Which companies are Hankyu Hanshin REIT's closest peers?

The cockpit's peer set: Rural Funds (RFF.AX), Abacus (ABG.AX), Allied Properties Real Estate Investment Trust (AP-UN.TO), China Merchants CMET Closed Infrastructure Real Estate Investment Trust Registered Unit (180203.SZ), Dexus Industria REIT (DXI.AX), Universal Health Realty Income Trust (UHT), Custodian Property Income REIT (CREI.L), Schroder Real Estate Investment Trust (SREI.L).

Is Hankyu Hanshin REIT expensive compared with its peers?

On forward p/e it trades at 18.4× against a peer median of 13.2×, 5th most expensive of 14 in its peer set.

How has Hankyu Hanshin REIT stock performed?

Over six months to 6 Nov 2026 the shares returned -18.8% against -6.6% for the median peer; over one year -32.6%.

← CockpitCompetitor Analysis › 8977.T Hankyu Hanshin REIT, Inc.Open in the cockpit ↗

Hankyu Hanshin REIT, Inc.8977.TCompetitor analysis, valuation and peers

Japan · JPY·Real Estate›Real Estate Investment Trusts

Momentum weak 24

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$533M

US dollars, full cap

Free float

84%

of shares outstanding

$/day

$1.53M

20-day average traded

Fwd P/E

18.4×

forward earnings

ROIC−WACC

n/a

WACC 5.0%

Hurdle

n/a

no reverse DCF

Next earnings

80 days

25 Jan 2027

Close · JPY¥120,900

1D-2.4%

1W-1.4%

1M-4.1%

3M-13.2%

6M-18.8%

YTD-27.3%

1Y-32.6%

ATR %1.6%

52w lowhigh33.0% off high

What Hankyu Hanshin REIT does

No business profile yet.

Hankyu Hanshin REIT at a glance

Size Hankyu Hanshin REIT (8977.T) is a Japan Real Estate company (Real Estate Investment Trusts) with a market value of $533M, the 1033rd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥120,900 on 6 Nov 2026.

Performance Over six months the shares fell 18.8%, against -6.6% for the median peer and +1.8% for the Japan market (cap-weighted) — 6th lowest of 21 in its peer set.

Growth Revenue fell 37.6% over the last twelve months (peer median +7.1%); the operating margin is 34.2% (peer median 46.5%).

Valuation It trades at 18.4× forward earnings against a peer median of 13.2× (5th most expensive of 14).

Next results Next results expected around 25 Jan 2027 (exchange calendar; dates can move).

Relative performance

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

Hankyu Hanshin REIT financials

Reported figures in JPY; fiscal year ends 2025-11-30. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	¥16.1B	¥29.3B	¥12.2B	¥11.7B	¥11.4B
Revenue growth	—	+141%	+4%	+3%	—
Gross profit	¥5.84B	¥6.18B	¥5.30B	¥5.15B	¥5.12B
EBITDA	¥7.63B	¥7.66B	¥7.00B	¥6.86B	¥6.77B
Net income	¥4.65B	¥4.79B	¥4.28B	¥4.24B	¥4.19B
Free cash flow	¥4.41B	¥4.36B	-¥2.27B	¥376M	¥2.97B
Capital expenditure	¥5.65B	¥18.9B	¥8.65B	¥5.90B	¥10.5B
Total debt	n/a	¥87.1B	¥87.1B	¥80.6B	¥75.7B

Quarterly statements and history in the cockpit →

Hankyu Hanshin REIT 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. Hankyu Hanshin REIT is the large dot.

Fundamentals: revenue growth against valuation

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

Hankyu Hanshin REIT competitors and peer comparison

How Hankyu Hanshin REIT 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.

Hankyu Hanshin REIT against its 20 peers (data as of 6 Nov 2026)
Measure	8977.T	Peer median	Rank in peer set
1-month return	-4.1%	+3.5%	6th lowest of 21
6-month return	-18.8%	-6.6%	6th lowest of 21
Distance from 52-week high	-33.0%	-15.0%	4th lowest of 21
Revenue growth (TTM)	-37.6%	+7.1%	lowest of 20
Operating margin	34.2%	46.5%	6th lowest of 21
Forward P/E	18.4×	13.2×	5th most expensive of 14

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
Hankyu Hanshin REIT 8977.T	Japan	$533M	-19%	-38%	34%	18.4×	n/a	n/a
Rural Funds RFF.AX	Australia	$532M	-1%	+7%	44%	16.9×	n/a	n/a
Abacus ABG.AX	Australia	$539M	-13%	-5%	-16%	11.4×	n/a	n/a
Allied Properties Real Estate Investment Trust AP-UN.TO	Canada	$539M	-61%	-5%	36%	n/a	n/a	n/a
China Merchants CMET Closed Infrastructure Real Estate Investment Trust Registered Unit 180203.SZ	China	$541M	0%	+451%	28%	n/a	n/a	n/a
Dexus Industria REIT DXI.AX	Australia	$525M	+3%	-12%	75%	14.9×	n/a	n/a
Universal Health Realty Income Trust UHT	United States	$544M	-4%	0%	38%	22.6×	n/a	n/a
Custodian Property Income REIT CREI.L	United Kingdom	$545M	+1%	+9%	68%	13.2×	n/a	n/a
Schroder Real Estate Investment Trust SREI.L	United Kingdom	$548M	-6%	+7%	67%	n/a	n/a	n/a
Brandywine Realty Trust BDN	United States	$551M	+4%	+4%	15%	n/a	n/a	n/a
Adamas Trust ADAM	United States	$514M	-36%	+35%	58%	5.6×	n/a	n/a
ESR Kendall Square REIT 365550.KS	South Korea	$513M	-37%	+11%	49%	25.7×	n/a	n/a
TPG RE Finance Trust TRTX	United States	$512M	-21%	+6%	73%	6.2×	n/a	n/a
Morguard North American Residential Real Estate Investment Trust MRG-UN.TO	Canada	$557M	-12%	-1%	64%	11.7×	n/a	n/a
Flagship Communities Real Estate Investment Trust MHC-UN.TO	Canada	$557M	+17%	+16%	38%	12.3×	n/a	n/a
FrontView REIT FVR	United States	$566M	+5%	+9%	21%	n/a	n/a	n/a
Automotive Properties Real Estate Investment Trust APR-UN.TO	Canada	$499M	+11%	+18%	78%	12.5×	n/a	n/a
Shinhan Alpha REIT 293940.KS	South Korea	$497M	-8%	+45%	63%	24.0×	n/a	n/a
Gladstone Commercial GOOD	United States	$497M	-21%	+11%	39%	64.4×	n/a	n/a
Atom Hoteles SOCIMI YATO.MC	Spain	$572M	-7%	-1%	56%	n/a	n/a	n/a
China Southern SF Express Closed Infrastructure REIT 180305.SZ	China	$490M	-12%	n/a	10%	n/a	n/a	n/a

Questions

Which companies are Hankyu Hanshin REIT's closest peers?: The cockpit's peer set: Rural Funds (RFF.AX), Abacus (ABG.AX), Allied Properties Real Estate Investment Trust (AP-UN.TO), China Merchants CMET Closed Infrastructure Real Estate Investment Trust Registered Unit (180203.SZ), Dexus Industria REIT (DXI.AX), Universal Health Realty Income Trust (UHT), Custodian Property Income REIT (CREI.L), Schroder Real Estate Investment Trust (SREI.L).
Is Hankyu Hanshin REIT expensive compared with its peers?: On forward p/e it trades at 18.4× against a peer median of 13.2×, 5th most expensive of 14 in its peer set.
How has Hankyu Hanshin REIT stock performed?: Over six months to 6 Nov 2026 the shares returned -18.8% against -6.6% for the median peer; over one year -32.6%.