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Japanese (NIKKEI) REITS Industry Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies21
- 7D0.3%
- 3M-5.3%
- 1Y-10.3%
- YTD-10.9%
The REITS is pretty flat in the last 7 days, but Sekisui House Reit has stood out, gaining 3.2%. As for the longer term, the industry has declined 10% in the last year. Looking forward, earnings are forecast to decline by 4.5% per year.
Industry Valuation and Performance
Has the Japanese REITS Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 22 Dec 2024 | JP¥4.3t | JP¥547.4b | JP¥243.9b | 17.4x | 17.6x | 7.9x |
| Tue, 19 Nov 2024 | JP¥4.4t | JP¥517.4b | JP¥229.0b | 18x | 19x | 8.4x |
| Thu, 17 Oct 2024 | JP¥4.3t | JP¥503.5b | JP¥224.9b | 18.7x | 19.2x | 8.6x |
| Sat, 14 Sep 2024 | JP¥4.5t | JP¥499.9b | JP¥225.2b | 19.1x | 19.8x | 8.9x |
| Mon, 12 Aug 2024 | JP¥4.4t | JP¥498.8b | JP¥224.2b | 18.7x | 19.5x | 8.8x |
| Wed, 10 Jul 2024 | JP¥4.5t | JP¥498.7b | JP¥224.0b | 19.7x | 20.1x | 9x |
| Fri, 07 Jun 2024 | JP¥4.6t | JP¥471.4b | JP¥201.3b | 20.5x | 22.7x | 9.7x |
| Sun, 05 May 2024 | JP¥4.8t | JP¥471.3b | JP¥201.3b | 21.2x | 23.9x | 10.2x |
| Tue, 02 Apr 2024 | JP¥4.8t | JP¥472.2b | JP¥201.3b | 21x | 23.6x | 10.1x |
| Thu, 29 Feb 2024 | JP¥4.5t | JP¥467.8b | JP¥202.7b | 20x | 22.4x | 9.7x |
| Sat, 27 Jan 2024 | JP¥4.9t | JP¥471.2b | JP¥204.7b | 20.5x | 23.9x | 10.4x |
| Mon, 25 Dec 2023 | JP¥4.8t | JP¥470.8b | JP¥199.3b | 20.8x | 23.9x | 10.1x |
| Wed, 22 Nov 2023 | JP¥5.0t | JP¥460.8b | JP¥193.0b | 21.9x | 25.9x | 10.8x |
| Fri, 20 Oct 2023 | JP¥4.3t | JP¥426.9b | JP¥181.4b | 22.1x | 23.8x | 10.1x |
| Sun, 17 Sep 2023 | JP¥4.4t | JP¥420.8b | JP¥179.4b | 22.6x | 24.3x | 10.4x |
| Tue, 15 Aug 2023 | JP¥4.3t | JP¥419.1b | JP¥178.4b | 22.1x | 24.3x | 10.4x |
| Thu, 13 Jul 2023 | JP¥4.3t | JP¥412.7b | JP¥175.4b | 22.4x | 24.2x | 10.3x |
| Sat, 10 Jun 2023 | JP¥4.3t | JP¥413.2b | JP¥176.6b | 21.8x | 24.2x | 10.3x |
| Mon, 08 May 2023 | JP¥4.2t | JP¥411.7b | JP¥176.9b | 21.7x | 23.8x | 10.2x |
| Wed, 05 Apr 2023 | JP¥3.9t | JP¥396.6b | JP¥167.6b | 20.7x | 23.3x | 9.9x |
| Fri, 03 Mar 2023 | JP¥15.3t | JP¥1.4t | JP¥606.8b | 23.5x | 25.2x | 10.7x |
| Sun, 29 Jan 2023 | JP¥15.5t | JP¥1.4t | JP¥608.1b | 24.1x | 25.5x | 10.9x |
| Tue, 27 Dec 2022 | JP¥15.7t | JP¥1.4t | JP¥605.8b | 24.3x | 25.9x | 11x |
| Thu, 24 Nov 2022 | JP¥16.3t | JP¥1.4t | JP¥609.9b | 24.9x | 26.7x | 11.5x |
| Sat, 22 Oct 2022 | JP¥15.4t | JP¥1.4t | JP¥605.5b | 23.5x | 25.5x | 10.9x |
| Mon, 19 Sep 2022 | JP¥16.9t | JP¥1.4t | JP¥594.1b | 25.8x | 28.4x | 12x |
| Wed, 17 Aug 2022 | JP¥16.9t | JP¥1.4t | JP¥581.3b | 26.7x | 29x | 12.1x |
| Fri, 15 Jul 2022 | JP¥16.3t | JP¥1.4t | JP¥573.5b | 26.3x | 28.4x | 11.9x |
| Sun, 12 Jun 2022 | JP¥16.6t | JP¥1.4t | JP¥572.9b | 26.6x | 29x | 12.1x |
| Tue, 10 May 2022 | JP¥16.3t | JP¥1.4t | JP¥568.6b | 26.1x | 28.8x | 12x |
| Thu, 07 Apr 2022 | JP¥16.7t | JP¥1.4t | JP¥569.9b | 26.1x | 29.2x | 12.2x |
| Sat, 05 Mar 2022 | JP¥15.8t | JP¥1.4t | JP¥590.4b | 24.3x | 26.7x | 11.4x |
| Mon, 31 Jan 2022 | JP¥16.1t | JP¥1.4t | JP¥581.7b | 24.3x | 27.8x | 11.8x |
| Wed, 29 Dec 2021 | JP¥17.0t | JP¥1.4t | JP¥586.6b | 25.3x | 29.1x | 12.5x |
Price to Earnings Ratio
29.1x
Current Industry PE
- Investors are pessimistic on the Japanese REITs industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 17.6x which is lower than its 3-year average PE of 24.6x.
- The 3-year average PS ratio of 10.5x is higher than the industry's current PS ratio of 7.9x.
Past Earnings Growth
- The earnings for companies in the REITs industry have declined 25% per year over the last three years,
- Revenues have also declined 26% 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 | -1.46% | |
| Real Estate | -0.079% | |
| REITS | 0.34% | |
| Diversified REITs | 0.34% | |
| Specialized REITs | 0% | |
| Healthcare REITs | -0.19% | |
| Residential REITs | -0.47% | |
| Office REITs | -0.75% | |
| Retail REITs | -0.79% | |
| Hotel and Resort REITs | -1.11% | |
| Industrial REITs | -1.81% | |
Industry PE
- Investors are most optimistic about the Residential REITs industry even though it's trading below its 3-year average PE ratio of 28.4x.
- Analysts are expecting annual earnings growth of 0.5%, which is lower than the prior year's growth of 3.0% per year.
- Investors are most pessimistic about the Diversified REITs industry, which is trading below its 3-year average of 23.3x.
Forecasted Growth
- Analysts are most optimistic on the Hotel and Resort REITs industry, expecting annual earnings growth of 8.8% over the next 5 years.
- However this is lower than its past earnings growth rate of 37% per year.
- In contrast, the Office REITs industry is expected to see its earnings decline by 5.2% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 3309 Sekisui House Reit | JP¥74.90k | 3.2% +JP¥10.1b | -1.7% | PB1.1x | |
| 8956 NTT UD REIT Investment | JP¥117.50k | 5.3% +JP¥8.7b | -6.2% | PB1.2x | |
| 3295 Hulic Reit | JP¥134.90k | 2.7% +JP¥5.0b | -8.5% | PB1x | |
| 8960 United Urban Investment | JP¥137.30k | 1.2% +JP¥4.9b | -4.0% | PB1.2x | |
| 8972 KDX Realty Investment | JP¥146.70k | 0.5% +JP¥2.9b | -7.2% | PB0.9x |