Hankyu Hanshin REIT (TSE:8977) Selling, General, & Admin. Expense: 円1,054 Mil (TTM As of May. 2026)

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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Founder & CEO of GuruFocus
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.

TSE:8977 Hankyu Hanshin REIT Inc TSE:8977
63 GF Score
Price 円136,200.00
GF Value 円154,503.50
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Hankyu Hanshin REIT Selling, General, & Admin. Expense?

Hankyu Hanshin REIT TSE:8977 +0.22% 63 Selling, General, & Admin. Expense is 円1,054 Mil as of May. 2026. GuruFocus rates TSE:8977 with a GF Score™ of 63/100 and a GF Value™ of 円154,503.50 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Hankyu Hanshin REIT's selling, general, & admin. expense for the six months ended in May. 2026 was 円525 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in May. 2026 was 円1,054 Mil.


Hankyu Hanshin REIT  (TSE:8977) 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.


Hankyu Hanshin REIT Selling, General, & Admin. Expense Related Terms


Hankyu Hanshin REIT Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Hankyu Hanshin REIT'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.

Hankyu Hanshin REIT Selling, General, & Admin. Expense Chart

Hankyu Hanshin REIT Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Selling, General, & Admin. Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 940.72 944.25 956.23 991.00 1,055.02

Hankyu Hanshin REIT Semi-Annual Data
Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25 May26
Selling, General, & Admin. Expense 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 482.22 508.78 526.88 528.14 525.42

TSE:8977 vs VICI, WPC: Selling, General, & Admin. Expense Comparison

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


Hankyu Hanshin REIT Selling, General, & Admin. Expense vs REITs Industry

For the REITs industry and Real Estate sector, Hankyu Hanshin REIT's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where Hankyu Hanshin REIT's Selling, General, & Admin. Expense falls into.


TSE:8977
63GF Score
Hankyu Hanshin REIT Inc TSE:8977
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Hankyu Hanshin REIT 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 May. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円1,054 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1,054 Mil mean?
Hankyu Hanshin REIT (TSE:8977) has a Selling, General, & Admin. Expense of 円1,054 Mil as of May. 2026. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Hankyu Hanshin REIT and its competitors.
Is Hankyu Hanshin REIT's Selling, General, & Admin. Expense too high?
Hankyu Hanshin REIT's current Selling, General, & Admin. Expense is 円1,054 Mil. Overall, Hankyu Hanshin REIT has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hankyu Hanshin REIT's Selling, General, & Admin. Expense compare to VICI and WPC?
Hankyu Hanshin REIT's Selling, General, & Admin. Expense of 円1,054 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 Hankyu Hanshin REIT and its competitors. Hankyu Hanshin REIT's current Selling, General, & Admin. Expense is 円1,054 Mil. 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154,503.50, compared to a current price of 円136,200.00 — trading 11.8% below its estimated fair value. The current Selling, General, & Admin. Expense is 円1,054 Mil. Hankyu Hanshin REIT's overall GF Score™ is 63/100 with 4 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 Hankyu Hanshin REIT (TSE:8977), the current Selling, General, & Admin. Expense is 円1,054 Mil as of May. 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 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136,200.00 is trading 11.8% below its estimated GF Value™ of 円154,503.50. GuruFocus considers Hankyu Hanshin REIT to be Modestly Undervalued.

Key valuation signals for TSE:8977:

  • Selling, General, & Admin. Expense: 円1,054 Mil
  • GF Value™: 円154,503.50 vs. price of 円136,200.00 (11.8% below fair value)
  • GF Score™: 63/100 with 4 warning signs

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.
63GF Score

Get the complete analysis for TSE:8977

Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円136,200.00
Price
円154,503.50
GF Value