Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Japanese (NIKKEI) Office REITs Industry Analysis

UpdatedNov 14, 2025
DataAggregated Company Financials
Companies12
  • 7D1.3%
  • 3M4.7%
  • 1Y22.6%
  • YTDn/a

Over the last 7 days, the Office REITs industry has risen 1.0%, driven by gains from Nippon Building Fund of 1.9%. This means that the industry has gained 22% over the past year. Looking forward, earnings are forecast to decline by 2.0% per year.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 15 Nov 2025JP¥4.6tJP¥416.9bJP¥190.1b23.2x24.4x11.1x
Mon, 13 Oct 2025JP¥4.4tJP¥413.9bJP¥188.5b22.3x23.4x10.6x
Wed, 10 Sep 2025JP¥4.3tJP¥396.3bJP¥179.2b23.6x24x10.9x
Fri, 08 Aug 2025JP¥4.3tJP¥391.9bJP¥174.7b24.5x24.5x10.9x
Sun, 06 Jul 2025JP¥4.0tJP¥391.9bJP¥174.7b22.7x23x10.2x
Tue, 03 Jun 2025JP¥3.9tJP¥392.6bJP¥173.1b21.5x22.6x10x
Thu, 01 May 2025JP¥3.9tJP¥390.8bJP¥172.4b21.5x22.3x9.9x
Sat, 29 Mar 2025JP¥3.8tJP¥359.5bJP¥158.5b21.2x24x10.6x
Mon, 24 Feb 2025JP¥3.7tJP¥393.1bJP¥173.2b20.5x21.2x9.4x
Wed, 22 Jan 2025JP¥3.5tJP¥392.7bJP¥170.2b19.1x20.5x8.9x
Fri, 20 Dec 2024JP¥3.5tJP¥392.7bJP¥170.2b18.4x20.7x9x
Sun, 17 Nov 2024JP¥3.6tJP¥391.3bJP¥170.7b19x21.3x9.3x
Tue, 15 Oct 2024JP¥3.8tJP¥403.7bJP¥169.6b19.4x22.4x9.4x
Thu, 12 Sep 2024JP¥3.9tJP¥400.5bJP¥165.7b19.6x23.4x9.7x
Sat, 10 Aug 2024JP¥3.6tJP¥403.4bJP¥166.0b19.4x21.8x9x
Mon, 08 Jul 2024JP¥3.5tJP¥404.7bJP¥166.6b19.9x21.2x8.7x
Wed, 05 Jun 2024JP¥3.6tJP¥403.9bJP¥170.0b19.9x21.2x8.9x
Fri, 03 May 2024JP¥3.8tJP¥399.3bJP¥167.1b20.8x22.6x9.5x
Sun, 31 Mar 2024JP¥3.7tJP¥390.9bJP¥163.5b20.9x22.7x9.5x
Tue, 27 Feb 2024JP¥3.7tJP¥391.3bJP¥163.1b20.4x22.5x9.4x
Thu, 25 Jan 2024JP¥3.8tJP¥392.4bJP¥164.9b21.1x23.2x9.7x
Sat, 23 Dec 2023JP¥3.9tJP¥393.8bJP¥164.2b21.6x23.6x9.8x
Mon, 20 Nov 2023JP¥4.6tJP¥428.6bJP¥181.3b21.7x25.2x10.6x
Wed, 18 Oct 2023JP¥4.2tJP¥424.5bJP¥184.9b21.5x22.5x9.8x
Fri, 15 Sep 2023JP¥4.3tJP¥424.6bJP¥184.9b21.8x23.1x10.1x
Sun, 13 Aug 2023JP¥4.3tJP¥428.6bJP¥191.8b21.6x22.2x9.9x
Tue, 11 Jul 2023JP¥4.1tJP¥427.4bJP¥192.9b20.8x21.3x9.6x
Thu, 08 Jun 2023JP¥4.0tJP¥419.0bJP¥184.8b20.5x21.4x9.5x
Sat, 06 May 2023JP¥4.0tJP¥416.7bJP¥184.1b20.6x21.5x9.5x
Mon, 03 Apr 2023JP¥4.2tJP¥432.2bJP¥195.6b20.8x21.2x9.6x
Wed, 01 Mar 2023JP¥4.2tJP¥430.3bJP¥194.7b21x21.4x9.7x
Fri, 27 Jan 2023JP¥4.2tJP¥432.4bJP¥196.8b20.5x21.5x9.8x
Sun, 25 Dec 2022JP¥4.3tJP¥432.3bJP¥196.9b21.5x22.1x10x
Tue, 22 Nov 2022JP¥4.5tJP¥433.4bJP¥198.2b22.3x22.9x10.5x
Price to Earnings Ratio

22.9x


Total Market Cap: JP¥4.5tTotal Earnings: JP¥198.2bTotal Revenue: JP¥433.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Office REITs Industry Price to Earnings3Y Average 22.4x202320242025
Current Industry PE
  • Investors are relatively neutral on the Japanese Office 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 22.4x.
  • The 3-year average PS ratio of 9.8x is lower than the industry's current PS ratio of 11.0x.
Past Earnings Growth
  • Both revenue and earnings for companies in the Office 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 Office REITs compare with similar industries?

JP Market2.12%
Real Estate2.17%
REITS0.74%
Office REITs1.30%
Residential REITs1.07%
Healthcare REITs1.03%
Industrial REITs1.02%
Retail REITs0.77%
Diversified REITs0.74%
Hotel and Resort REITs0.64%
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
8951 Nippon Building FundJP¥146.50k1.3%
+JP¥16.4b		14.0%PB1.8x
8954 ORIX JREITJP¥107.60k1.3%
+JP¥7.7b		35.8%PB1.7x
8952 Japan Real Estate InvestmentJP¥129.40k0.4%
+JP¥3.6b		18.1%PB1.7x
8976 Daiwa Office InvestmentJP¥384.50k0.9%
+JP¥3.3b		27.7%PB1.5x
8975 Ichigo Office REIT InvestmentJP¥97.00k1.5%
+JP¥2.2b		24.0%PB1.4x

Latest News

8957
JP¥203,500.00
Tokyu REIT
7D
1.0%
1Y
30.4%
3234
JP¥149,000.00
Mori Hills REIT Investment
7D
0.7%
1Y
19.0%
8976
JP¥384,500.00
Daiwa Office Investment
7D
0.9%
1Y
27.7%
8952
JP¥129,400.00
Japan Real Estate Investment
7D
0.4%
1Y
18.1%

8952: Fair Value Will Remain Stable As Discount Rate Drops Below 5.1%

Analysts have increased their price target for Japan Real Estate Investment from ¥123,320 to ¥124,720. This adjustment reflects improved fair value estimates and a lower discount rate, while maintaining stable growth and profitability outlooks.
8975
JP¥97,000.00
Ichigo Office REIT Investment
7D
1.5%
1Y
24.0%
8954
JP¥107,600.00
ORIX JREIT
7D
1.3%
1Y
35.8%
8951
JP¥146,500.00
Nippon Building Fund
7D
1.3%
1Y
14.0%
8958
JP¥146,100.00
Global One Real Estate Investment
7D
1.3%
1Y
46.5%