NIPPON REIT Investment (TSE:3296) EBITDA Margin %: 71.26% (As of Dec. 2025) — 17% Above Median

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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 EBITDA Margin %?

NIPPON REIT Investment TSE:3296 -1.09% 64 EBITDA Margin % is 71.26% as of Dec. 2025, which is 17% above its 10-year median of 60.75. 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. Among 734 REITs companies, NIPPON REIT Investment ranks better than 50.82% on this metric.

EBITDA Margin % is calculated as EBITDA divided by its Revenue. NIPPON REIT Investment's EBITDA for the six months ended in Dec. 2025 was 円8,305 Mil. NIPPON REIT Investment's Revenue for the six months ended in Dec. 2025 was 円11,654 Mil. Therefore, NIPPON REIT Investment's EBITDA margin for the quarter that ended in Dec. 2025 was 71.26%.


NIPPON REIT Investment  (TSE:3296) EBITDA Margin % Explanation

EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.


NIPPON REIT Investment EBITDA Margin % Related Terms


NIPPON REIT Investment EBITDA Margin % Historical Data

* Premium members only.

The historical data trend for NIPPON REIT Investment's EBITDA Margin % 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 EBITDA Margin % Chart

NIPPON REIT Investment Annual Data
Trend Jun14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBITDA Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 62.28 65.51 66.83 61.62 60.07

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
EBITDA Margin % 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 61.69 63.15 63.98 69.05 71.26

TSE:3296 vs BXP, ARE, VNO: EBITDA Margin % Comparison

For the REIT - Office subindustry, NIPPON REIT Investment's EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % 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 EBITDA Margin % vs REITs Industry

For the REITs industry and Real Estate sector, NIPPON REIT Investment's EBITDA Margin % distribution charts can be found below:

* The bar in red indicates where NIPPON REIT Investment's EBITDA Margin % falls into.


TSE:3296
64GF Score
NIPPON REIT Investment Corp TSE:3296
EBITDA Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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NIPPON REIT Investment EBITDA Margin % Calculation

EBITDA margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent.

NIPPON REIT Investment's EBITDA Margin % for the fiscal year that ended in Dec. 2023 is calculated as

EBITDA Margin %=EBITDA (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=10628.023/17694.158
=60.07 %

NIPPON REIT Investment's EBITDA Margin % for the quarter that ended in Dec. 2025 is calculated as

EBITDA Margin %=EBITDA (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=8304.866/11654.209
=71.26 %

* 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.

Frequently Asked Questions Learn more about EBITDA Margin % →
What does a EBITDA Margin % of 71.26% mean?
NIPPON REIT Investment (TSE:3296) has a EBITDA Margin % of 71.26% as of Dec. 2025. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on NIPPON REIT Investment and its competitors. This is 17% above median its historical median of 60.75. Over the past decade, NIPPON REIT Investment's EBITDA Margin % has ranged from 47.46 to 70.18. According to the industry distribution chart, NIPPON REIT Investment ranks #361 out of 734 companies in the REITs industry, placing it in the top 49.2%.
Is NIPPON REIT Investment's EBITDA Margin % too high?
NIPPON REIT Investment's current EBITDA Margin % of 71.26% is 17% above median its 10-year median of 60.75. Over the past 10 years, this metric has ranged from a low of 47.46 to a high of 70.18. The REITs industry median EBITDA Margin % is 69.28. NIPPON REIT Investment's value of 71.26% is 2.9% above this industry median. Based on the distribution chart, NIPPON REIT Investment ranks #361 out of 734 companies in the REITs industry, which is above 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 EBITDA Margin % compare to BXP and ARE?
According to the REITs industry distribution chart, NIPPON REIT Investment ranks #361 out of 734 companies for EBITDA Margin %. This puts NIPPON REIT Investment in the upper half of its industry. The industry median EBITDA Margin % is 69.28. NIPPON REIT Investment's value of 71.26% is 2.9% above this benchmark. Historically, NIPPON REIT Investment's own EBITDA Margin % has ranged from 47.46 to 70.18 over the past decade. While the company's 10-year median is 60.75 vs. the industry median of 69.28, NIPPON REIT Investment has consistently been above 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 EBITDA Margin % for a REITs company?
The median EBITDA Margin % among REITs companies is 69.28, based on 734 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NIPPON REIT Investment's current EBITDA Margin % of 71.26% is 2.9% above 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 EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on NIPPON REIT Investment and its competitors. For the REITs industry, the median EBITDA Margin % is 69.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NIPPON REIT Investment's current EBITDA Margin % is 71.26%, which is 17% above median its own 10-year median of 60.75. 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 EBITDA Margin % is 71.26%, which is 17% above median its 10-year median of 60.75 and 2.9% above the REITs industry median of 69.28. 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 EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For NIPPON REIT Investment (TSE:3296), the current EBITDA Margin % is 71.26% 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:

  • EBITDA Margin %: 71.26% (17% above median its 10-year median of 60.75)
  • 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
  • Industry Position: 2.9% above the REITs median (#361 of 734)

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

EBITDA Margin % 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