Has the Japanese REITS Industry valuation changed over the past few years?
|Fri, 26 Nov 2021||JP¥17.1t||JP¥1.4t||JP¥581.8b||26.8x|
|Sun, 24 Oct 2021||JP¥17.1t||JP¥1.3t||JP¥581.1b||25.9x|
|Tue, 21 Sep 2021||JP¥17.2t||JP¥1.3t||JP¥555.5b||26.3x|
|Thu, 19 Aug 2021||JP¥17.4t||JP¥1.3t||JP¥573.0b||26.5x|
|Thu, 03 Jun 2021||JP¥16.9t||JP¥1.3t||JP¥575.2b||26.1x|
|Sun, 07 Mar 2021||JP¥15.4t||JP¥1.3t||JP¥577.2b||24.2x|
|Wed, 09 Dec 2020||JP¥13.4t||JP¥1.3t||JP¥560.9b||20.6x|
|Tue, 01 Sep 2020||JP¥13.6t||JP¥1.3t||JP¥560.5b||20.9x|
|Fri, 05 Jun 2020||JP¥13.1t||JP¥1.3t||JP¥562.8b||20x|
|Mon, 09 Mar 2020||JP¥15.4t||JP¥1.3t||JP¥573.5b||25.2x|
|Sun, 01 Dec 2019||JP¥16.6t||JP¥1.3t||JP¥564.7b||27.6x|
|Wed, 04 Sep 2019||JP¥15.5t||JP¥1.3t||JP¥555.6b||25.6x|
|Sat, 08 Jun 2019||JP¥14.1t||JP¥1.2t||JP¥534.0b||24.4x|
|Fri, 01 Mar 2019||JP¥13.5t||JP¥1.2t||JP¥515.8b||23.4x|
|Mon, 03 Dec 2018||JP¥13.1t||JP¥1.2t||JP¥496.3b||23.8x|
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 23.9x. It appears they believe that earnings will grow in-line with historical growth rates.
Past Earnings Growth: The earnings for companies in the REITs industry have grown 5.4% per year over the last three years, and revenues for these companies have grown 4.9% per year. This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Which industries have driven the changes within the Japanese REITS industry?
|Hotel and Resort REITs||-1.89%|
Industry PE: Investors are most optimistic about the Hotel and Resort REITs industry which is trading above its 3-year average PE ratio of 29.9x. It looks like they are confident that earnings will grow faster in the future than they have historically. Meanwhile, investors are most pessimistic about the Diversified REITs industry, which is trading close to its 3-year average of 22.7x.
Forecasted Growth: Analysts are most optimistic on the Diversified REITs industry, expecting annual earnings growth of 9.0% over the next 5 years. This is better than it's past earnings growth rate of 3.0% per year. Meanwhile, the Residential REITs industry is expected to see its earnings grow by 2.7% per year over the next few years.
Which companies have driven the market over the last 7 days?
United Urban Investment
Daiwa Office Investment
Nippon Prologis REIT
Hoshino Resorts REIT
LaSalle LOGIPORT REIT
Japan Metropolitan Fund Investment
Nomura Real Estate Master Fund
Japan Real Estate Investment
Advance Residence Investment
Japan Hotel REIT Investment
Nippon Building Fund Incorporation
Invesco Office J-REIT