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    Real estate investment trusts
Tokaido REIT, Inc.

Tokaido REIT, Inc.

86,000.00
JPY
-600.00
(-0.69%)
28.76BMarket Cap
Mar 16Next Earn
Tokaido REIT, Inc.
TSE:2989
(Tokyo Stock Exchange)

Recent

price

86,000.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2021
2022
2023
2024
TTM
JPY
- -
11,946.05
13,185.25
12,718.16
- -
Revenue per Share
- -
3,844.71
6,573.25
6,203.33
- -
Basic EPS, GAAP
- -
-277,948.01
-64,211.38
-22,804.17
- -
Free Cash Flow per Basic Share
- -
- -
5,379.09
5,824.75
- -
Dividend per Share
95,156.5
98,761.84
103,245.3
105,383.75
105,434.79
Book Value per Share
83,411.24
87,016.69
94,682.24
97,924.9
97,975.94
Tangible Book Value per Share
- -
- -
- -
- -
- -
Basic Weighted Avg Shares
- -
1,344
2,764
3,541
- -
Sales/Revenue/Turnover
- -
60.96
57.96
57.86
- -
Operating Margin (%)
- -
158
285
378
- -
Depreciation Expense
- -
433
1,378
1,727
- -
Net Income, GAAP
- -
0.41
0.13
0.11
- -
Effective Tax Rate (%)
- -
32.18
49.85
48.78
- -
Profit Margin (%)
-1,612
-902
-4,612
-250
-1,655
Working Capital
12,400
13,000
16,100
24,500
24,500
LT Debt
16,824
17,461
25,037
29,339
29,353
Total Equity
- -
2.49
3.91
3.89
- -
Return on Invested Capital (%)
- -
1.48
3.65
3.62
- -
Return on Capital (%)
- -
2.52
6.49
6.35
- -
Return on Common Equity (%)

Capital Structure

JPY

•

in mil. unless spec.
Jan'24
Jul'24
Jan'25
ST Debt
2,800
2,800
4,450
LT Borrowings
20,100
24,500
24,500
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
- -
- -
Market Capitalization
30,191
33,213
28,759

Working Capital

JPY

•

in mil. unless spec.
Jan'24
Jul'24
Jan'25
Total Current Assets
2,925
3,144
3,515
Cash, Cash Equivalents & STI
827
907
1,059
Accounts Receivable, Net
62
66
67
Inventories
- -
- -
- -
Total Current Liabilities
3,461
3,394
5,169
Payables & Accruals
- -
- -
- -
ST Debt
2,800
2,800
4,450
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
17.18%
Free Cash Flow
- -
- -
-52.84%
Net Income, GAAP
- -
- -
25.32%
Sales/Revenue/Turnover
- -
- -
28.09%
Total Cash Common Dividend
- -
- -
43.79%

Semi-annual Revenue

JPY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
3,541
2025
- -
- -
- -

Semi-annual Earnings Per Share

JPY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
6,203.33
2025
- -
- -
- -

Semi-annual Dividends Per Share

JPY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
5,824.75
2025
- -
- -
- -
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Business
Tokaido REIT, Inc. operates as a real estate investment trust that strategically acquires and manages a portfolio of properties across Japan, primarily concentrating on the dynamic Tokaido region. The company's investments span industrial infrastructure assets, including modern logistics facilities and essential industrial sites, alongside community infrastructure, such as residential properties that support the regional population. This J-REIT, which commenced operations and listed on the Tokyo Stock Exchange REIT Market in June 2021, aims to deliver stable earnings and long-term asset appreciation for its unitholders. As of late 2025, its holdings feature 29 properties, demonstrating a high occupancy rate of 99.6%. Its investment approach leverages strong sponsor support and an focus on areas with significant industrial and population density, especially around Shizuoka, to enhance unitholder value.