Mori Hills REIT Investment Corporation

3234.T
REIT - Diversified
2026/08/19 Updated
Market Cap: $1.5B (¥238.6B)
Stock Price: $798.22 (¥126,500)
Exchange Rate: 1 USD = ¥158.48

Stock Price Chart

2026/08/19 Updated
19.61
PER (Price Earnings Ratio)
vs Industry Avg: +10.1
1.21
PBR (Price to Book Ratio)
vs Industry Avg: -0.1
4.90%
Dividend Yield
vs Industry Avg: +1.95%

Price Trend

2026/08/19 Updated
Short-term
5-Day MA
-0.33%
Near-term
25-Day MA
-1.54%
Mid-term
75-Day MA
-0.17%
Long-term
200-Day MA
-6.32%

Price & Trading Details

2026/08/19 Updated

PRICE

Previous Close ¥126,900
Open ¥126,200
High ¥127,200
Low ¥126,000
Close ¥126,500

TRADING

Volume 2,918
Average Volume 3,970
Turnover ¥4億
Min. Purchase ¥12,650,000

Analyst Recommendations 5 analysts

Updated 2026/08/01
Strong Buy
0
Buy
0
Hold
4
4
Sell
1
1
Strong Sell
0
Target Price (Mean)
¥143,600
Hold
¥150,000
High
¥145,000
Median
¥135,000
Low
-4% vs Current Price
This information is based on market data from third-party data providers and is for reference only. Investment decisions are your own responsibility.

Earnings Calendar

Updated 2026/08/01
SEP
14
2026
Next Earnings Release
Q3 FY2026
24days

Shareholder Composition

Updated 2026/08/01
27.7%
Insider Holdings
35.9%
Institutional
36.4%
Public Float
101
Institutional Holders
Insider Holdings 27.7%
Institutional 35.9%
Public Float 36.4%

Major Holders

Updated 2026/08/01
Institution Ownership Shares Change
Vanguard International Stock Index-Total Intl Stock Indx
1.20%
23.0K +2.79%
DFA Investment Dimensions-DFA Int'l Real Estate Securities
0.71%
13.7K -11.22%
Vanguard Tax Managed Fund-Vanguard Developed Markets Index Fund
0.69%
13.2K +4.06%
iShares Core MSCI EAFE ETF
0.50%
9.5K +0.93%
Vanguard Global ex U.S. Real Estate Index Fund
0.38%
7.3K -3.68%
iShares MSCI EAFE Small Cap ETF
0.29%
5.5K -3.39%

Dividend History 1Years Growth

Updated 2026/08/16
-%
Dividend Yield
¥6,200
Annual Dividend
+0.5%
YoY Growth
96.6%
Payout Ratio
Year Dividend Change
2026 ¥6,200 +0.5%
2025 ¥6,170 -6.4%
2024 ¥6,592 +3.1%
2023 ¥6,392 +7.3%
2022 ¥5,957 -

Financial Performance

2026/08/16 Updated

Revenue & Profit

Margins

Cash Flow

Financial Health

2021 2022 2023 2024
Income Statement
Revenue ¥19,662M ¥21,018M ¥22,426M ¥22,348M
Gross Profit ¥13,021M ¥14,168M ¥15,433M ¥15,237M
Operating Income ¥12,332M ¥13,071M ¥13,902M ¥13,758M
Pretax Income ¥12,009M ¥12,787M ¥13,634M ¥13,537M
Net Income ¥11,158M ¥11,957M ¥12,829M ¥12,686M
EPS ¥5,833.17 ¥6,239.50 ¥6,694.44 ¥6,592.35
Operating Margin 62.72% 62.19% 61.99% 61.56%
Balance Sheet
Total Assets ¥404,953M ¥412,893M ¥414,888M ¥413,261M
Total Equity ¥200,819M ¥202,797M ¥204,798M ¥205,576M
Total Liabilities ¥204,134M ¥210,096M ¥210,090M ¥207,685M
Cash ¥8,310M ¥10,640M ¥16,049M ¥18,221M
Interest-bearing Debt ¥186,222M ¥192,422M ¥192,422M ¥189,922M
Equity Ratio 49.59% 49.12% 49.36% 49.74%
D/E Ratio 0.93 0.95 0.94 0.92
Cash Flow
Operating CF - ¥16,224M ¥18,094M ¥17,359M
Investing CF - -¥8,746M -¥674M -¥1,562M
Financing CF - -¥5,002M -¥11,630M -¥13,575M
Free CF - ¥7,404M ¥17,305M ¥15,833M
Efficiency
ROE 5.56% 5.90% 6.26% 6.17%
ROA 2.76% 2.90% 3.09% 3.07%

Latest IR Information

Company Information

English Name Mori Hills REIT Investment Corporation
Japanese Name 森ヒルズリート投資法人
Stock Code 3234.T (JPX)
Sector / Industry Real Estate / REIT - Diversified

About

Mori Hills REIT Investment Corporation was incorporated by Mori Building Investment Management Co., Ltd. (the Company's Asset Manager) on February 2, 2006 with 100 million yen in capital (200 units), and registration was approved based on Article 187 of the Act on Investment Trusts and Investment Corporations of Japan (the Investment Trust Act) on March 6, 2006 (Registration No. 51 filed with the Director-General of the Kanto Local Finance Bureau). Subsequently, the Company was listed on the Real Estate Investment Trust Section of the Tokyo Stock Exchange on November 30, 2006 (Securities Code: 3234). The Company's real estate portfolio as of July 31, 2025 was comprised of 11 properties under management with a total leasable floor area of 182,655.52m. The Company has already invested 407,908 million yen (based on acquisition price) into this portfolio. The occupancy rate as of July 31, 2025 was 99.5%. Mori Hills REIT Investment Corporation was incorporated in 2006 in Japan.

Data provided by Yahoo Finance