Japanese (NIKKEI) Office REITs Industry Analysis
UpdatedDec 01, 2023
DataAggregated Company Financials
Companies12
- 7D1.9%
- 3M-2.6%
- 1Y-3.2%
- YTD1.7%
Over the last 7 days, the Office REITs industry has remained flat. As for the longer term, the industry has declined 6.2% in the last year. As for the next few years, earnings are forecast to decline by 4.0% 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 |
|---|---|---|---|---|---|---|
| Fri, 01 Dec 2023 | JP¥4.0t | JP¥395.1b | JP¥167.7b | 22.4x | 23.6x | 10x |
| Sun, 29 Oct 2023 | JP¥4.2t | JP¥424.1b | JP¥181.1b | 21.5x | 23.3x | 9.9x |
| Tue, 26 Sep 2023 | JP¥4.2t | JP¥424.8b | JP¥184.9b | 21.4x | 22.9x | 10x |
| Thu, 24 Aug 2023 | JP¥4.2t | JP¥428.0b | JP¥184.9b | 21.7x | 22.7x | 9.8x |
| Sat, 22 Jul 2023 | JP¥4.2t | JP¥427.4b | JP¥192.9b | 20.8x | 21.8x | 9.8x |
| Mon, 19 Jun 2023 | JP¥4.0t | JP¥423.9b | JP¥187.8b | 20.4x | 21.4x | 9.5x |
| Wed, 17 May 2023 | JP¥4.0t | JP¥417.8b | JP¥184.2b | 20.6x | 21.5x | 9.5x |
| Fri, 14 Apr 2023 | JP¥4.1t | JP¥427.0b | JP¥190.5b | 21.1x | 21.8x | 9.7x |
| Sun, 12 Mar 2023 | JP¥4.3t | JP¥430.6b | JP¥194.7b | 20.9x | 21.9x | 9.9x |
| Tue, 07 Feb 2023 | JP¥4.3t | JP¥432.9b | JP¥196.9b | 20.7x | 21.7x | 9.8x |
| Thu, 05 Jan 2023 | JP¥4.3t | JP¥432.3b | JP¥196.9b | 21.2x | 21.9x | 10x |
| Sat, 03 Dec 2022 | JP¥4.5t | JP¥431.1b | JP¥196.5b | 22.1x | 22.9x | 10.4x |
| Mon, 31 Oct 2022 | JP¥4.6t | JP¥429.5b | JP¥195.4b | 22.6x | 23.8x | 10.8x |
| Wed, 28 Sep 2022 | JP¥4.6t | JP¥429.2b | JP¥194.9b | 22.9x | 23.5x | 10.6x |
| Fri, 26 Aug 2022 | JP¥4.7t | JP¥427.8b | JP¥193.4b | 23.3x | 24.5x | 11.1x |
| Sun, 24 Jul 2022 | JP¥4.7t | JP¥420.3b | JP¥188.8b | 22.5x | 24.9x | 11.2x |
| Tue, 21 Jun 2022 | JP¥4.5t | JP¥422.6b | JP¥189.6b | 21.9x | 23.8x | 10.7x |
| Thu, 19 May 2022 | JP¥4.7t | JP¥422.2b | JP¥190.8b | 22.6x | 24.6x | 11.1x |
| Sat, 16 Apr 2022 | JP¥4.7t | JP¥420.0b | JP¥189.9b | 23.4x | 24.5x | 11.1x |
| Mon, 14 Mar 2022 | JP¥4.6t | JP¥437.5b | JP¥197.5b | 22.3x | 23.1x | 10.4x |
| Wed, 09 Feb 2022 | JP¥4.5t | JP¥426.9b | JP¥191.5b | 22.5x | 23.7x | 10.6x |
| Fri, 07 Jan 2022 | JP¥4.8t | JP¥428.0b | JP¥191.7b | 21.1x | 24.9x | 11.1x |
| Sun, 05 Dec 2021 | JP¥4.9t | JP¥430.8b | JP¥192.9b | 24x | 25.4x | 11.4x |
| Tue, 02 Nov 2021 | JP¥5.1t | JP¥428.5b | JP¥191.7b | 24.2x | 26.6x | 11.9x |
| Thu, 30 Sep 2021 | JP¥5.1t | JP¥421.2b | JP¥186.2b | 25.2x | 27.6x | 12.2x |
| Sat, 28 Aug 2021 | JP¥5.3t | JP¥420.8b | JP¥186.1b | 26.1x | 28.3x | 12.5x |
| Sun, 04 Jul 2021 | JP¥5.2t | JP¥420.8b | JP¥186.1b | 26x | 28.1x | 12.4x |
| Wed, 07 Apr 2021 | JP¥4.9t | JP¥420.2b | JP¥186.6b | 24.7x | 26.4x | 11.7x |
| Sat, 09 Jan 2021 | JP¥4.4t | JP¥421.3b | JP¥188.2b | 21.6x | 23.2x | 10.4x |
Price to Earnings Ratio
22.4x
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 24.2x.
- The industry is trading close to its 3-year average PS ratio of 10.8x.
Past Earnings Growth
- The earnings for companies in the Office REITs industry have declined 2.9% per year over the last three years,
- Revenues have also declined 2.0% 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 | -0.014% | |
| Real Estate | 0.35% | |
| REITS | -0.36% | |
| Office REITs | 1.88% | |
| Industrial REITs | 1.14% | |
| Healthcare REITs | 1.13% | |
| Specialized REITs | 0% | |
| Retail REITs | -0.20% | |
| Diversified REITs | -0.38% | |
| Residential REITs | -0.65% | |
| Hotel and Resort REITs | -1.31% | |
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 | |
|---|---|---|---|---|---|
| 3476 MIRAI | JP¥43.85k | 1.3% +JP¥6.7b | -5.8% | PB1x | |
| 8958 Global One Real Estate Investment | JP¥111.90k | 1.7% +JP¥1.9b | 5.6% | PB1.1x | |
| 3290 One REIT | JP¥263.70k | 0.7% +JP¥483.2m | 5.2% | PB1.2x | |
| 8987 Japan Excellent | JP¥132.40k | 0.08% +JP¥133.8m | -1.6% | PB1.2x | |
| 2972 SANKEI REAL ESTATE | JP¥90.80k | 0.1% +JP¥46.7m | -1.5% | PB0.8x |