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Advance Residence Investment

OTCPK:ADZZ.F
Snowflake Description

Mediocre balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ADZZ.F
OTCPK
¥426B
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Advanced Residence Investment Corporation (Securities code: 3269) was created through consolidation type merger between the former Advance Residence Investment Corporation and Nippon Residential Investment Corporation. The last earnings update was 9 days ago. More info.


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ADZZ.F Share Price and Events
7 Day Returns
0%
OTCPK:ADZZ.F
-0.3%
US REITs
-2.1%
US Market
1 Year Returns
-
OTCPK:ADZZ.F
13.8%
US REITs
1.3%
US Market
ADZZ.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Advance Residence Investment (ADZZ.F) 0% 0% - - - -
US REITs -0.3% 2.4% 3.2% 13.8% 11.3% 25.6%
US Market -2.1% -4.2% 0% 1.3% 33.5% 38%
1 Year Return vs Industry and Market
  • No trading data on ADZZ.F.
  • No trading data on ADZZ.F.
Price Volatility
ADZZ.F
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Advance Residence Investment's competitors could be found in our database.

Value

 Is Advance Residence 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 Advance Residence 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 Advance Residence Investment.

OTCPK:ADZZ.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 OTCPK:ADZZ.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.53
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.529 (1 + (1- 30.86%) (53.05%))
0.815
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.81
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.815 * 5.96%)
7.59%

Discounted Cash Flow Calculation for OTCPK:ADZZ.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Advance Residence 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.

OTCPK:ADZZ.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 7.59%)
2019 14,938.29 Est @ 9.09% 13,885.06
2020 16,011.37 Est @ 7.18% 13,833.17
2021 16,947.62 Est @ 5.85% 13,609.70
2022 17,780.12 Est @ 4.91% 13,271.54
2023 18,537.11 Est @ 4.26% 12,861.01
2024 19,241.39 Est @ 3.8% 12,408.41
2025 19,910.70 Est @ 3.48% 11,934.73
2026 20,558.58 Est @ 3.25% 11,454.23
2027 21,195.23 Est @ 3.1% 10,976.34
2028 21,828.27 Est @ 2.99% 10,507.16
Present value of next 10 years cash flows ¥124,741.36
OTCPK:ADZZ.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥21,828.27 × (1 + 2.73%) ÷ (7.59% – 2.73%)
¥461,839.09
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥461,839.09 ÷ (1 + 7.59%)10
¥222,308.91
OTCPK:ADZZ.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥124,741.36 + ¥222,308.91
¥347,050.28
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥347,050.28 / 1.35
¥2212.22
OTCPK:ADZZ.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:ADZZ.F represents 0.00861x of TSE:3269
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00861x
Value per Share
(Listing Adjusted, USD)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 2,212.22 x 0.00861
$19.04
Value per share (USD) From above. $19.04
Current discount Discount to share price of $2,715.00
= -1 x ($2,715.00 - $19.04) / $19.04
-14161.7%

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

  • The current share price of Advance Residence 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 Advance Residence Investment's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Advance Residence Investment's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:ADZZ.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-01-31) in JPY ¥10,423.27
TSE:3269 Share Price ** TSE (2019-04-15) in JPY ¥315500
United States of America REITs Industry PE Ratio Median Figure of 155 Publicly-Listed REITs Companies 32.62x
United States of America Market PE Ratio Median Figure of 3,082 Publicly-Listed Companies 17.36x

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

** Primary Listing of Advance Residence Investment.

OTCPK:ADZZ.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:3269 Share Price ÷ EPS (both in JPY)

= 315500 ÷ 10,423.27

30.27x

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

  • Advance Residence Investment is good value based on earnings compared to the US REITs industry average.
  • Advance Residence Investment is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Advance Residence Investment's expected growth come at a high price?
Raw Data
OTCPK:ADZZ.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 30.27x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
1.8%per year
United States of America REITs Industry PEG Ratio Median Figure of 141 Publicly-Listed REITs Companies 2.39x
United States of America Market PEG Ratio Median Figure of 2,120 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

OTCPK:ADZZ.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 30.27x ÷ 1.8%

16.64x

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

  • Advance Residence Investment is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Advance Residence Investment's assets?
Raw Data
OTCPK:ADZZ.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-01-31) in JPY ¥163,014.38
TSE:3269 Share Price * TSE (2019-04-15) in JPY ¥315500
United States of America REITs Industry PB Ratio Median Figure of 191 Publicly-Listed REITs Companies 1.86x
United States of America Market PB Ratio Median Figure of 5,207 Publicly-Listed Companies 1.8x
OTCPK:ADZZ.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:3269 Share Price ÷ Book Value per Share (both in JPY)

= 315500 ÷ 163,014.38

1.94x

* Primary Listing of Advance Residence Investment.

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

  • Advance Residence Investment is overvalued based on assets compared to the US REITs industry average.
X
Value checks
We assess Advance Residence 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. Advance Residence Investment has a total score of 1/6, 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.

Future Performance

 How is Advance Residence 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
1.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Advance Residence Investment expected to grow at an attractive rate?
  • Advance Residence Investment's earnings growth is positive but not above the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Advance Residence Investment's earnings growth is positive but not above the United States of America market average.
  • Advance Residence Investment's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:ADZZ.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:ADZZ.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 1.8%
OTCPK:ADZZ.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 1.1%
United States of America REITs Industry Earnings Growth Rate Market Cap Weighted Average 5.7%
United States of America REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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
OTCPK:ADZZ.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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.
OTCPK:ADZZ.F Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-01-31 33,571 20,564 14,726 2
2021-01-31 32,989 20,068 14,498 3
2020-01-31 32,625 19,574 14,015 2
OTCPK:ADZZ.F Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-01-31 32,498 21,842 14,071
2018-10-31 32,407 21,699 13,979
2018-07-31 32,205 21,557 13,885
2018-04-30 32,069 20,188 13,663
2018-01-31 31,822 18,820 13,440
2017-10-31 31,622 18,468 13,227
2017-07-31 31,423 18,117 13,013
2017-04-30 31,186 18,390 12,795
2017-01-31 30,948 18,663 12,577
2016-10-31 30,737 18,570 12,367
2016-07-31 30,527 18,477 12,157
2016-04-30 30,287 17,594 12,026

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Advance Residence Investment's earnings are expected to grow by 1.8% yearly, however this is not considered high growth (20% yearly).
  • Advance Residence Investment's revenue is expected to grow by 1.1% 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
OTCPK:ADZZ.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Advance Residence Investment Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:ADZZ.F Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-01-31 10,806.32 11,107.00 10,633.64 3.00
2021-01-31 10,701.62 10,923.61 10,555.04 4.00
2020-01-31 10,381.61 10,445.00 10,307.90 3.00
OTCPK:ADZZ.F Past Financials Data
Date (Data in JPY Millions) EPS *
2019-01-31 10,423.27
2018-10-31 10,354.50
2018-07-31 10,285.29
2018-04-30 10,120.76
2018-01-31 9,955.79
2017-10-31 9,824.51
2017-07-31 9,692.52
2017-04-30 9,619.59
2017-01-31 9,545.28
2016-10-31 9,449.03
2016-07-31 9,351.46
2016-04-30 9,250.98

*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.
  • Advance Residence Investment is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Advance Residence 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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Advance Residence Investment has a total score of 0/6, 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.

Past Performance

  How has Advance Residence 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 Advance Residence 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.
  • Advance Residence Investment's year on year earnings growth rate has been positive over the past 5 years.
  • Advance Residence Investment's 1-year earnings growth exceeds its 5-year average (4.7% vs 4.5%)
  • Advance Residence Investment's earnings growth has not exceeded the US REITs industry average in the past year (4.7% vs 16%).
Earnings and Revenue History
Advance Residence 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 Advance Residence Investment Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:ADZZ.F Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-01-31 32,498.20 14,071.42 124.97
2018-10-31 32,406.84 13,978.58 127.13
2018-07-31 32,205.23 13,885.14 136.81
2018-04-30 32,068.58 13,663.03 129.31
2018-01-31 31,821.67 13,440.31 129.32
2017-10-31 31,622.22 13,226.86 127.82
2017-07-31 31,422.76 13,013.40 126.32
2017-04-30 31,185.56 12,795.24 129.16
2017-01-31 30,948.37 12,577.09 132.00
2016-10-31 30,737.45 12,366.99 134.02
2016-07-31 30,526.54 12,156.90 136.04
2016-04-30 30,286.97 12,026.27 134.96
2016-01-31 30,047.40 11,895.64 133.88
2015-07-31 29,996.00 11,888.00 146.00
2015-01-31 30,168.51 12,471.12 135.21
2014-07-31 29,336.00 11,760.00 146.00
2014-01-31 27,588.00 10,950.00 150.00
2013-07-31 26,986.00 10,582.00 142.00
2013-01-31 24,388.00 9,362.00 144.00
2012-07-31 24,438.00 9,222.00 158.00

*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.
  • Advance Residence Investment has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Advance Residence Investment used its assets less efficiently than the US REITs industry average last year based on Return on Assets.
  • Advance Residence Investment has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Advance Residence 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.
Advance Residence 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.

Health

 How is Advance Residence 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 Advance Residence Investment's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Advance Residence Investment is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Advance Residence Investment's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Advance Residence 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 Advance Residence Investment Company Filings, last reported 3 months ago.

OTCPK:ADZZ.F Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-01-31 220,069.41 225,936.19 14,553.95
2018-10-31 220,069.41 225,936.19 14,553.95
2018-07-31 220,524.00 225,918.00 13,741.00
2018-04-30 220,524.00 225,921.42 13,741.90
2018-01-31 220,574.58 221,418.00 12,218.82
2017-10-31 220,574.58 221,418.00 12,218.82
2017-07-31 220,754.58 223,374.33 12,989.66
2017-04-30 220,754.58 223,374.33 12,989.66
2017-01-31 220,834.06 223,774.33 17,772.26
2016-10-31 220,834.06 223,774.33 17,772.26
2016-07-31 207,915.63 233,864.33 16,504.88
2016-04-30 207,915.63 233,864.33 16,504.88
2016-01-31 207,661.18 226,280.15 11,812.81
2015-07-31 207,653.00 227,486.00 9,879.00
2015-01-31 208,378.14 215,798.46 14,511.03
2014-07-31 207,757.00 221,794.00 7,592.00
2014-01-31 195,220.00 218,109.00 13,836.00
2013-07-31 195,446.00 210,260.00 7,415.00
2013-01-31 172,640.00 206,153.00 7,864.00
2012-07-31 173,155.00 206,344.00 6,701.00
  • Advance Residence Investment's level of debt (102.7%) 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 (111.7% vs 102.7% today).
  • Debt is not well covered by operating cash flow (9.7%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8.5x coverage).
X
Financial health checks
We assess Advance Residence 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. Advance Residence Investment has a total score of 3/6, 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.

Dividends

 What is Advance Residence 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
3.46%
Current annual income from Advance Residence Investment dividends. Estimated to be 3.52% next year.
If you bought $2,000 of Advance Residence Investment shares you are expected to receive $69 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?
  • Advance Residence Investment's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
  • Advance Residence Investment's dividend is below the markets top 25% of dividend payers in United States of America (3.76%).
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
OTCPK:ADZZ.F 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
United States of America REITs Industry Average Dividend Yield Market Cap Weighted Average of 184 Stocks 3.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America 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.

OTCPK:ADZZ.F Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2022-01-31 11,202.98 4.00
2021-01-31 11,197.85 5.00
2020-01-31 10,889.54 4.00
OTCPK:ADZZ.F Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-05-16 10,921.000 3.445
2018-11-21 10,698.000 3.448
2018-09-10 10,698.000 3.694
2018-06-08 10,548.000 3.693
2017-10-20 10,318.000 3.758
2017-09-06 10,318.000 3.764
2017-05-19 9,958.000 3.549
2017-01-18 9,838.000 3.304
2016-10-05 9,838.000 3.385
2016-04-13 9,150.000 3.256
2015-10-21 9,144.000 3.434
2015-08-17 9,144.000 3.657
2015-03-31 9,723.000 3.363
2012-04-27 9,000.000 4.945
2011-04-27 9,000.000 5.930
2011-03-16 9,000.000 5.534
2010-11-18 0.000 0.000

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

  • Whilst dividend payments have been stable, Advance Residence Investment has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Advance Residence Investment only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Advance Residence 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 Advance Residence 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 Advance Residence Investment afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Advance Residence Investment has a total score of 2/6, see the detailed checks below.


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

Management

 What is the CEO of Advance Residence 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.
  • Advance Residence Investment has no CEO, or we have no data on them.
Management Team

Kenji Kousaka

TITLE
Executive Director
AGE
53

Hiromasa Yamamoto

TITLE
Head of Compliance & Risk Management Office and Compliance Officer

Takeshi Takano

TITLE
Senior Managing Director
AGE
55
TENURE
0.1 yrs

Isao Kudo

TITLE
GM of Investment & Asset Management Division I and Executive Director

Tomoyuki Kimura

TITLE
Director & Deputy CFO of Corporate Management Department
Board of Directors Tenure

Average tenure and age of the Advance Residence Investment board of directors in years:

1.3
Average Tenure
65
Average Age
  • The average tenure for the Advance Residence Investment board of directors is less than 3 years, this suggests a new board.
Board of Directors

Kenji Kousaka

TITLE
Executive Director
AGE
53
TENURE
9.2 yrs

Isao Kudo

TITLE
GM of Investment & Asset Management Division I and Executive Director
TENURE
0.9 yrs

Tomoyuki Kimura

TITLE
Director & Deputy CFO of Corporate Management Department

Yoshiki Oshima

TITLE
Supervisory Director
AGE
72
TENURE
9.2 yrs

Yoshitsugu Oba

TITLE
Supervisory Director
AGE
65
TENURE
1.6 yrs

Yoichi Sonoda

TITLE
Non-Executive Director
TENURE
0.9 yrs

Tomonari Nakamura

TITLE
Non-Executive Corporate Auditor
TENURE
0.9 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 Advance Residence 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. Advance Residence 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.

News

Simply Wall St News

Company Info

Description

Advanced Residence Investment Corporation (Securities code: 3269) was created through consolidation type merger between the former Advance Residence Investment Corporation and Nippon Residential Investment Corporation. The newly formed Advance Residence has the biggest residential REIT portfolio in Japan in terms of assets.

Details
Name: Advance Residence Investment Corporation
ADZZ.F
Exchange: OTCPK
Founded: 2010
¥3,897,200,110
1,350,000
Website: http://www.adr-reit.com
Address: Advance Residence Investment Corporation
Jinbocho Mitsui Building,
17th Floor,
Tokyo,
101-0051,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 3269 Investment Securities The Tokyo Stock Exchange JP JPY 02. Mar 2010
OTCPK ADZZ.F Investment Securities Pink Sheets LLC US USD 02. Mar 2010
Number of employees
Current staff
Staff numbers
0
Advance Residence Investment employees.
Industry
Residential REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/25 00:22
End of day share price update: 2019/04/15 00:00
Last estimates confirmation: 2019/05/15
Last earnings filing: 2019/05/16
Last earnings reported: 2019/01/31
Last annual earnings reported: 2019/01/31


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.