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Japan Hotel REIT Investment Corporation logo

Japan Hotel REIT Investment Corporation

8985.T

JPXReal EstateREIT - Hotel & Motel

Open in GoAI

Latest quote

¥81,300

+¥500 · +0.62%

Aug 24, 11:30 AM JST

8985.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Japan Hotel REIT Investment Corporation (JHR) is a Japanese real estate investment trust that concentrates solely on hotel properties. Its fundamental approach to asset management is to ensure sustained growth and dependable income streams over the medium to long term.

Industry
REIT - Hotel & Motel
Sector
Real Estate
Headquarters
JP
CEO
Hiroyuki Aoki
Listed since
Jun 15, 2006

Market position

Day range

Current ¥81,300

52-week range

Current ¥81,300

Open
¥81,000
Previous close
¥80,800
Volume
18.95K
0.82× average
Average volume
23K
Average daily volume
Market cap
483.14B JPY
Beta
0.1
Market reference 1
50-day average
¥79,774
+1.91% above average
200-day average
¥81,216
+0.10% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
644.33B JPY
P/E (TTM)
15.27×
P/B (TTM)
1.41×
P/S (TTM)
9.65×
EV / EBITDA
16.86×
Earnings yield
6.51%
Free cash flow yield
-9.31%
Dividend yield
6.23%

Profitability & efficiency

Gross margin
48.84%
Operating margin
61.42%
Net margin
54.19%
Return on equity
9.26%
Return on assets
4.71%
Return on invested capital
5.34%

Financial health

Debt / equity
0.92×
Current ratio
1.39×
Altman Z-score
1.57
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 trends70%48%26%4%Gross margin, FY2021: 35.23%Gross margin, FY2022: 41.01%Gross margin, FY2023: 57.94%Gross margin, FY2024: 63.45%Gross margin, FY2025: 51.15%Operating margin, FY2021: 21.71%Operating margin, FY2022: 28.81%Operating margin, FY2023: 56.50%Operating margin, FY2024: 62.06%Operating margin, FY2025: 64.33%Net margin, FY2021: 9.51%Net margin, FY2022: 17.92%Net margin, FY2023: 49.42%Net margin, FY2024: 54.57%Net margin, FY2025: 56.76%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 35.23%. Gross margin FY2022 41.01%. Gross margin FY2023 57.94%. Gross margin FY2024 63.45%. Gross margin FY2025 51.15%. Operating margin FY2021 21.71%. Operating margin FY2022 28.81%. Operating margin FY2023 56.50%. Operating margin FY2024 62.06%. Operating margin FY2025 64.33%. Net margin FY2021 9.51%. Net margin FY2022 17.92%. Net margin FY2023 49.42%. Net margin FY2024 54.57%. Net margin FY2025 56.76%.

Income trends

Revenue

47.83B JPY+42.85%

Operating income

30.77B JPY+48.06%

Net income

27.15B JPY+48.56%
Income trends across reported periods52.48B JPY33.87B JPY15.26B JPY−3.36B JPYRevenue, FY2021: 13.63B JPYRevenue, FY2022: 14.91B JPYRevenue, FY2023: 26.57B JPYRevenue, FY2024: 33.48B JPYRevenue, FY2025: 47.83B JPYOperating income, FY2021: 2.96B JPYOperating income, FY2022: 4.3B JPYOperating income, FY2023: 15.01B JPYOperating income, FY2024: 20.78B JPYOperating income, FY2025: 30.77B JPYNet income, FY2021: 1.3B JPYNet income, FY2022: 2.67B JPYNet income, FY2023: 13.13B JPYNet income, FY2024: 18.27B JPYNet income, FY2025: 27.15B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 13.63B JPY. Revenue FY2022 14.91B JPY. Revenue FY2023 26.57B JPY. Revenue FY2024 33.48B JPY. Revenue FY2025 47.83B JPY. Operating income FY2021 2.96B JPY. Operating income FY2022 4.3B JPY. Operating income FY2023 15.01B JPY. Operating income FY2024 20.78B JPY. Operating income FY2025 30.77B JPY. Net income FY2021 1.3B JPY. Net income FY2022 2.67B JPY. Net income FY2023 13.13B JPY. Net income FY2024 18.27B JPY. Net income FY2025 27.15B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue47.83B JPY33.48B JPY26.57B JPY14.91B JPY13.63B JPY
Cost of goods sold23.36B JPY12.24B JPY11.18B JPY8.8B JPY8.83B JPY
Gross profit24.47B JPY21.24B JPY15.4B JPY6.12B JPY4.8B JPY
Selling, general, and administrative2.64B JPY17.4M JPY134M JPY1.61B JPY1.57B JPY
Operating expenses−6.3B JPY464.32M JPY381.8M JPY1.82B JPY1.84B JPY
Interest income82.64M JPY−25.92M JPY253K JPY270K JPY267K JPY
Interest expense4.3B JPY1.58B JPY1.86B JPY1.16B JPY1.22B JPY
Depreciation and amortization6.77B JPY5.62B JPY5.08B JPY4.79B JPY4.86B JPY
Operating income30.77B JPY20.78B JPY15.01B JPY4.3B JPY2.96B JPY
Net income27.15B JPY18.27B JPY13.13B JPY2.67B JPY1.3B JPY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
55%
6 beats, 5 misses, 0 met estimates
Average EPS surprise
-26.13%
11 comparable reports
Latest EPS result
2,821
Estimate 2,839.67 · Miss by 0.66%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates3,010.552,206.41,402.25598.1Q2 '23MissQ3 '23BeatQ2 '24MissQ3 '24BeatQ1 '25MissQ3 '25BeatQ1 '26MissQ3 '26Estimate
Q2 2023, reported May 25, 2023: actual 703.65, estimate 710.05, surprise -0.90%, Miss. Q3 2023, reported Aug 25, 2023: actual 1,096.21, estimate 889.15, surprise +23.29%, Beat. Q2 2024, reported Apr 25, 2024: actual 1,776.44, estimate 1,798.4, surprise -1.22%, Miss. Q3 2024, reported Aug 22, 2024: actual 1,603.18, estimate 1,581.08, surprise +1.40%, Beat. Q1 2025, reported Feb 25, 2025: actual 2,127.94, estimate 2,272.93, surprise -6.38%, Miss. Q3 2025, reported Aug 25, 2025: actual 2,504.35, estimate 2,192.05, surprise +14.25%, Beat. Q1 2026, reported Feb 25, 2026: actual 2,821, estimate 2,839.67, surprise -0.66%, Miss. Q3 2026, reported Aug 26, 2026: actual —, estimate 1,791.89, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates25.71B19.9B14.09B8.28BQ2 '23BeatQ3 '23BeatQ2 '24MissQ3 '24BeatQ1 '25BeatQ3 '25BeatQ1 '26MissQ3 '26Estimate
Q2 2023, reported May 25, 2023: actual 9.48B JPY, estimate 9.48B JPY, surprise +0.01%, Beat. Q3 2023, reported Aug 25, 2023: actual 11.29B JPY, estimate 9.78B JPY, surprise +15.38%, Beat. Q2 2024, reported Apr 25, 2024: actual 15.29B JPY, estimate 15.32B JPY, surprise -0.22%, Miss. Q3 2024, reported Aug 22, 2024: actual 14.36B JPY, estimate 14.15B JPY, surprise +1.48%, Beat. Q1 2025, reported Feb 25, 2025: actual 19.12B JPY, estimate 18.71B JPY, surprise +2.17%, Beat. Q3 2025, reported Aug 25, 2025: actual 23.75B JPY, estimate 19.83B JPY, surprise +19.73%, Beat. Q1 2026, reported Feb 25, 2026: actual 24.08B JPY, estimate 24.51B JPY, surprise -1.73%, Miss. Q3 2026, reported Aug 26, 2026: actual —, estimate 21.7B JPY, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

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

¥5,061

2025 complete year+1282.8% since 2021

Corporate action history

DividendUpcoming

Ex-dividend Dec 29, 2026

¥5,580

Annual

Record Dec 31, 2026 · Payment Dec 29, 2026

Dividend

Ex-dividend Dec 29, 2025

¥5,061

Annual

Record Dec 31, 2025 · Payment Mar 19, 2026

Dividend

Ex-dividend Dec 27, 2024

¥3,937

Annual

Record Dec 31, 2024 · Payment Mar 19, 2025

Dividend

Ex-dividend Dec 28, 2023

¥3,015

Annual

Record Dec 31, 2023 · Payment Mar 19, 2024

Dividend

Ex-dividend Dec 29, 2022

¥682

Annual

Record Dec 31, 2022 · Payment Mar 20, 2023

Dividend

Ex-dividend Dec 29, 2021

¥366

Annual

Record Dec 31, 2021 · Payment Mar 18, 2022

8985.T peers

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ETFs holding 8985.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
41.59M
Weight
0.01%
AUM
646.2B USD
Expense ratio
0.05%
Price / 1D
$87.71+0.78%
Vanguard FTSE Developed Markets ETF logoVanguard FTSE Developed Markets ETFVEA
Market value
28M
Weight
0.01%
AUM
315B USD
Expense ratio
0.03%
Price / 1D
$73.42+0.80%
iShares Core MSCI EAFE ETF logoiShares Core MSCI EAFE ETFIEFA
Market value
20.43M
Weight
0.01%
AUM
195.14B USD
Expense ratio
0.07%
Price / 1D
$100.85+0.86%
Vanguard Global ex-U.S. Real Estate ETF logoVanguard Global ex-U.S. Real Estate ETFVNQI
Market value
10.99M
Weight
0.28%
AUM
3.9B USD
Expense ratio
0.12%
Price / 1D
$45.71+0.04%
iShares MSCI EAFE Small-Cap ETF logoiShares MSCI EAFE Small-Cap ETFSCZ
Market value
10.93M
Weight
0.08%
AUM
13.28B USD
Expense ratio
0.40%
Price / 1D
$86.60+0.70%
iShares Global REIT ETF logoiShares Global REIT ETFREET
Market value
7.83M
Weight
0.15%
AUM
5.06B USD
Expense ratio
0.14%
Price / 1D
$28.02-0.21%
Vanguard FTSE All-World ex-US ETF logoVanguard FTSE All-World ex-US ETFVEU
Market value
6.63M
Weight
0.01%
AUM
95.9B USD
Expense ratio
0.04%
Price / 1D
$85.69+0.82%
Dimensional - Global Real Estate ETF logoDimensional - Global Real Estate ETFDFGR
Market value
6.2M
Weight
0.16%
AUM
3.85B USD
Expense ratio
0.22%
Price / 1D
$29.46-0.20%

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