Tokaido REIT (TSE:2989) EBITDA Margin %: 65.27% (As of Jan. 2026) — Near Median


TSE:2989 Tokaido REIT Inc TSE:2989
48 GF Score
Price 円102,800.00
GF Value 円129,417.27
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Tokaido REIT EBITDA Margin %?

Tokaido REIT TSE:2989 +0.49% 48 EBITDA Margin % is 65.27% as of Jan. 2026, which is 1% above its 10-year median of 64.42. GuruFocus rates TSE:2989 with a GF Score™ of 48/100 and a GF Value™ of 円129,417.27 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 747 REITs companies, Tokaido REIT ranks worse than 56.09% on this metric.

EBITDA Margin % is calculated as EBITDA divided by its Revenue. Tokaido REIT's EBITDA for the six months ended in Jan. 2026 was 円1,512 Mil. Tokaido REIT's Revenue for the six months ended in Jan. 2026 was 円2,316 Mil. Therefore, Tokaido REIT's EBITDA margin for the quarter that ended in Jan. 2026 was 65.27%.


Tokaido REIT  (TSE:2989) EBITDA Margin % Explanation

EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.


Tokaido REIT EBITDA Margin % Related Terms


Tokaido REIT EBITDA Margin % Historical Data

* Premium members only.

The historical data trend for Tokaido REIT's EBITDA Margin % 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.

Tokaido REIT EBITDA Margin % Chart

Tokaido REIT Annual Data
Trend Jul21 Jan22 Jul23 Jul24 Jul25
EBITDA Margin %
0.00 48.09 64.38 64.52 64.45

Tokaido REIT Semi-Annual Data
Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
EBITDA Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only 64.82 64.27 63.14 65.59 65.27

TSE:2989 vs VICI, WPC: EBITDA Margin % Comparison

For the REIT - Diversified subindustry, Tokaido REIT's EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % 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.


Tokaido REIT EBITDA Margin % vs REITs Industry

For the REITs industry and Real Estate sector, Tokaido REIT's EBITDA Margin % distribution charts can be found below:

* The bar in red indicates where Tokaido REIT's EBITDA Margin % falls into.


TSE:2989
48GF Score
Tokaido REIT Inc TSE:2989
EBITDA Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Tokaido REIT EBITDA Margin % Calculation

EBITDA margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent.

Tokaido REIT's EBITDA Margin % for the fiscal year that ended in Jul. 2025 is calculated as

EBITDA Margin %=EBITDA (A: Jul. 2025 )/Revenue (A: Jul. 2025 )
=2781.687/4315.92
=64.45 %

Tokaido REIT's EBITDA Margin % for the quarter that ended in Jan. 2026 is calculated as

EBITDA Margin %=EBITDA (Q: Jan. 2026 )/Revenue (Q: Jan. 2026 )
=1511.8/2316.312
=65.27 %

* 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.

Frequently Asked Questions Learn more about EBITDA Margin % →
What does a EBITDA Margin % of 65.27% mean?
Tokaido REIT (TSE:2989) has a EBITDA Margin % of 65.27% as of Jan. 2026. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Tokaido REIT and its competitors. This is near median its historical median of 64.42. Over the past decade, Tokaido REIT's EBITDA Margin % has ranged from 48.09 to 65.43. According to the industry distribution chart, Tokaido REIT ranks #419 out of 747 companies in the REITs industry, placing it in the top 56.1%.
Is Tokaido REIT's EBITDA Margin % too high?
Tokaido REIT's current EBITDA Margin % of 65.27% is near median its 10-year median of 64.42. Over the past 10 years, this metric has ranged from a low of 48.09 to a high of 65.43. The REITs industry median EBITDA Margin % is 69.63. Tokaido REIT's value of 65.27% is 6.3% below this industry median. Based on the distribution chart, Tokaido REIT ranks #419 out of 747 companies in the REITs industry, which is below the industry midpoint. Overall, Tokaido REIT has a GF Score™ of 48/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tokaido REIT's EBITDA Margin % compare to VICI and WPC?
According to the REITs industry distribution chart, Tokaido REIT ranks #419 out of 747 companies for EBITDA Margin %. This places Tokaido REIT in the lower half of its industry. The industry median EBITDA Margin % is 69.63. Tokaido REIT's value of 65.27% is 6.3% below this benchmark. Historically, Tokaido REIT's own EBITDA Margin % has ranged from 48.09 to 65.43 over the past decade. While the company's 10-year median is 64.42 vs. the industry median of 69.63, Tokaido REIT 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 EBITDA Margin % for a REITs company?
The median EBITDA Margin % among REITs companies is 69.63, based on 747 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tokaido REIT's current EBITDA Margin % of 65.27% is 6.3% 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 EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Tokaido REIT and its competitors. For the REITs industry, the median EBITDA Margin % is 69.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tokaido REIT's current EBITDA Margin % is 65.27%, which is near median its own 10-year median of 64.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokaido REIT stock overvalued right now?
Based on GuruFocus' analysis, Tokaido REIT (TSE:2989) is currently considered Modestly Undervalued. The stock's GF Value™ is 円129,417.27, compared to a current price of 円102,800.00 — trading 20.6% below its estimated fair value. The current EBITDA Margin % is 65.27%, which is near median its 10-year median of 64.42 and 6.3% below the REITs industry median of 69.63. Tokaido REIT's overall GF Score™ is 48/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For Tokaido REIT (TSE:2989), the current EBITDA Margin % is 65.27% 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 Tokaido REIT (TSE:2989) Overvalued in 2026?

Based on GuruFocus' analysis, Tokaido REIT stock appears to be undervalued. The current stock price of 円102,800.00 is trading 20.6% below its estimated GF Value™ of 円129,417.27. GuruFocus considers Tokaido REIT to be Modestly Undervalued.

Key valuation signals for TSE:2989:

  • EBITDA Margin %: 65.27% (near median its 10-year median of 64.42)
  • GF Value™: 円129,417.27 vs. price of 円102,800.00 (20.6% below fair value)
  • GF Score™: 48/100 with 4 warning signs
  • Industry Position: 6.3% below the REITs median (#419 of 747)

No single metric tells the full story. See the TSE:2989 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tokaido REIT Business Description

Industry Real EstateREITs
Address 2-14-3 Nagatacho, Chiyoda-ku, Tokyo, JPN, 100-0014
Tokaido REIT Inc is a real estate investment trust that focuses on the Tokaido area, mainly Shizuoka, Aichi, and Mie prefectures. Its Investment targets are divided into two types including "Industrial infrastructure assets" targeting logistics facilities and office buildings, and "Living infrastructure assets" for residential and commercial facilities.
48GF Score

Get the complete analysis for TSE:2989

EBITDA Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円102,800.00
Price
円129,417.27
GF Value