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Japanese (NIKKEI) REITS Industry Analysis

UpdatedAug 25, 2025
DataAggregated Company Financials
Companies21
  • 7D1.4%
  • 3M11.9%
  • 1Y11.7%
  • YTD16.0%

Over the last 7 days, the REITS industry has risen 1.4%, driven by gains in KDX Realty Investment and United Urban Investment of 1.4% and 1.7%, respectively. This means that the industry has gained 12% over the past year. As for the next few years, earnings are forecast to decline by 1.5% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 25 Aug 2025JP¥5.2tJP¥576.1bJP¥252.1b19.7x20.5x9x
Wed, 23 Jul 2025JP¥4.9tJP¥566.1bJP¥249.2b19x19.6x8.6x
Fri, 20 Jun 2025JP¥4.8tJP¥564.2bJP¥248.6b18.6x19.1x8.4x
Sun, 18 May 2025JP¥4.6tJP¥561.7bJP¥256.0b18x18.1x8.3x
Tue, 15 Apr 2025JP¥4.6tJP¥556.6bJP¥247.6b17.8x18.5x8.2x
Thu, 13 Mar 2025JP¥4.4tJP¥551.2bJP¥245.1b18.5x18.1x8x
Sat, 08 Feb 2025JP¥4.5tJP¥549.8bJP¥244.1b18.7x18.6x8.3x
Mon, 06 Jan 2025JP¥4.4tJP¥547.9bJP¥244.2b18.1x18x8x
Wed, 04 Dec 2024JP¥4.3tJP¥514.8bJP¥229.2b17.9x19x8.4x
Fri, 01 Nov 2024JP¥4.3tJP¥505.8bJP¥224.6b18.3x19.1x8.5x
Sun, 29 Sep 2024JP¥4.5tJP¥500.0bJP¥224.4b19.9x20.1x9x
Tue, 27 Aug 2024JP¥4.6tJP¥499.9bJP¥225.2b19.3x20.3x9.1x
Thu, 25 Jul 2024JP¥4.5tJP¥498.8bJP¥224.2b19.7x20.1x9.1x
Sat, 22 Jun 2024JP¥4.5tJP¥498.7bJP¥224.0b20x20.2x9.1x
Mon, 20 May 2024JP¥4.7tJP¥471.3bJP¥201.3b21.1x23.6x10.1x
Wed, 17 Apr 2024JP¥4.7tJP¥472.2bJP¥201.3b20.9x23.4x10x
Fri, 15 Mar 2024JP¥4.5tJP¥467.8bJP¥202.7b20.5x22x9.5x
Sun, 11 Feb 2024JP¥4.7tJP¥467.5bJP¥202.5b20.2x23.1x10x
Tue, 09 Jan 2024JP¥4.9tJP¥467.1bJP¥201.8b20.9x24.1x10.4x
Thu, 07 Dec 2023JP¥4.9tJP¥461.3bJP¥193.3b21.9x25.5x10.7x
Sat, 04 Nov 2023JP¥4.3tJP¥427.9bJP¥182.4b21.7x23.6x10x
Mon, 02 Oct 2023JP¥4.3tJP¥420.8bJP¥179.4b22.3x24x10.3x
Wed, 30 Aug 2023JP¥4.4tJP¥419.4bJP¥178.4b22.9x24.8x10.6x
Fri, 28 Jul 2023JP¥4.3tJP¥419.2bJP¥178.4b22.2x24.3x10.3x
Sun, 25 Jun 2023JP¥4.2tJP¥412.7bJP¥175.4b21.4x23.9x10.2x
Tue, 23 May 2023JP¥4.3tJP¥411.7bJP¥176.9b21.8x24.2x10.4x
Thu, 20 Apr 2023JP¥3.9tJP¥396.4bJP¥166.9b21x23.4x9.8x
Sat, 18 Mar 2023JP¥14.9tJP¥1.4tJP¥607.7b22.6x24.5x10.4x
Mon, 13 Feb 2023JP¥15.3tJP¥1.4tJP¥608.7b23.6x25.1x10.7x
Wed, 11 Jan 2023JP¥15.6tJP¥1.4tJP¥605.7b24.2x25.7x10.9x
Fri, 09 Dec 2022JP¥16.2tJP¥1.4tJP¥614.5b24.4x26.3x11.4x
Sun, 06 Nov 2022JP¥16.2tJP¥1.4tJP¥606.8b24.4x26.7x11.4x
Tue, 04 Oct 2022JP¥16.2tJP¥1.4tJP¥594.4b25x27.2x11.5x
Thu, 01 Sep 2022JP¥16.8tJP¥1.4tJP¥590.9b26.7x28.5x12x
Price to Earnings Ratio

28.5x


Total Market Cap: JP¥16.8tTotal Earnings: JP¥590.9bTotal Revenue: JP¥1.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese REITS Industry Price to Earnings3Y Average 22.4x202320242025
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 22.4x.
  • The industry is trading close to its 3-year average PS ratio of 9.7x.
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-0.068%
Real Estate1.55%
REITS1.36%
Residential REITs2.08%
Office REITs2.07%
Diversified REITs1.36%
Healthcare REITs1.20%
Industrial REITs0.79%
Retail REITs0.76%
Hotel and Resort REITs-0.016%
Industry PE
  • Investors are most optimistic about the Residential REITs industry, which is trading close to its 3-year average PE ratio of 26.6x.
    • Analysts are expecting annual earnings growth of 1.1%, which is lower than the prior year's growth of 4.9% per year.
  • Investors are most pessimistic about the Healthcare REITs industry, which is trading below its 3-year average of 23.1x.
Forecasted Growth
  • Analysts are most optimistic on the Hotel and Resort REITs industry, expecting annual earnings growth of 6.6% over the next 5 years.
  • However this is lower than its past earnings growth rate of 39% per year.
  • In contrast, the Office REITs industry is expected to see its earnings decline by 2.6% 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¥168.20k1.4%
+JP¥9.3b		5.9%PB1.1x
8960 United Urban InvestmentJP¥177.40k1.7%
+JP¥9.2b		22.2%PB1.5x
3462 Nomura Real Estate Master FundJP¥164.10k0.9%
+JP¥6.5b		7.7%PB1.3x
3295 Hulic ReitJP¥168.20k1.9%
+JP¥4.6b		17.5%PB1.2x
3279 Activia PropertiesJP¥135.10k1.4%
+JP¥4.3b		15.3%PB1.2x

Latest News

8984
JP¥261,000.00
Daiwa House REIT Investment
7D
0.5%
1Y
8.4%
8972
JP¥168,200.00
KDX Realty Investment
7D
1.4%
1Y
5.9%
3295
JP¥168,200.00
Hulic Reit
7D
1.9%
1Y
17.5%
3470
JP¥113,200.00
Marimo Regional Revitalization REIT
7D
-1.4%
1Y
-8.3%
3492
JP¥95,500.00
Takara Leben Real Estate Investment
7D
-0.2%
1Y
-2.9%
3296
JP¥97,600.00
NIPPON REIT Investment
7D
2.1%
1Y
20.1%
3279
JP¥135,100.00
Activia Properties
7D
1.4%
1Y
15.3%
3309
JP¥81,000.00
Sekisui House Reit
7D
1.0%
1Y
-2.8%
3462
JP¥164,100.00
Nomura Real Estate Master Fund
7D
0.9%
1Y
7.7%
2971
JP¥125,800.00
ESCON JAPAN REIT Investment
7D
-0.8%
1Y
4.7%
8960
JP¥177,400.00
United Urban Investment
7D
1.7%
1Y
22.2%