Japan Hotel REIT Earnings Estimates And Target Price Revision

Goldman Sachs maintains a Buy rating on Japan Hotel REIT (8985.T) while reducing the target price to ¥102,000. The revision follows the acquisition of the Hyatt Regency Tokyo and updated earnings forecasts.

Key Takeaways

• 1.Target price for Japan Hotel REIT (8985.T) revised to ¥102,000 from ¥107,000 following acquisition of Hyatt Regency Tokyo and updated earnings estimates.
• 2.Management maintains a 'Buy' rating, citing undervalued investment unit price relative to dividend yield.
• 3.The firm highlights inbound tourism trends, specifically noting the decline in Chinese tourists (-57% yoy as of April 2026) while other regions show growth.

Table of Contents

• Japan Hotel REIT (8985.T): Earnings estimates and target price revised based on latest results and monthly data; Buy
• Rating, valuation
• Investment Thesis - Japan Hotel REIT
• Disclosure Appendix
• Price target and rating history chart(s)
• Target price history table(s)
• Regulatory disclosures

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