Header cover image

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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 01 Dec 2023JP¥4.0tJP¥395.1bJP¥167.7b22.4x23.6x10x
Sun, 29 Oct 2023JP¥4.2tJP¥424.1bJP¥181.1b21.5x23.3x9.9x
Tue, 26 Sep 2023JP¥4.2tJP¥424.8bJP¥184.9b21.4x22.9x10x
Thu, 24 Aug 2023JP¥4.2tJP¥428.0bJP¥184.9b21.7x22.7x9.8x
Sat, 22 Jul 2023JP¥4.2tJP¥427.4bJP¥192.9b20.8x21.8x9.8x
Mon, 19 Jun 2023JP¥4.0tJP¥423.9bJP¥187.8b20.4x21.4x9.5x
Wed, 17 May 2023JP¥4.0tJP¥417.8bJP¥184.2b20.6x21.5x9.5x
Fri, 14 Apr 2023JP¥4.1tJP¥427.0bJP¥190.5b21.1x21.8x9.7x
Sun, 12 Mar 2023JP¥4.3tJP¥430.6bJP¥194.7b20.9x21.9x9.9x
Tue, 07 Feb 2023JP¥4.3tJP¥432.9bJP¥196.9b20.7x21.7x9.8x
Thu, 05 Jan 2023JP¥4.3tJP¥432.3bJP¥196.9b21.2x21.9x10x
Sat, 03 Dec 2022JP¥4.5tJP¥431.1bJP¥196.5b22.1x22.9x10.4x
Mon, 31 Oct 2022JP¥4.6tJP¥429.5bJP¥195.4b22.6x23.8x10.8x
Wed, 28 Sep 2022JP¥4.6tJP¥429.2bJP¥194.9b22.9x23.5x10.6x
Fri, 26 Aug 2022JP¥4.7tJP¥427.8bJP¥193.4b23.3x24.5x11.1x
Sun, 24 Jul 2022JP¥4.7tJP¥420.3bJP¥188.8b22.5x24.9x11.2x
Tue, 21 Jun 2022JP¥4.5tJP¥422.6bJP¥189.6b21.9x23.8x10.7x
Thu, 19 May 2022JP¥4.7tJP¥422.2bJP¥190.8b22.6x24.6x11.1x
Sat, 16 Apr 2022JP¥4.7tJP¥420.0bJP¥189.9b23.4x24.5x11.1x
Mon, 14 Mar 2022JP¥4.6tJP¥437.5bJP¥197.5b22.3x23.1x10.4x
Wed, 09 Feb 2022JP¥4.5tJP¥426.9bJP¥191.5b22.5x23.7x10.6x
Fri, 07 Jan 2022JP¥4.8tJP¥428.0bJP¥191.7b21.1x24.9x11.1x
Sun, 05 Dec 2021JP¥4.9tJP¥430.8bJP¥192.9b24x25.4x11.4x
Tue, 02 Nov 2021JP¥5.1tJP¥428.5bJP¥191.7b24.2x26.6x11.9x
Thu, 30 Sep 2021JP¥5.1tJP¥421.2bJP¥186.2b25.2x27.6x12.2x
Sat, 28 Aug 2021JP¥5.3tJP¥420.8bJP¥186.1b26.1x28.3x12.5x
Sun, 04 Jul 2021JP¥5.2tJP¥420.8bJP¥186.1b26x28.1x12.4x
Wed, 07 Apr 2021JP¥4.9tJP¥420.2bJP¥186.6b24.7x26.4x11.7x
Sat, 09 Jan 2021JP¥4.4tJP¥421.3bJP¥188.2b21.6x23.2x10.4x
Price to Earnings Ratio

22.4x


Total Market Cap: JP¥4.1tTotal Earnings: JP¥182.9bTotal Revenue: JP¥419.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Office REITs Industry Price to Earnings3Y Average 24.2x202120222023
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 Estate0.35%
REITS-0.36%
Office REITs1.88%
Industrial REITs1.14%
Healthcare REITs1.13%
Specialized REITs0%
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?

CompanyLast Price7D1YValuation
3476 MIRAIJP¥43.85k1.3%
+JP¥6.7b
-5.8%PB1x
8958 Global One Real Estate InvestmentJP¥111.90k1.7%
+JP¥1.9b
5.6%PB1.1x
3290 One REITJP¥263.70k0.7%
+JP¥483.2m
5.2%PB1.2x
8987 Japan ExcellentJP¥132.40k0.08%
+JP¥133.8m
-1.6%PB1.2x
2972 SANKEI REAL ESTATEJP¥90.80k0.1%
+JP¥46.7m
-1.5%PB0.8x
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

3476

JP¥43,850.00

MIRAI

7D

1.3%

1Y

-5.8%

8976

JP¥662,000.00

Daiwa Office Investment

7D

-4.3%

1Y

-1.2%

8958

JP¥111,900.00

Global One Real Estate Investment

7D

1.7%

1Y

5.6%

8975

JP¥84,300.00

Ichigo Office REIT Investment

7D

-0.8%

1Y

0%

8952

JP¥562,000.00

Japan Real Estate Investment

7D

-2.3%

1Y

-6.8%

8987

JP¥132,400.00

Japan Excellent

7D

0.08%

1Y

-1.6%

3234

JP¥139,300.00

Mori Hills REIT Investment

7D

-1.0%

1Y

-12.4%

3290

JP¥263,700.00

One REIT

7D

0.7%

1Y

5.2%

8954

JP¥170,000.00

ORIX JREIT

7D

-0.6%

1Y

-9.1%

2972

JP¥90,800.00

SANKEI REAL ESTATE

7D

0.1%

1Y

-1.5%

8951

JP¥607,000.00

Nippon Building Fund

7D

-0.3%

1Y

-2.1%

8955

JP¥359,500.00

Japan Prime Realty Investment

7D

-0.7%

1Y

-6.4%