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Hoshino Resorts REIT, Inc.
(3287)
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Select Model
Rating:69Neutral
Price Target:
¥264,005
▲(6.93% Upside)
Action:Reiterated
Date:08/04/26
The score is driven primarily by strong financial performance (notably revenue growth and profitability) but is meaningfully held back by weak free cash flow conversion. Valuation is supported by a solid dividend yield with a moderate P/E, while technical indicators point to a largely neutral setup without a strong trend.
Positive Factors
Revenue growth momentum
Sustained double‑digit revenue expansion reflects successful asset acquisitions and stronger operating performance across the portfolio. Durable top‑line growth enlarges the rental base, improves scale economics for property management and supports recurring distributable income over the medium term.
Negative Factors
Weak free cash flow conversion
Poor conversion of net income into free cash flow constrains the REIT's ability to sustainably fund distributions, capex and acquisitions without external financing. Structural FCF weakness raises reliance on debt or equity and increases vulnerability to higher funding costs over time.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth momentum
Sustained double‑digit revenue expansion reflects successful asset acquisitions and stronger operating performance across the portfolio. Durable top‑line growth enlarges the rental base, improves scale economics for property management and supports recurring distributable income over the medium term.
Read all positive factors
Hoshino Resorts REIT, Inc. (3287) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥142.94B
Dividend Yield5.29%
Average Volume (3M)1.36K
Price to Earnings (P/E)18.9
Beta (1Y)0.45
Revenue Growth44.46%
EPS Growth34.92%
CountryJP
EmployeesN/A
SectorReal Estate
Sector Strength53
IndustryREIT - Hotel & Motel
Share Statistics
EPS (TTM)12893.53
Shares Outstanding585,834
10 Day Avg. Volume1,094
30 Day Avg. Volume1,362
Financial Highlights & Ratios
PEG Ratio1.52
Price to Book (P/B)1.03
Price to Sales (P/S)6.94
P/FCF Ratio26.26
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥292,000.00Price Target Upside18.27% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)13,211.93
Revenue Forecast (FY)¥18.59B
Hoshino Resorts REIT, Inc. Business Overview & Revenue Model
Company Description
Hoshino Resorts REIT, Inc. (HRR) commenced public trading in 2013, notably entering the market as one of the smallest real estate investment trusts worldwide. A pioneering aspect of its strategy involved becoming the inaugural REIT to incorporate ...
How the Company Makes Money
Hoshino Resorts REIT, Inc. makes money primarily by earning rental and related income from the hotel properties it owns. Its core revenue model is to (1) acquire hospitality assets (such as resort and city hotels), (2) lease those assets to hotel ...
Hoshino Resorts REIT, Inc. Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Apr 2025 | Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 23.44B | 21.73B | 14.17B | 12.70B | 11.32B | 9.43B |
| Gross Profit | 5.49B | 8.23B | 7.80B | 6.75B | 5.92B | 4.86B |
| EBITDA | 13.47B | 11.97B | 9.63B | 8.55B | 7.37B | 6.15B |
| Net Income | 7.55B | 6.35B | 5.07B | 4.52B | 3.73B | 2.88B |
Balance Sheet | ||||||
| Total Assets | 257.26B | 250.92B | 248.86B | 216.05B | 205.96B | 179.72B |
| Cash, Cash Equivalents and Short-Term Investments | 13.12B | 13.86B | 12.12B | 11.76B | 11.21B | 8.83B |
| Total Debt | 105.05B | 99.06B | 95.94B | 84.30B | 72.73B | 68.48B |
| Total Liabilities | 110.94B | 105.03B | 103.92B | 89.79B | 80.12B | 73.56B |
| Stockholders Equity | 146.32B | 145.89B | 144.94B | 126.26B | 125.84B | 106.16B |
Cash Flow | ||||||
| Free Cash Flow | 2.49B | 5.74B | -27.01B | -1.45B | -13.80B | -7.79B |
| Operating Cash Flow | 16.74B | 18.09B | 8.25B | 8.01B | 6.98B | 4.97B |
| Investing Cash Flow | -16.11B | -14.54B | -32.72B | -12.89B | -26.58B | -5.53B |
| Financing Cash Flow | -289.34M | -2.30B | 25.20B | 5.60B | 21.98B | -1.71B |
Hoshino Resorts REIT, Inc. Technical Analysis
Negative
246900.00
Price Trends
238992.00
Negative
242968.30
Negative
247548.68
Negative
Market Momentum
-115.71
Positive
43.95
Neutral
15.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3287, the sentiment is Negative. The current price of 246900 is above the 20-day moving average (MA) of 242205.00, above the 50-day MA of 238992.00, and below the 200-day MA of 247548.68, indicating a bearish trend. The MACD of -115.71 indicates Positive momentum. The RSI at 43.95 is Neutral, neither overbought nor oversold. The STOCH value of 15.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3287.
Hoshino Resorts REIT, Inc. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ¥142.94B | 18.92 | ― | 4.18% | 44.46% | 34.92% | |
68 Neutral | ¥483.74B | 15.28 | 9.53% | 6.22% | 36.09% | 41.80% | |
67 Neutral | ¥80.82B | 5.92 | ― | ― | 70.29% | 345.92% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
56 Neutral | ¥37.33B | 13.66 | ― | 6.82% | -19.18% | -36.63% |
* Real Estate Sector Average
JP:3287
Hoshino Resorts REIT, Inc.
237,800.00
-16,554.22
-6.51%
JP:8985
Japan Hotel Reit Investment
81,000.00
2,084.31
2.64%
JP:3463
Ichigo Hotel REIT Investment Corp.
109,900.00
-15,322.68
-12.24%
JP:3468
Star Asia Investment Corp.
53,000.00
-2,927.08
-5.23%
JP:3472
Nippon Hotel & Residential Investment Corporation
65,700.00
-8,166.67
-11.06%
JP:3479
TKP Corp
1,843.00
-57.00
-3.00%
Hoshino Resorts REIT, Inc. Corporate Events
Hoshino Resorts REIT Posts Solid May Results Despite Kansai Slowdown
Jul 7, 2026
Hoshino Resorts REIT reported solid portfolio performance in May 2026, with year-on-year gains in occupancy, average daily rate and RevPAR, driving higher net sales across both in-house and third-party operated hotels. Despite weaker demand and in...
Hoshino Resorts REIT Lifts Distributions on Strong Hotel Rent
Jun 30, 2026
Hoshino Resorts REIT, Inc. reported that its actual distribution per unit for the fiscal period ended April 2026 reached 6,832 yen, exceeding its previous forecast of 6,500 yen by 5.1 percent, with total distributions rising to 4,002 million yen. ...
Hoshino Resorts REIT Targets Tourism Growth With New Fiscal 2026 Presentation
Jun 16, 2026
Hoshino Resorts REIT, Inc. has released presentation materials for its fiscal period ended April 2026, outlining its ongoing efforts to build investment schemes that capitalize on the expansion of Japan’s tourism sector. By highlighting flag...
Hoshino Resorts REIT Posts Strong April 2026 Results, Signals Steady Distributions Ahead
Jun 15, 2026
Hoshino Resorts REIT, Inc. reported solid results for the fiscal period ended April 2026, with operating revenue rising 7.5% to ¥9.34 billion and profit climbing 12.4% to ¥3.99 billion, supported by improved profitability metrics. The RE...
Hoshino Resorts REIT April Portfolio Hit by Kansai Slowdown, Hokuriku and Okinawa Offset Weakness
Jun 10, 2026
Hoshino Resorts REIT reported that its overall hotel portfolio in April 2026 saw a year-on-year decline in occupancy and RevPAR, despite a slight increase in average daily rates, as demand in the Kansai area weakened following the fading impact of...
Hoshino Resorts REIT Consolidates Hotel Tenants Under Single Operating Entity
Jun 1, 2026
Hoshino Resorts REIT, Inc. has announced that several hotel-operating tenants within the Hoshino Resorts Group will merge on July 1, 2026, consolidating lessees of key properties such as HOSHINOYA Taketomi Island, Iriomote Hotel, OMO7 Osaka, OMO7 ...
Hoshino Resorts REIT Posts Steady March Portfolio Gains Despite Renovation Drag
May 15, 2026
Hoshino Resorts REIT reported that its overall hotel portfolio delivered steady performance in March 2026, with occupancy edging up 0.2 percentage points year on year and both average daily rate and RevPAR rising, supported by solid domestic trave...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.