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NTT UD REIT Investment Corporation
(8956)
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Rating:65Neutral
Price Target:
¥144,588
▲(4.70% Upside)
Action:Reiterated
Date:08/04/26
The score is driven primarily by solid financial performance supported by strong revenue and free cash flow growth, offset by ongoing margin and ROE deterioration. Technical signals are broadly neutral with mixed moving-average positioning, while valuation is supported by a 4.57% dividend yield but tempered by a P/E of 22.4.
Positive Factors
Revenue growth
Sustained top-line expansion (26.48% latest) indicates rising rental income or portfolio scaling. Over 2-6 months this underpins cash available for distributions and reinvestment, reflecting continued demand for income-producing industrial properties and durable revenue resilience.
Negative Factors
Falling gross margins
A pronounced drop in gross margins implies rising property operating costs, lower rents, or higher acquisition prices compressing spread. Persisting margin erosion reduces cash flow cushion, limits reinvestment capacity, and stresses long-term distribution sustainability.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth
Sustained top-line expansion (26.48% latest) indicates rising rental income or portfolio scaling. Over 2-6 months this underpins cash available for distributions and reinvestment, reflecting continued demand for income-producing industrial properties and durable revenue resilience.
Read all positive factors
NTT UD REIT Investment Corporation (8956) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥195.63B
Dividend Yield4.79%
Average Volume (3M)2.29K
Price to Earnings (P/E)21.4
Beta (1Y)0.19
Revenue Growth14.47%
EPS Growth1.64%
CountryJP
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryREIT - Industrial
Share Statistics
EPS (TTM)6129.37
Shares Outstanding1,482,035
10 Day Avg. Volume1,763
30 Day Avg. Volume2,291
Financial Highlights & Ratios
PEG Ratio-26.85
Price to Book (P/B)1.37
Price to Sales (P/S)5.10
P/FCF Ratio10.37
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)5,016.5
Revenue Forecast (FY)¥19.02B
NTT UD REIT Investment Corporation Business Overview & Revenue Model
Company Description
Premier Investment Corporation (PIC) operates as a Japanese Real Estate Investment Trust (J-REIT), managing a varied portfolio that includes both commercial office properties and residential buildings. Its investment activities are strategically c...
How the Company Makes Money
NTT UD REIT Investment Corporation makes money primarily by owning income-producing properties and collecting rental-related income from tenants. Its key revenue streams typically include (1) base rent from lease contracts across its property port...
NTT UD REIT Investment Corporation Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
70
Positive
Cash Flow
65
Positive
| Breakdown | TTM | Oct 2025 | Oct 2024 | Oct 2023 | Oct 2022 | Oct 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 35.61B | 39.34B | 23.78B | 24.53B | 23.21B | 22.21B |
| Gross Profit | 7.74B | 7.12B | 11.21B | 12.45B | 11.94B | 12.04B |
| EBITDA | 13.70B | 13.20B | 13.14B | 14.08B | 13.62B | 13.69B |
| Net Income | 9.00B | 8.44B | 8.58B | 10.05B | 9.59B | 9.77B |
Balance Sheet | ||||||
| Total Assets | 307.64B | 307.48B | 311.66B | 274.96B | 277.45B | 266.71B |
| Cash, Cash Equivalents and Short-Term Investments | 28.11B | 26.90B | 5.96B | 6.61B | 6.76B | 7.06B |
| Total Debt | 147.25B | 148.76B | 150.44B | 122.15B | 125.95B | 126.50B |
| Total Liabilities | 160.64B | 160.99B | 163.03B | 135.67B | 139.79B | 141.12B |
| Stockholders Equity | 147.00B | 146.49B | 148.62B | 139.29B | 137.66B | 125.58B |
Cash Flow | ||||||
| Free Cash Flow | 18.32B | 19.34B | -27.18B | 12.22B | -4.20B | -1.05B |
| Operating Cash Flow | 22.21B | 25.93B | 12.23B | 20.78B | 26.07B | 19.86B |
| Investing Cash Flow | -4.28B | -7.35B | -39.23B | -9.15B | -28.99B | -20.48B |
| Financing Cash Flow | -10.87B | -12.27B | 27.54B | -12.21B | 1.91B | 4.52B |
NTT UD REIT Investment Corporation Technical Analysis
Negative
138100.00
Price Trends
133202.00
Negative
134870.72
Negative
136342.25
Negative
Market Momentum
-754.23
Positive
38.33
Neutral
14.38
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8956, the sentiment is Negative. The current price of 138100 is above the 20-day moving average (MA) of 134840.00, above the 50-day MA of 133202.00, and above the 200-day MA of 136342.25, indicating a bearish trend. The MACD of -754.23 indicates Positive momentum. The RSI at 38.33 is Neutral, neither overbought nor oversold. The STOCH value of 14.38 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:8956.
NTT UD REIT Investment Corporation Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ¥392.68B | 19.32 | 7.08% | 4.36% | -6.29% | 21.95% | |
65 Neutral | ¥195.63B | 21.36 | ― | 4.51% | 14.47% | 1.64% | |
65 Neutral | ¥618.40B | 18.04 | 5.37% | 4.64% | 3.41% | 1.19% | |
64 Neutral | ¥217.48B | 18.27 | ― | 4.67% | -14.95% | -8.84% | |
61 Neutral | ¥240.94B | 19.72 | ― | 4.61% | 1.36% | -1.18% | |
60 Neutral | ¥518.08B | 18.83 | 7.25% | 4.46% | -1.59% | 7.45% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
JP:8956
NTT UD REIT Investment Corporation
131,000.00
4,765.52
3.78%
JP:8955
Japan Prime Realty Investment
96,600.00
-113.26
-0.12%
JP:8960
United Urban Investment
161,700.00
-2,568.84
-1.56%
JP:8972
Kenedix Office Investment Corporation
151,600.00
-6,403.50
-4.05%
JP:3234
Mori Hills Reit Investment Corporation
127,200.00
-6,635.90
-4.96%
JP:8964
Frontier Real Estate Investment Corporation
79,900.00
-3,567.76
-4.27%
NTT UD REIT Investment Corporation Corporate Events
NTT UD REIT Completes Unit Buyback and Plans Cancellation of 1% of Outstanding Units
Aug 4, 2026
NTT UD REIT Investment Corporation has completed a buyback of its own investment units, acquiring 14,934 units on the Tokyo Stock Exchange between June 18 and August 3, 2026 for a total of about 2.0 billion yen. The purchases were executed via mar...
NTT UD REIT Advances Unit Buyback Under Board-Approved Program
Aug 3, 2026
NTT UD REIT Investment Corporation reported that it acquired 8,652 of its own investment units in July 2026 for a total of 1,168,510,200 yen through market purchases on the Tokyo Stock Exchange under a discretionary transaction contract. This brin...
NTT UD REIT buys back 5,776 units under ¥2 billion repurchase program
Jul 1, 2026
NTT UD REIT Investment Corporation has disclosed the status of its June 2026 buyback of its own investment units, acquiring 5,776 units on the Tokyo Stock Exchange for a total of about ¥762.7 million. The purchases were executed via market tr...
NTT UD REIT Manager Overhauls Leadership and Department Structure
Jun 17, 2026
NTT Urban Development Asset Management, the manager of NTT UD REIT Investment Corporation, announced a series of leadership changes including the promotion of Kazuhiro Kimura to managing director and head of the J-REIT Management Division, with ex...
NTT UD REIT Secures ¥2 Billion Refinancing Loan From Mizuho Bank
Jun 17, 2026
NTT UD REIT Investment Corporation has arranged a new 2 billion yen one-year term loan from Mizuho Bank, with a floating interest rate based on one-month Japanese yen TIBOR plus a 0.14% margin. The unsecured, non-guaranteed loan, to be repaid in a...
NTT UD REIT Launches Buyback and Cancellation of Up to 2 Billion Yen in Units
Jun 17, 2026
NTT UD REIT Investment Corporation has authorized the acquisition of up to 22,000 of its own investment units, representing about 1.50% of units outstanding, for a maximum total of 2 billion yen via market purchases on the Tokyo Stock Exchange bet...
NTT UD REIT to Acquire Osaka Residential Property to Upgrade Portfolio
Jun 17, 2026
NTT UD REIT Investment Corporation will acquire the trust beneficiary interest in Mirage Palace Namba Curva, a newly built 54-unit residential building for single occupants in Osaka’s Namba area, for ¥1.05 billion using cash on hand. Th...
NTT UD REIT Boosts Profit and Maintains Payouts Despite Revenue Dip
Jun 17, 2026
NTT UD REIT Investment Corporation reported operating revenues of ¥12.98 billion for the fiscal period ended April 30, 2026, down 1.8% year on year, but operating income surged 26.3% to ¥5.76 billion and net income grew 31.7% to ¥5....
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.