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Japanese (NIKKEI) REITS Industry Analysis

UpdatedNov 21, 2024
DataAggregated Company Financials
Companies21
  • 7D1.2%
  • 3M-5.6%
  • 1Y-12.9%
  • YTD-9.1%

Over the last 7 days, the REITS industry has remained flat. As for the longer term, the industry has declined 13% in the last year. In the next few years, earnings are forecast to decline by 1.0% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 21 Nov 2024JP¥4.4tJP¥517.4bJP¥229.0b18.1x19.2x8.5x
Sat, 19 Oct 2024JP¥4.4tJP¥503.5bJP¥224.9b18.8x19.4x8.6x
Mon, 16 Sep 2024JP¥4.5tJP¥499.9bJP¥225.2b19.1x19.8x8.9x
Wed, 14 Aug 2024JP¥4.4tJP¥498.8bJP¥224.2b19.1x19.8x8.9x
Fri, 12 Jul 2024JP¥4.6tJP¥498.7bJP¥224.0b19.6x20.4x9.2x
Sun, 09 Jun 2024JP¥4.5tJP¥471.4bJP¥201.3b20.4x22.4x9.6x
Tue, 07 May 2024JP¥4.8tJP¥471.3bJP¥201.3b21.2x23.9x10.2x
Thu, 04 Apr 2024JP¥4.7tJP¥472.2bJP¥201.3b20.5x23.2x9.9x
Sat, 02 Mar 2024JP¥4.5tJP¥467.8bJP¥202.7b19.9x22.2x9.6x
Mon, 29 Jan 2024JP¥4.9tJP¥471.2bJP¥204.7b20.5x23.9x10.4x
Wed, 27 Dec 2023JP¥4.7tJP¥470.8bJP¥199.3b20.3x23.6x10x
Fri, 24 Nov 2023JP¥5.0tJP¥460.8bJP¥193.0b22x25.9x10.8x
Sun, 22 Oct 2023JP¥4.3tJP¥427.9bJP¥182.4b21.8x23.4x10x
Tue, 19 Sep 2023JP¥4.4tJP¥420.8bJP¥179.4b22.6x24.3x10.4x
Thu, 17 Aug 2023JP¥4.3tJP¥419.1bJP¥178.4b22x24.2x10.3x
Sat, 15 Jul 2023JP¥4.3tJP¥412.7bJP¥175.4b22.6x24.4x10.4x
Mon, 12 Jun 2023JP¥4.3tJP¥413.2bJP¥176.6b21.8x24.2x10.3x
Wed, 10 May 2023JP¥4.2tJP¥411.7bJP¥176.9b21.6x24x10.3x
Fri, 07 Apr 2023JP¥3.9tJP¥396.6bJP¥167.6b20.5x23x9.7x
Sun, 05 Mar 2023JP¥15.4tJP¥1.4tJP¥606.8b23.6x25.3x10.8x
Tue, 31 Jan 2023JP¥15.6tJP¥1.4tJP¥608.1b24.2x25.6x10.9x
Thu, 29 Dec 2022JP¥15.9tJP¥1.4tJP¥605.8b24.6x26.3x11.2x
Sat, 26 Nov 2022JP¥16.4tJP¥1.4tJP¥608.2b25.1x26.9x11.6x
Mon, 24 Oct 2022JP¥15.4tJP¥1.4tJP¥605.5b23.5x25.5x10.9x
Wed, 21 Sep 2022JP¥16.7tJP¥1.4tJP¥594.2b25.6x28.1x11.8x
Fri, 19 Aug 2022JP¥16.8tJP¥1.4tJP¥586.1b26.5x28.7x12x
Sun, 17 Jul 2022JP¥16.2tJP¥1.4tJP¥574.0b26.1x28.2x11.8x
Tue, 14 Jun 2022JP¥16.5tJP¥1.4tJP¥572.9b26.3x28.8x12x
Thu, 12 May 2022JP¥16.1tJP¥1.4tJP¥568.6b25.7x28.3x11.8x
Sat, 09 Apr 2022JP¥16.3tJP¥1.4tJP¥569.9b25.3x28.6x12x
Mon, 07 Mar 2022JP¥15.8tJP¥1.4tJP¥590.4b24.3x26.7x11.4x
Wed, 02 Feb 2022JP¥16.0tJP¥1.4tJP¥581.7b24.4x27.5x11.7x
Fri, 31 Dec 2021JP¥17.1tJP¥1.4tJP¥586.6b25.8x29.2x12.5x
Sun, 28 Nov 2021JP¥17.1tJP¥1.4tJP¥581.8b26.7x29.4x12.6x
Price to Earnings Ratio

29.4x


Total Market Cap: JP¥17.1tTotal Earnings: JP¥581.8bTotal Revenue: JP¥1.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese REITS Industry Price to Earnings3Y Average 24.8x202220232024
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 19.1x which is lower than its 3-year average PE of 24.8x.
  • The 3-year average PS ratio of 10.6x is higher than the industry's current PS ratio of 8.5x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have declined 27% per year over the last three years,
  • Revenues have also declined 27% 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 Estate0.31%
REITS1.20%
Office REITs1.34%
Diversified REITs1.20%
Residential REITs1.04%
Healthcare REITs0.95%
Hotel and Resort REITs0.88%
Industrial REITs0.81%
Retail REITs0.17%
Specialized REITs0%
Industry PE
  • Investors are most optimistic about the Residential REITs industry even though it's trading below its 3-year average PE ratio of 28.5x.
    • Analysts are expecting annual earnings growth of 0.7%, which is lower than the prior year's growth of 1.7% per year.
  • Investors are most pessimistic about the Healthcare REITs industry, which is trading below its 3-year average of 25.9x.
Forecasted Growth
  • Analysts are most optimistic on the Hotel and Resort REITs industry, expecting annual earnings growth of 9.4% 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 3.8% 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¥148.50k2.7%
+JP¥15.9b		-11.7%PB1x
3462 Nomura Real Estate Master FundJP¥141.70k1.6%
+JP¥10.7b		-16.5%PB1.1x
8960 United Urban InvestmentJP¥140.80k2.3%
+JP¥9.6b		-7.4%PB1.2x
3279 Activia PropertiesJP¥330.00k2.6%
+JP¥6.7b		-20.3%PB1x
8984 Daiwa House REIT InvestmentJP¥231.20k1.1%
+JP¥6.0b		-14.7%PB1x
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3279

JP¥330,000.00

Activia Properties

7D

2.6%

1Y

-20.3%

8960

JP¥140,800.00

United Urban Investment

7D

2.3%

1Y

-7.4%

8956

JP¥112,300.00

NTT UD REIT Investment

7D

2.7%

1Y

-12.3%

8961

JP¥61,500.00

MORI TRUST REIT

7D

1.7%

1Y

-16.6%

8972

JP¥148,500.00

KDX Realty Investment

7D

2.7%

1Y

-11.7%

8984

JP¥231,200.00

Daiwa House REIT Investment

7D

1.1%

1Y

-14.7%

3462

JP¥141,700.00

Nomura Real Estate Master Fund

7D

1.6%

1Y

-16.5%

8957

JP¥158,200.00

Tokyu REIT

7D

2.9%

1Y

-12.0%