Have your own idea? Try our Stock Screener
Japanese (NIKKEI) Office REITs Industry Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies11
- 7D1.3%
- 3M0.8%
- 1Y-2.3%
- YTDn/a
Over the last 7 days, the Office REITs industry has remained flat. In line with that, the industry has also been flat over the past 12 months. As for the next few years, earnings are forecast to decline by 3.8% per annum.
Industry Valuation and Performance
Has the Japanese Office REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | JP¥3.7t | JP¥391.3b | JP¥170.7b | 19.3x | 21.7x | 9.5x |
| Sat, 19 Oct 2024 | JP¥3.8t | JP¥398.4b | JP¥169.7b | 19.4x | 22.2x | 9.5x |
| Mon, 16 Sep 2024 | JP¥3.9t | JP¥400.5b | JP¥165.7b | 20x | 23.6x | 9.8x |
| Wed, 14 Aug 2024 | JP¥3.7t | JP¥403.4b | JP¥166.0b | 19.6x | 22.1x | 9.1x |
| Fri, 12 Jul 2024 | JP¥3.5t | JP¥404.7b | JP¥166.6b | 20x | 21.3x | 8.8x |
| Sun, 09 Jun 2024 | JP¥3.6t | JP¥408.8b | JP¥169.9b | 19.8x | 21.1x | 8.8x |
| Tue, 07 May 2024 | JP¥3.8t | JP¥399.3b | JP¥167.1b | 20.8x | 22.6x | 9.5x |
| Thu, 04 Apr 2024 | JP¥3.7t | JP¥390.9b | JP¥163.5b | 20.5x | 22.4x | 9.4x |
| Sat, 02 Mar 2024 | JP¥3.6t | JP¥391.3b | JP¥163.1b | 20.2x | 22.2x | 9.2x |
| Mon, 29 Jan 2024 | JP¥3.8t | JP¥392.4b | JP¥164.9b | 21.2x | 23.1x | 9.7x |
| Wed, 27 Dec 2023 | JP¥3.8t | JP¥393.8b | JP¥164.2b | 21.3x | 23.3x | 9.7x |
| Fri, 24 Nov 2023 | JP¥3.9t | JP¥395.1b | JP¥167.7b | 21.5x | 23.1x | 9.8x |
| Sun, 22 Oct 2023 | JP¥4.1t | JP¥424.5b | JP¥184.9b | 21.3x | 22.3x | 9.7x |
| Tue, 19 Sep 2023 | JP¥4.3t | JP¥424.8b | JP¥184.9b | 21.9x | 23.1x | 10x |
| Thu, 17 Aug 2023 | JP¥4.2t | JP¥428.6b | JP¥191.8b | 21.6x | 22x | 9.9x |
| Sat, 15 Jul 2023 | JP¥4.1t | JP¥427.4b | JP¥192.9b | 20.7x | 21.5x | 9.7x |
| Mon, 12 Jun 2023 | JP¥4.0t | JP¥418.8b | JP¥184.4b | 20.6x | 21.7x | 9.6x |
| Wed, 10 May 2023 | JP¥4.0t | JP¥416.7b | JP¥184.1b | 20.4x | 21.6x | 9.5x |
| Fri, 07 Apr 2023 | JP¥4.2t | JP¥432.2b | JP¥195.6b | 20.8x | 21.4x | 9.7x |
| Sun, 05 Mar 2023 | JP¥4.3t | JP¥430.6b | JP¥194.7b | 21.1x | 22.1x | 10x |
| Tue, 31 Jan 2023 | JP¥4.3t | JP¥432.4b | JP¥196.8b | 20.9x | 21.9x | 10x |
| Thu, 29 Dec 2022 | JP¥4.4t | JP¥432.3b | JP¥196.9b | 21.8x | 22.4x | 10.2x |
| Sat, 26 Nov 2022 | JP¥4.5t | JP¥431.1b | JP¥196.5b | 22.3x | 23.1x | 10.5x |
| Mon, 24 Oct 2022 | JP¥4.4t | JP¥429.7b | JP¥195.4b | 21.5x | 22.3x | 10.1x |
| Wed, 21 Sep 2022 | JP¥4.8t | JP¥429.2b | JP¥194.9b | 23.5x | 24.4x | 11.1x |
| Fri, 19 Aug 2022 | JP¥4.7t | JP¥428.6b | JP¥193.9b | 23.1x | 24.5x | 11.1x |
| Sun, 17 Jul 2022 | JP¥4.6t | JP¥420.3b | JP¥188.8b | 22.6x | 24.4x | 11x |
| Tue, 14 Jun 2022 | JP¥4.7t | JP¥421.4b | JP¥189.4b | 22.1x | 24.9x | 11.2x |
| Thu, 12 May 2022 | JP¥4.6t | JP¥420.6b | JP¥190.3b | 22x | 24.1x | 10.9x |
| Sat, 09 Apr 2022 | JP¥4.6t | JP¥419.9b | JP¥190.0b | 23.3x | 24x | 10.9x |
| Mon, 07 Mar 2022 | JP¥4.6t | JP¥437.5b | JP¥197.5b | 22.5x | 23.5x | 10.6x |
| Wed, 02 Feb 2022 | JP¥4.7t | JP¥427.1b | JP¥191.4b | 22.8x | 24.4x | 10.9x |
| Fri, 31 Dec 2021 | JP¥4.8t | JP¥428.0b | JP¥191.7b | 23.6x | 25.2x | 11.3x |
| Sun, 28 Nov 2021 | JP¥5.0t | JP¥430.8b | JP¥192.9b | 25x | 26x | 11.7x |
Price to Earnings Ratio
26x
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 23.0x.
- The industry is trading close to its 3-year average PS ratio of 10.1x.
Past Earnings Growth
- The earnings for companies in the Office REITs industry have declined 4.0% per year over the last three years,
- Revenues have also declined 3.2% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Comparison
How does Japanese Office REITs compare with similar industries?
| JP Market | -0.44% | |
| Real Estate | 0.31% | |
| REITS | 1.20% | |
| Office REITs | 1.34% | |
| Diversified REITs | 1.20% | |
| Residential REITs | 1.04% | |
| Healthcare REITs | 0.95% | |
| Hotel and Resort REITs | 0.88% | |
| Industrial REITs | 0.81% | |
| Retail REITs | 0.17% | |
| Specialized REITs | 0% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 8954 ORIX JREIT | JP¥166.50k | 4.7% +JP¥20.7b | -2.9% | PB1.3x | |
| 8952 Japan Real Estate Investment | JP¥557.00k | 0.9% +JP¥7.1b | -1.9% | PB1.5x | |
| 8955 Japan Prime Realty Investment | JP¥332.50k | 1.1% +JP¥3.5b | -6.5% | PB1.2x | |
| 8987 Japan Excellent | JP¥118.60k | 1.7% +JP¥2.7b | -9.7% | PB1.1x | |
| 8975 Ichigo Office REIT Investment | JP¥79.20k | 1.9% +JP¥2.3b | -6.8% | PB1.2x |