PICJF (NTT UD Reit Investment) Scaled Net Operating Assets: 0.81 (As of Apr. 2026)


PICJF NTT UD Reit Investment Corp PICJF
66 GF Score
Price $892.43
GF Value $908.36
! 11 Warning Signs
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What is NTT UD Reit Investment Scaled Net Operating Assets?

NTT UD Reit Investment PICJF 66 Scaled Net Operating Assets is 0.81 as of Apr. 2026. GuruFocus rates PICJF with a GF Score™ of 66/100 and a GF Value™ of $908.36. The stock has 11 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.

NTT UD Reit Investment's operating assets for the quarter that ended in Apr. 2026 was $1,838.7 Mil. NTT UD Reit Investment's operating liabilities for the quarter that ended in Apr. 2026 was $186.7 Mil. NTT UD Reit Investment's Total Assets for the quarter that ended in Oct. 2025 was $2,031.5 Mil. Therefore, NTT UD Reit Investment's scaled net operating assets (SNOA) for the quarter that ended in Apr. 2026 was 0.81.


NTT UD Reit Investment Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for NTT UD Reit 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.

NTT UD Reit Investment Scaled Net Operating Assets Chart

NTT UD Reit 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 0.85 0.68 0.88 1.03 0.84

NTT UD Reit 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 1.00 0.94 0.93 0.81 0.81

PICJF vs VICI, WPC: Scaled Net Operating Assets Comparison

For the REIT - Diversified subindustry, NTT UD Reit 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.


NTT UD Reit Investment Scaled Net Operating Assets vs REITs Industry

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

* The bar in red indicates where NTT UD Reit Investment's Scaled Net Operating Assets falls into.


PICJF
66GF Score
NTT UD Reit Investment Corp PICJF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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NTT UD Reit 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.

NTT UD Reit 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 )
=(1940.501-194.402)/2079.214
=0.84

where

Operating Assets(A: Oct. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2031.51 - 91.009
=1940.501

Operating Liabilities(A: Oct. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1063.63 - 816.372 - 52.856
=194.402

NTT UD Reit 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 )
=(1838.717-186.748)/2031.51
=0.81

where

Operating Assets(Q: Apr. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1933.416 - 94.699
=1838.717

Operating Liabilities(Q: Apr. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1009.579 - 772.554 - 50.277
=186.748

* 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 0.81 mean?
NTT UD Reit Investment (PICJF) has a Scaled Net Operating Assets of 0.81 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 NTT UD Reit Investment and its competitors.
Is NTT UD Reit Investment's Scaled Net Operating Assets too high?
NTT UD Reit Investment's current Scaled Net Operating Assets is 0.81. Overall, NTT UD Reit Investment has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.
How does NTT UD Reit Investment's Scaled Net Operating Assets compare to VICI and WPC?
NTT UD Reit Investment's Scaled Net Operating Assets of 0.81 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 NTT UD Reit Investment and its competitors. NTT UD Reit Investment's current Scaled Net Operating Assets is 0.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NTT UD Reit Investment stock overvalued right now?
NTT UD Reit Investment (PICJF) has a current Scaled Net Operating Assets of 0.81. The stock's GF Value™ is $908.36, compared to a current price of $892.43 — trading 1.8% below its estimated fair value. The current Scaled Net Operating Assets is 0.81. NTT UD Reit Investment's overall GF Score™ is 66/100 with 11 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 NTT UD Reit Investment (PICJF), the current Scaled Net Operating Assets is 0.81 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 NTT UD Reit Investment (PICJF) Overvalued in 2026?

Based on GuruFocus' analysis, NTT UD Reit Investment stock appears to be undervalued. The current stock price of $892.43 is trading 1.8% below its estimated GF Value™ of $908.36.

Key valuation signals for PICJF:

  • Scaled Net Operating Assets: 0.81
  • GF Value™: $908.36 vs. price of $892.43 (1.8% below fair value)
  • GF Score™: 66/100 with 11 warning signs

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


NTT UD Reit Investment Business Description

Industry Real EstateREITs
Other Exchanges 8956:Japan
Address 1-5-1 Otemachi, Chiyoda-ku, Tokyo, JPN
NTT UD Reit Investment Corp is a Japan-based real estate investment trust company. It is a J-REIT managing compound portfolio of office buildings and residential properties, with NTT Urban Development serving as the sponsor.
66GF Score

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

$892.43
Price
$908.36
GF Value