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

Japanese (NIKKEI) Office REITs Industry Analysis

UpdatedMar 13, 2026
DataAggregated Company Financials
Companies13
  • 7D-0.9%
  • 3M-1.1%
  • 1Y19.2%
  • YTDn/a

The Office REITs industry has stayed flat over the last week. The past year has been better, since the industry has gained 19% in that time. In the next few years, earnings are forecast to decline by 1.4% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 13 Mar 2026JP¥4.7tJP¥446.1bJP¥205.2b22.1x23.1x10.6x
Sun, 08 Feb 2026JP¥4.6tJP¥425.9bJP¥194.6b23.1x23.8x10.9x
Tue, 06 Jan 2026JP¥4.6tJP¥425.1bJP¥194.3b22.4x23.6x10.8x
Thu, 04 Dec 2025JP¥4.6tJP¥417.0bJP¥190.9b23x24x11x
Sat, 01 Nov 2025JP¥4.5tJP¥417.1bJP¥190.1b22.8x23.9x10.9x
Mon, 29 Sep 2025JP¥4.4tJP¥396.5bJP¥178.9b24.1x24.4x11x
Wed, 27 Aug 2025JP¥4.3tJP¥396.7bJP¥178.3b24.2x24.4x11x
Fri, 25 Jul 2025JP¥4.1tJP¥391.9bJP¥174.7b23.3x23.5x10.5x
Sun, 22 Jun 2025JP¥4.0tJP¥391.9bJP¥174.7b22.6x22.9x10.2x
Tue, 20 May 2025JP¥3.9tJP¥390.8bJP¥172.4b21.5x22.4x9.9x
Thu, 17 Apr 2025JP¥3.9tJP¥379.7bJP¥166.1b21.5x23.3x10.2x
Sat, 15 Mar 2025JP¥3.7tJP¥393.1bJP¥173.2b20.1x21.2x9.3x
Mon, 10 Feb 2025JP¥3.7tJP¥387.3bJP¥168.6b20.2x21.7x9.4x
Wed, 08 Jan 2025JP¥3.6tJP¥392.7bJP¥170.2b19.2x21x9.1x
Fri, 06 Dec 2024JP¥3.6tJP¥392.7bJP¥170.2b18.9x21.3x9.2x
Sun, 03 Nov 2024JP¥3.7tJP¥387.3bJP¥168.9b19.2x21.9x9.5x
Tue, 01 Oct 2024JP¥3.8tJP¥403.7bJP¥169.6b19.6x22.5x9.5x
Thu, 29 Aug 2024JP¥3.9tJP¥400.5bJP¥165.7b20.5x23.5x9.7x
Sat, 27 Jul 2024JP¥3.6tJP¥404.7bJP¥166.6b20x21.5x8.9x
Mon, 24 Jun 2024JP¥3.6tJP¥404.7bJP¥166.6b20x21.5x8.9x
Wed, 22 May 2024JP¥3.7tJP¥403.4bJP¥169.6b20.6x21.7x9.1x
Fri, 19 Apr 2024JP¥3.7tJP¥395.8bJP¥163.5b20.4x22.7x9.4x
Sun, 17 Mar 2024JP¥3.6tJP¥391.3bJP¥163.1b20.3x22.2x9.3x
Tue, 13 Feb 2024JP¥3.7tJP¥392.5bJP¥165.0b20x22.5x9.4x
Thu, 11 Jan 2024JP¥3.9tJP¥392.6bJP¥165.2b21.3x23.5x9.9x
Sat, 09 Dec 2023JP¥3.9tJP¥395.0bJP¥164.5b21.6x23.6x9.8x
Mon, 06 Nov 2023JP¥4.2tJP¥423.9bJP¥181.1b21.5x23x9.8x
Wed, 04 Oct 2023JP¥4.2tJP¥424.8bJP¥184.9b21.4x22.6x9.8x
Fri, 01 Sep 2023JP¥4.3tJP¥428.0bJP¥184.9b21.9x23.3x10.1x
Sun, 30 Jul 2023JP¥4.2tJP¥427.3bJP¥191.5b21.7x22.1x9.9x
Tue, 27 Jun 2023JP¥4.0tJP¥427.2bJP¥192.9b20.5x20.9x9.4x
Thu, 25 May 2023JP¥3.9tJP¥418.8bJP¥184.9b20.1x21.1x9.3x
Sat, 22 Apr 2023JP¥4.2tJP¥427.1bJP¥190.2b20.9x22x9.8x
Mon, 20 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 Market-1.36%
Real Estate-2.33%
REITS-1.30%
Office REITs-0.90%
Retail REITs-0.52%
Industrial REITs-1.03%
Hotel and Resort REITs-1.17%
Diversified REITs-1.30%
Residential REITs-1.36%
Healthcare REITs-2.34%
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¥144.10k0.3%
+JP¥4.4b		15.7%PB1.7x
8957 Tokyu REITJP¥207.40k1.2%
+JP¥2.4b		25.6%PB1.6x
2972 SANKEI REAL ESTATEJP¥127.00k1.4%
+JP¥840.8m		52.3%PB1.2x

Latest News

8954
JP¥102,000.00
ORIX JREIT
7D
-0.3%
1Y
16.2%
8955
JP¥102,700.00
Japan Prime Realty Investment
7D
-0.7%
1Y
21.0%
8951
JP¥144,100.00
Nippon Building Fund
7D
0.3%
1Y
15.7%

8951: Equity Offering And Dividend Guidance Will Support A Balanced Outlook

Analysts have nudged their price target for Nippon Building Fund up from ¥146,500 to about ¥147,944, reflecting updated assumptions for slightly different revenue, profit margin, discount rate and future P/E inputs in their models. What's in the News Nippon Building Fund filed a follow on equity offering, covering a total of 157,200 units plus an additional 5,000 units, as part of its capital raising activities (Key Developments).
8952
JP¥127,600.00
Japan Real Estate Investment
7D
-0.3%
1Y
21.3%
8975
JP¥96,200.00
Ichigo Office REIT Investment
7D
-1.1%
1Y
18.6%
3290
JP¥80,700.00
One REIT
7D
-4.5%
1Y
1.2%
2972
JP¥127,000.00
SANKEI REAL ESTATE
7D
1.4%
1Y
52.3%
8976
JP¥352,000.00
Daiwa Office Investment
7D
-1.1%
1Y
24.0%
3234
JP¥142,900.00
Mori Hills REIT Investment
7D
-1.2%
1Y
7.9%
8957
JP¥207,400.00
Tokyu REIT
7D
1.2%
1Y
25.6%
8958
JP¥136,900.00
Global One Real Estate Investment
7D
-1.6%
1Y
20.4%