Header cover image

Japanese (NIKKEI) Real Estate Sector Analysis

UpdatedFeb 24, 2024
DataAggregated Company Financials
Companies175
  • 7D0.4%
  • 3M0.9%
  • 1Y12.9%
  • YTD2.2%

The Real Estate industry is up 1.4% in the last week, with Mitsubishi Estate up 3.3%. In the same time, GLP J-REIT was down 5.8%. This means that the industry has gained 14% over the past year. Looking forward, earnings are forecast to grow by 3.8% annually.

Sector Valuation and Performance

Has the Japanese Real Estate Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 24 Feb 2024JP¥34.0tJP¥20.0tJP¥2.1t18.8x15.9x1.7x
Mon, 22 Jan 2024JP¥34.8tJP¥19.9tJP¥2.1t18x16.2x1.7x
Wed, 20 Dec 2023JP¥33.6tJP¥20.0tJP¥2.1t17.7x15.8x1.7x
Fri, 17 Nov 2023JP¥34.1tJP¥20.0tJP¥2.1t17.1x16x1.7x
Sun, 15 Oct 2023JP¥33.1tJP¥19.6tJP¥2.1t17.7x15.9x1.7x
Tue, 12 Sep 2023JP¥33.5tJP¥19.6tJP¥2.1t18.2x16.2x1.7x
Thu, 10 Aug 2023JP¥32.4tJP¥19.6tJP¥2.1t16.7x15.3x1.7x
Sat, 08 Jul 2023JP¥31.6tJP¥19.4tJP¥2.0t16.1x15.6x1.6x
Mon, 05 Jun 2023JP¥31.4tJP¥19.3tJP¥2.0t16.2x15.5x1.6x
Wed, 03 May 2023JP¥30.8tJP¥19.0tJP¥1.9t15.9x16.1x1.6x
Fri, 31 Mar 2023JP¥29.2tJP¥19.0tJP¥1.9t16x15.3x1.5x
Sun, 26 Feb 2023JP¥30.0tJP¥19.0tJP¥1.9t16.4x15.7x1.6x
Tue, 24 Jan 2023JP¥29.5tJP¥18.9tJP¥1.9t16.9x15.4x1.6x
Thu, 22 Dec 2022JP¥29.9tJP¥18.8tJP¥1.9t17x15.7x1.6x
Sat, 19 Nov 2022JP¥31.9tJP¥18.7tJP¥1.9t17.4x16.7x1.7x
Mon, 17 Oct 2022JP¥31.5tJP¥18.5tJP¥1.9t17.7x16.5x1.7x
Wed, 14 Sep 2022JP¥32.8tJP¥18.4tJP¥1.9t18.8x17.3x1.8x
Fri, 12 Aug 2022JP¥31.9tJP¥18.3tJP¥1.9t17.8x17x1.7x
Sun, 10 Jul 2022JP¥31.3tJP¥18.0tJP¥1.8t17.3x17.4x1.7x
Tue, 07 Jun 2022JP¥31.8tJP¥17.9tJP¥1.8t18.1x17.7x1.8x
Thu, 05 May 2022JP¥31.5tJP¥17.6tJP¥1.7t18.3x18.3x1.8x
Sat, 02 Apr 2022JP¥32.1tJP¥17.5tJP¥1.7t19.2x19x1.8x
Mon, 28 Feb 2022JP¥30.3tJP¥17.5tJP¥1.7t17.7x17.7x1.7x
Wed, 26 Jan 2022JP¥30.3tJP¥17.1tJP¥1.8t19.3x17.2x1.8x
Fri, 24 Dec 2021JP¥31.5tJP¥17.1tJP¥1.8t19.8x17.7x1.8x
Sun, 21 Nov 2021JP¥32.4tJP¥17.1tJP¥1.8t20.6x18.3x1.9x
Tue, 19 Oct 2021JP¥33.4tJP¥16.9tJP¥1.7t19.7x19.9x2x
Thu, 16 Sep 2021JP¥33.2tJP¥16.9tJP¥1.7t19.8x19.7x2x
Sat, 14 Aug 2021JP¥32.7tJP¥16.9tJP¥1.7t19.2x19.6x1.9x
Wed, 09 Jun 2021JP¥31.8tJP¥16.6tJP¥1.6t20.1x19.9x1.9x
Tue, 02 Mar 2021JP¥30.1tJP¥17.0tJP¥1.7t19.3x18x1.8x
Price to Earnings Ratio

18x


Total Market Cap: JP¥30.1tTotal Earnings: JP¥1.7tTotal Revenue: JP¥17.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Real Estate Sector Price to Earnings3Y Average 17.3x202220232024
Current Industry PE
  • Investors are relatively neutral on the Japanese Real Estate industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 17.3x.
  • The industry is trading close to its 3-year average PS ratio of 1.8x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 8.5% per year over the last three years.
  • Revenues for these companies have grown 5.6% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Japanese Real Estate sector?

JP Market1.30%
Real Estate0.38%
Real Estate1.29%
Hotel and Resort REITs1.09%
Office REITs0.35%
Specialized REITs0%
REITS-0.37%
Residential REITs-0.74%
Retail REITs-1.34%
Health Care REITs-1.77%
Industrial REITs-3.40%
Industry PE
  • Investors are most optimistic about the Hotel and Resort REITs industry even though it's trading below its 3-year average PE ratio of 47.2x.
    • Analysts are expecting annual earnings growth of 16.0%, which is lower than the prior year's growth of 99.7% per year.
  • Investors are most pessimistic about the Real Estate industry, which is trading close to its 3-year average of 12.6x.
Forecasted Growth
  • Analysts are most optimistic on the Hotel and Resort REITs industry, expecting annual earnings growth of 16% over the next 5 years.
  • However this is lower than its past earnings growth rate of 100% per year.
  • In contrast, the Office REITs industry is expected to see its earnings decline by 2.4% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
8802 Mitsubishi EstateJP¥2.18k3.3%
+JP¥88.0b
31.3%PE19.7x
8801 Mitsui FudosanJP¥4.13k1.7%
+JP¥65.4b
62.8%PE17.8x
1925 Daiwa House IndustryJP¥4.39k0.9%
+JP¥25.0b
40.2%PE7.8x
3231 Nomura Real Estate HoldingsJP¥3.85k3.3%
+JP¥21.2b
29.6%PE10x
1878 Daito Trust ConstructionLtdJP¥17.43k1.4%
+JP¥16.0b
36.0%PE14.7x
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

8953

JP¥90,800.00

Japan Metropolitan Fund Investment

7D

-2.3%

1Y

-12.7%

8905

JP¥1,830.00

AEON Mall

7D

1.6%

1Y

1.6%

3281

JP¥119,300.00

GLP J-REIT

7D

-5.8%

1Y

-18.6%

3249

JP¥121,200.00

Industrial & Infrastructure Fund Investment

7D

-4.1%

1Y

-15.1%

8951

JP¥578,000.00

Nippon Building Fund

7D

1.0%

1Y

0.2%

8802

JP¥2,178.00

Mitsubishi Estate

7D

3.3%

1Y

31.3%

8801

JP¥4,129.00

Mitsui Fudosan

7D

1.7%

1Y

62.8%

1925

JP¥4,393.00

Daiwa House Industry

7D

0.9%

1Y

40.2%

3289

JP¥1,009.00

Tokyu Fudosan Holdings

7D

2.0%

1Y

56.0%

3231

JP¥3,852.00

Nomura Real Estate Holdings

7D

3.3%

1Y

29.6%

3003

JP¥1,535.50

Hulic

7D

-1.1%

1Y

42.2%

1878

JP¥17,430.00

Daito Trust ConstructionLtd

7D

1.4%

1Y

36.0%

3471

JP¥422,000.00

Mitsui Fudosan Logistics Park

7D

-3.8%

1Y

-6.2%

3283

JP¥252,200.00

Nippon Prologis REIT

7D

-2.1%

1Y

-13.7%

3453

JP¥268,000.00

Kenedix Retail REIT

7D

-5.7%

1Y

0.8%

3278

JP¥210,500.00

Kenedix Residential Next Investment

7D

-5.5%

1Y

-1.5%