Nippon Building Fund (DB:S4C) - Stock Price, News & Analysis

S4C Stock Overview

NBF (Nippon Building Fund Inc.) is Japan's largest real estate investment trust (J-REIT) which invests in office buildings primarily in Tokyo as well as nationwide. More details

S4C fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	5/6
Financial Health	1/6
Dividends	4/6

Rewards

Earnings grew by 8.2% over the past year

Risk Analysis

Shares are highly illiquid

Debt is not well covered by operating cash flow

Earnings are forecast to decline by an average of 5% per year for the next 3 years

Unstable dividend track record

Nippon Building Fund Inc. Competitors

Cousins Properties

NYSE:CUZ

US$5.0b

Japan Real Estate Investment

TSE:8952

JP¥799.6b

Kilroy Realty

NYSE:KRC

US$4.8b

COPT Defense Properties

NYSE:CDP

US$3.6b

Price History & Performance

Summary of all time highs, changes and price drops for Nippon Building Fund
Historical stock prices
Current Share Price	JP¥812.00
52 Week High	JP¥856.00
52 Week Low	JP¥632.00
Beta	0.39
11 Month Change	0%
3 Month Change	3.05%
1 Year Change	10.33%
33 Year Change	-26.85%
5 Year Change	-39.57%
Change since IPO	4.77%

Recent updates

Shareholder Returns

	S4C	DE Office REITs	DE Market
7D	0%	-0.2%	-0.02%
1Y	10.3%	-2.9%	8.2%

Return vs Industry: S4C exceeded the German Office REITs industry which returned -2.9% over the past year.

Return vs Market: S4C exceeded the German Market which returned 8.2% over the past year.

Price Volatility

Is S4C's price volatile compared to industry and market?
S4C volatility
S4C Average Weekly Movement	n/a
Office REITs Industry Average Movement	3.3%
Market Average Movement	4.8%
10% most volatile stocks in DE Market	10.9%
10% least volatile stocks in DE Market	2.3%

Stable Share Price: S4C's share price has been volatile over the past 3 months compared to the German market.

Volatility Over Time: Insufficient data to determine S4C's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2001	n/a	Daisuke Yamashita	www.nbf-m.com/nbf/

NBF (Nippon Building Fund Inc.) is Japan's largest real estate investment trust (J-REIT) which invests in office buildings primarily in Tokyo as well as nationwide. its objective is to source the solid growth of the stable revenues from its assets through exploitation of Mitsui Fudossan's know-how.

Nippon Building Fund Inc. Fundamentals Summary

How do Nippon Building Fund's earnings and revenue compare to its market cap?
S4C fundamental statistics
Market cap	€6.76b
Earnings (TTM)	€265.79m
Revenue (TTM)	€604.46m

25.4x

P/E Ratio

11.2x

P/S Ratio

Is S4C overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
S4C income statement (TTM)
Revenue	JP¥97.46b
Cost of Revenue	JP¥35.47b
Gross Profit	JP¥62.00b
Other Expenses	JP¥19.14b
Earnings	JP¥42.86b

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	5.04k
Gross Margin	63.61%
Net Profit Margin	43.97%
Debt/Equity Ratio	82.7%

How did S4C perform over the long term?

See historical performance and comparison

Dividends

4.1%

Current Dividend Yield

75%

Payout Ratio

Does S4C pay a reliable dividends?

See S4C dividend history and benchmarks

When do you need to buy S4C by to receive an upcoming dividend?
Nippon Building Fund dividend dates
Ex Dividend Date	Dec 27 2024
Dividend Pay Date	Mar 17 2025
Days until Ex dividend	33 days
Days until Dividend pay date	113 days

Does S4C pay a reliable dividends?

See S4C dividend history and benchmarks

S4C Stock Overview

Rewards

Risk Analysis

Nippon Building Fund Inc. Competitors

NYSE:CUZ

US$5.0b

TSE:8952

JP¥799.6b

NYSE:KRC

US$4.8b

NYSE:CDP

US$3.6b

Price History & Performance

Recent News & Updates

Nippon Building Fund Inc. (TSE:8951) agreed to acquire an additional 0.46% stake in Kowa Nishi-Shinbashi Building B for ¥63 million

Final dividend of JP¥2,400 announced

Full year 2024 earnings released: FFO per share: JP¥6.1k (vs JP¥6,036 in FY 2023)

New major risk - Revenue and earnings growth

Now 22% overvalued after recent price rise

Nippon Building Fund Inc. to Report First Half, 2024 Results on Aug 15, 2024

Recent updates

Nippon Building Fund Inc. (TSE:8951) agreed to acquire an additional 0.46% stake in Kowa Nishi-Shinbashi Building B for ¥63 million

Final dividend of JP¥2,400 announced

Full year 2024 earnings released: FFO per share: JP¥6.1k (vs JP¥6,036 in FY 2023)

New major risk - Revenue and earnings growth

Now 22% overvalued after recent price rise

Nippon Building Fund Inc. to Report First Half, 2024 Results on Aug 15, 2024

Now 22% overvalued

Now 15% overvalued

Now 21% overvalued

Nippon Building Fund Inc Announces Eiichiro Onozawa Resigns as Substitute Executive Director, As of March 31, 2024

Nippon Building Fund Inc. Announces the Retirement of Tetsuya Saito as Full-Time Director, Effective as of March 31, 2024

First half dividend of JP¥12,500 announced

Nippon Building Fund Inc. to Report Fiscal Year 2023 Results on Feb 15, 2024

Nippon Building Fund Inc. Revises Earnings Guidance for the Fiscal Periods Ending June 30, 2024

Upcoming dividend of JP¥11,500 per share at 3.8% yield

Nippon Building Fund Incorporation (TSE:8951) agreed to acquire Yodoyabashi Flex Tower from Global One Real Estate Investment Corp. (TSE:8958) for ¥9.8 billion.

Nippon Building Fund Incorporation (TSE:8951) acquired additional 2.6% stake in Nishi-Shinjuku Mitsui Building on ¥120 million.

Full year 2023 earnings released: EPS: JP¥23,294 (vs JP¥28,170 in FY 2022)

Nippon Building Fund Incorporation to Report First Half, 2023 Results on Aug 15, 2023

Upcoming dividend of JP¥11,500 per share at 4.1% yield

No independent directors

First half 2023 earnings released: EPS: JP¥11,927 (vs JP¥13,148 in 1H 2022)

Nippon Building Fund Incorporation Provides Distribution Guidance for Period Ending December 31, 2022

Nippon Building Fund Incorporation to Report Second Half, 2022 Results on Feb 15, 2023

Upcoming dividend of JP¥11,500 per share

No independent directors

SMFL MIRAI Partners Company, Limited agreed to acquire 50% stake in Shin-Kawasaki Mitsui Building from Nippon Building Fund Incorporation (TSE:8951) for ¥24 billion.

Full year 2022 earnings released: EPS: JP¥28,129 (vs JP¥24,561 in FY 2021)

Nippon Building Fund Incorporation to Report First Half, 2022 Results on Aug 15, 2022

Upcoming dividend of JP¥13,000 per share

No independent directors

Nippon Building Fund Incorporation Announces Retirement of Yoshiyuki Tanabe as Director, Effective March 31, 2022

First half 2022 earnings: Revenues and EPS in line with analyst expectations

Nippon Building Fund Incorporation Provides Distribution Guidance for Period Ending June 30, 2021

Nippon Building Fund Incorporation Provides Earnings Guidance for the Period Ending June 30,2022 and December 31, 2022

Nippon Building Fund Incorporation to Report Fiscal Year 2021 Results on Feb 15, 2022

An unknown buyer agreed to acquire NBF Niigata Telecom Building from Nippon Building Fund Incorporation (TSE:8951) for approximately 4000.

Upcoming dividend of JP¥11,500 per share

Upcoming dividend of JP¥11,500 per share

Nippon Building Fund Incorporation (TSE:8951) acquired additional 15% stake in Yokohama ST Building from Toda Corporation (TSE:1860) for ¥3.2 billion.

An unknown buyer agreed to acquire Nakanosakaue Sunbright Twin, Sun Mullion NBF Tower and NBF Unix Bldg from Nippon Building Fund Incorporation (TSE:8951) for ¥59.3 billion.

Nippon Building Fund Incorporation (TSE:8951) signed an contract to acquire Iidabashi Grand Bloom from Mitsui Fudosan Co., Ltd. (TSE:8801) for ¥77.6 billion.

Upcoming dividend of JP¥11,350 per share

First half 2021 earnings released: EPS JP¥11,524 (vs JP¥11,011 in 1H 2020)

First half 2021 earnings released: EPS JP¥11,524 (vs JP¥11,011 in 1H 2020)

New 90-day high: €4,950

Nippon Building Fund Incorporation, Annual General Meeting, Mar 09, 2021

New 90-day high: €4,720

Nippon Building Fund Incorporation and Nippon Building Fund Management Ltd. to Lease Shinjuku Mitsui Building to Mitsui Fudosan Co., Ltd

Nippon Building Fund Incorporation (TSE:8951) agreed to acquire additional 8.62% stake in NBF Ogawamachi Building from multiple individuals for ¥480 million.

New 90-day low: €4,568

Nippon Building Fund Incorporation (TSE:8951) agreed to acquire Shinjuku Mitsui Building and Gran Tokyo South Tower from Mitsui Fudosan Co., Ltd. (TSE:8801) for ¥220 billion.

Full year earnings released - FFO €16,125 per share

Nippon Building Fund Incorporation (TSE:8951) entered into agreement to acquire Osaki Bright Tower and two other properties from Mitsui Fudosan Co., Ltd. (TSE:8801) for ¥40.22 billion.

Tosei Corporation (TSE:8923) signed a contract to acquire NBF Shinkawa Building from Nippon Building Fund Incorporation (TSE:8951) for ¥11.9 billion.

New 90-day low - €4,648

Shareholder Returns

Price Volatility

About the Company