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Japanese (NIKKEI) Office REITs Industry Analysis

UpdatedJun 18, 2025
DataAggregated Company Financials
Companies11
  • 7D2.1%
  • 3M6.9%
  • 1Y15.8%
  • YTD11.0%

All of the companies in the Office REITs industry have been up over the last week, with the industry up 2.1%. This takes the industry's 12 month performance to a gain of 16%. Looking forward, earnings are forecast to decline by 2.2% per year.

Industry Valuation and Performance

Has the Japanese Office REITs Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 19 Jun 2025JP¥4.0tJP¥389.7bJP¥172.9b22.5x23.1x10.3x
Sat, 17 May 2025JP¥3.9tJP¥390.8bJP¥172.4b21.6x22.5x9.9x
Mon, 14 Apr 2025JP¥3.8tJP¥385.0bJP¥165.9b21.6x23.1x10x
Wed, 12 Mar 2025JP¥3.6tJP¥393.1bJP¥173.2b19.9x20.9x9.2x
Fri, 07 Feb 2025JP¥3.7tJP¥387.3bJP¥168.6b20.5x21.8x9.5x
Sun, 05 Jan 2025JP¥3.6tJP¥392.7bJP¥170.2b18.8x20.9x9.1x
Tue, 03 Dec 2024JP¥3.6tJP¥392.6bJP¥170.2b18.9x21.3x9.3x
Thu, 31 Oct 2024JP¥3.8tJP¥398.9bJP¥173.3b19.1x21.8x9.5x
Sat, 28 Sep 2024JP¥2.8tJP¥400.6bJP¥165.6b19.8x16.9x7x
Mon, 26 Aug 2024JP¥3.8tJP¥400.5bJP¥165.7b19.8x22.7x9.4x
Wed, 24 Jul 2024JP¥3.6tJP¥404.7bJP¥166.6b20x21.5x8.8x
Fri, 21 Jun 2024JP¥3.6tJP¥404.7bJP¥166.6b20x21.5x8.9x
Sun, 19 May 2024JP¥3.7tJP¥403.4bJP¥169.6b20.8x22x9.2x
Tue, 16 Apr 2024JP¥3.7tJP¥390.9bJP¥163.5b20.5x22.4x9.4x
Thu, 14 Mar 2024JP¥3.5tJP¥391.3bJP¥163.1b19.6x21.7x9x
Sat, 10 Feb 2024JP¥3.7tJP¥392.5bJP¥165.0b20x22.5x9.4x
Mon, 08 Jan 2024JP¥3.9tJP¥392.6bJP¥165.2b21.3x23.7x10x
Wed, 06 Dec 2023JP¥3.9tJP¥394.9bJP¥164.5b21.9x23.7x9.9x
Fri, 03 Nov 2023JP¥4.2tJP¥423.9bJP¥181.1b21.5x23x9.8x
Sun, 01 Oct 2023JP¥4.2tJP¥424.8bJP¥184.9b21.6x22.8x9.9x
Tue, 29 Aug 2023JP¥4.2tJP¥428.0bJP¥184.9b21.9x23x9.9x
Thu, 27 Jul 2023JP¥4.3tJP¥426.2bJP¥190.9b21.9x22.3x10x
Sat, 24 Jun 2023JP¥4.0tJP¥427.2bJP¥192.9b20.4x20.7x9.3x
Mon, 22 May 2023JP¥3.9tJP¥417.8bJP¥184.2b20.3x21.3x9.4x
Wed, 19 Apr 2023JP¥4.2tJP¥427.1bJP¥190.2b21.3x21.9x9.8x
Price to Earnings Ratio

21x


Total Market Cap: JP¥4.1tTotal Earnings: JP¥195.6bTotal Revenue: JP¥432.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Office REITs Industry Price to Earnings3Y Average 22.2x20242025
Current Industry PE
  • Investors are relatively neutral on the Japanese Office REITs 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 22.2x.
  • The industry is trading close to its 3-year average PS ratio of 9.5x.
Past Earnings Growth
  • The earnings for companies in the Office REITs industry have declined 4.0% per year over the last three years,
  • Revenues have also declined 3.4% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

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

JP Market0.088%
Real Estate1.35%
Office REITs2.07%
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?

CompanyLast Price7D1YValuation
8954 ORIX JREITJP¥188.40k1.3%
+JP¥6.6b		18.9%PB1.5x
8976 Daiwa Office InvestmentJP¥318.00k2.3%
+JP¥6.6b		12.8%PB1.2x
8958 Global One Real Estate InvestmentJP¥134.80k3.8%
+JP¥4.9b		34.4%PB1.3x
3234 Mori Hills REIT InvestmentJP¥134.10k1.1%
+JP¥2.7b		2.4%PB1.2x
8975 Ichigo Office REIT InvestmentJP¥90.30k1.8%
+JP¥2.5b		11.2%PB1.3x

Latest News

8975

JP¥90,300.00

Ichigo Office REIT Investment

7D

1.8%

1Y

11.2%

8952

JP¥119,500.00

Japan Real Estate Investment

7D

0.3%

1Y

17.4%

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Rising Rates Will Depress Office Values In Tokyo

Reliance on low interest rates, strong occupancy, and premium rents faces risk from demographic decline, office oversupply, and potential rate normalization in Japan.

8958

JP¥134,800.00

Global One Real Estate Investment

7D

3.8%

1Y

34.4%

8987

JP¥134,100.00

Japan Excellent

7D

1.1%

1Y

10.8%

3290

JP¥252,200.00

One REIT

7D

2.7%

1Y

-1.8%

8955

JP¥371,500.00

Japan Prime Realty Investment

7D

1.0%

1Y

13.1%

8976

JP¥318,000.00

Daiwa Office Investment

7D

2.3%

1Y

12.8%

8954

JP¥188,400.00

ORIX JREIT

7D

1.3%

1Y

18.9%

3234

JP¥134,100.00

Mori Hills REIT Investment

7D

1.1%

1Y

2.4%

8951

JP¥131,900.00

Nippon Building Fund

7D

-0.2%

1Y

13.1%