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.
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.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Mori Hills Reit Investment's annualizedNet Income for the quarter that ended in Jan. 2026 was 円12,249 Mil.
Mori Hills Reit Investment's average Total Assets over the quarter that ended in Jan. 2026 was 円409,589 Mil. Therefore, Mori Hills Reit Investment's annualized ROA % for the quarter that ended in Jan. 2026 was 2.99%.
The historical rank and industry rank for Mori Hills Reit Investment's ROA % or its related term are showing as below:
TSE:3234'
s ROA % Range Over the Past 10 Years
Min: 2.63 Med: 2.81 Max: 3.1
Current: 2.97
During the past 13 years, Mori Hills Reit Investment's highest ROA % was 3.10%. The lowest was 2.63%. And the median was 2.81%.
TSE:3234's ROA % is ranked worse than 54.02% of 933
companies
in the REITs industry
Industry Median: 3.21
vs TSE:3234: 2.97
Mori Hills Reit Investment (TSE:3234) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is two times the semi-annual (Jan. 2026) net income data. The Revenue data used here is two times the semi-annual (Jan. 2026) revenue 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
* 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.
For the REIT - Diversified subindustry, Mori Hills Reit Investment's ROA %, along with its competitors' market caps and ROA % 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.
Mori Hills Reit Investment ROA % vs REITs Industry
For the REITs industry and Real Estate sector, Mori Hills Reit Investment's ROA % distribution charts can be found below:
* The bar in red indicates where Mori Hills Reit Investment's ROA % 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 ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is two times the semi-annual (Jan. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Mori Hills Reit Investment (TSE:3234) has a ROA % of 2.99% as of Jan. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Mori Hills Reit Investment and its competitors. This is near median its historical median of 2.81. Over the past decade, Mori Hills Reit Investment's ROA % has ranged from 2.63 to 3.10. According to the industry distribution chart, Mori Hills Reit Investment ranks #504 out of 933 companies in the REITs industry, placing it in the top 54%.
Is Mori Hills Reit Investment's ROA % too high?
Mori Hills Reit Investment's current ROA % of 2.99% is near median its 10-year median of 2.81. Over the past 10 years, this metric has ranged from a low of 2.63 to a high of 3.10. The REITs industry median ROA % is 3.21. Mori Hills Reit Investment's value of 2.99% is 6.9% below this industry median. Based on the distribution chart, Mori Hills Reit Investment ranks #504 out of 933 companies in the REITs industry, which is below the industry midpoint. Overall, Mori Hills Reit 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 Mori Hills Reit Investment's ROA % compare to VICI and WPC?
According to the REITs industry distribution chart, Mori Hills Reit Investment ranks #504 out of 933 companies for ROA %. This places Mori Hills Reit Investment in the lower half of its industry. The industry median ROA % is 3.21. Mori Hills Reit Investment's value of 2.99% is 6.9% below this benchmark. Historically, Mori Hills Reit Investment's own ROA % has ranged from 2.63 to 3.10 over the past decade. While the company's 10-year median is 2.81 vs. the industry median of 3.21, Mori Hills Reit Investment has consistently been below 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 ROA % for a REITs company?
The median ROA % among REITs companies is 3.21, based on 933 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mori Hills Reit Investment's current ROA % of 2.99% is 6.9% below 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Mori Hills Reit Investment and its competitors. For the REITs industry, the median ROA % is 3.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mori Hills Reit Investment's current ROA % is 2.99%, which is near median its own 10-year median of 2.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mori Hills Reit Investment stock overvalued right now?
Based on GuruFocus' analysis, Mori Hills Reit Investment (TSE:3234) is currently considered Fairly Valued. The stock's GF Value™ is 円142,591.00, compared to a current price of 円131,800.00 — trading 7.6% below its estimated fair value. The current ROA % is 2.99%, which is near median its 10-year median of 2.81 and 6.9% below the REITs industry median of 3.21. Mori Hills Reit Investment's overall GF Score™ is 64/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Mori Hills Reit Investment (TSE:3234), the current ROA % is 2.99% 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 Mori Hills Reit Investment (TSE:3234) Overvalued in 2026?
Based on GuruFocus' analysis, Mori Hills Reit Investment stock appears to be undervalued.
The current stock price of 円131,800.00 is trading 7.6% below its estimated GF Value™ of 円142,591.00.
GuruFocus considers Mori Hills Reit Investment to be Fairly Valued.
Key valuation signals for TSE:3234:
ROA %: 2.99% (near median its 10-year median of 2.81)
GF Value™: 円142,591.00 vs. price of 円131,800.00 (7.6% below fair value)
Industry Position: 6.9% below the REITs median (#504 of 933)
No single metric tells the full story. See the TSE:3234 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mori Hills Reit Investment Corp is engaged in real estate investment, leasing, and management. The firm's primary objective is to secure steady growth in its portfolio and to maximize unitholders' value by making selective investments that mainly target areas and real estate properties. The company's real estate portfolio, as of the end of the twenty-first fiscal period, was comprised of ten properties. The company owns real estate office buildings and residential and retail properties available for lease in Tokyo.
64GF Score
Get the complete analysis for TSE:3234
ROA % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:3234 has been successfully added to your 
