Ichigo Office REIT Investment (TSE:8975) FFO per Share: 円7,930.74 (TTM As of Apr. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:8975 Ichigo Office REIT Investment Corp TSE:8975
67 GF Score
Price 円96,000.00
GF Value 円88,031.39
Valuation Fairly Valued
! 11 Warning Signs
View Full Analysis

What is Ichigo Office REIT Investment FFO per Share?

Ichigo Office REIT Investment TSE:8975 -0.41% 67 FFO per Share is 円7,930.74 as of Apr. 2026. GuruFocus rates TSE:8975 with a GF Score™ of 67/100 and a GF Value™ of 円88,031.39 (Fairly Valued). The stock has 11 warning signs investors should review.

Ichigo Office REIT Investment's FFO per Share for the six months ended in Apr. 2026 was 円3,706.38. Ichigo Office REIT Investment's FFO per Share for the trailing twelve months (TTM) ended in Apr. 2026 was 円7,930.74.


Ichigo Office REIT Investment FFO per Share Related Terms


Ichigo Office REIT Investment FFO per Share Historical Data

* Premium members only.

The historical data trend for Ichigo Office REIT Investment's FFO per Share 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 Office REIT Investment FFO per Share Chart

Ichigo Office REIT Investment Annual Data
Trend Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24
FFO per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5,591.51 5,340.60 6,096.18 11,861.78 7,780.16

Ichigo Office REIT Investment Semi-Annual Data
Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
FFO per Share 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 4,155.51 3,736.89 6,909.36 4,224.35 3,706.38

TSE:8975 vs BXP, ARE, VNO: FFO per Share Comparison

For the REIT - Office subindustry, Ichigo Office REIT Investment's Price-to-FFO, along with its competitors' market caps and Price-to-FFO 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 Price-to-FFO vs REITs Industry

For the REITs industry and Real Estate sector, Ichigo Office REIT Investment's Price-to-FFO distribution charts can be found below:

* The bar in red indicates where Ichigo Office REIT Investment's Price-to-FFO falls into.


TSE:8975
67GF Score
Ichigo Office REIT Investment Corp TSE:8975
FFO per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ichigo Office REIT Investment FFO per Share Calculation

FFO per Share is the amount of funds from operations per outstanding share of the REITs stock.

Ichigo Office REIT Investment's FFO per Share for the fiscal year that ended in Oct. 2024 is calculated as

FFO per Share (A: Oct. 2024 )=FFO (A: Oct. 2024 /Shares Outstanding (Diluted Average) (A: Oct. 2024 )
=12098.154/1.555
=7,780.16

Ichigo Office REIT Investment's FFO per Share for the quarter that ended in Apr. 2026 is calculated as

FFO per Share (Q: Apr. 2026 )=FFO (Q: Apr. 2026 )/Shares Outstanding (Diluted Average) (Q: Apr. 2026 )
=5663.352/1.528
=3,706.38

FFO per Share for the trailing twelve months (TTM) ended in Apr. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円7,930.74

* 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 FFO per Share →
What does a FFO per Share of 円7,930.74 mean?
Ichigo Office REIT Investment (TSE:8975) has a FFO per Share of 円7,930.74 as of Apr. 2026. For REITs, funds from operations equal earnings plus depreciation less gain on sales. View historical data on Ichigo Office REIT Investment and its competitors.
Is Ichigo Office REIT Investment's FFO per Share too high?
Ichigo Office REIT Investment's current FFO per Share is 円7,930.74. 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 FFO per Share compare to BXP and ARE?
Ichigo Office REIT Investment's FFO per Share of 円7,930.74 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 FFO per Share for a REITs company?
A good FFO per Share depends on the REITs industry context. However, FFO per Share 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 FFO per Share mean?
A high FFO per Share can signal that a stock is expensive relative to its fundamentals. For REITs, funds from operations equal earnings plus depreciation less gain on sales. View historical data on Ichigo Office REIT Investment and its competitors. Ichigo Office REIT Investment's current FFO per Share is 円7,930.74. 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 FFO per Share is 円7,930.74. 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 FFO per Share calculated?
FFO per Share is calculated from a company's financial statements. For Ichigo Office REIT Investment (TSE:8975), the current FFO per Share is 円7,930.74 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:

  • FFO per Share: 円7,930.74
  • GF Value™: 円88,031.39 vs. price of 円96,000.00 (9.1% above fair value)
  • GF Score™: 67/100 with 11 warning signs

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 Business Description

Industry Real EstateREITs
Address Marunouchi Park Building, 2-6-1 Marunouchi, 20th floor, Chiyoda-ku, Tokyo, JPN, 100-6920
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

Get the complete analysis for TSE:8975

FFO per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円96,000.00
Price
円88,031.39
GF Value