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2972.T — Tokyo Stock Exchange Commercial REITs

2972.T

¥117 200,00
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JPY
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Mcap
54,7B JPY
P/E
—
EV / Rev
—
Div yield
1,89 %
Op margin
52,7 %
ROE
4,5 %
Net margin
43,8 %
Debt / equity
0,99
Beta
—
52w range
—
Volume
—
Day range
—
Prev close
—
Open
—
Next earnings
—
Ex-dividend
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TR 1Y
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About

The company operates as a commercial real estate investment trust (REIT), generating income primarily through the ownership, operation, and management of commercial properties.

Business. 2972.T is a commercial real estate investment trust (REIT) that generates revenue primarily through rental income. The company operates within the commercial REITs industry, focusing on the ownership and management of commercial properties. Specific details regarding its operating segments, headquarters location, and primary stock exchange listing are not provided in the available data.

Classification92 %
SectorReal Estate
IndustryCommercial REITs
Generated · model-assisted
Sell-side consensus
HOLD1 analysts
0 buy1 hold0 sell
Avg 12m price target—

Analyst recommendations

1 analysts · consensus Hold
Buy0
Hold1
Sell0
12-month price target
—
Consensus of sell-side coverage.
Upcoming events
— missing data
See all catalysts →

At a glance

Score
—
not yet scored
Valuation
—
valuation pending
Analysts→
Hold
1 analysts · indicative
Ownership
—
not yet wired
Profitability→
4,5 %
return on equity
Quality
—
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning 2972.

    • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate · THIS SECTOR−0,7 %+10,9 %−1,3 %
    Industrials−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to 2972.T. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    2972.T is a commercial real estate investment trust (REIT) that generates revenue primarily through rental income. The company operates within the commercial REITs industry, focusing on the ownership and management of commercial properties. Specific details regarding its operating segments, headquarters location, and primary stock exchange listing are not provided in the available data.

    Classification92 %
    SectorReal Estate
    IndustryCommercial REITs
    AI synthesis
    GENERATED

    The company maintains a capital structure with a debt-to-equity ratio of 0.99, indicating a balanced leverage position relative to its equity base. Its liquidity position is characterized by a current ratio of 0.63, suggesting limited short-term liquidity coverage, and a negative net cash position after subtracting total debt. The price-to-book ratio of 1.11 and price-to-tangible-book ratio of 1.11 indicate that the company's market value is slightly above its book value.

    Profitability metrics show a return on equity (ROE) of 4.45% and a return on assets (ROA) of 2.14%, which are below the typical performance benchmarks for commercial REITs. The company's operating income of ¥2.7 billion and net income of ¥2.25 billion reflect a healthy gross profit margin, but the ROE and ROA suggest that the company is not generating returns at a level that significantly outperforms its cost of capital.

    The company's revenue is concentrated in commercial real estate operations, with no disclosed geographic diversification. This lack of geographic segmentation implies that the company's performance is closely tied to the commercial real estate market in its primary operating region. The absence of segment-specific data limits the ability to assess the performance of individual property types or regions.

    The company's growth trajectory is constrained by a negative free cash flow of ¥-177.5 million and a capital expenditure of ¥-192.6 million, indicating that the company is currently spending more on capital investments than it is generating in free cash. Analysts have issued a single "Hold" recommendation, with no strong buy or buy ratings, suggesting a neutral outlook on the company's near-term prospects.

    The company's risk profile is marked by a medium liquidity risk and a low dilution risk. The negative net cash position after subtracting total debt raises concerns about the company's ability to meet short-term obligations without additional financing. No dilution sources were identified in the available data, and the company's shares outstanding have not changed between basic and diluted counts.

    Recent events and filings have not been disclosed in the available data, limiting the ability to assess any material developments that may impact the company's operations or financial position.

    Key takeaways
    • The company's debt-to-equity ratio of 0.99 suggests a balanced capital structure, but its current ratio of 0.63 indicates limited short-term liquidity.
    • The company's ROE of 4.45% and ROA of 2.14% are below typical performance benchmarks for commercial REITs, indicating suboptimal returns on equity and assets.
    • The company's revenue is concentrated in commercial real estate operations, with no geographic diversification disclosed, increasing its exposure to regional market risks.
    • The company is currently experiencing negative free cash flow and capital expenditures, which may constrain its ability to fund growth initiatives without external financing.
    • Analysts have issued a single "Hold" recommendation, with no strong buy or buy ratings, suggesting a neutral outlook on the company's near-term prospects.

    Bull / Bear case

    Generated · model-assisted
    — missing data

    In focus — financials by report

    Valuation

    Market price
    ¥117 200,00
    Market cap
    ¥56.05B
    Enterprise valueⓘ
    ¥97.91B
    P/Eⓘ
    —
    Non-GAAP P/Eⓘ
    —
    EV / Revenueⓘ
    —
    EV / Op incomeⓘ
    —
    EV / OCFⓘ
    16.8x
    P / Bⓘ
    1.1x
    P / Tangible bookⓘ
    1.1x
    Tangible book
    ¥50.54B
    Net cashⓘ
    -¥41.86B
    Current ratioⓘ
    0.6
    Debt / equityⓘ
    1.0
    ROAⓘ
    2.1%
    ROEⓘ
    4.5%
    Cash conversionⓘ
    260.0%
    CapEx / revenueⓘ
    -3.8%
    SBC / revenueⓘ
    —
    Dilution ratioⓘ
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Consensus distribution

    sell-side coverage
    Recommendation distribution1 analysts
    Strong buy0
    Buy0
    Hold1
    Sell0
    Strong sell0

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    — missing data

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskMedium
    Filing-based flags
    • Net cash is negative after subtracting total debt.

    Benchmarks vs cohort

    Op Margin52,6 %Above median
    Net Margin43,8 %Above median
    ROE4,5 %Above median
    Capex / Rev-3,8 %Above median
    D/E0,99Bottom quartile
    Cash Conv2,60Above P75

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Ev To Operating Cash Flow
      enterprise_value / operating_cash_flow
    • Return On Equity
      net_income / total_equity
    • Price To Earnings
      market_price / (net_income / shares_outstanding_diluted)
    • Price To Book
      market_price / (adjusted_book_value / shares_outstanding_diluted)
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Market Price
      input from market-data provider (delayed close or quote-shim mid)
    Source documents
    • 2972.T Market data — financials · 2026-05-26
    • Sankei Real Estate Inc Market data — analyst estimates · 2026-05-26

    Ownership & reference

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    2972.TCanonical
    Tokyo Stock Exchange · JPY

    Intel & risk

    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskMedium
    Net cash is negative after subtracting total debt.

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    — missing data
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage