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Japanese (NIKKEI) Industrial REITs Industry Analysis

UpdatedJul 10, 2026
DataAggregated Company Financials
Companies9
  • 7D1.9%
  • 3M-1.7%
  • 1Y7.9%
  • YTDn/a

Over the last 7 days, the Industrial REITs industry has risen 2.6%, driven by gains from GLP J-REIT of 2.6%. This takes the industry's 12 month performance to a gain of 7.7%. In the next few years earnings are forecast to be pretty stable.

Industry Valuation and Performance

Has the Japanese Industrial REITs Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 10 Jul 2026JP¥3.0tJP¥233.6bJP¥114.6b22.6x26.1x12.8x
Sun, 07 Jun 2026JP¥2.8tJP¥237.2bJP¥114.6b21.6x24.8x12x
Tue, 05 May 2026JP¥3.0tJP¥230.4bJP¥114.6b23.3x26.3x13.1x
Thu, 02 Apr 2026JP¥3.0tJP¥231.1bJP¥110.7b23.8x27.2x13x
Sat, 28 Feb 2026JP¥3.2tJP¥229.4bJP¥107.5b25x29.3x13.7x
Mon, 26 Jan 2026JP¥3.2tJP¥229.5bJP¥107.6b24.9x29.7x13.9x
Wed, 24 Dec 2025JP¥3.2tJP¥225.0bJP¥104.6b28x30.9x14.4x
Fri, 21 Nov 2025JP¥3.2tJP¥224.6bJP¥104.7b27.9x30.2x14.1x
Sun, 19 Oct 2025JP¥3.0tJP¥237.5bJP¥110.7b23.6x27.3x12.7x
Tue, 16 Sep 2025JP¥2.9tJP¥265.9bJP¥123.1b23x23.8x11x
Thu, 14 Aug 2025JP¥2.9tJP¥266.7bJP¥123.2b22.9x23.7x10.9x
Sat, 12 Jul 2025JP¥2.8tJP¥262.0bJP¥120.2b23.6x23.2x10.6x
Mon, 09 Jun 2025JP¥2.8tJP¥262.0bJP¥120.2b22.8x22.9x10.5x
Wed, 07 May 2025JP¥2.8tJP¥229.7bJP¥105.2b24.6x26.6x12.2x
Fri, 04 Apr 2025JP¥2.7tJP¥259.5bJP¥118.1b22.3x23x10.5x
Sun, 02 Mar 2025JP¥2.8tJP¥259.4bJP¥117.9b21.4x23.8x10.8x
Tue, 28 Jan 2025JP¥2.8tJP¥259.4bJP¥117.9b22.3x23.4x10.7x
Thu, 26 Dec 2024JP¥2.7tJP¥259.0bJP¥117.7b21.1x22.7x10.3x
Sat, 23 Nov 2024JP¥2.7tJP¥254.5bJP¥115.7b22.2x23.7x10.8x
Mon, 21 Oct 2024JP¥2.8tJP¥261.9bJP¥118.8b23.4x23.9x10.8x
Wed, 18 Sep 2024JP¥3.0tJP¥257.4bJP¥115.1b25.4x25.8x11.6x
Fri, 16 Aug 2024JP¥3.0tJP¥255.0bJP¥113.5b25.3x26.1x11.6x
Sun, 14 Jul 2024JP¥2.9tJP¥253.4bJP¥112.0b25.2x26.2x11.6x
Tue, 11 Jun 2024JP¥2.9tJP¥253.4bJP¥112.0b24.9x25.9x11.5x
Thu, 09 May 2024JP¥3.1tJP¥253.2bJP¥113.3b25.6x27.1x12.1x
Sat, 06 Apr 2024JP¥2.9tJP¥249.2bJP¥111.8b25.6x26.2x11.7x
Mon, 04 Mar 2024JP¥2.8tJP¥248.5bJP¥110.2b24.3x25.3x11.2x
Wed, 31 Jan 2024JP¥3.0tJP¥249.7bJP¥111.6b26.5x26.6x11.9x
Fri, 29 Dec 2023JP¥3.0tJP¥245.2bJP¥108.7b26.2x27.7x12.3x
Sun, 26 Nov 2023JP¥3.1tJP¥243.9bJP¥108.3b27.4x28.4x12.6x
Tue, 24 Oct 2023JP¥3.0tJP¥243.1bJP¥108.3b27x27.3x12.2x
Thu, 21 Sep 2023JP¥3.1tJP¥240.9bJP¥112.0b27.7x27.3x12.7x
Sat, 19 Aug 2023JP¥3.1tJP¥238.6bJP¥110.9b28.8x28x13x
Mon, 17 Jul 2023JP¥3.2tJP¥239.6bJP¥112.3b30.3x28.7x13.5x
Price to Earnings Ratio

28.7x


Total Market Cap: JP¥3.2tTotal Earnings: JP¥112.3bTotal Revenue: JP¥239.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Industrial REITs Industry Price to Earnings3Y Average 26.1x202420252026
Current Industry PE
  • Investors are relatively neutral on the Japanese Industrial 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 26.1x.
  • The industry is trading close to its 3-year average PS ratio of 12.0x.
Past Earnings Growth
  • Both revenue and earnings for companies in the Industrial REITs industry have remained mostly flat over the last three years.
  • This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.

Industry Comparison

How does Japanese Industrial REITs compare with similar industries?

JP Market0.19%
Real Estate1.53%
REITS0.89%
Industrial REITs1.86%
Office REITs1.75%
Retail REITs1.51%
Residential REITs1.24%
Diversified REITs0.89%
Hotel and Resort REITs0.50%
Healthcare REITs-0.27%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
3281 GLP J-REITJP¥140.10k2.6%
+JP¥17.3b		8.4%PB1.5x
3283 Nippon Prologis REITJP¥87.60k1.6%
+JP¥11.7b		10.2%PB1.5x
3249 Industrial & Infrastructure Fund InvestmentJP¥143.80k2.0%
+JP¥7.1b		18.0%PB1.5x
3471 Mitsui Fudosan Logistics ParkJP¥109.30k2.0%
+JP¥6.8b		6.5%n/a
8967 Japan Logistics FundJP¥96.50k2.0%
+JP¥5.2b		3.1%PB1.9x

Latest News

3471
JP¥109,300.00
Mitsui Fudosan Logistics Park
7D
2.0%
1Y
6.5%
3487
JP¥142,300.00
CRE Logistics REIT
7D
1.6%
1Y
-4.9%
3466
JP¥147,500.00
LaSalle LOGIPORT REIT
7D
1.0%
1Y
7.0%
Analysis Article • Jun 21

LaSalle LOGIPORT REIT (TSE:3466) Stock Looks Rich After Tenant Exit Raises Valuation Questions

LaSalle LOGIPORT REIT (TSE:3466) is in focus after disclosing that the sole tenant at its LOGIPORT Kashiwa Shonan property will vacate at lease expiry in April 2027, affecting 2.92% of portfolio leasable area. See our latest analysis for LaSalle LOGIPORT REIT. At a share price of ¥143,600, LaSalle LOGIPORT REIT has seen its 1 day share price return edge up 0.56%, while the 90 day share price return is down 8.42% and the 1 year total shareholder return is 10.41%. This points to softer recent...
3281
JP¥140,100.00
GLP J-REIT
7D
2.6%
1Y
8.4%
3249
JP¥143,800.00
Industrial & Infrastructure Fund Investment
7D
2.0%
1Y
18.0%
Narrative Update • Jun 13

3249: Logistics Acquisitions And Dividend Policy Will Drive Future Upside Potential

Analysts kept the Industrial & Infrastructure Fund price target steady at ¥159,000. Small adjustments to the discount rate, revenue growth, profit margin, and future P/E assumptions reflect minor refinements to their valuation framework rather than a change in overall view.
3283
JP¥87,600.00
Nippon Prologis REIT
7D
1.6%
1Y
10.2%
Narrative Update • Jun 11

3283: Higher Margin Outlook And Lower Discount Rate Will Support Future Returns

Nippon Prologis REIT’s analyst fair value estimate has been trimmed slightly from ¥100,150 to ¥99,990 as analysts factor in softer revenue growth, a higher profit margin outlook, and a modestly lower assumed discount rate and future P/E. What's in the News The analyst fair value estimate is adjusted to ¥99,990, reflecting updated assumptions for revenue growth, profit margins, and valuation inputs.
3481
JP¥121,000.00
Mitsubishi Estate Logistics REIT Investment
7D
1.4%
1Y
1.9%
2979
JP¥112,800.00
SOSiLA Logistics REIT
7D
-0.09%
1Y
-2.3%
8967
JP¥96,500.00
Japan Logistics Fund
7D
2.0%
1Y
3.1%