Nippon Accommodations Fund Inc. (NIPPF)
Nippon Accommodations Fund Inc. operates in the REIT - Diversified industry of the Real Estate sector, headquartered in Tokyo, JP. The stock last traded at $920.66, up 0.00% on the session, giving a market capitalisation of $2.32B. On trailing twelve-month figures it carries a trailing P/E of 24.55, a net margin of 86.6%. Its beta of 0.24 implies it has historically moved less than the broad market.
Nippon Accommodations Fund Inc., often referred to as NAF, was established on October 12, 2005. It functions as an investment corporation under Japan's Investment Trust and Investment Corporation Act, with sponsorship from Mitsui Fudosan Accommodations Fund Management Co., Ltd. (MFAFM). NAF officially registered with the Kanto Local Finance Bureau of the Ministry of Finance on November 11, 2005, and began purchasing properties shortly thereafter, on November 30, 2005. Operating as an externally managed real estate fund, NAF entrusts its asset management to MFAFM. In this capacity, MFAFM is responsible for the acquisition, oversight, and enhancement of NAF's accommodation assets. MFAFM itself is a wholly-owned subsidiary of Mitsui Fudosan Co., Ltd.
Nippon Accommodations Fund Inc. is most often compared with the following Real Estate names: