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Japanese (NIKKEI) REITS Industry Analysis

UpdatedDec 04, 2025
DataAggregated Company Financials
Companies20
  • 7D-2.3%
  • 3M4.7%
  • 1Y23.2%
  • YTD19.1%

Over the last 7 days, the REITS industry has dropped 2.3%, driven by pullbacks from every company within the industry. This takes the industry's 12 month performance to a gain of 23%. In the next few years, earnings are forecast to decline by 1.6% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 04 Dec 2025JP¥5.1tJP¥549.9bJP¥244.0b20.1x21x9.3x
Sat, 01 Nov 2025JP¥5.1tJP¥540.2bJP¥239.5b20.4x21.1x9.4x
Mon, 29 Sep 2025JP¥5.2tJP¥567.3bJP¥249.1b20x20.9x9.2x
Wed, 27 Aug 2025JP¥5.2tJP¥576.1bJP¥252.1b19.6x20.4x8.9x
Fri, 25 Jul 2025JP¥4.9tJP¥566.1bJP¥249.2b19x19.6x8.6x
Sun, 22 Jun 2025JP¥4.8tJP¥564.2bJP¥248.6b18.5x19.1x8.4x
Tue, 20 May 2025JP¥4.6tJP¥561.7bJP¥256.0b17.9x18x8.2x
Thu, 17 Apr 2025JP¥4.6tJP¥556.6bJP¥247.6b17.8x18.5x8.2x
Sat, 15 Mar 2025JP¥4.5tJP¥551.2bJP¥245.1b18.7x18.3x8.1x
Mon, 10 Feb 2025JP¥4.5tJP¥549.8bJP¥244.1b18.7x18.6x8.3x
Wed, 08 Jan 2025JP¥4.4tJP¥547.9bJP¥244.2b18.5x18.2x8.1x
Fri, 06 Dec 2024JP¥4.3tJP¥518.9bJP¥228.9b17.7x18.9x8.3x
Sun, 03 Nov 2024JP¥4.3tJP¥517.4bJP¥229.0b18.2x19x8.4x
Tue, 01 Oct 2024JP¥4.4tJP¥500.0bJP¥224.4b19.5x19.6x8.8x
Thu, 29 Aug 2024JP¥4.6tJP¥499.9bJP¥225.2b19.6x20.5x9.2x
Sat, 27 Jul 2024JP¥4.5tJP¥498.8bJP¥224.2b19.4x20.1x9.1x
Mon, 24 Jun 2024JP¥4.5tJP¥498.7bJP¥224.0b20x20.2x9.1x
Wed, 22 May 2024JP¥4.7tJP¥471.3bJP¥201.3b20.7x23.3x10x
Fri, 19 Apr 2024JP¥4.7tJP¥472.3bJP¥200.6b21.1x23.6x10x
Sun, 17 Mar 2024JP¥4.5tJP¥468.0bJP¥202.8b20.8x22.3x9.7x
Tue, 13 Feb 2024JP¥4.7tJP¥467.5bJP¥202.5b20.2x23.1x10x
Thu, 11 Jan 2024JP¥4.8tJP¥468.6bJP¥203.0b20.3x23.8x10.3x
Sat, 09 Dec 2023JP¥4.9tJP¥471.1bJP¥200.0b21x24.4x10.4x
Mon, 06 Nov 2023JP¥4.3tJP¥427.2bJP¥179.3b21.9x24x10.1x
Wed, 04 Oct 2023JP¥4.3tJP¥420.8bJP¥179.4b22.2x24x10.2x
Fri, 01 Sep 2023JP¥4.4tJP¥419.4bJP¥178.4b22.6x24.5x10.4x
Sun, 30 Jul 2023JP¥4.3tJP¥419.2bJP¥178.4b22.2x24.3x10.4x
Tue, 27 Jun 2023JP¥4.2tJP¥412.7bJP¥175.4b21.5x24x10.2x
Thu, 25 May 2023JP¥4.3tJP¥411.7bJP¥176.9b21.7x24.1x10.4x
Sat, 22 Apr 2023JP¥3.9tJP¥399.5bJP¥167.9b20.9x23.2x9.8x
Mon, 20 Mar 2023JP¥3.7tJP¥396.6bJP¥167.6b19.4x22.1x9.3x
Wed, 15 Feb 2023JP¥15.3tJP¥1.4tJP¥608.7b23.7x25.2x10.7x
Fri, 13 Jan 2023JP¥15.5tJP¥1.4tJP¥605.7b24.1x25.5x10.9x
Sun, 11 Dec 2022JP¥16.2tJP¥1.4tJP¥614.5b24.4x26.3x11.3x
Price to Earnings Ratio

26.3x


Total Market Cap: JP¥16.2tTotal Earnings: JP¥614.5bTotal Revenue: JP¥1.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese REITS Industry Price to Earnings3Y Average 21.8x202320242025
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 21.8x.
  • The industry is trading close to its 3-year average PS ratio of 9.5x.
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-0.71%
Real Estate-2.15%
REITS-2.30%
Hotel and Resort REITs-1.04%
Residential REITs-2.17%
Retail REITs-2.24%
Diversified REITs-2.30%
Industrial REITs-2.36%
Healthcare REITs-2.59%
Office REITs-2.85%
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 5.7%, which is higher than its past year's earnings growth of 1.4% per year.
  • Investors are most pessimistic about the Hotel and Resort REITs industry, which is trading below its 3-year average of 34.5x.
Forecasted Growth
  • Analysts are most optimistic on the Industrial REITs industry, expecting annual earnings growth of 5.7% over the next 5 years.
  • This is better than its past earnings growth rate of 1.4% per year.
  • In contrast, the Office 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
No data available

Latest News

3462
JP¥166,400.00
Nomura Real Estate Master Fund
7D
-4.0%
1Y
18.1%
8961
JP¥77,100.00
MORI TRUST REIT
7D
-3.7%
1Y
27.9%
3296
JP¥99,500.00
NIPPON REIT Investment
7D
-4.1%
1Y
28.0%
8966
JP¥152,500.00
Heiwa Real Estate REIT
7D
-3.8%
1Y
31.4%
8960
JP¥180,700.00
United Urban Investment
7D
-3.0%
1Y
30.8%
3279
JP¥139,500.00
Activia Properties
7D
-3.5%
1Y
30.6%
8984
JP¥139,700.00
Daiwa House REIT Investment
7D
-2.0%
1Y
20.4%
8972
JP¥173,300.00
KDX Realty Investment
7D
-4.1%
1Y
19.2%