Kenedix Office Investment Corporation (8972) AI Stock Analysis

• Market Cap: €703.68B
• Dividend Yield: 4.72%
• Average Volume (3M): 6.78K
• Price to Earnings (P/E): 20.7
• Beta (1Y): 0.25
• Revenue Growth: 41.48%
• EPS Growth: -28.91%
• Country: JP
• Employees: 33
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Diversified
• EPS (TTM): 4153.00
• Shares Outstanding: 4,079,309
• 10 Day Avg. Volume: 5,490
• 30 Day Avg. Volume: 6,775
• PEG Ratio: 0.06
• Price to Book (P/B): 0.93
• Price to Sales (P/S): 7.58
• P/FCF Ratio: -32.63
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €187,850.42
• Price Target Upside: 8.90% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 71 Outperform
• Price Target: ¥185,441 ▲(7.50% Upside)

Kenedix Office Investment Corporation shows strong financial performance with impressive profitability and revenue growth. The technical indicators suggest a positive trend, and the valuation metrics indicate a balanced investment opportunity. However, the negative free cash flow remains a concern that could impact long-term growth.

Kenedix Office Investment Corporation Business Overview & Revenue Model

Company Description

KDX Realty Investment Corp. operates as a real estate investment trust company. The company primarily invests in the real estate, chiefly office buildings, housing and commercial buildings located in Tokyo and regional economic areas. Its property portfolio includes KDX Nihonbashi 313 Building, Higashi-Kayabacho Yuraku Building, Harajuku FF Building, Ark Mori Building, Ginza 4-chome Tower, Portas Center Building and others; and also the asset manager of the company is Kenedix Real Estate Fund Management Inc. The company was founded on May 6, 2005 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Kenedix Office Investment Corporation generates revenue primarily through rental income from its portfolio of office properties. The company leases office spaces to a diverse range of tenants, ensuring a steady cash flow. Additionally, Kenedix Office Investment Corporation may engage in property sales when strategically beneficial, which can provide significant capital gains. The company's revenue is also bolstered by property management fees, which are earned by providing operational and management services to the properties in its portfolio. Strategic partnerships with property management firms and real estate brokers further enhance its ability to maintain high occupancy rates and optimize asset performance, contributing to its overall earnings.

Kenedix Office Investment Corporation Financial Statement Overview

Summary

Kenedix Office Investment Corporation shows strong revenue growth and profitability metrics, with high operational efficiency and effective leverage management. The balance sheet reflects a stable financial position with a prudent equity ratio. Although operating cash flows are robust, negative free cash flow suggests aggressive reinvestment strategies, warranting cautious optimism.

Income Statement

The company has shown significant revenue growth with a 109% increase over the previous year. The gross profit margin stands at 60.6%, and the net profit margin is an impressive 63.3%. The EBIT margin is at 47.2%, and EBITDA margin is at 81.6%, indicating strong operational efficiency. These metrics reflect robust profitability and operational health, although the high net profit margin suggests potential non-operational income impact.

Balance Sheet

The debt-to-equity ratio is approximately 0.86, indicating a balanced approach to leveraging. The equity ratio is 51.2%, reflecting a solid equity base relative to total assets. Return on equity is notably high at 77.7%, driven by strong net income. While the balance sheet shows strength, the high ROE may include non-operational factors, suggesting cautious optimism.

Cash Flow

Operating cash flow to net income ratio is 1.16, indicating healthy cash generation relative to income. However, free cash flow is negative, resulting from substantial capital expenditures, reflecting potential reinvestment for growth. The free cash flow to net income ratio is negative, suggesting caution in cash flow management despite strong operational cash flows.

Breakdown	TTM	Dec 2025	Dec 2025	Dec 2024	Dec 2024	Dec 2023
Income Statement
Total Revenue	78.06B	78.06B	78.06B	33.95B	33.95B	32.16B
Gross Profit	47.34B	47.34B	47.34B	18.27B	18.27B	17.14B
EBITDA	63.37B	63.66B	63.66B	21.18B	21.18B	19.70B
Net Income	49.24B	49.40B	49.40B	13.78B	13.78B	12.95B
Balance Sheet
Total Assets	1.25T	1.24T	1.24T	475.37B	475.37B	473.01B
Cash, Cash Equivalents and Short-Term Investments	61.86B	24.86B	24.86B	28.94B	28.94B	20.38B
Total Debt	557.93B	548.40B	548.40B	214.95B	214.95B	214.95B
Total Liabilities	606.12B	606.12B	606.12B	243.84B	243.84B	243.45B
Stockholders Equity	631.44B	635.86B	635.86B	231.52B	231.52B	229.56B
Cash Flow
Free Cash Flow	23.99B	-18.14B	-18.14B	20.04B	20.04B	-1.16B
Operating Cash Flow	73.11B	57.06B	57.06B	21.88B	21.88B	20.90B
Investing Cash Flow	-49.33B	-73.68B	-73.68B	-675.89M	-675.89M	-20.12B
Financing Cash Flow	-23.64B	-5.85B	-5.85B	-12.63B	-12.63B	1.19B

Kenedix Office Investment Corporation Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 172500.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8972, the sentiment is Positive. The current price of 172500 is above the 20-day moving average (MA) of 167740.12, above the 50-day MA of 166003.52, and above the 200-day MA of 151721.36, indicating a bullish trend. The MACD of 1510.72 indicates Negative momentum. The RSI at 60.39 is Neutral, neither overbought nor oversold. The STOCH value of 16.64 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8972.

Kenedix Office Investment Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
8960	75 Outperform	$580.37B	23.45	6.80%	4.26%	52.74%	14.88%
8955	72 Outperform	¥416.41B	21.97	7.12%	3.78%	78.62%	28.76%
3249	71 Outperform	€367.50B	20.30	7.56%	4.77%	-6.57%	2.83%
8972	71 Outperform	€703.68B	20.73	5.41%	4.72%	41.48%	-28.91%
3309	69 Neutral	$344.32B	15.94	7.47%	5.63%	18.76%	77.88%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
8984	64 Neutral	¥616.04B	21.87	―	4.61%	27.21%	39.13%

Kenedix Office Investment Corporation Corporate Events

Kenedix Office Investment Corporation Undertakes 7.5 Billion Yen Debt Financing for Hotel Acquisition

Kenedix Office Investment Corporation announced a debt financing initiative totaling 7,500 million yen to fund the acquisition of Hotel JAL City Nagoya Nishiki. This move is expected to enhance the company’s asset portfolio and strengthen its market position by expanding its investment in hospitality properties, which could potentially increase returns for stakeholders.

The most recent analyst rating on (JP:8972) stock is a Buy with a Yen186000.00 price target. To see the full list of analyst forecasts on Kenedix Office Investment Corporation stock, see the JP:8972 Stock Forecast page.

Kenedix Office Investment Corporation Announces Strategic Property Transactions

Kenedix Office Investment Corporation, through its asset management company Kenedix Real Estate Fund Management, Inc., announced a strategic transaction involving the acquisition of a retail facility and a hotel, and the disposition of a retail facility. This move aims to enhance the quality of its portfolio by acquiring properties expected to generate stable demand and future revenue growth, while disposing of assets with declining profitability. This reshuffle is intended to stabilize cash flow, rejuvenate the retail facilities portfolio, and improve portfolio profitability, leading to steady dividend growth.

The most recent analyst rating on (JP:8972) stock is a Buy with a Yen186000.00 price target. To see the full list of analyst forecasts on Kenedix Office Investment Corporation stock, see the JP:8972 Stock Forecast page.

Kenedix Office Investment Corporation Announces New Debt Financing and Prepayment Initiative

Kenedix Office Investment Corporation announced a new debt financing initiative totaling 4,800 million yen, which includes green and social loans, and the prepayment of 2,300 million yen in borrowings. This strategic financial move is expected to enhance the company’s sustainability efforts and optimize its financial structure, potentially impacting its market positioning and providing benefits to stakeholders by aligning with environmental and social governance standards.

The most recent analyst rating on (JP:8972) stock is a Buy with a Yen186000.00 price target. To see the full list of analyst forecasts on Kenedix Office Investment Corporation stock, see the JP:8972 Stock Forecast page.

Kenedix Office Investment Corporation Finalizes Interest Rates for Series 0035 Debt Financing

Kenedix Office Investment Corporation announced the determination of interest rates for its Series 0035 debt financing. The financing involves multiple lenders and is structured with fixed interest rates, with the principal repayment scheduled for various dates up to 2032. This move is part of the company’s strategic financial management, potentially impacting its liquidity and financial stability.

The most recent analyst rating on (JP:8972) stock is a Buy with a Yen186000.00 price target. To see the full list of analyst forecasts on Kenedix Office Investment Corporation stock, see the JP:8972 Stock Forecast page.

KDX Realty Announces 12.4 Billion Yen Debt Financing with Green and Social Loans

KDX Realty Investment Corporation has announced a debt financing initiative totaling 12,400 million yen, with portions designated as green and social loans. This financing is aimed at repaying existing borrowings and supports the company’s sustainability goals, as indicated by its adherence to the Sustainability Finance Framework, which has received a high evaluation from the Japan Credit Rating Agency.

The most recent analyst rating on (JP:8972) stock is a Buy with a Yen186000.00 price target. To see the full list of analyst forecasts on Kenedix Office Investment Corporation stock, see the JP:8972 Stock Forecast page.

KDX Realty Announces 2,800 Million Yen Debt Financing

KDX Realty Investment Corporation announced a debt financing initiative totaling 2,800 million yen, aimed at refinancing existing borrowings. This move is part of the company’s strategic financial management to maintain its current debt levels without increasing its overall liabilities, ensuring stability in its financial operations.

The most recent analyst rating on (JP:8972) stock is a Hold with a Yen155000.00 price target. To see the full list of analyst forecasts on Kenedix Office Investment Corporation stock, see the JP:8972 Stock Forecast page.