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Japanese (NIKKEI) Office REITs Industry Analysis

UpdatedApr 30, 2024
DataAggregated Company Financials
Companies12
  • 7D0.4%
  • 3M-2.0%
  • 1Y-0.2%
  • YTDn/a

Over the last 7 days, the Office REITs industry has remained flat. Furthermore, the industry has been flat for the past year as well. In the next few years, earnings are forecast to decline by 2.7% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 30 Apr 2024JP¥3.7tJP¥399.3bJP¥167.1b20.6x22.3x9.3x
Thu, 28 Mar 2024JP¥3.8tJP¥390.9bJP¥163.5b21.2x23x9.6x
Sat, 24 Feb 2024JP¥3.6tJP¥391.3bJP¥163.1b20.3x22.3x9.3x
Mon, 22 Jan 2024JP¥3.9tJP¥392.6bJP¥165.2b21.1x23.3x9.8x
Wed, 20 Dec 2023JP¥3.8tJP¥393.8bJP¥164.2b21.6x23.4x9.8x
Fri, 17 Nov 2023JP¥4.6tJP¥423.9bJP¥181.1b22x25.4x10.8x
Sun, 15 Oct 2023JP¥4.2tJP¥424.5bJP¥184.9b21.5x22.5x9.8x
Tue, 12 Sep 2023JP¥4.3tJP¥424.6bJP¥184.9b22x23.1x10.1x
Thu, 10 Aug 2023JP¥4.2tJP¥428.6bJP¥191.8b21.5x22x9.9x
Sat, 08 Jul 2023JP¥4.1tJP¥427.4bJP¥192.9b20.8x21.2x9.6x
Mon, 05 Jun 2023JP¥3.9tJP¥419.0bJP¥184.8b20.3x21.4x9.4x
Wed, 03 May 2023JP¥4.2tJP¥429.2bJP¥192.0b20.6x22.1x9.9x
Fri, 31 Mar 2023JP¥4.2tJP¥432.2bJP¥195.6b20.8x21.3x9.6x
Sun, 26 Feb 2023JP¥4.3tJP¥430.3bJP¥194.7b21.2x22x10x
Tue, 24 Jan 2023JP¥4.2tJP¥432.4bJP¥196.8b20.4x21.3x9.7x
Thu, 22 Dec 2022JP¥4.3tJP¥432.1bJP¥196.8b21.3x22x10x
Sat, 19 Nov 2022JP¥4.5tJP¥432.5bJP¥197.4b22.1x22.9x10.5x
Mon, 17 Oct 2022JP¥4.5tJP¥429.8bJP¥196.1b21.9x22.7x10.4x
Wed, 14 Sep 2022JP¥4.8tJP¥427.8bJP¥194.0b23.4x24.6x11.1x
Fri, 12 Aug 2022JP¥4.7tJP¥421.2bJP¥189.4b22.7x25x11.2x
Sun, 10 Jul 2022JP¥4.6tJP¥420.4bJP¥189.6b22.4x24.1x10.9x
Tue, 07 Jun 2022JP¥4.7tJP¥421.4bJP¥189.4b22.5x25x11.2x
Thu, 05 May 2022JP¥4.7tJP¥420.6bJP¥190.3b22.7x24.5x11.1x
Sat, 02 Apr 2022JP¥4.8tJP¥419.9bJP¥190.0b24.2x25.1x11.3x
Mon, 28 Feb 2022JP¥4.6tJP¥436.7bJP¥195.9b22.2x23.4x10.5x
Wed, 26 Jan 2022JP¥4.5tJP¥427.1bJP¥191.4b21.9x23.7x10.6x
Fri, 24 Dec 2021JP¥4.8tJP¥428.1bJP¥191.6b23x25x11.2x
Sun, 21 Nov 2021JP¥5.0tJP¥428.5bJP¥191.7b24.5x26.1x11.7x
Tue, 19 Oct 2021JP¥5.2tJP¥429.1bJP¥192.5b24.6x26.8x12x
Thu, 16 Sep 2021JP¥5.2tJP¥421.1bJP¥186.3b24.9x27.8x12.3x
Sat, 14 Aug 2021JP¥5.2tJP¥420.8bJP¥186.1b25.2x28x12.4x
Wed, 09 Jun 2021JP¥5.1tJP¥420.6bJP¥186.5b25.2x27.6x12.2x
Price to Earnings Ratio

27.8x


Total Market Cap: JP¥5.2tTotal Earnings: JP¥186.1bTotal Revenue: JP¥420.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Office REITs Industry Price to Earnings3Y Average 23.9x202220232024
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 24.0x.
  • The 3-year average PS ratio of 10.6x is higher than the industry's current PS ratio of 9.3x.
Past Earnings Growth
  • The earnings for companies in the Office REITs industry have declined 3.5% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Comparison

How does Japanese Office REITs compare with similar industries?

JP Market0.80%
Real Estate0.088%
REITS-0.67%
Office REITs0.36%
Hotel and Resort REITs2.48%
Residential REITs1.47%
Healthcare REITs0.92%
Industrial REITs0.59%
Specialized REITs0%
Retail REITs-0.62%
Diversified REITs-0.67%
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
3234 Mori Hills REIT InvestmentJP¥137.40k2.0%
+JP¥5.2b		-9.8%PB1.3x
8976 Daiwa Office InvestmentJP¥576.00k0.5%
+JP¥1.4b		-2.7%PB1.1x
8958 Global One Real Estate InvestmentJP¥107.40k1.2%
+JP¥1.3b		2.0%PB1.1x
8987 Japan ExcellentJP¥129.00k0.7%
+JP¥1.2b		10.2%PB1.1x
3290 One REITJP¥265.70k0.08%
+JP¥53.7m		11.3%PB1.2x
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Latest News

8958

JP¥107,400.00

Global One Real Estate Investment

7D

1.2%

1Y

2.0%

3234

JP¥137,400.00

Mori Hills REIT Investment

7D

2.0%

1Y

-9.8%

8954

JP¥166,500.00

ORIX JREIT

7D

-0.8%

1Y

-5.6%

3476

JP¥45,200.00

MIRAI

7D

-2.1%

1Y

-0.7%

8975

JP¥80,900.00

Ichigo Office REIT Investment

7D

-0.9%

1Y

-7.9%

2972

JP¥91,400.00

SANKEI REAL ESTATE

7D

0.1%

1Y

9.2%

3290

JP¥265,700.00

One REIT

7D

0.08%

1Y

11.3%

8952

JP¥536,000.00

Japan Real Estate Investment

7D

-1.3%

1Y

-0.4%

8976

JP¥576,000.00

Daiwa Office Investment

7D

0.5%

1Y

-2.7%

8951

JP¥603,000.00

Nippon Building Fund

7D

-0.5%

1Y

7.7%

8987

JP¥129,000.00

Japan Excellent

7D

0.7%

1Y

10.2%

8955

JP¥342,000.00

Japan Prime Realty Investment

7D

-0.6%

1Y

-2.8%