Hoshino Resorts REIT, Inc (HOSHF) Fair Value & Analysis
Real Estate · US · Market cap $984M
Hoshino Resorts REIT, Inc
HOSHF · US
Fair value as of: Jul 26, 2026
From 14 valuation models · updated 15 days ago
Fair value updated Jul 26, 2026, revised from $1,123 to $1,105 (−1.6%) since Jun 26, 2026.
A solid business, but screening 34% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case ($1,373). The favourable scenario is already priced in.
- Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.
- As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Price vs Fair Value (22 months)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 26, 2026.
How to read this chart
22‑month range $1,171 – $1,679 · fair‑value band $828.88 – $1,373 · the $1,679 price screens above the $1,105 fair value. Dashed = 300-day average. As of Jul 26, 2026.
Analysis
Hoshino Resorts REIT, Inc (HOSHF) currently trades at $1,679, while our model-based Fair Value estimate is $1,105, implying the stock looks roughly 34.2% overvalued today. The Quality Score stands at 54/100 (solid quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Hoshino Resorts REIT, Inc generated revenue of $17.9B at a net margin of 42.2%. Revenue grew 16.4% year over year. It earns a return on equity of 5.2%. Net debt stands at $85.7B. Fundamentals as of Jul 26, 2026
Our scenario range runs from $828.88 (bear case) to $1,373 (bull case); at $1,679, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 2% below its 52-week high and 24% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -33% fair-value upside, at -34%, HOSHF screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 14 models by family
Widest divergence: Multiples ($181,176) versus Growth DCF ($35,315). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 26, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 56 · Market factors (momentum, volatility) 77
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
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.
Full company description
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).
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Hoshino Resorts REIT, Inc reported revenue of $16.3B in FY2026 versus $9.4B in FY2022, a compound +14.7%/yr. Reported net income was $6.3B in FY2026, compounding +21.9%/yr from FY2022.
HOSHF screens 34% overvalued. Compare with Host Hotels & Resorts, Inc →
Peer Group
REIT - Hotel & Motel · 35 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs REIT - Hotel & Motel median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more REIT - Hotel & Motel stocks, each showing price versus our Fair Value estimate (as of Jul 26, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Host Hotels & Resorts, Inc HST | $24.50 | $16.49 | -33% |
| Ryman Hospitality Properties, Inc RHP | $133.09 | $48.74 | -63% |
| COVH COVH | €21.80 | €21.79 | -0% |
| Apple Hospitality REIT, Inc APLE | $16.61 | $12.63 | -24% |
| Park Hotels & Resorts inc. PK | $14.74 | $20.58 | +40% |
| DiamondRock Hospitality Company DRH | $12.85 | $8.43 | -34% |
| Sunstone Hotel Investors, Inc SHO | $11.74 | $2.52 | -79% |
| Pebblebrook Hotel Trust PEB | $19.09 | $25.37 | +33% |
| Xenia Hotels & Resorts, Inc XHR | $21.49 | $11.63 | -46% |
| RLJ Lodging Trust (RLJ) RLJ | $12.34 | $8.28 | -33% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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