OTCPK:JPRR.F

Stock Analysis Report

Japan Prime Realty Investment

Executive Summary

JPR was established on September 14, 2001 under the Act on Investment Trusts and Investment Corporations (Act No.


Snowflake Analysis

Acceptable track record second-rate dividend payer.

Share Price & News

How has Japan Prime Realty Investment's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

JPRR.F

-0.07%

US REITs

-1.1%

US Market


1 Year Return

12.8%

JPRR.F

16.0%

US REITs

17.9%

US Market

Return vs Industry: JPRR.F underperformed the US REITs industry which returned 16% over the past year.

Return vs Market: JPRR.F underperformed the US Market which returned 17.9% over the past year.


Shareholder returns

JPRR.FIndustryMarket
7 Day0%-0.07%-1.1%
30 Day0%3.6%1.4%
90 Dayn/a7.8%6.9%
1 Year12.8%12.8%20.7%16.0%20.3%17.9%
3 Yearn/a37.9%20.6%47.8%38.3%
5 Yearn/a60.3%27.3%71.9%53.0%

Price Volatility Vs. Market

How volatile is Japan Prime Realty Investment's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Japan Prime Realty Investment undervalued compared to its fair value and its price relative to the market?

32.23x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: JPRR.F ($4412.07) is trading above our estimate of fair value ($18.59)

Significantly Below Fair Value: JPRR.F is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: JPRR.F is good value based on its PE Ratio (32.2x) compared to the REITs industry average (37.2x).

PE vs Market: JPRR.F is poor value based on its PE Ratio (32.2x) compared to the US market (18.2x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: JPRR.F is good value based on its PB Ratio (1.9x) compared to the US REITs industry average (2.1x).


Next Steps

Future Growth

How is Japan Prime Realty Investment forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

5.2%

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 Japan Prime Realty 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.


Next Steps

  • Take a look at our analysis of JPRR.F’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Japan Prime Realty Investment's filings and announcements here.
  • Explore growth companies in the Real Estate industry.

Past Performance

How has Japan Prime Realty Investment performed over the past 5 years?

6.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: JPRR.F has high quality earnings.

Growing Profit Margin: JPRR.F's current net profit margins (44%) are higher than last year (43.6%).


Past Earnings Growth Analysis

Earnings Trend: JPRR.F's earnings have grown by 6.4% per year over the past 5 years.

Accelerating Growth: JPRR.F's earnings growth over the past year (5.1%) is below its 5-year average (6.4% per year).

Earnings vs Industry: JPRR.F earnings growth over the past year (5.1%) underperformed the REITs industry 7.6%.


Return on Equity

High ROE: JPRR.F's Return on Equity (5.9%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Japan Prime Realty Investment's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: JPRR.F has a high level of physical assets or inventory.

Debt Coverage by Assets: JPRR.F's debt is not covered by short term assets (assets are 0.2x debt).


Financial Institutions Analysis

Asset Level: JPRR.F's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if JPRR.F has a sufficient allowance for bad loans.

Low Risk Liabilities: JPRR.F reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if JPRR.F has an acceptable proportion of non-loan assets held.

Low Risk Deposits: JPRR.F has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if JPRR.F has an appropriate level of bad loans.


Next Steps

Dividend

What is Japan Prime Realty Investment's current dividend yield, its reliability and sustainability?

3.10%

Current Dividend Yield


Dividend Yield vs Market

company3.1%marketbottom25%1.4%markettop25%3.7%industryaverage3.5%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: JPRR.F's dividend (3.1%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: JPRR.F's dividend (3.1%) is low compared to the top 25% of dividend payers in the US market (3.73%).


Stability and Growth of Payments

Stable Dividend: JPRR.F's dividend payments have been volatile in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (56.8%), JPRR.F's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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


CEO

Yoshihiro Jozaki (59yo)

0.4yrs

Tenure

0

Yoshihiro Jozaki has been the Executive Officer of Japan Prime Realty Investment Corporation since September 5, 2019. Yoshihiro Jozaki serves as Managing Officer at Tokyo Tatemono Co. Ltd. 


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

Japan Prime Realty Investment Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Japan Prime Realty Investment Corporation
  • Ticker: JPRR.F
  • Exchange: OTCPK
  • Founded: 2001
  • Industry: Office REITs
  • Sector: Real Estate
  • Market Cap: JP¥455.501b
  • Listing Market Cap: JP¥4.078b
  • Shares outstanding: 923.00k
  • Website: https://www.jpr-reit.co.jp

Location

  • Japan Prime Realty Investment Corporation
  • 4-16, Yaesu, 1-chome
  • Chuo-ku
  • Tokyo
  • 103-0028
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
8955TSE (The Tokyo Stock Exchange)YesInvestment UnitsJPJPYJun 2002
JPRR.FOTCPK (Pink Sheets LLC)YesInvestment UnitsUSUSDJun 2002
58JADB (Deutsche Boerse AG)YesInvestment UnitsDEEURJun 2002

Biography

JPR was established on September 14, 2001 under the Act on Investment Trusts and Investment Corporations (Act No. 198 of 1951, as amended), and was listed on the Tokyo Stock Exchange Real Estate Investment Trust Section (securities code: 8955) on June 14, 2002 with 289,600 outstanding investment units. With the subsequently implemented public offerings and other capital raising measures by JPR, the number of investment units issued and outstanding totals 923,000 units as of the end of the 36th fiscal period (December 31, 2019). JPR has assigned the asset management of its portfolio to Tokyo Realty Investment Management, Inc. (TRIM), through which JPR aims to maximize unitholder value by efficiently managing the portfolio primarily comprising office properties and retail properties. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/23 01:46
End of Day Share Price2019/12/11 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.