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Japanese (NIKKEI) Office REITs Industry Analysis

UpdatedJul 03, 2025
DataAggregated Company Financials
Companies11
  • 7D-0.4%
  • 3M7.2%
  • 1Y16.1%
  • YTDn/a

The Office REITs industry has stayed flat over the last week. The past year has been better, since the industry has gained 16% in that time. Looking forward, earnings are forecast to decline by 3.2% per year.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 03 Jul 2025JP¥4.0tJP¥391.9bJP¥174.7b22.6x23x10.2x
Sat, 31 May 2025JP¥3.9tJP¥392.6bJP¥173.1b21.4x22.4x9.9x
Mon, 28 Apr 2025JP¥3.8tJP¥390.8bJP¥172.4b21.4x22.3x9.8x
Wed, 26 Mar 2025JP¥3.8tJP¥359.5bJP¥158.5b20.8x23.8x10.5x
Fri, 21 Feb 2025JP¥3.7tJP¥393.1bJP¥173.2b20.6x21.4x9.4x
Sun, 19 Jan 2025JP¥3.5tJP¥392.7bJP¥170.2b19.2x20.6x8.9x
Tue, 17 Dec 2024JP¥3.6tJP¥392.7bJP¥170.2b18.7x21x9.1x
Thu, 14 Nov 2024JP¥3.7tJP¥387.3bJP¥168.9b19.1x21.7x9.4x
Sat, 12 Oct 2024JP¥3.8tJP¥403.7bJP¥169.6b19.4x22.4x9.4x
Mon, 09 Sep 2024JP¥3.8tJP¥400.5bJP¥165.7b19.7x23.2x9.6x
Wed, 07 Aug 2024JP¥3.5tJP¥403.4bJP¥166.0b19.3x21.3x8.8x
Fri, 05 Jul 2024JP¥3.5tJP¥404.7bJP¥166.6b19.9x21.3x8.8x
Sun, 02 Jun 2024JP¥3.6tJP¥403.9bJP¥170.0b19.9x21.2x8.9x
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
Price to Earnings Ratio

24.1x


Total Market Cap: JP¥4.6tTotal Earnings: JP¥189.6bTotal Revenue: JP¥420.4bTotal 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 2.7% 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 Market1.39%
Real Estate0.53%
REITS-0.49%
Office REITs-0.40%
Retail REITs0.15%
Residential REITs-0.032%
Healthcare REITs-0.35%
Industrial REITs-0.44%
Diversified REITs-0.49%
Hotel and Resort REITs-3.36%
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¥132.80k-0.3%
JP¥14.9b
17.9%PB1.6x
8954 ORIX JREITJP¥190.40k0.2%
+JP¥828.0m
20.7%PB1.5x
3290 One REITJP¥257.50k0.4%
+JP¥268.5m
1.7%PB1.1x

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