NIPPON REIT Investment (TSE:3296) - Stock Price, News & Analysis

3296 Stock Overview

Focuses on income growth and stability by making full use of the characteristics as a diversified REIT, and endeavors to maximize unitholder value through conducting dynamic and timely investments and acting in the best interests of unitholders. More details

3296 fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	4/6
Financial Health	1/6
Dividends	4/6

Rewards

Price-To-Earnings ratio (16.1x) is below the REITs industry average (18.1x)

Earnings grew by 16.1% over the past year

Trading at good value compared to peers and industry

Risk Analysis

Debt is not well covered by operating cash flow

Earnings are forecast to decline by an average of 4.6% per year for the next 3 years

Unstable dividend track record

NIPPON REIT Investment Corporation Competitors

Tokyu REIT

TSE:8957

JP¥154.6b

Heiwa Real Estate REIT

TSE:8966

JP¥143.4b

NTT UD REIT Investment

TSE:8956

JP¥166.6b

Star Asia Investment

TSE:3468

JP¥134.4b

Price History & Performance

Summary of all time highs, changes and price drops for NIPPON REIT Investment
Historical stock prices
Current Share Price	JP¥317,000.00
52 Week High	JP¥360,500.00
52 Week Low	JP¥306,000.00
Beta	0.56
11 Month Change	0.32%
3 Month Change	-2.31%
1 Year Change	-8.91%
33 Year Change	-25.67%
5 Year Change	-35.11%
Change since IPO	21.41%

Recent updates

Shareholder Returns

	3296	JP REITs	JP Market
7D	1.6%	1.2%	-0.4%
1Y	-8.9%	-12.9%	11.4%

Return vs Industry: 3296 exceeded the JP REITs industry which returned -12.9% over the past year.

Return vs Market: 3296 underperformed the JP Market which returned 11.4% over the past year.

Price Volatility

Is 3296's price volatile compared to industry and market?
3296 volatility
3296 Average Weekly Movement	1.7%
REITs Industry Average Movement	1.9%
Market Average Movement	3.8%
10% most volatile stocks in JP Market	7.6%
10% least volatile stocks in JP Market	2.1%

Stable Share Price: 3296 has not had significant price volatility in the past 3 months compared to the JP market.

Volatility Over Time: 3296's weekly volatility (2%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2010	n/a	Yasushi Iwasa	www.nippon-reit.com/

NIPPON REIT Investment Corporation focuses on income growth and stability by making full use of the characteristics as a diversified REIT, and endeavors to maximize unitholder value through conducting dynamic and timely investments and acting in the best interests of unitholders.

NIPPON REIT Investment Corporation Fundamentals Summary

How do NIPPON REIT Investment's earnings and revenue compare to its market cap?
3296 fundamental statistics
Market cap	JP¥140.72b
Earnings (TTM)	JP¥8.76b
Revenue (TTM)	JP¥18.69b

16.1x

P/E Ratio

7.5x

P/S Ratio

Is 3296 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
3296 income statement (TTM)
Revenue	JP¥18.69b
Cost of Revenue	JP¥7.82b
Gross Profit	JP¥10.87b
Other Expenses	JP¥2.11b
Earnings	JP¥8.76b

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	19.73k
Gross Margin	58.15%
Net Profit Margin	46.84%
Debt/Equity Ratio	102.1%

How did 3296 perform over the long term?

See historical performance and comparison

Dividends

5.5%

Current Dividend Yield

43%

Payout Ratio

Does 3296 pay a reliable dividends?

See 3296 dividend history and benchmarks

When do you need to buy 3296 by to receive an upcoming dividend?
NIPPON REIT Investment dividend dates
Ex Dividend Date	Dec 27 2024
Dividend Pay Date	Mar 24 2025
Days until Ex dividend	35 days
Days until Dividend pay date	122 days

Does 3296 pay a reliable dividends?

See 3296 dividend history and benchmarks

3296 Stock Overview

Rewards

Risk Analysis

NIPPON REIT Investment Corporation Competitors

TSE:8957

JP¥154.6b

TSE:8966

JP¥143.4b

TSE:8956

JP¥166.6b

TSE:3468

JP¥134.4b

Price History & Performance

Recent News & Updates

Cosmos Initia Co., Ltd. (TSE:8844) completed the acquisition of B-15 Field Avenue from NIPPON REIT Investment Corporation.

Final dividend of JP¥9,544 announced

An undisclosed acquired Belleza Kanayama from NIPPON REIT Investment Corporation (TSE:3296) for ¥730 million.

NIPPON REIT Investment Corporation (TSE:3296) announces an Equity Buyback for 9,000 shares, representing 2% for ¥2,500 million.

Now 20% overvalued

An undisclosed buyer signed a letter of intent to acquire Belleza Kanayama from NIPPON REIT Investment Corporation (TSE:3296) for ¥730 million.

Recent updates

Cosmos Initia Co., Ltd. (TSE:8844) completed the acquisition of B-15 Field Avenue from NIPPON REIT Investment Corporation.

Final dividend of JP¥9,544 announced

An undisclosed acquired Belleza Kanayama from NIPPON REIT Investment Corporation (TSE:3296) for ¥730 million.

NIPPON REIT Investment Corporation (TSE:3296) announces an Equity Buyback for 9,000 shares, representing 2% for ¥2,500 million.

Now 20% overvalued

An undisclosed buyer signed a letter of intent to acquire Belleza Kanayama from NIPPON REIT Investment Corporation (TSE:3296) for ¥730 million.

Full year 2024 earnings released: EPS: JP¥19,464 (vs JP¥16,769 in FY 2023)

NIPPON REIT Investment Corporation Announces Cash Distribution for the Fiscal Period Ended June 30, 2024, Payable on September 19, 2024; Provides Dividend Guidance for the Fiscal Period Ending December 31, 2024

NIPPON REIT Investment Corporation to Report Fiscal Year 2024 Results on Aug 15, 2024

NIPPON REIT Investment Corporation Revises Earnings Guidance for the Fiscal Period from January 1, 2024 to June 30, 2024

Upcoming dividend of JP¥8,810 per share

First half 2024 earnings released: EPS: JP¥8,854 (vs JP¥8,388 in 1H 2023)

NIPPON REIT Investment Corporation Provides Earnings Guidance for the Fiscal Period Ending June 30, 2024 and December 31, 2024

NIPPON REIT Investment Corporation (TSE:3296) completed the acquisition of 30 Sankyo Building, St. Lake Celeb Daikancho and Belle Face Kawaharadori from Godo Kaisha NRT Growth 18.

NIPPON REIT Investment Corporation to Report Q2, 2024 Results on Feb 19, 2024

Upcoming dividend of JP¥8,166 per share at 4.8% yield

Price target increased by 7.5% to JP¥375,667

NIPPON REIT Investment Corporation, Annual General Meeting, Sep 22, 2023

Full year 2023 earnings released

NIPPON REIT Investment Corporation (TSE:3296) completed the acquisition of 6 properties from Godo Kaisha NRT Growth 17.

NIPPON REIT Investment Corporation to Report Q4, 2023 Results on Aug 17, 2023

Upcoming dividend of JP¥8,269 per share at 4.9% yield

Price target decreased by 9.0% to JP¥374,333

First half 2023 earnings released: EPS: JP¥8,386 (vs JP¥11,859 in 1H 2022)

Nippon Reit Investment Corporation Announces Dividend for the Fiscal Period Ended December 31, 2022, Payable on March 24, 2023

NIPPON REIT Investment Corporation to Report Q2, 2023 Results on Feb 16, 2023

Upcoming dividend of JP¥8,259 per share

No independent directors

Full year 2022 earnings released: EPS: JP¥20,685 (vs JP¥22,897 in FY 2021)

NIPPON REIT Investment Corporation Provides Earnings Guidance for the Fiscal Period Ending December 31, 2022 and June 30, 2023

NIPPON REIT Investment Corporation Announces Cash Distribution for the Fiscal Period Ended June 30, 2022, Payable on September 20, 2022

NIPPON REIT Investment Corporation to Report Fiscal Year 2022 Results on Aug 16, 2022

Upcoming dividend of JP¥8,586 per share

No independent directors

First half 2022 earnings released: EPS: JP¥11,859 (vs JP¥12,098 in 1H 2021)

NIPPON REIT Investment Corporation Announces Rescission of Appointment of Alternate Executive Officer

NIPPON REIT Investment Corporation (TSE:3296) agreed to acquire 30 Sankyo Building.

Price target decreased to JP¥434,000

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

NIPPON REIT Investment Corporation Announces Cash Distribution for the Fiscal Period Ended December 31, 2021, Payable on March 25, 2022; Provides Cash Distribution Guidance for the Fiscal Period Ending June 30, 2022 and December 31, 2022

Upcoming dividend of JP¥11,665 per share

Full year 2021 earnings released: EPS JP¥22,897 (vs JP¥18,117 in FY 2020)

NIPPON REIT Investment Corporation (TSE:3296) completed the acquisition of Eight Proporties of Godo Kaisha NRT Growth 16.

An unknown buyer completed the acquisition of Toshin Higashi-Ikebuk uro from NIPPON REIT Investment Corporation (TSE:3296).

NIPPON REIT Investment Corporation (TSE:3296) agreed to acquire Eight Proporties of Godo Kaisha NRT Growth 16 for ¥7.6 billion.

NIPPON REIT Investment Corporation (TSE:3296) agreed to acquire 6 properties from Godo Kaisha NRT Growth 17 for ¥4.6 billion.

Upcoming dividend of JP¥10,643 per share

Price target raised to JP¥444,000

NIPPON REIT Investment Corporation (TSE:3296) completed the acquisition of MAISON Dino.

NIPPON REIT Investment Corporation (TSE:3296) completed the acquisition of Tensho Office Shinbashi 5 in Minato-ward, Tokyo from Godo Kaisha NRT Growth 14.

An unknown buyer entered into an agreement to acquire Higashi Ikebukuro Center, Marunouchi Sanchome, Toshin Higashi-Ikebuk uro and FORECAST Uchikanda from NIPPON REIT Investment Corporation (TSE:3296) for ¥8.1 billion.

New 90-day high: JP¥376,000

New 90-day high: JP¥366,500

Upcoming Dividend of JP¥11,892 Per Share

New 90-day high: JP¥364,000

Price target lowered to JP¥416,000

An unknown buyer completed the acquisition of Mejiro NT Building and Mitsui Woody Building and Komyoike Act from NIPPON REIT Investment Corporation (TSE:3296).

An unknown buyer agreed to acquire Mejiro NT Building and Mitsui Woody Building and Komyoike Act from NIPPON REIT Investment Corporation (TSE:3296) for ¥9.3 billon.

Shareholder Returns