.3 billion and net income falling 3.6% to ¥6.82 billion. Key profitability indicators ...
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.