Hankyu Hanshin REIT (TSE:8977) ROE %: 5.42% (As of Nov. 2025) — 10% Above Median


TSE:8977 Hankyu Hanshin REIT Inc TSE:8977
58 GF Score
Price 円139,900.00
GF Value 円161,504.99
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Hankyu Hanshin REIT ROE %?

Hankyu Hanshin REIT TSE:8977 +1.16% 58 ROE % is 5.42% as of Nov. 2025, which is 10% above its 10-year median of 4.92. GuruFocus rates TSE:8977 with a GF Score™ of 58/100 and a GF Value™ of 円161,504.99 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 934 REITs companies, Hankyu Hanshin REIT ranks worse than 55.35% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Hankyu Hanshin REIT's annualized net income for the quarter that ended in Nov. 2025 was 円4,718 Mil. Hankyu Hanshin REIT's average Total Stockholders Equity over the quarter that ended in Nov. 2025 was 円87,019 Mil. Therefore, Hankyu Hanshin REIT's annualized ROE % for the quarter that ended in Nov. 2025 was 5.42%.

The historical rank and industry rank for Hankyu Hanshin REIT's ROE % or its related term are showing as below:

TSE:8977' s ROE % Range Over the Past 10 Years
Min: 4.41   Med: 4.92   Max: 5.52
Current: 5.52

During the past 13 years, Hankyu Hanshin REIT's highest ROE % was 5.52%. The lowest was 4.41%. And the median was 4.92%.

TSE:8977's ROE % is ranked worse than
55.35% of 934 companies
in the REITs industry
Industry Median: 6.13 vs TSE:8977: 5.52

Hankyu Hanshin REIT  (TSE:8977) 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: Nov. 2025 )
=Net Income/Total Stockholders Equity
=4717.574/87018.9835
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(4717.574 / 13008.306)*(13008.306 / 182972.23)*(182972.23 / 87018.9835)
=Net Margin %*Asset Turnover*Equity Multiplier
=36.27 %*0.0711*2.1027
=ROA %*Equity Multiplier
=2.58 %*2.1027
=5.42 %

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: Nov. 2025 )
=Net Income/Total Stockholders Equity
=4717.574/87018.9835
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (4717.574 / 4720.384) * (4720.384 / 5533.302) * (5533.302 / 13008.306) * (13008.306 / 182972.23) * (182972.23 / 87018.9835)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.9994 * 0.8531 * 42.54 % * 0.0711 * 2.1027
=5.42 %

Note: The net income data used here is two times the semi-annual (Nov. 2025) net income data. The Revenue data used here is two times the semi-annual (Nov. 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.


Hankyu Hanshin REIT ROE % Related Terms


Hankyu Hanshin REIT ROE % Historical Data

* Premium members only.

The historical data trend for Hankyu Hanshin REIT'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.

Hankyu Hanshin REIT ROE % Chart

Hankyu Hanshin REIT Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.75 4.83 4.89 4.94 5.52

Hankyu Hanshin REIT Semi-Annual Data
May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25
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 4.90 4.81 5.06 5.61 5.42

TSE:8977 vs VICI, WPC: ROE % Comparison

For the REIT - Diversified subindustry, Hankyu Hanshin REIT'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.


Hankyu Hanshin REIT ROE % vs REITs Industry

For the REITs industry and Real Estate sector, Hankyu Hanshin REIT's ROE % distribution charts can be found below:

* The bar in red indicates where Hankyu Hanshin REIT's ROE % falls into.


TSE:8977
58GF Score
Hankyu Hanshin REIT Inc TSE:8977
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hankyu Hanshin REIT ROE % Calculation

Hankyu Hanshin REIT's annualized ROE % for the fiscal year that ended in Nov. 2025 is calculated as

ROE %=Net Income (A: Nov. 2025 )/( (Total Stockholders Equity (A: Nov. 2024 )+Total Stockholders Equity (A: Nov. 2025 ))/ count )
=4794.313/( (86751.103+87044.693)/ 2 )
=4794.313/86897.898
=5.52 %

Hankyu Hanshin REIT's annualized ROE % for the quarter that ended in Nov. 2025 is calculated as

ROE %=Net Income (Q: Nov. 2025 )/( (Total Stockholders Equity (Q: May. 2025 )+Total Stockholders Equity (Q: Nov. 2025 ))/ count )
=4717.574/( (86993.274+87044.693)/ 2 )
=4717.574/87018.9835
=5.42 %

* 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 (Nov. 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 5.42% mean?
Hankyu Hanshin REIT (TSE:8977) has a ROE % of 5.42% as of Nov. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Hankyu Hanshin REIT and its competitors. This is 10% above median its historical median of 4.92. Over the past decade, Hankyu Hanshin REIT's ROE % has ranged from 4.41 to 5.52. According to the industry distribution chart, Hankyu Hanshin REIT ranks #517 out of 934 companies in the REITs industry, placing it in the top 55.4%.
Is Hankyu Hanshin REIT's ROE % too high?
Hankyu Hanshin REIT's current ROE % of 5.42% is 10% above median its 10-year median of 4.92. Over the past 10 years, this metric has ranged from a low of 4.41 to a high of 5.52. The REITs industry median ROE % is 6.13. Hankyu Hanshin REIT's value of 5.42% is 11.6% below this industry median. Based on the distribution chart, Hankyu Hanshin REIT ranks #517 out of 934 companies in the REITs industry, which is below the industry midpoint. Overall, Hankyu Hanshin REIT has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hankyu Hanshin REIT's ROE % compare to VICI and WPC?
According to the REITs industry distribution chart, Hankyu Hanshin REIT ranks #517 out of 934 companies for ROE %. This places Hankyu Hanshin REIT in the lower half of its industry. The industry median ROE % is 6.13. Hankyu Hanshin REIT's value of 5.42% is 11.6% below this benchmark. Historically, Hankyu Hanshin REIT's own ROE % has ranged from 4.41 to 5.52 over the past decade. While the company's 10-year median is 4.92 vs. the industry median of 6.13, Hankyu Hanshin REIT 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 ROE % for a REITs company?
The median ROE % among REITs companies is 6.13, based on 934 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. Hankyu Hanshin REIT's current ROE % of 5.42% is 11.6% 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 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 Hankyu Hanshin REIT and its competitors. For the REITs industry, the median ROE % is 6.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hankyu Hanshin REIT's current ROE % is 5.42%, which is 10% above median its own 10-year median of 4.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hankyu Hanshin REIT stock overvalued right now?
Based on GuruFocus' analysis, Hankyu Hanshin REIT (TSE:8977) is currently considered Modestly Undervalued. The stock's GF Value™ is 円161,504.99, compared to a current price of 円139,900.00 — trading 13.4% below its estimated fair value. The current ROE % is 5.42%, which is 10% above median its 10-year median of 4.92 and 11.6% below the REITs industry median of 6.13. Hankyu Hanshin REIT's overall GF Score™ is 58/100 with 4 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 Hankyu Hanshin REIT (TSE:8977), the current ROE % is 5.42% as of Nov. 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 Hankyu Hanshin REIT (TSE:8977) Overvalued in 2026?

Based on GuruFocus' analysis, Hankyu Hanshin REIT stock appears to be undervalued. The current stock price of 円139,900.00 is trading 13.4% below its estimated GF Value™ of 円161,504.99. GuruFocus considers Hankyu Hanshin REIT to be Modestly Undervalued.

Key valuation signals for TSE:8977:

  • ROE %: 5.42% (10% above median its 10-year median of 4.92)
  • GF Value™: 円161,504.99 vs. price of 円139,900.00 (13.4% below fair value)
  • GF Score™: 58/100 with 4 warning signs
  • Industry Position: 11.6% below the REITs median (#517 of 934)

No single metric tells the full story. See the TSE:8977 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hankyu Hanshin REIT Business Description

Industry Real EstateREITs
Address 19-19, Chayamachi, Applause Tower, 19th floor, Osaka, JPN, 530-0013
Hankyu Hanshin REIT Inc is a real estate investment trust. The firm manages funds contributed by unitholders by investing them mainly in real estate and real estate backed securities. Its portfolio comprises retail facilities, Office use facilities and Complex facilities. The firm holds the majority of its investments in Kansai region.
58GF Score

Get the complete analysis for TSE:8977

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

円139,900.00
Price
円161,504.99
GF Value