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Japanese (NIKKEI) REITS Industry Analysis
UpdatedFeb 01, 2025
DataAggregated Company Financials
Companies21
- 7D3.4%
- 3M6.4%
- 1Y-5.7%
- YTD3.3%
In the last week, the REITS industry is up 3.4%, with Nomura Real Estate Master Fund leading the way with a 4.6% gain. In the past year, the industry is down 5.7%. Looking forward, earnings are forecast to decline by 4.1% per year.
Industry Valuation and Performance
Has the Japanese REITS Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 01 Feb 2025 | JP¥4.6t | JP¥550.3b | JP¥245.7b | 19.1x | 18.8x | 8.4x |
| Mon, 30 Dec 2024 | JP¥4.4t | JP¥547.9b | JP¥244.2b | 18.3x | 18.1x | 8.1x |
| Wed, 27 Nov 2024 | JP¥4.4t | JP¥514.3b | JP¥229.0b | 18.3x | 19.3x | 8.6x |
| Fri, 25 Oct 2024 | JP¥4.3t | JP¥507.8b | JP¥224.6b | 18.1x | 19.1x | 8.4x |
| Sun, 22 Sep 2024 | JP¥4.5t | JP¥500.6b | JP¥225.3b | 19.7x | 19.8x | 8.9x |
| Tue, 20 Aug 2024 | JP¥4.5t | JP¥498.8b | JP¥224.2b | 19.2x | 20.2x | 9.1x |
| Thu, 18 Jul 2024 | JP¥4.6t | JP¥498.7b | JP¥224.0b | 19.8x | 20.6x | 9.2x |
| Sat, 15 Jun 2024 | JP¥4.5t | JP¥471.4b | JP¥201.3b | 20.3x | 22.5x | 9.6x |
| Mon, 13 May 2024 | JP¥4.8t | JP¥471.3b | JP¥201.3b | 21.1x | 23.7x | 10.1x |
| Wed, 10 Apr 2024 | JP¥4.8t | JP¥472.2b | JP¥201.3b | 21.2x | 23.7x | 10.1x |
| Fri, 08 Mar 2024 | JP¥4.4t | JP¥467.8b | JP¥202.7b | 20.6x | 21.9x | 9.5x |
| Sun, 04 Feb 2024 | JP¥4.9t | JP¥471.5b | JP¥204.8b | 20.5x | 23.7x | 10.3x |
| Tue, 02 Jan 2024 | JP¥4.8t | JP¥470.8b | JP¥199.3b | 20.7x | 24.1x | 10.2x |
| Thu, 30 Nov 2023 | JP¥4.9t | JP¥460.8b | JP¥193.0b | 21.9x | 25.5x | 10.7x |
| Sat, 28 Oct 2023 | JP¥4.3t | JP¥427.9b | JP¥182.4b | 21.7x | 23.7x | 10.1x |
| Mon, 25 Sep 2023 | JP¥4.3t | JP¥420.8b | JP¥179.4b | 22.5x | 24.1x | 10.3x |
| Wed, 23 Aug 2023 | JP¥4.3t | JP¥419.4b | JP¥178.4b | 21.8x | 23.9x | 10.2x |
| Fri, 21 Jul 2023 | JP¥4.3t | JP¥416.8b | JP¥177.3b | 22.8x | 24.3x | 10.3x |
| Sun, 18 Jun 2023 | JP¥4.2t | JP¥412.8b | JP¥176.0b | 21.4x | 24.1x | 10.3x |
| Tue, 16 May 2023 | JP¥4.3t | JP¥411.7b | JP¥176.9b | 21.7x | 24.2x | 10.4x |
| Thu, 13 Apr 2023 | JP¥3.8t | JP¥396.8b | JP¥167.4b | 20.3x | 22.8x | 9.6x |
| Sat, 11 Mar 2023 | JP¥15.3t | JP¥1.4t | JP¥606.8b | 23.6x | 25.3x | 10.7x |
| Mon, 06 Feb 2023 | JP¥15.3t | JP¥1.4t | JP¥608.7b | 23.6x | 25.2x | 10.7x |
| Wed, 04 Jan 2023 | JP¥15.8t | JP¥1.4t | JP¥605.8b | 24.4x | 26.1x | 11.1x |
| Fri, 02 Dec 2022 | JP¥16.2t | JP¥1.4t | JP¥608.2b | 24.9x | 26.6x | 11.4x |
| Sun, 30 Oct 2022 | JP¥16.3t | JP¥1.4t | JP¥605.5b | 24.9x | 27x | 11.6x |
| Tue, 27 Sep 2022 | JP¥16.4t | JP¥1.4t | JP¥594.2b | 25.3x | 27.6x | 11.6x |
| Thu, 25 Aug 2022 | JP¥16.6t | JP¥1.4t | JP¥585.3b | 26.2x | 28.4x | 11.9x |
| Sat, 23 Jul 2022 | JP¥16.5t | JP¥1.4t | JP¥574.8b | 26.2x | 28.7x | 12.1x |
| Mon, 20 Jun 2022 | JP¥15.9t | JP¥1.4t | JP¥573.9b | 25.4x | 27.7x | 11.6x |
| Wed, 18 May 2022 | JP¥16.4t | JP¥1.4t | JP¥568.6b | 26.2x | 28.8x | 12.1x |
| Fri, 15 Apr 2022 | JP¥16.5t | JP¥1.4t | JP¥570.0b | 25.6x | 29x | 12.2x |
| Sun, 13 Mar 2022 | JP¥15.6t | JP¥1.4t | JP¥590.8b | 23.7x | 26.5x | 11.3x |
| Tue, 08 Feb 2022 | JP¥15.9t | JP¥1.4t | JP¥581.6b | 24.5x | 27.4x | 11.7x |
Price to Earnings Ratio
27.4x
Current Industry PE
- Investors are pessimistic on the Japanese REITs industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 18.8x which is lower than its 3-year average PE of 24.2x.
- The 3-year average PS ratio of 10.4x is higher than the industry's current PS ratio of 8.4x.
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 | 1.33% | |
| Real Estate | 3.45% | |
| REITS | 3.44% | |
| Retail REITs | 3.88% | |
| Diversified REITs | 3.44% | |
| Office REITs | 2.75% | |
| Industrial REITs | 1.79% | |
| Hotel and Resort REITs | 1.71% | |
| Residential REITs | 0.84% | |
| Specialized REITs | 0% | 0 |
| Healthcare REITs | -0.93% | |
Industry PE
- Investors are most optimistic about the Industrial REITs industry even though it's trading below its 3-year average PE ratio of 29.7x.
- Analysts are expecting annual earnings growth of 4.7%, which is lower than the prior year's growth of 5.8% per year.
- Investors are most pessimistic about the Healthcare REITs industry, which is trading below its 3-year average of 25.3x.
Forecasted Growth
- Analysts are most optimistic on the Hotel and Resort REITs industry, expecting annual earnings growth of 10% over the next 5 years.
- However this is lower than its past earnings growth rate of 37% per year.
- In contrast, the Office REITs industry is expected to see its earnings decline by 5.2% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 3462 Nomura Real Estate Master Fund | JP¥149.50k | 4.6% +JP¥30.7b | -6.1% | PB1.1x | |
| 8984 Daiwa House REIT Investment | JP¥244.30k | 4.9% +JP¥26.4b | -6.4% | PB1.1x | |
| 8972 KDX Realty Investment | JP¥155.10k | 4.1% +JP¥24.9b | -1.8% | PB1x | |
| 8956 NTT UD REIT Investment | JP¥132.20k | 10.3% +JP¥18.2b | 5.4% | PB1.3x | |
| 8960 United Urban Investment | JP¥150.40k | 2.7% +JP¥11.9b | 1.3% | PB1.3x |