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Residential J-REIT owning 'Comforia'-brand rental apartments mainly in central Tokyo, sponsored by Tokyu Land.
Residential J-REIT owning 'Comforia'-brand rental apartments mainly in central Tokyo, sponsored by Tokyu Land.
Collects monthly rent from many small apartment leases and passes most income to unitholders, so no single tenant matters. The apartments are mainly compact units for single and small households. Sponsor Tokyu Land supplies much of its pipeline of new buildings.
In one line: A Tokyo-focused apartment REIT like a compact AvalonBay.
Moat: narrow (scale, regulatory licence). Concentrated central-Tokyo portfolio benefits from consistently tight urban rental supply.
Headquarters: Tokyo, Japan · Founded: 2010
Size Comforia Residential REIT (3282.T) is a Japan Real Estate company (Real Estate Investment Trusts) with a market value of $1.36B, the 607th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥87,800 on 6 Nov 2026.
Performance Over six months the shares fell 19.8%, against -5.5% for the median peer and +1.8% for the Japan market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue grew 17.3% over the last twelve months (peer median +4.8%); the operating margin is 41.1% (peer median 37.5%).
Valuation It trades at 1.27× book value against a peer median of 1.04× (6th most expensive of 21).
Price implies The share price implies a return on equity of about 5.1%; Comforia Residential REIT delivers 6.3%, so the price asks less than the business earns today.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | ¥30.1B | ¥30.1B | ¥25.6B | ¥22.6B | ¥21.7B |
| Revenue growth | — | +17% | +13% | +4% | — |
| Gross profit | ¥13.3B | ¥13.3B | ¥11.9B | ¥11.1B | ¥10.2B |
| EBITDA | ¥15.8B | ¥15.8B | ¥14.3B | ¥13.4B | ¥12.5B |
| Net income | ¥10.2B | ¥10.2B | ¥9.35B | ¥8.75B | ¥8.12B |
| Free cash flow | ¥10.8B | ¥10.8B | -¥12.4B | -¥6.43B | -¥8.70B |
| Capital expenditure | ¥8.37B | ¥8.37B | ¥27.5B | ¥19.4B | ¥22.5B |
| Total debt | n/a | ¥187B | ¥188B | ¥172B | ¥164B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Comforia Residential REIT 3282.T | $1.36B | -20% | +17% | 6% | 1.27× | 5.1% |
| Advance Residence Investment 3269.T | $2.42B | -18% | -4% | 7% | 1.54× | 5.8% |
| Daiwa Securities Living Investment 8986.T | $1.22B | -25% | +42% | 7% | 1.02× | 5.4% |
| Nomura Real Estate Master Fund 3462.T | $3.66B | -23% | -18% | 5% | 0.96× | 4.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 3282.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.9% | +0.5% | 4th lowest of 21 |
| 6-month return | -19.8% | -5.5% | lowest of 21 |
| Return on equity | 6.3% | 5.3% | 6th highest of 20 |
| Price / book | 1.27× | 1.04× | 6th most expensive of 21 |
| Trailing P/E | 20.0× | 17.3× | 6th most expensive of 17 |
| ROE the price implies | 5.1% | 7.3% | 8th least demanding of 21 |
| ROE delivered | 6.3% | 5.8% | 6th highest of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Comforia Residential REIT 3282.T | Japan | $1.36B | -20% | +17% | 6% | 1.27× | 5.1% | 6.3% |
| AEON REIT Investment 3292.T | Japan | $1.36B | -19% | +1% | 5% | 0.89× | 4.1% | 5.3% |
| Mori Hills Reit Investment 3234.T | Japan | $1.36B | -14% | -1% | 6% | 1.07× | 4.5% | 5.9% |
| Esr-reit 9A4U.SI | Singapore | $1.33B | -14% | +5% | 1% | 0.84× | 5.5% | 0.8% |
| American Assets Trust AAT | United States | $1.32B | +2% | -8% | 2% | 1.19× | 11.1% | 1.9% |
| CNAMC China Resources Commercial Asset Closed Infrastructure Real Estate Investment Trust 180601.SZ | China | $1.41B | -6% | n/a | n/a | 1.51× | 4.4% | n/a |
| Alexander's ALX | United States | $1.29B | +3% | +8% | 107% | 5.67× | 34.9% | 107.4% |
| Lendlease Global Commercial REIT JYEU.SI | Singapore | $1.44B | -3% | +4% | 5% | 0.78× | 4.4% | 5.1% |
| Centuria Industrial REIT CIP.AX | Australia | $1.28B | +1% | +6% | 6% | 0.74× | 9.5% | 6.4% |
| Emperador Properties SOCIMI YEPSA.MC | Spain | $1.44B | +14% | +7% | -2% | 2.84× | 10.5% | n/a |
| LaSalle LOGIPORT REIT 3466.T | Japan | $1.45B | -10% | +71% | 6% | 1.19× | 4.8% | 6.2% |
| Centurion Accommodation REIT 8C8U.SI | Singapore | $1.45B | -3% | -69% | 1% | 1.22× | 6.0% | n/a |
| UMH Properties UMH | United States | $1.28B | -6% | +9% | 3% | 2.37× | 18.9% | 2.8% |
| Ellington Financial EFC | United States | $1.45B | -17% | +30% | 12% | 0.82× | 8.6% | 12.3% |
| Empire State Realty OP LP Series ES ESBA | United States | $1.46B | -6% | +2% | 5% | 0.84× | 10.8% | n/a |
| CBL & Associates Properties CBL | United States | $1.46B | 0% | +9% | 61% | 3.43× | 33.7% | 60.6% |
| Ingenia Communities INA.AX | Australia | $1.48B | +36% | +8% | 11% | 1.22× | 12.4% | 11.2% |
| MORI TRUST REIT.Inc 8961.T | Japan | $1.48B | -13% | -14% | 6% | 1.00× | 5.2% | 5.6% |
| OUE Real Estate Investment Trust TS0U.SI | Singapore | $1.50B | -5% | +7% | 1% | 0.62× | 4.4% | 1.1% |
| Piedmont Realty Trust PDM | United States | $1.23B | +18% | +3% | -6% | 0.85× | 10.5% | -5.9% |
| Hulic Reit 3295.T | Japan | $1.23B | -17% | +5% | 6% | 0.96× | 4.6% | 5.9% |