{"ticker": {"uuid": "a01fa481-329e-4280-85b1-9ccb27d28a65", "symbol": "8977", "name": "Hankyu Hanshin REIT, Inc.", "exchange": "JPX", "asset_type": "equity"}, "latest_week": "2026-06-12", "summary": "8977 closed the latest completed week at 140,200 JPY. The 4-week return is -3.5% and the 12-week return is -6.2%. Trend Signal is inactive, Market Dynamics is -0.66.", "description": "Hankyu Hanshin REIT, Inc. is an integrated real estate investment trust. The firm invests mainly in real estate properties for retail or office use throughout Japan with the purpose of securing stable income over the medium-to-long-term and achieving the best possible returns for unitholders. HHR will focus on investments in the retail-use zone (zone in which visitors receive goods and services in return for payment) and the Kansai Region (the six prefectures of Osaka, Kyoto, Hyogo, Nara, Shiga and Wakayama). In principle, the ratio of investment each in the retail-use zone and the Kansai Region will be 50% or more of the total investment portfolio (based on acquisition prices) as of the end of each fiscal period. HHR will utilize the planning and management capacities in the real estate business of the Hankyu Hanshin Holdings Group (a corporate group formed under Hankyu Hanshin Holdings, Inc. as the holding company; hereinafter the sponsor group). Hankyu Hanshin REIT, Inc. was incorporated in Japan.", "setup_signature": "Risk-first tape", "composite_score": "35", "kpis": [{"label": "Latest Close", "value": "140,200 JPY", "hint": "2026-06-12"}, {"label": "1W Return", "value": "2.9%", "tone": "positive", "hint": "latest completed week"}, {"label": "4W Return", "value": "-3.5%", "tone": "negative", "hint": "short-term follow-through"}, {"label": "12W Return", "value": "-6.2%", "tone": "negative", "hint": "quarterly tape"}, {"label": "Trend Breadth", "value": "61.5%", "hint": "32 of 52 weeks active"}, {"label": "Volume Ratio", "value": "1.1x", "hint": "vs 13-week average"}], "classification": {"exchange": "JPX", "country": "JP", "sector": "Real Estate", "industry": "Reit - Diversified", "currency": "JPY", "market_cap": "99.6B"}, "price": {"trend_line": "154,103 JPY", "fair_value": "134,930 JPY", "vs_trend": "-9.0%", "vs_fair_value": "3.9%", "high_52": "173,562 JPY", "low_52": "135,800 JPY", "drawdown": "-19.2%", "range_position": "11.7%"}, "momentum": {"returns": [{"label": "1W", "value": 2.936857562408223, "value_label": "2.9%", "tone": "positive", "width": 8.391021606880637}, {"label": "4W", "value": -3.498771794728397, "value_label": "-3.5%", "tone": "negative", "width": 9.996490842081133}, {"label": "12W", "value": -6.2126783885488495, "value_label": "-6.2%", "tone": "negative", "width": 17.75050968156814}, {"label": "26W", "value": -14.6423703865494, "value_label": "-14.6%", "tone": "negative", "width": 41.83534396156971}, {"label": "52W", "value": -6.156483185759815, "value_label": "-6.2%", "tone": "negative", "width": 17.58995195931376}], "trend_streak": 0, "active_weeks": 32, "active_breadth": "61.5%", "peer": {"scope": "JP Real Estate", "count": 192, "rank": 28, "percentile": 85.86387434554975, "avg_weekly_return": 0.52521100533751}}, "setup": {"scores": [{"label": "Trend", "value": 33.84615384615385, "value_label": "34", "width": 33.84615384615385, "tone": "negative", "description": "Persistence of active Trend Signal over the last year and current streak."}, {"label": "Momentum", "value": 36.36141432243072, "value_label": "36", "width": 36.36141432243072, "tone": "neutral", "description": "Blend of 4-week and 12-week follow-through."}, {"label": "Dynamics", "value": 43.405177614105845, "value_label": "43", "width": 43.405177614105845, "tone": "neutral", "description": "Latest Market Dynamics and whether pressure has improved over four weeks."}, {"label": "Relative Strength", "value": 0, "value_label": "0", "width": 4, "tone": "negative", "description": "Relative leadership and short-term RS change."}, {"label": "Volume", "value": 44.35361991406612, "value_label": "44", "width": 44.35361991406612, "tone": "neutral", "description": "Participation compared with the 13-week volume baseline."}, {"label": "Risk Control", "value": 50.45461740949804, "value_label": "50", "width": 50.45461740949804, "tone": "neutral", "description": "Drawdown and recent weekly volatility pressure."}], "timeline": [{"week": "27 Feb", "return": -0.9363275890569674, "return_label": "-0.9%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 7.802729908808062}, {"week": "6 Mar", "return": -2.9615636995105383, "return_label": "-3.0%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 24.67969749592115}, {"week": "13 Mar", "return": -0.7142793393860486, "return_label": "-0.7%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 5.952327828217071}, {"week": "20 Mar", "return": 0.0, "return_label": "0.0%", "tone": "neutral", "trend": false, "buy_signal": false, "positive_md": false, "height": 4}, {"week": "27 Mar", "return": -1.8312714574768025, "return_label": "-1.8%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 15.260595478973354}, {"week": "3 Apr", "return": -0.9327109723543829, "return_label": "-0.9%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 7.7725914362865245}, {"week": "10 Apr", "return": 0.6725006951029607, "return_label": "0.7%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 5.604172459191339}, {"week": "17 Apr", "return": 0.801605730958928, "return_label": "0.8%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 6.6800477579910655}, {"week": "24 Apr", "return": -0.9277661012694828, "return_label": "-0.9%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 7.7313841772456895}, {"week": "1 May", "return": 0.06688805897951079, "return_label": "0.1%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 4}, {"week": "8 May", "return": -1.1363689778490735, "return_label": "-1.1%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 9.469741482075612}, {"week": "15 May", "return": 0.4732924731368701, "return_label": "0.5%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 4}, {"week": "22 May", "return": -0.8748327618916512, "return_label": "-0.9%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 7.290273015763759}, {"week": "29 May", "return": -0.07786886891155119, "return_label": "-0.1%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 4}, {"week": "5 Jun", "return": -5.350938151494093, "return_label": "-5.4%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 44.59115126245077}, {"week": "12 Jun", "return": 2.936857562408223, "return_label": "2.9%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 24.473813020068526}]}, "groups": {"sector": {"scope": "JP Real Estate", "count": 100, "avg_weekly_return": 2.1487453691860634, "avg_four_week_return": -2.312247803858528, "avg_twelve_week_return": -5.414069514974471, "trend_breadth": 14.000000000000002, "positive_md_breadth": 8.0, "positive_rs_breadth": 2.0, "week_rank": 23, "four_week_rank": 65, "twelve_week_rank": 34, "top_peers": [{"id": 25041, "symbol": "3480", "name": "J.S.B.Co.,Ltd.", "exchange": "JPX", "url": "/terminal/d85969ee-112a-40c7-88a4-0c7065c61952/report/", "weekly_return": 2.0618556701030926, "weekly_return_label": "2.1%", "weekly_return_tone": "positive", "four_week_return": 31.499051233396585, "four_week_return_label": "31.5%", "four_week_return_tone": "positive", "twelve_week_return": 105.63798219584571, "twelve_week_return_label": "105.6%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": true}, {"id": 25012, "symbol": "3465", "name": "Ki-Star Real Estate Co.,Ltd", "exchange": "JPX", "url": "/terminal/86ab8df5-9ae2-425e-9807-00db36ec3a92/report/", "weekly_return": 7.162921348314606, "weekly_return_label": "7.2%", "weekly_return_tone": "positive", "four_week_return": 9.0, "four_week_return_label": "9.0%", "four_week_return_tone": "positive", "twelve_week_return": 20.139068879677826, "twelve_week_return_label": "20.1%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": false, "positive_rs": false}, {"id": 31603, "symbol": "8975", "name": "Ichigo Office REIT Investment Corporation", "exchange": "JPX", "url": "/terminal/57d72905-d6aa-4c4e-a90c-7582b1181684/report/", "weekly_return": 11.058263971462544, "weekly_return_label": "11.1%", "weekly_return_tone": "positive", "four_week_return": 6.742857142857144, "four_week_return_label": "6.7%", "four_week_return_tone": "positive", "twelve_week_return": -0.07495715539935581, "twelve_week_return_label": "-0.1%", "twelve_week_return_tone": "negative", "trend_active": false, "positive_md": false, "positive_rs": false}, {"id": 24201, "symbol": "2780", "name": "Komehyo Holdings Co.,Ltd.", "exchange": "JPX", "url": "/terminal/ab898ed3-24ad-4c5b-8404-0e7c0df229db/report/", "weekly_return": -1.3435700575815739, "weekly_return_label": "-1.3%", "weekly_return_tone": "negative", "four_week_return": 6.528497409326425, "four_week_return_label": "6.5%", "four_week_return_tone": "positive", "twelve_week_return": 12.430531422151187, "twelve_week_return_label": "12.4%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": true}, {"id": 25010, "symbol": "3463", "name": "Ichigo Hotel REIT Investment Corporation", "exchange": "JPX", "url": "/terminal/04fb7644-262b-4adf-8a75-dccc120e0147/report/", "weekly_return": 0.0, "weekly_return_label": "0.0%", "weekly_return_tone": "neutral", "four_week_return": 4.659832246039143, "four_week_return_label": "4.7%", "four_week_return_tone": "positive", "twelve_week_return": -3.189655172413793, "twelve_week_return_label": "-3.2%", "twelve_week_return_tone": "negative", "trend_active": false, "positive_md": false, "positive_rs": false}]}, "industry": {"scope": "JP Reit - Diversified", "count": 21, "avg_weekly_return": 2.113327762090532, "avg_four_week_return": -2.635737057681505, "avg_twelve_week_return": -7.451799123536706, "trend_breadth": 0.0, "positive_md_breadth": 0.0, "positive_rs_breadth": 0.0, "week_rank": 2, "four_week_rank": 18, "twelve_week_rank": 6, "top_peers": [{"id": 24754, "symbol": "3279", "name": "Activia Properties Inc.", "exchange": "JPX", "url": "/terminal/4ac9f7e8-0296-4bfc-bea6-4eff88ca57ec/report/", "weekly_return": 2.361005331302361, "weekly_return_label": "2.4%", "weekly_return_tone": "positive", "four_week_return": 0.8556360661142839, "four_week_return_label": "0.9%", "four_week_return_tone": "positive", "twelve_week_return": -5.577540065273301, "twelve_week_return_label": "-5.6%", "twelve_week_return_tone": "negative", "trend_active": false, "positive_md": false, "positive_rs": false}, {"id": 25022, "symbol": "3470", "name": "Marimo Regional Revitalization REIT, Inc.", "exchange": "JPX", "url": "/terminal/0e89d46b-915f-4ec3-9011-10a65f8a85af/report/", "weekly_return": 1.588785046728972, "weekly_return_label": "1.6%", "weekly_return_tone": "positive", "four_week_return": -1.0018214936247722, "four_week_return_label": "-1.0%", "four_week_return_tone": "negative", "twelve_week_return": -1.1818181818181819, "twelve_week_return_label": "-1.2%", "twelve_week_return_tone": "negative", "trend_active": false, "positive_md": false, "positive_rs": false}, {"id": 31600, "symbol": "8972", "name": "KDX Realty Investment Corporation", "exchange": "JPX", "url": "/terminal/dd0ab344-b666-4c6c-9b78-708ff8d0455a/report/", "weekly_return": 1.9404915912031047, "weekly_return_label": "1.9%", "weekly_return_tone": "positive", "four_week_return": -1.5, "four_week_return_label": "-1.5%", "four_week_return_tone": "negative", "twelve_week_return": -3.9515705047599035, "twelve_week_return_label": "-4.0%", "twelve_week_return_tone": "negative", "trend_active": false, "positive_md": false, "positive_rs": false}, {"id": 24372, "symbol": "2989", "name": "Tokaido REIT, Inc.", "exchange": "JPX", "url": "/terminal/6df68790-4e5e-43ef-9c4b-4be818cac4d6/report/", "weekly_return": 2.1934197407776668, "weekly_return_label": "2.2%", "weekly_return_tone": "positive", "four_week_return": -1.536983669548511, "four_week_return_label": "-1.5%", "four_week_return_tone": "negative", "twelve_week_return": -7.490974729241877, "twelve_week_return_label": "-7.5%", "twelve_week_return_tone": "negative", "trend_active": false, "positive_md": false, "positive_rs": false}, {"id": 25017, "symbol": "3468", "name": "Star Asia Investment Corporation", "exchange": "JPX", "url": "/terminal/0a177655-3d51-4399-ba63-38cb3c839804/report/", "weekly_return": 2.4299065420560746, "weekly_return_label": "2.4%", "weekly_return_tone": "positive", "four_week_return": -1.615798922800718, "four_week_return_label": "-1.6%", "four_week_return_tone": "negative", "twelve_week_return": -5.679862306368331, "twelve_week_return_label": "-5.7%", "twelve_week_return_tone": "negative", "trend_active": false, "positive_md": false, "positive_rs": false}]}}, "dynamics": {"market_dynamics": "-0.66", "market_dynamics_tone": "negative", "md_4_change": "65.1%", "relative_strength": "-32.81", "rs_4_change": "-17.2%", "expectation": "Undecided", "expectation_probability": "45.10%"}, "volume": {"latest": "8.1K", "average_13": "7.6K", "average_52": "7.6K", "ratio_13": "1.1x", "ratio_52": "1.1x"}, "risk": {"volatility_13": "1.8%", "volatility_52": "1.7%", "downside_weeks": 26, "upside_weeks": 24, "downside_breadth": "50.0%", "average_gain": "1.2%", "average_loss": "-1.3%"}, "signals": [{"label": "Trend Signal", "value": "Inactive", "tone": "negative"}, {"label": "Market Dynamics", "value": "No fresh buy", "tone": "neutral"}, {"label": "Price vs Trend", "value": "-9.0%", "tone": "negative"}, {"label": "Volume", "value": "1.1x", "tone": "neutral"}], "opportunities": ["Price is above Fair Value, showing premium demand versus the model."], "risks": ["Trend Signal is inactive, so price action has not confirmed a constructive regime.", "Price is below the Trend Line, which keeps downside pressure in focus.", "Market Dynamics is negative, which weakens the current setup."], "watch_points": ["Trend Line remains the key weekly regime level.", "Market Dynamics is the pressure gauge to monitor for confirmation or fade.", "A volume ratio above 1.5x would show stronger participation in the next move."], "recent_rows": [{"week": "2026-06-12", "close": "140,200 JPY", "weekly_return": 2.936857562408223, "weekly_return_label": "2.9%", "weekly_return_tone": "positive", "trend_line": "154,103 JPY", "fair_value": "134,930 JPY", "market_dynamics": "-0.66", "relative_strength": "-32.81", "volume": "8.1K", "trend_signal": "Off"}, {"week": "2026-06-05", "close": "136,200 JPY", "weekly_return": -5.350938151494093, "weekly_return_label": "-5.4%", "weekly_return_tone": "negative", "trend_line": "155,084 JPY", "fair_value": "134,840 JPY", "market_dynamics": "-0.91", "relative_strength": "-35.99", "volume": "10.6K", "trend_signal": "Off"}, {"week": "2026-05-29", "close": "143,900 JPY", "weekly_return": -0.07786886891155119, "weekly_return_label": "-0.1%", "weekly_return_tone": "negative", "trend_line": "156,208 JPY", "fair_value": "134,775 JPY", "market_dynamics": "-1.20", "relative_strength": "-32.81", "volume": "14.5K", "trend_signal": "Off"}, {"week": "2026-05-22", "close": "144,012 JPY", "weekly_return": -0.8748327618916512, "weekly_return_label": "-0.9%", "weekly_return_tone": "negative", "trend_line": "157,082 JPY", "fair_value": "134,666 JPY", "market_dynamics": "-1.61", "relative_strength": "-30.23", "volume": "9.2K", "trend_signal": "Off"}, {"week": "2026-05-15", "close": "145,283 JPY", "weekly_return": 0.4732924731368701, "weekly_return_label": "0.5%", "weekly_return_tone": "positive", "trend_line": "157,993 JPY", "fair_value": "134,548 JPY", "market_dynamics": "-1.88", "relative_strength": "-28.00", "volume": "8.6K", "trend_signal": "Off"}, {"week": "2026-05-08", "close": "144,599 JPY", "weekly_return": -1.1363689778490735, "weekly_return_label": "-1.1%", "weekly_return_tone": "negative", "trend_line": "158,872 JPY", "fair_value": "134,424 JPY", "market_dynamics": "-2.04", "relative_strength": "-30.35", "volume": "3.5K", "trend_signal": "Off"}, {"week": "2026-05-01", "close": "146,261 JPY", "weekly_return": 0.06688805897951079, "weekly_return_label": "0.1%", "weekly_return_tone": "positive", "trend_line": "159,610 JPY", "fair_value": "134,291 JPY", "market_dynamics": "-2.04", "relative_strength": "-26.34", "volume": "5.6K", "trend_signal": "Off"}, {"week": "2026-04-24", "close": "146,163 JPY", "weekly_return": -0.9277661012694828, "weekly_return_label": "-0.9%", "weekly_return_tone": "negative", "trend_line": "160,284 JPY", "fair_value": "134,154 JPY", "market_dynamics": "-1.97", "relative_strength": "-27.19", "volume": "5.5K", "trend_signal": "Off"}, {"week": "2026-04-17", "close": "147,532 JPY", "weekly_return": 0.801605730958928, "weekly_return_label": "0.8%", "weekly_return_tone": "positive", "trend_line": "160,970 JPY", "fair_value": "134,017 JPY", "market_dynamics": "-1.94", "relative_strength": "-25.51", "volume": "6.0K", "trend_signal": "Off"}, {"week": "2026-04-10", "close": "146,359 JPY", "weekly_return": 0.6725006951029607, "weekly_return_label": "0.7%", "weekly_return_tone": "positive", "trend_line": "161,534 JPY", "fair_value": "133,862 JPY", "market_dynamics": "-1.93", "relative_strength": "-24.68", "volume": "5.6K", "trend_signal": "Off"}, {"week": "2026-04-03", "close": "145,381 JPY", "weekly_return": -0.9327109723543829, "weekly_return_label": "-0.9%", "weekly_return_tone": "negative", "trend_line": "162,150 JPY", "fair_value": "133,712 JPY", "market_dynamics": "-1.84", "relative_strength": "-20.52", "volume": "9.2K", "trend_signal": "Off"}, {"week": "2026-03-27", "close": "146,750 JPY", "weekly_return": -1.8312714574768025, "weekly_return_label": "-1.8%", "weekly_return_tone": "negative", "trend_line": "162,671 JPY", "fair_value": "133,566 JPY", "market_dynamics": "-1.65", "relative_strength": "-20.70", "volume": "6.7K", "trend_signal": "Off"}, {"week": "2026-03-20", "close": "149,487 JPY", "weekly_return": 0.0, "weekly_return_label": "0.0%", "weekly_return_tone": "neutral", "trend_line": "163,255 JPY", "fair_value": "133,386 JPY", "market_dynamics": "-1.65", "relative_strength": "-19.72", "volume": "6.1K", "trend_signal": "Off"}, {"week": "2026-03-13", "close": "149,487 JPY", "weekly_return": -0.7142793393860486, "weekly_return_label": "-0.7%", "weekly_return_tone": "negative", "trend_line": "163,721 JPY", "fair_value": "133,175 JPY", "market_dynamics": "-1.64", "relative_strength": "-20.81", "volume": "10.0K", "trend_signal": "Off"}], "chart_url": "/terminal/a01fa481-329e-4280-85b1-9ccb27d28a65/", "api_path": "/terminal/a01fa481-329e-4280-85b1-9ccb27d28a65/report/api/"}