Japan Metropolitan Fund Investment (DB:59JA) - Stock Price, News & Analysis

59JA Stock Overview

59JA fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	2/6
Past Performance	3/6
Financial Health	2/6
Dividends	6/6

Rewards

Price-To-Earnings ratio (20.6x) is below the Retail REITs industry average (22.5x)

Earnings are forecast to grow 7.77% per year

Pays a high and reliable dividend of 6.04%

Risk Analysis

Debt is not well covered by operating cash flow

Shareholders have been diluted in the past year

Japan Metropolitan Fund Investment Corporation Competitors

Hamborner REIT

XTRA:HABA

€515.7m

Tanger

NYSE:SKT

US$4.2b

RioCan Real Estate Investment Trust

TSX:REI.UN

CA$5.7b

Macerich

NYSE:MAC

US$4.6b

Price History & Performance

Summary of all time highs, changes and price drops for Japan Metropolitan Fund Investment
Historical stock prices
Current Share Price	JP¥565.00
52 Week High	JP¥650.00
52 Week Low	JP¥510.00
Beta	0.73
11 Month Change	-2.59%
3 Month Change	-0.88%
1 Year Change	-4.24%
33 Year Change	-26.14%
5 Year Change	-44.06%
Change since IPO	22.16%

Recent updates

Shareholder Returns

	59JA	DE Retail REITs	DE Market
7D	0.9%	1.4%	-0.02%
1Y	-4.2%	18.0%	8.2%

Return vs Industry: 59JA underperformed the German Retail REITs industry which returned 15.7% over the past year.

Return vs Market: 59JA underperformed the German Market which returned 7.4% over the past year.

Price Volatility

Is 59JA's price volatile compared to industry and market?
59JA volatility
59JA Average Weekly Movement	2.8%
Retail REITs Industry Average Movement	2.6%
Market Average Movement	4.8%
10% most volatile stocks in DE Market	10.9%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: 59JA has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: 59JA's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2001	n/a	n/a	www.jmf-reit.com

Japan Metropolitan Fund Investment Corporation (JMF) has been listed on the Real Estate Investment Trust (“REIT”) Section on the Tokyo Stock Exchange (Securities code: 8953) as Japan Retail Fund in March 2002. It was the first investment corporation in Japan to specifically target retail property assets. After that, JMF merged with LaSalle Japan REIT Inc. in March 2010, and merged with MCUBS MidCity Investment Corporation which focused on office building in March 2021.

Japan Metropolitan Fund Investment Corporation Fundamentals Summary

How do Japan Metropolitan Fund Investment's earnings and revenue compare to its market cap?
59JA fundamental statistics
Market cap	€4.05b
Earnings (TTM)	€196.68m
Revenue (TTM)	€506.79m

20.6x

P/E Ratio

8.0x

P/S Ratio

Is 59JA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
59JA income statement (TTM)
Revenue	JP¥81.72b
Cost of Revenue	JP¥43.53b
Gross Profit	JP¥38.18b
Other Expenses	JP¥6.47b
Earnings	JP¥31.71b

Last Reported Earnings

Aug 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	4.41k
Gross Margin	46.73%
Net Profit Margin	38.81%
Debt/Equity Ratio	88.7%

How did 59JA perform over the long term?

See historical performance and comparison

Dividends

6.0%

Current Dividend Yield

75%

Payout Ratio

Does 59JA pay a reliable dividends?

See 59JA dividend history and benchmarks

When do you need to buy 59JA by to receive an upcoming dividend?
Japan Metropolitan Fund Investment dividend dates
Ex Dividend Date	Aug 29 2024
Dividend Pay Date	Nov 22 2024
Days until Ex dividend	87 days
Days until Dividend pay date	2 days

Does 59JA pay a reliable dividends?

See 59JA dividend history and benchmarks

59JA Stock Overview

Rewards

Risk Analysis

Japan Metropolitan Fund Investment Corporation Competitors

XTRA:HABA

€515.7m

NYSE:SKT

US$4.2b

TSX:REI.UN

CA$5.7b

NYSE:MAC

US$4.6b

Price History & Performance

Recent News & Updates

Japan Metropolitan Fund Investment Corporation (TSE:8953) signed a letter of intent to acquire Kamakura-shi Onarimachi Project from Hajime Construction Co.,Ltd for ¥3.2 billion

First half 2025 earnings released: EPS: JP¥2,248 (vs JP¥2,297 in 1H 2024)

New minor risk - Shareholder dilution

Japan Metropolitan Fund Investment Corporation Provides Dividend Guidance for the August 2025 (47Th) Fiscal Period (March 1, 2025 to August 31, 2025)

Japan Metropolitan Fund Investment Corporation Revises Earnings Guidance for the Period from September 1, 2024 to February 28, 2025

An undisclosed buyer agreed to acquire Ito-Yokado Tsunashima from Japan Metropolitan Fund Investment Corporation (TSE:8953) for ¥9.0 billion.

Recent updates

Japan Metropolitan Fund Investment Corporation (TSE:8953) signed a letter of intent to acquire Kamakura-shi Onarimachi Project from Hajime Construction Co.,Ltd for ¥3.2 billion

First half 2025 earnings released: EPS: JP¥2,248 (vs JP¥2,297 in 1H 2024)

New minor risk - Shareholder dilution

Japan Metropolitan Fund Investment Corporation Provides Dividend Guidance for the August 2025 (47Th) Fiscal Period (March 1, 2025 to August 31, 2025)

Japan Metropolitan Fund Investment Corporation Revises Earnings Guidance for the Period from September 1, 2024 to February 28, 2025

An undisclosed buyer agreed to acquire Ito-Yokado Tsunashima from Japan Metropolitan Fund Investment Corporation (TSE:8953) for ¥9.0 billion.

Upcoming dividend of JP¥2,250 per share

Japan Metropolitan Fund Investment Corporation (TSE:8953) completed the acquisition of JMF-Residence Tenjimbashisuji 6-chome from Ultra Estate, Inc.

Japan Metropolitan Fund Investment Corporation (TSE:8953) completed the acquisition of Trust Beneficiary Rights of JMF-Residence Asakusabashi 3-chome.

Full year 2024 earnings released: EPS: JP¥4,588 (vs JP¥4,534 in FY 2023)

Japan Metropolitan Fund Investment Corporation (TSE:8953) announces an Equity Buyback for 15,000 shares, representing 0.21% for ¥1,000 million.

Japan Metropolitan Fund Investment Corporation to Report Fiscal Year 2024 Results on Apr 17, 2024

Upcoming dividend of JP¥2,270 per share

Now 20% overvalued after recent price rise

First half 2024 earnings released: EPS: JP¥2,297 (vs JP¥2,250 in 1H 2023)

First half 2024 earnings released: EPS: JP¥2,297 (vs JP¥2,250 in 1H 2023)

Japan Metropolitan Fund Investment Corporation, Annual General Meeting, Nov 30, 2023

Japan Metropolitan Fund Investment Corporation to Report First Half, 2024 Results on Oct 19, 2023

Upcoming dividend of JP¥2,250 per share at 4.7% yield

An unknown buyer agreed to acquire G-Bldg. Minami Aoyama 02 from Japan Metropolitan Fund Investment Corporation (TSE:8953) for ¥5.4 billion.

Full year 2023 earnings released: EPS: JP¥4,568 (vs JP¥4,843 in FY 2022)

Upcoming dividend of JP¥2,280 per share at 4.4% yield

Japan Metropolitan Fund Investment Corporation (TSE:8953) agreed to acquire JMF-Residence Tenjimbashisuji 6-chome from Ultra Estate, Inc. for ¥1.5 billion.

Full year 2022 earnings released: EPS: JP¥4,499 (vs JP¥3,877 in FY 2021)

Japan Metropolitan Fund Investment Corporation (TSE:8953) agreed to acquire Trust beneficiary rights in JMF-Residence Fujisawa from Ricoh Leasing Company, Ltd. (TSE:8566) for ¥1.27 billion.

No independent directors

An unknown buyer agreed to acquire Round1 Stadium Takatsuki in Japan from Japan Metropolitan Fund Investment Corporation (TSE:8953) for ¥3.3 billion.

Japan Metropolitan Fund Investment Corporation to Report First Half, 2023 Results on Oct 19, 2022

Upcoming dividend of JP¥2,250 per share

Aeon Hokkaido Corporation (TSE:7512) agreed to acquire AEON MALL Sapporo Naebo from Japan Metropolitan Fund Investment Corporation (TSE:8953) for ¥9.3 billion.

Aeon Hokkaido Corporation (TSE:7512) agreed to acquire AEON MALL Sapporo Naebofrom Japan Metropolitan Fund Investment Corporation (TSE:8953) for ¥9.3 billion.

Japan Metropolitan Fund Investment Corporation Announces the Appointment of Directors, Effective from June 1, 2022

No independent directors

Upcoming dividend of JP¥2,250 per share

Japan Metropolitan Fund Investment Corporation to Report Fiscal Year 2022 Results on Apr 18, 2022

Japan Metropolitan Fund Investment Corporation Revises Earnings Guidance for the Fiscal Period Ending February 28, 2022

Now 20% undervalued after recent price drop

Now 20% undervalued after recent price drop

XYMAX REIT Investment Corporation (TSE:3488) agreed to acquire a 50% stake in Valor Kachigawa from Japan Metropolitan Fund Investment Corporation (TSE:8953) for ¥3.2 billion.

Hulic Co., Ltd. (TSE:3003) agreed to acquire G-Bldg. Ginza 01, G-Bldg. Shinjuku 01 and Summit Store Nakano Minamidai from Japan Metropolitan Fund Investment Corporation (TSE:8953) for ¥20.8 billion.

First half 2022 earnings released: EPS JP¥1,939 (vs JP¥2,323 in 1H 2021)

Upcoming dividend of JP¥2,286 per share

An unknown buyer signed a contract to acquire Ito-Yokado Yotsukaido property from Japan Metropolitan Fund Investment Corporation (TSE:8953) (JMF) for ¥10.4 billion.

Japan Metropolitan Fund Investment Corporation (TSE:8953) agreed to acquire 2% stake in Nisshin Private Residential Reit, Inc. from Mizuho Securities Co., Ltd. for approximately ¥340 million.

Japan Metropolitan Fund Investment Corporation Revises Earnings Guidance for the Fiscal Period Ended August 31, 2021

Japan Retail Fund Investment Corporation (TSE:8953) completed the acquisition of MCUBS MidCity Investment Corporation (TSE:3227) from Kanden Realty & Development Co.,Ltd., The Master Trust Bank of Japan, Ltd., Custody Bank of Japan, Ltd, The Nomura Trust and Banking Co., Ltd. and others.

New 90-day high: €1,720

Upcoming Dividend of JP¥4,500 Per Share

Japan Retail Fund Investment Corporation to Report Fiscal Year 2021 Results on Apr 16, 2021

New 90-day high: €1,540

New 90-day high: €1,470

New 90-day high: €1,420

An undisclosed buyer agreed to acquire Trust Beneficiary Right in AEON MALL Yamato from Japan Retail Fund Investment Corporation (TSE:8953) for ¥17.2 billion.

New 90-day high: €1,370

First half earnings released

First half earnings released

New 90-day high: €1,350

New 90-day high: €1,260

Japan Retail Fund Investment Corporation (TSE:8953) agreed to acquire Trust beneficiary right in the real estate of G-Bldg. Tenjin Nishi-dori 02 for ¥5 billion.