8957 Stock Overview
TOKYU REIT, Inc. was incorporated to invest in real estate on June 20, 2003 under the Law Concerning Investment Trusts and Investment Corporations of Japan (Law No.
Tokyu REIT Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||JP¥184,500.00|
|52 Week High||JP¥209,700.00|
|52 Week Low||JP¥171,800.00|
|1 Month Change||-1.23%|
|3 Month Change||0%|
|1 Year Change||-5.24%|
|3 Year Change||-0.32%|
|5 Year Change||34.08%|
|Change since IPO||76.72%|
Recent News & Updates
|8957||JP REITs||JP Market|
Return vs Industry: 8957 exceeded the JP REITs industry which returned -8.8% over the past year.
Return vs Market: 8957 exceeded the JP Market which returned -7.2% over the past year.
|8957 Average Weekly Movement||2.4%|
|REITs Industry Average Movement||2.5%|
|Market Average Movement||4.1%|
|10% most volatile stocks in JP Market||8.4%|
|10% least volatile stocks in JP Market||2.3%|
Stable Share Price: 8957 is less volatile than 75% of JP stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: 8957's weekly volatility (2%) has been stable over the past year.
About the Company
TOKYU REIT, Inc. was incorporated to invest in real estate on June 20, 2003 under the Law Concerning Investment Trusts and Investment Corporations of Japan (Law No. 198 of 1952, as amended), or the Investment Trust Law. Such corporations are commonly referred to as Japanese Real Estate Investment Trusts, or J-REITs.
Tokyu REIT Fundamentals Summary
|8957 fundamental statistics|
Is 8957 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|8957 income statement (TTM)|
|Cost of Revenue||JP¥7.83b|
Last Reported Earnings
Jan 31, 2022
Next Earnings Date
|Earnings per share (EPS)||10.85k|
|Net Profit Margin||70.73%|
How did 8957 perform over the long term?See historical performance and comparison
4.3%Current Dividend Yield
Does 8957 pay a reliable dividends?See 8957 dividend history and benchmarks
|Tokyu REIT dividend dates|
|Ex Dividend Date||Jul 28 2022|
|Dividend Pay Date||Oct 17 2022|
|Days until Ex dividend||38 days|
|Days until Dividend pay date||119 days|
Does 8957 pay a reliable dividends?See 8957 dividend history and benchmarks
Is 8957 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 8957?
Other financial metrics that can be useful for relative valuation.
|What is 8957's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does 8957's PE Ratio compare to its peers?
|8957 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
Price-To-Earnings vs Peers: 8957 is good value based on its Price-To-Earnings Ratio (17x) compared to the peer average (21.3x).
Price to Earnings Ratio vs Industry
How does 8957's PE Ratio compare vs other companies in the Japanese REITs Industry?
Price-To-Earnings vs Industry: 8957 is good value based on its Price-To-Earnings Ratio (17x) compared to the JP REITs industry average (25.4x)
Price to Earnings Ratio vs Fair Ratio
What is 8957'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.
|Current PE Ratio||17x|
|Fair PE Ratio||n/a|
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 8957's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of 8957 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 8957 (¥184500) is trading below our estimate of fair value (¥214048.2)
Significantly Below Fair Value: 8957 is trading below fair value, but not by a significant amount.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 8957's PEG Ratio to determine if it is good value.
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How is Tokyu REIT forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted Real Estate industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Tokyu REIT has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
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- Examine whether Tokyu REIT is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
How has Tokyu REIT performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 8957 has a large one-off gain of ¥4.7B impacting its January 31 2022 financial results.
Growing Profit Margin: 8957's current net profit margins (70.7%) are higher than last year (47.4%).
Past Earnings Growth Analysis
Earnings Trend: 8957's earnings have grown by 13.5% per year over the past 5 years.
Accelerating Growth: 8957's earnings growth over the past year (29.9%) exceeds its 5-year average (13.5% per year).
Earnings vs Industry: 8957 earnings growth over the past year (29.9%) exceeded the REITs industry 5.1%.
Return on Equity
High ROE: 8957's Return on Equity (8.9%) is considered low.
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How is Tokyu REIT's financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 8957's short term assets (¥7.8B) do not cover its short term liabilities (¥18.8B).
Long Term Liabilities: 8957's short term assets (¥7.8B) do not cover its long term liabilities (¥89.0B).
Debt to Equity History and Analysis
Debt Level: 8957's net debt to equity ratio (74.7%) is considered high.
Reducing Debt: 8957's debt to equity ratio has reduced from 82.1% to 79.3% over the past 5 years.
Debt Coverage: 8957's debt is well covered by operating cash flow (47.9%).
Interest Coverage: 8957's interest payments on its debt are well covered by EBIT (8.3x coverage).
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What is Tokyu REIT current dividend yield, its reliability and sustainability?
Dividend Score 5/6
Future Dividend Coverage
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 8957's dividend (4.26%) is higher than the bottom 25% of dividend payers in the JP market (1.71%).
High Dividend: 8957's dividend (4.26%) is in the top 25% of dividend payers in the JP market (3.76%)
Stability and Growth of Payments
Stable Dividend: 8957's dividends per share have been stable in the past 10 years.
Growing Dividend: 8957's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (91.3%), 8957's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (29.9%), 8957's dividend payments are well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Kazuyoshi Kashiwazaki (59 yo)
Mr. Kazuyoshi Kashiwazaki is Representative Director, CEO and President of Tokyu REIT, Inc. since May 1,2015. • April 1985 - Entered Tokyu Corporation (The “Corporation”), Railway Operation Division, Rail...
Experienced Management: 8957's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.
Experienced Board: 8957's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Tokyu REIT, Inc.'s employee growth, exchange listings and data sources
- Name: Tokyu REIT, Inc.
- Ticker: 8957
- Exchange: TSE
- Founded: 2003
- Industry: Diversified REITs
- Sector: Real Estate
- Implied Market Cap: JP¥180.367b
- Shares outstanding: 977.60k
- Website: https://www.tokyu-reit.co.jp
- Tokyu REIT, Inc.
- 1-12-1 Dogenzaka
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/19 00:00|
|End of Day Share Price||2022/06/17 00:00|
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.