Japanese (NIKKEI) Office REITs Industry Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies12
- 7D-2.0%
- 3M-4.3%
- 1Y-10.3%
- YTD-6.9%
Over the last 7 days, the Office REITs industry has dropped 1.3%, driven by declines from every company within the industry. Overall the industry is down 10% in 12 months. Looking forward, earnings are forecast to decline by 2.3% per year.
Industry Valuation and Performance
Has the Japanese Office REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | JP¥3.6t | JP¥404.7b | JP¥166.6b | 19.9x | 21.4x | 8.8x |
| Sun, 23 Jun 2024 | JP¥3.6t | JP¥404.7b | JP¥166.6b | 20x | 21.5x | 8.9x |
| Tue, 21 May 2024 | JP¥3.7t | JP¥403.4b | JP¥169.6b | 20.8x | 21.8x | 9.2x |
| Thu, 18 Apr 2024 | JP¥3.7t | JP¥395.8b | JP¥163.5b | 20.4x | 22.6x | 9.3x |
| Sat, 16 Mar 2024 | JP¥3.6t | JP¥391.3b | JP¥163.1b | 20.3x | 22.2x | 9.3x |
| Mon, 12 Feb 2024 | JP¥3.7t | JP¥392.5b | JP¥165.0b | 20x | 22.5x | 9.4x |
| Wed, 10 Jan 2024 | JP¥3.9t | JP¥392.6b | JP¥165.2b | 21.3x | 23.6x | 9.9x |
| Fri, 08 Dec 2023 | JP¥3.9t | JP¥395.0b | JP¥164.5b | 21.5x | 23.6x | 9.8x |
| Sun, 05 Nov 2023 | JP¥4.2t | JP¥423.9b | JP¥181.1b | 21.5x | 23x | 9.8x |
| Tue, 03 Oct 2023 | JP¥4.2t | JP¥424.8b | JP¥184.9b | 21.4x | 22.6x | 9.8x |
| Thu, 31 Aug 2023 | JP¥4.3t | JP¥428.0b | JP¥184.9b | 21.9x | 23.2x | 10x |
| Sat, 29 Jul 2023 | JP¥4.2t | JP¥427.3b | JP¥191.5b | 21.7x | 22.1x | 9.9x |
| Mon, 26 Jun 2023 | JP¥4.0t | JP¥427.2b | JP¥192.9b | 20.4x | 20.7x | 9.3x |
| Wed, 24 May 2023 | JP¥3.9t | JP¥417.8b | JP¥184.2b | 20.3x | 21.4x | 9.4x |
| Fri, 21 Apr 2023 | JP¥4.2t | JP¥427.1b | JP¥190.2b | 21.2x | 22.1x | 9.8x |
Price to Earnings Ratio
21.3x
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 22.3x.
- The industry is trading close to its 3-year average PS ratio of 9.6x.
Past Earnings Growth
- The earnings for companies in the Office REITs industry have declined 5.2% per year over the last three years,
- Revenues have also declined 2.2% 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 Market | -5.18% | |
| Real Estate | -3.72% | |
| Office REITs | -1.96% | |
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 | |
|---|---|---|---|---|---|
| 8951 Nippon Building Fund | JP¥578.00k | 0.2% +JP¥1.7b | -6.8% | PB1.4x | |
| 3290 One REIT | JP¥260.30k | 0.6% +JP¥429.5m | -0.1% | PB1.1x |