1. Japan Stocks

  2. •

    Finance

  3. •

    Real estate investment trusts
SANKEI REAL ESTATE Inc.

SANKEI REAL ESTATE Inc.

TTSE:2972
124,900.00
JPY
0.00
(0.00%)
59.04BMarket Cap
Apr 28Next Earn
SANKEI REAL ESTATE Inc.
TSE:2972
(Tokyo Stock Exchange)

Recent

price

124,900.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2019
2020
2021
2022
2023
2024
2025
TTM
JPY
- -
11,060.5
12,118.96
12,441.11
12,081.53
10,539.1
10,978.94
- -
Revenue per Share
- -
5,538.27
5,690.99
6,142.29
4,723.28
4,738.39
4,811.63
- -
Basic EPS, GAAP
- -
-57,836.29
-6,829.04
-47,462.51
-9,117.82
-38,050.93
12,079.44
- -
Free Cash Flow per Basic Share
- -
3,936.4
5,376.93
5,165.67
5,462.06
4,441.83
4,820.51
- -
Dividend per Share
97,913.64
104,945.42
105,255.42
108,993.65
108,253.93
108,204.79
108,196.43
97,251.67
Book Value per Share
97,877.78
104,926.61
105,241.87
108,987.33
108,235.08
108,191.66
108,186.72
97,243.67
Tangible Book Value per Share
- -
- -
- -
- -
- -
- -
- -
- -
Basic Weighted Avg Shares
- -
3,939
4,324
5,806
5,643
4,923
5,128
- -
Sales/Revenue/Turnover
- -
54.9
52.26
54.61
45.69
52.81
52.65
- -
Operating Margin (%)
- -
437
458
619
619
637
646
- -
Depreciation Expense
- -
1,972
2,031
2,867
2,206
2,213
2,248
- -
Net Income, GAAP
- -
0.09
0.09
0.06
0.08
0.08
0.07
- -
Effective Tax Rate (%)
- -
50.07
46.96
49.37
39.1
44.96
43.83
- -
Profit Margin (%)
-1,417
958
-3,739
-1,812
-8,333
-2,221
-6,487
-7,424
Working Capital
17,400
28,700
27,900
40,600
41,000
41,100
33,800
33,100
LT Debt
23,460
37,445
37,555
50,911
50,565
50,542
50,538
45,426
Total Equity
- -
3.7
3.08
3.59
2.47
2.49
2.68
- -
Return on Invested Capital (%)
- -
3.58
2.95
3.46
2.36
2.4
2.59
- -
Return on Capital (%)
- -
6.48
5.41
6.48
4.35
4.38
4.45
- -
Return on Common Equity (%)

Capital Structure

JPY

•

in mil. unless spec.
Feb'25
Aug'25
Feb'26
ST Debt
11,000
16,400
16,400
LT Borrowings
39,200
33,800
33,100
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
- -
- -
Market Capitalization
39,143
44,748
59,041

Working Capital

JPY

•

in mil. unless spec.
Feb'25
Aug'25
Feb'26
Total Current Assets
8,241
10,914
10,404
Cash, Cash Equivalents & STI
5,683
8,341
8,062
Accounts Receivable, Net
37
57
37
Inventories
- -
- -
- -
Total Current Liabilities
12,069
17,401
17,828
Payables & Accruals
- -
- -
- -
ST Debt
11,000
16,400
16,400
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
7.02%
-0.01%
Free Cash Flow
- -
165.14%
-131.75%
Net Income, GAAP
- -
4.59%
1.55%
Sales/Revenue/Turnover
- -
6.53%
4.17%
Total Cash Common Dividend
- -
11.64%
8.53%

Semi-annual Revenue

JPY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
4,923
2025
- -
- -
5,128
2026
- -
- -
- -

Semi-annual Earnings Per Share

JPY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
4,738.39
2025
- -
- -
4,811.63
2026
- -
- -
- -

Semi-annual Dividends Per Share

JPY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
4,441.83
2025
- -
- -
4,820.51
2026
- -
- -
- -
Similar Companies
Realty Income Corporation (NYSE:O)
Emlak Konut Gayrimenkul Yatirim Ortakligi A.S. (BIST:EKGYO)
Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR)
AGNC Investment Corp. (NASDAQ:AGNC)
Prologis, Inc. (NYSE:PLD)
American Tower Corporation (REIT) (NYSE:AMT)
Business
SANKEI REAL ESTATE Inc. (TSE: 2972) operates as a closed-end real estate investment trust that primarily invests in office buildings, comprising approximately 80% of its portfolio, alongside hotels, logistics facilities, and residential properties as core asset groups; its assets include properties such as Tokyo Sankei Building, S-GATE Nihonbashi-Honcho, S-GATE Akihabara, and Vessel Hotel Campana Susukino, with a total of 16 properties valued at an acquisition price of 93.9 billion yen as of October 2025. The REIT, sponsored by Sankei Building Co., Ltd. within the Fuji Media Holdings Group and managed by Sankei Building Asset Management Co., Ltd., focuses on sustainable asset growth and stable mid- to long-term earnings through external expansion leveraging the sponsor's platform; it targets metropolitan areas including Tokyo, Osaka, Nagoya, and Hokkaido, serving institutional and retail investors seeking real estate securitization exposure. Incorporated in 2018 and listed on the Tokyo Stock Exchange J-REIT Market in March 2019, the REIT is headquartered at 4FS-GATE Otemachi-Kita, 2-3-4 Uchikanda, Chiyoda-ku, Tokyo, Japan. In recent strategic shifts, SANKEI REAL ESTATE implemented a revival plan in October 2023, transitioning from an office-centric portfolio to a comprehensive REIT by reducing office exposure from over 80% to 50-70% through sales of office strata units like those in Shinagawa Seaside TS Tower for 16.1 billion yen and disposals to its sponsor, while acquiring hotels such as Vessel Hotel Campana Susukino (40% co-ownership for 2.92 billion yen in March 2024) and increasing ownership in S-GATE Nihonbashi-Honcho to 100% (49% interest for 7.45 billion yen in April 2024); the sponsor commenced additional unit purchases up to 46,652 units in early 2024 to support stability. Further, in September 2025, the REIT revised upward its forecasts for the fiscal period ending February 2026 due to a favorable tenant change at Hitachi Kyushu Building, boosting expected operating revenue by 12.8% and distributions per unit by 23.2%, alongside achieving strong GRESB real estate assessment results and planning dispositions like a 2% interest in Tokyo Sankei Building.