Want to see JP:3296 full AI Analyst Report?
Top Page
NIPPON REIT Investment Corp
(3296)
Select Model
Select Model
Rating:68Neutral
Price Target:
¥89,925.00
▼(-8.98% Downside)
Action:Reiterated
Date:08/04/26
The score is driven primarily by solid financial performance (strong profitability but tempered by high leverage and volatile free cash flow). Valuation is a clear positive due to the high dividend yield and moderate P/E, while technicals are weaker with the price below major moving averages and only mixed momentum signals.
Positive Factors
Strong profitability
Consistently high net margins and improved net income provide durable distributable cash for a REIT. High margins cushion against rental cyclicality, support steady distributions, and give management flexibility to reinvest or pay down debt over multiple quarters.
Negative Factors
Meaningful leverage
Debt roughly equal to equity leaves limited balance-sheet flexibility and raises sensitivity to rising interest rates or refinancing risk. High leverage can compress distributable cash, constrain new purchases without raising equity, and magnify valuation and earnings stress.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong profitability
Consistently high net margins and improved net income provide durable distributable cash for a REIT. High margins cushion against rental cyclicality, support steady distributions, and give management flexibility to reinvest or pay down debt over multiple quarters.
Read all positive factors
NIPPON REIT Investment Corp (3296) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥153.38B
Dividend Yield5.79%
Average Volume (3M)3.07K
Price to Earnings (P/E)11.6
Beta (1Y)0.22
Revenue Growth73.49%
EPS Growth34.06%
CountryJP
Employees2,628
SectorReal Estate
Sector Strength53
IndustryREIT - Diversified
Share Statistics
EPS (TTM)7197.38
Shares Outstanding1,830,330
10 Day Avg. Volume2,927
30 Day Avg. Volume3,072
Financial Highlights & Ratios
PEG Ratio0.55
Price to Book (P/B)1.23
Price to Sales (P/S)8.02
P/FCF Ratio16.30
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)4,772.16
Revenue Forecast (FY)¥19.25B
NIPPON REIT Investment Corp Business Overview & Revenue Model
Company Description
Nippon REIT Investment Corporation aims to deliver consistent income growth and stability by leveraging its broad real estate holdings as a diversified investment trust. The company is dedicated to enhancing unitholder value through strategic and ...
How the Company Makes Money
NIPPON REIT Investment Corp makes money primarily by earning rental-related income from the real estate properties it owns. Key revenue and earnings drivers generally include: (1) Property leasing income: The core cash inflow is rent paid by tenan...
NIPPON REIT Investment Corp Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
64
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 46.95B | 19.83B | 17.69B | 20.28B | 19.45B | 18.79B |
| Gross Profit | 14.90B | 12.98B | 10.87B | 9.43B | 13.31B | 12.58B |
| EBITDA | 16.45B | 12.61B | 10.63B | 10.90B | 13.00B | 12.31B |
| Net Income | 12.73B | 9.66B | 7.75B | 7.74B | 10.19B | 9.59B |
Balance Sheet | ||||||
| Total Assets | 281.14B | 274.66B | 275.46B | 275.41B | 276.58B | 277.19B |
| Cash, Cash Equivalents and Short-Term Investments | 22.91B | 15.29B | 10.25B | 20.15B | 9.80B | 10.25B |
| Total Debt | 135.43B | 132.62B | 132.62B | 132.62B | 132.62B | 132.62B |
| Total Liabilities | 147.49B | 145.18B | 144.86B | 145.02B | 144.71B | 145.21B |
| Stockholders Equity | 133.65B | 129.48B | 130.61B | 130.39B | 131.87B | 131.98B |
Cash Flow | ||||||
| Free Cash Flow | 7.65B | 9.76B | 3.80B | 11.99B | 10.52B | 5.04B |
| Operating Cash Flow | 48.54B | 29.91B | 18.10B | 12.96B | 19.28B | 25.57B |
| Investing Cash Flow | -41.02B | -20.59B | -14.13B | -1.62B | -8.88B | -20.88B |
| Financing Cash Flow | -5.74B | -11.10B | -6.24B | -7.73B | -10.11B | -3.83B |
NIPPON REIT Investment Corp Technical Analysis
Negative
98800.00
Price Trends
82993.88
Negative
85239.82
Negative
89759.96
Negative
Market Momentum
-48.44
Positive
39.43
Neutral
4.94
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3296, the sentiment is Negative. The current price of 98800 is above the 20-day moving average (MA) of 83935.00, above the 50-day MA of 82993.88, and above the 200-day MA of 89759.96, indicating a bearish trend. The MACD of -48.44 indicates Positive momentum. The RSI at 39.43 is Neutral, neither overbought nor oversold. The STOCH value of 4.94 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3296.
NIPPON REIT Investment Corp Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ¥560.67B | 20.76 | ― | 4.28% | 5.70% | 18.14% | |
68 Neutral | ¥153.38B | 11.64 | ― | 4.70% | 73.49% | 34.06% | |
66 Neutral | ¥397.13B | 19.66 | 7.08% | 4.36% | -6.29% | 21.95% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
65 Neutral | ¥630.52B | 18.54 | 5.37% | 4.64% | 3.41% | 1.19% | |
63 Neutral | ¥521.28B | 18.98 | 7.25% | 4.46% | -1.59% | 7.45% | |
63 Neutral | ¥244.51B | 20.17 | ― | 4.61% | 1.36% | -1.18% |
* Real Estate Sector Average
JP:3296
NIPPON REIT Investment Corp
81,600.00
-9,283.61
-10.21%
JP:8955
Japan Prime Realty Investment
95,700.00
-246.45
-0.26%
JP:8960
United Urban Investment
160,700.00
-620.19
-0.38%
JP:8972
Kenedix Office Investment Corporation
152,000.00
-5,337.22
-3.39%
JP:3234
Mori Hills Reit Investment Corporation
126,800.00
-5,600.92
-4.23%
JP:8984
Daiwa House REIT Investment Corporation
120,100.00
-2,078.09
-1.70%
NIPPON REIT Investment Corp Corporate Events
NIPPON REIT Acquires Hakata Property to Strengthen Inflation-Resilient Portfolio
Jul 28, 2026
NIPPON REIT Investment Corporation has agreed to acquire trust beneficiary interests in the 9h nine hours Hakata station property in Fukuoka for ¥2.06 billion, with closing scheduled for July 31, 2026. The seller is an affiliated party, and t...
NIPPON REIT Secures New Loans and Refinances ¥10.8 Billion Debt to Fund Property Acquisition
Jul 28, 2026
NIPPON REIT Investment Corporation has arranged new borrowings totaling 1,335 million yen from Mizuho Bank and Sumitomo Mitsui Banking Corporation to help finance the 2,060 million yen acquisition of trust beneficiary interests in the nine hours H...
NIPPON REIT to Replace Auditor at Asset Manager SBI REIT Advisors
Jun 9, 2026
NIPPON REIT Investment Corporation announced that its asset manager, SBI REIT Advisors, plans to change its part-time Auditor, with the resignation of Shigeru Nakanishi at the end of June 2026 and the appointment of Seiji Murakami effective July 1...
NIPPON REIT Sells Tokyo Office Asset to Upgrade Portfolio and Fund Distributions
May 28, 2026
NIPPON REIT Investment Corporation has agreed to transfer the trust beneficiary interests in its Tsukiji Front office property in Chuo-ku, Tokyo, for ¥1.25 billion to a domestic corporate buyer, booking an estimated gain of about ¥396 mi...
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.