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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Tokaido REIT's intangible assets for the quarter that ended in Jan. 2026 was 円2,077 Mil.
If a company (company A) received a patent through their own work, though it has value, it does not show up on its balance sheet as an intangible asset. However, if company A sells this patent to company B, it will show up on company B's balance sheet as an intangible asset.
The same applies to brand names, trade secrets etc. For instance, Coca-Cola's brand is extremely valuable, but the brand does not appear on its balance sheet, because the brand was never acquired.
Some intangibles are amortized. Amortization is the depreciation of intangible assets.
Many intangibles are not amortized. They may still be written down when the company decides the asset is impaired.
Whenever you see an increase in goodwill over a number of years, you can assume it's because the company is out buying other businesses above book value. GOOD if buying businesses with durable competitive advantage.
If goodwill stays the same, the company when acquiring other companies is either paying less than book value or not acquiring. Businesses with moats never sell for less than book value.
Intangibles acquired are on balance sheet at fair value.
Internally developed brand names (Coke, Wrigleys, Band-Aid) however are not reflected on the balance sheet.
One of the reasons competitive advantage power can remain hidden for so long.
Be Aware
Companies may change the way intangible assets are amortized, and this will affect their reported earnings.
Tokaido REIT Intangible Assets Related Terms
Tokaido REIT Intangible Assets Historical Data
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The historical data trend for Tokaido REIT's Intangible Assets 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.
Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Examples of intangible assets include trade secrets, copyrights, patents, trademarks. If a company acquires assets at the prices above the book value, it may carry goodwill on its balance sheet. Goodwill reflects the difference between the price the company paid and the book value of the assets.
Tokaido REIT (TSE:2989) has a Intangible Assets of 円2,077 Mil as of Jan. 2026. Intangible assets include patents, goodwill and trade secrets. View historical data on Tokaido REIT and its competitors.
Is Tokaido REIT's Intangible Assets too high?
Tokaido REIT's current Intangible Assets is 円2,077 Mil. Overall, Tokaido REIT has a GF Score™ of 44/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tokaido REIT's Intangible Assets compare to VICI and WPC?
Tokaido REIT's Intangible Assets of 円2,077 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 Intangible Assets for a REITs company?
A good Intangible Assets depends on the REITs industry context. However, Intangible Assets 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 Intangible Assets mean?
A high Intangible Assets can signal that a stock is expensive relative to its fundamentals. Intangible assets include patents, goodwill and trade secrets. View historical data on Tokaido REIT and its competitors. Tokaido REIT's current Intangible Assets is 円2,077 Mil. 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131,054.81, compared to a current price of 円94,800.00 — trading 27.7% below its estimated fair value. The current Intangible Assets is 円2,077 Mil. Tokaido REIT's overall GF Score™ is 44/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intangible Assets calculated?
Intangible Assets is calculated from a company's financial statements. For Tokaido REIT (TSE:2989), the current Intangible Assets is 円2,077 Mil 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94,800.00 is trading 27.7% below its estimated GF Value™ of 円131,054.81.
GuruFocus considers Tokaido REIT to be Modestly Undervalued.
Key valuation signals for TSE:2989:
Intangible Assets: 円2,077 Mil
GF Value™: 円131,054.81 vs. price of 円94,800.00 (27.7% below fair value)
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 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.
44GF Score
Get the complete analysis for TSE:2989
Intangible Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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