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Nippon Prologis REIT, Inc. (3283) AI Stock Analysis

3 Followers
JP:3283

Nippon Prologis REIT, Inc.

(TSE/TYO:3283)

Select Model
Rating:65Neutral
Price Target:JPY 86,968.00â–²(5.80% Upside)
Action:reiterated
Date:11/05/26

The score is primarily supported by strong financial performance (notably revenue growth and high profitability) and a reasonable balance sheet, but is held back by inconsistent free cash flow and a weaker technical trend (negative MACD and trading below longer-term moving averages). Valuation is balanced: an attractive dividend yield is partially offset by a higher P/E.

Positive Factors
Accelerating revenue growthSteady multi-year revenue growth, including a 14.4% increase in 2025, indicates continued expansion of the income-producing property base or rental earnings. This supports durable cash-flow growth and gives the REIT a stronger foundation for maintaining distributions over the next several quarters.
Negative Factors
Unreliable free cash flowAlthough operating cash flow is positive, repeated periods of negative free cash flow show that cash generation after investment is uneven. This can reduce distribution flexibility, increase reliance on financing for property spending, and make the timing of durable cash returns less predictable.

Nippon Prologis REIT, Inc. (3283) vs. iShares MSCI Japan ETF (EWJ)

-15%-10%-5%0%5%10%15%20%25%JP:3283-7.77%EWJ+10.02%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
JPY 695.46B
Dividend Yield
4.68%
Average Volume (3M)
15.02K
Price to Earnings (P/E)
23.2
Beta (1Y)
0.00
Revenue Growth
9.45%
EPS Growth
7.63%
Country
Japan
Employees
136
Sector
General
Sector Strength
55
Industry
REIT - Industrial

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, 2013,...

Nippon Prologis REIT, Inc. Financial Statement Overview

Summary

Strong income statement (84) with accelerating revenue growth and high margins, and a generally stable balance sheet (74) with moderate leverage. The main drag is weaker cash-flow quality (55) due to volatile and recently negative free cash flow and weaker cash conversion in 2025.

Income Statement

84Very Positive

Balance Sheet

74Positive

Cash Flow

55Neutral
Financial statement breakdown
BreakdownTTMNov 2025Nov 2024Nov 2023Nov 2022Nov 2021
Income Statement
Total Revenue77.47B75.06B61.43B59.35B54.38B49.96B
Gross Profit10.56B18.97B32.87B26.09B24.23B27.92B
EBITDA47.86B48.79B41.54B40.02B37.05B35.08B
Net Income29.75B30.79B25.14B23.46B22.37B21.61B
Balance Sheet
Total Assets895.20B899.89B878.18B881.23B803.38B752.32B
Cash, Cash Equivalents and Short-Term Investments29.81B22.25B34.70B26.03B32.54B35.00B
Total Debt362.30B362.30B333.30B333.30B309.10B282.50B
Total Liabilities398.59B401.57B369.63B368.63B337.07B313.48B
Stockholders Equity496.61B498.32B508.54B512.59B466.31B438.84B
Cash Flow
Free Cash Flow40.84B-506.39M37.69B-60.83B-29.51B-30.65B
Operating Cash Flow43.06B43.72B40.51B36.39B35.80B34.22B
Investing Cash Flow-9.19B-53.57B-2.54B-94.50B-63.85B-63.05B
Financing Cash Flow-32.36B-12.02B-29.20B52.23B26.31B35.09B

Nippon Prologis REIT, Inc. Technical Analysis

Technical Analysis SentimentNeutral
Last Price82200.00

Price Trends

50DMA82726.00Negative
100DMA85195.00Negative
200DMA86487.01Negative

Market Momentum

MACD-77.55Negative
RSI53.30Neutral
STOCH62.79Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3283, the sentiment is Neutral. The current price of 82200.00 is above the 20-day moving average (MA) of 80400.00, below the 50-day MA of 82726.00, and below the 200-day MA of 86487.01, indicating a neutral trend. The MACD of -77.55 indicates Negative momentum. The RSI at 53.30 is Neutral, neither overbought nor oversold. The STOCH value of 62.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:3283.

Nippon Prologis REIT, Inc. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

JP:3283 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:8967JP:896772OutperformJPY 244.93B18.199.33%5.34%3.02%15.41%
JP:3281JP:328168NeutralJPY 642.68B20.90―5.24%-6.14%-1.55%
JP:3481JP:348166NeutralJPY 155.04B18.43―6.17%-4.42%-3.99%
JP:3283JP:328365NeutralJPY 699.65B23.18―4.68%9.45%7.63%
JP:3466JP:346664NeutralJPY 232.77B19.446.31%5.65%71.16%0.71%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%

* General Sector Average

Performance Comparison

-10%0%10%JP:3283JP:3466JP:8967JP:3281JP:3471JP:3481Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
JP:3283 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:3283Nippon Prologis REIT, Inc.82200.00-5483.19-6.25%
JP:3466LaSalle LOGIPORT REIT137500.00-7310.36-5.05%
JP:8967Japan Logistics Fund, Inc.87300.00-10158.80-10.42%
JP:3281GLP J-REIT132800.00-2053.70-1.52%
JP:3471Mitsui Fudosan Logistics Park, Inc.97700.00-10430.43-9.65%
JP:3481Mitsubishi Estate Logistics REIT Investment Corp.101100.00-19112.14-15.90%

Nippon Prologis REIT, Inc. Corporate Events

Nippon Prologis REIT Purchases 46,857 Units in October

Nov 2, 2026

Nippon Prologis REIT operates in the real estate investment trust industry, providing investors with exposure to logistics-focused property assets. Its portfolio strategy is centered on logistics facilities, supporting demand from Japan’s distr...

Nippon Prologis REIT Advances Unit Buybacks Under ¥10 Billion Program

Oct 1, 2026

Nippon Prologis REIT, Inc., a Tokyo-listed logistics-focused real estate investment trust, concentrates on income-producing industrial and warehouse facilities across Japan. The REIT is managed by Prologis REIT Management K.K. and targets steady dist...

Nippon Prologis REIT Starts Unit Buy-back Under 10 Billion Yen Program

Sep 1, 2026

Nippon Prologis REIT has begun repurchasing its own investment units, acquiring 3,498 units for approximately 303 million yen through discretionary transactions on the Tokyo Stock Exchange. The move is part of a broader buy-back program authorized by...

Nippon Prologis REIT Raises Earnings Outlook After Asset Sale and Unit Buy-Back

Aug 28, 2026

Nippon Prologis REIT, Inc. is a Japanese logistics-focused real estate investment trust that acquires and manages domestic distribution and warehouse facilities. Its strategy emphasizes portfolio optimization and capital management to secure stable r...

Nippon Prologis REIT to Buy Back and Cancel Up to ¥10 Billion in Units

Aug 28, 2026

Nippon Prologis REIT has approved a buy-back of up to 130,000 of its investment units, representing about 1.5% of units outstanding, for a maximum of ¥10 billion via discretionary purchases on the Tokyo Stock Exchange between August 31 and Novem...

Nippon Prologis REIT to Sell Prologis Park Joso in Portfolio Reshuffle

Aug 28, 2026

Nippon Prologis REIT has agreed to dispose of its trust beneficiary interest in Prologis Park Joso in Joso, Ibaraki, for an anticipated ¥8.7 billion, generating a gain versus book value of roughly ¥2.8 billion. The sale will be executed in...

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.

Date of analysis: Nov 05, 2026