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Nippon Accommodations Fund Inc.
(3226)
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Rating:63Neutral
Price Target:
¥125,138
▲(5.60% Upside)
Action:Reiterated
Date:09/07/26
The score is primarily supported by strong underlying profitability and steady operating cash flow, but is held back by leverage and volatility in revenue/free cash flow. Technical indicators also weigh on the score, with price below key moving averages and negative momentum readings. A solid dividend yield helps, though the P/E is relatively high.
Positive Factors
High and durable profitability
Consistently high margins indicate that the residential rental portfolio generates substantial earnings after operating costs. This provides a durable base for distributions, supports internal funding of recurring needs, and suggests the fund retains meaningful profitability even as revenue conditions change.
Negative Factors
Meaningful REIT leverage
Leverage above equity is typical for a REIT but still reduces financial flexibility. Higher debt increases sensitivity to financing conditions and asset-value changes, potentially limiting acquisitions, distributions, or other capital-allocation choices when operating or market conditions weaken.
Read all positive and negative factors
Positive Factors
Negative Factors
High and durable profitability
Consistently high margins indicate that the residential rental portfolio generates substantial earnings after operating costs. This provides a durable base for distributions, supports internal funding of recurring needs, and suggests the fund retains meaningful profitability even as revenue conditions change.
Read all positive factors
Nippon Accommodations Fund Inc. (3226) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥295.79B
Dividend Yield4.09%
Average Volume (3M)6.38K
Price to Earnings (P/E)24.2
Beta (1Y)0.09
Revenue Growth6.93%
EPS Growth7.40%
CountryJP
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryREIT - Residential
Share Statistics
EPS (TTM)N/A
Shares Outstanding2,517,360
10 Day Avg. Volume7,051
30 Day Avg. Volume6,384
Financial Highlights & Ratios
PEG Ratio5.93
Price to Book (P/B)2.27
Price to Sales (P/S)12.89
P/FCF Ratio20.70
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Nippon Accommodations Fund Inc. Business Overview & Revenue Model
Company Description
Nippon Accommodations Fund Inc. (NAF) was launched on October 12, 2005, structured as an investment corporation under the Japanese Investment Trust and Investment Corporation Act. Its establishment was sponsored by Mitsui Fudosan Accommodations Fu...
How the Company Makes Money
Nippon Accommodations Fund Inc. makes money mainly by earning rental-related income from its portfolio of residential properties. Key revenue streams typically include (1) base rent collected from tenants under lease contracts (the primary driver ...
Nippon Accommodations Fund Inc. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
64
Positive
Cash Flow
66
Positive
| Breakdown | TTM | Feb 2026 | Feb 2025 | Feb 2024 | Aug 2023 | Feb 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.09B | 26.92B | 13.20B | 25.29B | 25.39B | 24.65B |
| Gross Profit | 6.67B | 18.03B | 7.84B | 15.01B | 14.94B | 14.21B |
| EBITDA | 17.06B | 17.05B | 8.28B | 15.96B | 15.99B | 15.50B |
| Net Income | 12.20B | 12.20B | 5.85B | 11.34B | 11.32B | 10.57B |
Balance Sheet | ||||||
| Total Assets | 330.62B | 330.62B | 328.69B | 325.69B | 327.05B | 328.47B |
| Cash, Cash Equivalents and Short-Term Investments | 12.14B | 12.14B | 9.91B | 11.49B | 14.86B | 13.05B |
| Total Debt | 169.70B | 169.70B | 168.50B | 166.00B | 167.50B | 169.50B |
| Total Liabilities | 177.75B | 177.75B | 176.32B | 173.61B | 175.18B | 177.30B |
| Stockholders Equity | 152.87B | 152.87B | 152.37B | 152.08B | 151.87B | 151.17B |
Cash Flow | ||||||
| Free Cash Flow | 7.60B | 16.76B | 7.36B | 9.37B | 14.48B | 11.24B |
| Operating Cash Flow | 16.77B | 16.76B | 15.57B | 15.20B | 15.97B | 15.09B |
| Investing Cash Flow | -9.16B | -9.16B | -8.18B | -5.90B | -1.60B | -3.91B |
| Financing Cash Flow | -8.94B | -8.94B | -8.86B | -12.63B | -12.61B | -10.37B |
Nippon Accommodations Fund Inc. Technical Analysis
Negative
118500.00
Price Trends
119187.93
Negative
121690.62
Negative
126613.37
Negative
Market Momentum
-207.49
Positive
43.73
Neutral
3.84
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3226, the sentiment is Negative. The current price of 118500 is above the 20-day moving average (MA) of 117916.32, below the 50-day MA of 119187.93, and below the 200-day MA of 126613.37, indicating a bearish trend. The MACD of -207.49 indicates Positive momentum. The RSI at 43.73 is Neutral, neither overbought nor oversold. The STOCH value of 3.84 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3226.
Nippon Accommodations Fund Inc. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ¥148.81B | 11.30 | ― | 6.09% | 41.54% | 6.84% | |
66 Neutral | ¥317.71B | 20.04 | 5.91% | 4.77% | 23.60% | 16.04% | |
63 Neutral | ¥295.79B | 24.24 | ― | 4.09% | 6.93% | 7.40% | |
61 Neutral | ¥237.94B | 19.63 | ― | 4.92% | 1.36% | -1.18% | |
59 Neutral | ¥312.47B | 14.52 | 7.47% | 6.90% | 5.14% | -0.41% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
JP:3226
Nippon Accommodations Fund Inc.
117,400.00
-4,059.26
-3.34%
JP:3279
Activia Properties
132,500.00
4,571.47
3.57%
JP:3309
Sekisui House Reit
72,100.00
-2,234.54
-3.01%
JP:3234
Mori Hills Reit Investment Corporation
126,000.00
-9,844.88
-7.25%
JP:3296
NIPPON REIT Investment Corp
81,200.00
-11,675.85
-12.57%
JP:3468
Star Asia Investment Corp.
52,600.00
-4,270.20
-7.51%
Nippon Accommodations Fund Inc. Corporate Events
Mitsui Fudosan Accommodations Fund Reclassifies Key Group Counterparty as Specified Associated Corporation
Sep 1, 2026
Mitsui Fudosan Accommodations Fund Inc. has designated Mitsui Fudosan Residential Co., Ltd. as a specified associated corporation after transactions over the past three years crossed a 20% threshold of the fund’s total real estate acquisitio...
Mitsui Fudosan Accommodations Fund Secures New Loans to Finance Park Cube Omori Sanno Acquisition
Aug 28, 2026
Mitsui Fudosan Accommodations Fund Inc. has arranged two new long-term unsecured loans totaling 2.5 billion yen from The Fukui Bank and SBI Shinsei Bank, with maturities extending to 2035 and 2036 and interest rates tied to the JBA three-month Jap...
Mitsui Fudosan Accommodations Fund Rolls Over ¥2 Billion Loan Without Changing Leverage
Aug 27, 2026
Mitsui Fudosan Accommodations Fund Inc., a Japanese REIT focused on accommodation properties, continues to pursue a strategy centered on stable, long-term financing. The fund’s operations rely on balancing interest-bearing debt and unitholde...
Mitsui Fudosan Accommodations Fund to Acquire Park Cube Omori Sanno
Aug 26, 2026
Mitsui Fudosan Accommodations Fund Inc. has approved the acquisition of a domestic residential property currently known as Prier Sanno, which will be renamed Park Cube Omori Sanno after completion of the transaction. The move aligns with the REIT&...
Mitsui Fudosan Accommodations Fund refinances debt with new 10-year loan
Jul 29, 2026
Mitsui Fudosan Accommodations Fund Inc. has arranged a new 1.0 billion yen, 10-year unsecured loan from Sumitomo Mitsui Banking Corporation at a floating rate tied to one-month JBA Yen TIBOR plus 0.25%. The proceeds will be used to partially refin...
Mitsui Fudosan Accommodations Fund Extends ¥15 Billion Credit Line Maturities to 2029
Jul 2, 2026
Mitsui Fudosan Accommodations Fund Inc. has extended the termination dates of its existing unsecured commitment lines with Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Trust Bank, and Mizuho Bank by one year to July 31, 2029. The total ava...
Mitsui Fudosan Accommodations Fund refinances debt and trims leverage
Jun 26, 2026
Mitsui Fudosan Accommodations Fund Inc. has arranged a new 1.0 billion yen unsecured, unguaranteed long-term loan from The Yamanashi Chuo Bank, Ltd., maturing in June 2033 with interest linked to the three-month JBA Japanese Yen TIBOR. The funds w...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.