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Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Tosei Reit Investment's selling, general, & admin. expense for the
six
months ended in Apr. 2026 was 円236 Mil.
Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Apr. 2026 was 円473 Mil.
Tosei Reit Investment (TSE:3451) Selling, General, & Admin. Expense Explanation
An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.
Warren Buffett likes companies with consistent SGA as the percentage of gross profit.
Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.
If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.
Tosei Reit Investment Selling, General, & Admin. Expense Related Terms
Tosei Reit Investment Selling, General, & Admin. Expense Historical Data
* Premium members only.
The historical data trend for Tosei Reit Investment's Selling, General, & Admin. Expense 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.
Tosei Reit Investment Selling, General, & Admin. Expense Chart
TSE:3451 vs VICI, WPC: Selling, General, & Admin. Expense Comparison
For the REIT - Diversified subindustry, Tosei Reit Investment's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense 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.
Tosei Reit Investment Selling, General, & Admin. Expense vs REITs Industry
For the REITs industry and Real Estate sector, Tosei Reit Investment's Selling, General, & Admin. Expense distribution charts can be found below:
* The bar in red indicates where Tosei Reit Investment's Selling, General, & Admin. Expense falls into.
Tosei Reit Investment Selling, General, & Admin. Expense Calculation
Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.
Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Apr. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円473 Mil.
* 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.
What does a Selling, General, & Admin. Expense of 円473 Mil mean?
Tosei Reit Investment (TSE:3451) has a Selling, General, & Admin. Expense of 円473 Mil as of Apr. 2026. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Tosei Reit Investment and its competitors.
Is Tosei Reit Investment's Selling, General, & Admin. Expense too high?
Tosei Reit Investment's current Selling, General, & Admin. Expense is 円473 Mil. Overall, Tosei Reit Investment has a GF Score™ of 58/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tosei Reit Investment's Selling, General, & Admin. Expense compare to VICI and WPC?
Tosei Reit Investment's Selling, General, & Admin. Expense of 円473 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Selling, General, & Admin. Expense for a REITs company?
A good Selling, General, & Admin. Expense depends on the REITs industry context. However, Selling, General, & Admin. Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Tosei Reit Investment and its competitors. Tosei Reit Investment's current Selling, General, & Admin. Expense is 円473 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tosei Reit Investment stock overvalued right now?
Based on GuruFocus' analysis, Tosei Reit Investment (TSE:3451) is currently considered Fairly Valued. The stock's GF Value™ is 円142,869.61, compared to a current price of 円132,200.00 — trading 7.5% below its estimated fair value. The current Selling, General, & Admin. Expense is 円473 Mil. Tosei Reit Investment's overall GF Score™ is 58/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For Tosei Reit Investment (TSE:3451), the current Selling, General, & Admin. Expense is 円473 Mil 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 Tosei Reit Investment (TSE:3451) Overvalued in 2026?
Based on GuruFocus' analysis, Tosei Reit Investment stock appears to be undervalued.
The current stock price of 円132,200.00 is trading 7.5% below its estimated GF Value™ of 円142,869.61.
GuruFocus considers Tosei Reit Investment to be Fairly Valued.
Key valuation signals for TSE:3451:
Selling, General, & Admin. Expense: 円473 Mil
GF Value™: 円142,869.61 vs. price of 円132,200.00 (7.5% below fair value)
No single metric tells the full story. See the TSE:3451 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tosei Reit Investment Corp is a Japanese company operating in the real estate industry. The company invests in real estate and other assets and the investments are spread across Offices, Commercial facility and Housing.
58GF Score
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Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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