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    Real estate investment trusts
Activia Properties, Inc.

Activia Properties, Inc.

695.00
EUR
+10.00
(+1.46%)
Jan 15Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
9,685.51
10,680.57
11,371.48
11,763.27
12,444.33
12,971.02
13,199.41
12,991.43
12,924.73
12,958.25
14,377.39
13,248.39
13,639.33
- -
Basic EPS, GAAP
5,411.5
5,374.95
5,662.5
5,915.02
6,199.65
6,359.43
6,751.89
6,351.67
6,386.66
6,368.91
7,210.14
5,934.1
6,020
- -
Free Cash Flow per Basic Share
-4,595.71
-32,700.63
-24,603.72
-29,766.27
-17,848.88
-4,532.63
-21,763.72
2,527.71
-9,569.23
9,595.53
6,030.05
7,715.94
6,378.61
- -
Dividend per Share
5,132.68
4,808.66
5,202.76
5,569.24
5,794.52
6,129.46
6,263.44
6,544.74
6,223.31
6,308
6,410.25
6,359.76
6,008.37
- -
Book Value per Share
76,780.09
86,357.3
93,553.92
98,400.28
104,489.23
106,789.36
110,732.32
110,519.44
112,920.2
112,773.24
113,445.55
112,688.83
112,699.87
113,145.51
Tangible Book Value per Share
73,073.92
83,326.37
90,808.66
95,717.1
99,912.69
102,432.62
106,817.97
106,605.3
109,251.42
109,056.13
109,705.45
108,877.04
108,887.68
109,333.56
Basic Weighted Avg Shares
1
1
2
2
2
2
2
2
2
2
2
2
2
- -
Sales/Revenue/Turnover
11,928
15,954
18,822
21,093
24,828
27,142
30,386
30,058
30,362
31,691
34,827
31,619
32,420
- -
Operating Margin (%)
62.82
57.51
56.63
57.31
56.61
55.33
56.87
54.68
55.53
55.37
55.75
51.28
51.16
- -
Depreciation Expense
1,007
1,503
1,813
2,042
2,366
2,502
2,594
2,670
2,727
2,745
2,941
3,088
3,237
- -
Net Income, GAAP
6,665
8,029
9,372
10,606
12,369
13,307
15,544
14,696
15,003
15,576
17,465
14,162
14,309
- -
Effective Tax Rate (%)
0.03
0.02
0.02
0.02
0.01
0.01
0.01
0.01
0.19
0.99
0.09
0.01
0.01
- -
Profit Margin (%)
55.87
50.32
49.8
50.28
49.82
49.03
51.15
48.89
49.41
49.15
50.15
44.79
44.14
- -
Working Capital
-7,389
-8,615
-9,268
-20,312
-18,912
-21,240
-4,337
-17,139
-8,793
-13,492
-12,176
-19,829
-17,813
-18,934
LT Debt
75,000
92,800
115,500
145,350
161,150
166,650
216,050
211,600
233,250
227,100
231,350
225,970
228,530
226,750
Total Equity
94,560
130,086
155,561
177,018
208,523
223,842
256,198
255,706
278,717
274,906
274,803
267,784
267,811
268,870
Return on Invested Capital (%)
4.23
4.33
3.99
3.74
3.7
3.62
3.78
3.32
3.24
3.23
3.6
3.02
3.11
- -
Return on Capital (%)
4.13
4.17
3.87
3.63
3.59
3.53
3.7
3.24
3.14
3.16
3.52
2.94
3.04
- -
Return on Common Equity (%)
7.06
7.15
6.56
6.38
6.42
6.16
6.48
5.74
5.61
5.63
6.35
5.22
5.34
- -

Capital Structure

JPY

•

in mil. unless spec.
May'25
Nov'25
May'26
ST Debt
40,518
36,318
37,998
LT Borrowings
224,330
228,530
226,750
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2
2
2
Market Capitalization
- -
- -
- -

Working Capital

JPY

•

in mil. unless spec.
May'25
Nov'25
May'26
Total Current Assets
21,264
22,401
22,521
Cash, Cash Equivalents & STI
15,395
16,624
15,171
Accounts Receivable, Net
755
744
681
Inventories
- -
- -
- -
Total Current Liabilities
43,789
40,214
41,455
Payables & Accruals
- -
- -
- -
ST Debt
40,518
36,318
37,998
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.83%
1.01%
0.01%
Free Cash Flow
-47.71%
-143.63%
-17.67%
Net Income, GAAP
4.89%
0.03%
1.04%
Sales/Revenue/Turnover
5.86%
1.72%
2.53%
Total Cash Common Dividend
5.47%
-1.09%
-5.91%

Semi-annual Revenue

JPY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
31,619
2025
- -
- -
32,420
2026
- -
- -
- -

Semi-annual Earnings Per Share

JPY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
5,934.1
2025
- -
- -
6,020
2026
- -
- -
- -

Semi-annual Dividends Per Share

JPY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
6,359.76
2025
- -
- -
6,008.37
2026
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Nobuhide Kashiwagi
Sector
Finance
Industry
Real estate investment trusts
Address
Shin-Aoyama Building East 9F Tokyo TY Japan 150-0043
IPO Date
Jun 13, 2012
Website
activia-reit.co.jp
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Business
Activia Properties Inc. (3279.T) is a Japan-based real estate investment trust (J-REIT) that acquires, owns and leases urban retail facilities and office properties, primarily in Tokyo and other major urban areas including surrounding commuter regions; its portfolio comprises 45 properties with an aggregate acquisition price of 541.8 billion yen as of May 31, 2025, featuring flagship assets such as Shiodome Building, Tokyu Plaza Omotesando "Omokado", Ebisu Prime Square, Kasumigaseki Tokyu Building, DECKS Tokyo Beach and Q plaza HARAJUKU, achieving an occupancy rate of 99.6%; the REIT targets stable medium- to long-term earnings growth through competitive property selection emphasizing location, scale, quality and sustainability initiatives like environmental footprint reduction and community contributions. Founded on September 7, 2011 and listed on the Tokyo Stock Exchange since June 13, 2012, Activia Properties maintains its headquarters at Shibuya Solasta 18F, 21-1 Dogenzaka 1-chome, Shibuya-ku, Tokyo, with asset management handled by TLC REIT Management Inc., a subsidiary of sponsor Tokyu Land Corporation. In March 2025, the REIT acquired silent partnership interests valued at 276 million yen in Kashiwa Logi Investment GK from Tokyu Land Corporation, securing priority negotiation rights over logistics property LOGI’Q Kashiwa and positioning for portfolio expansion and enhanced distributions through dividend income until potential exercise in August 2028; recent activities also encompass borrowings in September 2025 and ongoing occupancy updates reflecting operational stability.