NIPPON REIT Investment (TSE:3296) Construction In Progress: 円21 Mil (As of Dec. 2025)

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TSE:3296 NIPPON REIT Investment Corp TSE:3296
64 GF Score
Price 円81,600.00
GF Value 円93,812.98
Valuation Modestly Undervalued
! 3 Warning Signs
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What is NIPPON REIT Investment Construction In Progress?

NIPPON REIT Investment TSE:3296 -1.09% 64 Construction In Progress is 円21 Mil as of Dec. 2025. GuruFocus rates TSE:3296 with a GF Score™ of 64/100 and a GF Value™ of 円93,812.98 (Modestly Undervalued). The stock has 3 warning signs investors should review.

NIPPON REIT Investment's quarterly construction in progress increased from Dec. 2024 (円12 Mil) to Jun. 2025 (円21 Mil) but then stayed the same from Jun. 2025 (円21 Mil) to Dec. 2025 (円21 Mil).

NIPPON REIT Investment's annual construction in progress declined from Dec. 2021 (円10 Mil) to Dec. 2022 (円0 Mil) but then increased from Dec. 2022 (円0 Mil) to Dec. 2023 (円12 Mil).

NIPPON REIT Investment Construction In Progress Historical Data

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The historical data trend for NIPPON REIT Investment's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

NIPPON REIT Investment Construction In Progress Chart

NIPPON REIT Investment Annual Data
Trend Jun14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.48 10.16 10.20 0.00 11.90

NIPPON REIT Investment Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.90 13.11 12.10 20.75 20.75
TSE:3296
64GF Score
NIPPON REIT Investment Corp TSE:3296
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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NIPPON REIT Investment Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of 円21 Mil mean?
NIPPON REIT Investment (TSE:3296) has a Construction In Progress of 円21 Mil as of Dec. 2025. Construction in Progress records the amount of construction work that is not complete. View historical data on NIPPON REIT Investment and its competitors.
Is NIPPON REIT Investment's Construction In Progress too high?
NIPPON REIT Investment's current Construction In Progress is 円21 Mil. Overall, NIPPON REIT Investment has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does NIPPON REIT Investment's Construction In Progress compare to BXP and ARE?
NIPPON REIT Investment's Construction In Progress of 円21 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a REITs company?
A good Construction In Progress depends on the REITs industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on NIPPON REIT Investment and its competitors. NIPPON REIT Investment's current Construction In Progress is 円21 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NIPPON REIT Investment stock overvalued right now?
Based on GuruFocus' analysis, NIPPON REIT Investment (TSE:3296) is currently considered Modestly Undervalued. The stock's GF Value™ is 円93,812.98, compared to a current price of 円81,600.00 — trading 13% below its estimated fair value. The current Construction In Progress is 円21 Mil. NIPPON REIT Investment's overall GF Score™ is 64/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For NIPPON REIT Investment (TSE:3296), the current Construction In Progress is 円21 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is NIPPON REIT Investment (TSE:3296) Overvalued in 2026?

Based on GuruFocus' analysis, NIPPON REIT Investment stock appears to be undervalued. The current stock price of 円81,600.00 is trading 13% below its estimated GF Value™ of 円93,812.98. GuruFocus considers NIPPON REIT Investment to be Modestly Undervalued.

Key valuation signals for TSE:3296:

  • Construction In Progress: 円21 Mil
  • GF Value™: 円93,812.98 vs. price of 円81,600.00 (13% below fair value)
  • GF Score™: 64/100 with 3 warning signs

No single metric tells the full story. See the TSE:3296 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

NIPPON REIT Investment Business Description

Industry Real EstateREITs
Address No. 17 No. 18 Shinkawa, Chuo-ku, Tokyo-chome, JPN
NIPPON REIT Investment Corp is engaged in the property leasing business. The company manages assets by investing the funds paid in by the unitholders principally in real estate-related assets. The company develops a portfolio of properties focused on income growth and stability, aiming to maximize unitholder value.
64GF Score

Get the complete analysis for TSE:3296

Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円81,600.00
Price
円93,812.98
GF Value