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Nippon Prologis REIT, Inc.
(3283)
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Rating:68Neutral
Price Target:
¥97,337.00
▲(9.37% Upside)
Action:Reiterated
Date:08/04/26
The score is primarily supported by strong operating performance (solid revenue growth and high profitability) and a generally stable balance sheet. Offsetting this, cash-flow reliability is weaker due to volatile/negative free cash flow and weaker cash conversion in 2025. Technical indicators are neutral-to-mildly constructive, while valuation is tempered by a higher P/E despite a solid dividend yield.
Positive Factors
Revenue Growth
Consistent and accelerating revenue growth (14.4% in 2025) reflects durable tenant demand for logistics space and strengthens the REIT’s core rental income base. Over 2–6 months this supports predictable cash flows, better leasing leverage, and room to fund acquisitions or distributions.
Negative Factors
Volatile Free Cash Flow
Large swings in free cash flow reduce predictability of cash available for dividends, debt paydown, or reinvestment. For a financing-dependent REIT, persistent FCF volatility can force frequent external funding or cut distributions, raising structural funding risk over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Consistent and accelerating revenue growth (14.4% in 2025) reflects durable tenant demand for logistics space and strengthens the REIT’s core rental income base. Over 2–6 months this supports predictable cash flows, better leasing leverage, and room to fund acquisitions or distributions.
Read all positive factors
Nippon Prologis REIT, Inc. (3283) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥720.62B
Dividend Yield4.45%
Average Volume (3M)14.92K
Price to Earnings (P/E)24.4
Beta (1Y)-0.03
Revenue Growth9.45%
EPS Growth7.63%
CountryJP
Employees136
SectorGeneral
Sector StrengthN/A
IndustryREIT - Industrial
Share Statistics
EPS (TTM)3546.25
Shares Outstanding8,389,107
10 Day Avg. Volume14,961
30 Day Avg. Volume14,916
Financial Highlights & Ratios
PEG Ratio-0.43
Price to Book (P/B)1.56
Price to Sales (P/S)10.37
P/FCF Ratio-1.54K
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)3,478.09
Revenue Forecast (FY)¥61.87B
Nippon Prologis REIT, Inc. Business Overview & Revenue Model
Company Description
Nippon Prologis REIT, or NPR, was founded on November 7, 2012, established in compliance with the Act on Investment Trust and Investment Corporation. Its shares began trading publicly on the Tokyo Stock Exchange's J-REIT Market on February 14, 201...
How the Company Makes Money
Nippon Prologis REIT, Inc. makes money primarily by earning rental revenue from leasing space in its logistics properties to tenants (e.g., companies needing warehousing and distribution facilities). These lease payments—typically structured as pe...
Nippon Prologis REIT, Inc. Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
74
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Nov 2025 | Nov 2024 | Nov 2023 | Nov 2022 | Nov 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 77.47B | 75.06B | 61.43B | 59.35B | 54.38B | 49.96B |
| Gross Profit | 10.56B | 18.97B | 32.87B | 26.09B | 24.23B | 27.92B |
| EBITDA | 47.86B | 48.79B | 41.54B | 40.02B | 37.06B | 34.52B |
| Net Income | 29.75B | 30.79B | 25.14B | 23.46B | 22.37B | 21.61B |
Balance Sheet | ||||||
| Total Assets | 895.20B | 899.89B | 878.18B | 881.23B | 803.38B | 752.32B |
| Cash, Cash Equivalents and Short-Term Investments | 29.81B | 22.25B | 34.70B | 26.03B | 32.54B | 35.00B |
| Total Debt | 362.30B | 362.30B | 333.30B | 333.30B | 309.10B | 282.50B |
| Total Liabilities | 398.59B | 401.57B | 369.63B | 368.63B | 337.07B | 313.48B |
| Stockholders Equity | 496.61B | 498.32B | 508.54B | 512.59B | 466.31B | 438.84B |
Cash Flow | ||||||
| Free Cash Flow | 40.84B | -506.39M | 37.69B | -60.83B | -29.51B | -30.65B |
| Operating Cash Flow | 43.06B | 43.72B | 40.51B | 36.39B | 35.80B | 34.22B |
| Investing Cash Flow | -9.19B | -53.57B | -2.54B | -94.50B | -63.85B | -63.05B |
| Financing Cash Flow | -32.36B | -12.02B | -29.20B | 52.23B | 26.31B | 35.09B |
Nippon Prologis REIT, Inc. Technical Analysis
Negative
89000.00
Price Trends
87758.00
Negative
86751.42
Negative
88247.08
Negative
Market Momentum
-636.28
Positive
43.27
Neutral
14.76
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3283, the sentiment is Negative. The current price of 89000 is above the 20-day moving average (MA) of 87670.00, above the 50-day MA of 87758.00, and above the 200-day MA of 88247.08, indicating a bearish trend. The MACD of -636.28 indicates Positive momentum. The RSI at 43.27 is Neutral, neither overbought nor oversold. The STOCH value of 14.76 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3283.
Nippon Prologis REIT, Inc. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ¥262.23B | 20.92 | 8.89% | 3.87% | 18.49% | 18.14% | |
68 Neutral | ¥720.62B | 24.36 | ― | 4.10% | 9.45% | 7.63% | |
68 Neutral | ¥260.00B | 21.40 | 6.03% | 5.26% | 17.43% | 3.09% | |
68 Neutral | ¥667.84B | 21.57 | ― | 4.76% | 29.96% | 8.18% | |
64 Neutral | ¥178.35B | 23.31 | ― | 4.68% | -25.75% | -19.38% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
JP:3283
Nippon Prologis REIT, Inc.
86,400.00
4,754.02
5.82%
JP:3466
LaSalle LOGIPORT REIT
149,400.00
9,481.60
6.78%
JP:8967
Japan Logistics Fund
96,100.00
3,514.14
3.80%
JP:3281
GLP J-REIT
139,200.00
5,756.45
4.31%
JP:3471
Mitsui Fudosan Logistics Park, Inc.
106,800.00
3,234.45
3.12%
JP:3481
Mitsubishi Estate Logistics REIT Investment Corp.
119,800.00
196.17
0.16%
Nippon Prologis REIT, Inc. Corporate Events
Nippon Prologis REIT Completes Planned Logistics Portfolio Rebalancing
Aug 3, 2026
Nippon Prologis REIT, Inc., a Japanese logistics-focused real estate investment trust, invests in warehouse and distribution facilities nationwide to generate stable rental income for investors. The REIT is managed by Prologis REIT Management K.K....
Nippon Prologis REIT Plans Governance Overhaul and Broader Investment Scope
Jul 16, 2026
Nippon Prologis REIT will seek unitholder approval in August to amend its articles of incorporation and adjust its board structure as it refines governance around a single executive director and up to four supervisory directors. The REIT also plan...
Nippon Prologis REIT Outlines Fiscal 2026 Results and Growth Strategy
Jul 16, 2026
Nippon Prologis REIT, Inc. reported on its 27th fiscal period ended May 31, 2026, outlining financial highlights and detailing performance across its logistics-focused property portfolio. The company noted adjustments to historical per-unit figure...
Nippon Prologis REIT Posts Lower Earnings but Lifts Payout as It Eyes Stable Growth
Jul 16, 2026
Nippon Prologis REIT reported a decline in performance for the 27th fiscal period ended May 31, 2026, with operating revenues down 3.9% to ¥33.7 billion and net income falling 6.2% to ¥14.4 billion, compared with the previous period. Des...
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.