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Fukuoka Reit Corporation
(8968)
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Rating:73Outperform
Price Target:
¥197,355
▲(4.86% Upside)
Action:Upgraded
Date:08/04/26
The score is primarily supported by strong profitability and revenue growth alongside a stable, moderately levered balance sheet. It is tempered by weak free cash flow trends and only neutral-to-mild technical momentum, while the 4.67% dividend yield and a moderate 19.29 P/E provide a supportive (but not exceptional) valuation backdrop.
Positive Factors
Revenue growth & high margins
Consistent double-digit revenue growth with very strong operating and EBITDA margins reflects durable, cash-generative rental operations and efficient property management. High margins support sustained distributions and reinvestment capacity across market cycles.
Negative Factors
Weak free cash flow trend
Severely negative free cash flow growth signals recurring cash deployment or timing mismatches that can erode liquidity and constrain reinvestment. Over time this limits flexibility for acquisitions, debt amortization or sustaining distributions without external financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth & high margins
Consistent double-digit revenue growth with very strong operating and EBITDA margins reflects durable, cash-generative rental operations and efficient property management. High margins support sustained distributions and reinvestment capacity across market cycles.
Read all positive factors
Fukuoka Reit Corporation (8968) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥156.00B
Dividend Yield4.67%
Average Volume (3M)1.91K
Price to Earnings (P/E)19.3
Beta (1Y)0.24
Revenue Growth4.45%
EPS Growth7.55%
CountryJP
Employees34
SectorGeneral
Sector StrengthN/A
IndustryREIT - Diversified
Share Statistics
EPS (TTM)9272.06
Shares Outstanding872,000
10 Day Avg. Volume1,592
30 Day Avg. Volume1,905
Financial Highlights & Ratios
PEG Ratio1.14
Price to Book (P/B)1.41
Price to Sales (P/S)7.56
P/FCF Ratio-21.12
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)9,277.87
Revenue Forecast (FY)¥21.42B
Fukuoka Reit Corporation Business Overview & Revenue Model
Company Description
Fukuoka REIT Corporation, trading under the securities code 8968, stands as Japan's inaugural region-specific Real Estate Investment Trust. Capitalizing on its deep insight into the regional intricacies of real estate – an intrinsically localized ...
How the Company Makes Money
Fukuoka REIT Corporation primarily makes money by owning real estate and earning property-level cash flows, then distributing most of its earnings to unitholders as required/typical under the J-REIT framework. Key revenue and earnings drivers incl...
Fukuoka Reit Corporation Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
65
Positive
| Breakdown | TTM | Aug 2025 | Aug 2024 | Aug 2023 | Aug 2022 | Aug 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 20.61B | 21.19B | 18.98B | 17.77B | 17.49B | 17.77B |
| Gross Profit | 10.55B | 10.50B | 8.54B | 6.30B | 7.70B | 7.61B |
| EBITDA | 12.44B | 12.03B | 10.11B | 9.43B | 9.37B | 9.34B |
| Net Income | 8.06B | 8.02B | 6.25B | 5.84B | 5.62B | 5.49B |
Balance Sheet | ||||||
| Total Assets | 227.42B | 226.81B | 215.08B | 203.87B | 201.22B | 199.80B |
| Cash, Cash Equivalents and Short-Term Investments | 9.96B | 3.11B | 3.88B | 6.27B | 4.20B | 6.95B |
| Total Debt | 96.35B | 96.35B | 96.35B | 86.45B | 83.90B | 82.40B |
| Total Liabilities | 113.70B | 113.44B | 112.92B | 101.94B | 99.48B | 98.05B |
| Stockholders Equity | 113.73B | 113.37B | 102.16B | 101.93B | 101.74B | 101.76B |
Cash Flow | ||||||
| Free Cash Flow | -6.44B | -7.59B | -7.57B | 3.47B | 1.42B | 492.28M |
| Operating Cash Flow | 10.46B | 8.89B | 8.68B | 8.63B | 7.86B | 10.10B |
| Investing Cash Flow | -14.52B | -12.72B | -14.52B | -3.55B | -6.16B | -2.27B |
| Financing Cash Flow | -7.72B | 3.18B | 3.88B | -3.10B | -4.13B | -5.26B |
Fukuoka Reit Corporation Technical Analysis
Negative
188200.00
Price Trends
173920.00
Positive
175611.00
Positive
180182.47
Negative
Market Momentum
1154.18
Positive
45.08
Neutral
7.81
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8968, the sentiment is Negative. The current price of 188200 is above the 20-day moving average (MA) of 178440.00, above the 50-day MA of 173920.00, and above the 200-day MA of 180182.47, indicating a neutral trend. The MACD of 1154.18 indicates Positive momentum. The RSI at 45.08 is Neutral, neither overbought nor oversold. The STOCH value of 7.81 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:8968.
Fukuoka Reit Corporation Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ¥156.00B | 19.29 | ― | 4.47% | 4.45% | 7.55% | |
68 Neutral | ¥153.38B | 11.64 | ― | 4.70% | 73.49% | 34.06% | |
67 Neutral | ¥182.56B | 18.24 | 8.09% | 4.04% | 6.01% | 7.66% | |
64 Neutral | ¥180.57B | 16.30 | ― | 4.96% | 24.25% | 15.71% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
JP:8968
Fukuoka Reit Corporation
175,700.00
-894.70
-0.51%
JP:8957
TOKYU REIT
184,600.00
-7,689.19
-4.00%
JP:3296
NIPPON REIT Investment Corp
82,100.00
-9,068.22
-9.95%
JP:3468
Star Asia Investment Corp.
52,800.00
-3,221.39
-5.75%
JP:8966
Heiwa Real Estate REIT, Inc.
131,800.00
-7,517.47
-5.40%
JP:8977
Hankyu Hanshin REIT, Inc.
136,900.00
-24,388.10
-15.12%
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.