Upcoming Dividend • May 21
Upcoming dividend of JP¥4,550 per share Eligible shareholders must have bought the stock before 28 May 2026. Payment date: 13 August 2026. Trailing yield: 5.5%. Within top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (5.3%). Announcement • May 17
United Urban Investment Corporation to Report Fiscal Year 2026 Results on Jul 15, 2026 United Urban Investment Corporation announced that they will report fiscal year 2026 results on Jul 15, 2026 Declared Dividend • Feb 17
Final dividend of JP¥4,550 announced Shareholders will receive a dividend of JP¥4,550. Ex-date: 28th May 2026 Payment date: 13th August 2026 Dividend yield will be 4.8%, which is higher than the industry average of 4.5%. Announcement • Jan 21
United Urban Investment Corporation announces Semi-Annual dividend, payable on August 13, 2026 United Urban Investment Corporation announced Semi-Annual dividend of JPY 4550.0000 per share payable on August 13, 2026, ex-date on May 28, 2026 and record date on May 31, 2026. Reported Earnings • Jan 21
Full year 2025 earnings released: EPS: JP¥7,876 (vs JP¥7,699 in FY 2024) Full year 2025 results: EPS: JP¥7,876 (up from JP¥7,699 in FY 2024). Revenue: JP¥55.6b (up 2.5% from FY 2024). Net income: JP¥24.1b (up 1.1% from FY 2024). Profit margin: 43% (in line with FY 2024). Revenue is forecast to grow 6.3% p.a. on average during the next 2 years, while revenues in the REITs industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 7% per year. Buy Or Sell Opportunity • Dec 22
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at JP¥180,400. The fair value is estimated to be JP¥227,174, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.4% over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 5.5% per annum. Earnings are also forecast to grow by 7.4% per annum over the same time period. Upcoming Dividend • Nov 20
Upcoming dividend of JP¥4,100 per share Eligible shareholders must have bought the stock before 27 November 2025. Payment date: 16 February 2026. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (4.6%). Announcement • Nov 19
United Urban Investment Corporation has filed a Follow-on Equity Offering in the amount of ¥22.936 billion. United Urban Investment Corporation has filed a Follow-on Equity Offering in the amount of ¥22.936 billion.
Security Name: Units
Security Type: Common Stock
Securities Offered: 131,000
Price\Range: ¥175083.969466
Security Features: Income Trust Announcement • Nov 18
United Urban Investment Corporation (TSE:8960) agreed to acquire an additional 50% stake in MALera Gifu in Motosu-shi for ¥18.0 billion. United Urban Investment Corporation (TSE:8960) agreed to acquire an additional 50% stake in MALera Gifu in Motosu-shi for ¥18.0 billion on November 17, 2025. A cash consideration of ¥18 billion will be paid by United Urban Investment Corporation. As part of consideration, ¥18 billion is paid towards assets of MALera Gifu in Motosu-shi. Upon completion, United Urban Investment Corporation will own 55% stake in MALera Gifu in Motosu-shi. The transaction will be financed from the offering and cash on hand of ¥18 billion. In a related transactions, United Urban Investment Corporation also agreed to acquire LIMNO Tottori, AEON TOWN Moriya and Kawasaki Robot Service Kobe Tamatsu Facility.
The expected completion of the transaction is December 1, 2025. Announcement • Nov 16
United Urban Investment Corporation to Report Fiscal Year 2025 Results on Jan 20, 2026 United Urban Investment Corporation announced that they will report fiscal year 2025 results on Jan 20, 2026 Declared Dividend • Sep 08
First half dividend of JP¥4,100 announced Shareholders will receive a dividend of JP¥4,100. Ex-date: 27th November 2025 Payment date: 16th February 2026 Dividend yield will be 4.6%, which is about the same as the industry average. Announcement • Sep 06
United Urban Investment Corporation announces Semi-Annual dividend, payable on February 16, 2026 United Urban Investment Corporation announced Semi-Annual dividend of JPY 4100.0000 per share payable on February 16, 2026, ex-date on November 27, 2025 and record date on November 30, 2025. Reported Earnings • Jul 18
First half 2025 earnings released: EPS: JP¥3,864 (vs JP¥3,605 in 1H 2024) First half 2025 results: EPS: JP¥3,864 (up from JP¥3,605 in 1H 2024). Revenue: JP¥27.4b (up 5.4% from 1H 2024). Net income: JP¥11.8b (up 6.0% from 1H 2024). Profit margin: 43% (in line with 1H 2024). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • May 30
United Urban Investment Corporation (TSE:8960) purchase and sale agreement to acquire The b ochanomizu from Tiger 2 GK for ¥2.8 billion. United Urban Investment Corporation (TSE:8960) purchase and sale agreement to acquire The b ochanomizu from Tiger 2 GK for ¥2.8 billion on May 30, 2025. A cash consideration of ¥2.78 billion will be paid by United Urban Investment Corporation. As part of consideration, ¥2.78 billion is paid towards common equity of The b ochanomizu. United Urban plans to acquire the Asset to be Acquired using cash on hand and settle in a lump sum payment upon the delivery of the Asset to be Acquired.
The expected completion of the transaction is June 30, 2025. Upcoming Dividend • May 22
Upcoming dividend of JP¥4,000 per share Eligible shareholders must have bought the stock before 29 May 2025. Payment date: 15 August 2025. Trailing yield: 5.0%. Within top quartile of Japanese dividend payers (4.0%). In line with average of industry peers (5.2%). Announcement • May 18
United Urban Investment Corporation to Report Fiscal Year 2025 Results on Jul 17, 2025 United Urban Investment Corporation announced that they will report fiscal year 2025 results on Jul 17, 2025 Buy Or Sell Opportunity • Apr 02
Now 20% undervalued Over the last 90 days, the stock has risen 4.6% to JP¥147,300. The fair value is estimated to be JP¥184,474, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 5.9% in 2 years. Earnings are forecast to grow by 9.1% in the next 2 years. Buy Or Sell Opportunity • Mar 07
Now 21% undervalued Over the last 90 days, the stock has risen 3.3% to JP¥143,500. The fair value is estimated to be JP¥181,628, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 5.9% in 2 years. Earnings are forecast to grow by 9.1% in the next 2 years. Reported Earnings • Jan 23
Full year 2024 earnings released: EPS: JP¥7,699 (vs JP¥6,551 in FY 2023) Full year 2024 results: EPS: JP¥7,699 (up from JP¥6,551 in FY 2023). Revenue: JP¥54.2b (up 7.5% from FY 2023). Net income: JP¥23.8b (up 18% from FY 2023). Profit margin: 44% (up from 40% in FY 2023). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Jan 21
United Urban Investment Corporation (TSE:8960) agreed to acquire MALera Gifu in Motosu-shi for ¥1.8 billion. United Urban Investment Corporation (TSE:8960) agreed to acquire MALera Gifu in Motosu-shi for ¥1.8 billion on January 21, 2025.
The expected completion of the transaction is January 31, 2025. New Risk • Dec 02
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.3% 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 (8.8% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Upcoming Dividend • Nov 21
Upcoming dividend of JP¥3,830 per share Eligible shareholders must have bought the stock before 28 November 2024. Payment date: 17 February 2025. Trailing yield: 5.3%. Within top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (5.3%). Reported Earnings • Sep 01
First half 2024 earnings released: FFO per share: JP¥4.9k (vs JP¥4,519 in 1H 2023) First half 2024 results: FFO per share: JP¥4.9k (up from JP¥4,519 in 1H 2023). Revenue: JP¥26.0b (up 3.7% from 1H 2023). Funds from operations (FFO): JP¥15.1b (up 7.5% from 1H 2023). FFO margin: 58% (up from 56% in 1H 2023). The increase in margin was primarily 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 fallen by 2% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Aug 06
Now 23% overvalued Over the last 90 days, the stock has fallen 10% to JP¥135,400. The fair value is estimated to be JP¥109,681, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.0% over the last 3 years. Earnings per share has grown by 6.5%. Reported Earnings • Jul 21
First half 2024 earnings released: EPS: JP¥3,605 (vs JP¥3,205 in 1H 2023) First half 2024 results: EPS: JP¥3,605 (up from JP¥3,205 in 1H 2023). Revenue: JP¥26.0b (up 3.7% from 1H 2023). Net income: JP¥11.2b (up 13% from 1H 2023). Profit margin: 43% (up from 40% in 1H 2023). The increase in margin was primarily 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 fallen by 3% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jul 09
Now 20% overvalued Over the last 90 days, the stock has fallen 4.0% to JP¥145,000. The fair value is estimated to be JP¥120,565, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Upcoming Dividend • May 23
Upcoming dividend of JP¥3,500 per share Eligible shareholders must have bought the stock before 30 May 2024. Payment date: 14 August 2024. Trailing yield: 4.6%. Within top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (4.7%). Buy Or Sell Opportunity • Apr 09
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 3.8% to JP¥153,100. The fair value is estimated to be JP¥127,417, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Announcement • Mar 29
An undisclosed buyer agreed to acquire Kawasaki Toshiba Building from United Urban Investment Corporation (TSE:8960) for ¥19 billion. An undisclosed buyer agreed to acquire Kawasaki Toshiba Building from United Urban Investment Corporation (TSE:8960) for ¥19 billion on March 27, 2024. The transaction is expected to close on June 28, 2024. Kawasaki Toshiba Building generates annual revenue of ¥1.7 billion. Buy Or Sell Opportunity • Mar 21
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 7.0% to JP¥153,000. The fair value is estimated to be JP¥126,639, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Reported Earnings • Jan 21
Full year 2023 earnings released Full year 2023 results: Revenue: JP¥50.4b (up 3.7% from FY 2022). Net income: JP¥20.3b (up 5.2% from FY 2022). Profit margin: 40% (in line with FY 2022). Upcoming Dividend • Nov 22
Upcoming dividend of JP¥3,300 per share at 4.4% yield Eligible shareholders must have bought the stock before 29 November 2023. Payment date: 15 February 2024. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (4.4%). Announcement • Jun 21
United Urban Investment Corporation to Report Second Half, 2023 Results on Jul 19, 2023 United Urban Investment Corporation announced that they will report second half, 2023 results on Jul 19, 2023 Upcoming Dividend • May 23
Upcoming dividend of JP¥3,154 per share at 4.1% yield Eligible shareholders must have bought the stock before 30 May 2023. Payment date: 15 August 2023. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.5%). In line with average of industry peers (4.2%). Reported Earnings • Jan 22
Full year 2022 earnings released: FFO per share: JP¥8.3k (vs JP¥7,909 in FY 2021) Full year 2022 results: FFO per share: JP¥8.3k (up from JP¥7,909 in FY 2021). Revenue: JP¥48.6b (up 3.4% from FY 2021). Funds from operations (FFO): JP¥26.1b (up 5.9% from FY 2021). FFO margin: 54% (up from 53% in FY 2021). Net asset value (NAV) per share: JP¥116,291 (flat on FY 2021). The current share price is 28% higher than NAV per share. 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 9% per year. Announcement • Dec 21
United Urban Investment Corporation to Report First Half, 2023 Results on Jan 19, 2023 United Urban Investment Corporation announced that they will report first half, 2023 results on Jan 19, 2023 Upcoming Dividend • Nov 22
Upcoming dividend of JP¥3,100 per share Eligible shareholders must have bought the stock before 29 November 2022. Payment date: 15 February 2023. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (3.7%). Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Director Ikuo Yoshida was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Jul 21
First half 2022 earnings released: EPS: JP¥3,088 (vs JP¥3,158 in 1H 2021) First half 2022 results: EPS: JP¥3,088 (down from JP¥3,158 in 1H 2021). Revenue: JP¥24.2b (flat on 1H 2021). Net income: JP¥9.63b (down 2.2% from 1H 2021). Profit margin: 40% (in line with 1H 2021). Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 9% per year. Upcoming Dividend • May 23
Upcoming dividend of JP¥3,100 per share Eligible shareholders must have bought the stock before 30 May 2022. Payment date: 12 August 2022. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.7%). Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Director Ikuo Yoshida was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Jan 20
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: JP¥5,507 (down from JP¥6,184 in FY 2020). Revenue: JP¥47.0b (down 1.1% from FY 2020). Net income: JP¥17.2b (down 11% from FY 2020). Profit margin: 37% (down from 41% in FY 2020). The decrease in margin was primarily driven by higher expenses. Net asset value (NAV) per share: JP¥116,490 (flat on FY 2020). The current share price is 8.3% higher than NAV per share. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 9% per year. Upcoming Dividend • Nov 22
Upcoming dividend of JP¥3,100 per share Eligible shareholders must have bought the stock before 29 November 2021. Payment date: 15 February 2022. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (3.5%). Reported Earnings • Sep 03
First half 2021 earnings released: EPS JP¥3,158 (vs JP¥3,089 in 1H 2020) The company reported a solid first half result with improved earnings and revenues, although profit margins were flat. First half 2021 results: Revenue: JP¥24.2b (up 2.7% from 1H 2020). Net income: JP¥9.85b (up 2.2% from 1H 2020). Profit margin: 41% (in line with 1H 2020). Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 4% per year. Reported Earnings • Jul 21
First half 2021 earnings released: EPS JP¥3,158 (vs JP¥3,089 in 1H 2020) The company reported a solid first half result with improved earnings and revenues, although profit margins were flat. First half 2021 results: Revenue: JP¥24.2b (up 2.7% from 1H 2020). Net income: JP¥9.85b (up 2.2% from 1H 2020). Profit margin: 41% (in line with 1H 2020). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Price Target Changed • Jun 05
Price target increased to JP¥151,333 Up from JP¥141,167, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of JP¥158,200. Stock is up 27% over the past year. Upcoming Dividend • May 21
Upcoming dividend of JP¥3,130 per share Eligible shareholders must have bought the stock before 28 May 2021. Payment date: 14 August 2021. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (3.4%). Price Target Changed • Mar 02
Price target raised to JP¥136,000 Up from JP¥124,667, the current price target is provided by 1 analyst. The new target price is 6.9% below the current share price of JP¥146,100. As of last close, the stock is down 17% over the past year. Reported Earnings • Mar 01
Full year 2020 earnings released: EPS JP¥6,184 (vs JP¥7,446 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥47.5b (down 8.5% from FY 2019). Net income: JP¥19.3b (down 16% from FY 2019). Profit margin: 41% (down from 44% in FY 2019). The decrease in margin was driven by lower revenue. Net asset value (NAV) per share: JP¥117,263 (flat on FY 2019). The current share price is 25% higher than NAV per share. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 4% per year. Is New 90 Day High Low • Feb 10
New 90-day high: JP¥142,800 The company is up 12% from its price of JP¥127,600 on 12 November 2020. The Japanese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is up 8.0% over the same period. Is New 90 Day High Low • Jan 20
New 90-day high: JP¥132,400 The company is up 13% from its price of JP¥116,900 on 22 October 2020. The Japanese market is also up 13% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the REITs industry, which is up 6.0% over the same period. Reported Earnings • Jan 17
Full year 2020 earnings released: EPS JP¥6,184 The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥47.5b (down 8.5% from FY 2019). Net income: JP¥19.3b (down 16% from FY 2019). Profit margin: 41% (down from 44% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 10% per year. Announcement • Nov 22
United Urban Investment Corporation to Report Fiscal Year 2020 Results on Jan 15, 2021 United Urban Investment Corporation announced that they will report fiscal year 2020 results on Jan 15, 2021 Announcement • Oct 06
United Urban Investment Corporation (TSE:8960) agreed to acquire trust beneficiary rights in UUR Court Ibaraki Higashi-Chujo in Osaka from Nomura Real Estate Building Co. Ltd. for ¥1.7 billion United Urban Investment Corporation (TSE:8960) agreed to acquire trust beneficiary rights in UUR Court Ibaraki Higashi-Chujo in Osaka from Nomura Real Estate Building Co. Ltd. for ¥1.7 billion on September 30, 2020. The property name will be changed to UUR Court Ibaraki Higashi-Chujo after the acquisition. The transaction will be financed from borrowing. The property generates ¥94 million in total yearly rental revenues. The transaction is expected to close on December 1, 2020. Announcement • Jul 30
United Urban Investment Corporation (TSE:8960) completed the acquisition of Hotel Hewitt Koshien and the square hotel KANAZAWA from MG Leasing Corporation and an undisclosed domestic. United Urban Investment Corporation (TSE:8960) agreed to acquire Hotel Hewitt Koshien and the square hotel KANAZAWA from MG Leasing Corporation and an undisclosed domestic company for ¥18.3 billion on June 4, 2019. Under the terms, United Urban Investment Corporation agreed to acquire Hotel Hewitt Koshien from MG Leasing Corporation for ¥13.5 billion and the square hotel KANAZAW from MG Leasing Corporation and an undisclosed domestic company for ¥4.8 billion. The payment to MG Leasing Corporation will be a lump-sum payment upon the delivery of the property. Acquisition of Hotel Hewitt Koshien is scheduled to be financed by the proceeds from the issuance of new investment units by way of public offering and cash on hand. The square hotel KANAZAWA’s acquisition is scheduled to be financed by the borrowing as of today. The acquisition of Hotel Hewitt Koshien is expected to complete on June 25, 2019 and the acquisition of the square hotel KANAZAWA is expected to complete on December 9, 2019. The Tanizawa Sogo Appraisal Co., Ltd. acted as appraiser in the transaction. As of June 25, 2019, United Urban Investment Corporation completed the acquisition of Hotel Hewitt Koshien.
United Urban Investment Corporation (TSE:8960) completed the acquisition of Hotel Hewitt Koshien and the square hotel KANAZAWA from MG Leasing Corporation and an undisclosed domestic on December 3, 2019. As of December 3, 2019, United Urban Investment Corporation completed the acquisition of the square hotel KANAZAWA. 
