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Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Orix Jreit's operating assets for the quarter that ended in Feb. 2026 was 円732,299 Mil. Orix Jreit's operating liabilities for the quarter that ended in Feb. 2026 was 円42,012 Mil. Orix Jreit's Total Assets for the quarter that ended in Aug. 2025 was 円718,423 Mil. Therefore, Orix Jreit's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2026 was 0.96.
Orix Jreit Scaled Net Operating Assets Related Terms
Orix Jreit Scaled Net Operating Assets Historical Data
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The historical data trend for Orix Jreit'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.
TSE:8954 vs BXP, ARE, VNO: Scaled Net Operating Assets Comparison
For the REIT - Office subindustry, Orix Jreit'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.
Orix Jreit Scaled Net Operating Assets vs REITs Industry
For the REITs industry and Real Estate sector, Orix Jreit's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Orix Jreit's Scaled Net Operating Assets falls into.
* 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 0.96 mean?
Orix Jreit (TSE:8954) has a Scaled Net Operating Assets of 0.96 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 Orix Jreit and its competitors.
Is Orix Jreit's Scaled Net Operating Assets too high?
Orix Jreit's current Scaled Net Operating Assets is 0.96. Overall, Orix Jreit has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Orix Jreit's Scaled Net Operating Assets compare to BXP and ARE?
Orix Jreit's Scaled Net Operating Assets of 0.96 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 Orix Jreit and its competitors. Orix Jreit's current Scaled Net Operating Assets is 0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Orix Jreit stock overvalued right now?
Based on GuruFocus' analysis, Orix Jreit (TSE:8954) is currently considered Fairly Valued. The stock's GF Value™ is 円101,646.15, compared to a current price of 円101,700.00 — trading 0.1% above its estimated fair value. The current Scaled Net Operating Assets is 0.96. Orix Jreit's overall GF Score™ is 71/100 with 9 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 Orix Jreit (TSE:8954), the current Scaled Net Operating Assets is 0.96 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 Orix Jreit (TSE:8954) Overvalued in 2026?
Based on GuruFocus' analysis, Orix Jreit stock appears to be overvalued.
The current stock price of 円101,700.00 is trading 0.1% above its estimated GF Value™ of 円101,646.15.
GuruFocus considers Orix Jreit to be Fairly Valued.
Key valuation signals for TSE:8954:
Scaled Net Operating Assets: 0.96
GF Value™: 円101,646.15 vs. price of 円101,700.00 (0.1% above fair value)
No single metric tells the full story. See the TSE:8954 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Orix Jreit Inc is a real estate investment trust engaged in the acquisition, ownership, and leasing of properties throughout Japan. In terms of asset acquisition price, the majority of the company's real estate portfolio comprises office buildings. Retail facilities and residential properties together also make up a considerable percentage of this portfolio. Orix JREIT's real estate assets are mostly located in the Greater Tokyo area, with those in the Central Wards of Tokyo representing the geographic segment in terms of property acquisition price. The company derives nearly all of its income in the form of rental revenue from tenants.
71GF Score
Get the complete analysis for TSE:8954
Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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