Who are Tokyo Tatemono's main competitors?

Named competitors: Mitsubishi Estate (8802.T), Mitsui Fudosan (8801.T), Sumitomo Realty & Development (8830.T). The cockpit's measured peer set (industry) also includes Meritage Homes (MTH), LEG Immobilien (LEG.DE), Hang Lung Ppt (0101.HK), Hangzhou Binjiang Real Estate (002244.SZ), Seazen (601155.SS), Shanghai Vital Deeptech (600641.SS).

Is Tokyo Tatemono expensive compared with its peers?

On forward p/e it trades at 10.3× against a peer median of 14.0×, 5th cheapest of 16 in its peer set.

How has Tokyo Tatemono stock performed?

Over six months to 6 Nov 2026 the shares returned -6.1% against -11.1% for the median peer; over one year +17.1%.

← CockpitCompetitor Analysis › 8804.T Tokyo Tatemono CoOpen in the cockpit ↗

Tokyo Tatemono Co8804.TCompetitor analysis, valuation and peers

Japan · JPY·Real Estate›Real Estate Development

Japanese real estate developer building and leasing office towers, residences and commercial properties mainly in Tokyo.

≈ A Japanese Vornado Realty / Boston PropertiesMomentum neutral 58

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$4.37B

US dollars, full cap

Free float

86%

of shares outstanding

$/day

$21.0M

20-day average traded

Fwd P/E

10.3×

forward earnings

ROIC−WACC

n/a

WACC 5.0%

Hurdle

n/a

no reverse DCF

Next earnings

6 days

12 Nov 2026

Close · JPY¥3,316

1D-7.2%

1W+2.6%

1M+4.0%

3M+1.0%

6M-6.1%

YTD-4.7%

1Y+17.1%

ATR %2.8%

52w lowhigh22.8% off high

What Tokyo Tatemono does

Japanese real estate developer building and leasing office towers, residences and commercial properties mainly in Tokyo.

Rent from office buildings in central Tokyo is the steady base, while sales of its Brillia condominiums, booked on handover, make earnings lumpier. It earns more by rebuilding older sites into larger towers, often with partner owners.

In one line: A Japanese Vornado Realty / Boston Properties.

Products and services

Office building development/leasing
Residential development/sales
Commercial/retail property leasing

Customers

Corporate office tenants
Homebuyers
Retail tenants

Where it sits in the supply chain

Real estate
Real estate development
Office/residential development…

What could go right

Tokyo office/residential real estate demand

What could go wrong

Real estate cyclicality/interest rate sensitivity

Moat: narrow (scale, installed base). Large owned portfolio of prime Tokyo real estate accumulated over decades, hard to replicate quickly.

Headquarters: Tokyo, Japan · Founded: 1896 · Employees: 5,035

Named competitors

Tokyo Tatemono at a glance

Size Tokyo Tatemono (8804.T) is a Japan Real Estate company (Real Estate Development) with a market value of $4.37B, the 270th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥3,316 on 6 Nov 2026.

Performance Over six months the shares fell 6.1%, against -11.1% for the median peer and +1.8% for the Japan market (cap-weighted) — 8th highest of 21 in its peer set.

Growth Revenue grew 16.5% over the last twelve months (peer median +2.1%); the operating margin is 22.1% (peer median 18.2%).

Valuation It trades at 10.3× forward earnings against a peer median of 14.0× (5th cheapest of 16).

Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: Tokyo Tatemono against the median of its 20 peers (local-currency closes).

Tokyo Tatemono financials

Reported figures in JPY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	¥460B	¥475B	¥464B	¥376B	¥350B
Revenue growth	—	+2%	+23%	+7%	—
Gross profit	¥147B	¥142B	¥127B	¥109B	¥101B
EBITDA	¥127B	¥120B	¥102B	¥91.2B	¥83.6B
Net income	¥61.7B	¥58.9B	¥65.9B	¥45.1B	¥43.1B
Free cash flow	n/a	-¥26.6B	-¥106B	-¥24.2B	-¥25.8B
Capital expenditure	n/a	¥58.7B	¥125B	¥44.8B	¥22.5B
Total debt	¥1.54T	¥1.35T	¥1.21T	¥1.09T	¥992B

Quarterly statements and history in the cockpit →

Tokyo Tatemono 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

Up and to the right = strong over both horizons. Tokyo Tatemono is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Tokyo Tatemono is the large dot.

Tokyo Tatemono competitors and peer comparison

Head to head with its named competitors (8804.T vs 8802.T vs 8801.T vs 8830.T)
Company	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g
Tokyo Tatemono 8804.T	$4.37B	-6%	+17%	22%	10.3×	n/a
Mitsubishi Estate 8802.T	$29.5B	-12%	+17%	21%	19.2×	n/a
Mitsui Fudosan 8801.T	$27.4B	-5%	-10%	14%	14.9×	n/a
Sumitomo Realty & Development C 8830.T	$18.8B	-34%	+5%	29%	12.8×	n/a

How Tokyo Tatemono 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.

Tokyo Tatemono against its 20 peers (data as of 6 Nov 2026)
Measure	8804.T	Peer median	Rank in peer set
1-month return	+4.0%	+2.3%	10th highest of 21
6-month return	-6.1%	-11.1%	8th highest of 21
Distance from 52-week high	-22.8%	-28.0%	7th highest of 21
Revenue growth (TTM)	+16.5%	+2.1%	7th highest of 21
Operating margin	22.1%	18.2%	10th highest of 21
Forward P/E	10.3×	14.0×	5th cheapest of 16

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
Tokyo Tatemono 8804.T	Japan	$4.37B	-6%	+17%	22%	10.3×	n/a	n/a
Meritage Homes MTH	United States	$4.38B	+4%	-15%	7%	16.2×	n/a	n/a
LEG Immobilien LEG.DE	Germany	$4.39B	-11%	+1%	34%	8.1×	n/a	n/a
Hang Lung Ppt 0101.HK	Hong Kong	$4.40B	-29%	+10%	53%	11.8×	n/a	n/a
Hangzhou Binjiang Real Estate 002244.SZ	China	$4.27B	-2%	-35%	6%	12.8×	n/a	n/a
Seazen 601155.SS	China	$4.23B	-15%	-39%	14%	31.9×	n/a	n/a
Shanghai Vital Deeptech 600641.SS	China	$4.20B	+14%	+94%	-27%	n/a	n/a	n/a
Howard Hughes HHH	United States	$4.64B	+18%	+32%	15%	29.6×	n/a	n/a
C&D International Investment 1908.HK	Hong Kong	$4.11B	-15%	-15%	7%	8.2×	n/a	n/a
Longfor 0960.HK	Hong Kong	$4.05B	-47%	-42%	1%	n/a	n/a	n/a
Millrose Properties MRP	United States	$4.00B	-4%	+93%	85%	7.9×	n/a	n/a
Shanghai Lujiazui Finance & Trade Zone Development 600663.SS	China	$4.81B	-10%	-21%	21%	14.0×	n/a	n/a
St. Joe JOE	United States	$3.96B	+6%	+11%	32%	n/a	n/a	n/a
Allreal ALLN.SW	Switzerland	$3.89B	-8%	+3%	41%	24.0×	n/a	n/a
City Developments C09.SI	Singapore	$5.13B	-11%	+36%	14%	14.1×	n/a	n/a
Nomura Real Estate 3231.T	Japan	$5.17B	-12%	+19%	14%	8.8×	n/a	n/a
UOL U14.SI	Singapore	$5.23B	-23%	+2%	25%	13.8×	n/a	n/a
Tsim Sha Tsui Properties 0247.HK	Hong Kong	$5.24B	-20%	+15%	34%	n/a	n/a	n/a
Corporacion Inmobiliaria Vesta S.A.B. de C.V. Sponsored ADR VTMX	United States	$3.62B	+6%	+18%	76%	19.5×	n/a	n/a
China Vanke 2202.HK	Hong Kong	$5.28B	-30%	-35%	-27%	n/a	n/a	n/a
Kerry Properties 0683.HK	Hong Kong	$3.47B	-26%	-22%	24%	14.2×	n/a	n/a

Questions

Who are Tokyo Tatemono's main competitors?: Named competitors: Mitsubishi Estate (8802.T), Mitsui Fudosan (8801.T), Sumitomo Realty & Development (8830.T). The cockpit's measured peer set (industry) also includes Meritage Homes (MTH), LEG Immobilien (LEG.DE), Hang Lung Ppt (0101.HK), Hangzhou Binjiang Real Estate (002244.SZ), Seazen (601155.SS), Shanghai Vital Deeptech (600641.SS).
Is Tokyo Tatemono expensive compared with its peers?: On forward p/e it trades at 10.3× against a peer median of 14.0×, 5th cheapest of 16 in its peer set.
How has Tokyo Tatemono stock performed?: Over six months to 6 Nov 2026 the shares returned -6.1% against -11.1% for the median peer; over one year +17.1%.