Ichigo Hotel REIT Investment (TSE:3463) Construction In Progress: 円28 Mil (As of Jan. 2026)


TSE:3463 Ichigo Hotel REIT Investment Corp TSE:3463
66 GF Score
Price 円118,800.00
GF Value 円168,081.11
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Ichigo Hotel REIT Investment Construction In Progress?

Ichigo Hotel REIT Investment TSE:3463 -0.25% 66 Construction In Progress is 円28 Mil as of Jan. 2026. GuruFocus rates TSE:3463 with a GF Score™ of 66/100 and a GF Value™ of 円168,081.11 (Modestly Undervalued). The stock has 5 warning signs investors should review.

Ichigo Hotel REIT Investment's quarterly construction in progress increased from Jan. 2025 (円21 Mil) to Jul. 2025 (円23 Mil) and increased from Jul. 2025 (円23 Mil) to Jan. 2026 (円28 Mil).

Ichigo Hotel REIT Investment's annual construction in progress declined from Jul. 2023 (円19 Mil) to Jul. 2024 (円15 Mil) but then increased from Jul. 2024 (円15 Mil) to Jul. 2025 (円23 Mil).

Ichigo Hotel REIT Investment Construction In Progress Historical Data

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The historical data trend for Ichigo Hotel 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.

Ichigo Hotel REIT Investment Construction In Progress Chart

Ichigo Hotel 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 16.31 18.02 18.86 14.74 22.99

Ichigo Hotel 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 17.72 14.74 20.69 22.99 27.58
TSE:3463
66GF Score
Ichigo Hotel REIT Investment Corp TSE:3463
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Ichigo Hotel 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28 Mil mean?
Ichigo Hotel REIT Investment (TSE:3463) has a Construction In Progress of 円28 Mil as of Jan. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Ichigo Hotel REIT Investment and its competitors.
Is Ichigo Hotel REIT Investment's Construction In Progress too high?
Ichigo Hotel REIT Investment's current Construction In Progress is 円28 Mil. Overall, Ichigo Hotel REIT Investment has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ichigo Hotel REIT Investment's Construction In Progress compare to HST and RHP?
Ichigo Hotel REIT Investment's Construction In Progress of 円28 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 Ichigo Hotel REIT Investment and its competitors. Ichigo Hotel REIT Investment's current Construction In Progress is 円28 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ichigo Hotel REIT Investment stock overvalued right now?
Based on GuruFocus' analysis, Ichigo Hotel REIT Investment (TSE:3463) is currently considered Modestly Undervalued. The stock's GF Value™ is 円168,081.11, compared to a current price of 円118,800.00 — trading 29.3% below its estimated fair value. The current Construction In Progress is 円28 Mil. Ichigo Hotel REIT Investment's overall GF Score™ is 66/100 with 5 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 Ichigo Hotel REIT Investment (TSE:3463), the current Construction In Progress is 円28 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 Ichigo Hotel REIT Investment (TSE:3463) Overvalued in 2026?

Based on GuruFocus' analysis, Ichigo Hotel REIT Investment stock appears to be undervalued. The current stock price of 円118,800.00 is trading 29.3% below its estimated GF Value™ of 円168,081.11. GuruFocus considers Ichigo Hotel REIT Investment to be Modestly Undervalued.

Key valuation signals for TSE:3463:

  • Construction In Progress: 円28 Mil
  • GF Value™: 円168,081.11 vs. price of 円118,800.00 (29.3% below fair value)
  • GF Score™: 66/100 with 5 warning signs

No single metric tells the full story. See the TSE:3463 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Ichigo Hotel REIT Investment Business Description

Industry Real EstateREITs
Address Marunouchi Park Building, 2-6-1 Marunouchi, 20th floor, Chiyoda-ku, Tokyo, JPN, 100-6920
Ichigo Hotel REIT Investment Corp operates as a real estate investment trust (REIT) investing in hotel properties. Its investment portfolio includes hotel properties in Sapporo, Kushiro, Yokohama, Tokyo, Hamamatsu, Nagoya, Tokoname, Suzuka, Kyoto, Kobe, Okayama, Osaka, Matsuyama, Hiroshima, Fukuoka and Okinawa.
66GF Score

Get the complete analysis for TSE:3463

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

円118,800.00
Price
円168,081.11
GF Value