KDXRF (KDX Realty Investment) Scaled Net Operating Assets: 0.89 (As of Apr. 2026)


KDXRF KDX Realty Investment Corp KDXRF
73 GF Score
Price $2,342.50
GF Value $2,630.71
! 4 Warning Signs
View Full Analysis

What is KDX Realty Investment Scaled Net Operating Assets?

KDX Realty Investment KDXRF 73 Scaled Net Operating Assets is 0.89 as of Apr. 2026. GuruFocus rates KDXRF with a GF Score™ of 73/100 and a GF Value™ of $2,630.71. The stock has 4 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

KDX Realty Investment's operating assets for the quarter that ended in Apr. 2026 was $7,780.3 Mil. KDX Realty Investment's operating liabilities for the quarter that ended in Apr. 2026 was $362.0 Mil. KDX Realty Investment's Total Assets for the quarter that ended in Oct. 2025 was $8,289.5 Mil. Therefore, KDX Realty Investment's scaled net operating assets (SNOA) for the quarter that ended in Apr. 2026 was 0.89.


KDX Realty Investment Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for KDX Realty Investment's Scaled Net Operating Assets 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.

KDX Realty Investment Scaled Net Operating Assets Chart

KDX Realty Investment Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.83 0.72 0.87 2.43 0.92

KDX Realty Investment Semi-Annual Data
Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
Scaled Net Operating Assets 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 2.34 0.97 0.97 0.88 0.90

KDXRF vs VICI, WPC: Scaled Net Operating Assets Comparison

For the REIT - Diversified subindustry, KDX Realty Investment's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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.


KDX Realty Investment Scaled Net Operating Assets vs REITs Industry

For the REITs industry and Real Estate sector, KDX Realty Investment's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where KDX Realty Investment's Scaled Net Operating Assets falls into.


KDXRF
73GF Score
KDX Realty Investment Corp KDXRF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

KDX Realty Investment Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

KDX Realty Investment's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Oct. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Oct. 2025 )
=(Operating Assets (A: Oct. 2025 )-Operating Liabilities (A: Oct. 2025 ))/Total Assets (A: Oct. 2024 )
=(7961.415-376.1)/8285.913
=0.92

where

Operating Assets(A: Oct. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=8289.54 - 328.125
=7961.415

Operating Liabilities(A: Oct. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4111.899 - 3027.792 - 708.007
=376.1

KDX Realty Investment's Scaled Net Operating Assets (SNOA) for the quarter that ended in Apr. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Apr. 2026 )
=(Operating Assets (Q: Apr. 2026 )-Operating Liabilities (Q: Apr. 2026 ))/Total Assets (Q: Oct. 2025 )
=(7780.298-362.043)/8289.54
=0.89

where

Operating Assets(Q: Apr. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=8021.1 - 240.802
=7780.298

Operating Liabilities(Q: Apr. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4034.994 - 2842.997 - 829.954
=362.043

* 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 Scaled Net Operating Assets of 0.89 mean?
KDX Realty Investment (KDXRF) has a Scaled Net Operating Assets of 0.89 as of Apr. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on KDX Realty Investment and its competitors.
Is KDX Realty Investment's Scaled Net Operating Assets too high?
KDX Realty Investment's current Scaled Net Operating Assets is 0.89. Overall, KDX Realty Investment has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does KDX Realty Investment's Scaled Net Operating Assets compare to VICI and WPC?
KDX Realty Investment's Scaled Net Operating Assets of 0.89 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 Scaled Net Operating Assets for a REITs company?
A good Scaled Net Operating Assets depends on the REITs industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on KDX Realty Investment and its competitors. KDX Realty Investment's current Scaled Net Operating Assets is 0.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KDX Realty Investment stock overvalued right now?
KDX Realty Investment (KDXRF) has a current Scaled Net Operating Assets of 0.89. The stock's GF Value™ is $2,630.71, compared to a current price of $2,342.50 — trading 11% below its estimated fair value. The current Scaled Net Operating Assets is 0.89. KDX Realty Investment's overall GF Score™ is 73/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For KDX Realty Investment (KDXRF), the current Scaled Net Operating Assets is 0.89 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 KDX Realty Investment (KDXRF) Overvalued in 2026?

Based on GuruFocus' analysis, KDX Realty Investment stock appears to be undervalued. The current stock price of $2,342.50 is trading 11% below its estimated GF Value™ of $2,630.71.

Key valuation signals for KDXRF:

  • Scaled Net Operating Assets: 0.89
  • GF Value™: $2,630.71 vs. price of $2,342.50 (11% below fair value)
  • GF Score™: 73/100 with 4 warning signs

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


KDX Realty Investment Business Description

Industry Real EstateREITs
Other Exchanges 8972:Japan
Address 2-1-6 Uchisaiwaicho, Chiyoda-ku, Tokyo, JPN, 105-0004
KDX Realty Investment Corp is a Japan-based real estate investment trust. It is engaged in the business of investing in office and residential buildings. The company has around 100 properties, which include Mid-sized Office Buildings and other office buildings, central urban properties, residential properties, and others. The company owns properties in 5 Central wards of Tokyo, Tokyo Metropolitan area, and other regional areas.
73GF Score

Get the complete analysis for KDXRF

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$2,342.50
Price
$2,630.71
GF Value