TOKYU REIT Inc (JP:8957)
:8957
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TOKYU REIT
(8957)
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Rating:69Neutral
Price Target:
¥194,342
▼(-6.11% Downside)
Action:Downgraded
Date:12/11/25
TOKYU REIT's overall stock score is driven by its solid financial performance and reasonable valuation. While technical indicators show a moderate upward trend, the lack of revenue growth remains a concern. The attractive dividend yield adds to the stock's appeal, balancing growth and income potential.
Positive Factors
Free cash flow recovery
A sustained rebound in free cash flow increases the REIT's ability to fund distributions, cover maintenance capex, and selectively recycle assets without relying solely on new debt. Strong operating cash conversion supports long-term payout sustainability and strategic reinvestment.
Negative Factors
Recent revenue decline
A sharp year-over-year revenue drop reduces distributable cash flow and can pressure payout levels or force asset sales. If this trend persists it undermines long-term return generation and limits reinvestment capacity, challenging the REIT's income mandate.
Read all positive and negative factors
Positive Factors
Negative Factors
Free cash flow recovery
A sustained rebound in free cash flow increases the REIT's ability to fund distributions, cover maintenance capex, and selectively recycle assets without relying solely on new debt. Strong operating cash conversion supports long-term payout sustainability and strategic reinvestment.
Read all positive factors
TOKYU REIT (8957) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥175.83B
Dividend Yield3.87%
Average Volume (3M)1.55K
Price to Earnings (P/E)17.2
Beta (1Y)0.33
Revenue Growth6.01%
EPS Growth7.66%
CountryJP
Employees45
SectorReal Estate
Sector Strength53
IndustryREIT - Diversified
Share Statistics
EPS (TTM)10412.61
Shares Outstanding961,371
10 Day Avg. Volume1,525
30 Day Avg. Volume1,547
Financial Highlights & Ratios
PEG Ratio4.00
Price to Book (P/B)1.55
Price to Sales (P/S)10.84
P/FCF Ratio10.65
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)8,602.3
Revenue Forecast (FY)¥18.53B
TOKYU REIT Business Overview & Revenue Model
Company Description
TOKYU REIT, Inc. was established on June 20, 2003, with the core objective of investing in real estate assets. This entity was formed in accordance with Japan's Investment Trust Law, which is formally known as the Law Concerning Investment Trusts ...
How the Company Makes Money
TOKYU REIT generated earnings mainly from (1) rental and leasing income from tenants in its properties and (2) property-related income and recoveries (such as certain reimbursed operating costs, depending on lease terms). As a REIT, it raised capi...
TOKYU REIT Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
68
Positive
Cash Flow
75
Positive
| Breakdown | TTM | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 25.34B | 17.69B | 18.63B | 20.25B | 20.31B | 16.68B |
| Gross Profit | 10.42B | 9.04B | 11.79B | 13.87B | 14.12B | 10.21B |
| EBITDA | 12.96B | 10.66B | 11.93B | 13.84B | 13.99B | 10.55B |
| Net Income | 10.06B | 9.59B | 9.16B | 11.15B | 11.41B | 7.62B |
Balance Sheet | ||||||
| Total Assets | 245.09B | 244.31B | 249.95B | 241.45B | 224.64B | 235.04B |
| Cash, Cash Equivalents and Short-Term Investments | 12.36B | 3.68B | 1.10B | 5.56B | 3.09B | 987.62M |
| Total Debt | 105.50B | 106.50B | 111.50B | 104.50B | 93.00B | 105.60B |
| Total Liabilities | 120.15B | 120.70B | 125.30B | 118.64B | 105.10B | 119.51B |
| Stockholders Equity | 124.94B | 123.61B | 124.65B | 122.82B | 119.54B | 115.53B |
Cash Flow | ||||||
| Free Cash Flow | 18.36B | 18.02B | -4.15B | -1.87B | 23.68B | -9.22B |
| Operating Cash Flow | 19.89B | 19.44B | 13.78B | 19.54B | 53.14B | 11.77B |
| Investing Cash Flow | -1.68B | -1.34B | -17.30B | -20.27B | -30.95B | -20.29B |
| Financing Cash Flow | -11.76B | -15.63B | -330.60M | 3.60B | -20.00B | 6.44B |
TOKYU REIT Technical Analysis
Negative
207000.00
Price Trends
189804.00
Negative
198548.07
Negative
198082.49
Negative
Market Momentum
-2845.64
Negative
38.48
Neutral
75.94
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8957, the sentiment is Negative. The current price of 207000 is above the 20-day moving average (MA) of 182200.00, above the 50-day MA of 189804.00, and above the 200-day MA of 198082.49, indicating a bearish trend. The MACD of -2845.64 indicates Negative momentum. The RSI at 38.48 is Neutral, neither overbought nor oversold. The STOCH value of 75.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:8957.
TOKYU REIT Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ¥175.83B | 17.23 | 7.82% | 3.87% | 6.01% | 7.66% | |
66 Neutral | ¥386.20B | 18.64 | 7.08% | 3.74% | -6.29% | 21.95% | |
66 Neutral | ¥635.77B | 18.60 | 5.51% | 4.64% | 50.40% | -30.38% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
63 Neutral | ¥520.32B | 20.28 | 6.80% | 4.46% | -0.32% | 1.93% | |
63 Neutral | ¥246.63B | 19.51 | ― | 4.15% | 1.36% | -1.18% | |
63 Neutral | ¥222.08B | 18.49 | ― | 4.67% | -14.95% | -8.84% |
* Real Estate Sector Average
JP:8957
TOKYU REIT
179,300.00
-6,774.77
-3.64%
JP:8955
Japan Prime Realty Investment
93,400.00
4,268.57
4.79%
JP:8960
United Urban Investment
159,300.00
9,203.75
6.13%
JP:8972
Kenedix Office Investment Corporation
155,600.00
7,495.50
5.06%
JP:3234
Mori Hills Reit Investment Corporation
126,400.00
-1,950.80
-1.52%
JP:8964
Frontier Real Estate Investment Corporation
80,800.00
1,560.76
1.97%
TOKYU REIT Corporate Events
TOKYU REIT Lowers Minimum Ticket Size for Residential Investments
Jun 4, 2026
TOKYU REIT has revised the management guidelines of its investment manager, Tokyu Real Estate Investment Management, to lower the minimum investment amount for residential properties to 1 billion yen regardless of location. The change, which also ...
TOKYU REIT Refinances Maturing Loan, Trims Debt and Extends Maturities
May 21, 2026
TOKYU REIT, Inc. announced a new ¥2.5 billion long-term loan from Sumitomo Mitsui Trust Bank to refinance existing debt maturing on May 25, 2026, locking in funding on an unsecured and unguaranteed basis. The new borrowing carries a floating ...
TOKYU REIT Secures Green Loan to Refinance Debt and Trim Borrowings
May 8, 2026
TOKYU REIT has arranged an ¥1.2 billion long-term green loan from Mizuho Bank to refinance an existing borrowing tied to funds used for the Akasaka 4-chome Building, which has since been replaced by the Meguro Higashiyama Building, a property...
TOKYU REIT Faces Major Tenant Exit at Ikejiri-ohashi Building, Keeps Forecasts Unchanged
May 1, 2026
TOKYU REIT has disclosed that a major tenant at the Tokyu Ikejiri-ohashi Building in Tokyo has given notice to cancel its lease, vacating 1,633.40 square meters, or 28.6% of the building’s total leasable area and 1.06% of TOKYU REIT’s ...
TOKYU REIT Extends ¥2 Billion Commitment Line to Bolster Funding Flexibility
Apr 24, 2026
TOKYU REIT has amended the term of its commitment line agreement with Sumitomo Mitsui Trust Bank, maintaining a ¥2.0 billion unsecured, unguaranteed facility and extending the commitment period by one year to run from April 25, 2026 to April ...
TOKYU REIT Extends Compliance Deadline for Tokyu Susukino Building Acquisition
Apr 14, 2026
TOKYU REIT has amended previously disclosed terms for the acquisition of the Tokyu Susukino Building after the seller, Tokyu Corporation, requested more time to complete corrective actions identified in a periodic fire protection equipment inspect...
TOKYU REIT Secures Preferential Rights on Five STYLIO Residential Assets
Mar 31, 2026
TOKYU REIT has secured preferential negotiation rights to acquire trust beneficiary interests in five residential properties branded under the STYLIO name, located in Tokyo’s Ota Ward and Kawasaki. The rights, granted by a Tokyu Corporation-...
TOKYU REIT Manager Announces Major Leadership Reshuffle
Mar 26, 2026
Tokyu Real Estate Investment Management Inc., the manager of TOKYU REIT, has resolved to propose the election of Masayuki Asaba as an executive director effective April 1, 2026, while current executive directors Tatsumi Yamagami and Yutaka Toriuch...
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.