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Japanese (NIKKEI) Office REITs Industry Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies11
- 7D1.3%
- 3M0.8%
- 1Y-2.3%
- YTD-1.2%
Over the last 7 days, the Office REITs industry has remained flat, although notably ORIX JREIT gained 3.7%. In line with that, the industry has also been flat over the past 12 months. In the next few years, earnings are forecast to decline by 3.8% 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, 21 Nov 2024 | JP¥3.7t | JP¥391.3b | JP¥170.7b | 19.3x | 21.7x | 9.5x |
| Sat, 19 Oct 2024 | JP¥3.8t | JP¥398.4b | JP¥169.7b | 19.4x | 22.2x | 9.5x |
| Mon, 16 Sep 2024 | JP¥3.9t | JP¥400.5b | JP¥165.7b | 20x | 23.6x | 9.8x |
| Wed, 14 Aug 2024 | JP¥3.7t | JP¥403.4b | JP¥166.0b | 19.6x | 22.1x | 9.1x |
| Fri, 12 Jul 2024 | JP¥3.5t | JP¥404.7b | JP¥166.6b | 20x | 21.3x | 8.8x |
| Sun, 09 Jun 2024 | JP¥3.6t | JP¥408.8b | JP¥169.9b | 19.8x | 21.1x | 8.8x |
| Tue, 07 May 2024 | JP¥3.8t | JP¥399.3b | JP¥167.1b | 20.8x | 22.6x | 9.5x |
| Thu, 04 Apr 2024 | JP¥3.7t | JP¥390.9b | JP¥163.5b | 20.5x | 22.4x | 9.4x |
| Sat, 02 Mar 2024 | JP¥3.6t | JP¥391.3b | JP¥163.1b | 20.2x | 22.2x | 9.2x |
| Mon, 29 Jan 2024 | JP¥3.8t | JP¥392.4b | JP¥164.9b | 21.2x | 23.1x | 9.7x |
| Wed, 27 Dec 2023 | JP¥3.8t | JP¥393.8b | JP¥164.2b | 21.3x | 23.3x | 9.7x |
| Fri, 24 Nov 2023 | JP¥3.9t | JP¥395.1b | JP¥167.7b | 21.5x | 23.1x | 9.8x |
| Sun, 22 Oct 2023 | JP¥4.1t | JP¥424.5b | JP¥184.9b | 21.3x | 22.3x | 9.7x |
| Tue, 19 Sep 2023 | JP¥4.3t | JP¥424.8b | JP¥184.9b | 21.9x | 23.1x | 10x |
| Thu, 17 Aug 2023 | JP¥4.2t | JP¥428.6b | JP¥191.8b | 21.6x | 22x | 9.9x |
| Sat, 15 Jul 2023 | JP¥4.1t | JP¥427.4b | JP¥192.9b | 20.7x | 21.5x | 9.7x |
| Mon, 12 Jun 2023 | JP¥4.0t | JP¥418.8b | JP¥184.4b | 20.6x | 21.7x | 9.6x |
| Wed, 10 May 2023 | JP¥4.0t | JP¥416.7b | JP¥184.1b | 20.4x | 21.6x | 9.5x |
| Fri, 07 Apr 2023 | JP¥4.2t | JP¥432.2b | JP¥195.6b | 20.8x | 21.4x | 9.7x |
Price to Earnings Ratio
21.4x
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 9.5x.
Past Earnings Growth
- The earnings for companies in the Office REITs industry have declined 4.4% per year over the last three years,
- Revenues have also declined 3.3% 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 | -0.44% | |
| Real Estate | 0.31% | |
| Office REITs | 1.34% | |
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 | |
|---|---|---|---|---|---|
| 8954 ORIX JREIT | JP¥166.50k | 4.7% +JP¥20.7b | -2.9% | PB1.3x | |
| 8952 Japan Real Estate Investment | JP¥557.00k | 0.9% +JP¥7.1b | -1.9% | PB1.5x | |
| 8955 Japan Prime Realty Investment | JP¥332.50k | 1.1% +JP¥3.5b | -6.5% | PB1.2x | |
| 8987 Japan Excellent | JP¥118.60k | 1.7% +JP¥2.7b | -9.7% | PB1.1x | |
| 8975 Ichigo Office REIT Investment | JP¥79.20k | 1.9% +JP¥2.3b | -6.8% | PB1.2x |