United Urban Investment Corporation logo

United Urban Investment Corporation

8960.T

JPXReal EstateREIT - Diversified

Latest quote

¥161,500

+¥900 · +0.56%

Aug 24, 1:22 PM JST

8960.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

United Urban debuted as a diversified J-REIT on the Tokyo Stock Exchange in December 2003. It maintains an investment strategy focused on a varied portfolio of real estate assets, encompassing diverse property uses and geographical areas. Since its establishment, the company has consistently striven to bolster its income streams and minimize potential vulnerabilities, with the overarching aim of delivering reliable, long-term returns.

Industry
REIT - Diversified
Sector
Real Estate
Headquarters
JP
CEO
Shuichi Uezono
Listed since
Sep 29, 2005

Market position

Day range

Current ¥161,500

52-week range

Current ¥161,500

Open
¥161,400
Previous close
¥160,600
Volume
1.61K
0.2× average
Average volume
7.89K
Average daily volume
Market cap
516.8B JPY
Beta
0.06
Market reference 1
50-day average
¥161,920
-0.26% below average
200-day average
¥174,499.5
-7.45% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
872.35B JPY
P/E (TTM)
18.82×
P/B (TTM)
1.35×
P/S (TTM)
6.22×
EV / EBITDA
25.21×
Earnings yield
4.27%
Free cash flow yield
-0.18%
Dividend yield
5.41%

Profitability & efficiency

Gross margin
28.29%
Operating margin
36.12%
Net margin
32.37%
Return on equity
6.73%
Return on assets
3.30%
Return on invested capital
3.71%

Financial health

Debt / equity
0.88×
Current ratio
0.8×
Altman Z-score
1.29
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends60%48%36%24%Gross margin, FY2021: 52.85%Gross margin, FY2022: 53.28%Gross margin, FY2023: 45.64%Gross margin, FY2024: 57.19%Gross margin, FY2025: 26.73%Operating margin, FY2021: 40.51%Operating margin, FY2022: 43.57%Operating margin, FY2023: 44.26%Operating margin, FY2024: 48.00%Operating margin, FY2025: 35.36%Net margin, FY2021: 36.53%Net margin, FY2022: 39.69%Net margin, FY2023: 40.27%Net margin, FY2024: 44.01%Net margin, FY2025: 31.77%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 52.85%. Gross margin FY2022 53.28%. Gross margin FY2023 45.64%. Gross margin FY2024 57.19%. Gross margin FY2025 26.73%. Operating margin FY2021 40.51%. Operating margin FY2022 43.57%. Operating margin FY2023 44.26%. Operating margin FY2024 48.00%. Operating margin FY2025 35.36%. Net margin FY2021 36.53%. Net margin FY2022 39.69%. Net margin FY2023 40.27%. Net margin FY2024 44.01%. Net margin FY2025 31.77%.

Income trends

Revenue

75.94B JPY+40.13%

Operating income

26.85B JPY+3.22%

Net income

24.12B JPY+1.15%
Income trends across reported periods81.81B JPY58.31B JPY34.8B JPY11.3B JPYRevenue, FY2021: 47.01B JPYRevenue, FY2022: 48.62B JPYRevenue, FY2023: 50.41B JPYRevenue, FY2024: 54.19B JPYRevenue, FY2025: 75.94B JPYOperating income, FY2021: 19.04B JPYOperating income, FY2022: 21.18B JPYOperating income, FY2023: 22.31B JPYOperating income, FY2024: 26.01B JPYOperating income, FY2025: 26.85B JPYNet income, FY2021: 17.17B JPYNet income, FY2022: 19.29B JPYNet income, FY2023: 20.3B JPYNet income, FY2024: 23.85B JPYNet income, FY2025: 24.12B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 47.01B JPY. Revenue FY2022 48.62B JPY. Revenue FY2023 50.41B JPY. Revenue FY2024 54.19B JPY. Revenue FY2025 75.94B JPY. Operating income FY2021 19.04B JPY. Operating income FY2022 21.18B JPY. Operating income FY2023 22.31B JPY. Operating income FY2024 26.01B JPY. Operating income FY2025 26.85B JPY. Net income FY2021 17.17B JPY. Net income FY2022 19.29B JPY. Net income FY2023 20.3B JPY. Net income FY2024 23.85B JPY. Net income FY2025 24.12B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue75.94B JPY54.19B JPY50.41B JPY48.62B JPY47.01B JPY
Cost of goods sold55.64B JPY23.2B JPY27.4B JPY22.71B JPY22.16B JPY
Gross profit20.3B JPY30.99B JPY23.01B JPY25.91B JPY24.84B JPY
Selling, general, and administrative4.46B JPY175.83M JPY4.2B JPY4.19B JPY
Operating expenses−6.55B JPY4.98B JPY694.02M JPY4.72B JPY5.8B JPY
Interest income50.06M JPY4.02M JPY220K JPY217K JPY196K JPY
Interest expense2.77B JPY2.3B JPY1.97B JPY1.9B JPY1.87B JPY
Depreciation and amortization7.7B JPY8.05B JPY8.14B JPY8.17B JPY8.23B JPY
Operating income26.85B JPY26.01B JPY22.31B JPY21.18B JPY19.04B JPY
Net income24.12B JPY23.85B JPY20.3B JPY19.29B JPY17.17B JPY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
64%
7 beats, 4 misses, 0 met estimates
Average EPS surprise
+0.40%
11 comparable reports
Latest EPS result
4,656.54
Estimate 4,650.05 · Beat by 0.14%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates4,842.84,169.783,496.762,823.74Q3 '23BeatQ1 '24BeatQ3 '24BeatQ1 '25BeatQ3 '25MissQ1 '26MissQ3 '26BeatQ1 '27Estimate
Q3 2023, reported Jul 20, 2023: actual 3,204.6, estimate 3,010, surprise +6.47%, Beat. Q1 2024, reported Jan 20, 2024: actual 3,346.67, estimate 3,321.5, surprise +0.76%, Beat. Q3 2024, reported Jul 19, 2024: actual 3,604.73, estimate 3,604, surprise +0.02%, Beat. Q1 2025, reported Jan 20, 2025: actual 4,122.07, estimate 4,060, surprise +1.53%, Beat. Q3 2025, reported Jul 17, 2025: actual 3,863, estimate 3,880, surprise -0.44%, Miss. Q1 2026, reported Jan 20, 2026: actual 3,954.82, estimate 3,962.52, surprise -0.19%, Miss. Q3 2026, reported Jul 15, 2026: actual 4,656.54, estimate 4,650.05, surprise +0.14%, Beat. Q1 2027, reported Jan 21, 2027: actual —, estimate 4,645, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates33.41B30.08B26.75B23.42BQ3 '23BeatQ1 '24BeatQ3 '24MissQ1 '25BeatQ3 '25BeatQ1 '26MissQ3 '26BeatQ1 '27Estimate
Q3 2023, reported Jul 20, 2023: actual 25.05B JPY, estimate 24.7B JPY, surprise +1.43%, Beat. Q1 2024, reported Jan 20, 2024: actual 25.36B JPY, estimate 25.35B JPY, surprise +0.04%, Beat. Q3 2024, reported Jul 19, 2024: actual 25.98B JPY, estimate 25.98B JPY, surprise -0.00%, Miss. Q1 2025, reported Jan 20, 2025: actual 28.21B JPY, estimate 28.06B JPY, surprise +0.53%, Beat. Q3 2025, reported Jul 17, 2025: actual 27.38B JPY, estimate 27.18B JPY, surprise +0.75%, Beat. Q1 2026, reported Jan 20, 2026: actual 27.78B JPY, estimate 28.17B JPY, surprise -1.39%, Miss. Q3 2026, reported Jul 15, 2026: actual 31.43B JPY, estimate 30.87B JPY, surprise +1.81%, Beat. Q1 2027, reported Jan 21, 2027: actual —, estimate 32.12B JPY, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

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

¥8,121

2025 complete year+30.4% since 2021

2026 partial: ¥4,592

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Nov 27, 2026

¥4,600

Semi-Annual

Record Nov 30, 2026 · Payment Nov 27, 2026

Dividend

Ex-dividend May 28, 2026

¥4,592

Semi-Annual

Record May 31, 2026 · Payment Aug 14, 2026

Dividend

Ex-dividend Nov 27, 2025

¥4,142

Semi-Annual

Record Nov 30, 2025 · Payment Feb 16, 2026

Dividend

Ex-dividend May 29, 2025

¥3,979

Semi-Annual

Record May 31, 2025 · Payment Aug 13, 2025

Dividend

Ex-dividend Nov 28, 2024

¥3,937

Semi-Annual

Record Nov 30, 2024 · Payment Feb 14, 2025

Dividend

Ex-dividend May 30, 2024

¥3,629

Semi-Annual

Record May 31, 2024 · Payment Aug 15, 2024

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