ORIX JREIT Inc. (8954.T) stock price, financials & research

Regular session · JST · Market data may be delayed.

Company profile

ORIX JREIT Inc. (OJR) began operations on September 10, 2001, and made its debut on the Tokyo Stock Exchange on June 12, 2002, marking it as the fourth Real Estate Investment Trust (JREIT) to be publicly traded in Japan. Functioning as an externally managed property fund in accordance with Japan's Act on Investment Trusts and Investment Corporations, OJR's assets are managed by ORIX Asset Management Corporation. This management firm is a direct subsidiary of ORIX Corporation (TSE: 8591, NYSE: IX (ADR)). OJR maintains a diversified portfolio, strategically acquiring and holding a range of properties including office complexes, retail centers, residential units, logistics warehouses, and hotels. Its core mission is to deliver consistent cash flow and robust asset appreciation for its investors over the medium to long term.

Industry: REIT - Office
Sector: Real Estate
Headquarters: JP
CEO: Junko Kanazawa
Listed since: Sep 29, 2005
Employees: 80

Market position

52-week range

Current ¥101,300

¥91,400¥109,200

Open: ¥101,300
Previous close: ¥100,000
Volume: 13.09K; 1.03× average
Average volume: 12.75K; Average daily volume
Market cap: 559.18B JPY
Beta: 0.07; Market reference 1
50-day average: ¥98,810; +2.52% above average
200-day average: ¥101,490.5; -0.19% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value: 815.88B JPY
P/E (TTM): 20.79×
P/B (TTM): 1.58×
P/S (TTM): 8.4×
EV / EBITDA: 25.39×
Earnings yield: 4.30%
Free cash flow yield: -2.92%
Dividend yield: 4.62%

Profitability & efficiency

Gross margin: 31.90%
Operating margin: 45.65%
Net margin: 40.40%
Return on equity: 6.71%
Return on assets: 3.43%
Return on invested capital: 3.89%

Financial health

Debt / equity: 0.98×
Current ratio: 0.63×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin

Income trends

Revenue

56.99B JPY+3.61%

Operating income

26.39B JPY+4.41%

Net income

23.51B JPY+2.02%

Metric (JPY)	FY2025	FY2024	FY2023	FY2022	FY2021
Revenue	56.99B JPY	55.01B JPY	51.37B JPY	49.86B JPY	47.22B JPY
Cost of goods sold	39.12B JPY	26.3B JPY	26.54B JPY	22.83B JPY	21.67B JPY
Gross profit	17.87B JPY	28.71B JPY	24.83B JPY	27.03B JPY	25.55B JPY
Selling, general, and administrative	179M JPY	3.26B JPY	3.21B JPY	3.22B JPY	3.25B JPY
Operating expenses	−8.52B JPY	3.39B JPY	3.61B JPY	3.64B JPY	3.57B JPY
Interest income	55M JPY	−525M JPY	1M JPY	2M JPY	2M JPY
Interest expense	2.87B JPY	1.67B JPY	—	—	1.83B JPY
Depreciation and amortization	7.78B JPY	7.83B JPY	8.36B JPY	8.2B JPY	8.31B JPY
Operating income	26.39B JPY	25.27B JPY	21.22B JPY	23.39B JPY	21.97B JPY
Net income	23.51B JPY	23.05B JPY	19.05B JPY	21.13B JPY	19.46B JPY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate: 73%; 8 beats, 2 misses, 1 met estimate
Average EPS surprise: +0.56%; 11 comparable reports
Latest EPS result: 2,610; Estimate 2,550 · Beat by 2.35%

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.

¥4,265.5

2025 complete year-19.9% since 2021

2026 partial: ¥2,414

¥5,322.5

2,021

¥3,656

2,022

¥3,906

2,023

¥3,861

2,024

¥4,265.5

2,025

¥2,414

2,026*

* Partial calendar year in the available dividend history.

Corporate action history

Action	Ex-dividend date	Details	Record date	Payment date
DividendUpcoming	Aug 28, 2026	¥2,450Semi-Annual	Aug 31, 2026	Aug 28, 2026
Dividend	Feb 26, 2026	¥2,414Semi-Annual	Aug 31, 2026	—
Dividend	Aug 28, 2025	¥4,540Semi-Annual	Aug 31, 2025	Nov 13, 2025
Dividend	Feb 27, 2025	¥3,991Semi-Annual	Feb 28, 2025	May 20, 2025
Dividend	Aug 29, 2024	¥3,820Semi-Annual	Aug 31, 2024	Nov 14, 2024
Dividend	Feb 28, 2024	¥3,902Semi-Annual	Feb 29, 2024	May 17, 2024