Japanese (NIKKEI) Hotel and Resort REITs Industry Analysis

Industry Valuation and Performance

Has the Japanese Hotel and Resort REITs Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Tue, 26 May 2026	JP¥1.2t	JP¥125.2b	JP¥68.7b	16.6x	16.8x	9.2x
Thu, 23 Apr 2026	JP¥1.1t	JP¥125.2b	JP¥68.7b	15.3x	16.7x	9.2x
Sat, 21 Mar 2026	JP¥1.1t	JP¥125.2b	JP¥68.7b	15.2x	16.5x	9.1x
Mon, 16 Feb 2026	JP¥1.2t	JP¥119.3b	JP¥65.5b	18.5x	18.8x	10.3x
Wed, 14 Jan 2026	JP¥1.2t	JP¥118.9b	JP¥65.2b	18.1x	18.1x	9.9x
Fri, 12 Dec 2025	JP¥1.2t	JP¥117.5b	JP¥64.4b	18.3x	18.1x	9.9x
Sun, 09 Nov 2025	JP¥1.2t	JP¥117.5b	JP¥64.4b	19.2x	19x	10.4x
Tue, 07 Oct 2025	JP¥1.2t	JP¥117.5b	JP¥64.4b	19.5x	19.2x	10.5x
Thu, 04 Sep 2025	JP¥1.2t	JP¥117.3b	JP¥64.2b	18.3x	18.7x	10.2x
Sat, 02 Aug 2025	JP¥1.2t	JP¥105.4b	JP¥57.0b	23x	20.2x	10.9x
Mon, 30 Jun 2025	JP¥1.1t	JP¥104.4b	JP¥56.6b	21.5x	19.1x	10.3x
Wed, 28 May 2025	JP¥1.0t	JP¥104.4b	JP¥56.6b	20.7x	18.5x	10x
Fri, 25 Apr 2025	JP¥979.0b	JP¥104.4b	JP¥56.6b	19.4x	17.3x	9.4x
Sun, 23 Mar 2025	JP¥1.0t	JP¥97.7b	JP¥52.4b	20.2x	19.7x	10.6x
Tue, 18 Feb 2025	JP¥1.0t	JP¥90.9b	JP¥47.4b	22.5x	21.8x	11.4x
Thu, 16 Jan 2025	JP¥1.1t	JP¥90.0b	JP¥46.8b	23.6x	22.4x	11.7x
Sat, 14 Dec 2024	JP¥1.1t	JP¥90.0b	JP¥46.8b	23.1x	22.7x	11.8x
Mon, 11 Nov 2024	JP¥1.0t	JP¥90.0b	JP¥46.8b	22.1x	21.8x	11.3x
Wed, 09 Oct 2024	JP¥1.0t	JP¥90.3b	JP¥47.0b	22.6x	22x	11.4x
Fri, 06 Sep 2024	JP¥1.0t	JP¥89.6b	JP¥46.7b	22.9x	21.7x	11.3x
Sun, 04 Aug 2024	JP¥1.1t	JP¥81.0b	JP¥40.0b	24.6x	26.7x	13.2x
Tue, 02 Jul 2024	JP¥964.5b	JP¥80.9b	JP¥40.0b	25.4x	24.1x	11.9x
Thu, 30 May 2024	JP¥963.3b	JP¥80.5b	JP¥40.0b	26.8x	24.1x	12x
Sat, 27 Apr 2024	JP¥1.0t	JP¥80.5b	JP¥40.0b	27.2x	25.3x	12.6x
Mon, 25 Mar 2024	JP¥997.6b	JP¥80.5b	JP¥40.0b	27.9x	24.9x	12.4x
Wed, 21 Feb 2024	JP¥946.2b	JP¥67.4b	JP¥28.7b	29.7x	33x	14x
Fri, 19 Jan 2024	JP¥911.8b	JP¥66.8b	JP¥28.4b	28.4x	32x	13.6x
Sun, 17 Dec 2023	JP¥909.4b	JP¥66.8b	JP¥28.5b	27.8x	31.9x	13.6x
Tue, 14 Nov 2023	JP¥893.2b	JP¥66.8b	JP¥28.5b	27.7x	31.4x	13.4x
Thu, 12 Oct 2023	JP¥948.6b	JP¥66.3b	JP¥28.2b	31.7x	33.7x	14.3x
Sat, 09 Sep 2023	JP¥992.3b	JP¥66.3b	JP¥28.2b	33.7x	35.2x	15x
Mon, 07 Aug 2023	JP¥906.1b	JP¥52.2b	JP¥14.9b	36.9x	61x	17.4x
Wed, 05 Jul 2023	JP¥879.5b	JP¥52.3b	JP¥14.9b	36.5x	59x	16.8x
Fri, 02 Jun 2023	JP¥900.6b	JP¥51.5b	JP¥14.3b	45.7x	62.8x	17.5x

Current Industry PE

Investors are pessimistic on the Japanese Hotel and Resort REITs industry, indicating that they anticipate long term growth rates will be lower than they have historically.

The industry is trading at a PE ratio of 16.8x which is lower than its 3-year average PE of 26.2x.

The 3-year average PS ratio of 12.0x is higher than the industry's current PS ratio of 9.2x.

Past Earnings Growth

The earnings for companies in the Hotel and Resort REITs industry have grown 69% per year over the last three years.
Revenues for these companies have grown 34% 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 industry?


JP Market	3.42%
Real Estate	-0.60%
Hotel and Resort REITs	1.40%

Industry PEThere are no additional sub-industries under this industry.

Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

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

Company	Last Price	7D	1Y	Valuation
8963 Invincible Investment	JP¥61.50k	1.5% +JP¥6.9b	1.3%	PB1.3x
8985 Japan Hotel REIT Investment	JP¥76.60k	0.8% +JP¥3.5b	3.1%	PB1.5x
3287 Hoshino Resorts REIT	JP¥243.60k	1.2% +JP¥1.6b	2.2%	PB1x
3463 Ichigo Hotel REIT Investment	JP¥112.90k	2.8% +JP¥1.0b	-7.5%	PB0.9x
401A Kasumigaseki Hotel REIT Investment	JP¥97.00k	0.4% +JP¥114.9m	n/a	n/a

Company

Last Price

Valuation

8963 Invincible Investment

JP¥61.50k

1.5%
+JP¥6.9b

1.3%

PB1.3x

8985 Japan Hotel REIT Investment

JP¥76.60k

0.8%
+JP¥3.5b

3.1%

PB1.5x

3287 Hoshino Resorts REIT

JP¥243.60k

1.2%
+JP¥1.6b

2.2%

PB1x

3463 Ichigo Hotel REIT Investment

JP¥112.90k

2.8%
+JP¥1.0b

-7.5%

PB0.9x

401A Kasumigaseki Hotel REIT Investment

JP¥97.00k

0.4%
+JP¥114.9m

n/a

New minor risk - Shareholder dilution

The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (16% increase in shares outstanding).

Japanese (NIKKEI) Hotel and Resort REITs Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Upcoming dividend of JP¥2,039 per share

New minor risk - Shareholder dilution

Final dividend of JP¥3,016 announced

Upcoming dividend of JP¥6,500 per share

Final dividend of JP¥1,895 announced

Kasumigaseki Hotel REIT Investment Corporation announces Semi-Annual dividend