Ichigo Hotel REIT Investment Corp. (JP:3463)
:3463
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Ichigo Hotel REIT Investment Corp.
(3463)
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Rating:54Neutral
Price Target:
¥118,320
▼(-6.91% Downside)
Action:ReiteratedDate:03/20/26
The score is held back primarily by weaker financial consistency (notably the 2026 revenue decline, higher leverage, and negative/volatile free cash flow) and bearish technical momentum (below major moving averages with negative MACD). These risks are partially offset by an attractive valuation, supported by a low P/E and high dividend yield.
Positive Factors
Strong Profitability Margins
Sustained high gross and net margins indicate the portfolio generates outsized operating profit per unit of revenue. Over a multi-month horizon this margin cushion supports distributions, covers fixed hotel operating costs, and provides resilience against cyclical revenue dips.
Negative Factors
Sharp 2026 Revenue Decline
A near 27% revenue drop in 2026 signals either demand/occupancy pressures or portfolio changes that materially reduce cash inflows. Over a 2–6 month horizon this weakness can depress distributable cash, strain coverage metrics, and force strategic trade-offs.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Profitability Margins
Sustained high gross and net margins indicate the portfolio generates outsized operating profit per unit of revenue. Over a multi-month horizon this margin cushion supports distributions, covers fixed hotel operating costs, and provides resilience against cyclical revenue dips.
Read all positive factors
Ichigo Hotel REIT Investment Corp. (3463) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥37.76B
Dividend Yield11.36%
Average Volume (3M)1.24K
Price to Earnings (P/E)7.4
Beta (1Y)0.33
Revenue Growth75.37%
EPS Growth134.79%
CountryJP
EmployeesN/A
SectorReal Estate
Sector Strength53
IndustryREIT - Hotel & Motel
Share Statistics
EPS (TTM)4136.07
Shares Outstanding327,489
10 Day Avg. Volume1,050
30 Day Avg. Volume1,241
Financial Highlights & Ratios
PEG Ratio-0.40
Price to Book (P/B)0.98
Price to Sales (P/S)6.63
P/FCF Ratio-15.32
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)N/A
Revenue Forecast (FY)N/A
Ichigo Hotel REIT Investment Corp. Business Overview & Revenue Model
Company Description
Ichigo Hotel REIT Investment Corporation ("Ichigo Hotel REIT") was listed on the J-REIT section of the Tokyo Stock Exchange on November 30, 2015. "Ichigo" comes from an ancient Japanese proverb, Ichigo Ichie, literally meaning "One lifetime, One e...
How the Company Makes Money
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Ichigo Hotel REIT Investment Corp. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
58
Neutral
Cash Flow
44
Neutral
| Breakdown | Jul 2025 | Jul 2024 | Jul 2023 | Jul 2023 | Jul 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 6.07B | 7.67B | 4.72B | 3.33B | 2.37B |
| Gross Profit | 4.22B | 7.67B | 3.29B | 2.18B | 1.27B |
| EBITDA | 4.41B | 0.00 | 3.22B | 2.26B | 1.64B |
| Net Income | 2.73B | 4.31B | 1.97B | 1.29B | 704.49M |
Balance Sheet | |||||
| Total Assets | 81.29B | 78.37B | 74.94B | 59.04B | 59.36B |
| Cash, Cash Equivalents and Short-Term Investments | 7.11B | 6.05B | 1.55B | 1.65B | 4.58B |
| Total Debt | 38.02B | 32.47B | 32.47B | 25.47B | 26.34B |
| Total Liabilities | 40.24B | 35.36B | 34.24B | 26.72B | 27.40B |
| Stockholders Equity | 41.05B | 43.01B | 40.69B | 32.32B | 31.96B |
Cash Flow | |||||
| Free Cash Flow | -2.63B | 10.10B | -13.09B | -840.15M | 411.75M |
| Operating Cash Flow | 10.67B | 10.10B | 2.42B | 2.21B | 1.54B |
| Investing Cash Flow | -13.29B | -3.20B | -15.30B | -3.03B | -1.16B |
| Financing Cash Flow | 862.05M | -1.97B | 13.38B | -931.68M | -611.61M |
Ichigo Hotel REIT Investment Corp. Technical Analysis
Neutral
127100.00
Price Trends
119270.65
Negative
121884.38
Negative
124408.51
Negative
Market Momentum
-2222.48
Negative
49.69
Neutral
71.34
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3463, the sentiment is Neutral. The current price of 127100 is above the 20-day moving average (MA) of 114400.00, above the 50-day MA of 119270.65, and above the 200-day MA of 124408.51, indicating a neutral trend. The MACD of -2222.48 indicates Negative momentum. The RSI at 49.69 is Neutral, neither overbought nor oversold. The STOCH value of 71.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:3463.
Ichigo Hotel REIT Investment Corp. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ¥82.12B | 11.54 | ― | ― | 127.32% | -22.79% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
63 Neutral | ¥465.91B | 15.36 | 9.29% | 4.54% | 36.94% | 37.79% | |
61 Neutral | ¥151.38B | 10.60 | ― | 4.18% | 42.32% | 15.73% | |
54 Neutral | ¥37.76B | 7.42 | ― | 11.36% | 75.37% | 134.79% |
* Real Estate Sector Average
JP:3463
Ichigo Hotel REIT Investment Corp.
115,300.00
3,366.80
3.01%
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81,200.00
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Nippon Hotel & Residential Investment Corporation
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JP:3479
TKP Corp
1,956.00
305.00
18.47%
Ichigo Hotel REIT Investment Corp. Corporate Events
Ichigo Hotel REIT Extends Shareholder Discount Program Across Japan Hotels
Mar 16, 2026
Ichigo Hotel REIT Investment Corporation will continue its Shareholder Hotel Discount Program, offering special room-rate discounts to shareholders at a wide network of hotels across Japan. The initiative is designed both as a token of appreciatio...
Ichigo Hotel REIT Lifts Earnings and Dividend as Hotel Demand Surges
Mar 16, 2026
Ichigo Hotel REIT reported that earnings for the fiscal period ended January 2026 exceeded its previous forecasts across all key metrics, including operating revenue, profit, and net income. The REIT also raised its dividend per share to JPY 4,136...
Ichigo Hotel REIT Highlights Sustainability Focus in January 2026 Presentation
Mar 16, 2026
Ichigo Hotel REIT released a corporate presentation for its January 2026 fiscal period, outlining its position and activities as part of Ichigo’s sustainable infrastructure platform. The disclosure underscores the REIT’s continued emph...
Ichigo Hotel REIT Posts Steady January Earnings, Signals Softer Outlook
Mar 16, 2026
Ichigo Hotel REIT reported operating revenue of JPY 3,148 million for the January 2026 fiscal period, up 3.2% from the previous term, while operating profit and net income slipped slightly, with net income down 1.7% to JPY 1,354 million and net in...
Ichigo Hotel REIT Posts Softer January, But Period-to-Date Revenue Rises
Feb 25, 2026
Ichigo Hotel REIT, a Japan-focused hotel real estate investment trust, reported January 2026 portfolio metrics for 26 of its 30 hotels, covering both variable-rent and fixed-rent properties. The portfolio is diversified across city and regional lo...
Ichigo Hotel REIT Refinances ¥2 Billion Loan on Improved Terms
Feb 20, 2026
Ichigo Hotel REIT Investment Corporation has secured a new ¥2 billion term loan from a syndicate of major Japanese banks, including SMBC, Mizuho Bank, SBI Shinsei Bank, Resona Bank, Fukuoka Bank, and Nishi-Nippon City Bank, at an interest rat...
Ichigo Hotel REIT Overhauls Asset Manager Leadership Ahead of March 2026
Feb 19, 2026
Ichigo Investment Advisors, the asset management company for Ichigo Hotel REIT, has announced a new executive management structure effective March 1, 2026, appointing President Hiroshi Iwai to oversee overall company management and naming dedicate...
Ichigo Hotel REIT Posts Steady Revenue and RevPAR Gains in December 2025
Jan 26, 2026
Ichigo Hotel REIT reported modest year-on-year growth for December 2025, with portfolio revenue up 0.8% and RevPAR edging 0.7% higher, while cumulative figures for the August–December 2025 period showed stronger momentum, including a 5.0% ri...
Ichigo Hotel REIT Lifts November Revenue on Strong Room Rates
Dec 25, 2025
Ichigo Hotel REIT reported higher operating performance in November 2025 across most of its portfolio, with total revenue from 26 of its 30 hotels rising 4.3% year on year to JPY 1.42 billion, driven by increases in RevPAR and average daily rates ...
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.