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Japanese (NIKKEI) REITS Industry Analysis

UpdatedMay 31, 2026
DataAggregated Company Financials
Companies19
  • 7D-0.4%
  • 3M-9.5%
  • 1Y4.6%
  • YTD-10.8%

In the last week, REITS has been flat. As for the the longer term, the industry is up 4.6% over the past 12 months. In the next few years earnings are forecast to be pretty stable.

Industry Valuation and Performance

Has the Japanese REITS Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 31 May 2026JP¥4.5tJP¥524.6bJP¥225.6b18.7x20.1x8.6x
Tue, 28 Apr 2026JP¥4.8tJP¥514.9bJP¥221.0b19.9x21.7x9.3x
Thu, 26 Mar 2026JP¥4.8tJP¥524.5bJP¥226.9b20x21.3x9.2x
Sat, 21 Feb 2026JP¥5.2tJP¥552.8bJP¥242.0b20.3x21.3x9.3x
Mon, 19 Jan 2026JP¥5.4tJP¥551.0bJP¥241.2b21.4x22.2x9.7x
Wed, 17 Dec 2025JP¥5.2tJP¥556.2bJP¥243.5b19.8x21.2x9.3x
Fri, 14 Nov 2025JP¥5.2tJP¥549.9bJP¥244.0b20.2x21.2x9.4x
Sun, 12 Oct 2025JP¥5.0tJP¥540.0bJP¥234.9b20x21.1x9.2x
Tue, 09 Sep 2025JP¥5.1tJP¥563.1bJP¥247.4b19.7x20.6x9.1x
Thu, 07 Aug 2025JP¥5.1tJP¥574.0bJP¥250.6b19.6x20.3x8.9x
Sat, 05 Jul 2025JP¥4.8tJP¥564.2bJP¥248.6b18.5x19.3x8.5x
Mon, 02 Jun 2025JP¥4.6tJP¥561.7bJP¥256.0b18.1x18.1x8.3x
Wed, 30 Apr 2025JP¥4.5tJP¥556.5bJP¥252.2b17.6x18x8.2x
Fri, 28 Mar 2025JP¥4.6tJP¥555.7bJP¥246.7b18.3x18.8x8.3x
Sun, 23 Feb 2025JP¥4.6tJP¥550.9bJP¥245.0b18.9x18.6x8.3x
Tue, 21 Jan 2025JP¥4.4tJP¥547.5bJP¥243.4b18.7x18x8x
Thu, 19 Dec 2024JP¥4.3tJP¥518.9bJP¥228.9b17.6x18.6x8.2x
Sat, 16 Nov 2024JP¥4.3tJP¥517.4bJP¥229.0b18x18.9x8.4x
Mon, 14 Oct 2024JP¥4.3tJP¥500.2bJP¥224.4b18.8x19.4x8.7x
Wed, 11 Sep 2024JP¥4.4tJP¥499.9bJP¥225.2b18.6x19.8x8.9x
Fri, 09 Aug 2024JP¥4.4tJP¥498.8bJP¥224.2b18.8x19.7x8.9x
Sun, 07 Jul 2024JP¥4.5tJP¥498.7bJP¥224.0b19.7x20.1x9x
Tue, 04 Jun 2024JP¥4.5tJP¥470.0bJP¥201.3b20.1x22.6x9.7x
Thu, 02 May 2024JP¥4.8tJP¥470.7bJP¥201.1b21x23.8x10.2x
Sat, 30 Mar 2024JP¥4.8tJP¥472.2bJP¥201.3b20.8x23.7x10.1x
Mon, 26 Feb 2024JP¥4.5tJP¥467.8bJP¥202.7b19.8x22.3x9.7x
Wed, 24 Jan 2024JP¥4.9tJP¥471.2bJP¥204.7b20.4x24.1x10.5x
Fri, 22 Dec 2023JP¥4.8tJP¥471.4bJP¥200.1b20.8x23.8x10.1x
Sun, 19 Nov 2023JP¥4.3tJP¥427.2bJP¥179.3b21.7x24x10.1x
Tue, 17 Oct 2023JP¥4.3tJP¥422.3bJP¥178.6b21.7x24.1x10.2x
Thu, 14 Sep 2023JP¥4.3tJP¥420.8bJP¥179.4b22.6x24.1x10.3x
Sat, 12 Aug 2023JP¥4.4tJP¥419.1bJP¥178.4b22.2x24.4x10.4x
Mon, 10 Jul 2023JP¥4.2tJP¥412.7bJP¥175.4b22.3x24.1x10.3x
Wed, 07 Jun 2023JP¥4.3tJP¥414.4bJP¥176.7b22.2x24.3x10.4x
Price to Earnings Ratio

24.3x


Total Market Cap: JP¥4.3tTotal Earnings: JP¥176.7bTotal Revenue: JP¥414.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese REITS Industry Price to Earnings3Y Average 21.3x202420252026
Current Industry PE
  • Investors are relatively neutral on the Japanese 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 21.3x.
  • The industry is trading close to its 3-year average PS ratio of 9.3x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have grown 8.5% per year over the last three years.
  • Revenues for these companies have grown 8.2% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Japanese Real Estate industry?

JP Market1.91%
Real Estate0.41%
REITS-0.39%
Office REITs1.52%
Hotel and Resort REITs0.88%
Retail REITs0.47%
Industrial REITs0.31%
Healthcare REITs-0.27%
Diversified REITs-0.39%
Residential REITs-0.69%
Industry PE
  • Investors are most optimistic about the Industrial REITs industry, which is trading close to its 3-year average PE ratio of 26.3x.
    • Analysts are expecting annual earnings decline of 1.6%, which is lower than the prior year's growth of 8.9% per year.
  • Investors are most pessimistic about the Hotel and Resort REITs industry, which is trading below its 3-year average of 25.6x.
Forecasted Growth
  • Analysts are most optimistic on the Hotel and Resort REITs industry, expecting annual earnings growth of 4.1% over the next 5 years.
  • However this is lower than its past earnings growth rate of 25% per year.
  • In contrast, the Retail REITs industry is expected to see its earnings decline by 2.8% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
8972 KDX Realty InvestmentJP¥159.00k1.2%
+JP¥7.7b		4.8%PB1x
8961 MORI TRUST REITJP¥74.00k1.5%
+JP¥3.9b		11.6%PB1.1x
8984 Daiwa House REIT InvestmentJP¥120.60k0.2%
+JP¥1.4b		0.5%PB1.1x
2971 ESCON JAPAN REIT InvestmentJP¥117.70k1.5%
+JP¥613.1m		1.6%PB1x
3295 Hulic ReitJP¥156.20k0.3%
+JP¥576.0m		3.2%PB1.1x

Latest News

2971
JP¥117,700.00
ESCON JAPAN REIT Investment
7D
1.5%
1Y
1.6%
3295
JP¥156,200.00
Hulic Reit
7D
0.3%
1Y
3.2%
8956
JP¥132,300.00
NTT UD REIT Investment
7D
0.2%
1Y
0.8%
8984
JP¥120,600.00
Daiwa House REIT Investment
7D
0.2%
1Y
0.5%
3462
JP¥152,600.00
Nomura Real Estate Master Fund
7D
-0.8%
1Y
5.5%
8961
JP¥74,000.00
MORI TRUST REIT
7D
1.5%
1Y
11.6%
3279
JP¥130,800.00
Activia Properties
7D
-1.7%
1Y
13.6%
8977
JP¥143,900.00
Hankyu Hanshin REIT
7D
-2.3%
1Y
-2.8%
8966
JP¥135,700.00
Heiwa Real Estate REIT
7D
-2.4%
1Y
6.3%
8960
JP¥162,200.00
United Urban Investment
7D
-2.3%
1Y
7.3%
2989
JP¥102,800.00
Tokaido REIT
7D
0.7%
1Y
-3.7%
8972
JP¥159,000.00
KDX Realty Investment
7D
1.2%
1Y
4.8%
3451
JP¥131,200.00
Tosei Reit Investment
7D
-0.6%
1Y
1.5%
3476
JP¥43,900.00
MIRAI
7D
-1.0%
1Y
2.6%
3492
JP¥82,800.00
MIRARTH Real Estate Investment
7D
-1.5%
1Y
-4.9%
3468
JP¥54,700.00
Star Asia Investment
7D
0.2%
1Y
-2.8%