This page contains a list of the latest prices, yields, and equity market capitalization of J-REITs. Click on a category to sort the table by the particular category.

Definition of Terms / Calculation Method
<Dividend Yield>
The dividend yield is the ratio of dividends (dividends) paid out compared to the investment amount. This is used as an indicator to measure investment return.
Calculation method:
(Current period forecast dividend + Next period forecast dividend) / Investment unit price
-Forecast dividends are applied from the next business day after the public release of documents by each J-REIT.
-Dividends in excess of profits are included in forecast dividends.
-The price of investment units represents the daily closing price on the Tokyo Stock Exchange.

The following calculation method is applied in cases when the calculation method described above cannot be applied:
1. J-REITs reporting earnings annually:
Current period forecast dividend / Investment unit price

2. J-REITs that do not release a current forecast distribution:
(Forecast dividend from the previous period x 2) / Investment unit price

3. J-REITs that do not release their next forecast distribution:
(Current period forecast dividend x 2) / Investment unit price

4. J-REITs with irregular reporting periods:
The forecast dividend for each period is calculated for a six-month period

<NAV per Unit>
Net asset value (NAV) is the market value of a real estate portfolio.
NAV per unit is calculated by dividing the number of investment units by the NAV.

Calculation method:
Investment amount per unit + Unrealized P/L per unit = (Unitholders’ capital + Investment surplus) / Number of investment units + (Real estate appraisal value – Real estate book value) / Number of investment units at the period-end
-Data for the unitholders’ capital, investment surplus, and number of investment units are applied from the investment value date based on publicly released documents of the J-REIT.
-Data for the real estate appraisal value, real estate book value, and number of investment units at the period-end are applied from the following month after the earnings released by each J-REIT.
Note: Not calculated for J-REITs that do not report earnings data.

<P/NAV>
The price/NAV ratio is an indicator that shows the degree to which the investment unit price is undervalued compared to the NAV of a J-REIT’s real estate portfolio based on the market value. The price/NAV ratio is equivalent to the price-to-book-value ratio (PBR) used for stocks.
Calculation method:
Investment unit price / NAV per unit
-The investment unit price represents the daily closing price on the Tokyo Stock Exchange
-Refer to the NAV per unit above
Note: Not calculated for J-REITs that do not report earnings data.

List of YieldsAs of Dec. 14, 2018

Average Dividend Yield of All J-REITs (Day-on-Day) Total Equity Market Capitalization of All J-REITs (Day-on-Day)
4.05% (-0.03) 13,266,402million JPY (+104,873million JPY)

*Click on a category to sort the table by that particular category.

CodeREITPrice on Dec. 14
(JPY)
% changeDividend yield
(%)
NAV per unit
(JPY)
P/NAVMarket cap
(million JPY)
Trading volume
(units)
Settlement month Sector
8951 Nippon Building   News 699,000 +1.01% 2.88 533,083 1.31 986,988 7,078 Jun. & Dec. 1
8952 Japan Real Estate   News 627,000 +1.46% 3.06 525,172 1.19 868,527 4,914 Mar. & Sep. 1
8953 Japan Retail    News 224,300 +1.68% 3.95 216,206 1.04 587,221 12,456 Feb. & Aug. 3
8954 ORIX JREIT   News 185,600 +1.20% 3.65 169,886 1.09 512,256 13,839 Feb. & Aug. 7
8955 Japan Prime Realty   News 440,500 -0.90% 3.31 329,522 1.34 406,582 4,666 Jun. & Dec. 7
8956 Premier   News 123,500 +0.16% 4.21 109,366 1.13 162,649 4,033 Apr. & Oct. 8
8957 TOKYU REIT   News 165,800 +0.42% 3.51 167,924 0.99 162,086 4,278 Jan. & Jul. 7
8958 Global One   News 122,400 +3.20% 3.53 124,879 0.98 108,408 5,171 Mar. & Sep. 1
8960 United Urban   News 175,600 +1.21% 4.04 147,749 1.19 536,473 13,555 May & Nov. 7
8961 MORI TRUST   News 164,300 +1.17% 4.44 148,076 1.11 216,876 5,556 Mar. & Sep. 7
8964 Frontier   News 448,500 +1.13% 4.54 422,109 1.06 222,456 1,780 Jun. & Dec. 3
8966 HEIWA   News 122,000 +1.50% 3.93 114,711 1.06 123,811 3,546 May & Nov. 7
8967 Japan Logistics   News 229,000 +0.22% 4.07 245,133 0.93 209,306 2,221 Jan. & Jul. 5
8968 Fukuoka REIT   News 171,700 - 4.16 161,315 1.06 136,673 2,684 Feb. & Aug. 7
8972 Kenedix Office   News 739,000 +0.54% 3.59 625,856 1.18 316,669 1,490 Apr. & Oct. 1
8975 Ichigo Office REIT   News 94,200 +1.51% 4.19 76,249 1.24 144,341 3,082 Apr. & Oct. 1
8976 Daiwa Office   News 709,000 +1.72% 3.39 653,698 1.08 348,741 1,229 May & Nov. 1
8977 Hankyu Hanshin REIT   News 146,500 +1.24% 4.26 153,959 0.95 101,451 3,052 May & Nov. 7
8984 Daiwa House REIT   News 250,100 +0.04% 4.16 254,169 0.98 481,943 7,800 Feb. & Aug. 7
8985 Japan Hotel   News 84,400 +1.20% 4.61 74,155 1.14 338,515 25,553 Dec. 4
8986 Japan Rental Housing   News 85,000 -0.47% 4.59 86,149 0.99 139,405 7,933 Mar. & Sep. 2
8987 Japan Excellent   News 153,000 +0.39% 3.63 135,867 1.13 199,772 3,343 Jun. & Dec. 1
8963 Invincible   News 49,300 +0.61% 6.58 50,585 0.97 283,385 72,505 Jun. & Dec. 7
3226 Nippon Accommodations   News 547,000 +1.30% 3.42 415,165 1.32 265,034 1,642 Feb. & Aug. 2
3227 MCUBS MidCity   News 93,000 +1.75% 5.58 85,945 1.08 152,811 7,165 Jun. & Dec. 1
3234 MORI HILLS REIT   News 139,800 -0.14% 4.00 122,273 1.14 262,119 7,001 Jan. & Jul. 1
3249 Industrial & Infrastructure   News 112,000 +0.81% 4.79 101,871 1.10 190,267 5,746 Jan. & Jul. 8
3269 Advance Residence   News 310,500 +0.49% 3.45 224,843 1.38 419,175 3,088 Jan. & Jul. 2
8979 Starts Proceed   News 169,900 +1.07% 5.17 198,865 0.85 43,626 527 Apr. & Oct. 2
3278 Kenedix Residential   News 169,300 +1.07% 4.49 157,769 1.07 147,144 2,226 Jan. & Jul. 8
3279 Activia Properties   News 465,500 +0.11% 4.25 416,744 1.12 325,247 5,883 May & Nov. 7
3281 GLP J-REIT   News 113,400 +0.53% 4.58 111,031 1.02 434,710 9,782 Feb. & Aug. 5
3282 Comforia Residential   News 293,700 +1.45% 3.37 228,062 1.29 172,400 2,000 Jan. & Jul. 2
3283 Nippon Prologis   News 237,900 +0.81% 3.73 206,618 1.15 520,038 7,735 May & Nov. 5
3287 Hoshino Resorts   News 522,000 +0.77% 4.93 542,585 0.96 115,812 599 Apr. & Oct. 4
3290 ONE REIT   News 259,900 +1.29% 5.21 255,081 1.02 62,352 959 Feb. & Aug. 1
3292 AEON REIT   News 128,500 +0.71% 4.67 134,554 0.96 228,389 4,495 Jan. & Jul. 3
3295 Hulic Reit   News 169,100 +0.77% 4.02 163,650 1.03 211,544 4,502 Feb. & Aug. 7
3296 NIPPON REIT   News 378,500 +1.75% 4.47 329,533 1.15 170,299 2,520 Jun. & Dec. 7
3298 Invesco Office   News 16,390 +1.05% 5.20 14,643 1.12 141,665 36,788 Apr. & Oct. 1
3308 Nippon Healthcare   News 165,000 -0.30% 5.04 199,615 0.83 12,314 238 Apr. & Oct. 9
3451 Tosei Reit   News 109,000 +0.28% 6.68 120,955 0.90 30,849 954 Apr. & Oct. 7
3309 Sekisui House Reit   News 70,800 +1.14% 4.31 73,218 0.97 266,356 11,181 Apr. & Oct. 7
3453 Kenedix Retail   News 250,000 +0.40% 5.12 251,355 0.99 126,925 3,840 Mar. & Sep. 3
3455 Healthcare & Medical   News 113,800 +0.44% 5.47 117,498 0.97 21,976 474 Jan. & Jul. 9
3459 Samty Residential   News 89,600 +0.56% 6.01 95,626 0.94 45,167 749 Jan. & Jul. 2
3462 Nomura Master   News 147,000 - 4.23 153,545 0.96 635,305 17,152 Feb. & Aug. 7
3463 Ichigo Hotel REIT   News 137,300 +0.44% 6.32 146,319 0.94 35,008 1,299 Jan. & Jul. 4
3466 LaSalle LOGIPORT REIT   News 107,400 -0.19% 4.79 108,962 0.99 118,140 3,879 Feb. & Aug. 5
3468 Star Asia   News 107,300 -0.09% 6.51 110,809 0.97 58,030 2,385 Jan. & Jul. 7
3470 Marimo Regional Revitalization   News 110,000 +0.18% 6.21 121,821 0.90 14,557 367 Jun. & Dec. 7
3471 Mitsui Fudosan Logistics   News 323,000 -1.07% 3.72 305,936 1.06 84,876 789 Jan. & Jul. 5
3472 Ooedo Onsen Reit   News 83,000 +0.48% 5.81 100,983 0.82 19,534 873 May & Nov. 4
3473 SAKURA SOGO REIT   News 87,200 +0.23% 5.96 96,906 0.90 29,038 1,114 Jun. & Dec. 7
3476 MIRAI Corporation   News 190,100 +2.54% 6.00 180,207 1.05 75,167 7,069 Apr. & Oct. 7
3478 MORI TRUST Hotel   News 130,200 +0.31% 4.59 127,412 1.02 65,100 1,068 Feb. & Aug. 4
3481 Mitsubishi Estate Logistics   News 246,600 +0.24% 4.42 264,674 0.93 60,618 628 Feb. & Aug. 5
3487 CRE Logistics    News 105,500 +0.48% 5.91 115,276 0.92 24,386 652 Jun. & Dec. 5
3488 XYMAX REIT    News 112,800 +0.45% 5.68 138,267 0.82 25,200 616 Feb. & Aug. 7
3492 Takara Leben REIT   News 88,000 +0.23% 7.16 30,404 1,457 Feb. & Aug. 1
3493 ITOCHU Advance Logistics   News 84,800 +0.12% 5.01 30,286 1,842 Jan. & Jul. 5

• New City Residence Investment Corporation (8965): Delisted on November 10, 2008 → Merged with BLife Investment Corporation on April 1, 2010 (trade name changed to Daiwa House Residential Investment Corporation)
• LCP Investment Corporation (8980): Delisted on January 27, 2010 → Merged with Invincible Investment Corporation on February 1, 2010
• Nippon Residential Investment Corporation (8962) and Advance Residence Investment Corporation (8978): Delisted on February 24, 2010 → Listed on March 2, 2010 after merger with and new establishment of Advance Residence Investment Corporation (3269)
• LaSalle Japan REIT Inc. (8974): Delisted on February 24, 2010 → Merged with Japan Retail Fund Investment Corporation on March 1, 2010
• Prospect REIT Investment Corporation (8969): Delisted on June 28, 2010 → Merged with Japan Rental Housing Investments Inc. on July 1, 2010
• Japan Single-residence REIT Inc. (8970): Delisted on September 28, 2010 → Merged with Heiwa Real Estate REIT, Inc. on October 1, 2010
• Nippon Commercial Investment Corporation (3229): Delisted on November 26, 2010 → Merged with United Urban Investment Corporation on December 1, 2010
• Ichigo Real Estate Investment Corporation (8983): Delisted on October 27, 2011 → Merged with FC Residential Investment Corporation on November 1, 2011 (trade name changed to Ichigo Real Estate Investment Corporation)
• Japan Hotel and Resort, Inc. (8981): Delisted on March 28, 2012 → Merged with Japan Hotel Fund Investment Corporation on April 1, 2012 (trade name changed to Japan Hotel REIT Investment Corporation)
• Nomura Real Estate Office Fund, Inc. (8959), Nomura Real Estate Residential Fund, Inc. (3240), Nomura Real Estate Master Fund, Inc. (3285): Delisted on September 28, 2015 → Listed on October 2, 2015 after merger with and new establishment of Nomura Real Estate Master Fund, Inc. (3462)
• Top REIT, Inc. (8982): Delisted on August 29, 2016 → Merged with Nomura Real Estate Master Fund, Inc. on September 1, 2016
• Daiwa House REIT Investment Corporation (3263): Delisted on August 29, 2016 → Merged with Daiwa House Residential Investment Corporation on September 1, 2016 (trade name changed to Daiwa House REIT Investment Corporation)

• Sekisui House SI Residential Investment Corporation (8973): Delisted on April 25, 2018 → Merged with Sekisui House Reit, Inc. on May 1, 2018

日本再生可能エネルギーインフラ投資法人

ReitInfo.com

Property Acquisition Price Rankings

(Billions of yen)

1 Roppongi Hills Mori Tower 115
2 Tokyo Shiodome Building 110
3 Shiodome Building 107
4 Kitanomaru Square 82
5 Shiodome Building 72
Unit Price Growth Rankings
1 Global One +3.20%
2 MIRAI Corporation +2.54%
3 MCUBS MidCity +1.75%
* This website provides information and data on J-REITs and is not intended as a solicitation for investment.
* The information appearing on this website has been carefully vetted, but the accuracy of the content is in no way guaranteed and may change without notice (that is, it may be modified or deleted).
* Users shall be responsible for the use of the information published on this website. The Company cannot be held liable whatsoever regarding the use of this information.
* Copyrights related to the information published on this website belong to the Company. The unauthorized use (diversion or reproduction, etc.) of this information is strictly prohibited.