company background image
3278 logo

Kenedix Residential Next Investment TSE:3278 Stock Report

Last Price

JP¥210.50k

Market Cap

JP¥225.3b

7D

-5.5%

1Y

-1.5%

Updated

02 Nov, 2023

Data

Company Financials

Kenedix Residential Next Investment Corporation

TSE:3278 Stock Report

Market Cap: JP¥225.3b

3278 Stock Overview

KDR has invested mainly in real estate-related assets which are designated for residential purposes as their principal use (rental housing, etc.) as we strive to realize "the securing of stable rental revenues and steady growth of our portfolio." Since listing in April 2012, the portfolio has grown to more than 160 billion yen in about 6 years. More details

3278 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance4/6
Financial Health1/6
Dividends6/6

Rewards

Trading at 16% below our estimate of its fair value

Earnings have grown 2.2% per year over the past 5 years

Pays a high and reliable dividend of 4.03%

Risk Analysis

Debt is not well covered by operating cash flow

Shareholders have been diluted in the past year


My Notes

Capture your thoughts, links and company narrative

Kenedix Residential Next Investment Corporation Competitors

Daiwa Securities Living Investment

TSE:8986

JP¥208.0b

Comforia Residential REIT

TSE:3282

JP¥210.6b

Nippon Accommodations Fund

TSE:3226

JP¥288.0b

Advance Residence Investment

TSE:3269

JP¥410.7b

Price History & Performance

Summary of share price highs, lows and changes for Kenedix Residential Next Investment
Historical stock prices
Current Share PriceJP¥210,500.00
52 Week HighJP¥238,200.00
52 Week LowJP¥191,400.00
Beta0.42
1 Month Change-7.68%
3 Month Change-4.92%
1 Year Change-1.45%
3 Year Change18.52%
5 Year Change20.77%
Change since IPO132.60%

Recent News & Updates

Recent updates

Shareholder Returns

3278JP Residential REITsJP Market
7D-5.5%-0.5%-1.5%
1Y-1.5%-11.5%13.7%

Return vs Industry: 3278 exceeded the JP Residential REITs industry which returned -2.7% over the past year.

Return vs Market: 3278 underperformed the JP Market which returned 18.3% over the past year.

Price Volatility

Is 3278's price volatile compared to industry and market?
3278 volatility
3278 Average Weekly Movement2.7%
Residential REITs Industry Average Movement1.9%
Market Average Movement3.6%
10% most volatile stocks in JP Market7.3%
10% least volatile stocks in JP Market1.9%

Stable Share Price: 3278 has not had significant price volatility in the past 3 months.

Volatility Over Time: 3278's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2011n/aRyosuke Hommawww.kdr-reit.com/

KDR has invested mainly in real estate-related assets which are designated for residential purposes as their principal use (rental housing, etc.) as we strive to realize "the securing of stable rental revenues and steady growth of our portfolio." Since listing in April 2012, the portfolio has grown to more than 160 billion yen in about 6 years.

Kenedix Residential Next Investment Corporation Fundamentals Summary

How do Kenedix Residential Next Investment's earnings and revenue compare to its market cap?
3278 fundamental statistics
Market capJP¥225.33b
Earnings (TTM)JP¥9.09b
Revenue (TTM)JP¥20.02b

24.8x

P/E Ratio

11.3x

P/S Ratio

Is 3278 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
3278 income statement (TTM)
RevenueJP¥20.02b
Cost of RevenueJP¥8.79b
Gross ProfitJP¥11.23b
Other ExpensesJP¥2.13b
EarningsJP¥9.09b

Last Reported Earnings

Jul 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)8.50k
Gross Margin56.08%
Net Profit Margin45.43%
Debt/Equity Ratio110.0%

How did 3278 perform over the long term?

See historical performance and comparison

Dividends

4.0%

Current Dividend Yield

72%

Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2023/11/02 06:26
End of Day Share Price 2023/10/27 00:00
Earnings2023/07/31
Annual Earnings2023/01/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Kenedix Residential Next Investment Corporation is covered by 7 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Atsuro TakemuraBarclays
Tomoyoshi OmuroBofA Global Research
Masashi MikiCitigroup Inc