Japanese (NIKKEI) Office REITs Industry Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies13
- 7D2.1%
- 3M1.2%
- 1Y-5.9%
- YTD1.7%
Last week, the Office REITs industry hasn't moved much but Nippon Building Fund is up 5.3% in that time. Unfortunately though, the industry is down 7.6% over the past 12 months. As for the next few years, earnings are forecast to decline by 4.2% per annum.
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 |
|---|---|---|---|---|---|---|
| Mon, 30 Oct 2023 | JP¥4.2t | JP¥424.1b | JP¥181.1b | 21.5x | 23.3x | 9.9x |
| Wed, 27 Sep 2023 | JP¥4.2t | JP¥424.8b | JP¥184.9b | 21.3x | 22.9x | 10x |
| Fri, 25 Aug 2023 | JP¥4.2t | JP¥428.0b | JP¥184.9b | 21.8x | 22.8x | 9.9x |
| Sun, 23 Jul 2023 | JP¥4.2t | JP¥427.4b | JP¥192.9b | 20.8x | 21.8x | 9.8x |
| Tue, 20 Jun 2023 | JP¥4.0t | JP¥423.9b | JP¥187.8b | 20.5x | 21.3x | 9.4x |
| Thu, 18 May 2023 | JP¥3.9t | JP¥417.8b | JP¥184.2b | 20.4x | 21.4x | 9.4x |
| Sat, 15 Apr 2023 | JP¥4.2t | JP¥427.0b | JP¥190.5b | 21.2x | 21.9x | 9.8x |
Price to Earnings Ratio
21.8x
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 22.0x.
- The industry is trading close to its 3-year average PS ratio of 9.7x.
Past Earnings Growth
- The earnings for companies in the Office REITs industry have declined 2.5% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Japanese Real Estate industry?
| JP Market | 0.03% | |
| Real Estate | 0.13% | |
| Office REITs | 2.15% | |
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 | 2.2% +JP¥22.1b | -8.8% | PB1.5x | |
| 8976 Daiwa Office Investment | JP¥659.00k | 1.1% +JP¥3.3b | -6.1% | PB1.3x | |
| 3234 Mori Hills REIT Investment | JP¥140.90k | 1.1% +JP¥3.1b | -13.4% | PB1.3x | |
| 3290 One REIT | JP¥256.80k | 2.1% +JP¥1.4b | 3.6% | PB1.1x | |
| 8958 Global One Real Estate Investment | JP¥114.00k | 0.6% +JP¥716.0m | -0.7% | PB1.1x |