Loading…
Diversified J-REIT owning Japanese retail and office buildings, sponsored by Mitsubishi Corp-UBS Realty.
Diversified J-REIT owning Japanese retail and office buildings, sponsored by Mitsubishi Corp-UBS Realty.
Collects rent from tenants under leases and pays out nearly all taxable income to unitholders, which keeps it free of corporate tax. The investment corporation has no staff of its own and is run by an outside manager, Mitsubishi Corp.-UBS Realty, which also sources acquisitions. Properties are concentrated in and around Tokyo.
In one line: A diversified mall-and-office REIT.
Moat: narrow (regulatory licence, scale). REIT tax pass-through status and sponsor's acquisition pipeline give preferential access to new properties.
Headquarters: Tokyo, Japan · Founded: 2001
Size Japan Metropolitan Fund Investment (8953.T) is a Japan Real Estate company (Real Estate Investment Trusts) with a market value of $4.87B, the 247th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥106,800 on 6 Nov 2026.
Performance Over six months the shares fell 7.8%, against -3.5% for the median peer and +1.8% for the Japan market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue fell 0.2% over the last twelve months (peer median +4.6%); the operating margin is 41.1% (peer median 38.2%).
Valuation It trades at 18.9× forward earnings against a peer median of 19.3× (10th cheapest of 19).
Next results Next results expected around 8 Oct 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | ¥128B | ¥128B | ¥128B | ¥91.7B | ¥94.3B |
| Revenue growth | — | 0% | +40% | -3% | — |
| Gross profit | ¥54.6B | ¥54.6B | ¥48.4B | ¥37.4B | ¥37.5B |
| EBITDA | ¥64.8B | ¥64.8B | ¥58.7B | ¥48.2B | ¥48.6B |
| Net income | ¥46.4B | ¥46.4B | ¥41.5B | ¥31.7B | ¥32.0B |
| Free cash flow | -¥53.1B | -¥53.1B | -¥38.8B | ¥7.91B | ¥14.7B |
| Capital expenditure | ¥101B | ¥101B | ¥86.2B | ¥34.4B | ¥26.3B |
| Total debt | n/a | ¥632B | ¥601B | ¥554B | ¥551B |
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 | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Japan Metropolitan Fund Investment 8953.T | $4.87B | -8% | 0% | 41% | 18.9× | n/a |
| United Urban Investment 8960.T | $3.04B | -15% | -2% | 36% | 16.7× | n/a |
| ORIX JREIT 8954.T | $3.06B | -12% | +35% | 51% | 18.1× | n/a |
| Japan Prime Realty Investment 8955.T | $2.37B | -7% | -13% | 39% | 21.2× | n/a |
| MORI TRUST REIT.Inc 8961.T | $1.48B | -13% | -14% | 64% | 18.0× | n/a |
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 | 8953.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.6% | +6.2% | 7th lowest of 21 |
| 6-month return | -7.8% | -3.5% | 6th lowest of 21 |
| Distance from 52-week high | -16.6% | -13.4% | 9th lowest of 21 |
| Revenue growth (TTM) | -0.2% | +4.6% | 8th lowest of 21 |
| Operating margin | 41.1% | 38.2% | 10th highest of 21 |
| Forward P/E | 18.9× | 19.3× | 10th cheapest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Japan Metropolitan Fund Investment 8953.T | Japan | $4.87B | -8% | 0% | 41% | 18.9× | n/a | n/a |
| Cousins Properties CUZ | United States | $4.87B | +11% | +8% | 24% | 65.6× | n/a | n/a |
| Mapletree Pan Asia Commercial Trust N2IU.SI | Singapore | $4.89B | -7% | -5% | 64% | 15.6× | n/a | n/a |
| Japan Real Estate Investment 8952.T | Japan | $4.98B | -10% | -1% | 38% | 25.6× | n/a | n/a |
| Kite Realty Group Trust KRG | United States | $5.04B | -4% | -7% | 23% | 68.2× | n/a | n/a |
| General de Galerias Comerciales GGC.MC | Spain | $4.70B | 0% | +3% | 78% | n/a | n/a | n/a |
| Keppel DC REIT AJBU.SI | Singapore | $4.67B | -6% | +30% | 77% | 18.0× | n/a | n/a |
| Rithm Capital RITM | United States | $5.15B | -6% | +19% | 48% | 4.1× | n/a | n/a |
| Americold Realty Trust COLD | United States | $4.57B | +8% | 0% | 6% | n/a | n/a | n/a |
| EPR Properties EPR | United States | $4.56B | +2% | +7% | 38% | 19.8× | n/a | n/a |
| Chartwell Retirement Residences CSH-UN.TO | Canada | $5.25B | +3% | +24% | 13% | 147.6× | n/a | n/a |
| Mirvac MGR.AX | Australia | $5.27B | +14% | +6% | 20% | 14.8× | n/a | n/a |
| Mapletree Logistics Trust M44U.SI | Singapore | $4.47B | -6% | -1% | 57% | 18.8× | n/a | n/a |
| Starwood Property Trust STWD | United States | $4.46B | -32% | +11% | 73% | 7.7× | n/a | n/a |
| Apple Hospitality REIT APLE | United States | $4.46B | +34% | +1% | 18% | 25.1× | n/a | n/a |
| Tanger SKT | United States | $4.45B | +6% | +11% | 30% | 34.0× | n/a | n/a |
| Dexus DXS.AX | Australia | $4.44B | 0% | -28% | 31% | 10.9× | n/a | n/a |
| RioCan Real Estate Investment Trust REI-UN.TO | Canada | $4.41B | -3% | -13% | 53% | 12.8× | n/a | n/a |
| OUTFRONT Media OUT | United States | $5.42B | -9% | +8% | 20% | 22.2× | n/a | n/a |
| Nippon Prologis REIT 3283.T | Japan | $4.37B | -8% | +9% | 44% | 23.2× | n/a | n/a |
| Gecina GFC.PA | France | $5.47B | -8% | +1% | 68% | 9.8× | n/a | n/a |