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Japanese (NIKKEI) REITS Industry Analysis

UpdatedApr 13, 2026
DataAggregated Company Financials
Companies19
  • 7D0.8%
  • 3M-6.0%
  • 1Y13.3%
  • YTD-4.9%

In the last week, REITS has been flat. The past year has been better, since the industry has gained 13% in that time. As for the next few years, earnings are forecast to decline by 1.1% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 13 Apr 2026JP¥4.8tJP¥524.5bJP¥226.9b19.8x21.2x9.2x
Wed, 11 Mar 2026JP¥4.9tJP¥533.1bJP¥231.0b19.8x21.1x9.1x
Fri, 06 Feb 2026JP¥5.2tJP¥559.0bJP¥244.7b19.8x21.1x9.2x
Sun, 04 Jan 2026JP¥5.2tJP¥550.2bJP¥240.6b20.8x21.7x9.5x
Tue, 02 Dec 2025JP¥5.2tJP¥549.9bJP¥244.0b20.2x21.1x9.4x
Thu, 30 Oct 2025JP¥5.1tJP¥540.2bJP¥239.5b20.5x21.2x9.4x
Sat, 27 Sep 2025JP¥5.2tJP¥567.3bJP¥249.1b20x20.9x9.2x
Mon, 25 Aug 2025JP¥5.2tJP¥576.1bJP¥252.1b19.7x20.5x9x
Wed, 23 Jul 2025JP¥4.9tJP¥566.1bJP¥249.2b19x19.6x8.6x
Fri, 20 Jun 2025JP¥4.8tJP¥564.2bJP¥248.6b18.6x19.1x8.4x
Sun, 18 May 2025JP¥4.6tJP¥561.7bJP¥256.0b18x18.1x8.3x
Tue, 15 Apr 2025JP¥4.6tJP¥556.6bJP¥247.6b17.8x18.5x8.2x
Thu, 13 Mar 2025JP¥4.4tJP¥551.2bJP¥245.1b18.5x18.1x8x
Sat, 08 Feb 2025JP¥4.5tJP¥549.8bJP¥244.1b18.7x18.6x8.3x
Mon, 06 Jan 2025JP¥4.4tJP¥547.9bJP¥244.2b18.1x18x8x
Wed, 04 Dec 2024JP¥4.3tJP¥514.8bJP¥229.2b17.9x19x8.4x
Fri, 01 Nov 2024JP¥4.3tJP¥505.8bJP¥224.6b18.3x19.1x8.5x
Sun, 29 Sep 2024JP¥4.5tJP¥500.0bJP¥224.4b19.9x20.1x9x
Tue, 27 Aug 2024JP¥4.6tJP¥499.9bJP¥225.2b19.3x20.3x9.1x
Thu, 25 Jul 2024JP¥4.5tJP¥498.8bJP¥224.2b19.7x20.1x9.1x
Sat, 22 Jun 2024JP¥4.5tJP¥498.7bJP¥224.0b20x20.2x9.1x
Mon, 20 May 2024JP¥4.7tJP¥471.3bJP¥201.3b21.1x23.6x10.1x
Wed, 17 Apr 2024JP¥4.7tJP¥472.2bJP¥201.3b20.9x23.4x10x
Fri, 15 Mar 2024JP¥4.5tJP¥467.8bJP¥202.7b20.5x22x9.5x
Sun, 11 Feb 2024JP¥4.7tJP¥467.5bJP¥202.5b20.2x23.1x10x
Tue, 09 Jan 2024JP¥4.9tJP¥467.1bJP¥201.8b20.9x24.1x10.4x
Thu, 07 Dec 2023JP¥4.9tJP¥461.3bJP¥193.3b21.9x25.5x10.7x
Sat, 04 Nov 2023JP¥4.3tJP¥427.9bJP¥182.4b21.7x23.6x10x
Mon, 02 Oct 2023JP¥4.3tJP¥420.8bJP¥179.4b22.3x24x10.3x
Wed, 30 Aug 2023JP¥4.4tJP¥419.4bJP¥178.4b22.9x24.8x10.6x
Fri, 28 Jul 2023JP¥4.3tJP¥419.2bJP¥178.4b22.2x24.3x10.3x
Sun, 25 Jun 2023JP¥4.2tJP¥412.7bJP¥175.4b21.4x23.9x10.2x
Tue, 23 May 2023JP¥4.3tJP¥411.7bJP¥176.9b21.8x24.2x10.4x
Thu, 20 Apr 2023JP¥3.9tJP¥396.4bJP¥166.9b21x23.4x9.8x
Price to Earnings Ratio

23.4x


Total Market Cap: JP¥3.9tTotal Earnings: JP¥166.9bTotal Revenue: JP¥396.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese REITS Industry Price to Earnings3Y Average 21.4x202420252026
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 21.4x.
  • The industry is trading close to its 3-year average PS ratio of 9.3x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have grown 11% per year over the last three years.
  • Revenues for these companies have grown 9.8% 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 Real Estate industry?

JP Market2.88%
Real Estate1.74%
REITS0.81%
Hotel and Resort REITs2.80%
Healthcare REITs1.52%
Industrial REITs1.34%
Office REITs1.15%
Retail REITs0.83%
Diversified REITs0.81%
Residential REITs0.51%
Industry PE
  • Investors are most optimistic about the Industrial REITs industry, which is trading close to its 3-year average PE ratio of 26.4x.
    • Analysts are expecting annual earnings growth of 3.6%, 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 27.5x.
Forecasted Growth
  • Analysts are most optimistic on the Industrial REITs industry, expecting annual earnings growth of 3.6% 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 decline by 2.1% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
8984 Daiwa House REIT InvestmentJP¥129.70k1.2%
+JP¥6.9b		8.9%PB1.2x
8972 KDX Realty InvestmentJP¥165.40k0.4%
+JP¥2.8b		11.4%PB1.1x
3462 Nomura Real Estate Master FundJP¥162.40k0.4%
+JP¥2.8b		13.4%PB1.3x
3279 Activia PropertiesJP¥143.10k0.5%
+JP¥1.7b		26.6%PB1.3x
8960 United Urban InvestmentJP¥174.50k0.3%
+JP¥1.5b		17.5%PB1.5x

Latest News

3309
JP¥91,400.00
Sekisui House Reit
7D
-0.7%
1Y
15.0%
3476
JP¥49,200.00
MIRAI
7D
0.5%
1Y
16.3%
3279
JP¥143,100.00
Activia Properties
7D
0.5%
1Y
26.6%
8972
JP¥165,400.00
KDX Realty Investment
7D
0.4%
1Y
11.4%
3468
JP¥57,000.00
Star Asia Investment
7D
0.7%
1Y
5.6%
3462
JP¥162,400.00
Nomura Real Estate Master Fund
7D
0.4%
1Y
13.4%
3470
JP¥112,600.00
Marimo Regional Revitalization REIT
7D
1.8%
1Y
9.9%
8984
JP¥129,700.00
Daiwa House REIT Investment
7D
1.2%
1Y
8.9%
3295
JP¥164,400.00
Hulic Reit
7D
-0.06%
1Y
12.4%
8960
JP¥174,500.00
United Urban Investment
7D
0.3%
1Y
17.5%
3492
JP¥87,900.00
MIRARTH Real Estate Investment
7D
-0.3%
1Y
2.7%