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Japanese (NIKKEI) Office REITs Industry Analysis

UpdatedJul 10, 2025
DataAggregated Company Financials
Companies11
  • 7D-1.2%
  • 3M3.7%
  • 1Y14.6%
  • YTDn/a

In the last week, the Office REITs industry is flat overall, with Nippon Building Fund standing out by going down 3.0%. The past year has been better, since the industry has gained 15% in that time. As for the next few years, earnings are forecast to decline by 3.2% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 10 Jul 2025JP¥4.0tJP¥391.9bJP¥174.7b22.6x22.7x10.1x
Sat, 07 Jun 2025JP¥4.0tJP¥389.7bJP¥172.9b22.3x22.9x10.2x
Mon, 05 May 2025JP¥3.9tJP¥390.8bJP¥172.4b21.9x22.7x10x
Wed, 02 Apr 2025JP¥3.8tJP¥359.5bJP¥158.5b21x23.7x10.5x
Fri, 28 Feb 2025JP¥3.8tJP¥393.1bJP¥173.2b20.9x21.7x9.6x
Sun, 26 Jan 2025JP¥3.6tJP¥394.2bJP¥171.2b19.7x20.9x9.1x
Tue, 24 Dec 2024JP¥3.6tJP¥392.7bJP¥170.2b18.7x21x9.1x
Thu, 21 Nov 2024JP¥3.7tJP¥391.3bJP¥170.7b19.3x21.7x9.5x
Sat, 19 Oct 2024JP¥3.8tJP¥398.4bJP¥169.7b19.4x22.2x9.5x
Mon, 16 Sep 2024JP¥3.9tJP¥400.5bJP¥165.7b20x23.6x9.8x
Wed, 14 Aug 2024JP¥3.7tJP¥403.4bJP¥166.0b19.6x22.1x9.1x
Fri, 12 Jul 2024JP¥3.5tJP¥404.7bJP¥166.6b20x21.3x8.8x
Sun, 09 Jun 2024JP¥3.6tJP¥408.8bJP¥169.9b19.8x21.1x8.8x
Tue, 07 May 2024JP¥3.8tJP¥399.3bJP¥167.1b20.8x22.6x9.5x
Thu, 04 Apr 2024JP¥3.7tJP¥390.9bJP¥163.5b20.5x22.4x9.4x
Sat, 02 Mar 2024JP¥3.6tJP¥391.3bJP¥163.1b20.2x22.2x9.2x
Mon, 29 Jan 2024JP¥3.8tJP¥392.4bJP¥164.9b21.2x23.1x9.7x
Wed, 27 Dec 2023JP¥3.8tJP¥393.8bJP¥164.2b21.3x23.3x9.7x
Fri, 24 Nov 2023JP¥3.9tJP¥395.1bJP¥167.7b21.5x23.1x9.8x
Sun, 22 Oct 2023JP¥4.1tJP¥424.5bJP¥184.9b21.3x22.3x9.7x
Tue, 19 Sep 2023JP¥4.3tJP¥424.8bJP¥184.9b21.9x23.1x10x
Thu, 17 Aug 2023JP¥4.2tJP¥428.6bJP¥191.8b21.6x22x9.9x
Sat, 15 Jul 2023JP¥4.1tJP¥427.4bJP¥192.9b20.7x21.5x9.7x
Mon, 12 Jun 2023JP¥4.0tJP¥418.8bJP¥184.4b20.6x21.7x9.6x
Wed, 10 May 2023JP¥4.0tJP¥416.7bJP¥184.1b20.4x21.6x9.5x
Fri, 07 Apr 2023JP¥4.2tJP¥432.2bJP¥195.6b20.8x21.4x9.7x
Sun, 05 Mar 2023JP¥4.3tJP¥430.6bJP¥194.7b21.1x22.1x10x
Tue, 31 Jan 2023JP¥4.3tJP¥432.4bJP¥196.8b20.9x21.9x10x
Thu, 29 Dec 2022JP¥4.4tJP¥432.3bJP¥196.9b21.8x22.4x10.2x
Sat, 26 Nov 2022JP¥4.5tJP¥431.1bJP¥196.5b22.3x23.1x10.5x
Mon, 24 Oct 2022JP¥4.4tJP¥429.7bJP¥195.4b21.5x22.3x10.1x
Wed, 21 Sep 2022JP¥4.8tJP¥429.2bJP¥194.9b23.5x24.4x11.1x
Fri, 19 Aug 2022JP¥4.7tJP¥428.6bJP¥193.9b23.1x24.5x11.1x
Sun, 17 Jul 2022JP¥4.6tJP¥420.3bJP¥188.8b22.6x24.4x11x
Price to Earnings Ratio

24.4x


Total Market Cap: JP¥4.6tTotal Earnings: JP¥188.8bTotal Revenue: JP¥420.3bTotal 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 industry is trading close to its 3-year average PS ratio of 9.8x.
Past Earnings Growth
  • The earnings for companies in the Office REITs industry have declined 2.5% per year over the last three years,
  • Revenues have also declined 2.3% 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 Market0.12%
Real Estate-0.43%
REITS-0.017%
Office REITs-1.22%
Hotel and Resort REITs1.97%
Residential REITs0.84%
Retail REITs0.31%
Diversified REITs-0.017%
Industrial REITs-0.80%
Healthcare REITs-0.95%
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
8958 Global One Real Estate InvestmentJP¥139.40k3.3%
+JP¥4.4b
38.2%PB1.3x
8955 Japan Prime Realty InvestmentJP¥95.10k1.2%
+JP¥4.3b
17.4%PB1.4x
8954 ORIX JREITJP¥191.60k0.4%
+JP¥1.9b
22.4%PB1.5x
8975 Ichigo Office REIT InvestmentJP¥92.10k1.2%
+JP¥1.7b
12.7%PB1.3x
8976 Daiwa Office InvestmentJP¥322.50k0.5%
+JP¥1.4b
12.6%PB1.2x

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