MIRARTH Real Estate Investment (TSE:3492) Construction In Progress: 円0 Mil (As of Feb. 2026)

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TSE:3492 MIRARTH Real Estate Investment Corp TSE:3492
51 GF Score
Price 円82,800.00
GF Value 円103,806.55
Valuation Modestly Undervalued
! 5 Warning Signs
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What is MIRARTH Real Estate Investment Construction In Progress?

MIRARTH Real Estate Investment TSE:3492 -0.24% 51 Construction In Progress is 円0 Mil as of Feb. 2026. GuruFocus rates TSE:3492 with a GF Score™ of 51/100 and a GF Value™ of 円103,806.55 (Modestly Undervalued). The stock has 5 warning signs investors should review.

MIRARTH Real Estate Investment's quarterly construction in progress stayed the same from Feb. 2025 (円0 Mil) to Aug. 2025 (円0 Mil) and stayed the same from Aug. 2025 (円0 Mil) to Feb. 2026 (円0 Mil).

MIRARTH Real Estate Investment's annual construction in progress declined from Aug. 2023 (円18 Mil) to Aug. 2024 (円11 Mil) and declined from Aug. 2024 (円11 Mil) to Aug. 2025 (円0 Mil).

MIRARTH Real Estate Investment Construction In Progress Historical Data

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The historical data trend for MIRARTH Real Estate 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.

MIRARTH Real Estate Investment Construction In Progress Chart

MIRARTH Real Estate Investment Annual Data
Trend Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Construction In Progress
Get a 7-Day Free Trial 0.72 8.85 18.06 11.14 0.26

MIRARTH Real Estate Investment Semi-Annual Data
Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 20.15 11.14 0.26 0.26 0.26
TSE:3492
51GF Score
MIRARTH Real Estate Investment Corp TSE:3492
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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MIRARTH Real Estate 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0 Mil mean?
MIRARTH Real Estate Investment (TSE:3492) has a Construction In Progress of 円0 Mil as of Feb. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on MIRARTH Real Estate Investment and its competitors.
Is MIRARTH Real Estate Investment's Construction In Progress too high?
MIRARTH Real Estate Investment's current Construction In Progress is 円0 Mil. Overall, MIRARTH Real Estate Investment has a GF Score™ of 51/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MIRARTH Real Estate Investment's Construction In Progress compare to VICI and WPC?
MIRARTH Real Estate Investment's Construction In Progress of 円0 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 MIRARTH Real Estate Investment and its competitors. MIRARTH Real Estate Investment's current Construction In Progress is 円0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MIRARTH Real Estate Investment stock overvalued right now?
Based on GuruFocus' analysis, MIRARTH Real Estate Investment (TSE:3492) is currently considered Modestly Undervalued. The stock's GF Value™ is 円103,806.55, compared to a current price of 円82,800.00 — trading 20.2% below its estimated fair value. The current Construction In Progress is 円0 Mil. MIRARTH Real Estate Investment's overall GF Score™ is 51/100 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 MIRARTH Real Estate Investment (TSE:3492), the current Construction In Progress is 円0 Mil as of Feb. 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 MIRARTH Real Estate Investment (TSE:3492) Overvalued in 2026?

Based on GuruFocus' analysis, MIRARTH Real Estate Investment stock appears to be undervalued. The current stock price of 円82,800.00 is trading 20.2% below its estimated GF Value™ of 円103,806.55. GuruFocus considers MIRARTH Real Estate Investment to be Modestly Undervalued.

Key valuation signals for TSE:3492:

  • Construction In Progress: 円0 Mil
  • GF Value™: 円103,806.55 vs. price of 円82,800.00 (20.2% below fair value)
  • GF Score™: 51/100 with 5 warning signs

No single metric tells the full story. See the TSE:3492 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

MIRARTH Real Estate Investment Business Description

Industry Real EstateREITs
Address 2-2-1 Otemachi, Shin-Otemachi Building, 3rd Floor, Chiyoda-ku, Tokyo, JPN, 107-0052
MIRARTH Real Estate Investment Corp is a J-REIT that invests in residential properties, as well as office buildings, retail facilities, hotels, and other properties. It aims to build a diverse, comprehensive portfolio consisting of residential, office, hotel, commercial, and other properties by maximizing the strengths of each sponsor company through property development, property revitalization, and flexible property acquisition in the external real estate market.
51GF Score

Get the complete analysis for TSE:3492

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

円82,800.00
Price
円103,806.55
GF Value