Ichigo Hotel REIT Investment Corp. (3463) AI Stock Analysis

• Market Cap: ¥42.74B
• Dividend Yield: 15.52%
• Average Volume (3M): 1.15K
• Price to Earnings (P/E): 9.9
• Beta (1Y): 0.28
• Revenue Growth: 88.08%
• EPS Growth: 123.31%
• Country: JP
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 55
• Industry: REIT - Hotel & Motel
• EPS (TTM): 13165.25
• Shares Outstanding: 327,489
• 10 Day Avg. Volume: 1,174
• 30 Day Avg. Volume: 1,150
• PEG Ratio: 0.26
• Price to Book (P/B): 0.86
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -32.90
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 78 Outperform
• Price Target: ―

Ichigo Hotel REIT shows a strong financial performance with impressive revenue growth and profitability, backed by excellent cash flow generation. The valuation is attractive given the low P/E ratio and high dividend yield, enhancing its appeal for income-focused investors. However, technical indicators reveal some bearish momentum and potential weakness in the stock price, which tempers the overall score.

Ichigo Hotel REIT Investment Corp. Business Overview & Revenue Model

Company Description

Ichigo Hotel REIT Investment Corporation is a Japanese real estate investment trust (REIT) focused on managing a diverse portfolio of hotel properties. The company primarily invests in hotels located in major urban centers and tourist destinations across Japan. By leveraging its expertise in real estate and hospitality management, Ichigo Hotel REIT aims to deliver stable income and long-term value growth to its investors.

How the Company Makes Money

Ichigo Hotel REIT Investment Corporation generates revenue primarily through the ownership and management of hotel properties. The company's key revenue streams include rental income from leasing hotel spaces to operators and income from hotel operations. Partnerships with hotel operators and management companies play a crucial role in maximizing occupancy rates and enhancing guest experiences, which in turn drive revenue. Additionally, the strategic acquisition and disposition of properties contribute to the company's earnings by optimizing the portfolio for better performance and capital appreciation.

Ichigo Hotel REIT Investment Corp. Financial Statement Overview

Summary

Ichigo Hotel REIT demonstrates strong financial health with solid revenue growth of 62.4% and high profitability with gross profit and EBIT margins at 100% and 64.6% respectively. The balance sheet shows moderate leverage with a debt-to-equity ratio of 0.75 and a strong equity base. Cash flows are robust with a substantial increase in operating cash flow, indicating excellent cash generation capabilities. However, the significant increase in debt warrants monitoring.

Income Statement

The company has shown strong revenue growth with a significant increase from 4,722 million JPY in 2024 to 7,671 million JPY in 2025, representing a growth rate of 62.4%. Gross profit and EBIT margins are robust at 100% and 64.6% respectively, indicating high profitability. However, the absence of EBITDA data for 2025 limits a full assessment of operating performance.

Balance Sheet

The balance sheet reflects a healthy equity position with a debt-to-equity ratio of 0.75, showing moderate leverage. The equity ratio stands at 54.9%, indicating a strong equity base relative to total assets. Return on equity is impressive at 10.0%, pointing to effective use of equity capital. However, the significant increase in total debt over time poses a potential risk.

Cash Flow

Cash flows are strong, with a substantial jump in operating cash flow from 2,421 million JPY in 2024 to 10,099 million JPY in 2025. Free cash flow has improved markedly to 10,099 million JPY, showcasing excellent cash generation capabilities. The operating cash flow to net income ratio of 2.34 indicates efficient cash conversion.

Breakdown	Mar 2025	Mar 2024	Sep 2023	Sep 2022	Sep 2021
Income Statement
Total Revenue	7.67B	4.72B	3.33B	2.37B	2.15B
Gross Profit	7.67B	3.29B	2.18B	1.27B	1.07B
EBITDA	0.00	3.22B	2.48B	1.76B	1.38B
Net Income	4.31B	1.97B	1.29B	704.49M	478.83M
Balance Sheet
Total Assets	78.37B	74.94B	59.04B	59.36B	58.93B
Cash, Cash Equivalents and Short-Term Investments	6.05B	1.55B	1.65B	4.58B	4.47B
Total Debt	32.47B	32.47B	25.47B	26.34B	25.97B
Total Liabilities	35.36B	34.24B	26.72B	27.40B	27.06B
Stockholders Equity	43.01B	40.69B	32.32B	31.96B	31.87B
Cash Flow
Free Cash Flow	10.10B	-13.09B	-840.15M	411.75M	1.19B
Operating Cash Flow	10.10B	2.42B	2.21B	1.54B	1.56B
Investing Cash Flow	-3.20B	-15.30B	-3.03B	-1.16B	-478.03M
Financing Cash Flow	-1.97B	13.38B	-931.68M	-611.61M	-382.41M

Ichigo Hotel REIT Investment Corp. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 130500.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3463, the sentiment is Positive. The current price of 130500 is above the 20-day moving average (MA) of 126745.00, above the 50-day MA of 123230.00, and above the 200-day MA of 125448.51, indicating a bullish trend. The MACD of 2200.43 indicates Negative momentum. The RSI at 74.21 is Negative, neither overbought nor oversold. The STOCH value of 89.57 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3463.

Ichigo Hotel REIT Investment Corp. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3463	78 Outperform	¥42.74B	9.91		15.52%	88.08%	123.31%
3287	76 Outperform	¥142.01B	25.36		552.82%	23.82%	7.98%
Sector *	63 Neutral	$6.87B	19.10	-1.13%	7.17%	4.77%	-25.03%

Ichigo Hotel REIT Investment Corp. Corporate Events

Ichigo Hotel REIT Reports Strong March 2025 Results

Ichigo Hotel REIT Investment Corporation reported a significant increase in its operating results for March 2025, with overall revenue rising by 9.4% year-over-year. The company’s performance was driven by higher average daily rates (ADR) and revenue per available room (RevPAR), despite a slight decrease in occupancy rates. This growth reflects the company’s strong market positioning and effective management strategies, which are likely to benefit stakeholders through improved financial returns.

Ichigo Hotel REIT Reports Strong February 2025 Results

Ichigo Hotel REIT reported strong financial results for February 2025, with significant year-over-year growth across key performance metrics such as revenue, RevPAR, occupancy, and ADR. The company’s portfolio of 27 hotels saw a revenue increase of 17.8%, driven by both variable and fixed rent hotels, indicating robust demand and effective management strategies. This performance underscores Ichigo Hotel’s solid positioning in the hospitality sector, potentially benefiting stakeholders through enhanced returns and market competitiveness.

Ichigo Hotel REIT Continues Shareholder Discount Program

Ichigo Hotel REIT Investment Corporation has announced the continuation of its Shareholder Hotel Discount Program, which offers special discounted rates to shareholders at various hotels across Japan. This initiative, aimed at expressing gratitude to shareholders and supporting the hotel industry, includes discounts at Hotel Wing International, Smile Hotels, and Choice Hotels, and will be effective from April 22, 2025, to March 31, 2026.

Ichigo Hotel REIT’s January 2025 Fiscal Update

Ichigo Hotel REIT Investment Corporation has released its corporate presentation for the January 2025 fiscal period, highlighting its commitment to sustainability. This announcement underscores the company’s ongoing efforts to enhance its market positioning and operational impact within the sustainable infrastructure industry.

Ichigo Hotel REIT Reports Strong Growth but Anticipates Future Earnings Decline

Ichigo Hotel REIT reported significant financial growth for the January 2025 fiscal period, with operating revenue increasing by 114.3% and net income rising by 233% compared to the previous period. Despite this strong performance, the company forecasts a decline in earnings for the upcoming fiscal periods, indicating potential challenges in maintaining its growth trajectory.

Ichigo Hotel REIT Reports Strong January 2025 Results

Ichigo Hotel REIT reported significant growth in its January 2025 operating results, with a notable year-over-year increase in revenue, RevPAR, occupancy, and ADR across its portfolio of 27 hotels. This performance reflects a strong recovery in the hospitality sector, positively impacting stakeholders and enhancing Ichigo Hotel’s market position.

Ichigo Hotel REIT Maintains Executive Leadership for Continued Stability

Ichigo Hotel REIT Investment Corporation has announced that its asset management company, Ichigo Investment Advisors, will maintain the current lineup of Executive Officers starting March 1, 2025. This decision demonstrates stability and continuity in its leadership, ensuring ongoing focus on managing its hotel, office REIT, green infrastructure, and private fund assets effectively. The regulatory compliance for these appointments will be conducted per relevant laws, reflecting the company’s commitment to governance.