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Japanese (NIKKEI) REITS Industry Analysis

UpdatedAug 06, 2024
DataAggregated Company Financials
Companies20
  • 7D-6.1%
  • 3M-12.0%
  • 1Y-15.5%
  • YTD-9.9%

Over the last 7 days, the REITS industry has dropped 6.1%, driven by declines from every company within the industry. However, the industry is down 16% over the past year. Looking forward, earnings are expected to remain mostly flat in the next few years.

Industry Valuation and Performance

Has the Japanese REITS Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 06 Aug 2024JP¥4.2tJP¥498.8bJP¥224.2b17.9x19x8.5x
Thu, 04 Jul 2024JP¥4.5tJP¥498.7bJP¥224.0b19.6x20.1x9x
Sat, 01 Jun 2024JP¥4.6tJP¥470.0bJP¥201.3b20x22.7x9.7x
Mon, 29 Apr 2024JP¥4.7tJP¥470.7bJP¥201.1b21x23.6x10.1x
Wed, 27 Mar 2024JP¥4.8tJP¥472.2bJP¥201.3b20.7x23.8x10.1x
Fri, 23 Feb 2024JP¥4.5tJP¥467.8bJP¥202.7b19.8x22.3x9.7x
Sun, 21 Jan 2024JP¥4.9tJP¥470.6bJP¥204.2b20.4x23.9x10.4x
Tue, 19 Dec 2023JP¥4.8tJP¥471.4bJP¥200.1b20.7x24x10.2x
Thu, 16 Nov 2023JP¥4.3tJP¥427.2bJP¥179.3b21.7x24x10.1x
Sat, 14 Oct 2023JP¥4.3tJP¥422.3bJP¥178.6b21.7x24.1x10.2x
Mon, 11 Sep 2023JP¥4.4tJP¥420.8bJP¥179.4b22.7x24.5x10.4x
Wed, 09 Aug 2023JP¥4.3tJP¥419.1bJP¥178.4b22.1x24.4x10.4x
Fri, 07 Jul 2023JP¥4.2tJP¥412.7bJP¥175.4b22.4x24.2x10.3x
Sun, 04 Jun 2023JP¥4.3tJP¥414.6bJP¥176.6b22.2x24.4x10.4x
Tue, 02 May 2023JP¥4.0tJP¥399.5bJP¥167.9b21.2x23.6x9.9x
Thu, 30 Mar 2023JP¥3.8tJP¥396.6bJP¥167.6b19.8x22.5x9.5x
Sat, 25 Feb 2023JP¥15.5tJP¥1.4tJP¥606.8b24x25.5x10.9x
Mon, 23 Jan 2023JP¥15.1tJP¥1.4tJP¥608.1b23.4x24.8x10.6x
Wed, 21 Dec 2022JP¥15.4tJP¥1.4tJP¥606.4b24x25.4x10.8x
Fri, 18 Nov 2022JP¥16.3tJP¥1.4tJP¥609.1b24.7x26.7x11.5x
Sun, 16 Oct 2022JP¥15.8tJP¥1.4tJP¥604.6b24.5x26.1x11.2x
Tue, 13 Sep 2022JP¥16.9tJP¥1.4tJP¥591.8b26.2x28.5x12x
Thu, 11 Aug 2022JP¥16.7tJP¥1.4tJP¥581.4b26.3x28.6x12x
Sat, 09 Jul 2022JP¥16.1tJP¥1.4tJP¥574.1b25.4x28.1x11.7x
Mon, 06 Jun 2022JP¥16.6tJP¥1.4tJP¥572.9b26.4x29x12.1x
Wed, 04 May 2022JP¥16.5tJP¥1.4tJP¥568.1b26.2x29x12.2x
Fri, 01 Apr 2022JP¥16.6tJP¥1.4tJP¥571.2b26.1x29x12.2x
Sun, 27 Feb 2022JP¥15.5tJP¥1.4tJP¥588.5b23.9x26.4x11.2x
Tue, 25 Jan 2022JP¥15.8tJP¥1.4tJP¥581.1b24.1x27.1x11.5x
Thu, 23 Dec 2021JP¥16.8tJP¥1.4tJP¥586.5b25.3x28.7x12.3x
Sat, 20 Nov 2021JP¥17.1tJP¥1.4tJP¥581.1b26.3x29.4x12.6x
Mon, 18 Oct 2021JP¥17.3tJP¥1.3tJP¥580.2b26.4x29.8x12.9x
Wed, 15 Sep 2021JP¥17.1tJP¥1.3tJP¥562.5b26.2x30.4x13.1x
Fri, 13 Aug 2021JP¥17.5tJP¥1.3tJP¥573.0b26x30.5x13.2x
Price to Earnings Ratio

30.5x


Total Market Cap: JP¥17.5tTotal Earnings: JP¥573.0bTotal Revenue: JP¥1.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese REITS Industry Price to Earnings3Y Average 25.9x202220232024
Current Industry PE
  • Investors are pessimistic on the Japanese REITs industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 19.0x which is lower than its 3-year average PE of 25.9x.
  • The 3-year average PS ratio of 11.0x is higher than the industry's current PS ratio of 8.5x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have declined 27% per year over the last three years,
  • Revenues have also declined 28% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the Japanese Real Estate industry?

JP Market-18.61%
Real Estate-13.22%
REITS-6.14%
Specialized REITs0%
Retail REITs-4.55%
Residential REITs-4.78%
Office REITs-4.93%
Industrial REITs-5.51%
Diversified REITs-6.14%
Healthcare REITs-8.69%
Hotel and Resort REITs-10.23%
Industry PE
  • Investors are most optimistic about the Hotel and Resort REITs industry even though it's trading below its 3-year average PE ratio of 107x.
    • Analysts are expecting annual earnings growth of 7.8%, which is lower than the prior year's growth of 81.9% per year.
  • Investors are most pessimistic about the Retail REITs industry, which is trading below its 3-year average of 22.7x.
Forecasted Growth
  • Analysts are most optimistic on the Hotel and Resort REITs industry, expecting annual earnings growth of 7.8% over the next 5 years.
  • In contrast, the Office REITs industry is expected to see its earnings decline by 2.1% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
No data available
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3309

JP¥74,900.00

Sekisui House Reit

7D

-6.3%

1Y

-12.0%

8972

JP¥145,400.00

KDX Realty Investment

7D

-4.8%

1Y

-14.6%

3279

JP¥328,000.00

Activia Properties

7D

-7.7%

1Y

-19.4%

8960

JP¥131,500.00

United Urban Investment

7D

-7.8%

1Y

-14.9%

8957

JP¥142,100.00

Tokyu REIT

7D

-8.3%

1Y

-23.9%

3462

JP¥141,200.00

Nomura Real Estate Master Fund

7D

-4.3%

1Y

-18.4%

8984

JP¥229,400.00

Daiwa House REIT Investment

7D

-5.1%

1Y

-17.6%

8961

JP¥65,700.00

MORI TRUST REIT

7D

-6.1%

1Y

-12.0%