
NTT UD REIT Investment Corporation
8956.TJPXReal EstateREIT - Diversified
Latest quote
¥131,300
+¥1,600 · +1.23%
8956.T company overview
Regular session · JST · Market data may be delayed.
Company profile
Company websitePremier Investment Corporation (PIC) operates as a Japanese Real Estate Investment Trust (J-REIT), managing a varied portfolio that includes both commercial office properties and residential buildings. Its investment activities are strategically concentrated within the vibrant Tokyo Economic Bloc. PIC made its debut on the Tokyo Stock Exchange in September 2002, becoming the sixth J-REIT to list (ticker: 8956). Since then, it has substantially grown its asset base, with its portfolio now valued at over 200 billion yen based on acquisition costs. The company employs a sophisticated hedging strategy to minimize risk, capitalizing on the complementary nature of office and residential assets to withstand economic cycles. This, combined with its primary focus on Tokyo and judicious management of its financial structure, has enabled PIC to consistently provide strong and stable dividends throughout previous fiscal periods. Premier REIT Advisors, Co., Ltd. (PRA) is responsible for the professional management of PIC's assets. Both entities are committed to ensuring enduring operational stability and continuously elevating the quality of their owned properties for the medium to long term.
- Industry
- REIT - Diversified
- Sector
- Real Estate
- Headquarters
- JP
- CEO
- Katsushi Hattori
- Listed since
- Sep 29, 2005
Market position
Day range
Current ¥131,300
52-week range
Current ¥131,300
- Open
- ¥130,300
- Previous close
- ¥129,700
- Volume
- 2.54K
- 0.72× average
- Average volume
- 3.55K
- Average daily volume
- Market cap
- 192.78B JPY
- Beta
- 0.26
- Market reference 1
- 50-day average
- ¥133,298
- -1.50% below average
- 200-day average
- ¥138,225.5
- -5.01% below average
Financials
Financial snapshot
Latest / TTMValuation & yield
- Enterprise value
- 322.5B JPY
- P/E (TTM)
- 21.42×
- P/B (TTM)
- 1.31×
- P/S (TTM)
- 5.41×
- EV / EBITDA
- 24.44×
- Earnings yield
- 4.21%
- Free cash flow yield
- 9.64%
- Dividend yield
- 4.78%
Profitability & efficiency
- Gross margin
- 21.73%
- Operating margin
- 28.98%
- Net margin
- 25.28%
- Return on equity
- 5.76%
- Return on assets
- 2.74%
- Return on invested capital
- 3.22%
Financial health
- Debt / equity
- 1×
- Current ratio
- 0.94×
Financial statements
Margin trends
Profitability as a percentage of reported revenue.
Income trends
Revenue
Operating income
Net income
| Metric (JPY) | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | 39.34B JPY | 23.78B JPY | 24.53B JPY | 23.21B JPY | 22.21B JPY |
| Cost of goods sold | 32.22B JPY | 12.57B JPY | 12.07B JPY | 11.27B JPY | 10.16B JPY |
| Gross profit | 7.12B JPY | 11.21B JPY | 12.45B JPY | 11.94B JPY | 12.04B JPY |
| Selling, general, and administrative | 1.18B JPY | 1.17B JPY | 1.2B JPY | 1.14B JPY | 1.08B JPY |
| Operating expenses | −2.64B JPY | 1.45B JPY | 1.52B JPY | 1.47B JPY | 1.42B JPY |
| Interest income | 28.5M JPY | 1.97M JPY | 190K JPY | 223K JPY | 184K JPY |
| Interest expense | 1.34B JPY | 1.15B JPY | 865.83M JPY | 844.04M JPY | 837.54M JPY |
| Depreciation and amortization | 3.44B JPY | 3.41B JPY | 3.14B JPY | 3.18B JPY | 3.04B JPY |
| Operating income | 9.76B JPY | 9.76B JPY | 10.93B JPY | 10.47B JPY | 10.62B JPY |
| Net income | 8.44B JPY | 8.58B JPY | 10.05B JPY | 9.59B JPY | 9.77B JPY |
Company facts updated Aug 24, 2026.
Earnings
- EPS beat rate
- 73%
- 8 beats, 3 misses, 0 met estimates
- Average EPS surprise
- +0.69%
- 11 comparable reports
- Latest EPS result
- 3,484
- Estimate 3,515 · Miss by 0.88%
EPS: actual versus estimate
Recent quarterly results
Revenue: actual versus estimate
Recent quarterly results
Corporate actions
Annual dividends per share
Cash distributions grouped by calendar year; partial years are marked.
¥6,244
2025 complete year-12.7% since 2021
2026 partial: ¥3,140
¥7,154
2,021
¥6,841
2,022
¥6,455
2,023
¥5,787
2,024
¥6,244
2,025
¥3,140
2,026*
* Partial calendar year in the available dividend history.
Corporate action history
| Action | Ex-dividend date | Details | Record date | Payment date |
|---|---|---|---|---|
DividendUpcoming | Oct 30, 2026 | ¥3,100Semi-Annual | Oct 31, 2026 | Oct 30, 2026 |
Dividend | Apr 28, 2026 | ¥3,140Semi-Annual | Apr 30, 2026 | Jul 16, 2026 |
Dividend | Oct 30, 2025 | ¥3,140Semi-Annual | Oct 31, 2025 | Jan 23, 2026 |
Dividend | Apr 28, 2025 | ¥3,104Semi-Annual | Apr 30, 2025 | Jul 15, 2025 |
Dividend | Oct 30, 2024 | ¥2,939Semi-Annual | Oct 31, 2024 | Jan 21, 2025 |
Dividend | Apr 26, 2024 | ¥2,848Semi-Annual | Apr 30, 2024 | Jul 16, 2024 |
Ex-dividend Oct 30, 2026
¥3,100
Semi-Annual
Record Oct 31, 2026 · Payment Oct 30, 2026
Ex-dividend Apr 28, 2026
¥3,140
Semi-Annual
Record Apr 30, 2026 · Payment Jul 16, 2026
Ex-dividend Oct 30, 2025
¥3,140
Semi-Annual
Record Oct 31, 2025 · Payment Jan 23, 2026
Ex-dividend Apr 28, 2025
¥3,104
Semi-Annual
Record Apr 30, 2025 · Payment Jul 15, 2025
Ex-dividend Oct 30, 2024
¥2,939
Semi-Annual
Record Oct 31, 2024 · Payment Jan 21, 2025
Ex-dividend Apr 26, 2024
¥2,848
Semi-Annual
Record Apr 30, 2024 · Payment Jul 16, 2024
8956.T peers
ETFs holding 8956.T
Funds reporting this stock among their holdings, ordered by reported position size.
Vanguard Total International Stock ETFVXUS16.31M0.00%646.2B USD0.05%$87.71+0.78%
Vanguard FTSE Developed Markets ETFVEA11.18M0.00%315B USD0.03%$73.42+0.80%
iShares Core MSCI EAFE ETFIEFA8.84M0.00%195.14B USD0.07%$100.85+0.86%
Vanguard Global ex-U.S. Real Estate ETFVNQI4.34M0.11%3.9B USD0.12%$45.71+0.04%
Vanguard FTSE All-World ex-US Small-Cap ETFVSS4.17M0.03%13.6B USD0.06%$160.06+0.43%
iShares MSCI EAFE Small-Cap ETFSCZ4.05M0.03%13.28B USD0.40%$86.60+0.70%
iShares Global REIT ETFREET2.98M0.06%5.06B USD0.14%$28.02-0.21%
iShares Core MSCI Total International Stock ETFIXUS2.36M0.00%60.91B USD0.07%$97.945+0.76%
Vanguard Total International Stock ETFVXUS- Market value
- 16.31M
- Weight
- 0.00%
- AUM
- 646.2B USD
- Expense ratio
- 0.05%
- Price / 1D
- $87.71+0.78%
Vanguard FTSE Developed Markets ETFVEA- Market value
- 11.18M
- Weight
- 0.00%
- AUM
- 315B USD
- Expense ratio
- 0.03%
- Price / 1D
- $73.42+0.80%
iShares Core MSCI EAFE ETFIEFA- Market value
- 8.84M
- Weight
- 0.00%
- AUM
- 195.14B USD
- Expense ratio
- 0.07%
- Price / 1D
- $100.85+0.86%
Vanguard Global ex-U.S. Real Estate ETFVNQI- Market value
- 4.34M
- Weight
- 0.11%
- AUM
- 3.9B USD
- Expense ratio
- 0.12%
- Price / 1D
- $45.71+0.04%
Vanguard FTSE All-World ex-US Small-Cap ETFVSS- Market value
- 4.17M
- Weight
- 0.03%
- AUM
- 13.6B USD
- Expense ratio
- 0.06%
- Price / 1D
- $160.06+0.43%
iShares MSCI EAFE Small-Cap ETFSCZ- Market value
- 4.05M
- Weight
- 0.03%
- AUM
- 13.28B USD
- Expense ratio
- 0.40%
- Price / 1D
- $86.60+0.70%
iShares Global REIT ETFREET- Market value
- 2.98M
- Weight
- 0.06%
- AUM
- 5.06B USD
- Expense ratio
- 0.14%
- Price / 1D
- $28.02-0.21%
iShares Core MSCI Total International Stock ETFIXUS- Market value
- 2.36M
- Weight
- 0.00%
- AUM
- 60.91B USD
- Expense ratio
- 0.07%
- Price / 1D
- $97.945+0.76%
Continue in GoAI
Research 8956.Tresearch.disclaimer





