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Japan Hotel REIT Investment

OTCPK:NIPO.F
Snowflake Description

Established dividend payer with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NIPO.F
OTCPK
¥402B
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Japan Hotel REIT Investment Corporation(JHR) is the J-REIT that specifies in the hotels. The last earnings update was 15 days ago. More info.


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NIPO.F Share Price and Events
7 Day Returns
0%
OTCPK:NIPO.F
2%
US REITs
0.3%
US Market
1 Year Returns
-
OTCPK:NIPO.F
13%
US REITs
8.5%
US Market
NIPO.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Japan Hotel REIT Investment (NIPO.F) 0% 0% 0% - - -
US REITs 2% -0.3% 4% 13% 7.7% 24.6%
US Market 0.3% 1.9% 7.3% 8.5% 42.6% 46.8%
1 Year Return vs Industry and Market
  • No trading data on NIPO.F.
  • No trading data on NIPO.F.
Price Volatility
NIPO.F
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Japan Hotel REIT Investment's competitors could be found in our database.

Value

 Is Japan Hotel REIT Investment undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Japan Hotel REIT Investment to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Japan Hotel REIT Investment.

OTCPK:NIPO.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations
Levered Adjusted Funds From Operations Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:NIPO.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.54
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.544 (1 + (1- 30.86%) (34.13%))
0.78
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%)
7.5%

Discounted Cash Flow Calculation for OTCPK:NIPO.F using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations Model

The calculations below outline how an intrinsic value for Japan Hotel REIT Investment is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Japan Hotel REIT Investment is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.

OTCPK:NIPO.F DCF 1st Stage: Next 10 year cash flow forecast
Adjusted Funds From Operations (AFFO) (JPY, Millions) Source Present Value
Discounted (@ 7.5%)
2019 13,233.00 Analyst x1 12,310.00
2020 18,748.00 Analyst x1 16,223.86
2021 16,916.00 Analyst x1 13,617.47
2022 17,832.93 Est @ 5.42% 13,354.30
2023 18,655.63 Est @ 4.61% 12,995.95
2024 19,410.88 Est @ 4.05% 12,578.90
2025 20,119.93 Est @ 3.65% 12,128.96
2026 20,799.17 Est @ 3.38% 11,663.88
2027 21,461.04 Est @ 3.18% 11,195.60
2028 22,114.86 Est @ 3.05% 10,731.99
Present value of next 10 years cash flows ¥126,800.92
OTCPK:NIPO.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥22,114.86 × (1 + 2.73%) ÷ (7.5% – 2.73%)
¥476,480.63
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥476,480.63 ÷ (1 + 7.5%)10
¥231,228.52
OTCPK:NIPO.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥126,800.92 + ¥231,228.52
¥358,029.44
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥358,029.44 / 4.46
¥73729.5
OTCPK:NIPO.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:NIPO.F represents 0.00832x of TSE:8985
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00832x
Value per Share
(Listing Adjusted, USD)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 73,729.50 x 0.00832
$613.73
Value per share (USD) From above. $613.73
Current discount Discount to share price of $750.00
= -1 x ($750.00 - $613.73) / $613.73
-22.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Japan Hotel REIT Investment is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Japan Hotel REIT Investment's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Japan Hotel REIT Investment's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:NIPO.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in JPY ¥4,041.65
TSE:8985 Share Price ** TSE (2019-02-07) in JPY ¥90100
United States of America REITs Industry PE Ratio Median Figure of 153 Publicly-Listed REITs Companies 32.37x
United States of America Market PE Ratio Median Figure of 3,090 Publicly-Listed Companies 18.43x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Japan Hotel REIT Investment.

OTCPK:NIPO.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:8985 Share Price ÷ EPS (both in JPY)

= 90100 ÷ 4,041.65

22.29x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Japan Hotel REIT Investment is good value based on earnings compared to the US REITs industry average.
  • Japan Hotel REIT Investment is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Japan Hotel REIT Investment's expected growth come at a high price?
Raw Data
OTCPK:NIPO.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 22.29x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
3.7%per year
United States of America REITs Industry PEG Ratio Median Figure of 140 Publicly-Listed REITs Companies 1.72x
United States of America Market PEG Ratio Median Figure of 2,119 Publicly-Listed Companies 1.62x

*Line of best fit is calculated by linear regression .

OTCPK:NIPO.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 22.29x ÷ 3.7%

5.96x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Japan Hotel REIT Investment is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Japan Hotel REIT Investment's assets?
Raw Data
OTCPK:NIPO.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in JPY ¥50,705.55
TSE:8985 Share Price * TSE (2019-02-07) in JPY ¥90100
United States of America REITs Industry PB Ratio Median Figure of 191 Publicly-Listed REITs Companies 1.89x
United States of America Market PB Ratio Median Figure of 5,194 Publicly-Listed Companies 1.92x
OTCPK:NIPO.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:8985 Share Price ÷ Book Value per Share (both in JPY)

= 90100 ÷ 50,705.55

1.78x

* Primary Listing of Japan Hotel REIT Investment.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Japan Hotel REIT Investment is good value based on assets compared to the US REITs industry average.
X
Value checks
We assess Japan Hotel REIT Investment's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. Japan Hotel REIT Investment has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Japan Hotel REIT Investment expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
3.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Japan Hotel REIT Investment expected to grow at an attractive rate?
  • Japan Hotel REIT Investment's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Japan Hotel REIT Investment's earnings growth is positive but not above the United States of America market average.
  • Japan Hotel REIT Investment's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:NIPO.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:NIPO.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 3.7%
OTCPK:NIPO.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 3.4%
United States of America REITs Industry Earnings Growth Rate Market Cap Weighted Average 5%
United States of America REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 15%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:NIPO.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:NIPO.F Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 30,275 21,847 17,184 1
2022-12-31 33,443 21,724 18,337 2
2021-12-31 30,589 22,900 17,103 8
2020-12-31 29,846 21,766 16,633 9
2019-12-31 28,320 20,092 15,507 9
OTCPK:NIPO.F Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-12-31 28,254 30,938 16,210
2018-09-30 27,389 24,844 15,326
2018-06-30 26,525 18,749 14,441
2018-03-31 26,000 18,256 14,223
2017-12-31 25,476 17,763 14,005
2017-09-30 24,732 17,303 13,651
2017-06-30 23,989 16,843 13,296
2017-03-31 23,048 15,266 12,710
2016-12-31 22,107 13,689 12,123
2016-09-30 20,800 14,721 11,362
2016-06-30 19,492 15,753 10,600
2016-03-31 18,418 15,807 9,948

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Japan Hotel REIT Investment's earnings are expected to grow by 3.7% yearly, however this is not considered high growth (20% yearly).
  • Japan Hotel REIT Investment's revenue is expected to grow by 3.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:NIPO.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Japan Hotel REIT Investment Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:NIPO.F Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 3,851.00 3,851.00 3,851.00 1.00
2022-12-31 3,904.00 3,985.00 3,823.00 2.00
2021-12-31 3,791.98 3,900.00 3,612.60 8.00
2020-12-31 3,730.62 3,849.80 3,558.00 9.00
2019-12-31 3,516.67 3,697.02 3,434.00 9.00
OTCPK:NIPO.F Past Financials Data
Date (Data in JPY Millions) EPS *
2018-12-31 4,041.65
2018-09-30 3,822.37
2018-06-30 3,602.95
2018-03-31 3,604.52
2017-12-31 3,606.14
2017-09-30 3,585.33
2017-06-30 3,563.67
2017-03-31 3,514.74
2016-12-31 3,462.60
2016-09-30 3,379.05
2016-06-30 3,288.31
2016-03-31 3,165.84

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Japan Hotel REIT Investment is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Japan Hotel REIT Investment's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Japan Hotel REIT Investment has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Japan Hotel REIT Investment performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Japan Hotel REIT Investment's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Japan Hotel REIT Investment has delivered over 20% year on year earnings growth in the past 5 years.
  • Japan Hotel REIT Investment's 1-year earnings growth is less than its 5-year average (15.7% vs 26.7%)
  • Japan Hotel REIT Investment's earnings growth has not exceeded the US REITs industry average in the past year (15.7% vs 16.7%).
Earnings and Revenue History
Japan Hotel REIT Investment's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Japan Hotel REIT Investment Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:NIPO.F Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 28,253.85 16,210.43 13.40
2018-09-30 27,389.21 15,325.80 13.43
2018-06-30 26,524.57 14,441.17 13.45
2018-03-31 26,000.06 14,223.12 13.80
2017-12-31 25,475.55 14,005.08 14.15
2017-09-30 24,732.07 13,650.64 -30.30
2017-06-30 23,988.58 13,296.20 106.18
2017-03-31 23,048.03 12,709.68 106.18
2016-12-31 22,107.47 12,123.16 14.40
2016-09-30 20,799.80 11,361.78 81.27
2016-06-30 19,492.14 10,600.40 103.55
2016-03-31 18,417.98 9,947.54 101.95
2015-12-31 17,343.83 9,294.68 100.34
2015-09-30 15,921.46 8,154.38 89.68
2015-06-30 14,498.66 7,012.29 88.73
2015-03-31 13,629.43 6,393.58 85.02
2014-12-31 12,760.21 5,774.88 81.30
2014-09-30 12,478.92 4,906.32 73.59
2014-06-30 12,196.00 4,038.00 105.00
2014-03-31 11,834.00 3,635.50 105.00
2013-12-31 11,472.92 3,233.33 83.01
2012-12-31 9,710.66 25,374.66 85.33

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Japan Hotel REIT Investment has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Japan Hotel REIT Investment used its assets more efficiently than the US REITs industry average last year based on Return on Assets.
  • Japan Hotel REIT Investment has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Japan Hotel REIT Investment's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Japan Hotel REIT Investment has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Japan Hotel REIT Investment's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Japan Hotel REIT Investment's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Japan Hotel REIT Investment is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Japan Hotel REIT Investment's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Japan Hotel REIT Investment's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Japan Hotel REIT Investment Company Filings, last reported 4 months ago.

OTCPK:NIPO.F Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 203,372.22 137,202.95 25,708.79
2018-09-30 203,372.22 137,202.95 25,708.79
2018-06-30 193,731.51 141,459.43 11,011.58
2018-03-31 193,731.51 141,459.43 11,011.58
2017-12-31 201,963.32 140,927.40 16,179.72
2017-09-30 201,963.32 140,927.40 16,179.72
2017-06-30 175,133.57 126,252.22 10,340.29
2017-03-31 175,133.57 126,252.22 10,340.29
2016-12-31 181,989.11 126,879.87 15,141.39
2016-09-30 181,989.11 126,879.87 15,141.39
2016-06-30 139,230.82 112,849.47 8,617.98
2016-03-31 139,230.82 112,849.47 8,617.98
2015-12-31 129,914.48 103,306.46 5,450.70
2015-09-30 129,914.48 103,306.46 5,450.70
2015-06-30 124,071.79 91,735.74 18,597.03
2015-03-31 124,071.79 91,735.74 18,597.03
2014-12-31 100,342.91 81,448.49 7,539.90
2014-09-30 100,342.91 81,448.49 7,539.90
2014-06-30 86,720.00 73,850.00 4,403.00
2014-03-31 86,720.00 73,850.00 4,403.00
2013-12-31 89,756.21 74,825.84 6,356.08
2012-12-31 69,010.00 65,219.00 4,147.00
  • Japan Hotel REIT Investment's level of debt (67.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (83.4% vs 67.5% today).
  • Debt is well covered by operating cash flow (22.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 16.5x coverage).
X
Financial health checks
We assess Japan Hotel REIT Investment's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Japan Hotel REIT Investment has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Japan Hotel REIT Investment's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.09%
Current annual income from Japan Hotel REIT Investment dividends. Estimated to be 4.24% next year.
If you bought $2,000 of Japan Hotel REIT Investment shares you are expected to receive $82 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Japan Hotel REIT Investment's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.38%).
  • Japan Hotel REIT Investment's dividend is above the markets top 25% of dividend payers in United States of America (3.58%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:NIPO.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
United States of America REITs Industry Average Dividend Yield Market Cap Weighted Average of 184 Stocks 3.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2000 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:NIPO.F Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 3,968.50 2.00
2022-12-31 3,932.50 2.00
2021-12-31 3,860.44 9.00
2020-12-31 3,818.88 10.00
2019-12-31 3,721.71 10.00
OTCPK:NIPO.F Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-04-23 3,686.000 4.069
2019-02-20 3,686.000 4.210
2018-08-22 3,890.000 4.788
2018-04-16 3,683.000 4.503
2018-02-22 3,683.000 4.819
2017-08-22 3,590.000 4.690
2017-04-17 3,540.000 4.539
2017-02-23 3,540.000 4.572
2016-04-27 2,975.000 3.583
2016-02-24 2,975.000 3.012
2015-04-20 2,155.000 2.600
2012-05-23 16,668.000 58.299
2011-06-22 673.333 3.815
2011-05-12 1,434.417 6.851
2010-11-15 1,394.417 6.460
2010-06-22 1,287.333 6.656
2010-05-17 1,287.333 7.861
2009-12-24 1,168.000 9.483
2009-11-16 1,168.000 10.108
2009-06-22 2,058.500 15.475

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Japan Hotel REIT Investment's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (5.7x coverage).
X
Income/ dividend checks
We assess Japan Hotel REIT Investment's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Japan Hotel REIT Investment afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Japan Hotel REIT Investment has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Japan Hotel REIT Investment's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Japan Hotel REIT Investment has no CEO, or we have no data on them.
Management Team

Kaname Masuda

TITLE
Executive Director
AGE
55

Makoto Hanamura

TITLE
General Manager
Board of Directors Tenure

Average tenure and age of the Japan Hotel REIT Investment board of directors in years:

3.5
Average Tenure
55
Average Age
  • The tenure for the Japan Hotel REIT Investment board of directors is about average.
Board of Directors

Kaname Masuda

TITLE
Executive Director
AGE
55
TENURE
3.5 yrs

Tetsuya Mishiku

TITLE
Supervisory Director
AGE
53
TENURE
13.5 yrs

Hiroto Kashii

TITLE
Supervisory Director
AGE
69
TENURE
3.5 yrs

Hisashi Furukawa

TITLE
Substitute Executive Director
TENURE
1.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Japan Hotel REIT Investment's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Japan Hotel REIT Investment has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Japan Hotel REIT Investment Corporation(JHR) is the J-REIT that specifies in the hotels. JHR has the basic principle of ensuring the steady growth and stable revenue in mid to long term view to operate asset.

Details
Name: Japan Hotel REIT Investment Corporation
NIPO.F
Exchange: OTCPK
Founded: 2005
¥3,641,989,807
4,462,347
Website: http://www.jhrth.co.jp
Address: Japan Hotel REIT Investment Corporation
Ebisu Neonato,
4-1-18, Ebisu,
Tokyo,
150-0013,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 8985 Units The Tokyo Stock Exchange JP JPY 14. Jun 2006
OTCPK NIPO.F Units Pink Sheets LLC US USD 14. Jun 2006
Number of employees
Current staff
Staff numbers
0
Japan Hotel REIT Investment employees.
Industry
Hotel and Resort REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/08 00:11
End of day share price update: 2019/02/07 00:00
Last estimates confirmation: 2019/04/16
Last earnings filing: 2019/04/23
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.