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One of Japan's oldest diversified J-REITs, owning office and retail buildings, sponsored by Tokyo Tatemono.
One of Japan's oldest diversified J-REITs, owning office and retail buildings, sponsored by Tokyo Tatemono.
Collects rent from its buildings and, as Japanese REITs generally do, pays out almost all profit to holders to keep its tax benefits. Growth comes from buying properties, often with its sponsor Tokyo Tatemono's help, financed by new units and borrowing, rather than from rent increases alone.
In one line: A diversified office-retail REIT sponsored by a legacy Tokyo developer.
Moat: narrow (regulatory licence, scale). Sponsor Tokyo Tatemono's development pipeline and long operating history support deal sourcing.
Headquarters: Tokyo, Japan · Founded: 2001 · Employees: 50
Size Japan Prime Realty Investment (8955.T) is a Japan Real Estate company (Real Estate Investment Trusts) with a market value of $2.37B, the 429th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥92,500 on 6 Nov 2026.
Performance Over six months the shares fell 6.7%, against -5.4% for the median peer and +1.8% for the Japan market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue fell 13.4% over the last twelve months (peer median +5.5%); the operating margin is 39.3% (peer median 37.7%).
Valuation It trades at 1.31× book value against a peer median of 1.25× (11th cheapest of 21).
Price implies The share price implies a return on equity of about 5.2%; Japan Prime Realty Investment delivers 6.8%, so the price asks less than the business earns today.
Next results Next results expected around 12 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥54.2B | ¥52.7B | ¥56.2B | ¥38.9B | ¥44.9B |
| Revenue growth | — | -6% | +45% | -13% | — |
| Gross profit | ¥22.5B | ¥23.1B | ¥18.9B | ¥17.3B | ¥19.3B |
| EBITDA | ¥25.7B | ¥26.2B | ¥22.4B | ¥21.1B | ¥22.7B |
| Net income | ¥19.1B | ¥19.8B | ¥16.3B | ¥15.5B | ¥17.1B |
| Free cash flow | ¥4.71B | -¥22.8B | -¥284M | ¥6.59B | ¥15.1B |
| Capital expenditure | ¥35.0B | ¥60.4B | ¥40.3B | ¥15.8B | ¥14.3B |
| Total debt | n/a | ¥244B | ¥230B | ¥205B | ¥203B |
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 |
|---|---|---|---|---|---|---|
| Japan Prime Realty Investment 8955.T | $2.37B | -7% | -13% | 7% | 1.31× | 5.2% |
| Japan Metropolitan Fund Investment 8953.T | $4.87B | -8% | 0% | 7% | 1.17× | 4.8% |
| United Urban Investment 8960.T | $3.04B | -15% | -2% | 7% | 1.25× | 4.9% |
| ORIX JREIT 8954.T | $3.06B | -12% | +35% | 8% | 1.36× | 5.4% |
| Daiwa Office Investment 8976.T | $1.74B | -12% | +24% | 6% | 1.13× | 4.7% |
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 | 8955.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.2% | +6.2% | 6th lowest of 21 |
| 6-month return | -6.7% | -5.4% | 8th lowest of 21 |
| Return on equity | 6.8% | 4.7% | 7th highest of 21 |
| Price / book | 1.31× | 1.25× | 11th cheapest of 21 |
| Trailing P/E | 19.4× | 21.1× | 8th cheapest of 18 |
| ROE the price implies | 5.2% | 9.2% | 4th least demanding of 21 |
| ROE delivered | 6.8% | 4.7% | 7th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Japan Prime Realty Investment 8955.T | Japan | $2.37B | -7% | -13% | 7% | 1.31× | 5.2% | 6.8% |
| NETSTREIT NTST | United States | $2.37B | -9% | +27% | 1% | 1.18× | 10.0% | 1.3% |
| Pebblebrook Hotel Trust PEB | United States | $2.36B | +43% | +3% | -3% | 1.01× | 12.2% | -2.8% |
| Advance Residence Investment 3269.T | Japan | $2.42B | -18% | -4% | 7% | 1.54× | 5.8% | 7.3% |
| Sunstone Hotel Investors SHO | United States | $2.33B | +19% | +7% | 3% | 1.42× | 12.8% | 2.7% |
| SmartStop Self Storage REIT SMA | United States | $2.31B | +20% | +21% | 2% | 1.86× | 9.3% | 2.4% |
| InvenTrust Properties IVT | United States | $2.46B | +1% | +13% | 2% | 1.38× | 11.0% | 1.6% |
| Big Yellow BYG.L | United Kingdom | $2.50B | +11% | +2% | 5% | 0.72× | 8.8% | 4.8% |
| LTC Properties LTC | United States | $2.52B | +14% | +69% | 39% | 1.50× | 9.9% | 38.7% |
| Crombie Real Estate Investment Trust CRR-UN.TO | Canada | $2.22B | -3% | +4% | -3% | 1.70× | 11.5% | -3.2% |
| CapitaLand Ascott Trust HMN.SI | Singapore | $2.55B | -6% | +5% | 7% | 0.74× | 4.7% | 6.5% |
| Boardwalk Real Estate Investment Trust BEI-UN.TO | Canada | $2.21B | -5% | +3% | -1% | 0.66× | 6.0% | -1.0% |
| Four Corners Property Trust FCPT | United States | $2.57B | -7% | +10% | 8% | 1.58× | 12.2% | 7.5% |
| Urban Edge Properties UE | United States | $2.58B | -6% | +6% | 8% | 1.95× | 16.9% | 8.0% |
| Dream Industrial Real Estate Investment Trust DIR-UN.TO | Canada | $2.58B | -8% | +6% | 4% | 0.78× | 8.4% | 3.9% |
| Primaris Real Estate Investment Trust PMZ-UN.TO | Canada | $2.11B | +21% | +18% | 5% | 1.08× | 9.1% | 4.6% |
| Industrial & Infrastructure Fund Investment 3249.T | Japan | $2.07B | -12% | +36% | 8% | 1.33× | 6.4% | 8.5% |
| Acadia Realty Trust AKR | United States | $2.74B | -9% | 0% | 2% | 1.17× | 11.8% | 1.6% |
| Parkway Life Real Estate Investment Trust C2PU.SI | Singapore | $2.05B | 0% | +3% | 10% | 1.56× | 6.3% | 10.1% |
| Frasers Logistics & Commercial Trust BUOU.SI | Singapore | $2.76B | -6% | 0% | 5% | 0.82× | 4.2% | 5.1% |
| Aroundtown AT1.DE | Germany | $2.04B | -32% | +1% | 5% | 0.22× | 4.0% | 4.9% |