1. Japan Stocks

  2. •

    Real Estate

  3. •

    REIT - Diversified
Hankyu Hanshin REIT, Inc.

Hankyu Hanshin REIT, Inc.

8977.T
Hankyu Hanshin REIT, Inc.JP flagTokyo Stock Exchange
140,400.00
JPY
+500.00
- -
97.61BMarket Cap
Hankyu Hanshin REIT, Inc.
8977.T
(Tokyo Stock Exchange)

Recent

price

140,400.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
FRC
22,609.87
22,569.2
22,268.07
26,804.08
16,479.7
16,265.05
17,153.82
16,138.02
16,999.44
17,309.33
17,852.91
16,387.03
16,364.52
16,862.83
- -
18,587.61
Revenue per Share
5,345.03
5,076.34
4,910.44
5,037.07
5,038.02
5,187.36
5,401.04
5,593.9
6,150.9
6,387.06
6,445.89
5,917.3
6,023.17
6,098.61
- -
6,896.31
Basic EPS, GAAP
8,648.55
9,299.27
8,399.01
-11,440.67
-13,538.31
7,495.22
1,113.16
7,676.32
-12,920.46
-12,348.12
4,087.68
8,000.64
4,276.89
540.9
- -
3,002.22
Free Cash Flow per Basic Share
5,185.76
5,016.1
4,996.74
4,349.73
4,761.85
5,105.12
5,391.25
5,344.42
5,715.01
6,072.9
6,213.07
6,015.17
5,869.36
6,058.77
- -
6,303.3
Dividend per Share
129,613.11
129,613.11
129,613.11
139,345.91
130,411.22
122,552.06
122,558.1
122,809
124,961.92
124,389.86
124,307.16
124,126.91
124,236.93
124,273.54
- -
124,610.53
Book Value per Share
129,835.39
129,894.26
129,806.63
137,124.58
128,558.51
120,826.15
120,843.43
121,108.06
123,349.41
122,934.07
123,209.4
123,125.32
123,293.94
123,345.42
- -
123,836.29
Tangible Book Value per Share
- -
- -
- -
- -
1
1
1
1
1
1
1
1
1
1
- -
1
Basic Weighted Avg Shares
9,654
9,637
9,508
12,634
9,247
9,718
10,249
9,642
10,710
12,034
12,411
11,392
11,377
11,723
12,156
12,922
Sales/Revenue/Turnover
34.01
32.28
31.27
25.96
39.79
40.14
39.32
42.83
43.69
42.94
41.95
41.55
42.42
41.81
41.32
43.3
Operating Margin (%)
2,073
1,982
1,985
1,959
1,920
1,943
1,777
1,688
1,793
1,986
2,042
2,087
1,942
1,956
1,975
2,032
Depreciation Expense
2,282
2,168
2,097
2,374
2,827
3,099
3,227
3,342
3,875
4,440
4,481
4,114
4,187
4,240
4,280
4,794
Net Income, GAAP
0.15
0.15
0.15
0.13
0.11
0.1
0.09
0.09
0.08
0.07
0.06
0.07
0.07
0.07
0.07
0.06
Effective Tax Rate (%)
23.64
22.49
22.05
18.79
30.57
31.89
31.49
34.66
36.18
36.9
36.11
36.11
36.81
36.17
35.21
37.1
Profit Margin (%)
-20,029
-13,665
-1,673
-15,489
-7,805
3,684
-922
2,886
-6,141
-6,114
-168
-644
1,233
2,486
-287
2,230
Working Capital
29,900
35,500
46,900
34,400
44,500
54,900
52,900
55,700
53,441
59,438
67,273
66,745
68,717
74,189
77,561
79,933
LT Debt
56,405
56,428
56,389
65,682
73,175
73,225
73,228
73,378
78,727
86,479
86,639
86,570
86,677
86,702
86,751
87,045
Total Equity
2.81
2.73
2.62
2.78
2.85
2.88
2.93
2.96
3.27
3.36
3.22
2.91
2.97
2.97
2.94
3.21
Return on Invested Capital (%)
2.8
2.71
2.59
2.67
2.74
2.79
2.83
2.83
3.12
3.29
3.16
2.88
2.92
2.92
2.89
3.18
Return on Capital (%)
4.12
3.92
3.79
3.92
4.07
4.23
4.41
4.56
5.1
5.38
5.18
4.76
4.85
4.91
4.95
5.54
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
0.09%
0.34%
Free Cash Flow
-83.45%
-186.77%
-191.94%
Net Income, GAAP
4.69%
1.56%
12.01%
Sales/Revenue/Turnover
3.08%
0.94%
6.3%
Total Cash Common Dividend
3.87%
0.33%
3.63%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
11,723
2024
- -
- -
- -
- -
12,156
2025
- -
- -
- -
- -
12,922

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
6,098.61
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
6,896.31

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
6,058.77
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
6,303.3
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Business
Hankyu Hanshin REIT, Inc. (8977.T) operates as an integrated real estate investment trust that acquires, owns, and manages a diversified portfolio of commercial properties primarily in Japan, focusing on retail facilities, office buildings, and complex facilities featuring multiple uses; its portfolio includes flagship assets such as Hankyu Nishinomiya Gardens, a major suburban shopping center, GRAND FRONT OSAKA, a high-spec urban complex in Umeda's prime rail terminal area, HEP Five entertainment complex, Hankyu Headquarters Building office property, and Aeon Mall Inagawa suburban retail facility. As of September 2025, the portfolio comprises 37 properties with a total acquisition price of 178.1 billion yen and an occupancy rate of 99.9 percent, generating income through fixed rents from long-term tenants and variable rents including sales-based overage from select retail occupants; properties span key regions including Greater Osaka, Kansai suburbs, and urban centers with investment ratios emphasizing retail over 50 percent, offices, and multi-zone complexes. The company, sponsored by Hankyu Hanshin Properties Corp., was listed in 2013 and maintains its asset management operations headquartered in Osaka, Japan, targeting stable distributions to unitholders through asset growth and high occupancy in high-traffic locations. In recent developments, Hankyu Hanshin REIT acquired additional domestic real estate properties including trust beneficiary interests in October 2025 and September 2025 as part of asset replacement strategies, secured multiple debt financings such as a green loan in May 2025 and borrowings from Sumitomo Mitsui Trust Bank maturing in 2030 to refinance existing liabilities in October 2025, completed transfers of underperforming assets in June 2025, earned GRESB 3 Stars and Green Star ratings in October 2025 alongside CASBEE certifications in August 2025, introduced an investment unit ownership program for management in July 2025, and revised financial forecasts upward in March 2025 while navigating a neutral-stanced tender offer concluded in April 2025.