Narrative Update • Jun 16

Over the last 7 days, the Residential REITs industry has dropped 3.0%, driven by Advance Residence Investment declining 0.5%. As for the longer term, the industry's performance has been flat for the past year. Looking forward, earnings are forecast to grow by 1.2% annually.
Has the Japanese Residential REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 24 Jun 2026 | JP¥1.3t | JP¥142.9b | JP¥61.7b | 21.8x | 21.5x | 9.3x |
| Fri, 22 May 2026 | JP¥1.4t | JP¥143.1b | JP¥62.3b | 22x | 22.4x | 9.7x |
| Sun, 19 Apr 2026 | JP¥1.5t | JP¥143.1b | JP¥62.3b | 23.3x | 23.6x | 10.3x |
| Tue, 17 Mar 2026 | JP¥1.5t | JP¥138.3b | JP¥58.7b | 24.6x | 25.6x | 10.9x |
| Thu, 12 Feb 2026 | JP¥1.5t | JP¥138.3b | JP¥58.7b | 25.1x | 26.1x | 11.1x |
| Sat, 10 Jan 2026 | JP¥1.5t | JP¥138.3b | JP¥58.7b | 25x | 26.2x | 11.1x |
| Mon, 08 Dec 2025 | JP¥1.5t | JP¥138.3b | JP¥58.9b | 23.5x | 24.9x | 10.6x |
| Wed, 05 Nov 2025 | JP¥1.5t | JP¥137.8b | JP¥58.5b | 23.8x | 25.5x | 10.8x |
| Fri, 03 Oct 2025 | JP¥1.4t | JP¥137.3b | JP¥58.2b | 23.3x | 24.9x | 10.6x |
| Sun, 31 Aug 2025 | JP¥1.4t | JP¥134.1b | JP¥56.4b | 23.8x | 25.4x | 10.7x |
| Tue, 29 Jul 2025 | JP¥1.4t | JP¥134.1b | JP¥56.4b | 21.8x | 24x | 10.1x |
| Thu, 26 Jun 2025 | JP¥1.3t | JP¥134.1b | JP¥56.4b | 21.4x | 23.4x | 9.8x |
| Sat, 24 May 2025 | JP¥1.3t | JP¥132.1b | JP¥55.0b | 21.4x | 23.1x | 9.6x |
| Mon, 21 Apr 2025 | JP¥1.3t | JP¥130.1b | JP¥53.4b | 22.5x | 23.9x | 9.8x |
| Wed, 19 Mar 2025 | JP¥1.3t | JP¥131.0b | JP¥54.5b | 22.4x | 23.4x | 9.7x |
| Fri, 14 Feb 2025 | JP¥1.2t | JP¥125.3b | JP¥52.6b | 24.4x | 23.4x | 9.8x |
| Sun, 12 Jan 2025 | JP¥1.3t | JP¥125.3b | JP¥52.6b | 25.2x | 24.1x | 10.1x |
| Tue, 10 Dec 2024 | JP¥1.3t | JP¥125.1b | JP¥52.5b | 25x | 23.8x | 10x |
| Thu, 07 Nov 2024 | JP¥1.3t | JP¥123.7b | JP¥52.2b | 26.5x | 25.4x | 10.7x |
| Sat, 05 Oct 2024 | JP¥1.4t | JP¥129.3b | JP¥54.6b | 24.1x | 25.7x | 10.9x |
| Mon, 02 Sep 2024 | JP¥1.4t | JP¥128.7b | JP¥54.4b | 25.3x | 26.6x | 11.3x |
| Wed, 31 Jul 2024 | JP¥1.4t | JP¥128.7b | JP¥54.4b | 24.5x | 25.4x | 10.7x |
| Fri, 28 Jun 2024 | JP¥1.4t | JP¥128.7b | JP¥54.4b | 24.8x | 26.1x | 11x |
| Sun, 26 May 2024 | JP¥1.5t | JP¥128.4b | JP¥54.0b | 26.1x | 27.4x | 11.5x |
| Tue, 23 Apr 2024 | JP¥1.5t | JP¥120.9b | JP¥50.7b | 29.2x | 28.7x | 12x |
| Thu, 21 Mar 2024 | JP¥1.4t | JP¥126.2b | JP¥52.6b | 26.1x | 27.1x | 11.3x |
| Sat, 17 Feb 2024 | JP¥1.3t | JP¥126.2b | JP¥52.6b | 24.8x | 25.5x | 10.6x |
| Mon, 15 Jan 2024 | JP¥1.6t | JP¥146.3b | JP¥61.7b | 24.8x | 26.5x | 11.2x |
| Wed, 13 Dec 2023 | JP¥1.7t | JP¥147.0b | JP¥61.9b | 24.8x | 26.8x | 11.3x |
| Fri, 10 Nov 2023 | JP¥1.6t | JP¥146.1b | JP¥61.2b | 27x | 26.8x | 11.2x |
| Sun, 08 Oct 2023 | JP¥1.7t | JP¥143.2b | JP¥60.6b | 26.7x | 27.7x | 11.7x |
| Tue, 05 Sep 2023 | JP¥1.7t | JP¥141.3b | JP¥59.8b | 28.1x | 29.2x | 12.3x |
| Thu, 03 Aug 2023 | JP¥1.7t | JP¥141.5b | JP¥59.8b | 27x | 28.4x | 12x |
| Sat, 01 Jul 2023 | JP¥1.7t | JP¥140.4b | JP¥59.4b | 28.8x | 29.2x | 12.3x |
29.2x
Which industries have driven the changes within the Japanese Real Estate industry?
| JP Market | -0.22% | |
| Real Estate | -2.11% | |
| Residential REITs | -0.051% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 3282 Comforia Residential REIT | JP¥102.70k | 2.1% +JP¥4.9b | 7.1% | PB1.5x | |
| 3226 Mitsui Fudosan Accommodations Fund | JP¥121.70k | 1.6% +JP¥4.8b | 2.8% | PB2x | |
| 8986 Daiwa Securities Living Investment | JP¥99.90k | 1.7% +JP¥4.1b | 3.5% | PB1.3x | |
| 8979 Starts Proceed Investment | JP¥184.40k | 1.5% +JP¥735.5m | 3.6% | PB1.1x | |
| 3269 Advance Residence Investment | JP¥148.70k | 0.07% +JP¥285.2m | -1.0% | PB1.7x |