Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
* 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.
TSE:3296 vs BXP, ARE, VNO: Days Payable Comparison
For the REIT - Office subindustry, NIPPON REIT Investment's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
NIPPON REIT Investment Days Payable vs REITs Industry
For the REITs industry and Real Estate sector, NIPPON REIT Investment's Days Payable distribution charts can be found below:
* The bar in red indicates where NIPPON REIT Investment's Days Payable falls into.
Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.
NIPPON REIT Investment's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as
* 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 (TSE:3296) has a Days Payable of 70.34 as of Dec. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on NIPPON REIT Investment and its competitors. This is near median its historical median of 65.09. Over the past decade, NIPPON REIT Investment's Days Payable has ranged from 48.37 to 93.13. According to the industry distribution chart, NIPPON REIT Investment ranks #340 out of 539 companies in the REITs industry, placing it in the top 63.1%.
Is NIPPON REIT Investment's Days Payable too high?
NIPPON REIT Investment's current Days Payable of 70.34 is near median its 10-year median of 65.09. Over the past 10 years, this metric has ranged from a low of 48.37 to a high of 93.13. The REITs industry median Days Payable is 119.45. NIPPON REIT Investment's value of 70.34 is 41.1% below this industry median. Based on the distribution chart, NIPPON REIT Investment ranks #340 out of 539 companies in the REITs industry, which is below the industry midpoint. 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 Days Payable compare to BXP and ARE?
According to the REITs industry distribution chart, NIPPON REIT Investment ranks #340 out of 539 companies for Days Payable. This places NIPPON REIT Investment in the lower half of its industry. The industry median Days Payable is 119.45. NIPPON REIT Investment's value of 70.34 is 41.1% below this benchmark. Historically, NIPPON REIT Investment's own Days Payable has ranged from 48.37 to 93.13 over the past decade. While the company's 10-year median is 65.09 vs. the industry median of 119.45, NIPPON REIT Investment has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a REITs company?
The median Days Payable among REITs companies is 119.45, based on 539 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NIPPON REIT Investment's current Days Payable of 70.34 is 41.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on NIPPON REIT Investment and its competitors. For the REITs industry, the median Days Payable is 119.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NIPPON REIT Investment's current Days Payable is 70.34, which is near median its own 10-year median of 65.09. 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 Days Payable is 70.34, which is near median its 10-year median of 65.09 and 41.1% below the REITs industry median of 119.45. 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 Days Payable calculated?
Days Payable is calculated from a company's financial statements. For NIPPON REIT Investment (TSE:3296), the current Days Payable is 70.34 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:
Days Payable: 70.34 (near median its 10-year median of 65.09)
GF Value™: 円93,812.98 vs. price of 円81,600.00 (13% below fair value)
Industry Position: 41.1% below the REITs median (#340 of 539)
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 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
Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:3296 has been successfully added to your 
