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Japanese (NIKKEI) Office REITs Industry Analysis
UpdatedOct 23, 2025
DataAggregated Company Financials
Companies12
- 7D2.3%
- 3M5.4%
- 1Y17.8%
- YTD20.3%
All of the companies in the Office REITs industry have been up over the last week, with the industry up 1.9%. This takes the industry's 12 month performance to a gain of 17%. In the next few years, earnings are forecast to decline by 2.0% annually.
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 |
|---|---|---|---|---|---|---|
| Thu, 23 Oct 2025 | JP¥4.5t | JP¥417.1b | JP¥190.1b | 22.8x | 23.8x | 10.8x |
| Sat, 20 Sep 2025 | JP¥4.3t | JP¥396.5b | JP¥178.9b | 23.9x | 24.2x | 10.9x |
| Mon, 18 Aug 2025 | JP¥4.3t | JP¥396.7b | JP¥178.3b | 23.6x | 23.9x | 10.7x |
| Wed, 16 Jul 2025 | JP¥4.0t | JP¥391.9b | JP¥174.7b | 23.1x | 23.1x | 10.3x |
| Fri, 13 Jun 2025 | JP¥4.0t | JP¥389.7b | JP¥172.9b | 22.4x | 22.9x | 10.2x |
| Sun, 11 May 2025 | JP¥3.9t | JP¥390.8b | JP¥172.4b | 21.5x | 22.5x | 9.9x |
| Tue, 08 Apr 2025 | JP¥3.6t | JP¥359.5b | JP¥158.5b | 20.4x | 23x | 10.2x |
| Thu, 06 Mar 2025 | JP¥3.7t | JP¥393.1b | JP¥173.2b | 20.1x | 21.1x | 9.3x |
| Sat, 01 Feb 2025 | JP¥3.7t | JP¥394.2b | JP¥171.2b | 20.3x | 21.4x | 9.3x |
| Mon, 30 Dec 2024 | JP¥3.6t | JP¥392.7b | JP¥170.2b | 18.9x | 21x | 9.1x |
| Wed, 27 Nov 2024 | JP¥3.7t | JP¥391.3b | JP¥170.7b | 19.3x | 21.6x | 9.4x |
| Fri, 25 Oct 2024 | JP¥3.7t | JP¥398.9b | JP¥173.3b | 19x | 21.6x | 9.4x |
| Sun, 22 Sep 2024 | JP¥3.9t | JP¥400.6b | JP¥165.6b | 19.6x | 23.4x | 9.7x |
| Tue, 20 Aug 2024 | JP¥3.7t | JP¥402.8b | JP¥165.4b | 20x | 22.6x | 9.3x |
| Thu, 18 Jul 2024 | JP¥3.6t | JP¥404.7b | JP¥166.6b | 20.3x | 21.8x | 9x |
| Sat, 15 Jun 2024 | JP¥3.6t | JP¥408.8b | JP¥169.9b | 19.8x | 21x | 8.7x |
| Mon, 13 May 2024 | JP¥3.7t | JP¥399.3b | JP¥167.1b | 20.7x | 22.2x | 9.3x |
| Wed, 10 Apr 2024 | JP¥3.7t | JP¥390.9b | JP¥163.5b | 20.9x | 22.9x | 9.6x |
| Fri, 08 Mar 2024 | JP¥3.5t | JP¥391.3b | JP¥163.1b | 19.8x | 21.7x | 9.1x |
| Sun, 04 Feb 2024 | JP¥3.8t | JP¥392.4b | JP¥164.9b | 20.7x | 23.1x | 9.7x |
| Tue, 02 Jan 2024 | JP¥3.9t | JP¥393.5b | JP¥165.2b | 21x | 23.4x | 9.8x |
| Thu, 30 Nov 2023 | JP¥3.9t | JP¥395.1b | JP¥167.7b | 21.8x | 23.1x | 9.8x |
| Sat, 28 Oct 2023 | JP¥4.2t | JP¥424.1b | JP¥181.1b | 21.5x | 23.3x | 9.9x |
| Mon, 25 Sep 2023 | JP¥4.2t | JP¥424.8b | JP¥184.9b | 21.5x | 23x | 10x |
| Wed, 23 Aug 2023 | JP¥4.1t | JP¥428.0b | JP¥184.9b | 21.6x | 22.4x | 9.7x |
| Fri, 21 Jul 2023 | JP¥4.2t | JP¥427.4b | JP¥192.9b | 21x | 21.8x | 9.9x |
| Sun, 18 Jun 2023 | JP¥4.0t | JP¥423.9b | JP¥187.8b | 20.4x | 21.4x | 9.5x |
| Tue, 16 May 2023 | JP¥4.0t | JP¥416.7b | JP¥184.1b | 20.4x | 21.5x | 9.5x |
| Thu, 13 Apr 2023 | JP¥4.1t | JP¥427.0b | JP¥190.5b | 21.1x | 21.7x | 9.7x |
Price to Earnings Ratio
21.2x
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 22.4x.
- The 3-year average PS ratio of 9.7x is lower than the industry's current PS ratio of 10.8x.
Past Earnings Growth
- Both revenue and earnings for companies in the Office REITs industry have remained mostly flat over the last three years.
- This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.
Industry Trends
Which industries have driven the changes within the Japanese Real Estate industry?
| JP Market | 2.61% | |
| Real Estate | 2.20% | |
| Office REITs | 2.32% | |
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¥140.90k | 1.8% +JP¥21.6b | 7.6% | PB1.7x | |
| 8952 Japan Real Estate Investment | JP¥127.90k | 2.3% +JP¥20.6b | 14.6% | PB1.7x | |
| 8954 ORIX JREIT | JP¥102.50k | 2.5% +JP¥13.8b | 31.3% | PB1.6x | |
| 8976 Daiwa Office Investment | JP¥373.00k | 3.3% +JP¥11.3b | 24.9% | PB1.4x | |
| 8955 Japan Prime Realty Investment | JP¥104.80k | 2.6% +JP¥10.6b | 23.8% | PB1.5x |