Reported Earnings • Jun 19
First half 2026 earnings released: EPS: JP¥3,484 (vs JP¥3,091 in 1H 2025) First half 2026 results: EPS: JP¥3,484 (up from JP¥3,091 in 1H 2025). Revenue: JP¥13.0b (down 2.5% from 1H 2025). Net income: JP¥5.12b (up 12% from 1H 2025). Profit margin: 39% (up from 34% in 1H 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has remained flat. Announcement • Jun 19
NTT UD REIT Investment Corporation (TSE:8956) agreed to acquire Mirage Palace Namba Curva for ¥1.1 billion. NTT UD REIT Investment Corporation (TSE:8956) agreed to acquire Mirage Palace Namba Curva for ¥1.1 billion on June 17, 2026. A cash consideration of ¥1.05 billion will be paid by NTT UD REIT Investment Corporation. As part of consideration, ¥1.05 billion is paid towards assets of Mirage Palace Namba Curva. The transaction will be financed through cash on hand.
The expected completion of the transaction is July 31, 2026. Buy Or Sell Opportunity • May 28
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.5% to JP¥131,200. The fair value is estimated to be JP¥165,737, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has declined by 6.1%. Buy Or Sell Opportunity • May 13
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.6% to JP¥133,100. The fair value is estimated to be JP¥167,501, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has declined by 6.1%. Upcoming Dividend • Apr 21
Upcoming dividend of JP¥3,140 per share Eligible shareholders must have bought the stock before 28 April 2026. Payment date: 15 July 2026. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (4.9%). Announcement • Apr 03
NTT UD REIT Investment Corporation to Report Fiscal Year 2026 Results on Jun 17, 2026 NTT UD REIT Investment Corporation announced that they will report fiscal year 2026 results on Jun 17, 2026 Declared Dividend • Jan 24
Final dividend of JP¥3,140 announced Shareholders will receive a dividend of JP¥3,140. Ex-date: 28th April 2026 Payment date: 15th July 2026 Dividend yield will be 4.3%, which is about the same as the industry average. Price Target Changed • Jan 16
Price target increased by 9.5% to JP¥149,667 Up from JP¥136,667, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of JP¥146,600. Stock is up 22% over the past year. The company posted earnings per share of JP¥5,736 last year. New Risk • Dec 18
New major risk - Revenue and earnings growth Earnings have declined by 0.7% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Earnings have declined by 0.7% per year over the past 5 years. Minor Risk Dividend is not well covered by earnings (157% payout ratio). Announcement • Dec 18
NTT UD REIT Investment Corporation announces Semi-Annual dividend, payable on July 15, 2026 NTT UD REIT Investment Corporation announced Semi-Annual dividend of JPY 3140.0000 per share payable on July 15, 2026, ex-date on April 28, 2026 and record date on April 30, 2026. Announcement • Dec 17
NTT UD REIT Investment Corporation (TSE:8956) announces an Equity Buyback for 21,000 shares, representing 1.43% for ¥2,000 million. NTT UD REIT Investment Corporation (TSE:8956) announces a share repurchase program. Under the program, the company will repurchase up to 21,000 units, representing 2.9% of its issued share capital (excluding own investment units) for ¥2,000 million. The purpose of the program is to improve capital efficiency and enhance unitholder returns, thereby contributing to the medium- to long-term growth of unitholder value. The repurchased shares will be cancelled. The program will be valid till April 22, 2026. As of December 17, 2025, the company had 1,468,235 units (excluding own investment units) and 0 own units. Upcoming Dividend • Oct 23
Upcoming dividend of JP¥3,140 per share Eligible shareholders must have bought the stock before 30 October 2025. Payment date: 21 January 2026. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (4.7%). Declared Dividend • Aug 15
First half dividend of JP¥3,140 announced Shareholders will receive a dividend of JP¥3,140. Ex-date: 30th October 2025 Payment date: 21st January 2026 Dividend yield will be 4.7%, which is about the same as the industry average. Announcement • Aug 14
NTT UD REIT Investment Corporation announces Semi-Annual dividend, payable on January 21, 2026 NTT UD REIT Investment Corporation announced Semi-Annual dividend of JPY 3140.0000 per share payable on January 21, 2026, ex-date on October 30, 2025 and record date on October 31, 2025. Reported Earnings • Aug 05
Full year 2025 earnings released: FFO per share: JP¥4.1k (vs JP¥7,443 in FY 2024) Full year 2025 results: FFO per share: JP¥4.1k (down from JP¥7,443 in FY 2024). Revenue: JP¥25.6b (up 8.3% from FY 2024). Funds from operations (FFO): JP¥6.10b (down 45% from FY 2024). FFO margin: 24% (down from 47% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 4% per year. Board Change • Jun 21
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 8 non-independent directors. GM of Business Management Dep. & Director Hiroshi Ogasawara was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 09
NTT UD REIT Investment Corporation to Report Fiscal Year 2025 Results on Jun 16, 2025 NTT UD REIT Investment Corporation announced that they will report fiscal year 2025 results on Jun 16, 2025 Announcement • Feb 11
NTT UD REIT Investment Corporation (TSE:8956) announces an Equity Buyback for 189,128 shares, representing 12.8% for ¥770.01 million. NTT UD REIT Investment Corporation (TSE:8956) announces a share repurchase program. Under the program, the company will repurchase up to 189,128 units, representing 12.8% of its issued share capital (excluding own investment units) for ¥770.01 million. As of December 31, 2024, the company had 1,482,035 units (excluding own investment units) and 0 own units. Reported Earnings • Feb 05
Full year 2024 earnings released: FFO per share: JP¥4.0k (vs JP¥3,636 in FY 2023) Full year 2024 results: FFO per share: JP¥4.0k (up from JP¥3,636 in FY 2023). Revenue: JP¥23.8b (down 3.1% from FY 2023). Funds from operations (FFO): JP¥5.89b (up 16% from FY 2023). FFO margin: 25% (up from 21% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 3% per year. Declared Dividend • Jan 22
First half dividend of JP¥3,010 announced Shareholders will receive a dividend of JP¥3,010. Ex-date: 28th April 2025 Payment date: 16th July 2025 Dividend yield will be 5.1%, which is higher than the industry average of 4.5%. Announcement • Dec 17
NTT UD REIT Investment Corporation (TSE:8956) announces an Equity Buyback for 43,000 shares, representing 2.9% for ¥3,500 million. NTT UD REIT Investment Corporation (TSE:8956) announces a share repurchase program. Under the program, the company will repurchase up to 43,000 units, representing 2.9% of its issued share capital (excluding own investment units) for ¥3,500 million. The purpose of the program is to improve capital efficiency and a return to unitholders, and to improve unitholder value over the medium to long term. The repurchased shares will be cancelled. The program will be valid till April 10, 2025. As of December 16, 2024, the company had 1,482,035 units (excluding own investment units) and 0 own units. Buy Or Sell Opportunity • Nov 06
Now 22% overvalued Over the last 90 days, the stock has fallen 2.7% to JP¥109,900. The fair value is estimated to be JP¥90,167, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Earnings per share has declined by 4.2%. Upcoming Dividend • Oct 23
Upcoming dividend of JP¥2,810 per share Eligible shareholders must have bought the stock before 30 October 2024. Payment date: 22 January 2025. Trailing yield: 5.0%. Within top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (5.3%). Announcement • Aug 21
NTT UD REIT Investment Corporation Announces Board Changes NTT UD REIT Investment Corporation announced that Takeshi Oodera, the current executive director, and Yuji Dai and Masaki Takeuchi, the current supervisory directors, have requested to resign from their positions upon the conclusion of the General Meeting to be held on September 26, 2024 in order to adjust their terms of office. Buy Or Sell Opportunity • Aug 06
Now 22% overvalued Over the last 90 days, the stock has fallen 8.9% to JP¥111,500. The fair value is estimated to be JP¥91,632, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Earnings per share has declined by 4.2%. Declared Dividend • Aug 04
First half dividend of JP¥2,810 announced Shareholders will receive a dividend of JP¥2,810. Ex-date: 30th October 2024 Payment date: 22nd January 2025 Dividend yield will be 5.0%, which is higher than the industry average of 4.5%. Reported Earnings • Aug 02
First half 2024 earnings released: FFO per share: JP¥4.0k (vs JP¥3,636 in 1H 2023) First half 2024 results: FFO per share: JP¥4.0k (up from JP¥3,636 in 1H 2023). Revenue: JP¥11.5b (down 7.0% from 1H 2023). Funds from operations (FFO): JP¥5.89b (up 16% from 1H 2023). FFO margin: 51% (up from 41% in 1H 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings. Reported Earnings • Jun 16
First half 2024 earnings released: EPS: JP¥2,849 (vs JP¥3,572 in 1H 2023) First half 2024 results: EPS: JP¥2,849 (down from JP¥3,572 in 1H 2023). Revenue: JP¥11.5b (down 7.0% from 1H 2023). Net income: JP¥4.22b (down 16% from 1H 2023). Profit margin: 37% (down from 41% in 1H 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Apr 19
Upcoming dividend of JP¥3,216 per share Eligible shareholders must have bought the stock before 26 April 2024. Payment date: 16 July 2024. Trailing yield: 4.9%. Within top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (4.6%). Reported Earnings • Jan 10
Full year 2023 earnings released: FFO per share: JP¥6.9k (vs JP¥7,531 in FY 2022) Full year 2023 results: FFO per share: JP¥6.9k (down from JP¥7,531 in FY 2022). Revenue: JP¥24.5b (up 5.7% from FY 2022). Funds from operations (FFO): JP¥10.2b (down 3.0% from FY 2022). FFO margin: 42% (down from 46% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat and the company’s share price has also remained flat. Announcement • Jan 09
NTT UD REIT Investment Corporation acquire Two Office Buildings in Japan from NTT Urban Development Corporation for ¥18.4 billion. NTT UD REIT Investment Corporation agreed to acquire Two Office Buildings in Japan from NTT Urban Development Corporation for ¥18.4 billion on October 23, 2023.
NTT UD REIT Investment Corporation completed the acquisition of Two Office Buildings in Japan from NTT Urban Development Corporation for ¥18.4 billion on November 8, 2023. New Risk • Dec 21
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Earnings are forecast to decline by an average of 3.4% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (5.7% increase in shares outstanding). New Risk • Nov 04
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (5.5% increase in shares outstanding). Announcement • Nov 04
NTT UD REIT Investment Corporation acquired Two Office Buildings in Japan from NTT Urban Development Corporation for ¥18.4 billion NTT UD REIT Investment Corporation agreed to acquire Two Office Buildings in Japan from NTT Urban Development Corporation for ¥18.4 billion on October 23, 2023. Announcement • Nov 02
NTT UD REIT Investment Corporation to Report Q2, 2024 Results on Dec 15, 2023 NTT UD REIT Investment Corporation announced that they will report Q2, 2024 results on Dec 15, 2023 Buying Opportunity • Oct 24
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 4.8%. The fair value is estimated to be JP¥164,608, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Earnings per share has grown by 5.4%. Revenue is forecast to decline by 7.1% in 2 years. Earnings is forecast to decline by 20% in the next 2 years. Upcoming Dividend • Oct 23
Upcoming dividend of JP¥3,150 per share at 4.4% yield Eligible shareholders must have bought the stock before 30 October 2023. Payment date: 22 January 2024. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (4.5%). Reported Earnings • Aug 03
First half 2023 earnings released: FFO per share: JP¥3.6k (vs JP¥3,720 in 1H 2022) First half 2023 results: FFO per share: JP¥3.6k. Revenue: JP¥12.3b (down 1.9% from 1H 2022). Funds from operations (FFO): JP¥5.10b (flat on 1H 2022). FFO margin: 41% (up from 40% in 1H 2022). The increase in margin was driven by lower expenses. Revenue is forecast to decline by 3.7% p.a. on average during the next 2 years, while revenues in the REITs industry in Japan are expected to remain flat. New Risk • Jun 23
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 11% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Minor Risk Dividend is not well covered by earnings (174% payout ratio). New Risk • Jun 19
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 13% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risk Dividend is not well covered by earnings (174% payout ratio). Reported Earnings • Jun 18
First half 2023 earnings released: EPS: JP¥3,572 (vs JP¥4,055 in 1H 2022) First half 2023 results: EPS: JP¥3,572 (down from JP¥4,055 in 1H 2022). Revenue: JP¥12.3b (down 1.9% from 1H 2022). Net income: JP¥5.01b (down 12% from 1H 2022). Profit margin: 41% (down from 45% in 1H 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 3% per year. Upcoming Dividend • Apr 20
Upcoming dividend of JP¥3,150 per share at 4.0% yield Eligible shareholders must have bought the stock before 27 April 2023. Payment date: 18 July 2023. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.5%). In line with average of industry peers (4.3%). Reported Earnings • Jan 22
Full year 2022 earnings released: FFO per share: JP¥7.5k (vs JP¥3,671 in FY 2021) Full year 2022 results: FFO per share: JP¥7.5k (up from JP¥3,671 in FY 2021). Revenue: JP¥23.2b (up 4.5% from FY 2021). Funds from operations (FFO): JP¥10.6b (up 118% from FY 2021). FFO margin: 46% (up from 22% in FY 2021). The increase in margin was primarily driven by lower expenses. Net asset value (NAV) per share: JP¥98,211 (up 3.0% from FY 2021). The current share price is 35% higher than NAV per share. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Executive Director Takeshi Oodera was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 01
NTT UD REIT Investment Corporation to Report Q2, 2023 Results on Dec 15, 2022 NTT UD REIT Investment Corporation announced that they will report Q2, 2023 results on Dec 15, 2022 Upcoming Dividend • Oct 21
Upcoming dividend of JP¥2,730 per share Eligible shareholders must have bought the stock before 28 October 2022. Payment date: 20 January 2023. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (3.8%). Reported Earnings • Aug 02
First half 2022 earnings released: FFO: JP¥12.6b per share (vs JP¥3,714 in 1H 2021) First half 2022 results: FFO: JP¥12.6b per share (up from JP¥3,714 in 1H 2021). Revenue: JP¥12.6b (up 9.8% from 1H 2021). Funds from operations (FFO): JP¥5.06b (up 3.4% from 1H 2021). FFO margin: 40% (down from 43% in 1H 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Jun 25
NTT UD REIT Investment Corporation Announces Resignation of Yuichi Kato as Executive Director, Effective June 30, 2022 NTT UD REIT Investment Corporation received and accepted a letter of intent from Yuichi Kato, Executive Director of NUD, to resign on June 30, 2022. NUD announces that, with the resignation, Takeshi Oodera, a substitute executive director, will assume the post of executive director effective July 1, 2022. Takeshi Oodera Career History: August 2009: General Manager, Corporate Strategy and Planning Department, NTT Urban Development Corporation. April 2013: General Manager, Internal Audit Office, NTT Urban Development Corporation. July 2018: Director & in charge of Investment Management Department, Premier REIT Advisors Co. Ltd. (currently NTT Urban Development Asset Management Corporation). August 2018: Director & General Manager of Finance Department, Premier REIT Advisors Co. Ltd. (currently NTT Urban Development Asset Management Corporation). June 2019: Executive Director, Premier Investment Corporation (currently NTT UD REIT Investment Corporation). July 2019: Head of Corporate Communications Office, Corporate Strategy and Planning Department, NTT Urban Development Corporation Head of Corporate Communications Office, Corporate Strategy and Planning Department, NTT Urban Solutions Inc. July 2020: Executive Director, General Manager of Corporate Strategy Department, Premier REIT Advisors Co. Ltd. (currently NTT Urban Development Asset Management Corporation). April 2021: Director & General Manager of Corporate Strategy Department, NTT Urban Development Asset Management Corporation (current). Reported Earnings • Jun 18
First half 2022 earnings released: EPS: JP¥4,055 (vs JP¥4,024 in 1H 2021) First half 2022 results: EPS: JP¥4,055 (up from JP¥4,024 in 1H 2021). Revenue: JP¥12.6b (up 9.8% from 1H 2021). Net income: JP¥5.68b (up 7.2% from 1H 2021). Profit margin: 45% (down from 46% in 1H 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • May 02
NTT UD REIT Investment Corporation to Report Fiscal Year 2022 Results on Jun 16, 2022 NTT UD REIT Investment Corporation announced that they will report fiscal year 2022 results on Jun 16, 2022 Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Substitute Executive Director Takeshi Oodera was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 20
Upcoming dividend of JP¥3,975 per share Eligible shareholders must have bought the stock before 27 April 2022. Payment date: 15 July 2022. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (3.7%). Upcoming Dividend • Oct 21
Upcoming dividend of JP¥3,130 per share Eligible shareholders must have bought the stock before 28 October 2021. Payment date: 21 January 2022. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.0%). In line with average of industry peers (3.4%). Price Target Changed • Jun 22
Price target increased to JP¥154,333 Up from JP¥137,500, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of JP¥159,400. Stock is up 35% over the past year. Reported Earnings • Jun 20
First half 2021 earnings released: EPS JP¥4,024 (vs JP¥2,872 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: JP¥11.5b (up 24% from 1H 2020). Net income: JP¥5.30b (up 40% from 1H 2020). Profit margin: 46% (up from 41% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 17
NTT UD REIT Investment Corporation Provides Earnings Guidance for the Periods Ending October 31, 2021 and April 30, 2022 NTT UD REIT Investment Corporation provided earnings guidance for the periods ending October 31, 2021 and April 30, 2022. For the period ending October 31, 2021, the company expects operating revenues of JPY 10,771 million, operating income of JPY 5,024 million and net income of JPY 4,580 million.
For the period ending April 30, 2022, the company expects operating revenues of JPY 9,614 million, operating income of JPY 4,001 million and net income of JPY 3,569 million. Upcoming Dividend • Apr 21
Upcoming dividend of JP¥3,890 per share Eligible shareholders must have bought the stock before 28 April 2021. Payment date: 09 July 2021. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (2.8%). Higher than average of industry peers (3.5%). Announcement • Feb 24
Premier Investment Corporation, Annual General Meeting, Mar 25, 2021 Premier Investment Corporation, Annual General Meeting, Mar 25, 2021. Is New 90 Day High Low • Feb 24
New 90-day high: JP¥144,700 The company is up 21% from its price of JP¥119,700 on 26 November 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is up 16% over the same period. Is New 90 Day High Low • Feb 08
New 90-day high: JP¥134,300 The company is up 11% from its price of JP¥121,300 on 10 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the REITs industry, which is up 8.0% over the same period. Reported Earnings • Jan 29
Full year 2020 earnings released: EPS JP¥5,796 (vs JP¥6,042 in FY 2019) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: JP¥18.7b (down 2.6% from FY 2019). Net income: JP¥7.63b (down 4.1% from FY 2019). Profit margin: 41% (in line with FY 2019). Net asset value (NAV) per share: JP¥94,884 (flat on FY 2019). The current share price is 39% higher than NAV per share. Over the last 3 years on average, earnings per share has increased by 4% per year and the company’s share price has also increased by 4% per year. Is New 90 Day High Low • Jan 22
New 90-day high: JP¥127,900 The company is up 4.0% from its price of JP¥122,400 on 23 October 2020. The Japanese market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is up 6.0% over the same period. Is New 90 Day High Low • Dec 29
New 90-day high: JP¥126,600 The company is up 4.0% from its price of JP¥122,300 on 30 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the REITs industry, which is up 1.0% over the same period. Announcement • Dec 18
Premier Investment Corporation (TSE:8956) acquired Shinagawa Season Terrace acquired ¥12.2 billion. Premier Investment Corporation (TSE:8956) acquired Shinagawa Season Terrace acquired ¥12.2 billion on December 16, 2020. In a related transaction, Premier Investment Corporation sold Urbannet Kojimachi Building for ¥5.5 billion. Premier Investment will acquire the property by using the proceeds to be received from the transfer of Urbannet Kojimachi Building and borrowing funds.
Premier Investment Corporation (TSE:8956) completed the acquisition of Shinagawa Season Terrace on December 16, 2020. Announcement • Dec 17
An unknown buyer agreed to acquire Beneficiary interest in Urbannet Kojimachi Building in Japan from Premier Investment Corporation (TSE:8956) for ¥5.5 billion. An unknown buyer agreed to acquire Beneficiary interest in Urbannet Kojimachi Building in Japan from Premier Investment Corporation (TSE:8956) for ¥5.5 billion on December 16, 2020. In a related transaction, Premier Investment Corporation agreed to acquire Shinagawa Season Terrace for ¥12.2 billion on December 16, 2020. Urbannet Kojimachi Building generates a monthly rent of ¥26 million. The transaction is expected to close on December 21, 2020. The proceeds from the sale will be used to pay for the acquisition of property. Price Target Changed • Dec 01
Price target lowered to JP¥135,500 Down from JP¥159,750, the current price target is provided by 1 analyst. The new target price is 13% above the current share price of JP¥120,300. As of last close, the stock is down 25% over the past year. 