Frontier Real Estate Investment Corporation

8964.T
REIT - Retail
2026/01/16 Updated
Market Cap: $1.6B (¥255.6B)
Stock Price: $596.30 (¥94,500)
Exchange Rate: 1 USD = ¥158.48

Stock Price Chart

2026/01/16 Updated
20.58
PER (Price Earnings Ratio)
vs Industry Avg: +11.0
1.46
PBR (Price to Book Ratio)
vs Industry Avg: +0.2
4.67%
Dividend Yield
vs Industry Avg: +1.72%

Price Trend

2026/01/16 Updated
Short-term
5-Day MA
+0.23%
Near-term
25-Day MA
+2.19%
Mid-term
75-Day MA
+4.82%
Long-term
200-Day MA
+12.35%

Price & Trading Details

2026/01/16 Updated

PRICE

Previous Close ¥94,200
Open ¥94,300
High ¥94,500
Low ¥93,900
Close ¥94,500

TRADING

Volume 5,814
Average Volume 5,229
Turnover ¥5億
Min. Purchase ¥9,450,000

Analyst Recommendations 5 analysts

Updated 2026/01/11
Strong Buy
0
Buy
1
1
Hold
4
4
Sell
0
Strong Sell
0
Target Price (Mean)
¥95,300
None
¥107,000
High
¥92,000
Median
¥83,500
Low
This information is based on market data from third-party data providers and is for reference only. Investment decisions are your own responsibility.

Shareholder Composition

Updated 2026/01/11
10.3%
Insider Holdings
51.5%
Institutional
38.2%
Public Float
113
Institutional Holders
Insider Holdings 10.3%
Institutional 51.5%
Public Float 38.2%

Dividend History

Updated 2026/01/11
-%
Dividend Yield
¥4,400
Annual Dividend
-0.1%
YoY Growth
92.0%
Payout Ratio
Year Dividend Change
2025 ¥4,400 -0.1%
2024 ¥4,406 +1.7%
2023 ¥4,332 -2.6%
2022 ¥4,448 +2.4%
2021 ¥4,344 -

Financial Performance

2026/01/11 Updated

Revenue & Profit

Margins

Cash Flow

Financial Health

2021 2022 2023 2024
Income Statement
Revenue ¥22,157M ¥22,955M ¥22,564M ¥24,450M
Gross Profit ¥13,410M ¥14,150M ¥13,911M ¥15,223M
Operating Income ¥11,999M ¥12,643M ¥12,427M ¥13,665M
Pretax Income ¥11,926M ¥12,598M ¥12,401M ¥13,604M
Net Income ¥11,425M ¥12,073M ¥11,850M ¥12,932M
EPS ¥4,344.73 - ¥4,380.66 ¥4,780.83
Operating Margin 54.15% 55.08% 55.08% 55.89%
Balance Sheet
Total Assets ¥330,060M - ¥336,333M ¥333,310M
Total Equity ¥174,447M - ¥174,392M ¥175,650M
Total Liabilities ¥155,613M - ¥161,942M ¥157,661M
Cash ¥8,100M - ¥13,528M ¥12,863M
Interest-bearing Debt ¥123,400M - ¥130,100M ¥127,700M
Equity Ratio 52.85% 0.00% 51.85% 52.70%
D/E Ratio 0.71 0.00 0.75 0.73
Cash Flow
Operating CF ¥15,022M ¥19,281M ¥21,153M ¥21,135M
Investing CF -¥23,780M -¥1,522M -¥16,363M -¥7,782M
Financing CF ¥10,509M -¥12,150M -¥5,125M -¥14,072M
Free CF -¥8,011M ¥18,645M ¥5,367M ¥14,225M
Efficiency
ROE 6.55% 0.00% 6.79% 7.36%
ROA 3.46% 0.00% 3.52% 3.88%

Latest IR Information

Latest News (5 items)

Company Information

English Name Frontier Real Estate Investment Corporation
Japanese Name フロンティア不動産投資法人
Stock Code 8964.T (JPX)
Sector / Industry Real Estate / REIT - Retail
Website https://www.frontier-reit.co.jp/

About

Frontier Real Estate Investment Corporation (the “Investment Corporation”) was established pursuant to the Investment Trust and Investment Corporation Act of Japan (Act No. 198 of 1951, including subsequent amendments; the “Investment Trust Act”) by Mitsui Fudosan Frontier REIT Management Inc. (formerly Frontier REIT Management Inc.; the “Asset Management Company”) on May 12, 2004. The Investment Corporation's investment units were listed on the Real Estate Investment Trust (J-REIT) Market of the Tokyo Stock Exchange on August 9, 2004 (Securities Code: 8964). The Investment Corporation is a “REIT specializing in retail facilities” investing primarily in real estate properties (including real estate in trust) used as retail facilities in Japan with the aim of securing stable earnings over the medium to long term. As a result of steadily building up a track record in management over the 21 years since its establishment, as of June 30, 2025, the Investment Corporation managed a total of 42 real estate properties (total acquisition price: ¥375,738 million).

Data provided by Yahoo Finance