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.	+24.29%	2.75%	1.46	1,112,656	1,129	71	18.92	4.44%	24.48%	43,300	5.33%	40.8%
8952	Japan Real Estate Investment Corporation	+19.59%	2.82%	1.31	972,417	1,025	73	18.88	4.45%	26.03%	39,660	5.27%	40.5%
8953	Japan Retail Fund Investment Corporation	+6.19%	4.06%	1.00	575,178	916	103	17.15	4.86%	18.45%	35,720	5.18%	45.1%
8954	ORIX JREIT Inc.	+27.67%	3.17%	1.29	620,172	667	110	16.76	5.13%	23.91%	35,600	5.31%	42.7%
8955	Japan Prime Realty Investment Corporation	+22.35%	3.01%	1.45	457,347	440	63	22.61	4.69%	20.15%	37,325	5.62%	40.5%
8956	Premier Investment Corporation	+31.38%	3.76%	1.22	195,179	244	58	22.73	4.83%	17.63%	27,850	6.90%	44.8%
8957	TOKYU REIT, Inc.	+31.01%	2.93%	1.16	196,986	231	31	21.24	4.40%	27.95%	29,500	5.28%	42.5%
8958	Global One Real Estate Investment Corporation	+27.99%	3.22%	1.11	138,992	191	11	15.70	4.05%	17.96%	37,272	4.47%	49.4%
8960	United Urban Investment Corporation	+16.70%	3.41%	1.31	629,904	644	122	23.67	5.39%	22.61%	41,340	6.96%	41.5%
8961	MORI TRUST Sogo Reit, Inc.	+17.35%	3.86%	1.26	250,932	324	15	20.30	4.34%	14.61%	36,680	6.07%	47.2%
8964	Frontier Real Estate Investment Corporation	+2.34%	4.59%	1.07	227,912	321	36	11.92	5.33%	24.66%	42,200	6.66%	33.4%
8966	HEIWA REAL ESTATE REIT, Inc.	+20.62%	3.72%	1.08	133,554	173	104	19.10	5.19%	21.01%	19,600	5.42%	44.5%
8967	Japan Logistics Fund, Inc.	+22.28%	3.61%	1.06	238,396	271	48	12.80	5.39%	40.23%	47,600	6.84%	44.2%
8968	Fukuoka REIT Corporation	+4.11%	4.04%	1.11	145,270	196	29	16.71	5.80%	17.22%	36,900	5.81%	39.7%
8972	Kenedix Office Investment Corporation	+15.83%	3.36%	1.18	344,951	426	97	23.89	4.89%	17.57%	27,020	5.43%	41.7%
8975	Ichigo Office REIT Investment Corporation	+16.80%	4.03%	1.31	160,890	203	85	26.09	5.64%	17.13%	29,645	7.25%	48.1%
8976	Daiwa Office Investment Corporation	+22.22%	3.13%	1.20	411,209	461	59	21.76	4.36%	20.99%	26,200	4.98%	42.1%
8977	Hankyu Hanshin REIT, Inc.	+12.99%	3.93%	0.98	110,050	167	30	16.00	4.81%	18.03%	31,100	5.18%	43.6%
8984	Daiwa House REIT Investment Corporation	+3.57%	3.78%	1.07	578,095	751	229	10.22	5.43%	14.11%	42,160	4.04%	41.3%
8985	Japan Hotel REIT Investment Corporation	+3.47%	4.26%	1.14	385,993	375	43	21.45	6.99%	42.61%	44,232	7.97%	39.0%
8986	Japan Rental Housing Investments Inc.	+7.95%	4.15%	1.07	158,102	221	188	15.45	5.72%	22.68%	16,000	5.85%	50.9%
8987	Japan Excellent, Inc.	+17.75%	3.37%	1.21	222,622	274	31	22.50	4.93%	17.30%	28,750	4.96%	44.4%
8963	Invincible Investment Corporation	+26.84%	5.64%	1.18	373,127	501	147	22.47	6.28%	18.28%	22,673	7.51%	50.5%
3226	Nippon Accommodations Fund Inc.	+31.59%	2.96%	1.56	328,990	312	127	13.62	5.50%	26.36%	40,200	6.79%	50.4%
3227	MCUBS MidCity Investment Corporation	+43.69%	3.49%	1.26	185,345	261	22	24.55	4.26%	3.91%	19,675	6.49%	43.8%
3234	Mori Hills REIT Investment Corporation	+15.06%	3.47%	1.25	308,056	391	11	18.47	3.79%	14.90%	28,500	5.37%	46.2%
3249	Industrial & Infrastructure Fund Investment Corporation	+25.68%	4.20%	1.40	263,362	299	72	21.63	5.75%	18.96%	49,360	7.07%	50.1%
3269	Advance Residence Investment Corporation	+18.26%	3.15%	1.45	459,000	449	265	13.16	5.56%	32.09%	32,094	6.30%	49.9%
8979	Starts Proceed Investment Corporation	+11.46%	4.76%	0.88	47,126	86	106	16.01	5.58%	13.58%	22,100	5.52%	51.1%
3278	Kenedix Residential Next Investment Corporation	+16.72%	3.85%	1.22	179,949	233	143	13.60	5.54%	15.68%	38,130	6.38%	50.3%
3279	Activia Properties Inc.	+8.61%	3.72%	1.20	408,749	499	44	17.94	4.47%	18.40%	39,436	6.05%	45.6%
3281	GLP J-REIT	+22.41%	3.90%	1.20	521,345	608	75	15.76	5.33%	21.32%	42,416	5.73%	44.9%
3282	Comforia Residential REIT, Inc	+25.67%	3.09%	1.38	210,834	226	126	10.55	5.23%	18.94%	40,720	6.09%	51.8%
3283	Nippon Prologis REIT, Inc.	+29.97%	3.16%	1.31	665,279	636	45	7.34	5.40%	26.27%	44,785	5.10%	37.7%
3287	Hoshino Resorts REIT, Inc.	-0.71%	4.72%	1.01	123,799	156	59	23.13	6.84%	12.21%	52,680	5.50%	35.8%
3290	ONE REIT, Inc.	+22.87%	4.45%	1.16	74,371	102	26	30.10	5.43%	13.02%	27,600	6.39%	46.2%
3292	AEON REIT Investment Corporation	+12.44%	4.45%	1.01	239,409	363	39	15.04	6.44%	13.45%	30,000	5.34%	41.4%
3295	Hulic Reit, Inc.	+14.29%	3.57%	1.13	239,191	314	51	21.24	4.59%	16.05%	34,100	5.31%	43.2%
3296	NIPPON REIT Investment Corporation	+22.02%	4.08%	1.26	193,245	249	90	24.69	5.07%	10.87%	35,084	5.84%	46.9%
3298	Invesco Office J-REIT, Inc.	+22.54%	3.93%	1.17	171,756	228	19	23.04	5.15%	16.16%	30,360	6.49%	49.4%
3308	Nippon Healthcare Investment Corporation	+3.87%	4.70%	0.89	13,434	20	23	11.42	6.26%	26.40%	42,300	5.03%	46.6%
3451	Tosei Reit Investment Corporation	+16.41%	5.33%	1.00	36,933	57	37	25.65	6.18%	14.18%	34,800	8.20%	46.7%
3309	Sekisui House Reit, Inc.	+26.97%	3.54%	1.17	387,695	528	120	9.74	4.46%	11.91%	32,030	4.84%	45.3%
3453	Kenedix Retail REIT Corporation	+8.80%	4.92%	1.04	132,510	214	55	15.00	5.34%	6.71%	32,110	5.65%	44.6%
3455	Healthcare & Medical Investment Corporation	+19.68%	4.98%	1.16	41,239	65	35	14.92	5.56%	7.22%	33,020	5.27%	50.6%
3459	Samty Residential Investment Corporation	+26.90%	4.70%	1.21	58,980	91	96	9.10	5.60%	5.02%	27,520	5.73%	51.0%
3462	Nomura Real Estate Master Fund, Inc.	+20.28%	3.41%	1.20	854,892	1,011	289	18.79	5.19%	11.28%	32,100	4.09%	44.5%
3463	Ichigo Hotel REIT Investment Corporation	-14.35%	5.22%	0.83	30,750	54	23	26.73	6.19%	10.84%	31,470	8.41%	38.8%
3466	LaSalle LOGIPORT REIT	+34.74%	4.40%	1.30	174,119	213	17	12.03	4.94%	8.36%	31,630	5.19%	43.6%
3468	Star Asia Investment Corporation	+8.82%	4.78%	1.03	62,736	103	34	20.96	5.05%	7.77%	27,700	7.41%	47.1%
3470	Marimo Regional Revitalization REIT,Inc.	+5.60%	5.72%	0.97	15,735	25	26	13.80	6.83%	16.64%	34,000	6.21%	47.7%
3471	Mitsui Fudosan Logistics Park Inc.	+34.01%	3.02%	1.38	162,781	157	16	4.59	5.38%	10.67%	25,968	4.11%	26.8%
3472	Ooedo Onsen Reit Investment Corporation	+1.74%	5.38%	0.84	20,616	37	14	38.31	7.18%	11.05%	23,585	5.29%	40.6%
3473	SAKURA SOGO REIT Investment Corporation	+5.96%	3.51%	0.99	31,968	58	18	22.76	5.46%	5.66%	16,845	5.83%	44.8%
3476	MIRAI Corporation	+20.67%	5.50%	1.20	90,944	143	29	21.46	4.88%	4.57%	31,600	6.46%	49.0%
3478	MORI TRUST Hotel Reit,Inc.	-2.12%	4.42%	1.09	71,450	102	4	12.43	4.13%	15.48%	31,600	6.04%	46.1%
3481	Mitsubishi Estate Logistics REIT Investment Corporation	+21.00%	3.45%	1.18	78,169	83	10	7.59	4.95%	6.46%	21,968	3.80%	22.5%
3487	CRE Logistics REIT,Inc.	+21.08%	4.56%	1.13	34,247	54	9	2.45	5.27%	6.71%	30,095	5.52%	47.7%
3488	XYMAX REIT Investment Corporation	+19.38%	4.35%	0.96	30,003	33	12	16.93	6.70%	26.28%	29,240	6.93%	31.8%
3492	Takara Leben Real Estate Investment Corporation	+32.97%	6.73%	1.16	42,082	67	29	25.24	5.38%	6.57%	41,000	7.14%	47.8%
3493	ITOCHU Advance Logistics Investment Corporation	+15.01%	4.31%	0.99	38,857	59	8	3.11	5.71%	7.11%	23,430	1.91%	37.0%
2971	ESCON JAPAN REIT Investment Corporation	+17.36%	5.94%		27,397	42	25	17.53		7.98%	34,355
2972	SANKEI REAL ESTATE Inc.	+19.27%	3.23%		28,776	43	8	16.09			19,402

What's New

Mar. 12, 2019
2972 SANKEI REAL ESTATE Inc. 3/12 Listing on TSE REIT Market
Sep. 27, 2018
9285 Tokyo Infrastructure Energy Investment Corporation 9/27 Listing on TSE REIT Market
Sep. 7, 2018
3493 ITOCHU Advance Logistics Investment Corporation 9/7 Listing on TSE REIT Market
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

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	Garden City Shinagawa Gotenyama	72

Unit Price Growth Rankings

1	Japan Excellent	+3.33%
2	NIPPON REIT	+2.38%
3	ITOCHU Advance Logistics	+2.16%