NIPPON REIT Investment Corporation (3296.T) stock price, financials & research

Regular session · JST · Market data may be delayed.

Company profile

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 opportune investments, ensuring all actions prioritize its investors' welfare.

Industry: REIT - Diversified
Sector: Real Estate
Headquarters: JP
CEO: Yasushi Iwasa
Listed since: Apr 24, 2014
Employees: 2,628

Market position

Day range

Current ¥82,300

¥81,700¥82,500

52-week range

Current ¥82,300

¥80,900¥104,100

Open: ¥82,200
Previous close: ¥81,900
Volume: 1.35K; 0.3× average
Average volume: 4.47K; Average daily volume
Market cap: 150.64B JPY
Beta: 0.17; Market reference 1
50-day average: ¥83,612; -1.57% below average
200-day average: ¥91,585; -10.14% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value: 0 JPY
P/E (TTM): 11.43×
P/B (TTM): 1.09×
P/S (TTM): 6.65×
EV / EBITDA: 0×
Earnings yield: 7.28%
Free cash flow yield: 4.38%
Dividend yield: 6.01%

Profitability & efficiency

Gross margin: 71.60%
Operating margin: 63.12%
Net margin: 56.15%
Return on equity: 0.00%
Return on assets: 0.00%
Return on invested capital: 0.00%

Financial health

Debt / equity: 1.01×
Current ratio: 0×
Altman Z-score: 1.12
Piotroski F-score: 7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin

Income trends

Revenue

22.67B JPY+14.32%

Operating income

14.31B JPY+28.28%

Net income

12.73B JPY+31.73%

Metric (JPY)	FY2026	FY2025	FY2024	FY2023	FY2022
Revenue	22.67B JPY	19.83B JPY	17.69B JPY	20.28B JPY	19.45B JPY
Cost of goods sold	6.44B JPY	6.85B JPY	6.8B JPY	10.85B JPY	6.14B JPY
Gross profit	16.23B JPY	12.98B JPY	10.87B JPY	9.43B JPY	13.31B JPY
Selling, general, and administrative	1.42B JPY	1.43B JPY	1.42B JPY	1.41B JPY	1.41B JPY
Operating expenses	1.92B JPY	1.82B JPY	1.75B JPY	666.59M JPY	1.76B JPY
Interest income	25.6M JPY	10.12M JPY	180K JPY	160K JPY	157K JPY
Interest expense	1.08B JPY	—	1.18B JPY	—	—
Depreciation and amortization	2.1B JPY	1.99B JPY	2.01B JPY	2.01B JPY	2.01B JPY
Operating income	14.31B JPY	11.15B JPY	9.15B JPY	8.88B JPY	11.54B JPY
Net income	12.73B JPY	9.66B JPY	7.75B JPY	7.74B JPY	10.19B JPY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate: 80%; 8 beats, 2 misses, 0 met estimates
Average EPS surprise: +5.58%; 10 comparable reports
Latest EPS result: 2,750.64; Estimate 2,634.58 · Beat by 4.41%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥4,778

2025 complete year-14.9% since 2021

2026 partial: ¥2,516

¥5,616.25

2,021

¥4,303

2,022

¥4,308.75

2,023

¥4,885.5

2,024

¥4,778

2,025

¥2,516

2,026*

* Partial calendar year in the available dividend history.

Corporate action history

Action	Ex-dividend date	Details	Record date	Payment date
Dividend	Jun 29, 2026	¥2,516Semi-Annual	Dec 31, 2026	Dec 29, 2026
Dividend	Dec 29, 2025	¥2,433Semi-Annual	Dec 31, 2025	Mar 23, 2026
Dividend	Jun 27, 2025	¥2,345Semi-Annual	Jun 30, 2025	Sep 19, 2025
Dividend	Dec 27, 2024	¥9,972Semi-Annual	Dec 31, 2024	Mar 24, 2025
Dividend	Jun 27, 2024	¥9,570Semi-Annual	Jun 30, 2024	Sep 19, 2024
Dividend	Dec 28, 2023	¥8,854Semi-Annual	Dec 31, 2023	Mar 22, 2024