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KDX Realty Investment Corporation logo

KDX Realty Investment Corporation

8972.T

JPXReal EstateREIT - Diversified

Open in GoAI

Latest quote

¥150,900

+¥1,000 · +0.67%

Aug 24, 3:30 PM JST

8972.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Operating as a real estate investment trust (REIT), KDX Realty Investment Corporation specializes in acquiring various property types. The company's portfolio primarily comprises office, residential, and retail structures strategically situated across Tokyo and other key economic zones. Notable holdings include the KDX Nihonbashi 313 Building, Higashi-Kayabacho Yuraku Building, Harajuku FF Building, Ark Mori Building, Ginza 4-chome Tower, and the Portas Center Building, among others. Kenedix Real Estate Fund Management Inc. manages the assets for KDX Realty. This Tokyo-headquartered firm was established on May 6, 2005.

Industry
REIT - Diversified
Sector
Real Estate
Headquarters
JP
CEO
Akihiro Asano
Listed since
Sep 29, 2005
Employees
33

Market position

Day range

Current ¥150,900

52-week range

Current ¥150,900

Open
¥150,200
Previous close
¥149,900
Volume
6.89K
0.61× average
Average volume
11.36K
Average daily volume
Market cap
609.51B JPY
Beta
0.26
Market reference 1
50-day average
¥154,838
-2.54% below average
200-day average
¥165,041
-8.57% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.21T JPY
P/E (TTM)
17.92×
P/B (TTM)
0.96×
P/S (TTM)
6.23×
EV / EBITDA
24.62×
Earnings yield
4.90%
Free cash flow yield
6.65%
Dividend yield
5.48%

Profitability & efficiency

Gross margin
37.14%
Operating margin
40.66%
Net margin
34.76%
Return on equity
5.35%
Return on assets
2.70%
Return on invested capital
3.16%

Financial health

Debt / equity
0.92×
Current ratio
0.69×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends66%55%43%32%Gross margin, FY2022: 54.89%Gross margin, FY2023: 53.30%Gross margin, FY2024: 46.22%Gross margin, FY2025: 60.64%Gross margin, FY2026: 59.29%Operating margin, FY2022: 47.40%Operating margin, FY2023: 46.05%Operating margin, FY2024: 39.59%Operating margin, FY2025: 47.16%Operating margin, FY2026: 49.81%Net margin, FY2022: 41.26%Net margin, FY2023: 40.26%Net margin, FY2024: 34.85%Net margin, FY2025: 63.28%Net margin, FY2026: 42.97%FY2022FY2023FY2024FY2025FY2026
Gross margin FY2022 54.89%. Gross margin FY2023 53.30%. Gross margin FY2024 46.22%. Gross margin FY2025 60.64%. Gross margin FY2026 59.29%. Operating margin FY2022 47.40%. Operating margin FY2023 46.05%. Operating margin FY2024 39.59%. Operating margin FY2025 47.16%. Operating margin FY2026 49.81%. Net margin FY2022 41.26%. Net margin FY2023 40.26%. Net margin FY2024 34.85%. Net margin FY2025 63.28%. Net margin FY2026 42.97%.

Income trends

Revenue

78.72B JPY+0.85%

Operating income

39.21B JPY+6.52%

Net income

33.83B JPY-31.51%
Income trends across reported periods85.3B JPY58.98B JPY32.67B JPY6.35B JPYRevenue, FY2022: 31.33B JPYRevenue, FY2023: 32.16B JPYRevenue, FY2024: 39.54B JPYRevenue, FY2025: 78.06B JPYRevenue, FY2026: 78.72B JPYOperating income, FY2022: 14.85B JPYOperating income, FY2023: 14.81B JPYOperating income, FY2024: 15.65B JPYOperating income, FY2025: 36.81B JPYOperating income, FY2026: 39.21B JPYNet income, FY2022: 12.93B JPYNet income, FY2023: 12.95B JPYNet income, FY2024: 13.78B JPYNet income, FY2025: 49.4B JPYNet income, FY2026: 33.83B JPYFY2022FY2023FY2024FY2025FY2026
Revenue FY2022 31.33B JPY. Revenue FY2023 32.16B JPY. Revenue FY2024 39.54B JPY. Revenue FY2025 78.06B JPY. Revenue FY2026 78.72B JPY. Operating income FY2022 14.85B JPY. Operating income FY2023 14.81B JPY. Operating income FY2024 15.65B JPY. Operating income FY2025 36.81B JPY. Operating income FY2026 39.21B JPY. Net income FY2022 12.93B JPY. Net income FY2023 12.95B JPY. Net income FY2024 13.78B JPY. Net income FY2025 49.4B JPY. Net income FY2026 33.83B JPY.
Metric (JPY)FY2026FY2025FY2024FY2023FY2022
Revenue78.72B JPY78.06B JPY39.54B JPY32.16B JPY31.33B JPY
Cost of goods sold32.05B JPY30.72B JPY21.26B JPY15.02B JPY14.13B JPY
Gross profit46.67B JPY47.34B JPY18.27B JPY17.14B JPY17.2B JPY
Selling, general, and administrative6.32B JPY5.58B JPY2.31B JPY2.13B JPY2.17B JPY
Operating expenses7.46B JPY10.52B JPY2.62B JPY2.33B JPY2.35B JPY
Interest income36.8M JPY3.07M JPY−279.37M JPY93K JPY94K JPY
Interest expense5.01B JPY4.4B JPY1.53B JPY1.53B JPY1.62B JPY
Depreciation and amortization10.14B JPY9.87B JPY5.43B JPY5.22B JPY5.12B JPY
Operating income39.21B JPY36.81B JPY15.65B JPY14.81B JPY14.85B JPY
Net income33.83B JPY49.4B JPY13.78B JPY12.95B JPY12.93B JPY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
100%
10 beats, 0 misses, 0 met estimates
Average EPS surprise
+2.37%
10 comparable reports
Latest EPS result
4,349.3
Estimate 4,021.33 · Beat by 8.16%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates8,309.386,075.583,841.791,607.99Q4 '22No estimateQ2 '23BeatQ4 '23BeatQ4 '24BeatQ2 '25BeatQ4 '25BeatQ2 '26BeatQ2 '27Estimate
Q4 2022, reported Dec 14, 2022: actual 1,891.75, estimate —, surprise —, Comparison unavailable. Q2 2023, reported Jun 13, 2023: actual 4,246.5, estimate 4,065, surprise +4.46%, Beat. Q4 2023, reported Dec 15, 2023: actual 7,834, estimate 7,800, surprise +0.44%, Beat. Q4 2024, reported Dec 16, 2024: actual 4,169, estimate 4,140, surprise +0.70%, Beat. Q2 2025, reported Jun 17, 2025: actual 4,153, estimate 4,080, surprise +1.79%, Beat. Q4 2025, reported Dec 17, 2025: actual 4,202, estimate 4,085, surprise +2.86%, Beat. Q2 2026, reported Jun 17, 2026: actual 4,349.3, estimate 4,021.33, surprise +8.16%, Beat. Q2 2027, reported Jun 22, 2027: actual —, estimate 4,076.33, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates42.99B33.79B24.59B15.39BQ4 '22No estimateQ2 '23MissQ4 '23BeatQ4 '24BeatQ2 '25MissQ4 '25BeatQ2 '26BeatQ2 '27Estimate
Q4 2022, reported Dec 14, 2022: actual 17.69B JPY, estimate —, surprise —, Comparison unavailable. Q2 2023, reported Jun 13, 2023: actual 17.29B JPY, estimate 17.46B JPY, surprise -0.97%, Miss. Q4 2023, reported Dec 15, 2023: actual 38.65B JPY, estimate 36.58B JPY, surprise +5.67%, Beat. Q4 2024, reported Dec 16, 2024: actual 39.41B JPY, estimate 38.91B JPY, surprise +1.27%, Beat. Q2 2025, reported Jun 17, 2025: actual 38.85B JPY, estimate 38.99B JPY, surprise -0.37%, Miss. Q4 2025, reported Dec 17, 2025: actual 39.88B JPY, estimate 39.84B JPY, surprise +0.09%, Beat. Q2 2026, reported Jun 17, 2026: actual 41.09B JPY, estimate 38.95B JPY, surprise +5.49%, Beat. Q2 2027, reported Jun 22, 2027: actual —, estimate 40.58B JPY, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

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

¥8,150

2025 complete year+10.9% since 2021

2026 partial: ¥4,166

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Oct 29, 2026

¥4,227

Semi-Annual

Record Oct 31, 2026 · Payment Oct 29, 2026

Dividend

Ex-dividend Apr 28, 2026

¥4,166

Semi-Annual

Record Apr 30, 2026 · Payment Jul 17, 2026

Dividend

Ex-dividend Oct 30, 2025

¥4,105

Semi-Annual

Record Oct 31, 2025 · Payment Jan 21, 2026

Dividend

Ex-dividend Apr 28, 2025

¥4,045

Semi-Annual

Record Apr 30, 2025 · Payment Jul 18, 2025

Dividend

Ex-dividend Oct 30, 2024

¥4,030

Semi-Annual

Record Oct 31, 2024 · Payment Jan 21, 2025

Dividend

Ex-dividend Apr 26, 2024

¥3,927

Semi-Annual

Record Apr 30, 2024 · Payment Jul 17, 2024

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ETFs holding 8972.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
52.19M
Weight
0.01%
AUM
646.2B USD
Expense ratio
0.05%
Price / 1D
$87.145-0.64%
Vanguard FTSE Developed Markets ETF logoVanguard FTSE Developed Markets ETFVEA
Market value
35.44M
Weight
0.01%
AUM
315B USD
Expense ratio
0.03%
Price / 1D
$73.05-0.50%
iShares Core MSCI EAFE ETF logoiShares Core MSCI EAFE ETFIEFA
Market value
29.26M
Weight
0.02%
AUM
195.14B USD
Expense ratio
0.07%
Price / 1D
$100.62-0.23%
Vanguard Global ex-U.S. Real Estate ETF logoVanguard Global ex-U.S. Real Estate ETFVNQI
Market value
14.41M
Weight
0.37%
AUM
3.9B USD
Expense ratio
0.12%
Price / 1D
$45.765+0.12%
iShares MSCI EAFE Small-Cap ETF logoiShares MSCI EAFE Small-Cap ETFSCZ
Market value
13.4M
Weight
0.10%
AUM
13.28B USD
Expense ratio
0.40%
Price / 1D
$86.50-0.12%
iShares Global REIT ETF logoiShares Global REIT ETFREET
Market value
9.52M
Weight
0.19%
AUM
5.06B USD
Expense ratio
0.14%
Price / 1D
$28.065+0.16%
Vanguard FTSE All-World ex-US ETF logoVanguard FTSE All-World ex-US ETFVEU
Market value
8.31M
Weight
0.01%
AUM
95.9B USD
Expense ratio
0.04%
Price / 1D
$85.145-0.64%
Dimensional - Global Real Estate ETF logoDimensional - Global Real Estate ETFDFGR
Market value
7.71M
Weight
0.20%
AUM
3.85B USD
Expense ratio
0.22%
Price / 1D
$29.53+0.24%

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