Nippon Building Fund Incorporation stock
8951.TJPXReal EstateISIN JP3027670003
45Score 45 out of 100, Weak
Price and trend
39 / 100
Price history
−19% in one yearThe chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Below the 200-day line: the price is 8.8% below it.
Since April 2026 the 50-day line has been below the 200-day line; the trend has turned down.
Normal: the price is neither overheated nor sold off (RSI 47).
The price is 22% below its 52-week high. Largest decline in 20 years: 69% (May 2007 to December 2011).
Chart figures for advanced users
- SMA 50$758.59
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$819.81
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)47
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDbelow the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$725.97
- The lowest closing price of the last twelve months.
- Resistance$953.31
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Nippon Building Fund Incorporation belongs to the REIT (Office) industry (Japan) and, with a market value of $6.59B, is number 4 of 19 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $803.08M (up 25.4% year on year) and earnings of $269.07M (down 7.3%).
- MEQIRI Score 45 out of 100 (Weak): rank 254 of 327 in Real Estate, median 55.
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- The P/E is 24 (Real Estate sector median 22, own median of recent years 27.4).
- For real estate investment trusts (REITs) what counts is funds from operations (FFO and AFFO). The P/E and the payout ratio of earnings say little here, because depreciation on properties depresses earnings.
- Our model puts fair value at $495.76, with the price 49% above it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- High marginNet margin 40.7% over the last 12 months, Real Estate sector median 12.7%.Profitability 57
- Consistently profitableProfit in all 10 fiscal years from 2016 to 2025.Fundamentals 50
Weaknesses
- Above fair valuePrice 49% above the fair value of $495.76.Valuation 28
- Negative free cash flowFree cash flow −$217.97M over the last 12 months.Fundamentals 50
- DilutionShare count up 18% since 2020.Capital allocation 27
The score is held back by valuation and capital allocation.
Daily figure as of 12 Nov 2026
How the score is calculatedScore overview
Score since yesterday from 46 to 45.
The fundamentals are in the middle range.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk not measured
How well MEQIRI warnsFor stocks from Japan, China, Hong Kong, Taiwan, Korea, Canada, India and Brazil we only show crash risk once a separate backtest shows that it warns as well there as in the US and Europe.
Valuation
Valuation signal
Significantly overvaluedClosing price of 11 Nov 2026, used by the daily score.
In our model the price counts as cheap below $413.13 and expensive above $619.70 (uncertainty low, based on the price swings of the past year).
The two parts of the fair value come to $617.45 (cash-flow model) and $374.06 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is above both.
Calculated with a cost of equity of 6.1%. At 7.1% the fair value would be $444.22, at 5.1% it would be $573.06.
Valuation metrics
Half from the cash-flow model, half from FFO per share times the median price to FFO of the REIT industry (8.8). For REITs, depreciation on buildings depresses earnings, so FFO counts instead of earnings. The cash-flow model uses AFFO: operating cash flow less maintenance, estimated at 15% of revenue. New construction and acquisitions do not count as running costs there.
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Jun 2026, revenue rose 5.2% on the twelve months before. Revenue has grown solidly since 2006, at about 5% per year.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 25%, operating 36%, net 34%. Last 12 months: net 41%.
Debt & balance sheet
latest quarterThe balance sheet is solid, with moderate debt and comfortable interest coverage.
Earnings
- Next earnings
- 17 Feb 2027in 97 days
- Last reported
- 17 Aug 2026EPS reported $16.99 (expected $16.84)in line with expectations
Analyst estimates
Earnings estimates have barely changed since 23 Oct 2026.
- Earnings per share
- $31.890.0%
- Revenue
- $579.1M0.0%
- Earnings per share
- $32.000.0%
- Revenue
- $587.6M0.0%
MEQIRI has stored the estimates since 23 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
What happened at Nippon Building Fund Incorporation
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
327 rated companies in Real Estate
- This company
- 45
- Sector median
- 55
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in REIT (Office)
The next larger and next smaller companies by market value
- BXPBXP $10.13B55
- Alexandria Real Estate EquitiesARE $7.85B37
- Vornado Realty TrustVNO $6.58B52
- GecinaGFC.PA $5.35B47
- Cousins PropertiesCUZ $4.88B51
- Kilroy RealtyKRC $4.21B45
- Colonial SFL SOCIMICOL.MC $3.58B58
- SL Green RealtySLG $3.52B43
ETFs that hold Nippon Building Fund Incorporation
Held by 83 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| UBS MSCI Japan Climate Paris Aligned UCITS ETF ir-hEUR accAW1Q | 2.43% | 0.15% | €191.34M |
| iShares Asia Property Yield UCITS ETFIQQ4 | 1.96% | 0.59% | €169.82M |
| Amundi MSCI Japan ESG Broad Transition UCITS ETF EUR AccJ1GR | 0.64% | 0.15% | €1.31B |
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| iShares MSCI Japan CTB Enhanced ESG UCITS ETFEDMJ | 0.59% | 0.15% | €1.27B |
| VanEck Global Real Estate UCITS ETFTRET | 0.47% | 0.25% | €475.2M |
| State Street SPDR Dow Jones Global Real Estate UCITS ETF (Dist)SPYJ | 0.41% | 0.40% | €329.7M |
| iShares Developed Markets Property Yield UCITS ETFIQQ6 | 0.37% | 0.59% | €812.71M |
| UBS FTSE EPRA Nareit Developed Green UCITS ETF USD disCSYZ | 0.32% | 0.25% | €207.23M |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 11 Nov 2026 ($1 = ¥159.23)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak, published since 7 Nov 2026 (in the score history since 7 Aug 2026)
- Valuation signal Overvalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.