Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Japanese (NIKKEI) Real Estate Sector Analysis

UpdatedMay 09, 2026
DataAggregated Company Financials
Companies166
  • 7D-0.5%
  • 3M-5.2%
  • 1Y18.7%
  • YTD-0.6%

Over the last 7 days, the Real Estate industry has remained flat. The past year has been better, since the industry has gained 19% in that time. 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 10 May 2026JP¥42.4tJP¥22.7tJP¥2.6t15.2x16.1x1.9x
Tue, 07 Apr 2026JP¥43.0tJP¥22.3tJP¥2.6t16.1x16.7x1.9x
Thu, 05 Mar 2026JP¥45.3tJP¥22.3tJP¥2.6t16.4x17.6x2x
Sat, 31 Jan 2026JP¥43.0tJP¥21.8tJP¥2.5t17.1x17.4x2x
Mon, 29 Dec 2025JP¥42.8tJP¥21.8tJP¥2.5t17.7x17.3x2x
Wed, 26 Nov 2025JP¥42.0tJP¥21.7tJP¥2.5t16.9x17x1.9x
Fri, 24 Oct 2025JP¥40.8tJP¥21.4tJP¥2.4t17.4x16.7x1.9x
Sun, 21 Sep 2025JP¥40.4tJP¥21.4tJP¥2.4t17.5x16.6x1.9x
Tue, 19 Aug 2025JP¥39.3tJP¥21.4tJP¥2.4t17.8x16.1x1.8x
Thu, 17 Jul 2025JP¥35.7tJP¥21.1tJP¥2.4t17.5x14.8x1.7x
Sat, 14 Jun 2025JP¥36.3tJP¥21.5tJP¥2.4t17.4x15x1.7x
Mon, 12 May 2025JP¥36.4tJP¥21.5tJP¥2.4t16.3x15.1x1.7x
Wed, 09 Apr 2025JP¥34.1tJP¥21.2tJP¥2.3t16x14.7x1.6x
Fri, 07 Mar 2025JP¥34.7tJP¥21.3tJP¥2.3t17.2x14.9x1.6x
Sun, 02 Feb 2025JP¥35.3tJP¥21.3tJP¥2.2t17.1x15.8x1.7x
Tue, 31 Dec 2024JP¥34.1tJP¥21.0tJP¥2.2t16.8x15.5x1.6x
Thu, 28 Nov 2024JP¥33.8tJP¥21.0tJP¥2.2t16.9x15.5x1.6x
Sat, 26 Oct 2024JP¥34.0tJP¥20.8tJP¥2.2t17.1x15.1x1.6x
Mon, 23 Sep 2024JP¥35.1tJP¥20.8tJP¥2.2t17.6x15.7x1.7x
Wed, 21 Aug 2024JP¥35.6tJP¥20.9tJP¥2.2t18.2x16x1.7x
Fri, 19 Jul 2024JP¥36.4tJP¥20.4tJP¥2.1t19.3x17x1.8x
Sun, 16 Jun 2024JP¥35.2tJP¥20.4tJP¥2.1t18.8x16.6x1.7x
Tue, 14 May 2024JP¥36.7tJP¥20.3tJP¥2.1t19.1x17.4x1.8x
Thu, 11 Apr 2024JP¥37.3tJP¥20.1tJP¥2.1t19.3x17.3x1.9x
Sat, 09 Mar 2024JP¥34.3tJP¥20.1tJP¥2.1t19.2x16x1.7x
Mon, 05 Feb 2024JP¥34.7tJP¥20.1tJP¥2.2t18.3x16.1x1.7x
Wed, 03 Jan 2024JP¥33.8tJP¥20.0tJP¥2.1t18x15.8x1.7x
Fri, 01 Dec 2023JP¥34.1tJP¥19.9tJP¥2.1t18x16x1.7x
Sun, 29 Oct 2023JP¥32.7tJP¥19.7tJP¥2.1t17.5x15.8x1.7x
Tue, 26 Sep 2023JP¥33.6tJP¥19.6tJP¥2.1t18.2x16.3x1.7x
Thu, 24 Aug 2023JP¥32.5tJP¥19.6tJP¥2.1t17.8x15.9x1.7x
Sat, 22 Jul 2023JP¥31.8tJP¥19.4tJP¥2.0t16.6x15.6x1.6x
Mon, 19 Jun 2023JP¥32.0tJP¥19.4tJP¥2.0t16.3x15.8x1.7x
Wed, 17 May 2023JP¥31.1tJP¥19.3tJP¥2.0t16.4x15.4x1.6x
Price to Earnings Ratio

15.4x


Total Market Cap: JP¥31.1tTotal Earnings: JP¥2.0tTotal Revenue: JP¥19.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Real Estate Sector Price to Earnings3Y Average 16.1x202420252026
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 9.2% per year over the last three years.
  • Revenues for these companies have grown 5.5% 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 Market2.87%
Real Estate-0.54%
Industrial REITs-0.27%
Real Estate-0.35%
Hotel and Resort REITs-0.43%
Health Care REITs-0.44%
Residential REITs-0.49%
REITS-0.91%
Retail REITs-1.23%
Office REITs-1.31%
Industry PE
  • Investors are most optimistic about the Industrial REITs industry, which is trading close to its 3-year average PE ratio of 26.3x.
    • Analysts are expecting annual earnings decline of 1.7%, which is lower than the prior year's growth of 8.9% per year.
  • Investors are most pessimistic about the Real Estate industry, which is trading close to its 3-year average of 13.1x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 5.1% over the next 5 years.
  • However this is lower than its past earnings growth rate of 15% per year.
  • In contrast, the Retail REITs industry is expected to see its earnings decline by 4.3% 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
8830 Sumitomo Realty & DevelopmentJP¥4.76k0.4%
+JP¥19.5b		72.7%PE20.1x
1878 Daito Trust ConstructionLtdJP¥3.54k0.8%
+JP¥9.4b		8.6%PE11.7x
1925 Daiwa House IndustryJP¥4.77k0.2%
+JP¥6.2b		-8.4%PE9.4x
2980 SRE HoldingsJP¥4.02k10.0%
+JP¥5.9b		11.1%PE26.3x
8818 Keihanshin BuildingJP¥1.99k4.1%
+JP¥3.7b		29.3%PE20.7x

Latest News

1878
JP¥3,544.00
Daito Trust ConstructionLtd
7D
0.8%
1Y
8.6%
Analysis Article • 10h

Daito Trust ConstructionLtd's (TSE:1878) Profits May Not Reveal Underlying Issues

The recent earnings posted by Daito Trust Construction Co.,Ltd. ( TSE:1878 ) were solid, but the stock didn't move as...
2980
JP¥4,015.00
SRE Holdings
7D
10.0%
1Y
11.1%
8830
JP¥4,756.00
Sumitomo Realty & Development
7D
0.4%
1Y
72.7%
3283
JP¥89,700.00
Nippon Prologis REIT
7D
0.3%
1Y
13.2%
3003
JP¥1,802.50
Hulic
7D
0.2%
1Y
16.9%
Analysis Article • Apr 30

Revenue Beat: Hulic Co., Ltd. Exceeded Revenue Forecasts By 56% And Analysts Are Updating Their Estimates

Last week saw the newest first-quarter earnings release from Hulic Co., Ltd. ( TSE:3003 ), an important milestone in...
8801
JP¥1,656.50
Mitsui Fudosan
7D
-2.2%
1Y
13.7%
Narrative Update • Apr 27

8801: Share Cancellations And India Housing Project Will Support Future Upside

Mitsui Fudosan’s analyst price target has been nudged higher to about ¥2,190 from roughly ¥2,175, reflecting analysts’ updated assumptions for slightly different revenue growth, profit margin, and future P/E inputs in their models. What's in the News Mitsui Fudosan updated its consolidated earnings forecast for the year ending March 31, 2026, now projecting revenue from operations of ¥2,700b, operating income of ¥395b, net income attributable to shareholders of ¥270b, and basic EPS of ¥97.55.
8952
JP¥116,400.00
Japan Real Estate Investment
7D
-1.9%
1Y
1.8%
Narrative Update • Apr 27

8952: New Acquisitions And Dividend Outlook Will Support Future Returns

Analysts have kept their price target for Japan real estate investment broadly unchanged at about ¥137,567, citing slightly higher assumed discount rates and P/E multiples, along with a marginally stronger long term profit margin outlook and more modest revenue growth expectations. What's in the News Raised earnings guidance for the six months ending September 30, 2026, with operating revenues now expected at ¥43,580 million, operating profit at ¥21,410 million and net profit at ¥19,110 million, reflecting the impact of recent property acquisitions and new investment units (Corporate Guidance: Raised).
8951
JP¥128,800.00
Nippon Building Fund
7D
-1.7%
1Y
-3.7%
Narrative Update • Apr 25

8951: Stable Fair Value And 2026 Distributions Will Support Upside Outlook

Analysts have maintained their price target for Nippon Building Fund at ¥150,250 while slightly adjusting key model inputs, including a modestly higher discount rate and a small change in assumed future P/E. These revisions reflect updated views on risk and valuation assumptions rather than a shift in the headline target.
8954
JP¥97,600.00
ORIX JREIT
7D
-1.2%
1Y
9.7%
8953
JP¥114,300.00
Japan Metropolitan Fund Investment
7D
-1.2%
1Y
17.5%
8804
JP¥3,475.00
Tokyo Tatemono
7D
-2.4%
1Y
32.7%
1925
JP¥4,773.00
Daiwa House Industry
7D
0.2%
1Y
-8.4%
3480
JP¥5,430.00
J.S.B.Co.Ltd
7D
2.5%
1Y
52.1%
3289
JP¥1,318.50
Tokyu Fudosan Holdings
7D
-1.2%
1Y
27.6%
8818
JP¥1,991.00
Keihanshin Building
7D
4.1%
1Y
29.3%
8960
JP¥171,700.00
United Urban Investment
7D
-2.0%
1Y
11.7%