XJPX3292
Market cap1.71bUSD
Dec 27, Last price
127,100.00JPY
1D
0.55%
1Q
-5.64%
Jan 2017
-0.63%
IPO
10.14%
Name
Aeon Reit Investment Corp
Chart & Performance
Profile
AEON REIT Investment Corporation (hereinafter, AEON REIT) invests primarily in retail and related properties which, as an integral part of the communities in which they are located, form the backbone of communities and their retail business infrastructure. Through said investment, we aim to ensure stable earnings over the medium to long term and achieve steady portfolio growth. AEON REIT was established on November 30, 2012, in accordance with the Act on Investment Trusts and Investment Corporations (Act No. 198 of 1951, as amended; hereinafter, the Investment Trusts Act), with AEON Reit Management Co., Ltd. (hereinafter, the Asset Manager) serving as the organizer. AEON REIT was listed on the Real Estate Investment Trust Securities Market (J-REIT market) of the Tokyo Stock Exchange (securities code: 3292) on November 22, 2013. In the fiscal period under review (15th fiscal period), AEON REIT acquired AEON MALL Tamadaira woods (acquisition price: ¥9,667 million) in February 2020 by using borrowings. The real estate held by AEON REIT as of July 31, 2020, totaled 42 properties in Japan and overseas, including AEON MALL SEREMBAN 2 it owns through an overseas real estate holding corporation established in Malaysia (hereinafter, the Overseas SPC), with a total acquisition price of ¥390,185 million. Total leasable area is 3,597,112.78 m2 and the occupancy rate of the entire portfolio is 100.0% as of the same date.
Valuation
Title JPY in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|---|
2024‑01 | 2023‑07 | 2022‑07 | 2021‑07 | 2020‑07 | 2019‑07 | 2018‑07 | 2017‑07 | 2016‑07 | 2015‑07 | |
Income | ||||||||||
Revenues | 42,216,175 2.98% | 40,995,797 2.36% | 40,050,359 13.14% | |||||||
Cost of revenue | 26,224,505 | 25,127,277 | 24,541,536 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | 15,991,670 | 15,868,520 | 15,508,823 | |||||||
NOPBT Margin | 37.88% | 38.71% | 38.72% | |||||||
Operating Taxes | 1,210 | 1,210 | 1,210 | |||||||
Tax Rate | 0.01% | 0.01% | 0.01% | |||||||
NOPAT | 15,990,460 | 15,867,310 | 15,507,613 | |||||||
Net income | 13,588,882 -1.33% | 13,771,726 1.63% | 13,550,605 14.50% | |||||||
Dividends | (14,228,691) | (13,403,294) | (12,771,833) | |||||||
Dividend yield | 4.82% | 4.22% | 4.00% | |||||||
Proceeds from repurchase of equity | ||||||||||
BB yield | ||||||||||
Debt | ||||||||||
Debt current | 19,500,000 | 29,700,000 | 20,800,000 | |||||||
Long-term debt | 168,900,000 | 158,700,000 | 158,300,000 | |||||||
Deferred revenue | ||||||||||
Other long-term liabilities | 15,093,052 | 14,878,760 | 14,779,076 | |||||||
Net debt | 150,971,416 | 158,382,067 | 151,622,294 | |||||||
Cash flow | ||||||||||
Cash from operating activities | 25,644,292 | 22,106,148 | 25,292,211 | |||||||
CAPEX | (4,060,017) | (25,628,404) | (53,872,864) | |||||||
Cash from investing activities | (3,850,292) | (25,627,944) | (53,044,639) | |||||||
Cash from financing activities | (14,228,691) | 6,280,405 | 31,386,914 | |||||||
FCF | 23,600,130 | (983,863) | (8,317,510) | |||||||
Balance | ||||||||||
Cash | 31,350,131 | 23,939,480 | 21,399,253 | |||||||
Long term investments | 6,078,453 | 6,078,453 | 6,078,453 | |||||||
Excess cash | 35,317,775 | 27,968,143 | 25,475,188 | |||||||
Stockholders' equity | 246,502,052 | 246,952,769 | 236,374,320 | |||||||
Invested Capital | 414,926,551 | 422,702,882 | 403,538,101 | |||||||
ROIC | 3.82% | 3.84% | 4.06% | |||||||
ROCE | 3.55% | 3.52% | 3.61% | |||||||
EV | ||||||||||
Common stock shares outstanding | 2,124 | 2,124 | 2,044 | |||||||
Price | 138,900.00 -7.21% | 149,700.00 -4.10% | 156,100.00 -2.13% | |||||||
Market cap | 295,016,933 -7.20% | 317,892,890 -0.39% | 319,141,299 6.81% | |||||||
EV | 445,988,349 | 476,274,957 | 470,763,593 | |||||||
EBITDA | 26,726,055 | 26,538,810 | 25,903,579 | |||||||
EV/EBITDA | 16.69 | 17.95 | 18.17 | |||||||
Interest | 1,712,314 | 1,449,539 | 1,348,408 | |||||||
Interest/NOPBT | 10.71% | 9.13% | 8.69% |