FCRQF (Ichigo Office REIT Investment) OCF Margin %: 61.70% (As of Apr. 2026) — 20% Below Median

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.

FCRQF Ichigo Office REIT Investment Corp FCRQF
67 GF Score
Price $585.00
GF Value $547.59
! 11 Warning Signs
View Full Analysis

What is Ichigo Office REIT Investment OCF Margin %?

Ichigo Office REIT Investment FCRQF 67 OCF Margin % is 61.70% as of Apr. 2026, which is 20% below its 10-year median of 77.11. GuruFocus rates FCRQF with a GF Score™ of 67/100 and a GF Value™ of $547.59. The stock has 11 warning signs investors should review. Among 917 REITs companies, Ichigo Office REIT Investment ranks better than 68.48% on this metric.

OCF Margin % is calculated as Cash Flow from Operations divided by its Revenue. Ichigo Office REIT Investment's Cash Flow from Operations for the six months ended in Apr. 2026 was $33.7 Mil. Ichigo Office REIT Investment's Revenue for the six months ended in Apr. 2026 was $54.7 Mil. Therefore, Ichigo Office REIT Investment's OCF Margin % for the quarter that ended in Apr. 2026 was 61.70%.

As of today, Ichigo Office REIT Investment's current OCF Yield % is 8.26%.

The historical rank and industry rank for Ichigo Office REIT Investment's OCF Margin % or its related term are showing as below:

FCRQF' s OCF Margin % Range Over the Past 10 Years
Min: 54.71   Med: 77.11   Max: 210.42
Current: 66.07


During the past 13 years, the highest OCF Margin % of Ichigo Office REIT Investment was 210.42%. The lowest was 54.71%. And the median was 77.11%.

FCRQF's OCF Margin % is ranked better than
68.48% of 917 companies
in the REITs industry
Industry Median: 49.4 vs FCRQF: 66.07


Ichigo Office REIT Investment OCF Margin % Related Terms


Ichigo Office REIT Investment OCF Margin % Historical Data

* Premium members only.

The historical data trend for Ichigo Office REIT Investment's OCF 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.

Ichigo Office REIT Investment OCF Margin % Chart

Ichigo Office REIT Investment Annual Data
Trend Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24
OCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 66.60 54.71 59.45 84.05 70.74

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
OCF Margin % 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 77.67 64.68 115.81 69.96 61.70

FCRQF vs BXP, ARE, VNO: OCF Margin % Comparison

For the REIT - Office subindustry, Ichigo Office REIT Investment's OCF Margin %, along with its competitors' market caps and OCF 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.


Ichigo Office REIT Investment OCF Margin % vs REITs Industry

For the REITs industry and Real Estate sector, Ichigo Office REIT Investment's OCF Margin % distribution charts can be found below:

* The bar in red indicates where Ichigo Office REIT Investment's OCF Margin % falls into.


FCRQF
67GF Score
Ichigo Office REIT Investment Corp FCRQF
OCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ichigo Office REIT Investment OCF Margin % Calculation

OCF Margin % is the ratio of Cash Flow from Operations divided by net sales or Revenue, usually presented in percent.

Ichigo Office REIT Investment's OCF Margin for the fiscal year that ended in Oct. 2024 is calculated as

OCF Margin=Cash Flow from Operations (A: Oct. 2024 )/Revenue (A: Oct. 2024 )
=81.607/115.36
=70.74 %

Ichigo Office REIT Investment's OCF Margin for the quarter that ended in Apr. 2026 is calculated as

OCF Margin=Cash Flow from Operations (Q: Apr. 2026 )/Revenue (Q: Apr. 2026 )
=33.737/54.675
=61.70 %

* 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 OCF Margin % →
What does a OCF Margin % of 61.70% mean?
Ichigo Office REIT Investment (FCRQF) has a OCF Margin % of 61.70% as of Apr. 2026. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Ichigo Office REIT Investment and its competitors. This is 20% below median its historical median of 77.11. Over the past decade, Ichigo Office REIT Investment's OCF Margin % has ranged from 54.71 to 210.42. According to the industry distribution chart, Ichigo Office REIT Investment ranks #289 out of 917 companies in the REITs industry, placing it in the top 31.5%.
Is Ichigo Office REIT Investment's OCF Margin % too high?
Ichigo Office REIT Investment's current OCF Margin % of 61.70% is 20% below median its 10-year median of 77.11. Over the past 10 years, this metric has ranged from a low of 54.71 to a high of 210.42. The REITs industry median OCF Margin % is 49.40. Ichigo Office REIT Investment's value of 61.70% is 24.9% above this industry median. Based on the distribution chart, Ichigo Office REIT Investment ranks #289 out of 917 companies in the REITs industry, which is above the industry midpoint. Overall, Ichigo Office REIT Investment has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does Ichigo Office REIT Investment's OCF Margin % compare to BXP and ARE?
According to the REITs industry distribution chart, Ichigo Office REIT Investment ranks #289 out of 917 companies for OCF Margin %. This puts Ichigo Office REIT Investment in the upper half of its industry. The industry median OCF Margin % is 49.40. Ichigo Office REIT Investment's value of 61.70% is 24.9% above this benchmark. Historically, Ichigo Office REIT Investment's own OCF Margin % has ranged from 54.71 to 210.42 over the past decade. While the company's 10-year median is 77.11 vs. the industry median of 49.40, Ichigo Office REIT Investment has consistently been above 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 OCF Margin % for a REITs company?
The median OCF Margin % among REITs companies is 49.40, based on 917 companies in the industry. Companies in the top quartile (top 25%) have a OCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, OCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ichigo Office REIT Investment's current OCF Margin % of 61.70% is 24.9% above 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 OCF Margin % mean?
A high OCF Margin % can signal that a stock is expensive relative to its fundamentals. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Ichigo Office REIT Investment and its competitors. For the REITs industry, the median OCF Margin % is 49.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ichigo Office REIT Investment's current OCF Margin % is 61.70%, which is 20% below median its own 10-year median of 77.11. 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?
Ichigo Office REIT Investment (FCRQF) has a current OCF Margin % of 61.70%. The stock's GF Value™ is $547.59, compared to a current price of $585.00 — trading 6.8% above its estimated fair value. The current OCF Margin % is 61.70%, which is 20% below median its 10-year median of 77.11 and 24.9% above the REITs industry median of 49.40. 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 OCF Margin % calculated?
OCF Margin % is calculated from a company's financial statements. For Ichigo Office REIT Investment (FCRQF), the current OCF Margin % is 61.70% 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 (FCRQF) Overvalued in 2026?

Based on GuruFocus' analysis, Ichigo Office REIT Investment stock appears to be overvalued. The current stock price of $585.00 is trading 6.8% above its estimated GF Value™ of $547.59.

Key valuation signals for FCRQF:

  • OCF Margin %: 61.70% (20% below median its 10-year median of 77.11)
  • GF Value™: $547.59 vs. price of $585.00 (6.8% above fair value)
  • GF Score™: 67/100 with 11 warning signs
  • Industry Position: 24.9% above the REITs median (#289 of 917)

No single metric tells the full story. See the FCRQF 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
Other Exchanges 8975:Japan
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 FCRQF

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

$585.00
Price
$547.59
GF Value