Japan Hotel REIT Investment Corporation

NIPOFOTCReal Estate● Active

$495.00

$-5.00(-1.00%)

Market Cap$2.5B

P/E Ratio—

52W High$521.53

52W Low$495

Avg Volume2

Open$495.00

Beta0.10

Free Cash Flow Financials Revenue

Japan Hotel REIT Investment Corporation (NIPOF) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

NIPOF · free cash flow · updated Jun 8, 2026

Core FCF metrics

NIPOF · FCF · TTM · margin & CAGR

Free cash flow was −$38.85B for FY2025 (fiscal year ending 2025-12-31), up 8.6% year-over-year The FCF margin was -81.2%.

FY2025 Free Cash Flow−$38.85B▲ +8.6% YoY

Trailing 12M (TTM)−$21.40Btrailing 4 quarters sum

FCF Margin-81.2%−$38.85B ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

NIPOF · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$33.78B(72.63B)−$38.85B▲ +8.6%-81.2%

FY2024$22.76B(65.26B)−$42.50B▼ 103.8%-127.0%

FY2023$17.78B(38.64B)−$20.85B▼ 1576.3%-78.5%

FY2022$5.33B(3.92B)$1.41B▼ 82.3%9.5%

FY2021$11.68B(3.70B)$7.99B▼ 26.1%58.6%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

NIPOF · P/FCF · FCF yield · FCF per share

Japan Hotel REIT Investment Corporation (NIPOF) reported negative free cash flow of −$38.85B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

NIPOF · cash flow statement · operating / investing / financing

For FY2025, Japan Hotel REIT Investment Corporation generated $33.78B in operating cash flow and spent 72.63B in capital expenditures, yielding −$38.85B in free cash flow.

Operating Activities

+$33.78B

Cash from core business operations

2025-12-31

Investing Activities

−$71.93B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$44.11B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($33.78B) − |CapEx| (72.63B) = FCF (−$38.85B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Real Estate)

NIPOF vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Japan Hotel REIT Investment CorporationYOU

NIPOF

−$38.85B+8.6%-81.2%

Loss

American Tower Corporation

AMT

$3.78B+2.2%35.5%

76%

Simon Property Group, Inc.

Real Estate · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Japan Hotel REIT Investment Corporation (NIPOF) reported free cash flow of −$38.85B for FY2025 (fiscal year ending 2025-12-31), up 8.6% year-over-year. The FCF margin was -81.2%.

Based on available data, Japan Hotel REIT Investment Corporation has maintained positive free cash flow for at least 5 fiscal year(s). FCF peaked at $27.92B in FY2018.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

NIPOF free cash flow · 8 questions

Japan Hotel REIT Investment Corporation free cash flow was −$38.85B for FY2025, up 8.6% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$21.40B.

NIPOF free cash flowNIPOF FCFNIPOF FCF 2025NIPOF free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Japan Hotel REIT Investment Corporation · Japan Hotel REIT Investment Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026