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Japan Real Estate Investment Corporation logo

Japan Real Estate Investment Corporation

8952.T

JPXReal EstateREIT - Office

Open in GoAI

Latest quote

¥119,000

−¥500 · -0.42%

Aug 25, 9:39 AM JST

8952.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Industry
REIT - Office
Sector
Real Estate
Headquarters
JP

Market position

Day range

Current ¥119,000

52-week range

Current ¥119,000

Open
¥119,500
Previous close
¥119,500
Volume
11.08K
Market cap
866.75B JPY
50-day average
¥118,650
+0.29% above average
200-day average
¥123,132.5
-3.36% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
23.25×
P/B (TTM)
1.56×
P/S (TTM)
8.59×
Dividend yield
4.24%

Profitability & efficiency

Gross margin
26.31%
Operating margin
37.86%
Net margin
36.07%

Financial health

Debt / equity
0.93×
Altman Z-score
1.27
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends52%43%34%26%Gross margin, FY2021: 49.43%Gross margin, FY2022: 48.12%Gross margin, FY2023: 47.07%Gross margin, FY2024: 49.80%Gross margin, FY2025: 27.75%Operating margin, FY2021: 48.61%Operating margin, FY2022: 47.66%Operating margin, FY2023: 46.24%Operating margin, FY2024: 48.76%Operating margin, FY2025: 38.77%Net margin, FY2021: 45.19%Net margin, FY2022: 44.52%Net margin, FY2023: 43.80%Net margin, FY2024: 44.62%Net margin, FY2025: 35.47%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 49.43%. Gross margin FY2022 48.12%. Gross margin FY2023 47.07%. Gross margin FY2024 49.80%. Gross margin FY2025 27.75%. Operating margin FY2021 48.61%. Operating margin FY2022 47.66%. Operating margin FY2023 46.24%. Operating margin FY2024 48.76%. Operating margin FY2025 38.77%. Net margin FY2021 45.19%. Net margin FY2022 44.52%. Net margin FY2023 43.80%. Net margin FY2024 44.62%. Net margin FY2025 35.47%.

Income trends

Revenue

103.38B JPY+23.08%

Operating income

40.09B JPY-2.12%

Net income

36.67B JPY-2.15%
Income trends across reported periods110.48B JPY82.1B JPY53.71B JPY25.33B JPYRevenue, FY2021: 71.75B JPYRevenue, FY2022: 73.75B JPYRevenue, FY2023: 75.89B JPYRevenue, FY2024: 84B JPYRevenue, FY2025: 103.38B JPYOperating income, FY2021: 34.87B JPYOperating income, FY2022: 35.15B JPYOperating income, FY2023: 35.09B JPYOperating income, FY2024: 40.96B JPYOperating income, FY2025: 40.09B JPYNet income, FY2021: 32.43B JPYNet income, FY2022: 32.84B JPYNet income, FY2023: 33.24B JPYNet income, FY2024: 37.48B JPYNet income, FY2025: 36.67B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 71.75B JPY. Revenue FY2022 73.75B JPY. Revenue FY2023 75.89B JPY. Revenue FY2024 84B JPY. Revenue FY2025 103.38B JPY. Operating income FY2021 34.87B JPY. Operating income FY2022 35.15B JPY. Operating income FY2023 35.09B JPY. Operating income FY2024 40.96B JPY. Operating income FY2025 40.09B JPY. Net income FY2021 32.43B JPY. Net income FY2022 32.84B JPY. Net income FY2023 33.24B JPY. Net income FY2024 37.48B JPY. Net income FY2025 36.67B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue103.38B JPY84B JPY75.89B JPY73.75B JPY71.75B JPY
Cost of goods sold74.7B JPY42.16B JPY40.17B JPY38.26B JPY36.28B JPY
Gross profit28.69B JPY41.83B JPY35.72B JPY35.49B JPY35.47B JPY
Selling, general, and administrative4.67B JPY389M JPY498.33M JPY492.59M JPY452.46M JPY
Operating expenses−11.4B JPY875M JPY628.86M JPY342.34M JPY592.07M JPY
Interest income54.44M JPY3.69M JPY295K JPY256K JPY296K JPY
Interest expense2.74B JPY2.08B JPY1.74B JPY1.73B JPY1.84B JPY
Depreciation and amortization12.3B JPY12.44B JPY12.46B JPY12.6B JPY12.81B JPY
Operating income40.09B JPY40.96B JPY35.09B JPY35.15B JPY34.87B JPY
Net income36.67B JPY37.48B JPY33.24B JPY32.84B JPY32.43B JPY

Company facts updated Aug 25, 2026.

Earnings

Latest fiscal-year EPS
5,154.28
FY2025 · -2.16% year over year
Latest fiscal-year revenue
103.38B JPY
FY2025 · +23.08% year over year
Next fiscal-year EPS consensus
5,108.25
FY2026 · 5 analysts
Next fiscal-year revenue consensus
85.31B JPY
FY2026 · 4 analysts

Annual EPS trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual EPS trend5,876.365,396.784,917.194,437.6FY21FY22FY23FY24FY25FY26FY27FY28

Annual revenue trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual revenue trend106.55B93.89B81.24B68.58BFY21FY22FY23FY24FY25FY26FY27FY28

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥4,998

2025 complete year+10.2% since 2021

2026 partial: ¥2,536

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 29, 2026

¥2,561

Semi-Annual

Record Sep 30, 2026 · Payment Sep 29, 2026

Dividend

Ex-dividend Mar 30, 2026

¥2,536

Semi-Annual

Record Mar 31, 2026 · Payment Jun 15, 2026

Dividend

Ex-dividend Sep 29, 2025

¥2,511

Semi-Annual

Record Sep 30, 2025 · Payment Dec 16, 2025

Dividend

Ex-dividend Mar 28, 2025

¥2,487

Semi-Annual

Record Mar 31, 2025 · Payment Jun 13, 2025

Dividend

Ex-dividend Sep 27, 2024

¥12,349

Semi-Annual

Record Sep 30, 2024 · Payment Dec 13, 2024

Dividend

Ex-dividend Mar 28, 2024

¥12,216

Semi-Annual

Record Mar 31, 2024 · Payment Jun 14, 2024

8952.T peers

Mitsubishi Estate Co., Ltd. logo

8802.T

Mitsubishi Estate Co., Ltd.

¥3,716

+0.79%

Mitsui Fudosan Co., Ltd. logo

8801.T

Mitsui Fudosan Co., Ltd.

¥1,513

+1.00%

Sumitomo Realty & Development Co., Ltd. logo

8830.T

Sumitomo Realty & Development Co., Ltd.

¥3,387

+1.44%

Daiwa House Industry Co., Ltd. logo

1925.T

Daiwa House Industry Co., Ltd.

¥4,700

+0.23%

Hulic Co., Ltd. logo

3003.T

Hulic Co., Ltd.

¥1,797.5

+0.98%

Nippon Building Fund Incorporation logo

8951.T

Nippon Building Fund Incorporation

¥130,200

+1.40%

ETFs holding 8952.T

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Total International Stock ETF logoVanguard Total International Stock ETFVXUS
Market value
75.11M
Weight
0.01%
AUM
646.2B USD
Expense ratio
0.05%
Price / 1D
$87.20-0.58%
Vanguard FTSE Developed Markets ETF logoVanguard FTSE Developed Markets ETFVEA
Market value
50.73M
Weight
0.02%
AUM
315B USD
Expense ratio
0.03%
Price / 1D
$73.06-0.49%
iShares Core MSCI EAFE ETF logoiShares Core MSCI EAFE ETFIEFA
Market value
35.79M
Weight
0.02%
AUM
195.14B USD
Expense ratio
0.07%
Price / 1D
$100.67-0.18%
Vanguard Global ex-U.S. Real Estate ETF logoVanguard Global ex-U.S. Real Estate ETFVNQI
Market value
20.35M
Weight
0.52%
AUM
3.9B USD
Expense ratio
0.12%
Price / 1D
$45.80+0.20%
iShares MSCI EAFE Small-Cap ETF logoiShares MSCI EAFE Small-Cap ETFSCZ
Market value
17.52M
Weight
0.13%
AUM
13.28B USD
Expense ratio
0.40%
Price / 1D
$86.50-0.12%
iShares Global REIT ETF logoiShares Global REIT ETFREET
Market value
13.66M
Weight
0.27%
AUM
5.06B USD
Expense ratio
0.14%
Price / 1D
$28.18+0.57%
Vanguard FTSE All-World ex-US ETF logoVanguard FTSE All-World ex-US ETFVEU
Market value
12.68M
Weight
0.01%
AUM
95.9B USD
Expense ratio
0.04%
Price / 1D
$85.21-0.56%
Schwab International Equity ETF logoSchwab International Equity ETFSCHF
Market value
11.76M
Weight
0.02%
AUM
69.7B USD
Expense ratio
0.03%
Price / 1D
$28.32-0.49%

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