Japanese (NIKKEI) Residential REITs Industry Analysis
UpdatedApr 17, 2024
DataAggregated Company Financials
Companies6
- 7D-0.7%
- 3M3.5%
- 1Y-1.4%
- YTD4.9%
The Residential REITs industry is up 1.5% in the last week, with Comforia Residential REIT up 0.2%. During this same period, the Kenedix Residential Next Investment underperformed, falling 5.5%. Despite this gain, the industry's performance has been flat over the past year. Earnings are forecast to be flat in the coming years.
Industry Valuation and Performance
Has the Japanese Residential REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 17 Apr 2024 | JP¥1.4t | JP¥120.9b | JP¥50.7b | 29.1x | 28.4x | 11.9x |
| Fri, 15 Mar 2024 | JP¥1.3t | JP¥126.2b | JP¥52.6b | 24.6x | 25.1x | 10.5x |
| Sun, 11 Feb 2024 | JP¥1.4t | JP¥126.2b | JP¥52.6b | 25.4x | 26.3x | 11x |
| Tue, 09 Jan 2024 | JP¥1.6t | JP¥146.3b | JP¥61.7b | 24.8x | 26.5x | 11.2x |
| Thu, 07 Dec 2023 | JP¥1.7t | JP¥147.0b | JP¥61.9b | 24.8x | 26.8x | 11.3x |
| Sat, 04 Nov 2023 | JP¥1.7t | JP¥143.9b | JP¥61.2b | 27.5x | 27.4x | 11.7x |
| Mon, 02 Oct 2023 | JP¥1.7t | JP¥143.2b | JP¥60.6b | 26.9x | 28.2x | 11.9x |
| Wed, 30 Aug 2023 | JP¥1.8t | JP¥141.3b | JP¥59.8b | 28x | 29.4x | 12.4x |
| Fri, 28 Jul 2023 | JP¥1.8t | JP¥141.5b | JP¥59.8b | 27.6x | 29.5x | 12.5x |
| Sun, 25 Jun 2023 | JP¥1.7t | JP¥140.4b | JP¥59.4b | 27.5x | 29x | 12.3x |
| Tue, 23 May 2023 | JP¥1.7t | JP¥139.8b | JP¥59.2b | 28x | 28.8x | 12.2x |
| Thu, 20 Apr 2023 | JP¥1.7t | JP¥138.5b | JP¥58.2b | 27.6x | 28.4x | 11.9x |
Price to Earnings Ratio
27.3x
Current Industry PE
- Investors are relatively neutral on the Japanese Residential 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 27.7x.
- The industry is trading close to its 3-year average PS ratio of 11.7x.
Past Earnings Growth
- The earnings for companies in the Residential REITs industry have declined 4.4% per year over the last three years,
- Revenues have also declined 4.3% 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 | -2.21% | |
| Real Estate | -1.69% | |
| Residential REITs | -0.73% | |
| Single-Family Residential REITs | 0% | |
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 | |
|---|---|---|---|---|---|
| 3282 Comforia Residential REIT | JP¥334.50k | 2.6% +JP¥6.4b | 2.1% | PB1.6x | |
| 3269 Advance Residence Investment | JP¥335.00k | 1.1% +JP¥5.0b | 0.3% | PB2.1x | |
| 8979 Starts Proceed Investment | JP¥211.10k | 0.4% +JP¥226.0m | -6.3% | PB1.2x |