Mori Hills Reit Investment (TSE:3234) Construction In Progress: 円36 Mil (As of Jan. 2026)

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TSE:3234 Mori Hills Reit Investment Corp TSE:3234
64 GF Score
Price 円131,800.00
GF Value 円142,591.00
Valuation Fairly Valued
! 3 Warning Signs
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What is Mori Hills Reit Investment Construction In Progress?

Mori Hills Reit Investment TSE:3234 +0.53% 64 Construction In Progress is 円36 Mil as of Jan. 2026. GuruFocus rates TSE:3234 with a GF Score™ of 64/100 and a GF Value™ of 円142,591.00 (Fairly Valued). The stock has 3 warning signs investors should review.

Mori Hills Reit Investment's quarterly construction in progress increased from Jan. 2025 (円46 Mil) to Jul. 2025 (円52 Mil) but then declined from Jul. 2025 (円52 Mil) to Jan. 2026 (円36 Mil).

Mori Hills Reit Investment's annual construction in progress increased from Jul. 2023 (円20 Mil) to Jul. 2024 (円26 Mil) and increased from Jul. 2024 (円26 Mil) to Jul. 2025 (円52 Mil).

Mori Hills Reit Investment Construction In Progress Historical Data

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The historical data trend for Mori Hills Reit Investment's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Mori Hills Reit Investment Construction In Progress Chart

Mori Hills Reit Investment Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.20 18.31 20.02 26.10 52.46

Mori Hills Reit Investment Semi-Annual Data
Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 19.99 26.10 45.74 52.46 36.19
TSE:3234
64GF Score
Mori Hills Reit Investment Corp TSE:3234
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Mori Hills Reit Investment Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of 円36 Mil mean?
Mori Hills Reit Investment (TSE:3234) has a Construction In Progress of 円36 Mil as of Jan. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Mori Hills Reit Investment and its competitors.
Is Mori Hills Reit Investment's Construction In Progress too high?
Mori Hills Reit Investment's current Construction In Progress is 円36 Mil. Overall, Mori Hills Reit Investment has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mori Hills Reit Investment's Construction In Progress compare to VICI and WPC?
Mori Hills Reit Investment's Construction In Progress of 円36 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a REITs company?
A good Construction In Progress depends on the REITs industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Mori Hills Reit Investment and its competitors. Mori Hills Reit Investment's current Construction In Progress is 円36 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mori Hills Reit Investment stock overvalued right now?
Based on GuruFocus' analysis, Mori Hills Reit Investment (TSE:3234) is currently considered Fairly Valued. The stock's GF Value™ is 円142,591.00, compared to a current price of 円131,800.00 — trading 7.6% below its estimated fair value. The current Construction In Progress is 円36 Mil. Mori Hills Reit Investment's overall GF Score™ is 64/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Mori Hills Reit Investment (TSE:3234), the current Construction In Progress is 円36 Mil as of Jan. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Mori Hills Reit Investment (TSE:3234) Overvalued in 2026?

Based on GuruFocus' analysis, Mori Hills Reit Investment stock appears to be undervalued. The current stock price of 円131,800.00 is trading 7.6% below its estimated GF Value™ of 円142,591.00. GuruFocus considers Mori Hills Reit Investment to be Fairly Valued.

Key valuation signals for TSE:3234:

  • Construction In Progress: 円36 Mil
  • GF Value™: 円142,591.00 vs. price of 円131,800.00 (7.6% below fair value)
  • GF Score™: 64/100 with 3 warning signs

No single metric tells the full story. See the TSE:3234 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Mori Hills Reit Investment Business Description

Industry Real EstateREITs
Address 1-12-32 Akasaka, ARK Mori Building, Minato-ku, Tokyo, JPN, 107-6011
Mori Hills Reit Investment Corp is engaged in real estate investment, leasing, and management. The firm's primary objective is to secure steady growth in its portfolio and to maximize unitholders' value by making selective investments that mainly target areas and real estate properties. The company's real estate portfolio, as of the end of the twenty-first fiscal period, was comprised of ten properties. The company owns real estate office buildings and residential and retail properties available for lease in Tokyo.
64GF Score

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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円131,800.00
Price
円142,591.00
GF Value