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 Mar. 29, 2017

Average Dividend Yield of All J-REITs (Day-on-Day) Total Equity Market Capitalization of All J-REITs (Day-on-Day)
3.75% (+0.01) 11,957,347million JPY (-45,363million JPY)

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

CodeREITPrice on Mar. 29
(JPY)
% changeDividend yield
(%)
NAV per unit
(JPY)
P/NAVMarket cap
(million JPY)
Trading volume
(units)
Settlement month Sector
8951 Nippon Building   News 619,000 -1.12% 2.92 494,137 1.25 874,028 2,505 Jun. & Dec. 1
8952 Japan Real Estate   News 602,000 -1.31% 2.84 467,977 1.29 788,205 3,386 Mar. & Sep. 1
8953 Japan Retail    News 219,900 -0.77% 3.90 198,888 1.11 585,967 6,607 Feb. & Aug. 3
8954 ORIX JREIT   News 177,000 -0.06% 3.41 151,462 1.17 473,050 3,536 Feb. & Aug. 7
8955 Japan Prime Realty   News 438,000 -0.23% 3.27 290,725 1.51 404,274 2,345 Jun. & Dec. 7
8956 Premier   News 124,600 -0.80% 3.93 103,471 1.20 164,098 3,022 Apr. & Oct. 8
8957 TOKYU REIT   News 139,100 +0.51% 3.81 146,489 0.95 135,984 1,803 Jan. & Jul. 7
8958 Global One   News 392,000 -2.85% 3.74 498,588 0.79 75,970 553 Mar. & Sep. 1
8960 United Urban   News 171,200 +0.06% 3.70 140,289 1.22 523,031 7,797 May & Nov. 7
8961 MORI TRUST   News 175,000 -2.07% 4.11 131,427 1.33 231,000 5,072 Mar. & Sep. 7
8964 Frontier   News 504,000 -0.79% 3.89 399,318 1.26 249,984 458 Jun. & Dec. 3
8966 HEIWA   News 83,900 -1.64% 4.72 104,900 0.80 85,146 1,480 May & Nov. 7
8967 Japan Logistics   News 239,500 +0.38% 3.51 220,170 1.09 210,760 1,554 Jan. & Jul. 5
8968 Fukuoka REIT   News 181,500 -0.06% 3.64 154,911 1.17 135,581 1,250 Feb. & Aug. 7
8972 Kenedix Office   News 659,000 -1.35% 3.49 572,034 1.15 266,819 767 Apr. & Oct. 1
8973 Sekisui House SI   News 123,300 -2.38% 3.53 108,809 1.13 136,309 2,806 Mar. & Sep. 2
8975 Ichigo Office REIT   News 70,300 -0.85% 5.45 69,187 1.02 107,720 4,370 Apr. & Oct. 1
8976 Daiwa Office   News 571,000 -1.04% 3.75 595,861 0.96 284,283 1,250 May & Nov. 1
8977 Hankyu REIT   News 151,300 -0.13% 3.59 144,472 1.05 90,402 421 May & Nov. 7
8984 Daiwa House REIT   News 285,000 - 3.46 162,934 1.75 477,660 4,378 Feb. & Aug. 7
8985 Japan Hotel   News 77,700 -0.64% 4.56 71,873 1.08 292,300 6,139 Dec. 4
8986 Japan Rental Housing   News 80,800 -2.65% 4.53 75,684 1.07 132,517 3,835 Mar. & Sep. 2
8987 Japan Excellent   News 137,400 -0.58% 3.82 117,098 1.17 179,403 1,570 Jun. & Dec. 1
8963 Invincible   News 45,150 -1.10% 6.03 52,396 0.86 174,316 26,932 Jun. & Dec. 7
3226 Nippon Accommodations   News 497,500 +0.51% 3.32 366,276 1.36 241,050 464 Feb. & Aug. 2
3227 MCUBS MidCity   News 336,000 -0.15% 4.73 371,143 0.91 99,666 241 Jun. & Dec. 7
3234 MORI HILLS REIT   News 149,600 -0.80% 3.50 109,907 1.36 261,896 3,594 Jan. & Jul. 1
3249 Industrial & Infrastructure   News 505,000 -0.20% 3.97 375,981 1.34 200,568 1,662 Jan. & Jul. 8
3269 Advance Residence   News 304,000 +0.50% 3.32 199,899 1.52 410,400 1,605 Jan. & Jul. 2
8979 Starts Proceed   News 150,700 +0.20% 5.54 193,116 0.78 38,696 543 Apr. & Oct. 2
3278 Kenedix Residential   News 310,000 -0.16% 4.17 287,773 1.08 108,218 234 Jan. & Jul. 2
3279 Activia Properties   News 527,000 -0.19% 3.47 385,639 1.37 350,568 841 May & Nov. 7
3281 GLP J-REIT   News 129,200 +0.16% 3.78 98,819 1.31 368,618 4,558 Feb. & Aug. 5
3282 Comforia Residential   News 248,700 -0.92% 3.71 209,068 1.19 140,191 1,271 Jan. & Jul. 2
3283 Nippon Prologis   News 239,900 +0.46% 3.47 185,880 1.29 457,333 5,441 May & Nov. 5
3287 Hoshino Resorts   News 587,000 +0.69% 3.95 533,854 1.10 95,983 292 Apr. & Oct. 4
3290 SIA REIT   News 183,500 -0.70% 5.98 240,953 0.76 34,736 936 Feb. & Aug. 1
3292 AEON REIT   News 126,400 -0.71% 4.64 122,664 1.03 206,779 3,611 Jan. & Jul. 3
3295 Hulic Reit   News 185,400 -0.16% 3.40 151,493 1.22 193,743 2,568 Feb. & Aug. 7
3296 NIPPON REIT   News 287,600 -0.21% 5.57 310,012 0.93 112,670 513 Jun. & Dec. 1
3298 Invesco Office   News 100,200 -0.30% 7.03 115,743 0.87 81,718 2,414 Apr. & Oct. 1
3308 Nippon Healthcare   News 174,000 +0.58% 4.71 197,529 0.88 12,986 107 Apr. & Oct. 9
3451 Tosei Reit   News 107,000 +0.56% 6.14 119,748 0.89 19,602 708 Apr. & Oct. 7
3309 Sekisui House Reit   News 147,300 -0.67% 3.55 138,886 1.06 131,686 2,501 Apr. & Oct. 8
3453 Kenedix Retail   News 252,200 -2.85% 4.71 239,028 1.06 106,542 1,875 Mar. & Sep. 3
3455 Healthcare & Medical   News 99,800 -0.30% 5.16 108,508 0.92 19,272 302 Jan. & Jul. 9
3459 Samty Residential   News 83,400 -0.36% 6.29 93,378 0.89 23,602 476 Jan. & Jul. 2
3460 Japan Senior Living   News 138,700 -0.22% 5.05 196,339 0.71 11,755 72 Feb. & Aug. 9
3462 Nomura Master   News 172,800 +1.83% 3.36 145,366 1.19 722,845 9,485 Feb. & Aug. 7
3463 Ichigo Hotel REIT   News 114,700 -1.46% 5.32 129,890 0.88 29,545 1,113 Jan. & Jul. 4
3466 LaSalle LOGIPORT REIT   News 103,800 -1.61% 4.50 100,484 1.03 114,180 1,917 Feb. & Aug. 5
3468 Star Asia   News 97,900 -1.31% 8.56 107,569 0.91 33,746 7,701 Jan. & Jul. 7
3470 Marimo Regional Revitalization   News 89,900 +1.01% 7.13 114,117 0.79 8,178 216 Jun. & Dec. 7
3471 Mitsui Fudosan Logistics   News 329,500 +0.76% 3.16 73,808 272 Jan. & Jul. 5
3472 Ooedo Onsen Reit   News 90,000 +1.24% 5.41 93,834 0.96 15,858 233 May & Nov. 4
3473 SAKURA SOGO REIT   News 78,300 +0.38% 7.31 26,074 1,142 Feb. & Aug. 7
3476 MIRAI Corporation   News 164,800 -0.54% 5.72 48,410 832 Apr. & Oct. 7
3478 MORI TRUST Hotel   News 148,200 +0.07% 4.06 74,100 7,673 Feb. & Aug. 4

• 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)

ReitInfo.com

What's New
  • Feb. 7, 2017
    3478 MORI TRUST Hotel Reit,Inc. 2/7 Listing on TSE REIT Market
  • Dec. 16, 2016
    3476 MIRAI Corporation, 12/16 Listing on TSE REIT Market
  • Sep. 8, 2016
    3473 SAKURA SOGO REIT Investment Corporation, 9/8 Listing on TSE REIT Market
  • Aug. 31, 2016
    3472 Ooedo Onsen Reit Investment Corporation, 8/31 Listing on TSE REIT Market
  • Aug. 2, 2016
    3471 Mitsui Fudosan Logistics Park Inc. , 8/2 Listing on TSE REIT Market
Property Acquisition Price Rankings

(Billions of yen)

1 Shinjuku Maynds Tower 134
2 Roppongi Hills Mori Tower 115
3 Tokyo Shiodome Building 110
4 Shiodome Building 86
5 Kitanomaru Square 82
Unit Price Growth Rankings
1 Nomura Master +1.83%
2 Ooedo Onsen Reit +1.24%
3 Marimo Regional Revitalization +1.01%
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