Rankings

This page contains the top five J-REITs ranked by price, portfolio, and financial categories, further broken down into subcategories.

Definition of Ranking Categories

<% Change in Unit Price>
The percentage change in the investment unit price over a one-year period
The investment unit price represents the daily closing price on the Tokyo Stock Exchange.

<Asset Size>
The total acquisition cost of owned properties as of the end of the month is applied on the 15th of the following month (the next business day if the 15th is a holiday).

<Age of Properties>
The age of owned properties as of the end of the month (weighted average of acquisition amount) is applied on the 15th of the following month (the next business day if the 15th is a holiday).

<Ratio of Appraisal Gains or Losses>
The ratio of appraisal gains or losses on owned real estate at the end of a period (appraisal value of real estate portfolio / book value of real estate portfolio – 1)
Data from J-REIT earnings reports are applied on the 15th of the following month after the publicly release of the each J-REIT’s earnings report (the next business day if the 15th is a holiday).
Note: Not calculated for J-REITs that do not report earnings data after listing.

<Return on Equity (ROE)>
Data from J-REIT earnings reports are applied on the 15th of the following month (the next business day if the 15th is a holiday).

Note: Not calculated for J-REITs that do not report earnings data after listing.

% Change in Unit Price
Dividend Yield
P/NAV
Market Cap
Asset Size
Age of Properties
NOI Yield
Ratio of Appraisal Gains or Losses
Annual Dividends
ROE
Loan to value

Code	REIT	% Change in Unit Price	Dividend Yield	P/NAV	Market Cap (million JPY)	Asset Size (billion JPY)	# of Buildings	Age of Properties	NOI Yield	Ratio of Appraisal Gains or Losses	Annual Dividends (JPY)	ROE	LTV
8951	Nippon Building Fund Inc.	-5.07%	3.25%	1.19	872,616	1,105	72	18.48	4.25%	21.99%	40,200	5.41%	40.8%
8952	Japan Real Estate Investment Corporation	-10.89%	3.23%	1.11	793,725	1,015	71	18.01	4.49%	23.65%	36,960	5.24%	43.2%
8953	Japan Retail Fund Investment Corporation	-15.81%	4.31%	0.98	538,264	910	101	16.30	5.12%	15.74%	35,440	5.70%	45.0%
8954	ORIX JREIT Inc.	-4.65%	3.82%	1.06	480,516	669	111	15.83	5.04%	19.76%	33,250	5.49%	43.7%
8955	Japan Prime Realty Investment Corporation	-13.14%	3.68%	1.24	365,970	435	62	22.05	4.67%	15.38%	36,450	5.54%	40.6%
8956	Premier Investment Corporation	-16.60%	4.62%	1.03	148,162	246	59	21.73	4.71%	10.24%	26,000	5.97%	45.5%
8957	TOKYU REIT, Inc.	+4.33%	3.97%	0.94	148,400	224	29	20.17	4.27%	22.64%	30,100	4.36%	42.2%
8958	Global One Real Estate Investment Corporation	-73.75%	3.71%	0.91	99,639	182	11	15.83	4.03%	14.27%	33,360	4.17%	49.7%
8960	United Urban Investment Corporation	-5.18%	4.05%	1.17	526,086	613	117	23.63	5.64%	19.92%	41,820	6.76%	39.5%
8961	MORI TRUST Sogo Reit, Inc.	-9.98%	4.52%	1.14	213,180	324	15	19.30	4.24%	10.74%	36,500	6.00%	47.2%
8964	Frontier Real Estate Investment Corporation	-11.09%	4.53%	1.09	222,704	304	35	11.98	5.46%	22.07%	40,720	6.58%	31.3%
8966	HEIWA REAL ESTATE REIT, Inc.	+29.86%	4.29%	0.94	109,908	167	100	18.04	5.11%	17.30%	18,600	10.15%	43.4%
8967	Japan Logistics Fund, Inc.	-11.42%	4.24%	0.90	196,419	271	46	12.23	5.57%	35.77%	45,600	5.82%	44.3%
8968	Fukuoka REIT Corporation	-5.41%	4.08%	1.12	139,220	193	28	15.94	5.65%	15.19%	35,700	5.64%	38.9%
8972	Kenedix Office Investment Corporation	+6.01%	3.84%	1.10	294,815	422	97	22.76	4.72%	11.91%	26,400	5.50%	43.9%
8975	Ichigo Office REIT Investment Corporation	+20.68%	4.41%	1.17	136,833	198	84	25.02	5.50%	15.01%	27,587	8.68%	46.9%
8976	Daiwa Office Investment Corporation	+17.33%	3.52%	1.04	333,001	441	56	21.63	3.92%	17.04%	23,850	4.65%	40.5%
8977	Hankyu REIT, Inc.	-5.45%	4.36%	0.89	88,560	154	27	17.92	4.89%	15.67%	30,250	4.81%	43.6%
8984	Daiwa House REIT Investment Corporation	-6.93%	3.82%	1.09	514,702	672	213	9.54	5.37%	11.30%	40,800	3.83%	41.4%
8985	Japan Hotel REIT Investment Corporation	+3.38%	4.65%	1.12	331,697	319	44	20.10	7.06%	38.51%	46,128	6.93%	39.9%
8986	Japan Rental Housing Investments Inc.	+8.01%	4.37%	1.07	145,965	225	198	14.63	5.66%	17.67%	15,560	5.84%	50.9%
8987	Japan Excellent, Inc.	+0.14%	3.86%	1.12	187,629	274	31	21.50	4.65%	11.04%	27,750	5.10%	43.4%
8963	Invincible Investment Corporation	-8.00%	6.97%	0.96	275,441	364	125	20.71	6.29%	22.06%	22,121	7.99%	50.3%
3226	Nippon Accommodations Fund Inc.	+4.36%	3.46%	1.27	249,529	303	122	12.69	5.21%	21.26%	35,600	6.40%	50.0%
3227	MCUBS MidCity Investment Corporation	+14.87%	4.49%	0.94	128,164	261	22	24.63	4.13%	0.18%	17,500	3.74%	42.2%
3234	Mori Hills REIT Investment Corporation	-8.17%	3.92%	1.23	266,712	360	11	18.54	3.72%	7.77%	27,950	5.15%	45.4%
3249	Industrial & Infrastructure Fund Investment Corporation	-78.66%	4.56%	1.17	197,912	275	66	20.73	5.84%	18.23%	42,496	6.95%	50.3%
3269	Advance Residence Investment Corporation	-5.66%	3.68%	1.32	384,615	448	263	12.16	5.55%	25.95%	31,494	6.11%	49.4%
8979	Starts Proceed Investment Corporation	+8.82%	5.24%	0.84	42,753	86	107	15.04	5.51%	10.29%	21,825	5.53%	50.5%
3278	Kenedix Residential Next Investment Corporation	-47.08%	4.51%	1.10	146,017	193	129	12.89	5.45%	16.42%	38,025	5.65%	51.5%
3279	Activia Properties Inc.	-9.33%	3.91%	1.17	339,570	431	42	16.60	4.60%	17.19%	38,004	5.92%	44.7%
3281	GLP J-REIT	-16.22%	4.62%	1.04	381,441	525	68	13.85	5.33%	23.99%	41,456	5.99%	48.4%
3282	Comforia Residential REIT, Inc	+2.64%	3.71%	1.16	152,677	202	117	9.93	5.38%	16.59%	38,640	5.45%	50.8%
3283	Nippon Prologis REIT, Inc.	-9.63%	4.04%	1.06	478,067	560	40	7.20	5.45%	22.51%	44,155	4.76%	36.4%
3287	Hoshino Resorts REIT, Inc.	-8.41%	4.53%	1.04	125,574	147	56	22.77	6.83%	11.71%	51,292	5.25%	35.0%
3290	ONE REIT, Inc.	+27.67%	5.35%	0.97	47,552	81	24	27.99	5.12%	11.35%	26,880	7.84%	45.8%
3292	AEON REIT Investment Corporation	-5.69%	4.98%	0.92	212,037	356	39	14.30	6.64%	10.85%	29,700	5.39%	41.4%
3295	Hulic Reit, Inc.	-11.29%	4.17%	1.04	185,703	271	46	18.14	4.54%	14.66%	34,850	5.82%	42.1%
3296	NIPPON REIT Investment Corporation	+23.00%	4.90%	1.08	155,451	248	87	24.38	5.01%	8.52%	33,858	6.34%	46.1%
3298	Invesco Office J-REIT, Inc.	-84.16%	5.45%	1.07	135,096	220	18	22.38	5.06%	12.44%	34,080	6.46%	49.6%
3308	Nippon Healthcare Investment Corporation	-2.82%	4.80%	0.86	12,844	19	22	10.60	6.12%	24.82%	41,300	4.77%	46.3%
3451	Tosei Reit Investment Corporation	+1.36%	5.85%	0.90	26,253	46	31	24.91	6.07%	11.44%	32,760	6.75%	46.8%
3309	Sekisui House Reit, Inc.	-52.71%	4.32%	0.97	266,356	441	113	8.94	4.14%	18.58%	30,570	4.69%	40.7%
3453	Kenedix Retail REIT Corporation	-9.99%	5.21%	0.97	121,645	213	53	13.84	5.32%	5.89%	31,188	5.46%	42.9%
3455	Healthcare & Medical Investment Corporation	+3.87%	4.73%	0.95	21,242	41	25	15.48	5.67%	6.14%	26,000	5.00%	48.8%
3459	Samty Residential Investment Corporation	+5.02%	5.85%	0.95	42,007	82	82	9.05	5.57%	6.79%	26,925	4.71%	51.4%
3462	Nomura Real Estate Master Fund, Inc.	-12.71%	4.02%	1.01	665,125	956	281	18.79	5.05%	9.45%	30,915	3.89%	44.6%
3463	Ichigo Hotel REIT Investment Corporation	+6.67%	7.73%	0.97	35,467	51	21	25.17	6.31%	9.47%	53,770	5.15%	39.2%
3466	LaSalle LOGIPORT REIT	-4.29%	4.78%	1.01	117,810	188	11	12.10	4.63%	6.67%	25,605	4.73%	38.6%
3468	Star Asia Investment Corporation	+7.16%	6.74%	0.96	49,980	87	29	21.31	4.93%	8.38%	35,800	8.54%	45.5%
3470	Marimo Regional Revitalization REIT,Inc.	+26.24%	6.11%	0.97	14,835	25	25	13.13	7.18%	18.09%	34,260	6.31%	49.5%
3471	Mitsui Fudosan Logistics Park Inc.	-4.06%	3.66%	1.06	83,825	98	12	4.07	5.39%	9.42%	23,332	3.95%	22.5%
3472	Ooedo Onsen Reit Investment Corporation	+3.24%	5.63%	0.85	20,263	37	14	37.31	7.02%	8.45%	24,225	5.39%	42.2%
3473	SAKURA SOGO REIT Investment Corporation	+10.21%	5.73%	0.94	30,203	56	17	21.91	5.38%	4.98%	26,000	7.64%	45.9%
3476	MIRAI Corporation	+9.08%	5.90%	1.04	64,382	122	23	22.42	4.69%	1.96%	28,000	6.43%	49.1%
3478	MORI TRUST Hotel Reit,Inc.	-0.07%	4.33%	1.15	72,750	102	4	11.43	4.03%	13.20%	31,500	6.00%	46.6%
3481	Mitsubishi Estate Logistics REIT Investment Corporation	-5.38%	3.98%	0.99	56,496	71	8	7.50		4.78%	20,996	3.95%	27.5%
3487	CRE Logistics REIT,Inc.		5.75%		25,080	48	7	1.61			31,185
3488	XYMAX REIT Investment Corporation		4.82%		25,155	33	12	15.93			27,111
3492	Takara Leben Real Estate Investment Corporation		3.69%		31,579	64	27	25.38			16,863
3493	ITOCHU Advance Logistics Investment Corporation

What's New

Jul. 27, 2018
3492 Takara Leben Real Estate Investment Corporation 7/27 Listing on TSE REIT Market
Feb. 15, 2018
3488 XYMAX REIT Investment Corporation 2/15 Listing on TSE REIT Market
Feb. 7, 2018
3487 CRE Logistics REIT,Inc 2/7 Listing on TSE REIT Market
Sep. 14, 2017
3481 Mitsubishi Estate Logistics REIT Investment Corporation 9/14 Listing on TSE REIT Market
Feb. 7, 2017
3478 MORI TRUST Hotel Reit,Inc. 2/7 Listing on TSE REIT Market

J-REIT News

Feb. 10, 2015: Kenedix Retail REIT Corporation: Listing on TSE REIT Market
Feb. 6, 2015: Nippon Accommodations Fund Inc.: Issuance of New Investment Units and Secondary Offering of Investment Units, Acquisition of 4 Properties
Jan. 23, 2015: Daiwa Office Investment Corporation: Financial Results for the 18th Fiscal Period
Jan. 22, 2015: Hankyu REIT, Inc.: Financial Results for the 19th Fiscal Period
Jan. 22, 2015: AEON REIT Investment Corporation: Issuance of New Investment Units and Secondary Offering of Investment Units, Acquisition of 6 Retail Properties

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	Star Asia	+0.28%
2	Ooedo Onsen Reit	+0.12%
3	Takara Leben REIT	+0.11%