Hoshino Resorts REIT, Inc.
Stock Price Chart
2026/05/15 UpdatedPrice Trend
2026/05/15 UpdatedPrice & Trading Details
2026/05/15 UpdatedPRICE
TRADING
Analyst Recommendations 4 analysts
Updated 2026/05/01Earnings Calendar
Updated 2026/05/01Shareholder Composition
Updated 2026/05/01Major Holders
Updated 2026/05/01| Institution | Ownership | Shares | Change |
|---|---|---|---|
|
VANGUARD STAR FUNDS-Vanguard Total International Stock Index Fund
|
8.0K | 0.00% | |
|
VANGUARD TAX-MANAGED FUNDS-Vanguard Developed Markets Index Fund
|
5.2K | 0.00% | |
|
DFA INVESTMENT DIMENSIONS GROUP INC-DFA Intl Real Estate Securities PO
|
3.9K | -4.91% | |
|
iShares Trust-iShares Core MSCI EAFE ETF
|
3.7K | 0.00% | |
|
Calvert World Values Fd., Inc.-Calvert Intl Opportunities Fd.
|
2.9K | -8.12% | |
|
iShares Trust-iShares MSCI EAFE Small-Cap ETF
|
2.3K | +1.30% |
Dividend History
Updated 2026/05/10| Year | Dividend | Change |
|---|---|---|
| 2026 | ¥6,500 | -39.2% |
| 2025 | ¥10,692 | +17.1% |
| 2024 | ¥9,133 | +7.8% |
| 2023 | ¥8,471 | +13.9% |
| 2022 | ¥7,438 | - |
Financial Performance
2026/05/10 UpdatedRevenue & Profit
Margins
Cash Flow
Financial Health
| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Income Statement | ||||
| Revenue | ¥9,432M | ¥11,321M | ¥12,702M | ¥14,167M |
| Gross Profit | ¥4,856M | ¥5,924M | ¥6,750M | ¥7,795M |
| Operating Income | ¥3,663M | ¥4,664M | ¥5,369M | ¥6,333M |
| Pretax Income | ¥3,377M | ¥4,241M | ¥5,154M | ¥5,911M |
| Net Income | ¥2,877M | ¥3,727M | ¥4,523M | ¥5,074M |
| EPS | - | ¥7,485.70 | ¥8,848.90 | ¥9,244.10 |
| Operating Margin | 38.83% | 41.20% | 42.26% | 44.70% |
| Balance Sheet | ||||
| Total Assets | ¥179,716M | ¥205,963M | ¥216,047M | ¥248,856M |
| Total Equity | ¥106,158M | ¥125,840M | ¥126,257M | ¥144,940M |
| Total Liabilities | ¥73,558M | ¥80,122M | ¥89,789M | ¥103,916M |
| Cash | ¥8,827M | ¥11,207M | ¥11,756M | ¥12,120M |
| Interest-bearing Debt | ¥68,483M | ¥74,586M | ¥84,299M | ¥95,939M |
| Equity Ratio | 59.07% | 61.10% | 58.44% | 58.24% |
| D/E Ratio | 0.65 | 0.59 | 0.67 | 0.66 |
| Cash Flow | ||||
| Operating CF | ¥4,971M | ¥6,980M | ¥8,006M | ¥8,248M |
| Investing CF | -¥5,531M | -¥26,585M | -¥12,885M | -¥32,724M |
| Financing CF | -¥1,705M | ¥21,985M | ¥5,600M | ¥25,203M |
| Free CF | -¥8,293M | -¥18,194M | -¥4,917M | -¥27,046M |
| Efficiency | ||||
| ROE | 2.71% | 2.96% | 3.58% | 3.50% |
| ROA | 1.60% | 1.81% | 2.09% | 2.04% |
Latest IR Information
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Hoshino Resorts REIT Investment Corporation March 2026 Operational Results | Steady Hotel Demand and Performance Trends
The overall occupancy rate of the portfolio for March 2026 was +0.2pt YoY, ADR increased by +2.3%, and RevPAR was +2.5%, demonstrating a steady trend. Domestic and inbound demand expansion and strong performances at certain properties contributed positively.
Read more -
Notice Regarding Determination of Borrowing Interest Rate
A fixed interest rate of 2.798% has been determined for a 200 million yen loan from Mizuho Bank, Ltd. The loan execution date is April 30, 2026, and the final repayment date is April 28, 2033.
Read more -
Notice Regarding Conclusion of Interest Rate Swap Agreement
Hoshino Resort REIT, Inc. entered into interest rate swap agreements totaling 1,430 million yen with Mitsubishi UFJ Bank and Mizuho Bank, effectively fixing the interest rates at 2.595% and 3.011%.
Read more -
Notice Regarding Extension of Commitment Line Contract Period
Hoshino Resort REIT, Inc. has extended the contract period of its commitment line with a borrowing limit of 3 billion yen by one year from May 1, 2026, to May 1, 2027.
Read more -
Notice Regarding Transfer of Domestic Real Estate (Solvita Hotel Naha)
Hoshino Resort REIT, Inc. plans to transfer Solvita Hotel Naha in Naha City, Okinawa Prefecture for 4,650 million yen. The difference from the book value of 3,859 million yen is 790 million yen. The transfer date is November 4, 2026.
Read more -
Notice Regarding Borrowing of Funds (Refinancing through Green Loans, etc.) and Interest Rate Swap Transactions
Hoshino Resorts REIT, Inc. has executed a borrowing of 4,780,000,000 yen, refinancing existing borrowings and planning to raise funds including a 300 million yen Green Loan.
Read more
Latest News (5 items)
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Average Analyst Rating: none
Average Target Price: ¥298,500
Rating Score: 2.00 (Based on 4 analysts)
※1=Strong Buy, 5=Strong Sell
Company Information
About
Hoshino Resorts REIT, Inc. (hereinafter, HRR) invests in hotels, ryokans (Japanese-style inns) and ancillary facilities. It serves at the core of the tourism industry and for which stable use is expected for the medium to long term. HRR was established under the Act on Investment Trusts and Investment Corporations (Act No. 198 of 1951, as amended; hereinafter, the Investment Trusts Act) with Hoshino Resort Asset Management Co., Ltd. (hereinafter, the Asset Management Company) as the organizer and investments in capital of 150 million yen (300 units) on March 6, 2013. An issuance of new investment units through public offering (19,000 units) was implemented with July 11, 2013, as the payment due date, and the investment securities were listed on the Real Estate Investment Trust Securities Market of Tokyo Stock Exchange, Inc. (hereinafter, the Tokyo Stock Exchange) (securities code: 3287) on July 12, 2013. HRR has steadily expanded its asset size since, bringing the assets held by HRR as of the end of the fiscal period under review to 69 properties (sum total of acquisition price: 226,650 million yen).
