Japanese (NIKKEI) Office REITs Industry Analysis
UpdatedOct 26, 2023
DataAggregated Company Financials
Companies13
- 7D-0.1%
- 3M-2.2%
- 1Y-6.2%
- YTD0.5%
In the last week, Office REITs has been flat. As for the longer term, the industry has declined 3.4% in the last year. In the next few years, earnings are forecast to decline by 4.2% annually.
Industry Valuation and Performance
Has the Japanese Office REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 26 Oct 2023 | JP¥4.2t | JP¥424.1b | JP¥181.1b | 21.3x | 23x | 9.8x |
| Sat, 23 Sep 2023 | JP¥4.2t | JP¥424.8b | JP¥184.9b | 21.5x | 23x | 10x |
| Mon, 21 Aug 2023 | JP¥4.2t | JP¥432.0b | JP¥191.1b | 21.7x | 21.8x | 9.6x |
| Wed, 19 Jul 2023 | JP¥4.1t | JP¥427.4b | JP¥192.9b | 20.7x | 21.4x | 9.7x |
| Fri, 16 Jun 2023 | JP¥4.0t | JP¥420.2b | JP¥185.1b | 20.6x | 21.8x | 9.6x |
| Sun, 14 May 2023 | JP¥3.9t | JP¥416.7b | JP¥184.1b | 20.2x | 21.2x | 9.4x |
| Tue, 11 Apr 2023 | JP¥4.2t | JP¥426.2b | JP¥190.5b | 21.1x | 21.9x | 9.8x |
| Thu, 09 Mar 2023 | JP¥4.3t | JP¥430.6b | JP¥194.7b | 20.8x | 21.9x | 9.9x |
| Sat, 04 Feb 2023 | JP¥4.2t | JP¥432.9b | JP¥196.9b | 20.4x | 21.4x | 9.7x |
| Mon, 02 Jan 2023 | JP¥4.4t | JP¥432.3b | JP¥196.9b | 21.3x | 22.1x | 10.1x |
| Wed, 30 Nov 2022 | JP¥4.6t | JP¥431.1b | JP¥196.5b | 22.7x | 23.4x | 10.7x |
| Fri, 28 Oct 2022 | JP¥4.5t | JP¥429.7b | JP¥195.4b | 22.2x | 23.1x | 10.5x |
| Sun, 25 Sep 2022 | JP¥4.8t | JP¥429.2b | JP¥194.9b | 23.6x | 24.4x | 11.1x |
| Tue, 23 Aug 2022 | JP¥4.8t | JP¥427.8b | JP¥193.4b | 23.1x | 24.6x | 11.1x |
| Thu, 21 Jul 2022 | JP¥4.7t | JP¥420.3b | JP¥188.8b | 22.8x | 24.7x | 11.1x |
| Sat, 18 Jun 2022 | JP¥4.5t | JP¥422.6b | JP¥189.6b | 22x | 24x | 10.7x |
| Mon, 16 May 2022 | JP¥4.6t | JP¥420.6b | JP¥190.3b | 22.2x | 24.4x | 11x |
| Wed, 13 Apr 2022 | JP¥4.6t | JP¥420.0b | JP¥189.9b | 23.2x | 24.2x | 11x |
| Fri, 11 Mar 2022 | JP¥4.6t | JP¥437.5b | JP¥197.5b | 22.4x | 23.3x | 10.5x |
| Sun, 06 Feb 2022 | JP¥4.6t | JP¥426.9b | JP¥191.5b | 22.9x | 24.3x | 10.9x |
| Tue, 04 Jan 2022 | JP¥4.8t | JP¥428.0b | JP¥191.7b | 23.6x | 25.2x | 11.3x |
| Thu, 02 Dec 2021 | JP¥4.9t | JP¥430.8b | JP¥192.9b | 24.1x | 25.4x | 11.4x |
| Sat, 30 Oct 2021 | JP¥5.1t | JP¥428.5b | JP¥191.7b | 24.4x | 26.7x | 12x |
| Mon, 27 Sep 2021 | JP¥5.1t | JP¥421.2b | JP¥186.2b | 25x | 27.4x | 12.1x |
| Wed, 25 Aug 2021 | JP¥5.1t | JP¥420.8b | JP¥186.1b | 24.9x | 27.2x | 12x |
| Thu, 01 Jul 2021 | JP¥5.2t | JP¥420.8b | JP¥186.1b | 26x | 28.1x | 12.4x |
| Sun, 04 Apr 2021 | JP¥4.9t | JP¥420.2b | JP¥186.6b | 24.7x | 26.4x | 11.7x |
| Wed, 06 Jan 2021 | JP¥4.4t | JP¥421.3b | JP¥188.2b | 21.6x | 23.2x | 10.4x |
Price to Earnings Ratio
20.7x
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 24.1x.
- The industry is trading close to its 3-year average PS ratio of 10.8x.
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 | -1.75% | |
| Real Estate | -0.74% | |
| REITS | -0.78% | |
| Office REITs | -0.10% | |
| Retail REITs | 0.83% | |
| Specialized REITs | 0% | |
| Residential REITs | -0.17% | |
| Hotel and Resort REITs | -0.61% | |
| Diversified REITs | -0.82% | |
| Healthcare REITs | -1.89% | |
| Industrial REITs | -2.51% | |
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 | |
|---|---|---|---|---|---|
| 8951 Nippon Building Fund | JP¥603.00k | 1.2% +JP¥11.9b | -8.6% | PB1.5x | |
| 8972 Kenedix Office Investment | JP¥338.00k | 0.7% +JP¥2.1b | -0.3% | PB1.2x |