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Japanese (NIKKEI) REITS Industry Analysis

UpdatedJan 13, 2026
DataAggregated Company Financials
Companies20
  • 7D0.6%
  • 3M6.1%
  • 1Y25.4%
  • YTD1.2%

In the last week, the REITS industry is up 1.2%, with Activia Properties up 3.9%. This means that the industry has gained 25% over the past year. As for the next few years, earnings are forecast to decline by 1.3% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 13 Jan 2026JP¥5.3tJP¥550.2bJP¥240.6b21.1x22x9.6x
Thu, 11 Dec 2025JP¥5.1tJP¥559.1bJP¥245.8b19.7x20.6x9.1x
Sat, 08 Nov 2025JP¥5.1tJP¥549.9bJP¥244.0b20x21x9.3x
Mon, 06 Oct 2025JP¥4.9tJP¥549.7bJP¥239.5b19.6x20.6x9x
Wed, 03 Sep 2025JP¥5.2tJP¥575.0bJP¥251.5b19.5x20.6x9x
Fri, 01 Aug 2025JP¥5.0tJP¥567.5bJP¥250.1b19.2x20x8.8x
Sun, 29 Jun 2025JP¥4.8tJP¥564.2bJP¥248.6b18.7x19.3x8.5x
Tue, 27 May 2025JP¥4.6tJP¥561.7bJP¥256.0b17.8x18.1x8.2x
Thu, 24 Apr 2025JP¥4.6tJP¥555.7bJP¥252.4b17.7x18.3x8.3x
Sat, 22 Mar 2025JP¥4.6tJP¥555.7bJP¥246.7b18x18.6x8.2x
Mon, 17 Feb 2025JP¥4.6tJP¥549.8bJP¥244.1b19x18.7x8.3x
Wed, 15 Jan 2025JP¥4.4tJP¥547.9bJP¥244.2b18.5x17.9x8x
Fri, 13 Dec 2024JP¥4.3tJP¥518.9bJP¥228.9b17.6x18.7x8.2x
Sun, 10 Nov 2024JP¥4.4tJP¥517.4bJP¥229.0b17.9x19x8.4x
Tue, 08 Oct 2024JP¥4.4tJP¥500.2bJP¥224.4b19x19.4x8.7x
Thu, 05 Sep 2024JP¥4.5tJP¥499.9bJP¥225.2b19x19.8x8.9x
Sat, 03 Aug 2024JP¥4.4tJP¥498.8bJP¥224.2b19.1x19.7x8.9x
Mon, 01 Jul 2024JP¥4.5tJP¥498.7bJP¥224.0b19.9x20.3x9.1x
Wed, 29 May 2024JP¥4.6tJP¥471.3bJP¥201.3b20.7x23x9.8x
Fri, 26 Apr 2024JP¥4.8tJP¥470.7bJP¥201.1b21x23.6x10.1x
Sun, 24 Mar 2024JP¥4.8tJP¥472.2bJP¥201.3b20.8x23.7x10.1x
Tue, 20 Feb 2024JP¥4.5tJP¥467.5bJP¥202.5b19.8x22.3x9.7x
Thu, 18 Jan 2024JP¥4.9tJP¥468.6bJP¥203.0b20.3x24.1x10.4x
Sat, 16 Dec 2023JP¥4.8tJP¥471.4bJP¥200.1b20.8x24.2x10.3x
Mon, 13 Nov 2023JP¥4.2tJP¥427.2bJP¥179.3b21.5x23.7x9.9x
Wed, 11 Oct 2023JP¥4.3tJP¥423.7bJP¥179.6b22.1x24.1x10.2x
Fri, 08 Sep 2023JP¥4.4tJP¥420.8bJP¥179.4b22.7x24.5x10.4x
Sun, 06 Aug 2023JP¥4.3tJP¥419.1bJP¥178.4b21.8x24.1x10.3x
Tue, 04 Jul 2023JP¥4.3tJP¥412.7bJP¥175.4b22.4x24.3x10.3x
Thu, 01 Jun 2023JP¥4.2tJP¥411.7bJP¥176.9b22.1x24x10.3x
Sat, 29 Apr 2023JP¥4.0tJP¥399.5bJP¥167.9b21.2x23.6x9.9x
Mon, 27 Mar 2023JP¥3.7tJP¥396.6bJP¥167.6b19.5x22.1x9.4x
Wed, 22 Feb 2023JP¥15.3tJP¥1.4tJP¥606.4b23.6x25.3x10.8x
Fri, 20 Jan 2023JP¥15.0tJP¥1.4tJP¥605.7b23.3x24.8x10.6x
Price to Earnings Ratio

24.8x


Total Market Cap: JP¥15.0tTotal Earnings: JP¥605.7bTotal Revenue: JP¥1.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese REITS Industry Price to Earnings3Y Average 21.6x202420252026
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 21.6x.
  • The industry is trading close to its 3-year average PS ratio of 9.4x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have declined 26% 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-0.30%
Real Estate0.55%
REITS0.61%
Healthcare REITs3.36%
Industrial REITs1.43%
Diversified REITs0.61%
Hotel and Resort REITs0.36%
Office REITs0.25%
Residential REITs0.10%
Retail REITs-0.46%
Industry PE
  • Investors are most optimistic about the Industrial REITs industry which is trading above its 3-year average PE ratio of 26.5x.
    • Analysts are expecting annual earnings growth of 5.0%, which is higher than its past year's earnings growth of 1.0% per year.
  • Investors are most pessimistic about the Hotel and Resort REITs industry, which is trading below its 3-year average of 32.3x.
Forecasted Growth
  • Analysts are most optimistic on the Industrial REITs industry, expecting annual earnings growth of 5.0% over the next 5 years.
  • This is better than its past earnings growth rate of 1.0% per year.
  • In contrast, the Retail REITs industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
3279 Activia PropertiesJP¥146.80k3.9%
+JP¥13.1b		33.5%PB1.3x
3462 Nomura Real Estate Master FundJP¥174.30k0.8%
+JP¥6.5b		24.9%PB1.3x
3309 Sekisui House ReitJP¥90.80k1.5%
+JP¥5.6b		19.3%PB1.4x
8972 KDX Realty InvestmentJP¥177.30k0.6%
+JP¥4.0b		21.9%PB1.1x
8956 NTT UD REIT InvestmentJP¥142.20k1.2%
+JP¥2.5b		20.2%PB1.4x

Latest News

8961
JP¥79,600.00
MORI TRUST REIT
7D
0.5%
1Y
29.9%
3296
JP¥98,500.00
NIPPON REIT Investment
7D
-0.5%
1Y
28.1%
8960
JP¥185,900.00
United Urban Investment
7D
-0.3%
1Y
31.0%
8956
JP¥142,200.00
NTT UD REIT Investment
7D
1.2%
1Y
20.2%
8972
JP¥177,300.00
KDX Realty Investment
7D
0.6%
1Y
21.9%
3462
JP¥174,300.00
Nomura Real Estate Master Fund
7D
0.8%
1Y
24.9%
3309
JP¥90,800.00
Sekisui House Reit
7D
1.5%
1Y
19.3%
3295
JP¥179,000.00
Hulic Reit
7D
0.6%
1Y
31.6%
8966
JP¥159,200.00
Heiwa Real Estate REIT
7D
-0.06%
1Y
30.0%
3279
JP¥146,800.00
Activia Properties
7D
3.9%
1Y
33.5%
3492
JP¥95,300.00
MIRARTH Real Estate Investment
7D
1.3%
1Y
11.2%
3468
JP¥63,000.00
Star Asia Investment
7D
-0.3%
1Y
21.9%
8984
JP¥143,000.00
Daiwa House REIT Investment
7D
-0.6%
1Y
25.4%