CENTRAL REIT Investment (TSE:3488) Scaled Net Operating Assets: 0.93 (As of Feb. 2026)


TSE:3488 CENTRAL REIT Investment Corp TSE:3488
60 GF Score
Price 円105,200.00
GF Value 円131,697.43
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is CENTRAL REIT Investment Scaled Net Operating Assets?

CENTRAL REIT Investment TSE:3488 -0.19% 60 Scaled Net Operating Assets is 0.93 as of Feb. 2026. GuruFocus rates TSE:3488 with a GF Score™ of 60/100 and a GF Value™ of 円131,697.43 (Modestly Undervalued). 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.

CENTRAL REIT Investment's operating assets for the quarter that ended in Feb. 2026 was 円47,869 Mil. CENTRAL REIT Investment's operating liabilities for the quarter that ended in Feb. 2026 was 円2,645 Mil. CENTRAL REIT Investment's Total Assets for the quarter that ended in Aug. 2025 was 円48,799 Mil. Therefore, CENTRAL REIT Investment's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2026 was 0.93.


CENTRAL REIT Investment Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for CENTRAL 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.

CENTRAL REIT Investment Scaled Net Operating Assets Chart

CENTRAL REIT Investment Annual Data
Trend Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.99 1.15 0.92 0.93 0.93

CENTRAL REIT Investment Semi-Annual Data
Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 0.93 0.93 0.93 0.93 0.93

TSE:3488 vs VICI, WPC, BNL: Scaled Net Operating Assets Comparison

For the REIT - Diversified subindustry, CENTRAL 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.


CENTRAL REIT Investment Scaled Net Operating Assets vs REITs Industry

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

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


TSE:3488
60GF Score
CENTRAL REIT Investment Corp TSE:3488
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CENTRAL 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.

CENTRAL REIT Investment's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Aug. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Aug. 2025 )
=(Operating Assets (A: Aug. 2025 )-Operating Liabilities (A: Aug. 2025 ))/Total Assets (A: Aug. 2024 )
=(47822.655-2642.735)/48428.223
=0.93

where

Operating Assets(A: Aug. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=48799.221 - 976.566
=47822.655

Operating Liabilities(A: Aug. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=22543.735 - 15045 - 4856
=2642.735

CENTRAL REIT Investment's Scaled Net Operating Assets (SNOA) for the quarter that ended in Feb. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Feb. 2026 )
=(Operating Assets (Q: Feb. 2026 )-Operating Liabilities (Q: Feb. 2026 ))/Total Assets (Q: Aug. 2025 )
=(47868.569-2645.049)/48799.221
=0.93

where

Operating Assets(Q: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=48956.214 - 1087.645
=47868.569

Operating Liabilities(Q: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=22546.049 - 15551 - 4350
=2645.049

* 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 0.93 mean?
CENTRAL REIT Investment (TSE:3488) has a Scaled Net Operating Assets of 0.93 as of Feb. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on CENTRAL REIT Investment and its competitors.
Is CENTRAL REIT Investment's Scaled Net Operating Assets too high?
CENTRAL REIT Investment's current Scaled Net Operating Assets is 0.93. Overall, CENTRAL REIT Investment has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CENTRAL REIT Investment's Scaled Net Operating Assets compare to VICI and WPC?
CENTRAL REIT Investment's Scaled Net Operating Assets of 0.93 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 CENTRAL REIT Investment and its competitors. CENTRAL REIT Investment's current Scaled Net Operating Assets is 0.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CENTRAL REIT Investment stock overvalued right now?
Based on GuruFocus' analysis, CENTRAL REIT Investment (TSE:3488) is currently considered Modestly Undervalued. The stock's GF Value™ is 円131,697.43, compared to a current price of 円105,200.00 — trading 20.1% below its estimated fair value. The current Scaled Net Operating Assets is 0.93. CENTRAL REIT Investment's overall GF Score™ is 60/100 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 CENTRAL REIT Investment (TSE:3488), the current Scaled Net Operating Assets is 0.93 as of Feb. 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 CENTRAL REIT Investment (TSE:3488) Overvalued in 2026?

Based on GuruFocus' analysis, CENTRAL REIT Investment stock appears to be undervalued. The current stock price of 円105,200.00 is trading 20.1% below its estimated GF Value™ of 円131,697.43. GuruFocus considers CENTRAL REIT Investment to be Modestly Undervalued.

Key valuation signals for TSE:3488:

  • Scaled Net Operating Assets: 0.93
  • GF Value™: 円131,697.43 vs. price of 円105,200.00 (20.1% below fair value)
  • GF Score™: 60/100 with 4 warning signs

No single metric tells the full story. See the TSE:3488 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CENTRAL REIT Investment Business Description

Industry Real EstateREITs
Address 1-11-30 Akasaka, Minato-ku, Tokyo, JPN, 107-0052
CENTRAL REIT Investment Corp, formerly XYMAX REIT Investment Corp works as a real estate manager. The company offers a range of services including leasing, managing, brokerage, consulting, and other services. It operates properties including office, retail, logistics and hotel buildings based on contract.
60GF Score

Get the complete analysis for TSE:3488

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

円105,200.00
Price
円131,697.43
GF Value