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Japan Prime Realty Investment

DB:58JA
Snowflake Description

Mediocre balance sheet with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
58JA
DB
¥448B
Market Cap
  1. Home
  2. DE
  3. Real Estate
Company description

JPR was established on September 14, 2001 under the Act on Investment Trusts and Investment Corporations (Act No. The last earnings update was 90 days ago. More info.


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58JA Share Price and Events
7 Day Returns
-0.1%
DB:58JA
-1.3%
DE REITs
1.6%
DE Market
1 Year Returns
25.8%
DB:58JA
11.7%
DE REITs
-7.4%
DE Market
58JA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Japan Prime Realty Investment (58JA) -0.1% 2.9% 8.9% 25.8% 4.9% 51.3%
DE REITs -1.3% 2% 4.6% 11.7% 7.9% 11.3%
DE Market 1.6% 1.5% 3% -7.4% 14.7% 9.4%
1 Year Return vs Industry and Market
  • 58JA outperformed the REITs industry which returned 11.7% over the past year.
  • 58JA outperformed the Market in Germany which returned -7.4% over the past year.
Price Volatility
58JA
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Japan Prime Realty Investment's competitors could be found in our database.

Value

 Is Japan Prime Realty Investment undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Japan Prime Realty Investment to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Japan Prime Realty Investment.

DB:58JA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:58JA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.49
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.494 (1 + (1- 30.86%) (40.44%))
0.754
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.8 * 5.96%)
5%

Discounted Cash Flow Calculation for DB:58JA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Japan Prime Realty Investment is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:58JA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 5%)
2019 10,212.76 Est @ -2.24% 9,726.81
2020 10,059.72 Est @ -1.5% 9,125.16
2021 9,961.08 Est @ -0.98% 8,605.74
2022 9,899.52 Est @ -0.62% 8,145.60
2023 9,863.47 Est @ -0.36% 7,729.76
2024 9,845.07 Est @ -0.19% 7,348.22
2025 9,838.95 Est @ -0.06% 6,994.22
2026 9,841.40 Est @ 0.02% 6,663.08
2027 9,849.84 Est @ 0.09% 6,351.47
2028 9,862.50 Est @ 0.13% 6,057.02
Present value of next 10 years cash flows ¥76,747.09
DB:58JA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥9,862.50 × (1 + 0.23%) ÷ (5% – 0.23%)
¥207,319.27
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥207,319.27 ÷ (1 + 5%)10
¥127,324.54
DB:58JA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥76,747.09 + ¥127,324.54
¥204,071.64
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥204,071.64 / 0.92
¥1755.55
DB:58JA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:58JA represents 0.00794x of TSE:8955
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00794x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 1,755.55 x 0.00794
€13.94
Value per share (EUR) From above. €13.94
Current discount Discount to share price of €3,851.00
= -1 x (€3,851.00 - €13.94) / €13.94
-27526.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Japan Prime Realty Investment is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Japan Prime Realty Investment's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Japan Prime Realty Investment's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:58JA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in JPY ¥14,567.92
TSE:8955 Share Price ** TSE (2019-06-24) in JPY ¥485000
Germany REITs Industry PE Ratio Median Figure of 5 Publicly-Listed REITs Companies 13.05x
Germany Market PE Ratio Median Figure of 425 Publicly-Listed Companies 20.07x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Japan Prime Realty Investment.

DB:58JA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:8955 Share Price ÷ EPS (both in JPY)

= 485000 ÷ 14,567.92

33.29x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Japan Prime Realty Investment is overvalued based on earnings compared to the DE REITs industry average.
  • Japan Prime Realty Investment is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Japan Prime Realty Investment's expected growth come at a high price?
Raw Data
DB:58JA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 33.29x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
4.6%per year
Europe REITs Industry PEG Ratio Median Figure of 61 Publicly-Listed REITs Companies 0.61x
Germany Market PEG Ratio Median Figure of 272 Publicly-Listed Companies 1.46x

*Line of best fit is calculated by linear regression .

DB:58JA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 33.29x ÷ 4.6%

7.31x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Japan Prime Realty Investment is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Japan Prime Realty Investment's assets?
Raw Data
DB:58JA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in JPY ¥258,626.22
TSE:8955 Share Price * TSE (2019-06-24) in JPY ¥485000
Germany REITs Industry PB Ratio Median Figure of 5 Publicly-Listed REITs Companies 1.33x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.8x
DB:58JA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:8955 Share Price ÷ Book Value per Share (both in JPY)

= 485000 ÷ 258,626.22

1.88x

* Primary Listing of Japan Prime Realty Investment.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Japan Prime Realty Investment is overvalued based on assets compared to the DE REITs industry average.
X
Value checks
We assess Japan Prime Realty Investment's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. Japan Prime Realty Investment has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Japan Prime Realty Investment expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
4.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Japan Prime Realty Investment expected to grow at an attractive rate?
  • Japan Prime Realty Investment's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Japan Prime Realty Investment's earnings growth is positive but not above the Germany market average.
  • Japan Prime Realty Investment's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:58JA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:58JA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 4.6%
DB:58JA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts -4.4%
Germany REITs Industry Earnings Growth Rate Market Cap Weighted Average -5.5%
Europe REITs Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:58JA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:58JA Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 27,827 18,270 15,226 2
2020-12-31 27,052 18,141 14,558 2
2019-12-31 31,403 17,665 13,719 1
DB:58JA Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-12-31 30,857 17,778 13,446
2018-09-30 30,602 17,563 13,400
2018-06-30 30,347 17,347 13,352
2018-03-31 30,303 19,530 13,443
2017-12-31 30,260 21,712 13,533
2017-09-30 30,242 22,467 13,277
2017-06-30 30,224 23,222 13,020
2017-03-31 29,788 20,719 12,535
2016-12-31 29,352 18,215 12,050
2016-09-30 28,852 16,743 11,848
2016-06-30 28,352 15,271 11,646
2016-03-31 28,355 15,009 11,500

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Japan Prime Realty Investment's earnings are expected to grow by 4.6% yearly, however this is not considered high growth (20% yearly).
  • Japan Prime Realty Investment's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:58JA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Japan Prime Realty Investment Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:58JA Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 16,283.67 17,043.34 15,524.00 2.00
2020-12-31 15,672.43 16,013.86 15,331.00 2.00
2019-12-31 14,862.93 14,865.85 14,860.00 2.00
DB:58JA Past Financials Data
Date (Data in JPY Millions) EPS *
2018-12-31 14,567.92
2018-09-30 14,516.19
2018-06-30 14,463.51
2018-03-31 14,587.88
2017-12-31 14,712.68
2017-09-30 14,633.87
2017-06-30 14,552.40
2017-03-31 14,182.24
2016-12-31 13,802.42
2016-09-30 13,571.54
2016-06-30 13,340.66
2016-03-31 13,341.06

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Japan Prime Realty Investment is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Japan Prime Realty Investment's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Japan Prime Realty Investment has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Japan Prime Realty Investment performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Japan Prime Realty Investment's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Japan Prime Realty Investment's year on year earnings growth rate has been positive over the past 5 years.
  • Japan Prime Realty Investment's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Japan Prime Realty Investment's 1-year earnings growth is negative, it can't be compared to the DE REITs industry average.
Earnings and Revenue History
Japan Prime Realty Investment's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Japan Prime Realty Investment Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:58JA Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 30,856.97 13,446.19 197.45
2018-09-30 30,602.30 13,399.54 224.01
2018-06-30 30,346.89 13,352.01 225.29
2018-03-31 30,303.50 13,442.62 226.77
2017-12-31 30,260.10 13,533.22 228.26
2017-09-30 30,242.01 13,276.71 229.02
2017-06-30 30,223.76 13,019.80 197.37
2017-03-31 29,788.19 12,534.86 230.33
2016-12-31 29,352.46 12,049.52 230.88
2016-09-30 28,852.27 11,847.96 234.01
2016-06-30 28,352.09 11,646.40 237.14
2016-03-31 28,354.65 11,499.58 236.40
2015-12-31 28,357.21 11,352.75 235.67
2015-09-30 28,255.94 11,097.25 233.94
2015-06-30 28,153.84 10,841.67 200.17
2015-03-31 27,895.85 10,576.69 235.57
2014-12-31 27,637.03 10,311.64 238.93
2014-09-30 27,481.44 10,169.32 241.97
2014-06-30 27,325.85 10,027.00 245.01
2014-03-31 27,098.16 9,977.90 245.25
2013-12-31 26,869.81 9,928.77 209.24
2013-09-30 26,556.41 9,964.65 246.05
2013-06-30 26,556.00 9,948.00 168.00
2013-03-31 25,775.89 9,811.45 247.43
2012-12-31 25,308.90 9,621.68 206.87
2012-09-30 24,714.05 9,209.74 248.56
2012-06-30 24,690.00 9,192.00 160.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Japan Prime Realty Investment has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Japan Prime Realty Investment used its assets less efficiently than the DE REITs industry average last year based on Return on Assets.
  • Japan Prime Realty Investment has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Japan Prime Realty Investment's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Japan Prime Realty Investment has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Japan Prime Realty Investment's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Japan Prime Realty Investment's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Japan Prime Realty Investment is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Japan Prime Realty Investment's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Japan Prime Realty Investment's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Japan Prime Realty Investment Company Filings, last reported 5 months ago.

DB:58JA Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 238,712.00 181,020.00 22,784.00
2018-09-30 238,712.44 181,020.00 22,784.30
2018-06-30 238,638.69 181,120.00 21,115.28
2018-03-31 238,638.69 181,120.00 21,115.28
2017-12-31 238,619.33 181,228.00 20,773.08
2017-09-30 238,619.33 181,228.00 20,773.08
2017-06-30 238,611.00 181,394.00 18,984.00
2017-03-31 238,611.11 181,394.00 18,984.87
2016-12-31 216,639.01 188,960.00 17,896.63
2016-09-30 216,639.01 188,960.00 17,896.63
2016-06-30 216,384.20 176,126.00 14,277.83
2016-03-31 216,384.20 176,126.00 14,277.83
2015-12-31 216,238.80 176,292.00 13,505.10
2015-09-30 216,238.80 176,292.00 13,505.10
2015-06-30 216,092.00 176,458.00 12,786.00
2015-03-31 216,092.91 176,458.00 12,786.02
2014-12-31 197,378.05 191,024.00 12,117.34
2014-09-30 197,378.05 191,024.00 12,117.34
2014-06-30 197,213.00 191,190.00 11,557.00
2014-03-31 197,095.12 191,759.00 9,781.00
2013-12-31 197,095.00 191,759.00 9,781.00
2013-09-30 197,095.12 191,759.00 9,781.00
2013-06-30 197,116.00 187,158.00 10,852.00
2013-03-31 197,168.61 180,557.00 8,402.89
2012-12-31 197,168.00 180,557.00 8,402.00
2012-09-30 197,168.61 180,557.00 8,402.89
2012-06-30 176,035.00 195,081.00 12,750.00
  • Japan Prime Realty Investment's level of debt (75.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (97.3% vs 75.8% today).
  • Debt is not well covered by operating cash flow (9.8%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 9x coverage).
X
Financial health checks
We assess Japan Prime Realty Investment's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Japan Prime Realty Investment has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Japan Prime Realty Investment's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.04%
Current annual income from Japan Prime Realty Investment dividends. Estimated to be 3.19% next year.
If you bought €2,000 of Japan Prime Realty Investment shares you are expected to receive €61 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Japan Prime Realty Investment's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.45%).
  • Japan Prime Realty Investment's dividend is below the markets top 25% of dividend payers in Germany (3.87%).
Upcoming dividend payment

Purchase Japan Prime Realty Investment before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:58JA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Germany REITs Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 3.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 328 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:58JA Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 16,100.87 3.00
2020-12-31 15,478.26 3.00
2019-12-31 14,848.65 3.00
DB:58JA Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-02-14 14,730.000 3.265
2018-10-01 14,580.000 3.448
2018-08-14 14,580.000 3.624
2018-03-26 14,443.000 3.623
2018-02-14 14,443.000 3.923
2017-09-22 14,440.000 3.895
2017-08-14 14,440.000 3.668
2017-03-23 14,340.000 3.442
2017-02-14 14,340.000 3.228
2016-09-26 14,000.000 3.083
2016-08-12 14,000.000 3.057
2016-03-24 13,260.000 2.887
2016-02-12 13,260.000 2.927
2015-09-24 13,060.000 3.233
2015-08-14 13,060.000 3.475
2015-03-24 12,720.000 3.125
2015-02-13 12,720.000 3.073
2014-08-14 12,330.000 3.090
2014-02-14 12,056.000 3.415
2013-08-14 11,831.000 3.670
2013-02-14 12,523.000 4.102
2012-08-17 12,430.000 5.230
2012-03-26 22,974.000 10.415
2012-02-29 22,974.000 10.289
2011-08-12 11,311.000 5.956
2011-03-28 12,450.000 5.696
2011-02-15 24,900.000 11.331
2010-09-29 12,520.000 5.820
2010-08-13 12,520.000 6.804
2010-03-01 13,533.000 6.682
2010-02-16 13,533.000 6.967

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Japan Prime Realty Investment has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Japan Prime Realty Investment only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Japan Prime Realty Investment's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Japan Prime Realty Investment's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Japan Prime Realty Investment afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Japan Prime Realty Investment has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Japan Prime Realty Investment's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Satoshi Okubo
AGE 64
TENURE AS CEO 1.8 years
CEO Bio

Mr. Satoshi Okubo serves Chief Executive Officer and Director at Japan Prime Realty Investment Corporation. As Apr. 2017: Appointed as Director, Tokyo Realty Investment Management, Inc. (currently held position). Jun. 2010: Appointed as President and CEO, Tokyo Realty Investment Management, Inc. Mar. 2010: Appointed as Auditor (part time), Tokyo Tatemono Real Estate Sales Co., Ltd. Appointed as Advisor, Tokyo Tatemono Co., Ltd. Oct. 2005: Appointed as Director and Head of Kansai Branch Office. Mar. 2005: Appointed as Director and Head of Osaka Branch Office. Oct. 1998: Appointed as General Manager, Residential Management Dept. Jan. 1996: Appointed as Group Leader, Second Leasing Group, Second Building Leasing Dept. Apr. 1995: Appointed as Manager, Management Planning Office, Corporate Planning Division. Apr. 1994: Appointed as Manager, Corporate Planning Division and Manager, International Planning Office, Corporate Planning Division. Apr. 1992: Appointed as Manager, Corporate Communications Office and Manager, Corporate Planning Division. Apr. 1977: Joined Tokyo Tatemono Co., Ltd.

CEO Compensation
  • Insufficient data for Satoshi to compare compensation growth.
  • Insufficient data for Satoshi to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team

Satoshi Okubo

TITLE
CEO & Director
AGE
64
TENURE
1.8 yrs

Nobuhiko Morita

TITLE
Senior Manager
Board of Directors Tenure

Average tenure and age of the Japan Prime Realty Investment board of directors in years:

3.8
Average Tenure
54
Average Age
  • The tenure for the Japan Prime Realty Investment board of directors is about average.
Board of Directors

Satoshi Okubo

TITLE
CEO & Director
AGE
64
TENURE
1.8 yrs

Masato Denawa

TITLE
Supervising Officer
AGE
54
TENURE
11.8 yrs

Nobuhisa Kusanagi

TITLE
Supervising Officer
AGE
52
TENURE
3.8 yrs

Masaaki Sugiyama

TITLE
Substitute Supervising Officer

Akihiro Kawaguchi

TITLE
Substitute Supervising Officer
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Japan Prime Realty Investment's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Japan Prime Realty Investment has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

JPR was established on September 14, 2001 under the Act on Investment Trusts and Investment Corporations (Act No. 198 of 1951, as amended), and was listed on the Tokyo Stock Exchange Real Estate Investment Trust Section (securities code: 8955) on June 14, 2002 with 289,600 outstanding investment units. With the subsequently implemented public offerings and other capital raising measures by JPR, the number of investment units issued and outstanding totals 923,000 units as of the end of the 34th fiscal period (December 31, 2018). JPR has assigned the asset management of its portfolio to Tokyo Realty Investment Management, Inc. (TRIM), through which JPR aims to maximize unitholder value by efficiently managing the portfolio primarily comprising office properties and retail properties.

Details
Name: Japan Prime Realty Investment Corporation
58JA
Exchange: DB
Founded: 2001
¥3,660,355,761
923,000
Website: http://www.jpr-reit.co.jp
Address: Japan Prime Realty Investment Corporation
4-16, Yaesu, 1-chome,
Chuo-ku,
Tokyo,
103-0028,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 8955 Investment Units The Tokyo Stock Exchange JP JPY 14. Jun 2002
OTCPK JPRR.F Investment Units Pink Sheets LLC US USD 14. Jun 2002
DB 58JA Investment Units Deutsche Boerse AG DE EUR 14. Jun 2002
Number of employees
Current staff
Staff numbers
0
Japan Prime Realty Investment employees.
Industry
Office REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/24 21:27
End of day share price update: 2019/06/24 00:00
Last estimates confirmation: 2019/04/08
Last earnings filing: 2019/03/26
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.