NIPPON REIT Investment (TSE:3296) OCF Yield %: 31.61 (As of Aug. 04, 2026) — 302% 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
View Full Analysis

What is NIPPON REIT Investment OCF Yield %?

NIPPON REIT Investment TSE:3296 -1.09% 64 OCF Yield % is 31.61 as of Aug. 04, 2026, which is 302% above its 10-year median of 7.87. 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 928 REITs companies, NIPPON REIT Investment ranks better than 96.01% on this metric.

OCF Yield % is calculated as Cash Flow from Operations divided by Market Capitalization. It is a financial solvency ratio that compares the operating cash flow a company is expected to earn against its market value.

As of today, NIPPON REIT Investment's Trailing 12-Month Cash Flow from Operations is 円48,542 Mil, and Market Cap is 円149,355 Mil. Therefore, NIPPON REIT Investment's OCF Yield % for today is 31.61%.

The historical rank and industry rank for NIPPON REIT Investment's OCF Yield % or its related term are showing as below:

TSE:3296' s OCF Yield % Range Over the Past 10 Years
Min: 4.03   Med: 7.87   Max: 31.61
Current: 31.61


During the past 11 years, the highest OCF Yield % of NIPPON REIT Investment was 31.61%. The lowest was 4.03%. And the median was 7.87%.

TSE:3296's OCF Yield % is ranked better than
96.01% of 928 companies
in the REITs industry
Industry Median: 7.255 vs TSE:3296: 31.61

NIPPON REIT Investment's OCF Margin % for the quarter that ended in Dec. 2025 was %.


NIPPON REIT Investment OCF Yield % Explanation

Similar to Earnings Yield %, OCF Yield % is financial solvency ratio. A lower ratio suggests a less attractive investment, indicating that investors might not receive substantial returns in proportion to their investment. Conversely, a high operating cash flow yield signals that a company generates sufficient cash to comfortably meet its debts, obligations, and dividend payments, making it a promising investment choice.


NIPPON REIT Investment OCF Yield % Related Terms


NIPPON REIT Investment OCF Yield % Historical Data

* Premium members only.

The historical data trend for NIPPON REIT Investment's OCF Yield % 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 OCF Yield % Chart

NIPPON REIT Investment Annual Data
Trend Jun14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
OCF Yield %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.15 11.70 13.12 7.14 8.92

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
OCF Yield % 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 7.12 17.13 19.09 21.85 36.03

TSE:3296 vs BXP, ARE, VNO: OCF Yield % Comparison

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

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

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


TSE:3296
64GF Score
NIPPON REIT Investment Corp TSE:3296
OCF Yield % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NIPPON REIT Investment OCF Yield % Calculation

OCF Yield % is a financial solvency ratio that compares the operating cash flow a company is expected to earn against its market value.

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

OCF Yield %=Cash Flow from Operations / Market Cap
=13487.601 / 151200
=8.92%

NIPPON REIT Investment's annualized OCF Yield % for the quarter that ended in Dec. 2025 is calculated as

OCF Yield %=Cash Flow from Operations * Annualized Factor / Market Cap
=31470.627 * 2 / 174678.4
=36.03%

* 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 OCF Yield % →
What does a OCF Yield % of 31.61 mean?
NIPPON REIT Investment (TSE:3296) has a OCF Yield % of 31.61 as of Aug. 04, 2026. OCF Yield is calculated as Cash Flow from Operations divided by Market Capitalization. View historical data on NIPPON REIT Investment and its competitors. This is 302% above median its historical median of 7.87. Over the past decade, NIPPON REIT Investment's OCF Yield % has ranged from 4.03 to 31.61. According to the industry distribution chart, NIPPON REIT Investment ranks #37 out of 928 companies in the REITs industry, placing it in the top 4%.
Is NIPPON REIT Investment's OCF Yield % too high?
NIPPON REIT Investment's current OCF Yield % of 31.61 is 302% above median its 10-year median of 7.87. Over the past 10 years, this metric has ranged from a low of 4.03 to a high of 31.61. The REITs industry median OCF Yield % is 7.26. NIPPON REIT Investment's value of 31.61 is 335.7% above this industry median. Based on the distribution chart, NIPPON REIT Investment ranks #37 out of 928 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. 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 OCF Yield % compare to BXP and ARE?
According to the REITs industry distribution chart, NIPPON REIT Investment ranks #37 out of 928 companies for OCF Yield %. This places NIPPON REIT Investment in the top 4% of its industry — outperforming the majority of peers. The industry median OCF Yield % is 7.26. NIPPON REIT Investment's value of 31.61 is 335.7% above this benchmark. Historically, NIPPON REIT Investment's own OCF Yield % has ranged from 4.03 to 31.61 over the past decade. While the company's 10-year median is 7.87 vs. the industry median of 7.26, 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 OCF Yield % for a REITs company?
The median OCF Yield % among REITs companies is 7.26, based on 928 companies in the industry. Companies in the top quartile (top 25%) have a OCF Yield % significantly above this median, while those in the bottom quartile fall well below. However, OCF Yield % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NIPPON REIT Investment's current OCF Yield % of 31.61 is 335.7% 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 OCF Yield % mean?
A high OCF Yield % can signal that a stock is expensive relative to its fundamentals. OCF Yield is calculated as Cash Flow from Operations divided by Market Capitalization. View historical data on NIPPON REIT Investment and its competitors. For the REITs industry, the median OCF Yield % is 7.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NIPPON REIT Investment's current OCF Yield % is 31.61, which is 302% above median its own 10-year median of 7.87. 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 OCF Yield % is 31.61, which is 302% above median its 10-year median of 7.87 and 335.7% above the REITs industry median of 7.26. 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 OCF Yield % calculated?
OCF Yield % is calculated from a company's financial statements. For NIPPON REIT Investment (TSE:3296), the current OCF Yield % is 31.61 as of Aug. 04, 2026. 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:

  • OCF Yield %: 31.61 (302% above median its 10-year median of 7.87)
  • 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: 335.7% above the REITs median (#37 of 928)

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

OCF Yield % 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