1. Japan Stocks

  2. •

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  3. •

    Real estate investment trusts
ORIX JREIT Inc.

ORIX JREIT Inc.

88,700.00
JPY
+100.00
(+0.11%)
574.63BMarket Cap
Apr 21Next Earn
ORIX JREIT Inc.
TSE:8954
(Tokyo Stock Exchange)

Recent

price

88,700.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
JPY
8,540.99
7,830.99
8,585.82
8,551.12
8,210.42
8,413.42
8,507.42
8,591.17
8,601.62
8,769.38
9,226.45
8,554.53
9,033.15
9,305.62
9,965.58
9,794.02
- -
Revenue per Share
3,041.07
2,320.05
2,371.38
2,403.5
2,590.17
3,005.63
3,227.53
3,415.24
3,449.74
3,503.26
4,148.73
3,525.91
3,826.99
3,451.63
4,174.82
4,259.24
- -
Basic EPS, GAAP
-5,596.89
-9,861.34
-359.66
-6,952.13
-17,545.67
-8,484.09
-9,402.16
-5,520.83
-2,108.49
4,987.5
2,954.35
2,929.53
4,312.32
3,193.66
-756.52
-2,892.93
- -
Free Cash Flow per Basic Share
3,218.32
2,575.99
2,437.12
2,227.8
2,231.28
2,512.32
2,848.2
2,973.82
3,218.96
3,487.14
3,905.43
3,691.67
3,505.8
3,958.33
3,822.64
3,904.71
- -
Dividend per Share
56,482.34
54,308.21
54,240.7
54,942.85
56,017.68
58,089.62
59,856.53
62,441.04
63,117.21
63,132.79
63,375.18
63,208.33
63,528.8
63,020.65
63,373.73
63,726.45
64,066.12
Book Value per Share
56,219.65
53,702.44
53,642.32
54,484.68
55,650.47
57,385.38
58,800.09
61,483.96
62,316.12
62,341.49
62,593.48
62,434.78
62,764.13
62,261.23
62,619.57
62,764.67
63,104.53
Tangible Book Value per Share
3
3
3
3
4
4
5
5
5
6
6
6
6
6
6
6
6
Basic Weighted Avg Shares
21,491
22,274
24,421
25,552
29,489
36,429
40,258
44,686
46,739
48,407
50,930
47,221
49,863
51,367
55,010
54,063
- -
Sales/Revenue/Turnover
48.37
43.82
41.87
41.91
43.04
45.55
46.03
46.66
46.51
46.1
49.99
46.54
46.91
41.31
45.95
48.81
- -
Operating Margin (%)
3,965
4,579
5,382
5,606
6,117
7,116
7,578
7,971
8,054
8,198
8,244
8,314
8,204
7,955
7,830
8,066
- -
Depreciation Expense
7,652
6,599
6,745
7,182
9,303
13,014
15,273
17,764
18,745
19,338
22,901
19,463
21,125
19,053
23,045
23,511
- -
Net Income, GAAP
2.24
- -
0.55
0.14
0.17
0.28
0.14
0.16
0.14
0.14
0.12
0.15
0.17
0.14
0.12
0.14
- -
Effective Tax Rate (%)
35.61
29.63
27.62
28.11
31.55
35.72
37.94
39.75
40.11
39.95
44.97
41.22
42.37
37.09
41.89
43.49
- -
Profit Margin (%)
-34,942
-5,612
-46,073
-3,127
-1,613
7,861
20,487
14,719
8,827
8,712
10,948
6,522
4,663
6,424
-27,918
-23,567
-33,489
Working Capital
95,118
147,168
115,318
164,578
190,310
220,050
251,117
246,967
254,857
247,487
255,327
255,667
249,287
254,979
245,847
288,750
302,725
LT Debt
142,122
154,471
154,279
174,841
220,281
259,746
289,864
334,684
348,407
348,493
349,831
348,910
350,679
347,874
349,823
351,770
353,645
Total Equity
3.65
- -
3.14
3.13
3.19
3.52
3.48
3.52
3.45
3.49
3.97
3.41
3.61
3.29
3.92
3.97
- -
Return on Invested Capital (%)
3.56
- -
2.97
2.85
2.98
3.33
3.34
3.41
3.35
3.37
3.89
3.31
3.53
3.22
3.84
3.9
- -
Return on Capital (%)
5.38
4.45
4.37
4.36
4.71
5.42
5.56
5.69
5.49
5.55
6.56
5.57
6.04
5.45
6.61
6.7
- -
Return on Common Equity (%)

Capital Structure

JPY

•

in mil. unless spec.
Feb'25
Aug'25
Feb'26
ST Debt
41,600
38,447
44,972
LT Borrowings
254,597
288,750
302,725
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
6
6
6
Market Capitalization
470,028
540,960
574,632

Working Capital

JPY

•

in mil. unless spec.
Feb'25
Aug'25
Feb'26
Total Current Assets
31,727
23,819
21,819
Cash, Cash Equivalents & STI
22,166
13,073
11,055
Accounts Receivable, Net
1,239
1,366
1,266
Inventories
- -
- -
- -
Total Current Liabilities
50,590
47,386
55,308
Payables & Accruals
- -
- -
- -
ST Debt
41,600
38,447
44,972
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.21%
0.11%
0.56%
Free Cash Flow
-27.64%
35.83%
282.4%
Net Income, GAAP
6.75%
1.34%
2.02%
Sales/Revenue/Turnover
4.16%
1.34%
-1.72%
Total Cash Common Dividend
7.49%
0.23%
2.15%

Semi-annual Revenue

JPY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
55,010
2025
- -
- -
54,063
2026
- -
- -
- -

Semi-annual Earnings Per Share

JPY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
4,174.82
2025
- -
- -
4,259.24
2026
- -
- -
- -

Semi-annual Dividends Per Share

JPY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
3,822.64
2025
- -
- -
3,904.71
2026
- -
- -
- -
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Business
ORIX JREIT Inc. (Ticker: ORXJF) is a Japanese real estate investment trust (JREIT) that invests primarily in income-generating properties including office buildings, commercial facilities, retail properties, logistics centers, hotels, and residential units. The company offers unitholders stable dividends through active portfolio management, asset acquisition, leasing services, and property redevelopment initiatives focused on high-quality, strategically located assets in urban areas. Its portfolio emphasizes diversified real estate sectors with a core concentration in Tokyo and other major Japanese metropolitan regions; ORIX JREIT operates exclusively within Japan, headquartered in Tokyo and founded in 2001 as one of the early JREITs sponsored by ORIX Corporation. Core products and services encompass external growth via acquisitions of stabilized properties and development projects; internal growth through lease renewals, rent increases, and value-enhancing renovations; and comprehensive asset management including tenant relations, facility maintenance, and sustainability upgrades to meet environmental standards. The company targets institutional and retail investors seeking JREIT exposure, with a business model centered on long-term holdings for recurring rental income and capital appreciation. Recent major developments include the acquisition of premium office and logistics assets in fiscal 2024 and early 2025 to bolster portfolio resilience amid market shifts; strategic partnerships with ORIX Group affiliates for preferential access to off-market deals; and a successful equity issuance in late 2024 to fund expansion amid rising demand for logistics and urban retail spaces. In 2025, ORIX JREIT announced initiatives for green retrofitting of select properties to align with Japan's decarbonization goals and enhanced dividend policies reflecting strong occupancy rates above 95%. These moves underscore the company's adaptive strategy in a post-pandemic real estate landscape characterized by hybrid work trends and e-commerce growth.