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Ichigo Office REIT Investment Corp

8975
Current price
78 200 JPY +394.51 JPY (+0.51%)
Last closed 78 100 JPY
ISIN JP3046300004
Sector Real Estate
Industry REIT - Office
Exchange Tokyo Stock Exchange
Capitalization 119 675 199 259 JPY
Yield for 12 month -7.13 %
1Y
3Y
5Y
10Y
15Y
8975
21.11.2021 - 28.11.2021

Ichigo Office (8975) is a specialized office REIT that focuses on mid-size offices, an asset class that offers both return stability and upside potential. Ichigo Office seeks to drive higher earnings and sustainable growth for its shareholders by increasing the value of its assets through a broad array of value-add activities, including tailored tenant services, structural building improvements, and targeted tenant leasing. Ichigo Office is managed by Ichigo Investment Advisors, the asset management subsidiary of Ichigo, a major Japanese real estate owner/operator. Ichigo Investment Advisors works to grow value on behalf of shareholders by deploying its deep experience and know-how in developing, operating, and managing Japanese real estate. The mid-size offices in which we invest produce stable cashflows, supporting stable dividends for shareholders. Also, this economically-sensitive asset class provides upside for shareholders via the possibility of higher rent income as the Japanese economy shows signs of emerging from multiple decades of deflation. Furthermore, because the market for mid-size offices in Japan is relatively inefficient and has less participation by other major real estate companies, who tend to focus on larger assets, there is a significant opportunity to add value and increase the profitability of the assets we acquire. Address: Marunouchi Park Building 20F, Tokyo, Japan, 100-6920

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Analytics

WallStreet Target Price

13 812 986.07 JPY

P/E ratio

18.4093

Dividend Yield

6.03 %

Current Year

+20 000 609 491 JPY

Last Year

+16 236 999 991 JPY

Current Quarter

+7 951 062 682 JPY

Last Quarter

+9 272 251 187 JPY

Current Year

+13 738 796 603 JPY

Last Year

+10 212 348 666 JPY

Current Quarter

+4 175 626 489 JPY

Last Quarter

+4 097 233 549 JPY

Key Figures 8975

1 year
3 years
5 years
10 years
21.11.2021 - 28.11.2021
EBITDA 10 006 436 708 JPY
Operating Margin TTM 50.52 %
PE Ratio 18.4093
Return On Assets TTM 2.19 %
PEG Ratio
Return On Equity TTM 6.41 %
Wall Street Target Price 13 812 986.07 JPY
Revenue TTM 15 901 501 972 JPY
Book Value 66 694.04 JPY
Revenue Per Share TTM
Dividend Share
Quarterly Revenue Growth YOY 42.7 %
Dividend Yield 6.03 %
Gross Profit TTM 8 333 291 957 JPY
Earnings per share 4 180.77 JPY
Diluted Eps TTM 4 180.77 JPY
Most Recent Quarter II 2024
Quarterly Earnings Growth YOY 73.1 %
Profit Margin 41.19 %

Dividend Analytics 8975

Dividend growth over 5 years

59 %

Continuous growth

2 years

Payout Ratio 5 years average

103 %

Dividend History 8975

1 year
3 years
5 years
10 years
21.11.2021 - 28.11.2021
Forward Annual Dividend Rate 4882
Ex Dividend Date 30.10.2024
Forward Annual Dividend Yield 6.28 %
Last Split Factor 3:1
Payout Ratio 101.71 %
Last Split Date 01.11.2011
Dividend Date

Stock Valuation 8975

1 year
3 years
5 years
10 years
21.11.2021 - 28.11.2021
Trailing PE 18.4093
Forward PE
Enterprise Value Revenue 14.2274
Price Sales TTM 7.526
Enterprise Value EBITDA 24.2248
Price Book MRQ 1.1831

Financials 8975

1 year
3 years
5 years
10 years
15 years
Results 2019 Dynamics
* The data for this period has not yet been published

Technical indicators 8975

For 52 weeks

70 920.15 JPY 81 946.44 JPY
50 Day MA 80 335.31 JPY
Shares Short Prior Month
200 Day MA 80 304.76 JPY
Short Ratio
Shares Short
Short Percent