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Japan Real Estate Investment

DB:JUA
Snowflake Description

Acceptable track record second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
JUA
DB
¥920B
Market Cap
  1. Home
  2. DE
  3. Real Estate
Company description

JRE shall invest in specified assets, primarily consisting of real estate assets and asset related securities which mainly invests in real estate assets with the goals of stable growth in value over a medium-to-long term period. The last earnings update was 38 days ago. More info.


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JUA Share Price and Events
7 Day Returns
1.4%
DB:JUA
-1.3%
DE REITs
1.6%
DE Market
1 Year Returns
21.2%
DB:JUA
11.7%
DE REITs
-7.4%
DE Market
JUA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Japan Real Estate Investment (JUA) 1.4% 4.3% 4.4% 21.2% 1.2% 29.6%
DE REITs -1.3% 2.6% 4.9% 11.7% 7.9% 11.3%
DE Market 1.6% 1.9% 2.6% -7.4% 14.7% 9.4%
1 Year Return vs Industry and Market
  • JUA outperformed the REITs industry which returned 11.7% over the past year.
  • JUA outperformed the Market in Germany which returned -7.4% over the past year.
Price Volatility
JUA
Industry
5yr Volatility vs Market
Related Companies

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

JUA Value

 Is Japan Real Estate 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 Real Estate 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 Real Estate Investment.

DB:JUA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Funds From Operations
Levered Funds From Operations Average of 3 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:JUA
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%) (42.4%))
0.758
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:JUA using 2 Stage Free Cash Flow to Equity using Funds From Operations Model

The calculations below outline how an intrinsic value for Japan Real Estate 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.

Japan Real Estate Investment is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.

DB:JUA DCF 1st Stage: Next 10 year cash flow forecast
Funds From Operations (FFO) (JPY, Millions) Source Present Value
Discounted (@ 5%)
2019 39,980.05 Est @ 1.78% 38,077.69
2020 40,504.72 Est @ 1.31% 36,741.77
2021 40,904.51 Est @ 0.99% 35,338.89
2022 41,215.11 Est @ 0.76% 33,912.94
2023 41,462.36 Est @ 0.6% 32,493.04
2024 41,664.84 Est @ 0.49% 31,098.06
2025 41,835.77 Est @ 0.41% 29,739.83
2026 41,984.53 Est @ 0.36% 28,425.44
2027 42,117.74 Est @ 0.32% 27,158.78
2028 42,240.10 Est @ 0.29% 25,941.64
Present value of next 10 years cash flows ¥318,928.08
DB:JUA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥42,240.10 × (1 + 0.23%) ÷ (5% – 0.23%)
¥887,927.97
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥887,927.97 ÷ (1 + 5%)10
¥545,318.45
DB:JUA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥318,928.08 + ¥545,318.45
¥864,246.53
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥864,246.53 / 1.39
¥623910.12
DB:JUA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:JUA represents 0.00816x of TSE:8952
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00816x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 623,910.12 x 0.00816
€5,088.06
Value per share (EUR) From above. €5,088.06
Current discount Discount to share price of €5,415.00
= -1 x (€5,415.00 - €5,088.06) / €5,088.06
-6.4%

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

  • The current share price of Japan Real Estate 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 Real Estate Investment's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Japan Real Estate Investment's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:JUA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in JPY ¥19,327.78
TSE:8952 Share Price ** TSE (2019-06-21) in JPY ¥664000
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 19.87x

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

** Primary Listing of Japan Real Estate Investment.

DB:JUA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:8952 Share Price ÷ EPS (both in JPY)

= 664000 ÷ 19,327.78

34.35x

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

  • Japan Real Estate Investment is overvalued based on earnings compared to the DE REITs industry average.
  • Japan Real Estate Investment is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Japan Real Estate Investment's expected growth come at a high price?
Raw Data
DB:JUA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 34.35x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
3.5%per year
Europe REITs Industry PEG Ratio Median Figure of 61 Publicly-Listed REITs Companies 0.61x
Germany Market PEG Ratio Median Figure of 271 Publicly-Listed Companies 1.46x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 34.35x ÷ 3.5%

9.84x

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

  • Japan Real Estate Investment is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Japan Real Estate Investment's assets?
Raw Data
DB:JUA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in JPY ¥369,082.60
TSE:8952 Share Price * TSE (2019-06-21) in JPY ¥664000
Germany REITs Industry PB Ratio Median Figure of 5 Publicly-Listed REITs Companies 1.33x
Germany Market PB Ratio Median Figure of 575 Publicly-Listed Companies 1.8x
DB:JUA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:8952 Share Price ÷ Book Value per Share (both in JPY)

= 664000 ÷ 369,082.60

1.8x

* Primary Listing of Japan Real Estate Investment.

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

  • Japan Real Estate Investment is overvalued based on assets compared to the DE REITs industry average.
X
Value checks
We assess Japan Real Estate 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 Real Estate 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.

JUA Future Performance

 How is Japan Real Estate Investment expected to perform in the next 1 to 3 years based on estimates from 3 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
3.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Japan Real Estate Investment expected to grow at an attractive rate?
  • Japan Real Estate Investment's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Japan Real Estate Investment's earnings growth is positive but not above the Germany market average.
  • Japan Real Estate Investment's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:JUA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:JUA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 3.5%
DB:JUA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 2.1%
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 12.5%
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:JUA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:JUA Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31 70,032 29,568 2
2021-03-31 68,907 40,428 28,868 3
2020-03-31 67,772 40,132 27,743 2
DB:JUA Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-03-31 65,881 39,809 26,705
2018-12-31 65,406 44,036 26,135
2018-09-30 64,979 48,263 25,564
2018-06-30 64,249 48,072 24,883
2018-03-31 63,567 47,880 24,201
2017-12-31 63,015 42,415 23,649
2017-09-30 62,462 36,950 23,097
2017-06-30 62,016 35,710 22,615
2017-03-31 61,581 34,470 22,133
2016-12-31 61,443 36,716 21,917
2016-09-30 61,315 38,962 21,701
2016-06-30 60,883 38,810 21,465

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Japan Real Estate Investment's earnings are expected to grow by 3.5% yearly, however this is not considered high growth (20% yearly).
  • Japan Real Estate Investment's revenue is expected to grow by 2.1% yearly, however this is not considered high growth (20% yearly).
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:JUA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Japan Real Estate Investment Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:JUA Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31 20,913.76 22,328.87 18,811.71 3.00
2021-03-31 20,621.33 21,207.79 19,085.32 4.00
2020-03-31 20,028.35 20,128.42 19,939.21 3.00
DB:JUA Past Financials Data
Date (Data in JPY Millions) EPS *
2019-03-31 19,327.78
2018-12-31 19,178.62
2018-09-30 19,024.90
2018-06-30 18,757.97
2018-03-31 18,483.67
2017-12-31 18,061.95
2017-09-30 17,640.23
2017-06-30 17,272.74
2017-03-31 16,904.69
2016-12-31 16,739.73
2016-09-30 16,574.21
2016-06-30 16,401.41

*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 Real Estate 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 Real Estate 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 Real Estate 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.

JUA Past Performance

  How has Japan Real Estate 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 Real Estate 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 Real Estate Investment's year on year earnings growth rate has been positive over the past 5 years.
  • Japan Real Estate Investment's 1-year earnings growth exceeds its 5-year average (10.3% vs 7.6%)
  • Japan Real Estate Investment's earnings growth has not exceeded the DE REITs industry average in the past year (10.3% vs 69.6%).
Earnings and Revenue History
Japan Real Estate 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 Real Estate Investment Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:JUA Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 65,881.01 26,704.53 453.34
2018-12-31 65,405.81 26,134.53 457.54
2018-09-30 64,979.02 25,564.06 438.92
2018-06-30 64,249.05 24,882.69 450.61
2018-03-31 63,567.48 24,200.86 439.47
2017-12-31 63,014.56 23,648.69 422.03
2017-09-30 62,461.64 23,096.53 404.59
2017-06-30 62,015.95 22,615.37 418.17
2017-03-31 61,581.09 22,133.49 419.71
2016-12-31 61,442.61 21,917.50 440.48
2016-09-30 61,314.96 21,700.78 449.22
2016-06-30 60,883.13 21,465.10 450.94
2016-03-31 60,488.44 21,229.11 443.16
2015-12-31 59,218.02 20,662.70 468.79
2015-09-30 57,984.73 20,095.99 484.92
2015-06-30 56,868.39 19,644.11 449.26
2015-03-31 56,628.00 19,238.00 412.00
2014-12-31 54,911.78 18,917.37 412.66
2014-09-30 54,164.73 18,642.15 455.87
2014-06-30 53,315.62 18,421.21 460.39
2014-03-31 52,559.75 18,199.91 509.06
2013-12-31 51,980.45 18,077.19 518.70
2013-09-30 51,401.14 17,954.47 528.35
2013-06-30 50,312.37 17,614.19 476.06
2013-03-31 49,334.48 17,273.20 356.60
2012-12-31 48,630.04 17,328.56 465.68
2012-09-30 48,036.48 17,383.20 507.60

*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 Real Estate Investment has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Japan Real Estate Investment used its assets less efficiently than the DE REITs industry average last year based on Return on Assets.
  • Japan Real Estate Investment has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Japan Real Estate 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 Real Estate Investment has a total score of 3/6, 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.

JUA Health

 How is Japan Real Estate 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 Real Estate Investment's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Japan Real Estate Investment's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Japan Real Estate Investment's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Japan Real Estate 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 0.1x 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 Real Estate Investment Company Filings, last reported 2 months ago.

DB:JUA Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 511,256.91 389,993.18 18,333.63
2018-12-31 511,256.91 389,993.18 18,333.63
2018-09-30 510,978.00 384,493.00 17,835.00
2018-06-30 510,978.42 384,493.18 17,835.90
2018-03-31 470,703.54 403,993.18 17,804.05
2017-12-31 470,703.54 403,993.18 17,804.05
2017-09-30 470,321.97 375,500.00 18,332.82
2017-06-30 470,321.97 375,500.00 18,332.82
2017-03-31 469,598.00 369,000.00 15,709.00
2016-12-31 469,598.92 369,000.00 15,709.59
2016-09-30 469,359.33 356,350.00 16,231.99
2016-06-30 469,359.33 356,350.00 16,231.99
2016-03-31 469,044.00 363,400.00 19,362.00
2015-12-31 469,044.75 363,400.00 19,362.43
2015-09-30 468,767.24 373,450.00 15,564.93
2015-06-30 468,767.24 373,450.00 15,564.93
2015-03-31 436,671.00 361,000.00 15,561.00
2014-12-31 436,671.15 361,000.00 15,561.88
2014-09-30 436,622.00 323,550.00 20,650.00
2014-06-30 436,622.97 323,550.00 16,650.37
2014-03-31 405,355.95 358,900.00 21,043.68
2013-12-31 405,355.95 358,900.00 21,043.68
2013-09-30 405,415.35 320,150.00 14,598.19
2013-06-30 405,415.35 320,150.00 14,598.19
2013-03-31 405,280.00 311,200.00 19,544.00
2012-12-31 405,280.88 311,200.00 14,276.58
2012-09-30 372,429.56 305,750.00 15,014.75
  • Japan Real Estate Investment's level of debt (76.3%) 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 (88.4% vs 76.3% today).
  • Debt is not well covered by operating cash flow (10.2%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 13.2x coverage).
X
Financial health checks
We assess Japan Real Estate 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 Real Estate Investment has a total score of 2/6, 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.

JUA Dividends

 What is Japan Real Estate 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
2.99%
Current annual income from Japan Real Estate Investment dividends. Estimated to be 3.07% next year.
If you bought €2,000 of Japan Real Estate Investment shares you are expected to receive €60 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 Real Estate Investment's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.45%).
  • Japan Real Estate Investment's dividend is below the markets top 25% of dividend payers in Germany (3.83%).
Upcoming dividend payment

Purchase Japan Real Estate 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:JUA 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 3 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 327 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 3.8%

Industry and Market average data is calculated daily.

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

DB:JUA Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-03-31 19,411.00 1.00
2023-03-31 19,219.00 1.00
2022-03-31 20,985.77 3.00
2021-03-31 20,677.80 4.00
2020-03-31 20,029.58 3.00
DB:JUA Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-05-16 19,830.000 3.042
2018-11-15 19,170.000 3.045
2018-07-05 18,480.000 3.151
2018-05-15 18,480.000 3.225
2018-02-07 18,100.000 3.279
2017-11-15 18,100.000 3.313
2017-08-02 17,670.000 3.227
2017-05-16 17,670.000 3.100
2017-02-02 17,120.000 2.824
2016-11-16 17,120.000 2.733
2016-08-01 16,610.000 2.761
2016-05-16 16,610.000 2.627
2016-02-05 16,002.000 2.406
2015-11-16 16,002.000 2.732
2015-06-30 15,790.000 2.926
2015-05-18 15,790.000 2.774
2014-11-17 15,430.000 2.652
2014-08-20 15,250.000 2.720
2014-05-19 15,250.000 2.650
2013-11-18 15,160.000 2.828
2013-05-16 15,160.000 2.788
2012-11-16 15,195.000 3.066
2012-05-17 15,420.000 4.150
2011-12-26 15,746.000 4.572
2011-06-23 15,691.000 4.394
2011-05-17 15,755.000 4.028
2010-12-24 15,560.000 3.805
2010-10-15 15,560.000 3.818
2010-05-17 17,201.500 4.537
2010-05-14 16,780.000 4.043
2009-12-25 19,109.000 5.027
2009-11-18 16,780.000 5.134

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Japan Real Estate Investment's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x 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 Real Estate 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 Real Estate Investment afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Japan Real Estate Investment has a total score of 3/6, see the detailed checks below.


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

JUA Management

 What is the CEO of Japan Real Estate 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.
  • Japan Real Estate Investment has no CEO, or we have no data on them.
Management Team Tenure

Average tenure of the Japan Real Estate Investment management team in years:

0.2
Average Tenure
  • The average tenure for the Japan Real Estate Investment management team is less than 2 years, this suggests a new team.
Management Team

Yasuyuki Sakurai

TITLE
Director & General Manager of Compliance Department
TENURE
1.2 yrs

Masaru Motooka

TITLE
Executive Officer & GM of Planning Department
TENURE
0.2 yrs

Kiyokage Tojima

TITLE
Senior Executive Officer & GM of Leasing Management Department
TENURE
0.2 yrs

Yutaka Yanagisawa

TITLE
Executive Director
AGE
68
TENURE
0.1 yrs

Naoki Umeda

TITLE
President & CEO at Japan Real Estate Asset Management Co.

Hirofumi Inoue

TITLE
Dy. General Manager of Corporate Admn.
TENURE
1.2 yrs
Board of Directors Tenure

Average tenure of the Japan Real Estate Investment board of directors in years:

2.1
Average Tenure
  • The average tenure for the Japan Real Estate Investment board of directors is less than 3 years, this suggests a new board.
Board of Directors

Yutaka Yanagisawa

TITLE
Executive Director
AGE
68
TENURE
0.1 yrs

Tomohiro Okanoya

TITLE
Supervisory Director
TENURE
14.1 yrs

Hiroaki Takano

TITLE
Supervisory Director
TENURE
2.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Japan Real Estate 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 Real Estate 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.

JUA News

Simply Wall St News

JUA Company Info

Description

JRE shall invest in specified assets, primarily consisting of real estate assets and asset related securities which mainly invests in real estate assets with the goals of stable growth in value over a medium-to-long term period.

Details
Name: Japan Real Estate Investment Corporation
JUA
Exchange: DB
Founded: 2001
¥7,549,012,187
1,385,210
Website: http://www.j-re.co.jp
Address: Japan Real Estate Investment Corporation
Park Building,
1-1-1, Otemachi,
Tokyo,
100-0004,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 8952 Common Shares The Tokyo Stock Exchange JP JPY 10. Sep 2001
DB JUA Common Shares Deutsche Boerse AG DE EUR 10. Sep 2001
Number of employees
Current staff
Staff numbers
0
Japan Real Estate Investment employees.
Industry
Office REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/23 20:55
End of day share price update: 2019/06/21 00:00
Last estimates confirmation: 2019/05/24
Last earnings filing: 2019/05/16
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/09/30


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.