Hulic Reit, Inc.
Stock Price Chart
2026/08/21 UpdatedPrice Trend
2026/08/21 UpdatedPrice & Trading Details
2026/08/21 UpdatedPRICE
TRADING
Analyst Recommendations 4 analysts
Updated 2026/08/01Earnings Calendar
Updated 2026/08/01Shareholder Composition
Updated 2026/08/01Dividend History
Updated 2026/08/23| Year | Dividend | Change |
|---|---|---|
| 2026 | ¥4,050 | -49.4% |
| 2025 | ¥8,000 | +10.5% |
| 2024 | ¥7,237 | +4.0% |
| 2023 | ¥6,960 | -4.7% |
| 2022 | ¥7,300 | - |
Financial Performance
2026/08/23 UpdatedRevenue & Profit
Margins
Cash Flow
Financial Health
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Income Statement | ||||
| Revenue | ¥22,509M | ¥21,901M | ¥22,828M | ¥25,238M |
| Gross Profit | ¥15,265M | ¥14,082M | ¥14,795M | ¥17,091M |
| Operating Income | ¥12,449M | ¥11,508M | ¥12,027M | ¥13,730M |
| Pretax Income | ¥12,055M | ¥11,084M | ¥11,614M | ¥13,361M |
| Net Income | ¥10,821M | ¥9,952M | ¥10,417M | ¥11,945M |
| EPS | ¥7,586.90 | ¥6,910.80 | ¥7,234.18 | - |
| Operating Margin | 55.31% | 52.55% | 52.68% | 54.40% |
| Balance Sheet | ||||
| Total Assets | ¥400,231M | ¥401,942M | ¥410,385M | ¥423,654M |
| Total Equity | ¥200,679M | ¥200,291M | ¥200,537M | ¥201,460M |
| Total Liabilities | ¥199,552M | ¥201,651M | ¥209,847M | ¥222,194M |
| Cash | ¥16,842M | ¥7,586M | ¥16,005M | ¥8,977M |
| Interest-bearing Debt | ¥178,616M | ¥180,116M | ¥187,616M | ¥198,716M |
| Equity Ratio | 50.14% | 49.83% | 48.87% | 47.55% |
| D/E Ratio | 0.89 | 0.90 | 0.94 | 0.99 |
| Cash Flow | ||||
| Operating CF | ¥20,443M | ¥27,228M | ¥27,675M | ¥24,809M |
| Investing CF | -¥35,218M | -¥27,572M | -¥16,194M | -¥30,556M |
| Financing CF | ¥18,275M | -¥8,839M | -¥2,687M | ¥79M |
| Free CF | -¥16,448M | -¥1,245M | ¥11,014M | -¥6,012M |
| Efficiency | ||||
| ROE | 5.39% | 4.97% | 5.19% | 5.93% |
| ROA | 2.70% | 2.48% | 2.54% | 2.82% |
Latest IR Information
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Notice of Partial Change to Asset Management Guidelines
Announces partial changes to the asset management guidelines. Investment areas for office and retail properties focus on Tokyo Metropolis and surrounding areas, with the Tokyo metropolitan area added as a similar economic zone for retail properties. The Network Center has...
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【Uncertain】Asset Replacement Strategy in 2026 and Ginza Area Approach | June 2026
Hulic is advancing its asset replacement in the Ginza area, acquiring three properties and divesting two properties. The strategy aims to improve profitability and asset value in the medium term.
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【Hulic Reit】Fundraising and Increase in Borrowings|June 2026
Hulic Reit Investment Corporation conducted borrowing of JPY 4.6 billion, resulting in an approximately JPY 1.95 billion increase in total liabilities. The funds are allocated for asset acquisitions.
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Hulic REIT Investment Corporation Executes Asset Swap | June 2026
Hulic REIT Investment Corporation has decided to undertake an asset swap on June 25, 2026, exchanging office and commercial facilities in Ginza for assets in the Tokyo metropolitan area. The acquired assets total approximately JPY 22.863 billion, while the transferred...
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Comprehensive Resolution for Investment Corporation Bond Issuance | June 4, 2026
Hulic REIT Investment Corporation plans to issue multiple unsecured domestic investment corporation bonds totaling up to 15 billion yen between July and December 2026. The funds will be used for asset acquisitions, debt repayment, bond redemption, and working capital.
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Latest News (5 items)
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Average Analyst Rating: none
Average Target Price: ¥177,250
Rating Score: 2.75 (Based on 4 analysts)
※1=Strong Buy, 5=Strong Sell
Company Information
About
Hulic Reit, Inc. with Hulic Reit Management Co., Ltd. (hereinafter referred to as the, which is entrusted with the management of the assets of the Investment Corporation. As the organizer under the Act on Investment Trusts and Investment Corporations of Japan (hereinafter referred to as the Investment Trust Act). On November 25, 2013, the Investment Corporation was registered with the Director-General of the Kanto Local Finance Bureau (registration number: Director-General of the Kanto Local Finance Bureau No. 88). The Investment Corporation issued new investment units through a public offering with the payment date on February 6, 2014, which were listed on the Real Estate Investment Trust Securities (J-REIT) Market of Tokyo Stock Exchange, Inc. on February 7, 2014. New investment units were issued through a third-party allotment on March 7, 2014. The Investment Corporation recently carried out capital increases through its eighth public offering after its listing on October 27, 2021 and a third-party allotment on November 22, 2021. As a result, the number of investment units issued as of August 31, 2025 (hereinafter, the end of the reporting period) was 1,440,000. The Investment Corporation primarily invests in and manages office buildings and retail facilities. Hulic Reit, Inc. November 07, 2013 and incorporated in Japan.