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* 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.
TSE:8975 vs BXP, ARE, VNO: Days Payable Comparison
For the REIT - Office subindustry, Ichigo Office REIT Investment's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Ichigo Office REIT Investment Days Payable vs REITs Industry
For the REITs industry and Real Estate sector, Ichigo Office REIT Investment's Days Payable distribution charts can be found below:
* The bar in red indicates where Ichigo Office REIT Investment's Days Payable falls into.
Ichigo Office REIT Investment Days Payable Calculation
Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.
* 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 Office REIT Investment (TSE:8975) has a Days Payable of 84.00 as of Apr. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Ichigo Office REIT Investment and its competitors. This is 119% above median its historical median of 38.37. Over the past decade, Ichigo Office REIT Investment's Days Payable has ranged from 25.42 to 83.59. According to the industry distribution chart, Ichigo Office REIT Investment ranks #316 out of 536 companies in the REITs industry, placing it in the top 59%.
Is Ichigo Office REIT Investment's Days Payable too high?
Ichigo Office REIT Investment's current Days Payable of 84.00 is 119% above median its 10-year median of 38.37. Over the past 10 years, this metric has ranged from a low of 25.42 to a high of 83.59. The REITs industry median Days Payable is 112.59. Ichigo Office REIT Investment's value of 84.00 is 25.4% below this industry median. Based on the distribution chart, Ichigo Office REIT Investment ranks #316 out of 536 companies in the REITs industry, which is below the industry midpoint. Overall, Ichigo Office REIT Investment has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ichigo Office REIT Investment's Days Payable compare to BXP and ARE?
According to the REITs industry distribution chart, Ichigo Office REIT Investment ranks #316 out of 536 companies for Days Payable. This places Ichigo Office REIT Investment in the lower half of its industry. The industry median Days Payable is 112.59. Ichigo Office REIT Investment's value of 84.00 is 25.4% below this benchmark. Historically, Ichigo Office REIT Investment's own Days Payable has ranged from 25.42 to 83.59 over the past decade. While the company's 10-year median is 38.37 vs. the industry median of 112.59, Ichigo Office REIT Investment has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a REITs company?
The median Days Payable among REITs companies is 112.59, based on 536 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ichigo Office REIT Investment's current Days Payable of 84.00 is 25.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Ichigo Office REIT Investment and its competitors. For the REITs industry, the median Days Payable is 112.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ichigo Office REIT Investment's current Days Payable is 84.00, which is 119% above median its own 10-year median of 38.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ichigo Office REIT Investment stock overvalued right now?
Based on GuruFocus' analysis, Ichigo Office REIT Investment (TSE:8975) is currently considered Fairly Valued. The stock's GF Value™ is 円88,031.39, compared to a current price of 円96,000.00 — trading 9.1% above its estimated fair value. The current Days Payable is 84.00, which is 119% above median its 10-year median of 38.37 and 25.4% below the REITs industry median of 112.59. Ichigo Office REIT Investment's overall GF Score™ is 67/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Ichigo Office REIT Investment (TSE:8975), the current Days Payable is 84.00 as of Apr. 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 Office REIT Investment (TSE:8975) Overvalued in 2026?
Based on GuruFocus' analysis, Ichigo Office REIT Investment stock appears to be overvalued.
The current stock price of 円96,000.00 is trading 9.1% above its estimated GF Value™ of 円88,031.39.
GuruFocus considers Ichigo Office REIT Investment to be Fairly Valued.
Key valuation signals for TSE:8975:
Days Payable: 84.00 (119% above median its 10-year median of 38.37)
GF Value™: 円88,031.39 vs. price of 円96,000.00 (9.1% above fair value)
Industry Position: 25.4% below the REITs median (#316 of 536)
No single metric tells the full story. See the TSE:8975 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ichigo Office REIT Investment Corp is investment company operating in Japan. Its investment strategy is focused on mid-size offices which offer return stability and upside potential. The company seeks to drive higher earnings and sustainable growth for its shareholders by increasing the value of its assets through a wide array of value-add activities, including tailored tenant services, structural building improvements, and targeted tenant leasing. It provides stable cash flows, supporting stable dividends and upside for shareholders through rental income earned in mid-size offices.
67GF Score
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