Header cover image

Japanese (NIKKEI) Office REITs Industry Analysis

UpdatedJun 24, 2024
DataAggregated Company Financials
Companies12
  • 7D0.3%
  • 3M-5.4%
  • 1Y-3.7%
  • YTDn/a

The Office REITs industry has stayed flat over the last week. As for the longer term, the industry has declined 3.7% in the last year. In the next few years, earnings are forecast to decline by 2.1% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 25 Jun 2024JP¥3.6tJP¥404.7bJP¥166.6b20x21.5x8.9x
Thu, 23 May 2024JP¥3.7tJP¥403.9bJP¥170.0b20.5x21.5x9.1x
Sat, 20 Apr 2024JP¥3.7tJP¥395.8bJP¥163.5b20.4x22.7x9.4x
Mon, 18 Mar 2024JP¥3.6tJP¥391.3bJP¥163.1b20.3x22.2x9.3x
Wed, 14 Feb 2024JP¥3.7tJP¥392.5bJP¥165.0b20.2x22.5x9.5x
Fri, 12 Jan 2024JP¥3.9tJP¥392.6bJP¥165.2b21.4x23.7x10x
Sun, 10 Dec 2023JP¥3.9tJP¥395.0bJP¥164.5b21.6x23.6x9.8x
Tue, 07 Nov 2023JP¥4.2tJP¥423.9bJP¥181.1b21.3x23.1x9.9x
Thu, 05 Oct 2023JP¥4.2tJP¥424.8bJP¥184.9b21x22.6x9.8x
Sat, 02 Sep 2023JP¥4.3tJP¥428.0bJP¥184.9b22.2x23.5x10.1x
Mon, 31 Jul 2023JP¥4.2tJP¥427.3bJP¥191.5b21.7x22.1x9.9x
Wed, 28 Jun 2023JP¥4.1tJP¥427.2bJP¥192.9b21x21.3x9.6x
Fri, 26 May 2023JP¥3.9tJP¥418.8bJP¥184.9b20.1x21.1x9.3x
Sun, 23 Apr 2023JP¥4.2tJP¥427.1bJP¥190.2b20.9x22x9.8x
Tue, 21 Mar 2023JP¥4.1tJP¥430.6bJP¥194.7b20.5x21.2x9.6x
Thu, 16 Feb 2023JP¥4.2tJP¥432.9bJP¥196.9b20.3x21.3x9.7x
Sat, 14 Jan 2023JP¥4.2tJP¥432.4bJP¥196.8b20.5x21.4x9.7x
Mon, 12 Dec 2022JP¥4.5tJP¥431.1bJP¥196.5b22.2x22.7x10.4x
Wed, 09 Nov 2022JP¥4.6tJP¥432.5bJP¥197.4b22.5x23.1x10.5x
Fri, 07 Oct 2022JP¥4.6tJP¥429.8bJP¥196.1b22.4x23.3x10.7x
Sun, 04 Sep 2022JP¥4.7tJP¥427.8bJP¥193.4b23.2x24.4x11x
Tue, 02 Aug 2022JP¥4.8tJP¥420.3bJP¥188.8b22.9x25.4x11.4x
Thu, 30 Jun 2022JP¥4.6tJP¥420.6bJP¥189.6b22.5x24.5x11x
Sat, 28 May 2022JP¥4.7tJP¥421.6bJP¥190.1b22.4x24.8x11.2x
Mon, 25 Apr 2022JP¥4.7tJP¥420.6bJP¥190.3b23.3x24.6x11.1x
Wed, 23 Mar 2022JP¥4.8tJP¥437.5bJP¥197.4b24x24.5x11.1x
Fri, 18 Feb 2022JP¥4.7tJP¥436.6bJP¥196.0b22.9x23.8x10.7x
Sun, 16 Jan 2022JP¥4.8tJP¥428.0bJP¥191.7b23.4x24.8x11.1x
Tue, 14 Dec 2021JP¥4.9tJP¥429.6bJP¥192.9b23.8x25.6x11.5x
Thu, 11 Nov 2021JP¥5.0tJP¥428.5bJP¥191.7b24.3x26.2x11.7x
Sat, 09 Oct 2021JP¥5.0tJP¥428.3bJP¥191.8b23.9x25.9x11.6x
Mon, 06 Sep 2021JP¥5.2tJP¥421.1bJP¥186.3b26x28.1x12.4x
Wed, 04 Aug 2021JP¥5.2tJP¥420.8bJP¥186.1b25.6x28x12.4x
Price to Earnings Ratio

28.1x


Total Market Cap: JP¥5.2tTotal Earnings: JP¥186.1bTotal Revenue: JP¥420.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Office REITs Industry Price to Earnings3Y Average 23.7x202220232024
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 23.7x.
  • The 3-year average PS ratio of 10.5x is higher than the industry's current PS ratio of 8.9x.
Past Earnings Growth
  • The earnings for companies in the Office REITs industry have declined 3.6% 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 Market-0.62%
Real Estate-1.94%
REITS0.42%
Office REITs0.33%
Healthcare REITs1.58%
Industrial REITs0.56%
Diversified REITs0.42%
Retail REITs0.31%
Specialized REITs0%
Hotel and Resort REITs-0.036%
Residential REITs-0.21%
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¥586.00k1.2%
+JP¥11.9b
2.3%PB1.4x
8976 Daiwa Office InvestmentJP¥284.40k1.7%
+JP¥4.6b
-4.9%PB1.1x
8954 ORIX JREITJP¥159.10k1.0%
+JP¥4.1b
-9.9%PB1.3x
3234 Mori Hills REIT InvestmentJP¥131.50k1.2%
+JP¥3.1b
-9.9%PB1.2x
3476 MIRAIJP¥45.20k1.7%
+JP¥1.4b
-0.8%PB1x
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

8955

JP¥326,000.00

Japan Prime Realty Investment

7D

-0.6%

1Y

-6.3%

8987

JP¥121,200.00

Japan Excellent

7D

0.8%

1Y

-0.5%

3476

JP¥45,200.00

MIRAI

7D

1.7%

1Y

-0.8%

8975

JP¥81,800.00

Ichigo Office REIT Investment

7D

0.6%

1Y

-7.5%

8976

JP¥284,400.00

Daiwa Office Investment

7D

1.7%

1Y

-4.9%

8952

JP¥508,000.00

Japan Real Estate Investment

7D

0.2%

1Y

-7.3%