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TOKYU REIT
(8957)
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Rating:67Neutral
Price Target:
¥200,476
▲(1.30% Upside)
Action:Reiterated
Date:08/06/26
The score is primarily supported by solid financial performance (strong margins and improved cash flow) and a healthy dividend yield. It is tempered by mixed-to-weak technical signals versus key moving averages and the notable recent revenue decline.
Positive Factors
Stable rental‑based cash flows
TOKYU REIT’s core earnings come from rental and ancillary property income tied to leased office and retail assets in the Tokyo metro area. This business model produces predictable, recurring cash flow that supports sustained distributions and long‑term operational planning independent of short‑term market swings.
Negative Factors
Recent revenue decline
A steep revenue drop of -14.56% is a structural risk if it persists, reducing rental income and distributable cash. Prolonged top‑line weakness can force cost cutting, asset sales or lower distributions, and limits ability to invest in value‑add projects or refresh the portfolio over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Stable rental‑based cash flows
TOKYU REIT’s core earnings come from rental and ancillary property income tied to leased office and retail assets in the Tokyo metro area. This business model produces predictable, recurring cash flow that supports sustained distributions and long‑term operational planning independent of short‑term market swings.
Read all positive factors
TOKYU REIT (8957) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥182.56B
Dividend Yield4.22%
Average Volume (3M)1.55K
Price to Earnings (P/E)18.2
Beta (1Y)0.30
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)8,687.15
Revenue Forecast (FY)¥18.67B
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 primarily from (1) rental revenue from tenants in its owned properties (office, retail, and other commercial leases), which is the core source of operating cash flow; and (2) ancillary property-related income such as ...
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
197900.00
Price Trends
182712.74
Positive
187596.55
Negative
192982.56
Negative
Market Momentum
853.26
Positive
43.73
Neutral
7.71
Positive
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 197900 is above the 20-day moving average (MA) of 188949.13, above the 50-day MA of 182712.74, and above the 200-day MA of 192982.56, indicating a neutral trend. The MACD of 853.26 indicates Positive momentum. The RSI at 43.73 is Neutral, neither overbought nor oversold. The STOCH value of 7.71 is Positive, 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 |
|---|---|---|---|---|---|---|---|
67 Neutral | ¥182.56B | 18.24 | 8.09% | 4.04% | 6.01% | 7.66% | |
66 Neutral | ¥397.13B | 19.66 | 7.08% | 4.36% | -6.29% | 21.95% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
65 Neutral | ¥630.52B | 18.54 | 5.37% | 4.64% | 3.41% | 1.19% | |
64 Neutral | ¥221.81B | 18.82 | ― | 4.67% | -14.95% | -8.84% | |
61 Neutral | ¥244.51B | 20.17 | ― | 4.61% | 1.36% | -1.18% | |
60 Neutral | ¥521.28B | 18.98 | 7.25% | 4.46% | -1.59% | 7.45% |
* Real Estate Sector Average
JP:8957
TOKYU REIT
184,000.00
-8,289.19
-4.31%
JP:8955
Japan Prime Realty Investment
96,300.00
-1,084.21
-1.11%
JP:8960
United Urban Investment
159,900.00
-2,561.61
-1.58%
JP:8972
Kenedix Office Investment Corporation
151,600.00
-6,308.33
-3.99%
JP:3234
Mori Hills Reit Investment Corporation
126,900.00
-6,361.92
-4.77%
JP:8964
Frontier Real Estate Investment Corporation
80,000.00
-3,182.57
-3.83%
TOKYU REIT Corporate Events
TOKYU REIT Extends Deadline for Compliance Work at Tokyu Susukino Building
Jul 27, 2026
TOKYU REIT has agreed with seller Tokyu Corporation to further extend the deadline for corrective actions related to legal compliance issues identified in fire protection equipment at the Tokyu Susukino Building. The completion date, initially set...
TOKYU REIT Extends ¥8 Billion Commitment Lines to Support Liquidity and Future Investments
Jul 10, 2026
TOKYU REIT has extended and amended its commitment line agreements with MUFG Bank, Sumitomo Mitsui Trust Bank and Mizuho Bank, maintaining a total facility of ¥8.0 billion to bolster liquidity and support future investment opportunities. The ...
TOKYU REIT Extends ¥8 Billion Commitment Line to Bolster Liquidity
Jun 24, 2026
TOKYU REIT has amended the term of its ¥8.0 billion commitment line agreement with the Development Bank of Japan, extending the commitment period by one year from July 2, 2026 to July 1, 2027. The line remains unsecured and unguaranteed, and ...
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...
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.