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

Japanese (NIKKEI) Office REITs Industry Analysis

UpdatedMar 19, 2026
DataAggregated Company Financials
Companies13
  • 7D0.3%
  • 3M-0.7%
  • 1Y17.1%
  • YTDn/a

The Office REITs industry has stayed flat over the last week. As for the the longer term, the industry is up 17% over the past 12 months. As for the next few years, earnings are forecast to decline by 1.7% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 19 Mar 2026JP¥4.8tJP¥448.5bJP¥205.7b22.2x23.2x10.7x
Sat, 14 Feb 2026JP¥4.6tJP¥425.9bJP¥194.6b23x23.5x10.7x
Mon, 12 Jan 2026JP¥4.6tJP¥425.1bJP¥194.3b23.5x23.8x10.9x
Wed, 10 Dec 2025JP¥4.5tJP¥417.0bJP¥190.9b22.8x23.7x10.8x
Fri, 07 Nov 2025JP¥4.6tJP¥416.9bJP¥190.1b23.1x24.1x11x
Sun, 05 Oct 2025JP¥4.4tJP¥413.9bJP¥188.5b22.3x23.4x10.7x
Tue, 02 Sep 2025JP¥4.4tJP¥396.7bJP¥178.3b24.3x24.5x11x
Thu, 31 Jul 2025JP¥4.2tJP¥391.9bJP¥174.7b23.8x24x10.7x
Sat, 28 Jun 2025JP¥4.0tJP¥391.9bJP¥174.7b22.6x22.8x10.2x
Mon, 26 May 2025JP¥3.8tJP¥392.6bJP¥173.1b21.5x22.2x9.8x
Wed, 23 Apr 2025JP¥3.9tJP¥379.7bJP¥166.1b21.7x23.3x10.2x
Fri, 21 Mar 2025JP¥3.7tJP¥359.5bJP¥158.5b20.9x23.6x10.4x
Sun, 16 Feb 2025JP¥3.7tJP¥387.3bJP¥168.6b20.5x21.7x9.5x
Tue, 14 Jan 2025JP¥3.5tJP¥392.7bJP¥170.2b19.1x20.8x9x
Thu, 12 Dec 2024JP¥3.6tJP¥392.7bJP¥170.2b18.8x21x9.1x
Sat, 09 Nov 2024JP¥3.7tJP¥387.3bJP¥168.9b19.3x21.9x9.6x
Mon, 07 Oct 2024JP¥3.8tJP¥403.7bJP¥169.6b19.6x22.6x9.5x
Wed, 04 Sep 2024JP¥3.8tJP¥400.5bJP¥165.7b20.4x23.2x9.6x
Fri, 02 Aug 2024JP¥3.6tJP¥403.2bJP¥165.7b20x21.6x8.9x
Sun, 30 Jun 2024JP¥3.6tJP¥404.7bJP¥166.6b20x21.3x8.8x
Tue, 28 May 2024JP¥3.6tJP¥403.9bJP¥170.0b20.1x21.1x8.9x
Thu, 25 Apr 2024JP¥3.7tJP¥398.9bJP¥167.1b20.6x22.4x9.4x
Sat, 23 Mar 2024JP¥3.8tJP¥390.8bJP¥163.0b21.3x23.3x9.7x
Mon, 19 Feb 2024JP¥3.6tJP¥391.3bJP¥163.1b20.4x22.2x9.3x
Wed, 17 Jan 2024JP¥3.9tJP¥392.6bJP¥165.2b21.3x23.6x9.9x
Fri, 15 Dec 2023JP¥3.9tJP¥395.0bJP¥164.5b21.9x23.7x9.9x
Sun, 12 Nov 2023JP¥4.5tJP¥423.9bJP¥181.1b22x24.9x10.6x
Tue, 10 Oct 2023JP¥4.1tJP¥424.6bJP¥184.9b21.4x22.4x9.7x
Thu, 07 Sep 2023JP¥4.4tJP¥428.0bJP¥184.9b22.3x23.6x10.2x
Sat, 05 Aug 2023JP¥4.2tJP¥428.6bJP¥191.8b21.4x21.8x9.8x
Mon, 03 Jul 2023JP¥4.1tJP¥427.2bJP¥192.9b21.1x21.1x9.5x
Wed, 31 May 2023JP¥3.9tJP¥418.8bJP¥184.9b20.7x21.3x9.4x
Fri, 28 Apr 2023JP¥4.2tJP¥429.2bJP¥192.0b20.3x21.7x9.7x
Sun, 26 Mar 2023JP¥4.1tJP¥430.6bJP¥194.7b20.5x21.2x9.6x
Price to Earnings Ratio

21.2x


Total Market Cap: JP¥4.1tTotal Earnings: JP¥194.7bTotal Revenue: JP¥430.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Office REITs Industry Price to Earnings3Y Average 22.6x202420252026
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 22.6x.
  • The industry is trading close to its 3-year average PS ratio of 9.9x.
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 Market0.40%
Real Estate-1.26%
REITS0.49%
Office REITs0.34%
Retail REITs1.45%
Residential REITs1.01%
Industrial REITs1.00%
Diversified REITs0.49%
Hotel and Resort REITs-0.18%
Healthcare REITs-1.19%
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
8987 Japan ExcellentJP¥151.90k0.7%
+JP¥1.4b		18.0%PB1.3x

Latest News

3234
JP¥141,600.00
Mori Hills REIT Investment
7D
-2.2%
1Y
3.9%
8957
JP¥204,900.00
Tokyu REIT
7D
-1.0%
1Y
20.7%
8951
JP¥142,100.00
Nippon Building Fund
7D
-1.8%
1Y
10.8%
8952
JP¥127,400.00
Japan Real Estate Investment
7D
-0.2%
1Y
17.7%

8952: Kandabashi Acquisition And Dividend Policy Will Support Steady Future Returns

Analysts have kept the price target for Japan Real Estate Investment steady at ¥134,900, citing only marginal tweaks to assumptions such as a slightly lower discount rate, a very small adjustment to long term revenue decline expectations, and a nearly unchanged future P/E estimate around 29.9x. What's in the News A board meeting is scheduled for March 6, 2026 to review an announcement of a personnel change in an executive officer at the asset management company and to consider other matters on the agenda (Key Developments).
8954
JP¥102,000.00
ORIX JREIT
7D
-0.6%
1Y
14.8%
8955
JP¥102,500.00
Japan Prime Realty Investment
7D
-0.6%
1Y
19.7%
8975
JP¥95,800.00
Ichigo Office REIT Investment
7D
-0.7%
1Y
17.3%
8987
JP¥151,900.00
Japan Excellent
7D
0.7%
1Y
18.0%
3296
JP¥92,000.00
NIPPON REIT Investment
7D
-1.2%
1Y
11.8%