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Japan Real Estate Investment's earnings per share without non-recurring items for the
six
months ended in Mar. 2026 was 円2,615.25.
Its earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Mar. 2026 was 円5,118.04.
During the past 12 months, Japan Real Estate Investment's average earnings per share (NRI) Growth Rate was -3.40% per year.
During the past 3 years, the average earnings per share (NRI) Growth Rate was 2.80% per year.
During the past 5 years, the average earnings per share (NRI) Growth Rate was 2.90% per year.
During the past 10 years, the average earnings per share (NRI) Growth Rate was 5.40% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the EPS without NRI Growth Rate using Earnings per share without Non-Recurring Items (NRI) data.
The historical rank and industry rank for Japan Real Estate Investment's EPS without NRI or its related term are showing as below:
TSE:8952'
s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -4.5 Med: 3.45 Max: 8.7
Current: 2.8
During the past 13 years, Japan Real Estate Investment's highest 3-Year average Earnings Per Share (NRI) Growth Rate was 8.70% per year. The lowest was -4.50% per year. And the median was 3.45% per year.
TSE:8952's 3-Year EPS without NRI Growth Rate is ranked better than 54.65% of 677
companies
in the REITs industry
Industry Median: 1
vs TSE:8952: 2.80
Japan Real Estate Investment (TSE:8952) EPS without NRI Explanation
EPS without NRI removes onetime and unusual items from EPS, to provide investors with a more accurate measure of the company’s true earnings. The earnings are adjusted for items that are irregular or unusual in nature, and/or are non-recurring. This is calculated using Net Income (Continuing Operations) plus/minus any tax affected unusual Items and Goodwill Impairments/Write Offs. This can be used to fairly measure a company's profitability.
Be Aware
Compared with Earnings per share, a company's cash flow is better indicator of the company's earnings power.
If a company's earnings per share is less than cash flow per share over long term, investors need to be cautious and find out why.
Japan Real Estate Investment EPS without NRI Related Terms
Japan Real Estate Investment EPS without NRI Historical Data
* 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.
Japan Real Estate Investment EPS without NRI Chart
TSE:8952 vs BXP, ARE, VNO: EPS without NRI Comparison
For the REIT - Office subindustry, Japan Real Estate Investment's PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI 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.
Japan Real Estate Investment PE Ratio without NRI vs REITs Industry
For the REITs industry and Real Estate sector, Japan Real Estate Investment's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where Japan Real Estate Investment's PE Ratio without NRI falls into.
Japan Real Estate Investment EPS without NRI Calculation
Earnings Per Share (EPS) is the single most important variable used by Wall Street in determining the earnings power of a company. But investors need to be aware that Earnings per Share can be easily manipulated by adjusting depreciation and amortization rate or non-recurring items. That's why GuruFocus lists EPS without NRI, which better reflects the company's underlying performance.
Earnings Per Share without Non-Recurring Items is the amount of earnings without non-recurring items per outstanding share of the company's stock.
EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円5,118.04
* 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.
Japan Real Estate Investment (TSE:8952) has a EPS without NRI of 円5,118.04 as of Mar. 2026. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on Japan Real Estate Investment and its competitors. According to the industry distribution chart, Japan Real Estate Investment ranks #307 out of 677 companies in the REITs industry, placing it in the top 45.3%.
Is Japan Real Estate Investment's EPS without NRI too high?
Japan Real Estate Investment's current EPS without NRI is 円5,118.04. Based on the distribution chart, Japan Real Estate Investment ranks #307 out of 677 companies in the REITs industry, which is above the industry midpoint. Overall, Japan Real Estate 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 Japan Real Estate Investment's EPS without NRI compare to BXP and ARE?
According to the REITs industry distribution chart, Japan Real Estate Investment ranks #307 out of 677 companies for EPS without NRI. This puts Japan Real Estate Investment in the upper half of its industry. The industry median EPS without NRI is 1.00. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EPS without NRI for a REITs company?
The median EPS without NRI among REITs companies is 1.00, based on 677 companies in the industry. Companies in the top quartile (top 25%) have a EPS without NRI significantly above this median, while those in the bottom quartile fall well below. However, EPS without NRI 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 EPS without NRI mean?
A high EPS without NRI can signal that a stock is expensive relative to its fundamentals. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on Japan Real Estate Investment and its competitors. For the REITs industry, the median EPS without NRI is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Real Estate Investment's current EPS without NRI is 円5,118.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Real Estate Investment stock overvalued right now?
Based on GuruFocus' analysis, Japan Real Estate Investment (TSE:8952) is currently considered Fairly Valued. The stock's GF Value™ is 円109,943.58, compared to a current price of 円120,400.00 — trading 9.5% above its estimated fair value. The current EPS without NRI is 円5,118.04. Japan Real Estate Investment's overall GF Score™ is 64/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EPS without NRI calculated?
EPS without NRI is calculated from a company's financial statements. For Japan Real Estate Investment (TSE:8952), the current EPS without NRI is 円5,118.04 as of Mar. 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 Japan Real Estate Investment (TSE:8952) Overvalued in 2026?
Based on GuruFocus' analysis, Japan Real Estate Investment stock appears to be overvalued.
The current stock price of 円120,400.00 is trading 9.5% above its estimated GF Value™ of 円109,943.58.
GuruFocus considers Japan Real Estate Investment to be Fairly Valued.
Key valuation signals for TSE:8952:
EPS without NRI: 円5,118.04
GF Value™: 円109,943.58 vs. price of 円120,400.00 (9.5% above fair value)
No single metric tells the full story. See the TSE:8952 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Japan Real Estate Investment Corp, or J-REIT, is a Japanese real estate investment trust that invests in, owns, and leases office properties. The vast majority of the company's real estate portfolio is located within Tokyo's 23 wards and the Tokyo metropolitan area in terms of total value. Within this area, J-REIT's offices reside within the Tokyo central business district. The company derives nearly all of its income in the form of rental revenue from the leasing of its office properties. While J-REIT tenants hail from a diverse assortment of industries, firms from the service, information services, electric devices, and financial services industries are its customers.
64GF Score
Get the complete analysis for TSE:8952
EPS without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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