Cash flow KDX Realty Investment Corporation

Stocks

8972

JP3046270009

Diversified REITs

Market Closed - Japan Exchange Other stock markets 12:00:00 17/07/2026 pm IST			5-day change	1st Jan Change
1,57,200.00 ^JPY	+1.42%		+0.90%	-10.63%

29/06	KDX Realty Investment Locks In 3 Billion Yen Fixed-Rate Loan	MT
26/06	KDX Realty Investment Sets Interest Rates on 1.5 Billion Yen Debt Financing	MT

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Published financial data: KDX REALTY INVESTMENT CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: April	2021	2022	2023	2024	2025
Rental Revenues	3.07TCr	3.01TCr	2.77TCr	4.65TCr	6.63TCr
Interest and Investment Income, Total (Revenue Block)	13Cr	8.91Cr	11Cr	6.25Cr	-
Gain (Loss) on Sale of Assets, Total (Rev)	218.62Cr	77Cr	140.94Cr	149.46Cr	269.3Cr
Gain (Loss) on Sale of Investments, Total (Rev)	-	-	-	109.62Cr	-
Other Revenues, Total	3T	2T	429.52Cr	613.19Cr	922.51Cr
Total Revenues	3.3TCr	3.09TCr	3.36TCr	5.53TCr	7.83TCr
Property Expenses	1.62TCr	1.63TCr	1.76TCr	2.61TCr	3.76TCr
Selling General & Admin Expenses, Total	16Cr	16Cr	16Cr	17Cr	22Cr
Other Operating Expenses	16Cr	17Cr	22Cr	78Cr	113.75Cr
Total Operating Expenses	1.65TCr	1.66TCr	1.8TCr	2.71TCr	3.9TCr
Operating Income (REIT / Utility Template)	1.65TCr	1.43TCr	1.55TCr	2.82TCr	3.93TCr
Interest Expense, Total	-165.74Cr	-158.2Cr	-154.48Cr	-290.53Cr	-471.09Cr
Interest and Investment Income	8L	9L	12.71L	9L	2.24Cr
Net Interest Expenses	-165.66Cr	-158.11Cr	-154.36Cr	-290.44Cr	-468.85Cr
Other Non Operating Income (Expenses)	-34Cr	-30Cr	-33Cr	-31Cr	-37Cr
EBT, Excl. Unusual Items	1.45TCr	1.24TCr	1.37TCr	2.5TCr	3.42TCr
Total Merger & Related Restructuring Charges	-	-	-	-340.74Cr	-
Gain (Loss) on Sale of Assets	-20Cr	-	-	-	-
Asset Writedown	-	-	-	-	-36Cr
Other Unusual Items	-	-	-	1.73TCr	-
EBT, Incl. Unusual Items	1.43TCr	1.24TCr	1.37TCr	3.9TCr	3.39TCr
Income Tax Expense	24.16L	24.25L	43.57L	19.82L	12.1L
Earnings From Continuing Operations	1.43TCr	1.24TCr	1.37TCr	3.9TCr	3.39TCr
Net Income to Company	1.43TCr	1.24TCr	1.37TCr	3.9TCr	3.39TCr
Net Income - (IS)	1.43TCr	1.24TCr	1.37TCr	3.9TCr	3.39TCr
Net Income to Common Incl Extra Items	1.43TCr	1.24TCr	1.37TCr	3.9TCr	3.39TCr
Net Income to Common Excl. Extra Items	1.43TCr	1.24TCr	1.37TCr	3.9TCr	3.39TCr
Per Share Items
Net EPS - Basic	8.36T	7.24T	8.03T	13.36T	8.32T
Basic EPS - Continuing Operations	8.36T	7.24T	8.03T	13.36T	8.32T
Basic Weighted Average Shares Outstanding	17.14L	17.14L	17.01L	29.15L	40.68L
Net EPS - Diluted	8.36T	7.24T	8.03T	13.36T	8.32T
Diluted EPS - Continuing Operations	8.36T	7.24T	8.03T	13.36T	8.32T
Diluted Weighted Average Shares Outstanding	17.14L	17.14L	17.01L	29.15L	40.68L
Normalized Basic EPS	5.3T	4.52T	5.02T	5.37T	5.26T
Normalized Diluted EPS	5.3T	4.52T	5.02T	5.37T	5.26T
Dividend Per Share	7.69T	7T	7.45T	7.8T	8.08T
Payout Ratio	89.12	101.48	88.92	51.15	95.85
Supplemental Items
EBITDA	2.16TCr	1.94TCr	2.08TCr	3.57TCr	4.94TCr
EBITA	1.65TCr	1.43TCr	1.55TCr	2.83TCr	3.93TCr
EBIT	1.65TCr	1.43TCr	1.55TCr	2.82TCr	3.93TCr
Total Revenues (As Reported)	3.3TCr	3.09TCr	3.36TCr	5.53TCr	7.83TCr
Effective Tax Rate - (Ratio)	0.02	0.02	0.03	0	0
Total Current Taxes	24.14L	24.21L	45.03L	18.06L	12.1L
Total Deferred Taxes	2T	4T	-1L	2L	-
Normalized Net Income	907.99Cr	775.57Cr	853.83Cr	1.56TCr	2.14TCr
Interest on Long-Term Debt	7.55Cr	8.37Cr	8.69Cr	14Cr	19Cr
Supplemental Operating Expense Items
General and Administrative Expenses	16Cr	16Cr	16Cr	17Cr	22Cr
Maintenance & Repair Expenses, Total	80Cr	74Cr	75Cr	141.01Cr	184.13Cr

Fiscal Period: April	2021	2022	2023	2024	2025
Assets
Gross Property Plant And Equipment	47TCr	48TCr	49TCr	1,21200Cr	1,23100Cr
Accumulated Depreciation	-4.51TCr	-5.03TCr	-5.41TCr	-5.91TCr	-6.62TCr
Net Property Plant And Equipment	42TCr	43TCr	43TCr	1,15300Cr	1,16500Cr
Total Real Estate Assets	42TCr	43TCr	43TCr	1,15300Cr	1,16500Cr
Cash And Equivalents	1.85TCr	2.3TCr	2.69TCr	3.21TCr	3.26TCr
Accounts Receivable, Total	26Cr	28Cr	35Cr	69Cr	92Cr
Other Receivables	-	-	-	84Cr	-
Investment In Debt and Equity Securities	113.5Cr	113.69Cr	113.62Cr	-	-
Other Intangibles, Total	63Cr	63Cr	63Cr	767.48Cr	766.98Cr
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	1.01TCr	1.01TCr	1.05TCr	2.96TCr	2.92TCr
Other Current Assets, Total	182.94Cr	155.56Cr	125.76Cr	155.97Cr	177.66Cr
Deferred Charges Long-Term	5.14Cr	5.12Cr	4.58Cr	3.1Cr	6Cr
Other Long-Term Assets, Total	132.82Cr	165.53Cr	174.36Cr	714.81Cr	803.26Cr
Total Assets	46TCr	46TCr	47TCr	1,23300Cr	1,24600Cr
Liabilities
Current Portion of Long-Term Debt	2.17TCr	1.44TCr	2.17TCr	6.4TCr	8.07TCr
Short-Term Borrowings	680Cr	860Cr	30Cr	890Cr	1TCr
Long-Term Debt	17TCr	18TCr	19TCr	47TCr	47TCr
Accounts Payable, Total	165.83Cr	175.95Cr	152.78Cr	244.77Cr	263.94Cr
Accrued Expenses, Total	55Cr	31Cr	54Cr	47Cr	69Cr
Current Income Taxes Payable	8L	8L	15.09L	6L	6L
Unearned Revenue, Current	285.15Cr	284.56Cr	287.45Cr	599.63Cr	608.87Cr
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	61Cr	59Cr	82Cr	176.51Cr	227.81Cr
Other Non Current Liabilities	2.21TCr	2.24TCr	2.31TCr	4.47TCr	4.44TCr
Total Liabilities	23TCr	23TCr	24TCr	60TCr	61TCr
Common Stock, Total	22TCr	22TCr	22TCr	22TCr	22TCr
Additional Paid In Capital	-	-	-	38TCr	39TCr
Retained Earnings	1.05TCr	1.03TCr	1.18TCr	3.77TCr	3.91TCr
Comprehensive Income and Other	-50Cr	47Cr	-232.49Cr	38Cr	-1.42TCr
Total Common Equity	23TCr	23TCr	23TCr	63TCr	63TCr
Total Equity	23TCr	23TCr	23TCr	63TCr	63TCr
Total Liabilities And Equity	46TCr	46TCr	47TCr	1,23300Cr	1,24600Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	17.14L	17.14L	41.43L	40.79L	40.39L
ECS Total Common Shares Outstanding	17.14L	17.14L	16.97L	40.79L	40.39L
Book Value / Share	1L	1L	1L	2L	2L
Tangible Book Value	23TCr	23TCr	23TCr	63TCr	62TCr
Tangible Book Value Per Share	1L	1L	1L	2L	2L
Total Debt	20TCr	21TCr	21TCr	54TCr	56TCr
Net Debt	18TCr	18TCr	19TCr	51TCr	53TCr
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	32TCr	32TCr	33TCr	86TCr	87TCr
Buildings, Total	15TCr	15TCr	15TCr	34TCr	35TCr
Machinery, Total	312.34Cr	337.55Cr	357.73Cr	582.29Cr	645.13Cr

Fiscal Period: April	2021	2022	2023	2024	2025
Net Income	1.43TCr	1.24TCr	1.37TCr	3.9TCr	3.39TCr
Depreciation, Depletion & Amortization	507.04Cr	515.4Cr	524.76Cr	741.56Cr	1.01TCr
Amortization of Goodwill and Intangible Assets - (CF)	26.07L	16.09L	15.84L	1.03Cr	1.94Cr
Total Depreciation, Depletion & Amortization	507.3Cr	515.56Cr	524.92Cr	742.59Cr	1.01TCr
Amortization of Deferred Charges, Total	27Cr	25Cr	25Cr	1.47Cr	1.2Cr
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-109.62Cr	-
Total Asset Writedown	-	-	-	-	36Cr
Change in Accounts Receivable	2.16Cr	-2.39Cr	-7.31Cr	-3.79Cr	-23Cr
Change in Accounts Payable	-28.13L	21Cr	-37.09L	-84Cr	3.83Cr
Change in Unearned Revenues	3Cr	-59.28L	2.9Cr	9.64Cr	9.24Cr
Change in Other Net Operating Assets (Collected)	832.18Cr	57Cr	486.17Cr	648.11Cr	2.84TCr
Other Operating Activities	-2.66Cr	-3.46Cr	-1.56Cr	-1.7TCr	52Cr
Cash from Operations	2.8TCr	1.85TCr	2.4TCr	3.4TCr	7.31TCr
Acquisition of Real Estate Assets, Total	-1.87TCr	-850.65Cr	-1.55TCr	-4.98TCr	-4.91TCr
Net Sale / Acquisition of Real Estate Assets	-1.87TCr	-850.65Cr	-1.55TCr	-4.98TCr	-4.91TCr
Purchase / Sale of Intangible Assets	-27T	-	-	-74.3L	-1.44Cr
Investment in Marketable and Equity Securities, Total	-	-	-	226.14Cr	-6.73Cr
Other Investing Activities, Total	94Cr	77Cr	108.23Cr	18Cr	-13Cr
Cash from Investing	-1.77TCr	-773.34Cr	-1.44TCr	-4.74TCr	-4.93TCr
Short Term Debt Issued, Total	980Cr	1.41TCr	780Cr	1.56TCr	1.06TCr
Long-Term Debt Issued, Total	3.17TCr	2.63TCr	3.25TCr	7.95TCr	8.22TCr
Total Debt Issued	4.15TCr	4.04TCr	4.03TCr	9.51TCr	9.29TCr
Short Term Debt Repaid, Total	-1.25TCr	-1.23TCr	-1.61TCr	-1.48TCr	-955Cr
Long-Term Debt Repaid, Total	-2.23TCr	-2.17TCr	-1.44TCr	-5.2TCr	-6.85TCr
Total Debt Repaid	-3.48TCr	-3.4TCr	-3.06TCr	-6.68TCr	-7.81TCr
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-	-	-300.03Cr	-999.99Cr	-599.99Cr
Common Dividends Paid	-1.28TCr	-1.26TCr	-1.21TCr	-1.99TCr	-3.25TCr
Common & Preferred Stock Dividends Paid	-1.28TCr	-1.26TCr	-1.21TCr	-1.99TCr	-3.25TCr
Other Financing Activities, Total	-32.28L	-1T	-1T	-1T	-
Cash from Financing	-607.85Cr	-620.42Cr	-535.44Cr	-162.7Cr	-2.36TCr
Miscellaneous Cash Flow Adjustments	-	-	-1T	3.94TCr	-1T
Net Change in Cash	422.28Cr	458.89Cr	417.76Cr	2.44TCr	14Cr
Supplemental Items
Cash Interest Paid	164.11Cr	155.56Cr	151.25Cr	258.53Cr	412.94Cr
Cash Income Tax Paid (Refund)	15.99L	16.04L	16.38L	69.7L	37.08L
Net Debt Issued / Repaid	669.21Cr	638.61Cr	979.01Cr	2.83TCr	1.48TCr
Levered Free Cash Flow	1.53TCr	1.34TCr	1.44TCr	754.97Cr	3.35TCr
Unlevered Free Cash Flow	1.64TCr	1.44TCr	1.53TCr	935.07Cr	3.64TCr
Change In Net Working Capital	-71Cr	-7.22Cr	-15Cr	1.57TCr	-180.05Cr

Fiscal Period: April	2021	2022	2023	2024	2025
Profitability
Return on Assets	2.28	1.94	2.07	2.07	1.98
Return on Total Capital	2.43	2.06	2.2	2.18	2.07
Return On Equity %	6.22	5.36	5.91	9.01	5.35
Return on Common Equity	6.22	5.36	5.91	9.01	5.35
Margin Analysis
Gross Profit Margin %	51.02	47.27	47.42	52.8	51.94
SG&A Margin	0.48	0.51	0.48	0.31	0.29
EBITDA Margin %	65.42	62.88	61.94	64.5	63.11
EBITA Margin %	50.06	46.21	46.31	51.09	50.22
EBIT Margin %	50.05	46.2	46.3	51.07	50.2
Income From Continuing Operations Margin %	43.39	40.13	40.7	70.44	43.27
Net Income Margin %	43.39	40.13	40.7	70.44	43.27
Net Avail. For Common Margin %	43.39	40.13	40.7	70.44	43.27
Normalized Net Income Margin	27.5	25.08	25.44	28.28	27.33
Levered Free Cash Flow Margin	46.47	43.38	42.89	13.65	42.82
Unlevered Free Cash Flow Margin	49.58	46.54	45.72	16.91	46.56
Asset Turnover
Asset Turnover	0.07	0.07	0.07	0.06	0.06
Fixed Assets Turnover	0.08	0.07	0.08	0.07	0.07
Receivables Turnover (Average Receivables)	115.15	112.26	87.7	89.61	82.64
Short Term Liquidity
Current Ratio	0.9	1.23	1.4	0.78	0.63
Quick Ratio	0.55	0.82	0.98	0.4	0.33
Operating Cash Flow to Current Liabilities	0.82	0.65	0.86	0.41	0.71
Days Sales Outstanding (Average Receivables)	3.17	3.25	4.16	4.08	4.42
Average Days Payable Outstanding	28.08	38.26	34	27.86	24.69
Long Term Solvency
Total Debt/Equity	86.05	88.52	93.26	85.58	88.36
Total Debt / Total Capital	46.25	46.95	48.26	46.11	46.91
LT Debt/Equity	73.71	78.57	83.72	74.09	74
Long-Term Debt / Total Capital	39.62	41.68	43.32	39.92	39.29
Total Liabilities / Total Assets	49.51	50.14	51.4	48.54	49.3
EBIT / Interest Expense	9.97	9.03	10.06	9.72	8.34
EBITDA / Interest Expense	13.03	12.29	13.46	12.28	10.48
(EBITDA - Capex) / Interest Expense	13.03	12.29	13.46	12.28	10.48
Total Debt / EBITDA	9.2	10.55	10.34	15.22	11.3
Net Debt / EBITDA	8.35	9.37	9.05	14.32	10.64
Total Debt / (EBITDA - Capex)	9.2	10.55	10.34	15.22	11.3
Net Debt / (EBITDA - Capex)	8.35	9.37	9.05	14.32	10.64
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	8.96	-6.35	8.53	64.82	41.48
Gross Profit, 1 Yr. Growth %	17.61	-13.23	8.87	83.5	39.18
EBITDA, 1 Yr. Growth %	14.51	-9.98	6.92	71.62	38.42
EBITA, 1 Yr. Growth %	18.29	-13.55	8.76	81.86	39.07
EBIT, 1 Yr. Growth %	18.3	-13.55	8.76	81.81	39.06
Earnings From Cont. Operations, 1 Yr. Growth %	19.18	-13.4	10.08	185.27	-13.08
Net Income, 1 Yr. Growth %	19.18	-13.4	10.08	185.27	-13.08
Diluted EPS Before Extra, 1 Yr. Growth %	19.18	-13.4	10.92	66.43	-37.72
Normalized Net Income, 1 Yr. Growth %	20.83	-14.58	10.09	83.22	36.71
Net Property, Plant and Equip., 1 Yr. Growth %	1.36	0.62	1.28	167.13	1.02
Accounts Receivable, 1 Yr. Growth %	-7.8	9.35	26.14	94.3	34.15
Total Assets, 1 Yr. Growth %	2.19	1.59	2.04	159.99	1.01
Common Equity, 1 Yr. Growth %	0.61	0.34	-0.55	175.33	-0.49
Tangible Book Value, 1 Yr. Growth %	0.61	0.34	-0.55	172.74	-0.5
Cash From Operations, 1 Yr. Growth %	63.47	-33.86	29.33	41.73	115.29
Levered Free Cash Flow, 1 Yr. Growth %	29.07	-12.57	7.3	-47.55	343.8
Unlevered Free Cash Flow, 1 Yr. Growth %	26.67	-12.09	6.64	-39.06	289.67
Dividend Per Share, 1 Yr. Growth %	9.69	-9	6.36	4.75	3.53
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	3.82	1.02	0.82	33.75	52.71
Gross Profit, 2 Yr. CAGR %	7.22	1.02	-2.81	41.34	59.81
EBITDA, 2 Yr. CAGR %	6.47	1.53	-1.89	35.46	54.13
EBITA, 2 Yr. CAGR %	7.41	1.12	-3.03	40.64	59.03
EBIT, 2 Yr. CAGR %	7.41	1.13	-3.03	40.62	59
Earnings From Cont. Operations, 2 Yr. CAGR %	7.98	1.59	-2.36	77.21	57.46
Net Income, 2 Yr. CAGR %	7.98	1.59	-2.36	77.21	57.46
Diluted EPS Before Extra, 2 Yr. CAGR %	7.76	1.59	-1.99	35.87	1.82
Normalized Net Income, 2 Yr. CAGR %	8.73	1.59	-3.03	42.02	58.27
Net Property, Plant and Equip., 2 Yr. CAGR %	2.59	0.99	0.95	64.48	64.28
Accounts Receivable, 2 Yr. CAGR %	-7.47	0.41	17.45	56.56	61.45
Total Assets, 2 Yr. CAGR %	2.35	1.89	1.82	62.88	62.05
Common Equity, 2 Yr. CAGR %	0.34	0.47	-0.11	65.47	65.52
Tangible Book Value, 2 Yr. CAGR %	0.34	0.47	-0.11	64.69	64.74
Cash From Operations, 2 Yr. CAGR %	-1.59	3.98	-7.51	35.39	74.68
Levered Free Cash Flow, 2 Yr. CAGR %	7.24	6.23	-3.14	-24.98	52.57
Unlevered Free Cash Flow, 2 Yr. CAGR %	6.61	5.53	-3.18	-19.39	54.1
Dividend Per Share, 2 Yr. CAGR %	6.4	-0.09	-1.62	5.56	4.14
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	4.75	0.31	3.46	18.77	36.28
Gross Profit, 3 Yr. CAGR %	7.87	-0.09	3.57	20.13	40.62
EBITDA, 3 Yr. CAGR %	6.93	0.68	3.3	18.21	36.44
EBITA, 3 Yr. CAGR %	8.12	-0.09	3.61	19.58	40.11
EBIT, 3 Yr. CAGR %	8.12	-0.08	3.61	19.57	40.1
Earnings From Cont. Operations, 3 Yr. CAGR %	11.2	0.32	4.35	39.58	39.75
Net Income, 3 Yr. CAGR %	11.2	0.32	4.35	39.58	39.75
Diluted EPS Before Extra, 3 Yr. CAGR %	9.12	0.18	4.61	16.93	4.76
Normalized Net Income, 3 Yr. CAGR %	9.75	0.32	4.35	19.88	40.23
Net Property, Plant and Equip., 3 Yr. CAGR %	2.31	1.93	1.08	39.63	39.81
Accounts Receivable, 3 Yr. CAGR %	-6.02	-2.17	8.34	38.91	48.7
Total Assets, 3 Yr. CAGR %	2.65	2.1	1.94	39.16	38.9
Common Equity, 3 Yr. CAGR %	2.64	0.34	0.13	40.06	39.67
Tangible Book Value, 3 Yr. CAGR %	2.64	0.34	0.13	39.62	39.23
Cash From Operations, 3 Yr. CAGR %	-1.47	-13.8	11.82	6.63	58.03
Levered Free Cash Flow, 3 Yr. CAGR %	82.76	0.18	6.58	-21.05	35.68
Unlevered Free Cash Flow, 3 Yr. CAGR %	65.88	-0.02	5.89	-17.02	36.3
Dividend Per Share, 3 Yr. CAGR %	6.52	1	2.02	0.46	4.88
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	3.27	1.62	3.16	12.54	20.9
Gross Profit, 5 Yr. CAGR %	4.7	1.27	3.47	14.79	23.19
EBITDA, 5 Yr. CAGR %	3.78	1.18	3.31	13.37	21.23
EBITA, 5 Yr. CAGR %	4.96	1.37	3.51	14.56	22.98
EBIT, 5 Yr. CAGR %	4.96	1.37	3.51	14.55	22.97
Earnings From Cont. Operations, 5 Yr. CAGR %	8.84	5.82	5.56	25.96	23.02
Net Income, 5 Yr. CAGR %	8.84	5.82	5.56	25.96	23.02
Diluted EPS Before Extra, 5 Yr. CAGR %	7.61	4.62	4.53	13.17	3.48
Normalized Net Income, 5 Yr. CAGR %	7.09	2.42	4.45	15.29	23.27
Net Property, Plant and Equip., 5 Yr. CAGR %	1.95	2.18	1.76	23.43	22.75
Accounts Receivable, 5 Yr. CAGR %	-5.63	-3.22	2.74	18.07	27.08
Total Assets, 5 Yr. CAGR %	2.28	2.53	2.32	23.07	22.71
Common Equity, 5 Yr. CAGR %	1.68	1.7	1.53	22.56	22.43
Tangible Book Value, 5 Yr. CAGR %	1.65	1.71	1.53	22.33	22.2
Cash From Operations, 5 Yr. CAGR %	-3.51	-11.57	-3.94	3.26	33.67
Levered Free Cash Flow, 5 Yr. CAGR %	-4.43	0.49	41.77	-10.76	23.03
Unlevered Free Cash Flow, 5 Yr. CAGR %	-4.43	0.21	33.74	-8.27	23.04
Dividend Per Share, 5 Yr. CAGR %	7.93	3.92	3.19	2.8	2.86