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Japanese (NIKKEI) Office REITs Industry Analysis

UpdatedAug 19, 2025
DataAggregated Company Financials
Companies11
  • 7D0.4%
  • 3M11.5%
  • 1Y17.4%
  • YTDn/a

In the last week, Office REITs has been flat. As for the the longer term, the industry is up 17% over the past 12 months. In the next few years, earnings are forecast to decline by 2.6% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 19 Aug 2025JP¥4.3tJP¥396.7bJP¥178.3b23.9x24.1x10.8x
Thu, 17 Jul 2025JP¥4.1tJP¥391.9bJP¥174.7b23.2x23.2x10.4x
Sat, 14 Jun 2025JP¥4.0tJP¥389.7bJP¥172.9b22.5x23.1x10.2x
Mon, 12 May 2025JP¥3.9tJP¥390.8bJP¥172.4b21.5x22.5x9.9x
Wed, 09 Apr 2025JP¥3.7tJP¥385.0bJP¥166.0b20.9x22.5x9.7x
Fri, 07 Mar 2025JP¥3.7tJP¥393.1bJP¥173.2b20.1x21.2x9.3x
Sun, 02 Feb 2025JP¥3.7tJP¥394.2bJP¥171.2b20.3x21.4x9.3x
Tue, 31 Dec 2024JP¥3.6tJP¥392.7bJP¥170.2b18.8x20.9x9.1x
Thu, 28 Nov 2024JP¥3.7tJP¥391.3bJP¥170.7b19.4x21.5x9.4x
Sat, 26 Oct 2024JP¥3.7tJP¥398.9bJP¥173.3b19x21.6x9.4x
Mon, 23 Sep 2024JP¥3.9tJP¥400.6bJP¥165.6b19.6x23.4x9.7x
Wed, 21 Aug 2024JP¥3.8tJP¥402.8bJP¥165.4b20.2x22.7x9.3x
Fri, 19 Jul 2024JP¥3.6tJP¥404.7bJP¥166.6b20.3x21.9x9x
Sun, 16 Jun 2024JP¥3.6tJP¥408.8bJP¥169.9b19.8x21x8.7x
Tue, 14 May 2024JP¥3.7tJP¥399.3bJP¥167.1b20.8x22.4x9.4x
Thu, 11 Apr 2024JP¥3.7tJP¥390.9bJP¥163.5b20.8x22.7x9.5x
Sat, 09 Mar 2024JP¥3.6tJP¥391.3bJP¥163.1b19.7x21.8x9.1x
Mon, 05 Feb 2024JP¥3.8tJP¥392.5bJP¥165.0b20.7x23.1x9.7x
Wed, 03 Jan 2024JP¥3.9tJP¥393.5bJP¥165.2b21x23.4x9.8x
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
Price to Earnings Ratio

24.5x


Total Market Cap: JP¥4.7tTotal Earnings: JP¥193.4bTotal Revenue: JP¥427.8bTotal 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 3-year average PS ratio of 9.8x is lower than the industry's current PS ratio of 10.7x.
Past Earnings Growth
  • The earnings for companies in the Office REITs industry have declined 2.7% per year over the last three years,
  • Revenues have also declined 2.5% 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 Market3.05%
Real Estate1.04%
REITS0.64%
Office REITs0.43%
Healthcare REITs1.64%
Hotel and Resort REITs0.83%
Diversified REITs0.64%
Retail REITs0.59%
Industrial REITs0.36%
Residential REITs0.30%
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
8951 Nippon Building FundJP¥144.80k2.8%
+JP¥33.7b		14.7%PB1.8x
8952 Japan Real Estate InvestmentJP¥129.70k1.0%
+JP¥9.2b		16.6%PB1.7x
8987 Japan ExcellentJP¥147.10k2.4%
+JP¥4.5b		19.8%PB1.3x
3234 Mori Hills REIT InvestmentJP¥141.30k1.6%
+JP¥4.2b		10.5%PB1.3x
8975 Ichigo Office REIT InvestmentJP¥98.30k2.1%
+JP¥3.1b		16.5%PB1.4x

Latest News

8987
JP¥147,100.00
Japan Excellent
7D
2.4%
1Y
19.8%
8955
JP¥102,600.00
Japan Prime Realty Investment
7D
0.6%
1Y
23.4%
8954
JP¥201,900.00
ORIX JREIT
7D
0.4%
1Y
29.0%
3234
JP¥141,300.00
Mori Hills REIT Investment
7D
1.6%
1Y
10.5%
8975
JP¥98,300.00
Ichigo Office REIT Investment
7D
2.1%
1Y
16.5%
8951
JP¥144,800.00
Nippon Building Fund
7D
2.8%
1Y
14.7%
8958
JP¥145,500.00
Global One Real Estate Investment
7D
0.8%
1Y
41.3%
8952
JP¥129,700.00
Japan Real Estate Investment
7D
1.0%
1Y
16.6%
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