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NIPPON REIT Investment Corp (3296) AI Stock Analysis
NIPPON REIT Investment Corp
(TSE/TYO:3296)
The score is driven primarily by solid financial performance (strong margins and improved operating cash flow), supported by attractive valuation (low P/E and high dividend yield). These positives are tempered by weak technicals (price below key moving averages, negative MACD) and a key fundamental risk: the sharp latest-year revenue contraction alongside meaningful leverage.
NIPPON REIT Investment Corp (3296) vs. iShares MSCI Japan ETF (EWJ)
- Market Cap
- JPY 138.19B
- Dividend Yield
- 6.55%
- Average Volume (3M)
- 4,614
- Price to Earnings (P/E)
- 10.3
- Beta (1Y)
- 0.15
- Revenue Growth
- 41.54%
- EPS Growth
- 6.84%
- Country
- Japan
- Employees
- 2,628
- Sector
- Real Estate
- Sector Strength
- 65
- Industry
- REIT - Diversified
NIPPON REIT Investment Corp Business Overview & Revenue Model
Company Description
Nippon REIT Investment Corporation aims to deliver consistent income growth and stability by leveraging its broad real estate holdings as a diversified investment trust. The company is dedicated to enhancing unitholder value through strategic and opp...
How the Company Makes Money
NIPPON REIT Investment Corp makes money primarily by earning rental-related income from the real estate properties it owns. Key revenue and earnings drivers generally include: (1) Property leasing income: The core cash inflow is rent paid by tenants...
NIPPON REIT Investment Corp Financial Statement Overview
Summary
Overall fundamentals are solid: profitability is strong for a REIT with very high margins, and operating cash flow improved materially and has recently exceeded net income. Offsetting this, the latest year shows a sharp revenue decline (~-52% YoY) and the capital structure remains meaningfully debt-funded (about ~1.0x debt-to-equity), increasing sensitivity to income volatility and refinancing conditions.
Income Statement
64PositiveBalance Sheet
58NeutralCash Flow
67Positive| Breakdown | TTM | Dec 2026 | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 22.67B | 22.67B | 19.83B | 17.69B | 20.28B | 19.45B |
| Gross Profit | 16.23B | 16.23B | 12.98B | 10.87B | 9.43B | 13.31B |
| EBITDA | 15.91B | 15.91B | 12.61B | 10.63B | 10.90B | 13.00B |
| Net Income | 12.73B | 12.73B | 9.66B | 7.75B | 7.74B | 10.19B |
Balance Sheet | ||||||
| Total Assets | 293.77B | 293.77B | 274.66B | 275.46B | 275.41B | 276.58B |
| Cash, Cash Equivalents and Short-Term Investments | 10.88B | 10.88B | 15.29B | 10.25B | 20.15B | 9.80B |
| Total Debt | 141.25B | 141.25B | 132.62B | 132.62B | 132.62B | 132.62B |
| Total Liabilities | 153.80B | 153.80B | 145.18B | 144.86B | 145.02B | 144.71B |
| Stockholders Equity | 139.97B | 139.97B | 129.48B | 130.61B | 130.39B | 131.87B |
Cash Flow | ||||||
| Free Cash Flow | 7.65B | 7.65B | 9.76B | 3.80B | 11.99B | 10.52B |
| Operating Cash Flow | 48.54B | 48.54B | 29.91B | 18.10B | 12.96B | 19.28B |
| Investing Cash Flow | -41.02B | -41.02B | -20.59B | -14.13B | -1.62B | -8.88B |
| Financing Cash Flow | -5.74B | -5.74B | -11.10B | -6.24B | -7.73B | -10.11B |
NIPPON REIT Investment Corp Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3296, the sentiment is Negative. The current price of 75600.00 is above the 20-day moving average (MA) of 75045.00, below the 50-day MA of 78566.00, and below the 200-day MA of 85097.82, indicating a bearish trend. The MACD of -1189.39 indicates Negative momentum. The RSI at 34.23 is Neutral, neither overbought nor oversold. The STOCH value of 35.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3296.
NIPPON REIT Investment Corp Peers Comparison
Overall Rating
JP:895576.25Outperform
JP:897271Outperform
JP:323461Neutral
JP:898461Neutral- JP:329661Neutral
JP:896060Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| JP:8955 | 76Outperform | JPY 371.63B | 19.70 | 6.67% | 4.49% | -13.45% | -0.93% |
| JP:8972 | 71Outperform | JPY 544.12B | 16.40 | 5.37% | 6.05% | 3.41% | 1.19% |
| Sector * | 65Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% |
| JP:3234 | 61Neutral | JPY 215.20B | 18.21 | ― | 5.29% | -0.97% | -1.38% |
| JP:8984 | 61Neutral | JPY 484.86B | 20.52 | ― | 5.74% | -8.82% | -12.80% |
| JP:3296 | 61Neutral | JPY 135.81B | 10.29 | ― | 6.55% | 41.54% | 6.84% |
| JP:8960 | 60Neutral | JPY 473.92B | 17.51 | 7.25% | 5.73% | -1.59% | 7.45% |
* Real Estate Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| JP:3296 | NIPPON REIT Investment Corp | 75600.00 | -19078.34 | -20.15% | |
| JP:8955 | Japan Prime Realty Investment Corporation | 94800.00 | -6217.94 | -6.16% | |
| JP:8960 | United Urban Investment Corporation | 152300.00 | -27236.10 | -15.17% | |
| JP:8972 | Kenedix Office Investment Corporation | 139300.00 | -22791.80 | -14.06% | |
| JP:3234 | Mori Hills Reit Investment Corporation | 117300.00 | -24189.14 | -17.10% | |
| JP:8984 | Daiwa House REIT Investment Corporation | 111100.00 | -18014.98 | -13.95% |
NIPPON REIT Investment Corp Corporate Events
NIPPON REIT Corrects Portfolio Area Data in June 2026 Results
NIPPON REIT Investment Corporation has issued a correction to its previously announced summary of financial results for the fiscal period ended June 30, 2026. The revisions relate to minor numerical adjustments in the reported total leased area of it...
NIPPON REIT Posts Lower Earnings but Lifts Distribution, Signals Softer Outlook
NIPPON REIT Investment Corporation reported a decline in operating revenues and profit for the fiscal period ended June 30, 2026, with operating revenues down 12.6% and net income falling 23.5% from the previous period, while net income per unit drop...
NIPPON REIT Secures New ¥3 Billion Commitment Line to Bolster Funding Flexibility
NIPPON REIT Investment Corporation has entered into a new commitment line agreement with SBI Shinsei Bank, securing up to ¥3 billion in unsecured, unguaranteed borrowing capacity from August 31, 2026, to August 31, 2027. The facility is intended...
NIPPON REIT Secures ¥2.55 Billion in New Loans to Fund Office Asset Acquisition
NIPPON REIT Investment Corporation has arranged new long-term borrowings totaling 2.55 billion yen from several Japanese banks, including Mizuho Bank, SBI Shinsei Bank, Resona Bank and Aozora Bank, on unsecured, floating-rate terms. The transactions...
NIPPON REIT Acquires Tokyo Office Trust Interests to Bolster Portfolio Growth
NIPPON REIT Investment Corporation has agreed to acquire trust beneficiary interests in the WORK VILLA MYJ kanda office property in Chiyoda-ku, Tokyo, from Sumitomo Corporation and another domestic company for ¥8.4 billion, with closing schedule...
NIPPON REIT Moves to Fix Borrowing Costs With Interest Rate Swaps
NIPPON REIT Investment Corporation has entered into interest rate swap agreements tied to recently arranged borrowings in order to fix the cost of a portion of its debt. By swapping floating JBA 1-month Japanese yen TIBOR rates for fixed rates with N...
NIPPON REIT Fixes Interest Rate on ¥1 Billion Loan to 2030
NIPPON REIT Investment Corporation has set the interest rate on a previously announced borrowing of ¥1 billion from Sumitomo Mitsui Trust Bank, at a fixed rate of 2.9364% from August 20, 2026. The loan is unsecured and unguaranteed, with lump-su...
NIPPON REIT Acquires Hakata Property to Strengthen Inflation-Resilient Portfolio
NIPPON REIT Investment Corporation has agreed to acquire trust beneficiary interests in the 9h nine hours Hakata station property in Fukuoka for ¥2.06 billion, with closing scheduled for July 31, 2026. The seller is an affiliated party, and the...
NIPPON REIT Secures New Loans and Refinances ¥10.8 Billion Debt to Fund Property Acquisition
NIPPON REIT Investment Corporation has arranged new borrowings totaling 1,335 million yen from Mizuho Bank and Sumitomo Mitsui Banking Corporation to help finance the 2,060 million yen acquisition of trust beneficiary interests in the nine hours Haka...
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: Oct 23, 2026