Mitsui Fudosan Retail Fund Investment (TSE:8964) ROE %: 6.73% (As of Dec. 2025) — Near Median

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TSE:8964 Mitsui Fudosan Retail Fund Investment Corp TSE:8964
60 GF Score
Price 円82,000.00
GF Value 円90,311.48
Valuation Fairly Valued
! 5 Warning Signs
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What is Mitsui Fudosan Retail Fund Investment ROE %?

Mitsui Fudosan Retail Fund Investment TSE:8964 -3.19% 60 ROE % is 6.73% as of Dec. 2025, which is 0% below its 10-year median of 6.75. GuruFocus rates TSE:8964 with a GF Score™ of 60/100 and a GF Value™ of 円90,311.48 (Fairly Valued). The stock has 5 warning signs investors should review. Among 922 REITs companies, Mitsui Fudosan Retail Fund Investment ranks better than 54.99% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Mitsui Fudosan Retail Fund Investment's annualized net income for the quarter that ended in Dec. 2025 was 円11,815 Mil. Mitsui Fudosan Retail Fund Investment's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was 円175,580 Mil. Therefore, Mitsui Fudosan Retail Fund Investment's annualized ROE % for the quarter that ended in Dec. 2025 was 6.73%.

The historical rank and industry rank for Mitsui Fudosan Retail Fund Investment's ROE % or its related term are showing as below:

TSE:8964' s ROE % Range Over the Past 10 Years
Min: 6.18   Med: 6.75   Max: 7.39
Current: 6.71

During the past 13 years, Mitsui Fudosan Retail Fund Investment's highest ROE % was 7.39%. The lowest was 6.18%. And the median was 6.75%.

TSE:8964's ROE % is ranked better than
54.99% of 922 companies
in the REITs industry
Industry Median: 6.135 vs TSE:8964: 6.71

Mitsui Fudosan Retail Fund Investment  (TSE:8964) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=11814.5/175580.28
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(11814.5 / 24189.168)*(24189.168 / 342893.388)*(342893.388 / 175580.28)
=Net Margin %*Asset Turnover*Equity Multiplier
=48.84 %*0.0705*1.9529
=ROA %*Equity Multiplier
=3.44 %*1.9529
=6.73 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=11814.5/175580.28
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (11814.5 / 11816.264) * (11816.264 / 12780.998) * (12780.998 / 24189.168) * (24189.168 / 342893.388) * (342893.388 / 175580.28)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.9999 * 0.9245 * 52.84 % * 0.0705 * 1.9529
=6.73 %

Note: The net income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.


Mitsui Fudosan Retail Fund Investment ROE % Related Terms


Mitsui Fudosan Retail Fund Investment ROE % Historical Data

* Premium members only.

The historical data trend for Mitsui Fudosan Retail Fund Investment's ROE % 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.

Mitsui Fudosan Retail Fund Investment ROE % Chart

Mitsui Fudosan Retail Fund Investment Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.85 6.92 6.79 7.39 6.71

Mitsui Fudosan Retail Fund Investment Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
ROE % 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 6.54 7.36 7.41 6.70 6.73

TSE:8964 vs SPG, O, KIM: ROE % Comparison

For the REIT - Retail subindustry, Mitsui Fudosan Retail Fund Investment's ROE %, along with its competitors' market caps and ROE % 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.


Mitsui Fudosan Retail Fund Investment ROE % vs REITs Industry

For the REITs industry and Real Estate sector, Mitsui Fudosan Retail Fund Investment's ROE % distribution charts can be found below:

* The bar in red indicates where Mitsui Fudosan Retail Fund Investment's ROE % falls into.


TSE:8964
60GF Score
Mitsui Fudosan Retail Fund Investment Corp TSE:8964
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Mitsui Fudosan Retail Fund Investment ROE % Calculation

Mitsui Fudosan Retail Fund Investment's annualized ROE % for the fiscal year that ended in Dec. 2025 is calculated as

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=11788.936/( (175649.593+175580.28)/ 2 )
=11788.936/175614.9365
=6.71 %

Mitsui Fudosan Retail Fund Investment's annualized ROE % for the quarter that ended in Dec. 2025 is calculated as

ROE %=Net Income (Q: Dec. 2025 )/( (Total Stockholders Equity (Q: Jun. 2025 )+Total Stockholders Equity (Q: Dec. 2025 ))/ count )
=11814.5/( (175580.28+175580.28)/ 2 )
=11814.5/175580.28
=6.73 %

* 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 ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is two times the semi-annual (Dec. 2025) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 6.73% mean?
Mitsui Fudosan Retail Fund Investment (TSE:8964) has a ROE % of 6.73% as of Dec. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Mitsui Fudosan Retail Fund Investment and its competitors. This is near median its historical median of 6.75. Over the past decade, Mitsui Fudosan Retail Fund Investment's ROE % has ranged from 6.18 to 7.39. According to the industry distribution chart, Mitsui Fudosan Retail Fund Investment ranks #415 out of 922 companies in the REITs industry, placing it in the top 45%.
Is Mitsui Fudosan Retail Fund Investment's ROE % too high?
Mitsui Fudosan Retail Fund Investment's current ROE % of 6.73% is near median its 10-year median of 6.75. Over the past 10 years, this metric has ranged from a low of 6.18 to a high of 7.39. The REITs industry median ROE % is 6.14. Mitsui Fudosan Retail Fund Investment's value of 6.73% is 9.7% above this industry median. Based on the distribution chart, Mitsui Fudosan Retail Fund Investment ranks #415 out of 922 companies in the REITs industry, which is above the industry midpoint. Overall, Mitsui Fudosan Retail Fund Investment has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mitsui Fudosan Retail Fund Investment's ROE % compare to SPG and O?
According to the REITs industry distribution chart, Mitsui Fudosan Retail Fund Investment ranks #415 out of 922 companies for ROE %. This puts Mitsui Fudosan Retail Fund Investment in the upper half of its industry. The industry median ROE % is 6.14. Mitsui Fudosan Retail Fund Investment's value of 6.73% is 9.7% above this benchmark. Historically, Mitsui Fudosan Retail Fund Investment's own ROE % has ranged from 6.18 to 7.39 over the past decade. While the company's 10-year median is 6.75 vs. the industry median of 6.14, Mitsui Fudosan Retail Fund 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 ROE % for a REITs company?
The median ROE % among REITs companies is 6.14, based on 922 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mitsui Fudosan Retail Fund Investment's current ROE % of 6.73% is 9.7% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Mitsui Fudosan Retail Fund Investment and its competitors. For the REITs industry, the median ROE % is 6.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mitsui Fudosan Retail Fund Investment's current ROE % is 6.73%, which is near median its own 10-year median of 6.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mitsui Fudosan Retail Fund Investment stock overvalued right now?
Based on GuruFocus' analysis, Mitsui Fudosan Retail Fund Investment (TSE:8964) is currently considered Fairly Valued. The stock's GF Value™ is 円90,311.48, compared to a current price of 円82,000.00 — trading 9.2% below its estimated fair value. The current ROE % is 6.73%, which is near median its 10-year median of 6.75 and 9.7% above the REITs industry median of 6.14. Mitsui Fudosan Retail Fund Investment's overall GF Score™ is 60/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Mitsui Fudosan Retail Fund Investment (TSE:8964), the current ROE % is 6.73% as of Dec. 2025. 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 Mitsui Fudosan Retail Fund Investment (TSE:8964) Overvalued in 2026?

Based on GuruFocus' analysis, Mitsui Fudosan Retail Fund Investment stock appears to be undervalued. The current stock price of 円82,000.00 is trading 9.2% below its estimated GF Value™ of 円90,311.48. GuruFocus considers Mitsui Fudosan Retail Fund Investment to be Fairly Valued.

Key valuation signals for TSE:8964:

  • ROE %: 6.73% (near median its 10-year median of 6.75)
  • GF Value™: 円90,311.48 vs. price of 円82,000.00 (9.2% below fair value)
  • GF Score™: 60/100 with 5 warning signs
  • Industry Position: 9.7% above the REITs median (#415 of 922)

No single metric tells the full story. See the TSE:8964 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mitsui Fudosan Retail Fund Investment Business Description

Industry Real EstateREITs
Address Kojun Building, 6th Floor, 6-8-7 Ginza, Chuo-ku, Tokyo, JPN, 104-0061
Frontier Real Estate Investment Corp is a real estate investment trust specializing in retail facilities. The company mainly invests in commercial buildings in the metropolitan area and local cities. The company aims at stable earnings and steady asset growth from midterm to long-term perspectives. Its property portfolio consists of AEON Shinagawa Seaside Shopping Center, AEON MALL Ibaraki, Papillon Plaza, Kamiikedai Tokyu Store, and Belltown Tambaguchi Eki-mae Store, among others.
60GF Score

Get the complete analysis for TSE:8964

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

円82,000.00
Price
円90,311.48
GF Value