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← CockpitCompetitor Analysis › 3492.T MIRARTH Real Estate Investment CorporationOpen in the cockpit ↗

MIRARTH Real Estate Investment Corporation3492.TCompetitor analysis, valuation and peers

Japan · JPY·Real Estate›Real Estate Investment Trusts
Momentum weak 23
Mkt cap
$461M
US dollars, full cap
Free float
98%
of shares outstanding
$/day
$3.48M
20-day average traded
Fwd P/E
28.7×
forward earnings
ROIC−WACC
n/a
WACC 5.0%
Hurdle
n/a
no reverse DCF
Next earnings
165 days
20 Apr 2027
Close · JPY¥71,700
1D-3.1%
1W-2.3%
1M-6.2%
3M-12.0%
6M-18.3%
YTD-23.3%
1Y-25.7%
ATR %1.7%
52w lowhigh25.9% off high

What MIRARTH Real Estate Investment does

No business profile yet.

MIRARTH Real Estate Investment at a glance

Size MIRARTH Real Estate Investment (3492.T) is a Japan Real Estate company (Real Estate Investment Trusts) with a market value of $461M, the 1121st largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥71,700 on 6 Nov 2026.

Performance Over six months the shares fell 18.3%, against -10.1% for the median peer and +1.8% for the Japan market (cap-weighted) — 7th lowest of 21 in its peer set.

Growth Revenue grew 35.1% over the last twelve months (peer median +3.8%); the operating margin is 49.5% (peer median 47.8%).

Valuation It trades at 28.7× forward earnings against a peer median of 16.2× (4th most expensive of 15).

Next results Next results expected around 20 Apr 2027 (exchange calendar; dates can move).

Relative performance

9010011 May 202611 Aug 20266 Nov 2026Peer median 903492.T 82
Six months, rebased to 100: MIRARTH Real Estate Investment against the median of its 20 peers (local-currency closes).

MIRARTH Real Estate Investment financials

Reported figures in JPY; fiscal year ends 2026-08-31. TTM = trailing twelve months.
TTMFY2026FY2025FY2024FY2023
Revenue¥13.8B¥13.8B¥10.2B¥8.29B¥11.4B
Revenue growth—+35%+23%-28%—
Gross profit¥7.19B¥7.19B¥6.23B¥5.01B¥4.65B
EBITDA¥8.41B¥8.41B¥7.44B¥6.01B¥5.37B
Net income¥5.18B¥5.18B¥5.36B¥3.98B¥3.58B
Free cash flow-¥14.5B-¥14.5B-¥18.3B-¥13.8B-¥15.5B
Capital expenditure¥23.4B¥23.6B¥28.5B¥18.9B¥24.1B
Total debtn/a¥105B¥91.2B¥77.0B¥67.2B

Quarterly statements and history in the cockpit →

MIRARTH Real Estate Investment competitor charts

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.

Performance: 6-month against 1-month return

-20%-10%0%+10%-20%-10%0%+10%OLP3487FBRTNRRHPPLIVE0435YTST32903476GOOD293940APR-UN0948000405M1GUCHCTPLZ-UNNXR-UN3492.T6-month return →1-month return →
Up and to the right = strong over both horizons. MIRARTH Real Estate Investment is the large dot.

Fundamentals: revenue growth against valuation

-20%0%+20%+40%20×40×60×OLP3487FBRTNRRLIVE3476GOOD293940APR-UN0405M1GUCHCT3492.TRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. MIRARTH Real Estate Investment is the large dot.

MIRARTH Real Estate Investment competitors and peer comparison

How MIRARTH Real Estate Investment compares with its peers

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.

MIRARTH Real Estate Investment against its 20 peers (data as of 6 Nov 2026)
Measure3492.TPeer medianRank in peer set
1-month return-6.2%-0.2%7th lowest of 21
6-month return-18.3%-10.1%7th lowest of 21
Distance from 52-week high-25.9%-23.4%7th lowest of 21
Revenue growth (TTM)+35.1%+3.8%3rd highest of 19
Operating margin49.5%47.8%8th highest of 20
Forward P/E28.7×16.2×4th most expensive of 15

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
MIRARTH Real Estate Investment 3492.TJapan$461M-18%+35%50%28.7×n/an/a
One Liberty Properties OLPUnited States$461M-10%+11%34%54.1×n/an/a
CRE Logistics REIT 3487.TJapan$460M-23%+23%41%17.0×n/an/a
Franklin BSP Realty Trust FBRTUnited States$469M-32%-1%49%7.3×n/an/a
NewRiver REIT NRR.LUnited Kingdom$470M+6%+45%39%10.1×n/an/a
Hudson Pacific Properties HPPUnited States$471M-22%+3%-1%n/an/an/a
Living REIT LIVE.LUnited Kingdom$443M0%+5%79%10.8×n/an/a
Sunlight Real Estate Investment Trust 0435.HKHong Kong$481M-10%-5%65%n/an/an/a
Testa Residencial Socimi YTST.MCSpain$482M+13%-2%59%n/an/an/a
One REIT 3290.TJapan$435M-10%0%30%n/an/an/a
China Southern SF Express Closed Infrastructure REIT 180305.SZChina$490M-12%n/a10%n/an/an/a
MIRAI 3476.TJapan$431M-23%-22%37%26.4×n/an/a
Gladstone Commercial GOODUnited States$497M-21%+11%39%64.4×n/an/a
Shinhan Alpha REIT 293940.KSSouth Korea$497M-8%+45%63%24.0×n/an/a
Automotive Properties Real Estate Investment Trust APR-UN.TOCanada$499M+11%+18%78%12.5×n/an/a
Mirae Asset Maps Realty Real Estate Public Investment 094800.KSSouth Korea$424M-17%n/an/an/an/an/a
Yuexiu Real Estate Investment Trust 0405.HKHong Kong$424M-19%-11%48%11.1×n/an/a
Alpha Integrated Real Estate Investment Trust M1GU.SISingapore$423M-1%+6%48%16.1×n/an/a
Community Healthcare Trust CHCTUnited States$423M-16%+6%32%32.7×n/an/a
Plaza Retail REIT PLZ-UN.TOCanada$419M+19%+3%52%11.6×n/an/a
Nexus Industrial REIT NXR-UN.TOCanada$418M-1%+2%65%16.3×n/an/a

Questions

Which companies are MIRARTH Real Estate Investment's closest peers?
The cockpit's peer set: One Liberty Properties (OLP), CRE Logistics REIT (3487.T), Franklin BSP Realty Trust (FBRT), NewRiver REIT (NRR.L), Hudson Pacific Properties (HPP), Living REIT (LIVE.L), Sunlight Real Estate Investment Trust (0435.HK), Testa Residencial Socimi (YTST.MC).
Is MIRARTH Real Estate Investment expensive compared with its peers?
On forward p/e it trades at 28.7× against a peer median of 16.2×, 4th most expensive of 15 in its peer set.
How has MIRARTH Real Estate Investment stock performed?
Over six months to 6 Nov 2026 the shares returned -18.3% against -10.1% for the median peer; over one year -25.7%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.