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Japanese (NIKKEI) REITS Industry Analysis

UpdatedDec 06, 2022
DataAggregated Company Financials
Companies61
  • 7D-1.9%
  • 3M-4.1%
  • 1Y-4.4%
  • YTD-6.9%

Over the last 7 days, the REITS industry has dropped 1.9%, driven by pullbacks in Japan Metropolitan Fund Investment and Nippon Prologis REIT of 4.4% and 3.4%, respectively. Overall the industry is down 4.4% in 12 months. As for the next few years, earnings are expected to grow by 2.3% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 07 Dec 2022JP¥16.2tJP¥1.4tJP¥614.5b24.3x26.3x11.4x
Fri, 04 Nov 2022JP¥16.3tJP¥1.4tJP¥605.5b24.6x27x11.6x
Sun, 02 Oct 2022JP¥16.1tJP¥1.4tJP¥594.4b24.9x27.1x11.4x
Tue, 30 Aug 2022JP¥16.8tJP¥1.4tJP¥590.9b26.5x28.5x12x
Thu, 28 Jul 2022JP¥16.6tJP¥1.4tJP¥574.8b26.3x28.8x12x
Sat, 25 Jun 2022JP¥15.8tJP¥1.4tJP¥573.6b25.5x27.6x11.5x
Mon, 23 May 2022JP¥16.4tJP¥1.4tJP¥569.4b26.2x28.8x12.1x
Wed, 20 Apr 2022JP¥16.4tJP¥1.4tJP¥568.2b25.6x28.8x12.1x
Fri, 18 Mar 2022JP¥15.9tJP¥1.4tJP¥584.5b24.7x27.1x11.5x
Sun, 13 Feb 2022JP¥16.1tJP¥1.4tJP¥583.5b24.5x27.6x11.8x
Tue, 11 Jan 2022JP¥16.8tJP¥1.4tJP¥586.6b25.3x28.6x12.3x
Thu, 09 Dec 2021JP¥17.0tJP¥1.4tJP¥586.6b26.2x28.9x12.4x
Sat, 06 Nov 2021JP¥17.3tJP¥1.3tJP¥579.1b27x29.9x12.9x
Mon, 04 Oct 2021JP¥16.7tJP¥1.3tJP¥565.3b25.5x29.5x12.7x
Wed, 01 Sep 2021JP¥17.5tJP¥1.3tJP¥573.0b26.1x30.5x13.2x
Thu, 08 Jul 2021JP¥17.5tJP¥1.3tJP¥573.0b26.6x30.6x13.3x
Wed, 31 Mar 2021JP¥16.3tJP¥1.3tJP¥574.3b25.4x28.4x12.4x
Sat, 02 Jan 2021JP¥14.2tJP¥1.3tJP¥559.8b21.7x25.4x11x
Tue, 06 Oct 2020JP¥13.5tJP¥1.3tJP¥554.6b21.1x24.4x10.4x
Fri, 10 Jul 2020JP¥12.9tJP¥1.3tJP¥552.5b19.7x23.3x9.9x
Thu, 02 Apr 2020JP¥12.2tJP¥1.3tJP¥562.7b18.1x21.7x9.4x
Sun, 05 Jan 2020JP¥16.2tJP¥1.3tJP¥565.6b27x28.6x12.5x
Price to Earnings Ratio

28.6x


Total Market Cap: JP¥16.2tTotal Earnings: JP¥565.6bTotal Revenue: JP¥1.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese REITS Industry Price to Earnings3Y Average 27x20212022
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 27.0x.
  • The industry is trading close to its 3-year average PS ratio of 11.6x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have grown 2.8% per year over the last three years.
  • Revenues for these companies have grown 3.3% 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 Market-2.19%
Real Estate-3.56%
REITS-1.89%
Hotel and Resort REITs0.59%
Specialized REITs0%
Industrial REITs-0.35%
Office REITs-2.33%
Diversified REITs-2.45%
Residential REITs-2.55%
Retail REITs-2.93%
Healthcare REITs-5.07%
Industry PE
  • Investors are most optimistic about the Hotel and Resort REITs industry even though it's trading below its 3-year average PE ratio of 119x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Retail REITs industry, which is trading close to its 3-year average of 22.2x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified REITs industry, expecting annual earnings growth of 2.3% over the next 5 years.
  • However this is lower than its past earnings growth rate of 3.9% per year.
  • In contrast, the Diversified REITs industry is expected to see its earnings grow by 2.3% 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
3281 GLP J-REITJP¥158.80k3.1%
+JP¥22.6b
-16.4%PB1.8x
8963 Invincible InvestmentJP¥49.10k3.0%
+JP¥8.8b
24.0%PB1.2x
8985 Japan Hotel REIT InvestmentJP¥75.60k1.2%
+JP¥4.0b
26.6%PB1.5x
3466 LaSalle LOGIPORT REITJP¥163.40k1.3%
+JP¥3.7b
-15.0%PB1.4x
8967 Japan Logistics FundJP¥324.50k1.2%
+JP¥3.7b
-3.0%PB2.1x
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Latest News

3283

JP¥326,000.00

Nippon Prologis REIT

7D

-3.4%

1Y

-13.3%

8953

JP¥105,300.00

Japan Metropolitan Fund Investment

7D

-4.4%

1Y

5.2%

3466

JP¥163,400.00

LaSalle LOGIPORT REIT

7D

1.3%

1Y

-15.0%

8952

JP¥602,000.00

Japan Real Estate Investment

7D

-1.1%

1Y

-10.3%

3287

JP¥693,000.00

Hoshino Resorts REIT

7D

0.6%

1Y

5.2%

8984

JP¥302,000.00

Daiwa House REIT Investment

7D

-1.8%

1Y

-7.1%

8960

JP¥148,600.00

United Urban Investment

7D

-3.6%

1Y

3.8%

2979

JP¥138,700.00

SOSiLA Logistics REIT

7D

0.9%

1Y

-16.2%

8963

JP¥49,100.00

Invincible Investment

7D

3.0%

1Y

24.0%

8954

JP¥186,600.00

ORIX JREIT

7D

-3.6%

1Y

0.5%

3281

JP¥158,800.00

GLP J-REIT

7D

3.1%

1Y

-16.4%

3462

JP¥168,800.00

Nomura Real Estate Master Fund

7D

-2.1%

1Y

1.9%