NTT UD Reit InvestmentPICJF 66 Return-on-Tangible-Equity is 7.57% as of Apr. 2026, which is 18% above its 10-year median of 6.43. GuruFocus rates PICJF with a GF Score™ of 66/100 and a GF Value™ of $908.36. The stock has 11 warning signs investors should review. Among 933 REITs companies, NTT UD Reit Investment ranks better than 54.45% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. NTT UD Reit Investment's annualized net income for the quarter that ended in Apr. 2026 was $64.3 Mil. NTT UD Reit Investment's average shareholder tangible equity for the quarter that ended in Apr. 2026 was $849.1 Mil. Therefore, NTT UD Reit Investment's annualized Return-on-Tangible-Equity for the quarter that ended in Apr. 2026 was 7.57%.
The historical rank and industry rank for NTT UD Reit Investment's Return-on-Tangible-Equity or its related term are showing as below:
PICJF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.39 Med: 6.43 Max: 8.36
Current: 6.82
During the past 13 years, NTT UD Reit Investment's highest Return-on-Tangible-Equity was 8.36%. The lowest was 5.39%. And the median was 6.43%.
PICJF's Return-on-Tangible-Equity is ranked better than 54.45% of 933
companies
in the REITs industry
Industry Median: 6.26
vs PICJF: 6.82
NTT UD Reit Investment (OTCPK:PICJF) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
NTT UD Reit Investment Return-on-Tangible-Equity Related Terms
NTT UD Reit Investment Return-on-Tangible-Equity Historical Data
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The historical data trend for NTT UD Reit Investment's Return-on-Tangible-Equity 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.
NTT UD Reit Investment Return-on-Tangible-Equity Chart
PICJF vs VICI, WPC: Return-on-Tangible-Equity Comparison
For the REIT - Diversified subindustry, NTT UD Reit Investment's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
NTT UD Reit Investment Return-on-Tangible-Equity vs REITs Industry
For the REITs industry and Real Estate sector, NTT UD Reit Investment's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where NTT UD Reit Investment's Return-on-Tangible-Equity falls into.
* 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is two times the semi-annual (Apr. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 7.57% mean?
NTT UD Reit Investment (PICJF) has a Return-on-Tangible-Equity of 7.57% as of Apr. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on NTT UD Reit Investment and its competitors. This is 18% above median its historical median of 6.43. Over the past decade, NTT UD Reit Investment's Return-on-Tangible-Equity has ranged from 5.39 to 8.36. According to the industry distribution chart, NTT UD Reit Investment ranks #425 out of 933 companies in the REITs industry, placing it in the top 45.6%.
Is NTT UD Reit Investment's Return-on-Tangible-Equity too high?
NTT UD Reit Investment's current Return-on-Tangible-Equity of 7.57% is 18% above median its 10-year median of 6.43. Over the past 10 years, this metric has ranged from a low of 5.39 to a high of 8.36. The REITs industry median Return-on-Tangible-Equity is 6.26. NTT UD Reit Investment's value of 7.57% is 20.9% above this industry median. Based on the distribution chart, NTT UD Reit Investment ranks #425 out of 933 companies in the REITs industry, which is above the industry midpoint. Overall, NTT UD Reit Investment has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.
How does NTT UD Reit Investment's Return-on-Tangible-Equity compare to VICI and WPC?
According to the REITs industry distribution chart, NTT UD Reit Investment ranks #425 out of 933 companies for Return-on-Tangible-Equity. This puts NTT UD Reit Investment in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.26. NTT UD Reit Investment's value of 7.57% is 20.9% above this benchmark. Historically, NTT UD Reit Investment's own Return-on-Tangible-Equity has ranged from 5.39 to 8.36 over the past decade. While the company's 10-year median is 6.43 vs. the industry median of 6.26, NTT UD 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 Return-on-Tangible-Equity for a REITs company?
The median Return-on-Tangible-Equity among REITs companies is 6.26, based on 933 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NTT UD Reit Investment's current Return-on-Tangible-Equity of 7.57% is 20.9% 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on NTT UD Reit Investment and its competitors. For the REITs industry, the median Return-on-Tangible-Equity is 6.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NTT UD Reit Investment's current Return-on-Tangible-Equity is 7.57%, which is 18% above median its own 10-year median of 6.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NTT UD Reit Investment stock overvalued right now?
NTT UD Reit Investment (PICJF) has a current Return-on-Tangible-Equity of 7.57%. The stock's GF Value™ is $908.36, compared to a current price of $892.43 — trading 1.8% below its estimated fair value. The current Return-on-Tangible-Equity is 7.57%, which is 18% above median its 10-year median of 6.43 and 20.9% above the REITs industry median of 6.26. NTT UD Reit Investment's overall GF Score™ is 66/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For NTT UD Reit Investment (PICJF), the current Return-on-Tangible-Equity is 7.57% 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 NTT UD Reit Investment (PICJF) Overvalued in 2026?
Based on GuruFocus' analysis, NTT UD Reit Investment stock appears to be undervalued.
The current stock price of $892.43 is trading 1.8% below its estimated GF Value™ of $908.36.
Key valuation signals for PICJF:
Return-on-Tangible-Equity: 7.57% (18% above median its 10-year median of 6.43)
GF Value™: $908.36 vs. price of $892.43 (1.8% below fair value)
Industry Position: 20.9% above the REITs median (#425 of 933)
No single metric tells the full story. See the PICJF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NTT UD Reit Investment Corp is a Japan-based real estate investment trust company. It is a J-REIT managing compound portfolio of office buildings and residential properties, with NTT Urban Development serving as the sponsor.
66GF Score
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