A3F Stock Overview

Hoshino Resorts REIT, Inc. (HRR) was publicly listed in 2013 as one of the smallest listed real estate investment trusts (REIT) in the world. More details

A3F fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	2/6
Past Performance	3/6
Financial Health	1/6
Dividends	5/6

Rewards

Trading at 22.8% below our estimate of its fair value

Earnings are forecast to grow 18.01% per year

Analysts in good agreement that stock price will rise by 27.6%

Risk Analysis

Debt is not well covered by operating cash flow

Shares are highly illiquid

Unstable dividend track record

My Notes

Capture your thoughts, links and company narrative

Hoshino Resorts REIT, Inc. Competitors

Hamborner REIT

XTRA:HABA

€527.1m

CDL Hospitality Trusts

SGX:J85

S$1.0b

Frasers Hospitality Trust

SGX:ACV

S$1.0b

Far East Hospitality Trust

SGX:Q5T

S$1.1b

Price History & Performance

Summary of share price highs, lows and changes for Hoshino Resorts REIT
Historical stock prices
Current Share Price	JP¥1,277.60
52 Week High	JP¥1,313.80
52 Week Low	JP¥1,242.40
Beta	0.61
1 Month Change	n/a
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	1.20%

Recent News & Updates

No updates

Recent updates

No updates

Shareholder Returns

	A3F	DE Hotel and Resort REITs	DE Market
7D	2.8%	0%	0%
1Y	n/a	0%	0%

Return vs Industry: Insufficient data to determine how A3F performed against the German Hotel and Resort REITs industry.

Return vs Market: Insufficient data to determine how A3F performed against the German Market.

Price Volatility

Is A3F's price volatile compared to industry and market?
A3F volatility
A3F Average Weekly Movement	n/a
Hotel and Resort REITs Industry Average Movement	0%
Market Average Movement	0%
10% most volatile stocks in DE Market	0%
10% least volatile stocks in DE Market	0%

Stable Share Price: A3F's share price has been volatile over the past 3 months compared to the German market.

Volatility Over Time: Insufficient data to determine A3F's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
n/a	n/a	Kenji Akimoto	www.hoshinoresorts-reit.com

Hoshino Resorts REIT, Inc. (HRR) was publicly listed in 2013 as one of the smallest listed real estate investment trusts (REIT) in the world. Our innovative approach includes being the first REIT to include traditional wooden Ryokans (Japanese-style inns). Since then, we have steadily achieved enhancing unitholder value by increasing our asset scale by approximately 10 times from the time of listing, and our distributions have approximately doubled compared to the second period after our public listing.

Hoshino Resorts REIT, Inc. Fundamentals Summary

How do Hoshino Resorts REIT's earnings and revenue compare to its market cap?
A3F fundamental statistics
Market cap	€761.30m
Earnings (TTM)	€31.97m
Revenue (TTM)	€88.27m

23.6x

P/E Ratio

8.5x

P/S Ratio

Is A3F overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
A3F income statement (TTM)
Revenue	JP¥14.01b
Cost of Revenue	JP¥6.41b
Gross Profit	JP¥7.60b
Other Expenses	JP¥2.52b
Earnings	JP¥5.07b

Last Reported Earnings

Oct 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	8.66k
Gross Margin	54.24%
Net Profit Margin	36.22%
Debt/Equity Ratio	66.2%

How did A3F perform over the long term?

See historical performance and comparison

Dividends

4.5%

Current Dividend Yield

52%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/02/19 19:16
End of Day Share Price	2025/02/18 00:00
Earnings	2024/10/31
Annual Earnings	2024/10/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Hoshino Resorts REIT, Inc. is covered by 9 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Noritaka Hobo	Daiwa Securities Co. Ltd.
William Montgomery	Jefferies LLC
Yosuke Ohata	Mizuho Securities Co., Ltd.