Hoshino Resorts REIT, Inc. (3287) AI Stock Analysis

• Market Cap: ¥153.49B
• Dividend Yield: 3.48%
• Average Volume (3M): 1.36K
• Price to Earnings (P/E): 27.4
• Beta (1Y): 0.38
• Revenue Growth: 23.80%
• EPS Growth: 7.98%
• Country: JP
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Hotel & Motel
• EPS (TTM): 4768.00
• Shares Outstanding: 585,834
• 10 Day Avg. Volume: 1,094
• 30 Day Avg. Volume: 1,362
• PEG Ratio: 3.93
• Price to Book (P/B): 0.82
• Price to Sales (P/S): 8.39
• P/FCF Ratio: -4.39
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 64 Neutral
• Price Target: ¥283,871 ▲(7.81% Upside)

Hoshino Resorts REIT, Inc. shows strong financial performance with robust revenue and profit growth, but faces liquidity concerns due to negative free cash flow. Technical indicators suggest a neutral to slightly bearish trend, while the high P/E ratio indicates potential overvaluation. The dividend yield offers some appeal to income-focused investors.

Hoshino Resorts REIT, Inc. Business Overview & Revenue Model

Company Description

Hoshino Resorts REIT, Inc. (3287) is a Japanese real estate investment trust (REIT) that primarily invests in hospitality properties. Established to provide stable and long-term earnings by leveraging the growth potential of the tourism and hospitality sectors in Japan, the company focuses on acquiring and managing a diverse portfolio of hotel and resort properties. Its assets are often strategically located in key tourist destinations, catering to both domestic and international travelers.

How the Company Makes Money

Hoshino Resorts REIT, Inc. generates revenue primarily through the leasing of its hospitality properties to operators, who run the day-to-day operations of the hotels and resorts. The company earns rental income based on long-term lease agreements, which often include fixed and variable rent components. Fixed rents provide a stable revenue base, while variable rents, which are tied to the performance of the properties, offer potential upside during favorable market conditions. Additionally, the company benefits from property appreciation and the strategic acquisition and divestment of assets to optimize its portfolio. Key partnerships with hotel operators and the strategic location of its properties in popular tourist areas also contribute to its financial performance.

Hoshino Resorts REIT, Inc. Financial Statement Overview

Summary

Hoshino Resorts REIT, Inc. exhibits strong revenue and profit growth with healthy margins and stable financials. However, significant capital expenditures leading to negative free cash flow present a potential risk to liquidity and require careful management.

Income Statement

The income statement shows strong revenue growth with a 11.52% increase from 2023 to 2024. Gross profit margin is healthy at 55.00%, and the net profit margin improved to 35.81%, indicating efficient cost management. EBIT margin stands at 44.71%, reflecting robust operating performance. However, the EBITDA margin of 67.95% suggests high depreciation or amortization expenses, which may need monitoring.

Balance Sheet

The balance sheet presents a solid equity base with an equity ratio of 58.22%, indicating financial stability. The debt-to-equity ratio is at 0.66, reflecting a balanced leverage level. Nonetheless, the return on equity is strong at 3.50%, showcasing effective use of equity capital despite high debt levels.

Cash Flow

Cash flow analysis reveals a challenging scenario with negative free cash flow growth due to high capital expenditures. The operating cash flow to net income ratio of 1.63 suggests robust cash generation relative to earnings, but the free cash flow to net income ratio is negative, indicating cash flow pressures.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	14.17B	14.17B	12.70B	11.32B	9.43B	12.18B
Gross Profit	7.80B	7.80B	6.75B	5.92B	4.86B	7.87B
EBITDA	10.81B	9.63B	8.55B	7.80B	6.44B	9.26B
Net Income	5.53B	5.07B	4.52B	3.73B	2.88B	5.80B
Balance Sheet
Total Assets	251.41B	248.86B	216.05B	205.96B	179.72B	178.81B
Cash, Cash Equivalents and Short-Term Investments	12.77B	12.12B	11.76B	11.21B	8.83B	11.17B
Total Debt	99.07B	95.94B	84.30B	74.59B	68.48B	67.85B
Total Liabilities	106.38B	103.92B	89.79B	80.12B	73.56B	73.22B
Stockholders Equity	145.03B	144.94B	126.26B	125.84B	106.16B	105.59B
Cash Flow
Free Cash Flow	-31.12B	-27.05B	-4.92B	-18.19B	-8.29B	-168.49M
Operating Cash Flow	10.59B	8.25B	8.01B	6.98B	4.97B	7.97B
Investing Cash Flow	-7.35B	-32.72B	-12.89B	-26.58B	-5.53B	-8.09B
Financing Cash Flow	-1.80B	25.20B	5.60B	21.98B	-1.71B	221.70M

Hoshino Resorts REIT, Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 263300.00
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3287, the sentiment is Positive. The current price of 263300 is below the 20-day moving average (MA) of 265710.00, below the 50-day MA of 268820.00, and above the 200-day MA of 233465.49, indicating a neutral trend. The MACD of -1949.97 indicates Positive momentum. The RSI at 41.95 is Neutral, neither overbought nor oversold. The STOCH value of 46.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3287.

Hoshino Resorts REIT, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3463	78 Outperform	¥42.57B	9.07	―	11.01%	69.11%	134.79%
8985	76 Outperform	¥453.12B	19.09	9.29%	4.41%	36.94%	37.79%
8963	71 Outperform	€521.49B	17.62	9.62%	5.68%	19.85%	8.60%
8968	69 Neutral	¥167.08B	20.74	―	4.30%	10.22%	17.61%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
3287	64 Neutral	¥153.49B	27.42	―	3.48%	23.80%	7.98%

Hoshino Resorts REIT, Inc. Corporate Events

Hoshino Resorts REIT Sees Occupancy Surge Amid Expo Boost

Hoshino Resorts REIT, Inc. reported a significant increase in its portfolio’s occupancy rate by 9.0 percentage points and a 10.2% rise in RevPAR for August 2025, driven by heightened demand from the Osaka-Kansai World Expo. However, the company faced challenges due to natural disasters affecting the Kyushu region, which temporarily reduced accommodation demand at certain facilities. The overall performance highlights the company’s resilience and strategic positioning in capitalizing on major events while navigating environmental challenges.

The most recent analyst rating on (JP:3287) stock is a Hold with a Yen283871.00 price target. To see the full list of analyst forecasts on Hoshino Resorts REIT, Inc. stock, see the JP:3287 Stock Forecast page.