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Japanese (NIKKEI) Office REITs Industry Analysis
UpdatedFeb 15, 2026
DataAggregated Company Financials
Companies12
- 7D-1.0%
- 3M-1.8%
- 1Y19.2%
- YTDn/a
Over the last 7 days, the Office REITs industry has dropped 1.0%, driven by Nippon Building Fund declining 1.9%. This takes the industry's 12 month performance to a gain of 19%. In the next few years, earnings are forecast to decline by 3.1% annually.
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 |
|---|---|---|---|---|---|---|
| Sun, 15 Feb 2026 | JP¥4.6t | JP¥425.9b | JP¥194.6b | 23x | 23.5x | 10.7x |
| Tue, 13 Jan 2026 | JP¥4.6t | JP¥425.1b | JP¥194.3b | 23.5x | 23.8x | 10.9x |
| Thu, 11 Dec 2025 | JP¥4.5t | JP¥417.0b | JP¥190.9b | 22.9x | 23.8x | 10.9x |
| Sat, 08 Nov 2025 | JP¥4.6t | JP¥416.9b | JP¥190.1b | 23x | 24.2x | 11x |
| Mon, 06 Oct 2025 | JP¥4.4t | JP¥413.9b | JP¥188.5b | 22.3x | 23.4x | 10.7x |
| Wed, 03 Sep 2025 | JP¥4.3t | JP¥396.7b | JP¥178.3b | 24.2x | 24.4x | 11x |
| Fri, 01 Aug 2025 | JP¥4.2t | JP¥391.9b | JP¥174.7b | 24x | 24x | 10.7x |
| Sun, 29 Jun 2025 | JP¥4.0t | JP¥391.9b | JP¥174.7b | 22.6x | 22.8x | 10.2x |
| Tue, 27 May 2025 | JP¥3.9t | JP¥392.6b | JP¥173.1b | 21.7x | 22.4x | 9.9x |
| Thu, 24 Apr 2025 | JP¥3.9t | JP¥379.7b | JP¥166.1b | 21.6x | 23.3x | 10.2x |
| Sat, 22 Mar 2025 | JP¥3.7t | JP¥359.5b | JP¥158.5b | 20.8x | 23.6x | 10.4x |
| Mon, 17 Feb 2025 | JP¥3.7t | JP¥387.3b | JP¥168.6b | 20.5x | 21.7x | 9.5x |
| Wed, 15 Jan 2025 | JP¥3.5t | JP¥392.7b | JP¥170.2b | 19x | 20.7x | 9x |
| Fri, 13 Dec 2024 | JP¥3.6t | JP¥392.7b | JP¥170.2b | 18.7x | 21x | 9.1x |
| Sun, 10 Nov 2024 | JP¥3.7t | JP¥387.3b | JP¥168.9b | 19.3x | 21.9x | 9.6x |
| Tue, 08 Oct 2024 | JP¥3.8t | JP¥403.7b | JP¥169.6b | 19.4x | 22.3x | 9.4x |
| Thu, 05 Sep 2024 | JP¥3.8t | JP¥400.5b | JP¥165.7b | 20x | 23x | 9.5x |
| Sat, 03 Aug 2024 | JP¥3.5t | JP¥403.2b | JP¥165.7b | 19.9x | 21.4x | 8.8x |
| Mon, 01 Jul 2024 | JP¥3.6t | JP¥404.7b | JP¥166.6b | 20x | 21.3x | 8.8x |
| Wed, 29 May 2024 | JP¥3.6t | JP¥403.9b | JP¥170.0b | 20.3x | 21.1x | 8.9x |
| Fri, 26 Apr 2024 | JP¥3.7t | JP¥398.9b | JP¥167.1b | 20.7x | 22.3x | 9.3x |
| Sun, 24 Mar 2024 | JP¥3.8t | JP¥390.8b | JP¥163.0b | 21.3x | 23.3x | 9.7x |
| Tue, 20 Feb 2024 | JP¥3.6t | JP¥391.3b | JP¥163.1b | 20.3x | 22.2x | 9.3x |
| Thu, 18 Jan 2024 | JP¥3.9t | JP¥392.6b | JP¥165.2b | 21.2x | 23.4x | 9.8x |
| Sat, 16 Dec 2023 | JP¥3.9t | JP¥395.0b | JP¥164.5b | 21.9x | 23.7x | 9.9x |
| Mon, 13 Nov 2023 | JP¥4.5t | JP¥423.9b | JP¥181.1b | 22x | 24.9x | 10.6x |
| Wed, 11 Oct 2023 | JP¥4.2t | JP¥424.6b | JP¥184.9b | 21.7x | 22.6x | 9.8x |
| Fri, 08 Sep 2023 | JP¥4.4t | JP¥424.6b | JP¥184.9b | 22.3x | 23.6x | 10.3x |
| Sun, 06 Aug 2023 | JP¥4.2t | JP¥428.6b | JP¥191.8b | 21.4x | 21.8x | 9.8x |
| Tue, 04 Jul 2023 | JP¥4.1t | JP¥427.2b | JP¥192.9b | 21.2x | 21.4x | 9.7x |
| Thu, 01 Jun 2023 | JP¥4.0t | JP¥418.8b | JP¥184.9b | 21x | 21.7x | 9.6x |
| Sat, 29 Apr 2023 | JP¥4.2t | JP¥429.2b | JP¥192.0b | 20.6x | 22.1x | 9.9x |
| Mon, 27 Mar 2023 | JP¥4.1t | JP¥430.6b | JP¥194.7b | 20.5x | 21.2x | 9.6x |
| Wed, 22 Feb 2023 | JP¥4.2t | JP¥430.3b | JP¥194.7b | 20.9x | 21.7x | 9.8x |
Price to Earnings Ratio
21.7x
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 22.5x.
- The industry is trading close to its 3-year average PS ratio of 9.8x.
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 Market | 3.26% | |
| Real Estate | 4.05% | |
| REITS | -0.43% | |
| Office REITs | -1.02% | |
| Healthcare REITs | 2.11% | |
| Hotel and Resort REITs | 1.03% | |
| Diversified REITs | -0.43% | |
| Residential REITs | -0.68% | |
| Retail REITs | -0.75% | |
| Industrial REITs | -1.62% | |
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 | |
|---|---|---|---|---|---|
| 8955 Japan Prime Realty Investment | JP¥106.30k | 0.9% +JP¥3.5b | 24.5% | PB1.5x | |
| 8958 Global One Real Estate Investment | JP¥139.10k | 0.4% +JP¥583.4m | 30.7% | PB1.4x | |
| 8957 Tokyu REIT | JP¥210.50k | 0.05% +JP¥96.1m | 26.9% | PB1.6x |