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← CockpitCompetitor Analysis › 3296.T NIPPON REIT Investment CorpOpen in the cockpit ↗

NIPPON REIT Investment Corp3296.TCompetitor analysis, valuation and peers

Japan · JPY·Real Estate›Real Estate Investment Trusts
Momentum weak 26
Mkt cap
$852M
US dollars, full cap
Free float
97%
of shares outstanding
$/day
$2.07M
20-day average traded
Fwd P/E
14.5×
forward earnings
ROIC−WACC
n/a
WACC 5.0%
Hurdle
n/a
no reverse DCF
Next earnings
104 days
18 Feb 2027
Close · JPY¥73,400
1D-2.9%
1W-0.5%
1M-3.9%
3M-11.0%
6M-18.0%
YTD-25.7%
1Y-25.4%
ATR %1.6%
52w lowhigh29.5% off high

What NIPPON REIT Investment does

No business profile yet.

NIPPON REIT Investment at a glance

Size NIPPON REIT Investment (3296.T) is a Japan Real Estate company (Real Estate Investment Trusts) with a market value of $852M, the 815th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥73,400 on 6 Nov 2026.

Performance Over six months the shares fell 18.0%, against -7.0% for the median peer and +1.8% for the Japan market (cap-weighted) — lowest of 21 in its peer set.

Growth Revenue grew 41.5% over the last twelve months (peer median +5.7%); the operating margin is 25.8% (peer median 49.7%).

Valuation It trades at 14.5× forward earnings against a peer median of 14.7× (9th cheapest of 17).

Next results Next results expected around 18 Feb 2027 (exchange calendar; dates can move).

Relative performance

9010011 May 202611 Aug 20266 Nov 2026Peer median 943296.T 82
Six months, rebased to 100: NIPPON REIT Investment against the median of its 20 peers (local-currency closes).

NIPPON REIT Investment financials

Reported figures in JPY; fiscal year ends 2026-06-30. TTM = trailing twelve months.
TTMFY2026FY2025FY2024FY2023
Revenue¥55.2B¥55.2B¥39.0B¥25.9B¥20.3B
Revenue growth—+42%+50%+28%—
Gross profit¥16.2B¥16.2B¥14.5B¥11.2B¥9.43B
EBITDA¥16.5B¥16.5B¥15.2B¥12.4B¥10.9B
Net income¥11.7B¥11.7B¥11.0B¥8.76B¥7.54B
Free cash flow-¥2.47B-¥2.47B¥9.76B¥3.80B¥12.0B
Capital expenditure¥48.9B¥48.9B¥20.2B¥14.3B¥1.66B
Total debtn/a¥141B¥134B¥134B¥133B

Quarterly statements and history in the cockpit →

NIPPON REIT Investment competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-10%0%-10%0%+10%VITL-UNINNAU8UINDUSINVITPSTLQ5TUIBU3287P40U8975APZARFWKP330590ESRTCTO89683296.T6-month return →1-month return →
Up and to the right = strong over both horizons. NIPPON REIT Investment is the large dot.

Fundamentals: revenue growth against valuation

-20%0%+20%+40%20×40×AU8UPSTLQ5T3287P40USEB89753468O5RUAPZARFWKP330590CTO89683296.TRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. NIPPON REIT Investment is the large dot.

NIPPON REIT Investment competitors and peer comparison

How NIPPON REIT Investment compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

NIPPON REIT Investment against its 20 peers (data as of 6 Nov 2026)
Measure3296.TPeer medianRank in peer set
1-month return-3.9%-0.7%5th lowest of 21
6-month return-18.0%-7.0%lowest of 21
Distance from 52-week high-29.5%-18.2%2nd lowest of 21
Revenue growth (TTM)+41.5%+5.7%2nd highest of 20
Operating margin25.8%49.7%4th lowest of 20
Forward P/E14.5×14.7×9th cheapest of 17

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
NIPPON REIT Investment 3296.TJapan$852M-18%+42%26%14.5×n/an/a
Vital Infrastructure Property Trust VITL-UN.TOCanada$853M-15%-28%50%n/an/an/a
Summit Hotel Properties INNUnited States$845M+27%+2%10%n/an/an/a
CapitaLand China Trust AU8U.SISingapore$860M-7%-10%59%12.8×n/an/a
Indus Infra Trust INDUSINVIT.NSIndia$842M+3%+41%74%n/an/an/a
Postal Realty Trust PSTLUnited States$863M-5%+22%38%30.8×n/an/a
Far East Hospitality Trust Q5T.SISingapore$831M-10%+6%75%16.1×n/an/a
UI Boustead REIT UIBU.SISingapore$831M-5%n/an/a13.5×n/an/a
Hoshino Resorts REIT 3287.TJapan$831M-11%+44%39%16.4×n/an/a
Starhill Global Real Estate Investment Trust P40U.SISingapore$884M-13%0%68%11.4×n/an/a
Stoneweg Europe Stapled Trust SEB.SISingapore$889M-12%-2%57%9.4×n/an/a
Ichigo Office REIT Investment 8975.TJapan$816M-6%-18%46%10.5×n/an/a
Star Asia Investment 3468.TJapan$895M-7%+17%41%14.3×n/an/a
Aims Apac REIT O5RU.SISingapore$904M-10%+6%65%12.6×n/an/a
Aspen APZ.AXAustralia$802M+6%+31%34%24.1×n/an/a
Arena REIT ARF.AXAustralia$801M-13%+7%98%13.8×n/an/a
Workspace WKP.LUnited Kingdom$913M+8%-2%51%15.1×n/an/a
LOTTE REIT 330590.KSSouth Korea$792M-16%+13%67%24.4×n/an/a
Empire State Realty Trust ESRTUnited States$919M-7%+2%16%n/an/an/a
CTO Realty Growth CTOUnited States$783M0%+16%25%50.1×n/an/a
Fukuoka Reit 8968.TJapan$929M-7%-3%40%18.6×n/an/a

Questions

Which companies are NIPPON REIT Investment's closest peers?
The cockpit's peer set: Vital Infrastructure Property Trust (VITL-UN.TO), Summit Hotel Properties (INN), CapitaLand China Trust (AU8U.SI), Indus Infra Trust (INDUSINVIT.NS), Postal Realty Trust (PSTL), Far East Hospitality Trust (Q5T.SI), UI Boustead REIT (UIBU.SI), Hoshino Resorts REIT (3287.T).
Is NIPPON REIT Investment expensive compared with its peers?
On forward p/e it trades at 14.5× against a peer median of 14.7×, 9th cheapest of 17 in its peer set.
How has NIPPON REIT Investment stock performed?
Over six months to 6 Nov 2026 the shares returned -18.0% against -7.0% for the median peer; over one year -25.4%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.