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Japanese (NIKKEI) Industrial REITs Industry Analysis

UpdatedApr 10, 2026
DataAggregated Company Financials
Companies9
  • 7D2.2%
  • 3M-8.2%
  • 1Y12.3%
  • YTDn/a

The Industrial REITs industry is up 2.2% in the last week, with Nippon Prologis REIT up 1.8%. This means that the industry has gained 12% over the past year. As for the next few years, earnings are expected to grow by 3.7% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 10 Apr 2026JP¥3.1tJP¥231.1bJP¥110.7b24.1x27.6x13.2x
Sun, 08 Mar 2026JP¥3.1tJP¥229.4bJP¥107.5b25.1x29.2x13.7x
Tue, 03 Feb 2026JP¥3.1tJP¥229.5bJP¥107.6b24.7x29.2x13.7x
Thu, 01 Jan 2026JP¥3.2tJP¥225.0bJP¥104.6b27.8x31x14.4x
Sat, 29 Nov 2025JP¥3.2tJP¥224.6bJP¥104.7b28.2x30.8x14.3x
Mon, 27 Oct 2025JP¥3.1tJP¥238.0bJP¥111.0b23.9x27.5x12.8x
Wed, 24 Sep 2025JP¥3.0tJP¥268.6bJP¥123.7b23x23.9x11x
Fri, 22 Aug 2025JP¥2.9tJP¥266.9bJP¥123.3b23x23.8x11x
Sun, 20 Jul 2025JP¥2.8tJP¥262.0bJP¥120.2b23.5x23.3x10.7x
Tue, 17 Jun 2025JP¥2.8tJP¥262.0bJP¥120.2b23x23.2x10.6x
Thu, 15 May 2025JP¥2.8tJP¥229.7bJP¥105.2b24.1x26.2x12x
Sat, 12 Apr 2025JP¥2.7tJP¥259.5bJP¥118.1b22.4x23.2x10.6x
Mon, 10 Mar 2025JP¥2.7tJP¥259.4bJP¥117.9b21.7x22.7x10.3x
Wed, 05 Feb 2025JP¥2.7tJP¥259.4bJP¥117.9b22.5x23.2x10.5x
Fri, 03 Jan 2025JP¥2.7tJP¥259.0bJP¥117.7b21.4x22.9x10.4x
Sun, 01 Dec 2024JP¥2.8tJP¥254.5bJP¥115.7b21.7x23.9x10.9x
Tue, 29 Oct 2024JP¥2.9tJP¥261.9bJP¥118.8b23.6x24.1x10.9x
Thu, 26 Sep 2024JP¥2.9tJP¥258.3bJP¥115.2b25.1x25.4x11.3x
Sat, 24 Aug 2024JP¥2.9tJP¥255.0bJP¥113.4b25.4x26x11.6x
Mon, 22 Jul 2024JP¥2.9tJP¥255.0bJP¥113.4b25.1x25.8x11.5x
Wed, 19 Jun 2024JP¥2.9tJP¥253.4bJP¥112.0b24.8x25.9x11.5x
Fri, 17 May 2024JP¥3.0tJP¥253.2bJP¥113.3b25.6x26.6x11.9x
Sun, 14 Apr 2024JP¥3.0tJP¥249.5bJP¥111.9b25.7x26.4x11.8x
Tue, 12 Mar 2024JP¥2.8tJP¥248.5bJP¥110.2b24.5x25.4x11.3x
Thu, 08 Feb 2024JP¥2.9tJP¥249.7bJP¥111.6b26x26x11.6x
Sat, 06 Jan 2024JP¥3.1tJP¥246.5bJP¥110.3b26.5x27.7x12.4x
Mon, 04 Dec 2023JP¥3.0tJP¥243.9bJP¥108.3b27.1x28x12.4x
Wed, 01 Nov 2023JP¥3.0tJP¥243.1bJP¥108.3b27.1x27.6x12.3x
Fri, 29 Sep 2023JP¥3.0tJP¥240.9bJP¥112.0b26.9x26.8x12.5x
Sun, 27 Aug 2023JP¥3.2tJP¥238.6bJP¥110.9b28.9x28.4x13.2x
Tue, 25 Jul 2023JP¥3.2tJP¥240.1bJP¥112.4b29.5x28.6x13.4x
Thu, 22 Jun 2023JP¥3.3tJP¥242.7bJP¥109.1b30.9x30x13.5x
Sat, 20 May 2023JP¥3.3tJP¥236.8bJP¥112.0b31.4x29.4x13.9x
Mon, 17 Apr 2023JP¥3.2tJP¥237.8bJP¥111.4b30.5x28.7x13.5x
Price to Earnings Ratio

28.7x


Total Market Cap: JP¥3.2tTotal Earnings: JP¥111.4bTotal Revenue: JP¥237.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Industrial REITs Industry Price to Earnings3Y Average 26.4x202420252026
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 26.4x.
  • The industry is trading close to its 3-year average PS ratio of 12.1x.
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 Market3.71%
Real Estate2.72%
REITS1.90%
Industrial REITs2.16%
Hotel and Resort REITs3.93%
Office REITs2.15%
Diversified REITs1.90%
Retail REITs1.87%
Healthcare REITs1.79%
Residential REITs1.33%
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
3283 Nippon Prologis REITJP¥88.90k1.8%
+JP¥13.4b		12.4%PB1.5x
3466 LaSalle LOGIPORT REITJP¥155.50k3.1%
+JP¥8.4b		12.8%PB1.3x
3281 GLP J-REITJP¥132.60k0.9%
+JP¥5.8b		6.6%PB1.4x
3249 Industrial & Infrastructure Fund InvestmentJP¥146.60k1.1%
+JP¥4.0b		26.2%PB1.5x
3471 Mitsui Fudosan Logistics ParkJP¥115.80k1.0%
+JP¥3.9b		13.2%PB1.7x

Latest News

3471
JP¥115,800.00
Mitsui Fudosan Logistics Park
7D
1.0%
1Y
13.2%
3249
JP¥146,600.00
Industrial & Infrastructure Fund Investment
7D
1.1%
1Y
26.2%

3249: Logistics Acquisitions And Renovations Will Support Stable Yield And Fair Pricing

Analysts now set the Industrial & Infrastructure Fund price target at ¥157,000, compared with the prior ¥154,500. The revision reflects updated assumptions for a slightly different discount rate, revenue growth profile, profit margin and future P/E expectations.
8967
JP¥97,900.00
Japan Logistics Fund
7D
1.0%
1Y
5.7%
3283
JP¥88,900.00
Nippon Prologis REIT
7D
1.8%
1Y
12.4%

3283: Stable Dividend Outlook Will Support A Constructive Forward Earnings Profile

Analysts have kept their ¥100,050 price target for Nippon Prologis REIT broadly unchanged, with only small tweaks to the discount rate and forward P/E assumptions. These adjustments reflect updated views on risk and earnings quality rather than a shift in the overall valuation.
3487
JP¥161,200.00
CRE Logistics REIT
7D
-0.2%
1Y
11.8%
2979
JP¥125,200.00
SOSiLA Logistics REIT
7D
0.3%
1Y
14.5%
3281
JP¥132,600.00
GLP J-REIT
7D
0.9%
1Y
6.6%
3466
JP¥155,500.00
LaSalle LOGIPORT REIT
7D
3.1%
1Y
12.8%
3481
JP¥128,000.00
Mitsubishi Estate Logistics REIT Investment
7D
1.2%
1Y
11.9%