company background image
8958

Global One Real Estate Investment TSE:8958 Stock Report

Last Price

JP¥104.40k

Market Cap

JP¥99.1b

7D

1.4%

1Y

-18.2%

Updated

01 Jul, 2022

Data

Company Financials
8958 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance2/6
Financial Health3/6
Dividends5/6

8958 Stock Overview

Global One Real Estate Investment Corporation (“GOR”) is a Japanese Real Estate Investment Trust (J-REIT) listed on the Tokyo Stock Exchange (TSE: 8958) with the ultimate goal of pursuing maximum returns for unitholders.

Global One Real Estate Investment Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Global One Real Estate Investment
Historical stock prices
Current Share PriceJP¥104,400.00
52 Week HighJP¥129,600.00
52 Week LowJP¥102,500.00
Beta0
1 Month Change-4.22%
3 Month Change-7.36%
1 Year Change-18.18%
3 Year Change-23.63%
5 Year Change11.06%
Change since IPO66.71%

Recent News & Updates

Shareholder Returns

8958JP REITsJP Market
7D1.4%2.8%0.3%
1Y-18.2%-8.9%-5.7%

Return vs Industry: 8958 underperformed the JP REITs industry which returned -8.9% over the past year.

Return vs Market: 8958 underperformed the JP Market which returned -5.7% over the past year.

Price Volatility

Is 8958's price volatile compared to industry and market?
8958 volatility
8958 Average Weekly Movement1.9%
REITs Industry Average Movement2.5%
Market Average Movement4.2%
10% most volatile stocks in JP Market8.4%
10% least volatile stocks in JP Market2.2%

Stable Share Price: 8958 is less volatile than 75% of JP stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: 8958's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2003n/an/ahttps://www.go-reit.co.jp

Global One Real Estate Investment Corporation (“GOR”) is a Japanese Real Estate Investment Trust (J-REIT) listed on the Tokyo Stock Exchange (TSE: 8958) with the ultimate goal of pursuing maximum returns for unitholders. GOR cautiously selects prime properties at prime locations with an eye on “strong and sustainable competitiveness in the marketplace.” The three key watchwords in selecting properties are: (1) CLOSER - easily accessible from nearby train stations; (2) NEWER - newly or recently built; and (3) LARGER - large office buildings with extensive office space.

Global One Real Estate Investment Fundamentals Summary

How do Global One Real Estate Investment's earnings and revenue compare to its market cap?
8958 fundamental statistics
Market CapJP¥99.08b
Earnings (TTM)JP¥4.61b
Revenue (TTM)JP¥11.34b

21.5x

P/E Ratio

8.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
8958 income statement (TTM)
RevenueJP¥11.34b
Cost of RevenueJP¥5.73b
Gross ProfitJP¥5.62b
Other ExpensesJP¥1.01b
EarningsJP¥4.61b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)4.85k
Gross Margin49.52%
Net Profit Margin40.60%
Debt/Equity Ratio97.6%

How did 8958 perform over the long term?

See historical performance and comparison

Dividends

4.7%

Current Dividend Yield

73%

Payout Ratio

Does 8958 pay a reliable dividends?

See 8958 dividend history and benchmarks
When do you need to buy 8958 by to receive an upcoming dividend?
Global One Real Estate Investment dividend dates
Ex Dividend DateSep 29 2022
Dividend Pay DateDec 15 2022
Days until Ex dividend89 days
Days until Dividend pay date166 days

Does 8958 pay a reliable dividends?

See 8958 dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is 8958 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

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

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 8958?

Other financial metrics that can be useful for relative valuation.

8958 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue16.4x
Enterprise Value/EBITDA26x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 8958's PE Ratio compare to its peers?

8958 PE Ratio vs Peers
The above table shows the PE ratio for 8958 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average18.6x
3476 MIRAI
19.8xn/aJP¥87.0b
8975 Ichigo Office REIT Investment
18.2xn/aJP¥125.6b
3290 One REIT
15.4xn/aJP¥70.6b
8987 Japan Excellent
21xn/aJP¥161.7b
8958 Global One Real Estate Investment
21.5xn/aJP¥99.1b

Price-To-Earnings vs Peers: 8958 is expensive based on its Price-To-Earnings Ratio (21.5x) compared to the peer average (18.6x).


Price to Earnings Ratio vs Industry

How does 8958's PE Ratio compare vs other companies in the JP REITs Industry?

Price-To-Earnings vs Industry: 8958 is good value based on its Price-To-Earnings Ratio (21.5x) compared to the JP REITs industry average (26.1x)


Price to Earnings Ratio vs Fair Ratio

What is 8958'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.

8958 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio21.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 8958's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 8958 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 8958 (¥104400) is trading below our estimate of fair value (¥155009.68)

Significantly Below Fair Value: 8958 is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 8958's PEG Ratio to determine if it is good value.


Discover undervalued companies

Future Growth

How is Global One Real Estate Investment forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


3.8%

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 Global One Real Estate Investment 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.


Discover growth companies

  • Examine whether Global One Real Estate Investment 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.

Past Performance

How has Global One Real Estate Investment performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


9.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 8958 has high quality earnings.

Growing Profit Margin: 8958's current net profit margins (40.6%) are lower than last year (41.2%).


Past Earnings Growth Analysis

Earnings Trend: 8958's earnings have grown by 9.4% per year over the past 5 years.

Accelerating Growth: 8958's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 8958 had negative earnings growth (-2%) over the past year, making it difficult to compare to the REITs industry average (5.1%).


Return on Equity

High ROE: 8958's Return on Equity (4.8%) is considered low.


Discover strong past performing companies

Financial Health

How is Global One Real Estate Investment's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 8958's short term assets (¥18.6B) exceed its short term liabilities (¥18.5B).

Long Term Liabilities: 8958's short term assets (¥18.6B) do not cover its long term liabilities (¥85.5B).


Debt to Equity History and Analysis

Debt Level: 8958's net debt to equity ratio (90%) is considered high.

Reducing Debt: 8958's debt to equity ratio has reduced from 111.1% to 97.6% over the past 5 years.

Debt Coverage: 8958's debt is not well covered by operating cash flow (6.8%).

Interest Coverage: 8958's interest payments on its debt are well covered by EBIT (7.8x coverage).


Balance Sheet


Discover healthy companies

Dividend

What is Global One Real Estate Investment current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


4.65%

Current Dividend Yield

Upcoming Dividend Payment

TodayJul 01 2022Ex Dividend DateSep 29 2022Dividend Pay DateDec 15 202277 days from Ex DividendBuy in the next 89 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: 8958's dividend (4.65%) is higher than the bottom 25% of dividend payers in the JP market (1.68%).

High Dividend: 8958's dividend (4.65%) is in the top 25% of dividend payers in the JP market (3.7%)


Stability and Growth of Payments

Stable Dividend: 8958's dividends per share have been stable in the past 10 years.

Growing Dividend: 8958's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (72.7%), 8958's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Insufficient data to calculate cash payout ratio to determine if its dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

6.3yrs

Average board tenure


CEO

Global One Real Estate Investment has no CEO, or we have no data on them.


Board Members

Experienced Board: 8958's board of directors are considered experienced (6.3 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Global One Real Estate Investment Corp.'s employee growth, exchange listings and data sources


Key Information

  • Name: Global One Real Estate Investment Corp.
  • Ticker: 8958
  • Exchange: TSE
  • Founded: 2003
  • Industry: Office REITs
  • Sector: Real Estate
  • Implied Market Cap: JP¥99.075b
  • Shares outstanding: 949.00k
  • Website: https://www.go-reit.co.jp

Location

  • Global One Real Estate Investment Corp.
  • 4-1, Kojimachi
  • Chiyoda-ku
  • Tokyo
  • 102-0083
  • Japan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/01 00:00
End of Day Share Price2022/07/01 00:00
Earnings2022/03/31
Annual Earnings2021/09/30


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.