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

Japanese (NIKKEI) Office REITs Industry Analysis

UpdatedJan 09, 2026
DataAggregated Company Financials
Companies12
  • 7D0.3%
  • 3M4.8%
  • 1Y24.9%
  • YTDn/a

Last week, the Office REITs industry hasn't moved much but SANKEI REAL ESTATE is up 20% in that time. The past year has been better, since the industry has gained 25% in that time. Looking forward, earnings are expected to remain mostly flat in the next few years.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 09 Jan 2026JP¥4.6tJP¥425.1bJP¥194.3b23.4x23.7x10.9x
Sun, 07 Dec 2025JP¥4.5tJP¥417.0bJP¥190.9b22.7x23.7x10.9x
Tue, 04 Nov 2025JP¥4.5tJP¥417.1bJP¥190.1b22.8x23.9x10.9x
Thu, 02 Oct 2025JP¥4.2tJP¥396.3bJP¥178.9b22.7x23.6x10.7x
Sat, 30 Aug 2025JP¥4.3tJP¥396.7bJP¥178.3b24x24.2x10.9x
Mon, 28 Jul 2025JP¥4.1tJP¥391.9bJP¥174.7b23.4x23.6x10.5x
Wed, 25 Jun 2025JP¥4.0tJP¥391.9bJP¥174.7b22.6x23x10.2x
Fri, 23 May 2025JP¥3.8tJP¥392.3bJP¥172.6b21.5x22.2x9.8x
Sun, 20 Apr 2025JP¥3.9tJP¥379.7bJP¥166.1b21.6x23.2x10.2x
Tue, 18 Mar 2025JP¥3.7tJP¥393.1bJP¥173.2b20.3x21.3x9.4x
Thu, 13 Feb 2025JP¥3.6tJP¥387.3bJP¥168.6b20.1x21.5x9.3x
Sat, 11 Jan 2025JP¥3.5tJP¥392.7bJP¥170.2b19.1x20.8x9x
Mon, 09 Dec 2024JP¥3.6tJP¥392.7bJP¥170.2b18.8x21.1x9.1x
Wed, 06 Nov 2024JP¥3.7tJP¥387.3bJP¥168.9b19.1x21.9x9.6x
Fri, 04 Oct 2024JP¥3.8tJP¥403.7bJP¥169.6b19.6x22.5x9.5x
Sun, 01 Sep 2024JP¥3.8tJP¥400.5bJP¥165.7b20.2x23.2x9.6x
Tue, 30 Jul 2024JP¥3.6tJP¥404.7bJP¥166.6b20.1x21.7x8.9x
Thu, 27 Jun 2024JP¥3.6tJP¥404.7bJP¥166.6b20.4x21.9x9x
Sat, 25 May 2024JP¥3.6tJP¥403.9bJP¥170.0b20.1x21.1x8.9x
Mon, 22 Apr 2024JP¥3.7tJP¥398.9bJP¥167.1b20.2x22.1x9.3x
Wed, 20 Mar 2024JP¥3.7tJP¥390.8bJP¥163.0b20.8x22.8x9.5x
Fri, 16 Feb 2024JP¥3.7tJP¥392.4bJP¥165.0b19.9x22.1x9.3x
Sun, 14 Jan 2024JP¥3.9tJP¥392.6bJP¥165.2b21.4x23.8x10x
Tue, 12 Dec 2023JP¥3.9tJP¥395.0bJP¥164.5b21.8x23.7x9.9x
Thu, 09 Nov 2023JP¥4.1tJP¥423.9bJP¥181.1b20.9x22.8x9.7x
Sat, 07 Oct 2023JP¥4.1tJP¥424.6bJP¥184.9b21.4x22.4x9.7x
Mon, 04 Sep 2023JP¥4.3tJP¥428.0bJP¥184.9b22.2x23.5x10.1x
Wed, 02 Aug 2023JP¥4.2tJP¥427.3bJP¥191.5b21.6x21.8x9.8x
Fri, 30 Jun 2023JP¥4.1tJP¥427.2bJP¥192.9b21.3x21.2x9.6x
Sun, 28 May 2023JP¥3.9tJP¥418.8bJP¥184.9b20.2x21x9.3x
Tue, 25 Apr 2023JP¥4.2tJP¥429.2bJP¥192.0b20.7x21.8x9.8x
Thu, 23 Mar 2023JP¥4.1tJP¥430.6bJP¥194.7b20.5x21.2x9.6x
Sat, 18 Feb 2023JP¥4.2tJP¥430.3bJP¥195.5b20.5x21.5x9.8x
Mon, 16 Jan 2023JP¥4.2tJP¥432.4bJP¥196.8b20.5x21.4x9.7x
Price to Earnings Ratio

21.4x


Total Market Cap: JP¥4.2tTotal Earnings: JP¥196.8bTotal Revenue: JP¥432.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Office REITs Industry Price to Earnings3Y Average 22.5x202420252026
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 22.5x.
  • The 3-year average PS ratio of 9.8x is lower than the industry's current PS ratio of 10.9x.
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 Market2.09%
Real Estate2.28%
REITS1.29%
Office REITs0.29%
Healthcare REITs4.08%
Industrial REITs2.30%
Hotel and Resort REITs1.82%
Residential REITs1.82%
Retail REITs1.35%
Diversified REITs1.29%
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
2972 SANKEI REAL ESTATEJP¥125.10k20.4%
+JP¥9.9b		64.0%PB1.2x
8954 ORIX JREITJP¥107.10k0.8%
+JP¥4.4b		30.7%PB1.7x
8976 Daiwa Office InvestmentJP¥378.50k1.1%
+JP¥3.8b		31.7%PB1.5x
8958 Global One Real Estate InvestmentJP¥141.60k2.8%
+JP¥3.7b		41.3%PB1.4x
8987 Japan ExcellentJP¥151.80k1.9%
+JP¥3.6b		29.0%PB1.3x

Latest News

8951
JP¥143,000.00
Nippon Building Fund
7D
0.07%
1Y
17.2%
3234
JP¥150,000.00
Mori Hills REIT Investment
7D
0.7%
1Y
21.9%
2972
JP¥125,100.00
SANKEI REAL ESTATE
7D
20.4%
1Y
64.0%
8955
JP¥104,900.00
Japan Prime Realty Investment
7D
-0.8%
1Y
31.3%
8987
JP¥151,800.00
Japan Excellent
7D
1.9%
1Y
29.0%
8952
JP¥129,100.00
Japan Real Estate Investment
7D
-1.4%
1Y
22.3%

8952: Future Returns Will Stay Steady As Discount Rate Trends Toward 5%

Analysts have slightly raised their price target for Japan Real Estate Investment from ¥128,410 to ¥130,310, citing a modestly lower discount rate and stable long term revenue and margin assumptions that support a higher justified valuation multiple. What's in the News Issued earnings guidance for the six months ending September 30, 2025, forecasting operating revenues of ¥41,150 million, operating profit of ¥19,340 million, and profit of ¥17,800 million, or ¥2,501 per share (company guidance).
8954
JP¥107,100.00
ORIX JREIT
7D
0.8%
1Y
30.7%
3290
JP¥92,500.00
One REIT
7D
1.8%
1Y
18.6%
8958
JP¥141,600.00
Global One Real Estate Investment
7D
2.8%
1Y
41.3%
8976
JP¥378,500.00
Daiwa Office Investment
7D
1.1%
1Y
31.7%