Frontier Real Estate Investment Corporation (JP:8964)
:8964
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Frontier Real Estate Investment Corporation
(8964)
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Rating:79Outperform
Price Target:
¥103,279
▲(9.87% Upside)
Action:ReiteratedDate:10/07/25
The overall score reflects a company with solid underlying financial health but facing a significant headwind. The primary strengths are its robust cash flow generation and stable balance sheet, complemented by an attractive 4.86% dividend yield and positive technical momentum. However, the score is constrained by a notable -15.91% decline in annual revenue, which introduces uncertainty about future growth.
Positive Factors
Cash Flow Generation
Strong cash flow generation enhances financial flexibility, allowing for reinvestment in growth opportunities and providing a buffer against economic downturns.
Negative Factors
Revenue Decline
A decline in revenue can signal challenges in maintaining market share or demand, potentially impacting future profitability and growth prospects if not addressed.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash Flow Generation
Strong cash flow generation enhances financial flexibility, allowing for reinvestment in growth opportunities and providing a buffer against economic downturns.
Read all positive factors
Frontier Real Estate Investment Corporation (8964) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥235.33B
Dividend Yield4.67%
Average Volume (3M)4.31K
Price to Earnings (P/E)21.3
Beta (1Y)0.21
Revenue Growth4.11%
EPS Growth2.05%
CountryJP
Employees21
SectorReal Estate
Sector Strength53
IndustryREIT - Diversified
Share Statistics
EPS (TTM)2183.00
Shares Outstanding2,705,000
10 Day Avg. Volume3,454
30 Day Avg. Volume4,307
Financial Highlights & Ratios
PEG Ratio-2.41
Price to Book (P/B)1.43
Price to Sales (P/S)10.56
P/FCF Ratio59.97
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥105,000.00Price Target Upside11.70% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)4,397.64
Revenue Forecast (FY)¥24.98B
Frontier Real Estate Investment Corporation Business Overview & Revenue Model
Company Description
FRI is a REIT specializing in retail facilities and aims to secure stable earnings over the medium to long term. While making the most of three key strengths, FRI maintains as its basic policy the stable payment of distributions....
How the Company Makes Money
Frontier Real Estate Investment Corporation generates revenue primarily through rental income from its portfolio of properties. The company leases space to residential tenants and commercial businesses, thereby creating a steady stream of cash flo...
Frontier Real Estate Investment Corporation Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
75
Positive
Cash Flow
88
Very Positive
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 23.82B | 24.45B | 29.08B | 25.76B | 22.16B |
| Gross Profit | 8.98B | 15.22B | 12.74B | 12.95B | 13.41B |
| EBITDA | 16.69B | 17.54B | 16.26B | 16.64B | 16.09B |
| Net Income | 11.79B | 12.93B | 11.85B | 12.07B | 11.43B |
Balance Sheet | |||||
| Total Assets | 343.93B | 333.31B | 336.33B | 329.73B | 330.06B |
| Cash, Cash Equivalents and Short-Term Investments | 18.32B | 12.86B | 17.62B | 17.54B | 8.10B |
| Total Debt | 137.70B | 127.70B | 130.10B | 123.20B | 123.40B |
| Total Liabilities | 168.39B | 157.66B | 161.94B | 155.16B | 155.61B |
| Stockholders Equity | 175.54B | 175.65B | 174.39B | 174.57B | 174.45B |
Cash Flow | |||||
| Free Cash Flow | 4.19B | 14.23B | 5.37B | 18.64B | -6.35B |
| Operating Cash Flow | 16.36B | 21.14B | 21.15B | 19.28B | 15.02B |
| Investing Cash Flow | -12.62B | -7.78B | -16.36B | -1.52B | -23.78B |
| Financing Cash Flow | -1.90B | -14.07B | -5.13B | -12.15B | 10.51B |
Frontier Real Estate Investment Corporation Technical Analysis
Neutral
94000.00
Price Trends
89250.00
Negative
90627.91
Negative
87951.89
Negative
Market Momentum
-571.79
Negative
49.98
Neutral
70.32
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8964, the sentiment is Neutral. The current price of 94000 is above the 20-day moving average (MA) of 87530.00, above the 50-day MA of 89250.00, and above the 200-day MA of 87951.89, indicating a neutral trend. The MACD of -571.79 indicates Negative momentum. The RSI at 49.98 is Neutral, neither overbought nor oversold. The STOCH value of 70.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:8964.
Frontier Real Estate Investment Corporation Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ¥235.33B | 21.34 | ― | 4.67% | 4.11% | 2.05% | |
73 Outperform | ¥668.08B | 10.14 | 5.51% | 4.64% | 24.10% | -30.38% | |
67 Neutral | ¥340.05B | 23.38 | 5.35% | 4.18% | -5.01% | ― | |
67 Neutral | ¥164.91B | 6.57 | ― | 4.70% | 50.47% | 26.45% | |
66 Neutral | ¥405.23B | 21.18 | 7.08% | 3.74% | 78.62% | 28.76% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
63 Neutral | ¥558.40B | 23.41 | 6.80% | 4.46% | 52.74% | 14.88% |
* Real Estate Sector Average
JP:8964
Frontier Real Estate Investment Corporation
87,900.00
11,419.39
14.93%
JP:3279
Activia Properties
144,400.00
36,615.65
33.97%
JP:8955
Japan Prime Realty Investment
101,100.00
16,407.15
19.37%
JP:8960
United Urban Investment
176,000.00
34,584.47
24.46%
JP:8972
Kenedix Office Investment Corporation
167,300.00
25,576.73
18.05%
JP:3296
NIPPON REIT Investment Corp
91,100.00
11,590.45
14.58%
Frontier Real Estate Investment Corporation Corporate Events
Frontier REIT Extends MUFG Commitment Line, Maintains ¥19 Billion in Credit Facilities
Jan 9, 2026
Frontier Real Estate Investment Corporation has extended the maturity of its existing ¥5.5 billion unsecured commitment line with MUFG Bank by one year, from February 6, 2026 to February 6, 2027, reinforcing its liquidity position for future ...
Frontier REIT Raises ¥18 Billion in New Borrowings, Expands Use of Green Loans
Jan 7, 2026
Frontier Real Estate Investment Corporation has arranged a total of ¥18 billion in new short-term and long-term borrowings to help finance the additional acquisition of a 71.5% quasi co-ownership stake in Mitsui Shopping Park LaLaport IZUMI a...
Frontier Real Estate Investment Corporation Revises Forecast Following Key Asset Acquisitions
Dec 18, 2025
Frontier Real Estate Investment Corporation has revised its operating forecast for the fiscal period ending June 30, 2026, following asset acquisitions, including a significant stake in Mitsui Shopping Park LaLaport IZUMI and other properties. The...
Frontier Real Estate Expands Portfolio with Major Property Acquisitions in Japan
Dec 18, 2025
Frontier Real Estate Investment Corporation has announced the acquisition of trust beneficiary rights for three prominent Japanese properties, including a significant 71.5% stake in Mitsui Shopping Park LaLaport Izumi and two buildings in Okinawa....
Frontier Real Estate Withdraws S&P Credit Ratings
Dec 9, 2025
Frontier Real Estate Investment Corporation has decided to withdraw its long-term and short-term credit ratings from SP Global Ratings Japan Inc., citing a comprehensive consideration of effects and costs. Despite this withdrawal, the company will...
Frontier Real Estate Extends Commitment Line to Strengthen Financial Stability
Nov 25, 2025
Frontier Real Estate Investment Corporation has announced an extension of its commitment line agreement with Mizuho Trust Banking Co., Ltd., extending the period from December 2028 to December 2029. This move is part of the company’s strate...
Frontier Real Estate Executes Green Loan for Asset Acquisition
Oct 20, 2025
Frontier Real Estate Investment Corporation has announced the execution of a long-term green loan to refinance the acquisition of Ikebukuro GLOBE, a green asset. The loan, amounting to ¥1,500 million, is unsecured and unguaranteed, with a fix...
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.