How does 2989's PE Ratio compare to its peers?

2989 is good value based on its Price-To-Earnings Ratio (15.9x) compared to the peer average (17.4x).

How does 2989's PE Ratio compare vs other companies in the JP REITs Industry?

2989 is good value based on its Price-To-Earnings Ratio (15.9x) compared to the JP REITs industry average (17.8x).

What is 2989's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate 2989's Price-To-Earnings Fair Ratio for valuation analysis.

What is the Fair Price of 2989 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

2989 (¥104600) is trading below our estimate of [[fair value]] (¥108474.47)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

2989 Stock Overview

Tokaido Reit, Inc. invests in industrial real estate properties. More details

2989 fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	1/6
Financial Health	1/6
Dividends	3/6

Rewards

Trading at 3.6% below our estimate of its fair value

Earnings grew by 12.8% over the past year

Risk Analysis

Debt is not well covered by operating cash flow

High level of non-cash earnings

Shareholders have been diluted in the past year

Dividend of 6.34% is not well covered by free cash flows

My Notes

Capture your thoughts, links and company narrative

Tokaido REIT, Inc. Competitors

XYMAX REIT Investment

TSE:3488

JP¥27.8b

Marimo Regional Revitalization REIT

TSE:3470

JP¥29.6b

ESCON JAPAN REIT Investment

TSE:2971

JP¥39.6b

Tosei Reit Investment

TSE:3451

JP¥46.8b

Price History & Performance

Summary of share price highs, lows and changes for Tokaido REIT
Historical stock prices
Current Share Price	JP¥104,600.00
52 Week High	JP¥133,300.00
52 Week Low	JP¥101,600.00
Beta	0.21
1 Month Change	-2.33%
3 Month Change	-9.44%
1 Year Change	-15.58%
3 Year Change	-4.74%
5 Year Change	n/a
Change since IPO	-0.38%

Recent updates

Shareholder Returns

	2989	JP REITs	JP Market
7D	1.9%	1.8%	-0.02%
1Y	-15.6%	-8.2%	14.6%

Return vs Industry: 2989 underperformed the JP REITs industry which returned -8.2% over the past year.

Return vs Market: 2989 underperformed the JP Market which returned 14.6% over the past year.

Price Volatility

Is 2989's price volatile compared to industry and market?
2989 volatility
2989 Average Weekly Movement	1.5%
REITs Industry Average Movement	1.7%
Market Average Movement	3.6%
10% most volatile stocks in JP Market	7.3%
10% least volatile stocks in JP Market	1.9%

Stable Share Price: 2989 has not had significant price volatility in the past 3 months compared to the JP market.

Volatility Over Time: 2989's weekly volatility (2%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2021	n/a	Takamasa Kato	www.tokaido-reit.co.jp

Tokaido Reit, Inc. invests in industrial real estate properties. The company was founded in 2021 and is headquartered in Tokyo, Japan.

Tokaido REIT, Inc. Fundamentals Summary

How do Tokaido REIT's earnings and revenue compare to its market cap?
2989 fundamental statistics
Market cap	JP¥29.12b
Earnings (TTM)	JP¥1.83b
Revenue (TTM)	JP¥3.80b

15.9x

P/E Ratio

7.7x

P/S Ratio

Is 2989 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
2989 income statement (TTM)
Revenue	JP¥3.80b
Cost of Revenue	JP¥1.46b
Gross Profit	JP¥2.34b
Other Expenses	JP¥508.00m
Earnings	JP¥1.83b

Last Reported Earnings

Jul 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	6.57k
Gross Margin	61.47%
Net Profit Margin	48.11%
Debt/Equity Ratio	93.1%

How did 2989 perform over the long term?

See historical performance and comparison

Dividends

6.3%

Current Dividend Yield

73%

Payout Ratio

Does 2989 pay a reliable dividends?

See 2989 dividend history and benchmarks

When do you need to buy 2989 by to receive an upcoming dividend?
Tokaido REIT dividend dates
Ex Dividend Date	Jan 30 2025
Dividend Pay Date	Apr 24 2025
Days until Ex dividend	35 days
Days until Dividend pay date	119 days

Does 2989 pay a reliable dividends?

See 2989 dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/25 19:27
End of Day Share Price	2024/12/25 00:00
Earnings	2024/07/31
Annual Earnings	2024/07/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Tokaido REIT, Inc. is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
null null	Daiwa Securities Co. Ltd.