Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Japanese (NIKKEI) Office REITs Industry Analysis

UpdatedFeb 05, 2026
DataAggregated Company Financials
Companies12
  • 7D2.3%
  • 3M0.9%
  • 1Y21.7%
  • YTDn/a

In the last week, the Office REITs industry is up 1.9%, with Nippon Building Fund up 4.0%. This takes the industry's 12 month performance to a gain of 20%. Looking forward, earnings are forecast to decline by 3.0% per year.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 05 Feb 2026JP¥4.7tJP¥425.9bJP¥194.6b23.3x23.9x10.9x
Sat, 03 Jan 2026JP¥4.6tJP¥425.1bJP¥194.3b22.4x23.7x10.8x
Mon, 01 Dec 2025JP¥4.7tJP¥417.0bJP¥190.9b23.5x24.6x11.3x
Wed, 29 Oct 2025JP¥4.5tJP¥417.1bJP¥190.1b22.9x23.9x10.9x
Fri, 26 Sep 2025JP¥4.3tJP¥396.5bJP¥178.9b23.9x24.2x10.9x
Sun, 24 Aug 2025JP¥4.4tJP¥396.7bJP¥178.3b24.2x24.4x11x
Tue, 22 Jul 2025JP¥4.1tJP¥391.9bJP¥174.7b23.1x23.2x10.4x
Thu, 19 Jun 2025JP¥4.0tJP¥389.7bJP¥172.9b22.5x23x10.2x
Sat, 17 May 2025JP¥3.9tJP¥390.8bJP¥172.4b21.6x22.5x9.9x
Mon, 14 Apr 2025JP¥3.8tJP¥385.0bJP¥165.9b21.6x23.1x10x
Wed, 12 Mar 2025JP¥3.6tJP¥393.1bJP¥173.2b19.9x20.9x9.2x
Fri, 07 Feb 2025JP¥3.7tJP¥387.3bJP¥168.6b20.5x21.8x9.5x
Sun, 05 Jan 2025JP¥3.6tJP¥392.7bJP¥170.2b18.8x20.9x9.1x
Tue, 03 Dec 2024JP¥3.6tJP¥392.6bJP¥170.2b18.9x21.3x9.3x
Thu, 31 Oct 2024JP¥3.8tJP¥398.9bJP¥173.3b19.1x21.8x9.5x
Sat, 28 Sep 2024JP¥2.8tJP¥400.6bJP¥165.6b19.8x16.9x7x
Mon, 26 Aug 2024JP¥3.8tJP¥400.5bJP¥165.7b19.8x22.7x9.4x
Wed, 24 Jul 2024JP¥3.6tJP¥404.7bJP¥166.6b20x21.5x8.8x
Fri, 21 Jun 2024JP¥3.6tJP¥404.7bJP¥166.6b20x21.5x8.9x
Sun, 19 May 2024JP¥3.7tJP¥403.4bJP¥169.6b20.8x22x9.2x
Tue, 16 Apr 2024JP¥3.7tJP¥390.9bJP¥163.5b20.5x22.4x9.4x
Thu, 14 Mar 2024JP¥3.5tJP¥391.3bJP¥163.1b19.6x21.7x9x
Sat, 10 Feb 2024JP¥3.7tJP¥392.5bJP¥165.0b20x22.5x9.4x
Mon, 08 Jan 2024JP¥3.9tJP¥392.6bJP¥165.2b21.3x23.7x10x
Wed, 06 Dec 2023JP¥3.9tJP¥394.9bJP¥164.5b21.9x23.7x9.9x
Fri, 03 Nov 2023JP¥4.2tJP¥423.9bJP¥181.1b21.5x23x9.8x
Sun, 01 Oct 2023JP¥4.2tJP¥424.8bJP¥184.9b21.6x22.8x9.9x
Tue, 29 Aug 2023JP¥4.2tJP¥428.0bJP¥184.9b21.9x23x9.9x
Thu, 27 Jul 2023JP¥4.3tJP¥426.2bJP¥190.9b21.9x22.3x10x
Sat, 24 Jun 2023JP¥4.0tJP¥427.2bJP¥192.9b20.4x20.7x9.3x
Mon, 22 May 2023JP¥3.9tJP¥417.8bJP¥184.2b20.3x21.3x9.4x
Wed, 19 Apr 2023JP¥4.2tJP¥427.1bJP¥190.2b21.3x21.9x9.8x
Fri, 17 Mar 2023JP¥4.2tJP¥430.6bJP¥194.7b20.5x21.4x9.7x
Sun, 12 Feb 2023JP¥4.2tJP¥432.9bJP¥196.9b20.5x21.4x9.7x
Price to Earnings Ratio

21.4x


Total Market Cap: JP¥4.2tTotal Earnings: JP¥196.9bTotal Revenue: JP¥432.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Office REITs Industry Price to Earnings3Y Average 22.5x202420252026
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 3-year average PS ratio of 9.8x is lower than the industry's current PS ratio of 10.8x.
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 Market3.18%
Real Estate3.92%
REITS0.96%
Office REITs2.29%
Retail REITs2.21%
Diversified REITs0.96%
Hotel and Resort REITs0.40%
Industrial REITs0.39%
Healthcare REITs0%0
Residential REITs-0.97%
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¥146.50k3.5%
+JP¥44.0b		19.5%PB1.8x
8952 Japan Real Estate InvestmentJP¥127.60k3.0%
+JP¥26.3b		17.5%PB1.7x
8954 ORIX JREITJP¥105.90k1.6%
+JP¥9.4b		24.1%PB1.7x
8955 Japan Prime Realty InvestmentJP¥106.00k1.7%
+JP¥7.1b		24.7%PB1.5x
8976 Daiwa Office InvestmentJP¥373.00k1.5%
+JP¥5.2b		28.6%PB1.5x

Latest News

2972
JP¥131,500.00
SANKEI REAL ESTATE
7D
-0.9%
1Y
58.6%
8954
JP¥105,900.00
ORIX JREIT
7D
1.6%
1Y
24.1%
8952
JP¥127,600.00
Japan Real Estate Investment
7D
3.0%
1Y
17.5%

8952: Future Returns Will Stay Steady As Asset Purchase And Payouts Remain Disciplined

Analysts have increased their price target on Japan Real Estate Investment to ¥131,110 from ¥130,410, reflecting small adjustments to discount rate assumptions, revenue growth inputs, and a slightly higher future P/E multiple in their models. What's in the News Japan Real Estate Investment Corporation plans to acquire an additional 28.68% ownership interest in the Kandabashi Park Building in central Tokyo for ¥2,150 million.
8976
JP¥373,000.00
Daiwa Office Investment
7D
1.5%
1Y
28.6%
8951
JP¥146,500.00
Nippon Building Fund
7D
3.5%
1Y
19.5%
8957
JP¥211,500.00
Tokyu REIT
7D
2.1%
1Y
30.1%
8955
JP¥106,000.00
Japan Prime Realty Investment
7D
1.7%
1Y
24.7%
8975
JP¥98,700.00
Ichigo Office REIT Investment
7D
2.6%
1Y
17.9%
8987
JP¥151,500.00
Japan Excellent
7D
0.9%
1Y
20.8%