Japan Real Estate Investment Corporation

8952.T

JPXReal EstateREIT - Office

Open in GoAI

Latest quote

¥114,700

+¥200 · +0.17%

Company profile

JRE's investment strategy focuses on a defined set of assets, primarily comprising direct real estate holdings and securities predominantly linked to real estate, with the goal of achieving consistent value growth over the medium to long term.

Japan Real Estate Investment Corporation

8952.T

JPXReal EstateREIT - Office

Open in GoAI

Latest quote

¥114,700

+¥200 · +0.17%

Sep 9, 3:30 PM JST

Latest quote

¥114,700

+¥200 · +0.17%

Regular session · JST · Market data may be delayed.

Company profile

Company website

Industry: REIT - Office
Sector: Real Estate
Headquarters: JP
CEO: Kazuyuki Inoue
Listed since: Sep 29, 2005
Employees: 0

Market position

Day range

Current ¥114,700

¥113,900¥115,100

52-week range

Current ¥114,700

¥110,300¥136,500

Open: ¥114,500
Previous close: ¥114,500
Volume: 27.07K; 1.38× average
Average volume: 19.64K; Average daily volume
Market cap: 835.43B JPY
Beta: 0.37; Market reference 1
50-day average: ¥119,348; -3.89% below average
200-day average: ¥122,340; -6.24% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value: 1.32T JPY
P/E (TTM): 22.41×
P/B (TTM): 1.5×
P/S (TTM): 8.28×
EV / EBITDA: 25.15×
Earnings yield: 4.14%
Free cash flow yield: 3.30%
Dividend yield: 4.40%

Profitability & efficiency

Gross margin: 26.31%
Operating margin: 37.86%
Net margin: 36.07%
Return on equity: 6.76%
Return on assets: 3.41%
Return on invested capital: 3.69%

Financial health

Debt / equity: 0.93×
Current ratio: 0.33×
Altman Z-score: 1.24
Piotroski F-score: 7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin

Income trends

Revenue

103.38B JPY+23.08%

Operating income

40.09B JPY-2.12%

Net income

36.67B JPY-2.15%

Financial statements: Income statement
Metric (JPY)	FY2025	FY2024	FY2023	FY2022	FY2021
Revenue	103.38B JPY	84B JPY	75.89B JPY	73.75B JPY	71.75B JPY
Cost of goods sold	74.7B JPY	42.16B JPY	40.17B JPY	38.26B JPY	36.28B JPY
Gross profit	28.69B JPY	41.83B JPY	35.72B JPY	35.49B JPY	35.47B JPY
Selling, general, and administrative	4.67B JPY	389M JPY	498.33M JPY	492.59M JPY	452.46M JPY
Operating expenses	−11.4B JPY	875M JPY	628.86M JPY	342.34M JPY	592.07M JPY
Interest income	54.44M JPY	3.69M JPY	295K JPY	256K JPY	296K JPY
Interest expense	2.74B JPY	2.08B JPY	1.74B JPY	1.73B JPY	1.84B JPY
Depreciation and amortization	12.3B JPY	12.44B JPY	12.46B JPY	12.6B JPY	12.81B JPY
Operating income	40.09B JPY	40.96B JPY	35.09B JPY	35.15B JPY	34.87B JPY
Net income	36.67B JPY	37.48B JPY	33.24B JPY	32.84B JPY	32.43B JPY

Company facts updated Sep 9, 2026.

Earnings

EPS beat rate: 45%; 5 beats, 3 misses, 3 met estimates
Average EPS surprise: +0.90%; 11 comparable reports
Latest EPS result: 2,618.09; Estimate 2,618.09 · Met by 0.00%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate

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

¥4,535.2

2,021

¥4,580

2,022

¥4,733.4

2,023

¥4,913

2,024

¥4,998

2,025

¥2,536

2,026*

* Partial calendar year in the available dividend history.

Corporate action history

Action	Ex-dividend date	Details	Record date	Payment date
DividendUpcoming	Sep 29, 2026	¥2,561Semi-Annual	Sep 30, 2026	Sep 29, 2026
Dividend	Mar 30, 2026	¥2,536Semi-Annual	Mar 31, 2026	Jun 15, 2026
Dividend	Sep 29, 2025	¥2,511Semi-Annual	Sep 30, 2025	Dec 16, 2025
Dividend	Mar 28, 2025	¥2,487Semi-Annual	Mar 31, 2025	Jun 13, 2025
Dividend	Sep 27, 2024	¥12,349Semi-Annual	Sep 30, 2024	Dec 13, 2024
Dividend	Mar 28, 2024	¥12,216Semi-Annual	Mar 31, 2024	Jun 14, 2024

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

8802.T

Mitsubishi Estate Co., Ltd.

¥3,692

+0.87%

8801.T

Mitsui Fudosan Co., Ltd.

¥1,505

-0.03%

8830.T

Sumitomo Realty & Development Co., Ltd.

¥3,302

+1.79%

1925.T

Daiwa House Industry Co., Ltd.

¥4,630

-0.19%

3003.T

Hulic Co., Ltd.

¥1,750.5

+0.29%

8951.T

Nippon Building Fund Incorporation

¥121,900

+0.25%

ETFs holding 8952.T

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

ETFMarket valueWeightAUMExpense ratioPrice / 1D

Vanguard Total International Stock ETFVXUS75.11M0.01%646.2B USD0.05%$88.08-0.37%

Vanguard FTSE Developed Markets ETFVEA50.73M0.02%315B USD0.03%$73.45-0.42%

iShares Core MSCI EAFE ETFIEFA36.34M0.02%196.63B USD0.07%$100.49-0.58%

Vanguard Global ex-U.S. Real Estate ETFVNQI20.35M0.52%3.9B USD0.12%$44.95-0.71%

iShares MSCI EAFE Small-Cap ETFSCZ17.29M0.13%13.23B USD0.40%$86.83-0.85%

iShares Global REIT ETFREET13.75M0.28%4.93B USD0.14%$27.36-0.15%

Vanguard FTSE All-World ex-US ETFVEU12.68M0.01%95.9B USD0.04%$86.06-0.41%

Schwab International Equity ETFSCHF11.87M0.02%70.03B USD0.03%$28.47-0.38%

Vanguard Total International Stock ETFVXUS

Market value: 75.11M
Weight: 0.01%
AUM: 646.2B USD
Expense ratio: 0.05%
Price / 1D: $88.08-0.37%

Vanguard FTSE Developed Markets ETFVEA

Market value: 50.73M
Weight: 0.02%
AUM: 315B USD
Expense ratio: 0.03%
Price / 1D: $73.45-0.42%

iShares Core MSCI EAFE ETFIEFA

Market value: 36.34M
Weight: 0.02%
AUM: 196.63B USD
Expense ratio: 0.07%
Price / 1D: $100.49-0.58%

Vanguard Global ex-U.S. Real Estate ETFVNQI

Market value: 20.35M
Weight: 0.52%
AUM: 3.9B USD
Expense ratio: 0.12%
Price / 1D: $44.95-0.71%

iShares MSCI EAFE Small-Cap ETFSCZ

Market value: 17.29M
Weight: 0.13%
AUM: 13.23B USD
Expense ratio: 0.40%
Price / 1D: $86.83-0.85%

iShares Global REIT ETFREET

Market value: 13.75M
Weight: 0.28%
AUM: 4.93B USD
Expense ratio: 0.14%
Price / 1D: $27.36-0.15%

Vanguard FTSE All-World ex-US ETFVEU

Market value: 12.68M
Weight: 0.01%
AUM: 95.9B USD
Expense ratio: 0.04%
Price / 1D: $86.06-0.41%

Schwab International Equity ETFSCHF

Market value: 11.87M
Weight: 0.02%
AUM: 70.03B USD
Expense ratio: 0.03%
Price / 1D: $28.47-0.38%

Continue in GoAI

Research 8952.T

AI-generated and delayed market data for informational and educational purposes only. Not investment advice.

Regular session · JST · Market data may be delayed.

Company profile

Company website

Industry: REIT - Office
Sector: Real Estate
Headquarters: JP
CEO: Kazuyuki Inoue
Listed since: Sep 29, 2005
Employees: 0

Market position

Day range

Current ¥114,700

¥113,900¥115,100

52-week range

Current ¥114,700

¥110,300¥136,500

Open: ¥114,500
Previous close: ¥114,500
Volume: 27.07K; 1.38× average
Average volume: 19.64K; Average daily volume
Market cap: 835.43B JPY
Beta: 0.37; Market reference 1
50-day average: ¥119,348; -3.89% below average
200-day average: ¥122,340; -6.24% below average

Company profile

Regular session · JST · Market data may be delayed.

Company profile

Company website

Industry: REIT - Office
Sector: Real Estate
Headquarters: JP
CEO: Kazuyuki Inoue
Listed since: Sep 29, 2005
Employees: 0

Market position

Day range

Current ¥114,700

¥113,900¥115,100

52-week range

Current ¥114,700

¥110,300¥136,500

Open: ¥114,500
Previous close: ¥114,500
Volume: 27.07K; 1.38× average
Average volume: 19.64K; Average daily volume
Market cap: 835.43B JPY
Beta: 0.37; Market reference 1
50-day average: ¥119,348; -3.89% below average
200-day average: ¥122,340; -6.24% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value: 1.32T JPY
P/E (TTM): 22.41×
P/B (TTM): 1.5×
P/S (TTM): 8.28×
EV / EBITDA: 25.15×
Earnings yield: 4.14%
Free cash flow yield: 3.30%
Dividend yield: 4.40%

Profitability & efficiency

Gross margin: 26.31%
Operating margin: 37.86%
Net margin: 36.07%
Return on equity: 6.76%
Return on assets: 3.41%
Return on invested capital: 3.69%

Financial health

Debt / equity: 0.93×
Current ratio: 0.33×
Altman Z-score: 1.24
Piotroski F-score: 7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin

Income trends

Revenue

103.38B JPY+23.08%

Operating income

40.09B JPY-2.12%

Net income

36.67B JPY-2.15%

Financial statements: Income statement
Metric (JPY)	FY2025	FY2024	FY2023	FY2022	FY2021
Revenue	103.38B JPY	84B JPY	75.89B JPY	73.75B JPY	71.75B JPY
Cost of goods sold	74.7B JPY	42.16B JPY	40.17B JPY	38.26B JPY	36.28B JPY
Gross profit	28.69B JPY	41.83B JPY	35.72B JPY	35.49B JPY	35.47B JPY
Selling, general, and administrative	4.67B JPY	389M JPY	498.33M JPY	492.59M JPY	452.46M JPY
Operating expenses	−11.4B JPY	875M JPY	628.86M JPY	342.34M JPY	592.07M JPY
Interest income	54.44M JPY	3.69M JPY	295K JPY	256K JPY	296K JPY
Interest expense	2.74B JPY	2.08B JPY	1.74B JPY	1.73B JPY	1.84B JPY
Depreciation and amortization	12.3B JPY	12.44B JPY	12.46B JPY	12.6B JPY	12.81B JPY
Operating income	40.09B JPY	40.96B JPY	35.09B JPY	35.15B JPY	34.87B JPY
Net income	36.67B JPY	37.48B JPY	33.24B JPY	32.84B JPY	32.43B JPY

Company facts updated Sep 9, 2026.

Earnings

EPS beat rate: 45%; 5 beats, 3 misses, 3 met estimates
Average EPS surprise: +0.90%; 11 comparable reports
Latest EPS result: 2,618.09; Estimate 2,618.09 · Met by 0.00%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate

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

¥4,535.2

2,021

¥4,580

2,022

¥4,733.4

2,023

¥4,913

2,024

¥4,998

2,025

¥2,536

2,026*

* Partial calendar year in the available dividend history.

Corporate action history

Action	Ex-dividend date	Details	Record date	Payment date
DividendUpcoming	Sep 29, 2026	¥2,561Semi-Annual	Sep 30, 2026	Sep 29, 2026
Dividend	Mar 30, 2026	¥2,536Semi-Annual	Mar 31, 2026	Jun 15, 2026
Dividend	Sep 29, 2025	¥2,511Semi-Annual	Sep 30, 2025	Dec 16, 2025
Dividend	Mar 28, 2025	¥2,487Semi-Annual	Mar 31, 2025	Jun 13, 2025
Dividend	Sep 27, 2024	¥12,349Semi-Annual	Sep 30, 2024	Dec 13, 2024
Dividend	Mar 28, 2024	¥12,216Semi-Annual	Mar 31, 2024	Jun 14, 2024

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

8802.T

Mitsubishi Estate Co., Ltd.

¥3,692

+0.87%

8801.T

Mitsui Fudosan Co., Ltd.

¥1,505

-0.03%

8830.T

Sumitomo Realty & Development Co., Ltd.

¥3,302

+1.79%

1925.T

Daiwa House Industry Co., Ltd.

¥4,630

-0.19%

3003.T

Hulic Co., Ltd.

¥1,750.5

+0.29%

8951.T

Nippon Building Fund Incorporation

¥121,900

+0.25%

ETFs holding 8952.T

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

ETFMarket valueWeightAUMExpense ratioPrice / 1D

Vanguard Total International Stock ETFVXUS75.11M0.01%646.2B USD0.05%$88.08-0.37%

Vanguard FTSE Developed Markets ETFVEA50.73M0.02%315B USD0.03%$73.45-0.42%

iShares Core MSCI EAFE ETFIEFA36.34M0.02%196.63B USD0.07%$100.49-0.58%

Vanguard Global ex-U.S. Real Estate ETFVNQI20.35M0.52%3.9B USD0.12%$44.95-0.71%

iShares MSCI EAFE Small-Cap ETFSCZ17.29M0.13%13.23B USD0.40%$86.83-0.85%

iShares Global REIT ETFREET13.75M0.28%4.93B USD0.14%$27.36-0.15%

Vanguard FTSE All-World ex-US ETFVEU12.68M0.01%95.9B USD0.04%$86.06-0.41%

Schwab International Equity ETFSCHF11.87M0.02%70.03B USD0.03%$28.47-0.38%

Vanguard Total International Stock ETFVXUS

Market value: 75.11M
Weight: 0.01%
AUM: 646.2B USD
Expense ratio: 0.05%
Price / 1D: $88.08-0.37%

Vanguard FTSE Developed Markets ETFVEA

Market value: 50.73M
Weight: 0.02%
AUM: 315B USD
Expense ratio: 0.03%
Price / 1D: $73.45-0.42%

iShares Core MSCI EAFE ETFIEFA

Market value: 36.34M
Weight: 0.02%
AUM: 196.63B USD
Expense ratio: 0.07%
Price / 1D: $100.49-0.58%

Vanguard Global ex-U.S. Real Estate ETFVNQI

Market value: 20.35M
Weight: 0.52%
AUM: 3.9B USD
Expense ratio: 0.12%
Price / 1D: $44.95-0.71%

iShares MSCI EAFE Small-Cap ETFSCZ

Market value: 17.29M
Weight: 0.13%
AUM: 13.23B USD
Expense ratio: 0.40%
Price / 1D: $86.83-0.85%

iShares Global REIT ETFREET

Market value: 13.75M
Weight: 0.28%
AUM: 4.93B USD
Expense ratio: 0.14%
Price / 1D: $27.36-0.15%

Vanguard FTSE All-World ex-US ETFVEU

Market value: 12.68M
Weight: 0.01%
AUM: 95.9B USD
Expense ratio: 0.04%
Price / 1D: $86.06-0.41%

Schwab International Equity ETFSCHF

Market value: 11.87M
Weight: 0.02%
AUM: 70.03B USD
Expense ratio: 0.03%
Price / 1D: $28.47-0.38%

Continue in GoAI

Research 8952.T

AI-generated and delayed market data for informational and educational purposes only. Not investment advice.

Japan Real Estate Investment Corporation

8952.T company overview

Company profile

Japan Real Estate Investment Corporation

8952.T company overview

Company profile

Market position

Financials

Financial snapshot

Valuation & yield

Profitability & efficiency

Financial health

Financial statements

Margin trends

Income trends

Earnings

EPS: actual versus estimate

Revenue: actual versus estimate

Corporate actions

Annual dividends per share

Corporate action history

8952.T peers

ETFs holding 8952.T

Continue in GoAI

8952.T company overview

Company profile

Market position

8952.T company overview

Company profile

8952.T company overview

Company profile

Market position

8952.T company overview

Company profile

Market position

Financials

Financial snapshot

Valuation & yield

Profitability & efficiency

Financial health

Financial statements

Margin trends

Income trends

Earnings

EPS: actual versus estimate

Revenue: actual versus estimate

Corporate actions

Annual dividends per share

Corporate action history

8952.T peers

ETFs holding 8952.T

Continue in GoAI