Mori Hills Reit Investment (TSE:3234) Scaled Net Operating Assets: 0.95 (As of Jan. 2026)

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TSE:3234 Mori Hills Reit Investment Corp TSE:3234
64 GF Score
Price 円131,800.00
GF Value 円142,591.00
Valuation Fairly Valued
! 3 Warning Signs
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What is Mori Hills Reit Investment Scaled Net Operating Assets?

Mori Hills Reit Investment TSE:3234 +0.53% 64 Scaled Net Operating Assets is 0.95 as of Jan. 2026. GuruFocus rates TSE:3234 with a GF Score™ of 64/100 and a GF Value™ of 円142,591.00 (Fairly Valued). The stock has 3 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.

Mori Hills Reit Investment's operating assets for the quarter that ended in Jan. 2026 was 円407,437 Mil. Mori Hills Reit Investment's operating liabilities for the quarter that ended in Jan. 2026 was 円18,730 Mil. Mori Hills Reit Investment's Total Assets for the quarter that ended in Jul. 2025 was 円407,947 Mil. Therefore, Mori Hills Reit Investment's scaled net operating assets (SNOA) for the quarter that ended in Jan. 2026 was 0.95.


Mori Hills Reit Investment Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Mori Hills 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.

Mori Hills Reit Investment Scaled Net Operating Assets Chart

Mori Hills Reit Investment Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.97 0.95 0.92 0.91 0.92

Mori Hills Reit Investment Semi-Annual Data
Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
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 0.91 0.91 0.91 0.92 0.95

TSE:3234 vs VICI, WPC: Scaled Net Operating Assets Comparison

For the REIT - Diversified subindustry, Mori Hills 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.


Mori Hills Reit Investment Scaled Net Operating Assets vs REITs Industry

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

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


TSE:3234
64GF Score
Mori Hills Reit Investment Corp TSE:3234
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mori Hills 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.

Mori Hills Reit Investment's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jul. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jul. 2025 )
=(Operating Assets (A: Jul. 2025 )-Operating Liabilities (A: Jul. 2025 ))/Total Assets (A: Jul. 2024 )
=(398745.915-17930.75)/413260.969
=0.92

where

Operating Assets(A: Jul. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=407947.081 - 9201.166
=398745.915

Operating Liabilities(A: Jul. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=206118.75 - 164084 - 24104
=17930.75

Mori Hills Reit Investment's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jan. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jan. 2026 )
=(Operating Assets (Q: Jan. 2026 )-Operating Liabilities (Q: Jan. 2026 ))/Total Assets (Q: Jul. 2025 )
=(407437.014-18730.007)/407947.081
=0.95

where

Operating Assets(Q: Jan. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=411231.079 - 3794.065
=407437.014

Operating Liabilities(Q: Jan. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=208252.007 - 162338 - 27184
=18730.007

* 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 0.95 mean?
Mori Hills Reit Investment (TSE:3234) has a Scaled Net Operating Assets of 0.95 as of Jan. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Mori Hills Reit Investment and its competitors.
Is Mori Hills Reit Investment's Scaled Net Operating Assets too high?
Mori Hills Reit Investment's current Scaled Net Operating Assets is 0.95. Overall, Mori Hills Reit Investment has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mori Hills Reit Investment's Scaled Net Operating Assets compare to VICI and WPC?
Mori Hills Reit Investment's Scaled Net Operating Assets of 0.95 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 Mori Hills Reit Investment and its competitors. Mori Hills Reit Investment's current Scaled Net Operating Assets is 0.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mori Hills Reit Investment stock overvalued right now?
Based on GuruFocus' analysis, Mori Hills Reit Investment (TSE:3234) is currently considered Fairly Valued. The stock's GF Value™ is 円142,591.00, compared to a current price of 円131,800.00 — trading 7.6% below its estimated fair value. The current Scaled Net Operating Assets is 0.95. Mori Hills Reit Investment's overall GF Score™ is 64/100 with 3 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 Mori Hills Reit Investment (TSE:3234), the current Scaled Net Operating Assets is 0.95 as of Jan. 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 Mori Hills Reit Investment (TSE:3234) Overvalued in 2026?

Based on GuruFocus' analysis, Mori Hills Reit Investment stock appears to be undervalued. The current stock price of 円131,800.00 is trading 7.6% below its estimated GF Value™ of 円142,591.00. GuruFocus considers Mori Hills Reit Investment to be Fairly Valued.

Key valuation signals for TSE:3234:

  • Scaled Net Operating Assets: 0.95
  • GF Value™: 円142,591.00 vs. price of 円131,800.00 (7.6% below fair value)
  • GF Score™: 64/100 with 3 warning signs

No single metric tells the full story. See the TSE:3234 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mori Hills Reit Investment Business Description

Industry Real EstateREITs
Address 1-12-32 Akasaka, ARK Mori Building, Minato-ku, Tokyo, JPN, 107-6011
Mori Hills Reit Investment Corp is engaged in real estate investment, leasing, and management. The firm's primary objective is to secure steady growth in its portfolio and to maximize unitholders' value by making selective investments that mainly target areas and real estate properties. The company's real estate portfolio, as of the end of the twenty-first fiscal period, was comprised of ten properties. The company owns real estate office buildings and residential and retail properties available for lease in Tokyo.
64GF Score

Get the complete analysis for TSE:3234

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

円131,800.00
Price
円142,591.00
GF Value