NBFJ.F 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

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

Rewards

Price-To-Earnings ratio (24.6x) is below the Office REITs industry average (29.4x)

Earnings grew by 8.2% over the past year

Risk Analysis

Debt is not well covered by operating cash flow

Earnings are forecast to decline by an average of 5.8% per year for the next 3 years

Shares are highly illiquid

Unstable dividend track record

My Notes

Capture your thoughts, links and company narrative

Nippon Building Fund Inc. Competitors

Cousins Properties

NYSE:CUZ

US$4.8b

Kilroy Realty

NYSE:KRC

US$5.0b

COPT Defense Properties

NYSE:CDP

US$3.6b

BXP

NYSE:BXP

US$13.4b

Price History & Performance

Summary of share price highs, lows and changes for Nippon Building Fund
Historical stock prices
Current Share Price	JP¥816.80
52 Week High	JP¥899.16
52 Week Low	JP¥711.00
Beta	0.39
1 Month Change	0%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	-31.07%
5 Year Change	-44.67%
Change since IPO	-62.19%

Recent updates

Shareholder Returns

	NBFJ.F	US Office REITs	US Market
7D	0%	-4.6%	-0.4%
1Y	n/a	6.6%	24.8%

Return vs Industry: Insufficient data to determine how NBFJ.F performed against the US Office REITs industry.

Return vs Market: Insufficient data to determine how NBFJ.F performed against the US Market.

Price Volatility

Is NBFJ.F's price volatile compared to industry and market?
NBFJ.F volatility
NBFJ.F Average Weekly Movement	n/a
Office REITs Industry Average Movement	4.5%
Market Average Movement	6.3%
10% most volatile stocks in US Market	17.0%
10% least volatile stocks in US Market	3.1%

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

Volatility Over Time: Insufficient data to determine NBFJ.F'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?
NBFJ.F fundamental statistics
Market cap	US$6.76b
Earnings (TTM)	US$272.36m
Revenue (TTM)	US$619.38m

24.6x

P/E Ratio

10.8x

P/S Ratio

Is NBFJ.F overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NBFJ.F 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 NBFJ.F perform over the long term?

See historical performance and comparison

Dividends

4.2%

Current Dividend Yield

75%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/25 16:44
End of Day Share Price	2024/10/21 00:00
Earnings	2024/06/30
Annual Earnings	2024/06/30

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 here.

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 .

Analyst Sources

Nippon Building Fund Inc. is covered by 23 analysts. 6 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
Takashi Hashimoto	Barclays
Tomoyoshi Omuro	BofA Global Research
Yoshizumi Kimura	Citigroup Global Markets Japan Inc.