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Japanese (NIKKEI) Office REITs Industry Analysis

UpdatedDec 10, 2025
DataAggregated Company Financials
Companies12
  • 7D-2.1%
  • 3M0.8%
  • 1Y21.9%
  • YTD20.3%

Over the last 7 days, the Office REITs industry has dropped 2.1%, driven by a pullback from Nippon Building Fund of 1.6%. Over the past 12 months, the industry was up 22%. As for the next few years, earnings are forecast to decline by 1.9% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 10 Dec 2025JP¥4.5tJP¥417.0bJP¥190.9b22.8x23.7x10.8x
Fri, 07 Nov 2025JP¥4.6tJP¥416.9bJP¥190.1b23.1x24.1x11x
Sun, 05 Oct 2025JP¥4.4tJP¥413.9bJP¥188.5b22.3x23.4x10.7x
Tue, 02 Sep 2025JP¥4.4tJP¥396.7bJP¥178.3b24.3x24.5x11x
Thu, 31 Jul 2025JP¥4.2tJP¥391.9bJP¥174.7b23.8x24x10.7x
Sat, 28 Jun 2025JP¥4.0tJP¥391.9bJP¥174.7b22.6x22.8x10.2x
Mon, 26 May 2025JP¥3.8tJP¥392.6bJP¥173.1b21.5x22.2x9.8x
Wed, 23 Apr 2025JP¥3.9tJP¥379.7bJP¥166.1b21.7x23.3x10.2x
Fri, 21 Mar 2025JP¥3.7tJP¥359.5bJP¥158.5b20.9x23.6x10.4x
Sun, 16 Feb 2025JP¥3.7tJP¥387.3bJP¥168.6b20.5x21.7x9.5x
Tue, 14 Jan 2025JP¥3.5tJP¥392.7bJP¥170.2b19.1x20.8x9x
Thu, 12 Dec 2024JP¥3.6tJP¥392.7bJP¥170.2b18.8x21x9.1x
Sat, 09 Nov 2024JP¥3.7tJP¥387.3bJP¥168.9b19.3x21.9x9.6x
Mon, 07 Oct 2024JP¥3.8tJP¥403.7bJP¥169.6b19.6x22.6x9.5x
Wed, 04 Sep 2024JP¥3.8tJP¥400.5bJP¥165.7b20.4x23.2x9.6x
Fri, 02 Aug 2024JP¥3.6tJP¥403.2bJP¥165.7b20x21.6x8.9x
Sun, 30 Jun 2024JP¥3.6tJP¥404.7bJP¥166.6b20x21.3x8.8x
Tue, 28 May 2024JP¥3.6tJP¥403.9bJP¥170.0b20.1x21.1x8.9x
Thu, 25 Apr 2024JP¥3.7tJP¥398.9bJP¥167.1b20.6x22.4x9.4x
Sat, 23 Mar 2024JP¥3.8tJP¥390.8bJP¥163.0b21.3x23.3x9.7x
Mon, 19 Feb 2024JP¥3.6tJP¥391.3bJP¥163.1b20.4x22.2x9.3x
Wed, 17 Jan 2024JP¥3.9tJP¥392.6bJP¥165.2b21.3x23.6x9.9x
Fri, 15 Dec 2023JP¥3.9tJP¥395.0bJP¥164.5b21.9x23.7x9.9x
Sun, 12 Nov 2023JP¥4.5tJP¥423.9bJP¥181.1b22x24.9x10.6x
Tue, 10 Oct 2023JP¥4.1tJP¥424.6bJP¥184.9b21.4x22.4x9.7x
Thu, 07 Sep 2023JP¥4.4tJP¥428.0bJP¥184.9b22.3x23.6x10.2x
Sat, 05 Aug 2023JP¥4.2tJP¥428.6bJP¥191.8b21.4x21.8x9.8x
Mon, 03 Jul 2023JP¥4.1tJP¥427.2bJP¥192.9b21.1x21.1x9.5x
Wed, 31 May 2023JP¥3.9tJP¥418.8bJP¥184.9b20.7x21.3x9.4x
Fri, 28 Apr 2023JP¥4.2tJP¥429.2bJP¥192.0b20.3x21.7x9.7x
Price to Earnings Ratio

21.8x


Total Market Cap: JP¥4.3tTotal Earnings: JP¥195.6bTotal Revenue: JP¥432.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Office REITs Industry Price to Earnings3Y Average 22.5x20242025
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 22.5x.
  • The 3-year average PS ratio of 9.8x 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 Market1.28%
Real Estate0.0084%
Office REITs-2.08%
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
8955 Japan Prime Realty InvestmentJP¥106.90k2.4%
+JP¥9.9b		33.2%PB1.5x

Latest News

3290
JP¥88,400.00
One REIT
7D
-1.7%
1Y
19.8%
8952
JP¥127,500.00
Japan Real Estate Investment
7D
-1.8%
1Y
16.8%

8952: Future Returns Will Remain Stable As Discount Rate Edges To 5.08%

Analysts have modestly revised their price target for Japan Real Estate Investment upward to ¥128,410. This change is supported by expectations of slightly improved profitability and stable long term valuation multiples, despite a marginally higher discount rate and softer revenue growth assumptions.
8954
JP¥104,100.00
ORIX JREIT
7D
-0.5%
1Y
28.2%
8955
JP¥106,900.00
Japan Prime Realty Investment
7D
2.4%
1Y
33.2%
3234
JP¥145,600.00
Mori Hills REIT Investment
7D
-0.7%
1Y
17.6%
8958
JP¥138,700.00
Global One Real Estate Investment
7D
-0.7%
1Y
45.4%
8976
JP¥368,500.00
Daiwa Office Investment
7D
-1.7%
1Y
27.3%
8975
JP¥96,900.00
Ichigo Office REIT Investment
7D
-2.3%
1Y
24.9%
8951
JP¥142,400.00
Nippon Building Fund
7D
-1.6%
1Y
15.7%