XYMAX REIT Investment Corp. (3488) AI Stock Analysis

• Market Cap: ¥29.71B
• Dividend Yield: 6.02%
• Average Volume (3M): 538.00
• Price to Earnings (P/E): 17.1
• Beta (1Y): 0.29
• Revenue Growth: 28.27%
• EPS Growth: 4.92%
• Country: JP
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Diversified
• EPS (TTM): 3225.00
• Shares Outstanding: 249,650
• 10 Day Avg. Volume: 497
• 30 Day Avg. Volume: 538
• PEG Ratio: 0.00
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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
• EPS Forecast (FY): 487,881.16
• Revenue Forecast (FY): ¥262.71B

• Rating: 66 Neutral
• Price Target: ¥124,848 ▲(7.44% Upside)

XYMAX REIT Investment Corp. scores well on valuation due to its attractive dividend yield and reasonable P/E ratio. However, financial performance is mixed with strong profitability but challenges in revenue and cash flow. Technical analysis indicates bearish momentum, which could impact short-term performance.

Positive Factors

Strong Profitability

The company's strong profitability and robust margins indicate efficient cost management and operational efficiency, supporting long-term financial stability.

Stable Balance Sheet

A stable balance sheet with a moderate debt-to-equity ratio suggests a balanced approach to leveraging, providing financial resilience and flexibility for future investments.

High Occupancy Rates

Maintaining high occupancy rates and securing long-term leases ensures consistent rental income, supporting steady cash flow and financial stability.

Negative Factors

Revenue Growth Challenges

A decline in revenue growth poses a risk to future financial performance, potentially impacting the company's ability to expand and invest in new opportunities.

Negative Free Cash Flow Growth

Negative free cash flow growth suggests challenges in generating sufficient cash, which could limit the company's ability to fund operations and investments.

Decline in Return on Equity

A decline in return on equity indicates potential challenges in generating returns on shareholder investments, which may affect investor confidence and future capital raising.

XYMAX REIT Investment Corp. Business Overview & Revenue Model

Company Description

XYMAX REIT Investment Corporation (hereinafter, "XYMAX REIT") was listed on the Tokyo Stock Exchange Real Estate Investment Trust Securities Market on February 15, 2018. XYMAX REIT is a diversified and publicly traded Japanese real estate investment trust (J-REIT) that has the sponsor support of the XYMAX Group, a leading company in the real estate management industry.

How the Company Makes Money

XYMAX REIT generates revenue through rental income from its portfolio of commercial properties. The primary revenue stream is derived from leasing office spaces, retail units, and logistics facilities to tenants, providing a consistent cash flow. Additionally, the company may benefit from property appreciation over time, leading to potential gains upon sale or refinancing. Strategic partnerships with property management firms and real estate developers help enhance operational efficiency and identify lucrative investment opportunities. The company's focus on maintaining high occupancy rates and long-term leases further contributes to its financial stability and growth.

XYMAX REIT Investment Corp. Financial Statement Overview

Summary

XYMAX REIT Investment Corp. demonstrates strong profitability with robust margins and a stable balance sheet. However, challenges in revenue growth and cash flow generation pose risks to future financial performance.

Income Statement

XYMAX REIT Investment Corp. has shown a mixed performance in its income statement. The company experienced a significant decline in revenue growth rate by 16.52% in the latest period, indicating potential challenges in revenue generation. However, the company maintains strong profitability with a high gross profit margin and net profit margin, suggesting efficient cost management and strong bottom-line performance. The EBIT and EBITDA margins are also robust, reflecting solid operational efficiency.

Balance Sheet

The balance sheet of XYMAX REIT Investment Corp. shows a stable financial position with a moderate debt-to-equity ratio, indicating a balanced approach to leveraging. The equity ratio is healthy, suggesting a strong capital structure. However, the return on equity has shown a slight decline, which could indicate challenges in generating returns on shareholder investments.

Cash Flow

The cash flow statement reveals some concerns, particularly with the negative free cash flow growth rate, indicating potential issues in generating sufficient free cash flow. The operating cash flow to net income ratio is relatively strong, suggesting good cash generation from operations. However, the free cash flow to net income ratio has shown volatility, which could pose risks to cash flow stability.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	4.29B	3.56B	3.35B	3.31B	3.49B	2.60B
Gross Profit	1.14B	2.33B	2.17B	2.11B	2.44B	1.66B
EBITDA	2.34B	2.30B	2.16B	2.08B	2.28B	1.69B
Net Income	1.74B	1.74B	1.65B	1.60B	1.87B	1.30B
Balance Sheet
Total Assets	48.80B	48.80B	48.43B	48.23B	48.67B	38.97B
Cash, Cash Equivalents and Short-Term Investments	976.57M	976.57M	3.90B	1.25B	1.54B	973.09M
Total Debt	19.90B	19.90B	19.71B	19.71B	19.95B	14.05B
Total Liabilities	22.54B	22.54B	22.16B	22.00B	22.23B	15.74B
Stockholders Equity	26.26B	26.26B	26.27B	26.23B	26.44B	23.23B
Cash Flow
Free Cash Flow	909.76M	1.24B	1.73B	1.77B	-6.45B	-1.17B
Operating Cash Flow	1.05B	2.61B	1.95B	2.03B	4.80B	1.45B
Investing Cash Flow	92.10M	-1.08B	-216.02M	-254.19M	-10.82B	-2.56B
Financing Cash Flow	-930.39M	-1.58B	-1.63B	-2.05B	7.20B	995.83M

XYMAX REIT Investment Corp. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 116200.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3488, the sentiment is Positive. The current price of 116200 is below the 20-day moving average (MA) of 116695.00, below the 50-day MA of 116668.00, and above the 200-day MA of 113814.30, indicating a bullish trend. The MACD of 662.81 indicates Negative momentum. The RSI at 65.07 is Neutral, neither overbought nor oversold. The STOCH value of 82.58 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3488.

XYMAX REIT Investment Corp. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3451	78 Outperform	¥55.34B	19.22	―	5.29%	2.50%	2.49%
3476	75 Outperform	¥97.28B	19.35	―	5.26%	105.75%	8.11%
3488	66 Neutral	¥29.71B	17.13	―	6.02%	28.27%	4.92%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%

XYMAX REIT Investment Corp. Corporate Events

CENTRAL REIT’s Asset Manager Restructures Organization and Management to Support Future Growth

MEITETSU XYMAX ASSET MANAGEMENT, the asset manager for CENTRAL REIT Investment Corporation, will restructure its internal organization on January 1, 2026 by creating a new Corporate Planning Department. This department will consolidate key functions previously split between the REIT Management Department and the Business Administration Division, including investment policy formulation, numerical management, financing and fund management, public and investor relations, and sustainability promotion, with the stated aim of strengthening the organizational foundation to support CENTRAL REIT’s future growth.
From the same date, the company will implement changes in key personnel, appointing Eisuke Makita as Head of the newly established Corporate Planning Department and ending the tenure of Keiko Kato as Head of the Business Administration Division. The asset manager indicates that it will complete all required procedures under the Financial Instruments and Exchange Act and other applicable regulations, underscoring that the reorganization is intended to enhance governance and operational efficiency for stakeholders in CENTRAL REIT.

The most recent analyst rating on (JP:3488) stock is a Hold with a Yen124848.00 price target. To see the full list of analyst forecasts on XYMAX REIT Investment Corp. stock, see the JP:3488 Stock Forecast page.

XYMAX REIT Announces Second Capital Reduction and Redemption

XYMAX REIT Investment Corporation announced a second reduction of preferred capital and redemption of preferred investment securities related to the TMK Hirakata Retail Facility Development. This decision follows a surplus generated from a consumption tax refund, allowing for the redemption of 216 out of 353 units of securities. The impact on the company’s operating results for the fiscal periods ending in February and August 2026 is expected to be minor, with no changes to the previously announced forecasts.

The most recent analyst rating on (JP:3488) stock is a Buy with a Yen123766.00 price target. To see the full list of analyst forecasts on XYMAX REIT Investment Corp. stock, see the JP:3488 Stock Forecast page.

XYMAX REIT Announces Strategic Amendments and Leadership Changes

XYMAX REIT Investment Corporation has announced plans to amend its Articles of Incorporation and appoint new directors. The proposed changes include a name change to ‘CENTRAL REIT Investment Corporation’ to reflect its focus on the Chubu region, following the addition of MEITETSU CITY DESIGN CO., LTD. as a co-sponsor. Additionally, the company plans to appoint new executive officers, including Sunao Takeda as Executive Director, to strengthen its leadership team.

The most recent analyst rating on (JP:3488) stock is a Buy with a Yen123766.00 price target. To see the full list of analyst forecasts on XYMAX REIT Investment Corp. stock, see the JP:3488 Stock Forecast page.

XYMAX REIT Reports Decline in Earnings, Projects Revenue Growth

XYMAX REIT Investment Corporation reported a decrease in operating revenue and net income for the fiscal period ending August 2025, compared to the previous period. The company anticipates a significant increase in operating revenue for the fiscal period ending February 2026, but a slight decline in net income, indicating a mixed outlook for future financial performance.

The most recent analyst rating on (JP:3488) stock is a Buy with a Yen123766.00 price target. To see the full list of analyst forecasts on XYMAX REIT Investment Corp. stock, see the JP:3488 Stock Forecast page.