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Japanese (NIKKEI) REITS Industry Analysis

UpdatedNov 26, 2021
DataAggregated Company Financials
Companies62
  • 7D0.8%
  • 3M-4.6%
  • 1Y21.9%
  • YTD17.8%

Over the last 7 days, the REITS industry has remained flat, although notably Invesco Office J-REIT declined by 100%. As for the the longer term, the industry is up 22% over the past 12 months.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPE
Fri, 26 Nov 2021JP¥17.1tJP¥1.4tJP¥581.8b26.8x
Sun, 24 Oct 2021JP¥17.1tJP¥1.3tJP¥581.1b25.9x
Tue, 21 Sep 2021JP¥17.2tJP¥1.3tJP¥555.5b26.3x
Thu, 19 Aug 2021JP¥17.4tJP¥1.3tJP¥573.0b26.5x
Thu, 03 Jun 2021JP¥16.9tJP¥1.3tJP¥575.2b26.1x
Sun, 07 Mar 2021JP¥15.4tJP¥1.3tJP¥577.2b24.2x
Wed, 09 Dec 2020JP¥13.4tJP¥1.3tJP¥560.9b20.6x
Tue, 01 Sep 2020JP¥13.6tJP¥1.3tJP¥560.5b20.9x
Fri, 05 Jun 2020JP¥13.1tJP¥1.3tJP¥562.8b20x
Mon, 09 Mar 2020JP¥15.4tJP¥1.3tJP¥573.5b25.2x
Sun, 01 Dec 2019JP¥16.6tJP¥1.3tJP¥564.7b27.6x
Wed, 04 Sep 2019JP¥15.5tJP¥1.3tJP¥555.6b25.6x
Sat, 08 Jun 2019JP¥14.1tJP¥1.2tJP¥534.0b24.4x
Fri, 01 Mar 2019JP¥13.5tJP¥1.2tJP¥515.8b23.4x
Mon, 03 Dec 2018JP¥13.1tJP¥1.2tJP¥496.3b23.8x
PE Ratio

23.8x

Total Market Cap: JP¥13.1tTotal Earnings: JP¥496.3bTotal Revenue: JP¥1.2t0%0%0%3 Year10 Year
201920202021

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.

Industry Trends

Which industries have driven the changes within the Japanese REITS industry?

Industrial REITs1.48%
Diversified REITs0.87%
Retail REITs0.79%
Office REITs0.63%
Residential REITs0.51%
Healthcare REITs-0.87%
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.

Top Stock Gainers and Losers

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

Company7D1YValuation
3283 Nippon Prologis REIT2.2%+JP¥21.9b20.5%PB2.3x
3281 GLP J-REIT2.3%+JP¥18.9b16.6%PB2x
8976 Daiwa Office Investment3.3%+JP¥11.7b22.8%PB1.5x
8954 ORIX JREIT2.1%+JP¥10.8b17.4%PB1.5x
3287 Hoshino Resorts REIT-1.5%JP¥10.5b31.5%PB1.5x
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