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Japanese (NIKKEI) Real Estate Sector Analysis

UpdatedSep 03, 2025
DataAggregated Company Financials
Companies164
  • 7D0.6%
  • 3M11.8%
  • 1Y12.3%
  • YTD19.0%

Over the last 7 days, the Real Estate industry has remained flat. As for the the longer term, the industry is up 12% over the past 12 months. As for the next few years, earnings are expected to grow by 2.8% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 03 Sep 2025JP¥39.7tJP¥21.4tJP¥2.4t17.9x16.3x1.9x
Fri, 01 Aug 2025JP¥36.8tJP¥21.2tJP¥2.4t17.5x15.3x1.7x
Sun, 29 Jun 2025JP¥36.4tJP¥21.6tJP¥2.4t17.3x15.1x1.7x
Tue, 27 May 2025JP¥35.8tJP¥21.5tJP¥2.4t16.9x14.8x1.7x
Thu, 24 Apr 2025JP¥36.1tJP¥21.2tJP¥2.3t16.7x15.6x1.7x
Sat, 22 Mar 2025JP¥35.2tJP¥21.1tJP¥2.3t16.9x15.3x1.7x
Mon, 17 Feb 2025JP¥34.6tJP¥21.3tJP¥2.3t17.2x14.9x1.6x
Wed, 15 Jan 2025JP¥33.4tJP¥20.7tJP¥2.2t17x15.4x1.6x
Fri, 13 Dec 2024JP¥33.6tJP¥21.0tJP¥2.2t16.6x15.4x1.6x
Sun, 10 Nov 2024JP¥34.3tJP¥20.8tJP¥2.2t16.8x15.5x1.6x
Tue, 08 Oct 2024JP¥35.1tJP¥20.8tJP¥2.2t17.7x15.6x1.7x
Thu, 05 Sep 2024JP¥35.3tJP¥20.7tJP¥2.2t17.8x15.8x1.7x
Sat, 03 Aug 2024JP¥33.6tJP¥20.5tJP¥2.2t17.6x15.6x1.6x
Mon, 01 Jul 2024JP¥35.0tJP¥20.4tJP¥2.1t19.1x16.3x1.7x
Wed, 29 May 2024JP¥35.1tJP¥20.4tJP¥2.1t18.2x16.5x1.7x
Fri, 26 Apr 2024JP¥36.3tJP¥20.1tJP¥2.2t19.5x16.8x1.8x
Sun, 24 Mar 2024JP¥37.4tJP¥20.1tJP¥2.1t19.3x17.4x1.9x
Tue, 20 Feb 2024JP¥33.8tJP¥20.0tJP¥2.1t19.1x15.8x1.7x
Thu, 18 Jan 2024JP¥34.6tJP¥20.0tJP¥2.1t18x16.2x1.7x
Sat, 16 Dec 2023JP¥34.0tJP¥20.0tJP¥2.1t17.6x15.9x1.7x
Mon, 13 Nov 2023JP¥33.6tJP¥19.9tJP¥2.1t17x15.8x1.7x
Wed, 11 Oct 2023JP¥33.4tJP¥19.6tJP¥2.1t17.3x16.1x1.7x
Fri, 08 Sep 2023JP¥34.3tJP¥19.6tJP¥2.1t18.4x16.6x1.8x
Sun, 06 Aug 2023JP¥31.7tJP¥19.3tJP¥2.0t16.5x15.6x1.6x
Tue, 04 Jul 2023JP¥32.1tJP¥19.4tJP¥2.0t16.1x15.8x1.7x
Thu, 01 Jun 2023JP¥31.0tJP¥19.3tJP¥2.0t15.9x15.3x1.6x
Sat, 29 Apr 2023JP¥30.8tJP¥19.0tJP¥1.9t16.1x16.2x1.6x
Mon, 27 Mar 2023JP¥17.5tJP¥18.0tJP¥1.5t10.5x11.9x1x
Wed, 22 Feb 2023JP¥29.7tJP¥19.0tJP¥1.9t16.3x15.6x1.6x
Fri, 20 Jan 2023JP¥29.1tJP¥18.9tJP¥1.9t16.6x15.2x1.5x
Sun, 18 Dec 2022JP¥31.9tJP¥18.8tJP¥1.9t17.7x16.8x1.7x
Tue, 15 Nov 2022JP¥31.7tJP¥18.7tJP¥1.9t17.1x16.6x1.7x
Thu, 13 Oct 2022JP¥31.6tJP¥18.5tJP¥1.9t18x16.6x1.7x
Sat, 10 Sep 2022JP¥32.5tJP¥18.4tJP¥1.9t18.9x17.1x1.8x
Price to Earnings Ratio

17.1x


Total Market Cap: JP¥32.5tTotal Earnings: JP¥1.9tTotal Revenue: JP¥18.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Real Estate Sector Price to Earnings3Y Average 15.8x202320242025
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 15.8x.
  • The industry is trading close to its 3-year average PS ratio of 1.7x.
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 5.2% 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 Market0.35%
Real Estate0.63%
Residential REITs1.77%
Hotel and Resort REITs1.43%
Health Care REITs1.18%
Real Estate0.74%
REITS0.49%
Retail REITs0.30%
Industrial REITs0.28%
Office REITs-0.032%
Industry PE
  • Investors are most optimistic about the Residential REITs industry, which is trading close to its 3-year average PE ratio of 26.1x.
    • Analysts are expecting annual earnings growth of 1.1%, which is lower than the prior year's growth of 4.9% per year.
  • Investors are most pessimistic about the Real Estate industry, which is trading close to its 3-year average of 12.4x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 4.8% over the next 5 years.
  • However this is lower than its past earnings growth rate of 20% per year.
  • In contrast, the Office REITs industry is expected to see its earnings decline by 2.6% 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¥3.21k2.3%
+JP¥69.5b		29.9%PE20.1x
1925 Daiwa House IndustryJP¥5.34k1.5%
+JP¥50.1b		16.4%PE10.6x
3289 Tokyu Fudosan HoldingsJP¥1.22k2.3%
+JP¥19.7b		16.9%PE9.8x
8985 Japan Hotel REIT InvestmentJP¥87.20k4.3%
+JP¥18.3b		18.2%PB1.6x
8972 KDX Realty InvestmentJP¥170.60k2.5%
+JP¥16.6b		6.2%PB1.1x

Latest News

8802
JP¥3,211.00
Mitsubishi Estate
7D
2.3%
1Y
29.9%

Mitsubishi Estate's (TSE:8802) Upcoming Dividend Will Be Larger Than Last Year's

Sep 02
Mitsubishi Estate's (TSE:8802) Upcoming Dividend Will Be Larger Than Last Year's
8801
JP¥1,582.00
Mitsui Fudosan
7D
-0.4%
1Y
1.2%

Mitsui Fudosan (TSE:8801) Has Announced That It Will Be Increasing Its Dividend To ¥16.50

Sep 01
Mitsui Fudosan (TSE:8801) Has Announced That It Will Be Increasing Its Dividend To ¥16.50
8848
JP¥726.00
Leopalace21
7D
4.5%
1Y
19.2%

Leopalace21 (TSE:8848) Is Due To Pay A Dividend Of ¥5.00

Sep 01
Leopalace21 (TSE:8848) Is Due To Pay A Dividend Of ¥5.00
8914
JP¥2,300.00
Arealink
7D
-10.5%
1Y
35.9%
3498
JP¥8,790.00
Kasumigaseki CapitalLtd
7D
-4.1%
1Y
27.9%
3289
JP¥1,220.50
Tokyu Fudosan Holdings
7D
2.3%
1Y
16.9%

Do Tokyu Fudosan Holdings' (TSE:3289) Earnings Warrant Your Attention?

Aug 26
Do Tokyu Fudosan Holdings' (TSE:3289) Earnings Warrant Your Attention?
8876
JP¥1,720.50
Relo Group
7D
-4.5%
1Y
-10.5%

Here's Why Relo Group (TSE:8876) Can Manage Its Debt Responsibly

Aug 26
Here's Why Relo Group (TSE:8876) Can Manage Its Debt Responsibly
8985
JP¥87,200.00
Japan Hotel REIT Investment
7D
4.3%
1Y
18.2%
8984
JP¥128,000.00
Daiwa House REIT Investment
7D
-1.4%
1Y
8.9%
8972
JP¥170,600.00
KDX Realty Investment
7D
2.5%
1Y
6.2%
3281
JP¥136,400.00
GLP J-REIT
7D
-0.9%
1Y
2.6%
8954
JP¥98,700.00
ORIX JREIT
7D
-1.3%
1Y
29.5%
8951
JP¥143,000.00
Nippon Building Fund
7D
-0.6%
1Y
8.3%
1925
JP¥5,335.00
Daiwa House Industry
7D
1.5%
1Y
16.4%

Daiwa House Industry's (TSE:1925) Dividend Will Be ¥75.00

Aug 11
Daiwa House Industry's (TSE:1925) Dividend Will Be ¥75.00
8919
JP¥2,762.00
KATITAS
7D
4.5%
1Y
47.7%
8960
JP¥178,500.00
United Urban Investment
7D
1.7%
1Y
25.9%