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Japanese (NIKKEI) Office REITs Industry Analysis
UpdatedSep 19, 2025
DataAggregated Company Financials
Companies11
- 7D0.7%
- 3M8.5%
- 1Y14.3%
- YTDn/a
Over the last 7 days, the Office REITs industry has risen 1.8%, driven by gains from ORIX JREIT of 2.4%. This means that the industry has gained 15% over the past year. Looking forward, earnings are forecast to decline by 1.8% per year.
Industry Valuation and Performance
Has the Japanese Office REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 19 Sep 2025 | JP¥4.4t | JP¥396.5b | JP¥178.9b | 24x | 24.4x | 11x |
| Sun, 17 Aug 2025 | JP¥4.3t | JP¥396.7b | JP¥178.3b | 23.6x | 23.9x | 10.7x |
| Tue, 15 Jul 2025 | JP¥4.0t | JP¥391.9b | JP¥174.7b | 23.1x | 23.1x | 10.3x |
| Thu, 12 Jun 2025 | JP¥4.0t | JP¥389.7b | JP¥172.9b | 22.5x | 22.9x | 10.1x |
| Sat, 10 May 2025 | JP¥3.9t | JP¥390.8b | JP¥172.4b | 21.5x | 22.5x | 9.9x |
| Mon, 07 Apr 2025 | JP¥3.7t | JP¥359.5b | JP¥158.5b | 20.9x | 23.6x | 10.4x |
| Wed, 05 Mar 2025 | JP¥3.7t | JP¥393.1b | JP¥173.2b | 20.4x | 21.2x | 9.3x |
| Fri, 31 Jan 2025 | JP¥3.7t | JP¥394.2b | JP¥171.2b | 20.2x | 21.4x | 9.3x |
| Sun, 29 Dec 2024 | JP¥3.6t | JP¥392.7b | JP¥170.2b | 18.9x | 21x | 9.1x |
| Tue, 26 Nov 2024 | JP¥3.7t | JP¥391.3b | JP¥170.7b | 19.3x | 21.4x | 9.4x |
| Thu, 24 Oct 2024 | JP¥3.8t | JP¥398.9b | JP¥173.3b | 19.1x | 21.7x | 9.4x |
| Sat, 21 Sep 2024 | JP¥3.9t | JP¥400.5b | JP¥165.7b | 19.6x | 23.4x | 9.7x |
| Mon, 19 Aug 2024 | JP¥3.7t | JP¥403.4b | JP¥166.0b | 20x | 22.5x | 9.3x |
| Wed, 17 Jul 2024 | JP¥3.6t | JP¥404.7b | JP¥166.6b | 20.1x | 21.6x | 8.9x |
| Fri, 14 Jun 2024 | JP¥3.5t | JP¥408.8b | JP¥169.9b | 19.7x | 20.8x | 8.6x |
| Sun, 12 May 2024 | JP¥3.7t | JP¥399.3b | JP¥167.1b | 20.7x | 22.2x | 9.3x |
| Tue, 09 Apr 2024 | JP¥3.7t | JP¥390.9b | JP¥163.5b | 20.7x | 22.7x | 9.5x |
| Thu, 07 Mar 2024 | JP¥3.6t | JP¥391.3b | JP¥163.1b | 20.1x | 22x | 9.2x |
| Sat, 03 Feb 2024 | JP¥3.8t | JP¥392.4b | JP¥164.9b | 20.7x | 23.1x | 9.7x |
| Mon, 01 Jan 2024 | JP¥3.9t | JP¥393.3b | JP¥165.2b | 21x | 23.4x | 9.8x |
| Wed, 29 Nov 2023 | JP¥3.9t | JP¥395.1b | JP¥167.7b | 21.8x | 23.2x | 9.9x |
| Fri, 27 Oct 2023 | JP¥4.1t | JP¥424.1b | JP¥181.1b | 21.2x | 22.9x | 9.8x |
| Sun, 24 Sep 2023 | JP¥4.2t | JP¥424.8b | JP¥184.9b | 21.5x | 23x | 10x |
| Tue, 22 Aug 2023 | JP¥4.2t | JP¥428.0b | JP¥184.9b | 21.4x | 22.5x | 9.7x |
| Thu, 20 Jul 2023 | JP¥4.2t | JP¥427.4b | JP¥192.9b | 20.9x | 21.6x | 9.8x |
| Sat, 17 Jun 2023 | JP¥4.0t | JP¥423.9b | JP¥187.8b | 20.4x | 21.4x | 9.5x |
| Mon, 15 May 2023 | JP¥3.9t | JP¥416.7b | JP¥184.1b | 20.2x | 21.2x | 9.4x |
| Wed, 12 Apr 2023 | JP¥4.2t | JP¥427.4b | JP¥191.1b | 21.1x | 21.8x | 9.7x |
| Fri, 10 Mar 2023 | JP¥4.3t | JP¥430.6b | JP¥194.7b | 21x | 22.1x | 10x |
| Sun, 05 Feb 2023 | JP¥4.2t | JP¥432.9b | JP¥196.9b | 20.4x | 21.4x | 9.7x |
| Tue, 03 Jan 2023 | JP¥4.4t | JP¥432.3b | JP¥196.9b | 21.3x | 22.1x | 10.1x |
| Thu, 01 Dec 2022 | JP¥4.6t | JP¥431.1b | JP¥196.5b | 22.5x | 23.3x | 10.6x |
| Sat, 29 Oct 2022 | JP¥4.6t | JP¥429.7b | JP¥195.4b | 22.6x | 23.8x | 10.8x |
| Mon, 26 Sep 2022 | JP¥4.8t | JP¥429.2b | JP¥194.9b | 23.6x | 24.4x | 11.1x |
Price to Earnings Ratio
24.4x
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 3-year average PS ratio of 9.7x is lower than the industry's current PS ratio of 11.1x.
Past Earnings Growth
- The earnings for companies in the Office REITs industry have declined 2.8% per year over the last three years,
- Revenues have also declined 2.6% 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 Market | 0.42% | |
| Real Estate | 0.77% | |
| REITS | 0.71% | |
| Office REITs | 0.74% | |
| Residential REITs | 2.72% | |
| Hotel and Resort REITs | 1.88% | |
| Industrial REITs | 1.84% | |
| Retail REITs | 0.81% | |
| Diversified REITs | 0.71% | |
| Healthcare REITs | -1.09% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 8954 ORIX JREIT | JP¥100.10k | 0.5% +JP¥2.8b | 30.2% | PB1.6x |