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Japanese (NIKKEI) Real Estate Sector Analysis
UpdatedAug 09, 2026
DataAggregated Company Financials
Companies167
- 7D-2.1%
- 3M-7.0%
- 1Y1.2%
- YTD-7.5%
Over the last 7 days, the Real Estate industry has dropped 2.1%, driven by pullbacks in Mitsui Fudosan and Sumitomo Realty & Development of 2.2% and 2.8%, respectively. Meanwhile, Relo Group actually outperformed within the industry, gaining 5.9% in the last week. As for the longer term, the industry's performance has been flat for the past year. Earnings are forecast to grow by 3.3% annually.
Sector Valuation and Performance
Has the Japanese Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 09 Aug 2026 | JP¥39.4t | JP¥22.9t | JP¥2.6t | 14.8x | 14.9x | 1.7x |
| Tue, 07 Jul 2026 | JP¥40.7t | JP¥22.7t | JP¥2.6t | 15.3x | 15.7x | 1.8x |
| Thu, 04 Jun 2026 | JP¥38.7t | JP¥22.7t | JP¥2.6t | 14.7x | 14.9x | 1.7x |
| Sat, 02 May 2026 | JP¥42.6t | JP¥22.7t | JP¥2.6t | 15.3x | 16.2x | 1.9x |
| Mon, 30 Mar 2026 | JP¥43.0t | JP¥22.3t | JP¥2.6t | 16.1x | 16.7x | 1.9x |
| Wed, 25 Feb 2026 | JP¥47.1t | JP¥22.3t | JP¥2.6t | 17.3x | 18.3x | 2.1x |
| Fri, 23 Jan 2026 | JP¥43.4t | JP¥21.7t | JP¥2.5t | 17.9x | 17.6x | 2x |
| Sun, 21 Dec 2025 | JP¥42.6t | JP¥21.8t | JP¥2.5t | 17.7x | 17.2x | 2x |
| Tue, 18 Nov 2025 | JP¥41.3t | JP¥21.7t | JP¥2.5t | 16.6x | 16.7x | 1.9x |
| Thu, 16 Oct 2025 | JP¥39.5t | JP¥21.5t | JP¥2.4t | 17.8x | 16.2x | 1.8x |
| Sat, 13 Sep 2025 | JP¥40.5t | JP¥21.4t | JP¥2.4t | 17.8x | 16.6x | 1.9x |
| Mon, 11 Aug 2025 | JP¥38.8t | JP¥21.4t | JP¥2.4t | 17.8x | 15.9x | 1.8x |
| Wed, 09 Jul 2025 | JP¥35.7t | JP¥21.1t | JP¥2.4t | 17.1x | 14.8x | 1.7x |
| Fri, 06 Jun 2025 | JP¥35.8t | JP¥21.5t | JP¥2.4t | 17.1x | 14.8x | 1.7x |
| Sun, 04 May 2025 | JP¥36.3t | JP¥21.2t | JP¥2.3t | 16.7x | 15.6x | 1.7x |
| Tue, 01 Apr 2025 | JP¥35.0t | JP¥21.1t | JP¥2.3t | 16.8x | 15.2x | 1.7x |
| Thu, 27 Feb 2025 | JP¥34.7t | JP¥21.3t | JP¥2.3t | 17.4x | 14.9x | 1.6x |
| Sat, 25 Jan 2025 | JP¥34.1t | JP¥21.1t | JP¥2.2t | 16.7x | 15.5x | 1.6x |
| Mon, 23 Dec 2024 | JP¥33.5t | JP¥21.0t | JP¥2.2t | 16.2x | 15.2x | 1.6x |
| Wed, 20 Nov 2024 | JP¥33.9t | JP¥20.9t | JP¥2.2t | 17.5x | 15.6x | 1.6x |
| Fri, 18 Oct 2024 | JP¥34.7t | JP¥20.8t | JP¥2.2t | 17.1x | 15.4x | 1.7x |
| Sun, 15 Sep 2024 | JP¥34.9t | JP¥20.8t | JP¥2.2t | 17.8x | 15.6x | 1.7x |
| Tue, 13 Aug 2024 | JP¥33.9t | JP¥20.7t | JP¥2.2t | 17.7x | 15.4x | 1.6x |
| Thu, 11 Jul 2024 | JP¥35.2t | JP¥20.4t | JP¥2.1t | 19x | 16.4x | 1.7x |
| Sat, 08 Jun 2024 | JP¥35.4t | JP¥20.4t | JP¥2.1t | 18.5x | 16.6x | 1.7x |
| Mon, 06 May 2024 | JP¥37.4t | JP¥20.1t | JP¥2.2t | 19.7x | 17.4x | 1.9x |
| Wed, 03 Apr 2024 | JP¥36.9t | JP¥20.1t | JP¥2.1t | 19.2x | 17.2x | 1.8x |
| Fri, 01 Mar 2024 | JP¥33.8t | JP¥20.1t | JP¥2.1t | 19.1x | 15.8x | 1.7x |
| Sun, 28 Jan 2024 | JP¥34.6t | JP¥20.0t | JP¥2.1t | 18.1x | 16.2x | 1.7x |
| Tue, 26 Dec 2023 | JP¥33.3t | JP¥20.0t | JP¥2.1t | 17.8x | 15.6x | 1.7x |
| Thu, 23 Nov 2023 | JP¥34.0t | JP¥19.9t | JP¥2.1t | 17.3x | 15.9x | 1.7x |
| Sat, 21 Oct 2023 | JP¥32.7t | JP¥19.6t | JP¥2.1t | 17.6x | 15.8x | 1.7x |
| Mon, 18 Sep 2023 | JP¥34.2t | JP¥19.6t | JP¥2.1t | 18.1x | 16.5x | 1.7x |
| Wed, 16 Aug 2023 | JP¥32.3t | JP¥19.6t | JP¥2.1t | 17.5x | 15.7x | 1.6x |
Price to Earnings Ratio
15.7x
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 16.1x.
- 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 8.7% per year over the last three years.
- Revenues for these companies have grown 5.3% 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 Market | 1.75% | |
| Real Estate | -2.10% | |
| Hotel and Resort REITs | -0.82% | |
| Health Care REITs | -1.52% | |
| Real Estate | -1.79% | |
| REITS | -2.39% | |
| Retail REITs | -2.42% | |
| Residential REITs | -2.50% | |
| Office REITs | -2.95% | |
| Industrial REITs | -3.07% | |
Industry PE
- Investors are most optimistic about the Industrial REITs industry, which is trading close to its 3-year average PE ratio of 26.1x.
- Analysts are expecting annual earnings growth of 0.6%, which is lower than the prior year's growth of 3.6% per year.
- Investors are most pessimistic about the Real Estate industry, which is trading close to its 3-year average of 13.2x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 4.9% over the next 5 years.
- However this is lower than its past earnings growth rate of 14% per year.
- In contrast, the Retail REITs industry is expected to see its earnings decline by 3.0% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 8876 Relo Group | JP¥2.13k | 5.9% +JP¥18.1b | 16.6% | PE15.2x | |
| 3498 Kasumigaseki CapitalLtd | JP¥7.76k | 4.4% +JP¥8.3b | -17.3% | PE17.7x | |
| 8804 Tokyo Tatemono | JP¥3.43k | 1.3% +JP¥7.7b | 24.2% | PE11.5x | |
| 3276 Japan Property Management CenterLtd | JP¥2.24k | 23.2% +JP¥7.0b | 82.6% | PE20.2x | |
| 5537 AlbaLinkLtd | JP¥3.06k | 18.4% +JP¥3.9b | n/a | PE29.7x |
