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.	+16.48%	3.42%	1.19	1,271,123	1,519	70	23.93	4.16%	25.96%	49,250	6.66%	42.6%
8952	Japan Real Estate Investment Corporation	+16.25%	4.03%	1.03	900,673	1,170	78	22.21	4.12%	34.52%	50,970	6.54%	42.8%
8953	Japan Metropolitan Fund Investment Corporation	+33.65%	4.73%	1.02	896,943	1,348	157	22.68	4.60%	21.48%	47,216	6.63%	45.2%
8954	ORIX JREIT Inc.	+21.61%	4.52%	0.99	584,016	794	121	20.46	4.90%	37.01%	47,800	7.05%	45.5%
8955	Japan Prime Realty Investment Corporation	+20.56%	3.98%	1.08	433,163	552	65	24.69	4.42%	26.04%	42,590	7.62%	43.6%
8956	NTT UD REIT Investment Corporation	+8.56%	4.35%	0.97	210,398	296	61	25.53	4.52%	27.28%	31,200	5.26%	47.9%
8957	TOKYU REIT, Inc.	+24.70%	3.79%	1.00	202,849	244	28	26.05	4.25%	40.62%	40,000	7.96%	43.6%
8958	Global One Real Estate Investment Corporation	+30.04%	4.87%	0.99	135,544	205	15	18.73	4.11%	25.30%	54,280	9.19%	44.4%
8960	United Urban Investment Corporation	+21.75%	4.98%	1.04	587,520	732	144	27.01	5.34%	30.12%	54,900	6.84%	45.2%
8961	MORI TRUST Reit, Inc.	+24.05%	4.59%	1.00	279,104	464	20	22.87	3.88%	12.72%	36,000	5.58%	46.8%
8964	Frontier Real Estate Investment Corporation	+15.30%	4.91%	0.89	242,639	394	43	16.54	4.92%	31.96%	44,000	6.75%	40.2%
8966	HEIWA REAL ESTATE REIT, Inc.	+21.71%	5.15%	1.03	194,363	263	137	24.61	4.78%	26.60%	32,000	7.80%	47.0%
8967	Japan Logistics Fund, Inc.	+15.05%	4.23%	0.96	279,285	293	52	17.94	5.64%	63.26%	64,500	8.76%	44.1%
8968	Fukuoka REIT Corporation	+28.12%	4.28%	0.96	162,296	232	37	20.41	5.29%	28.15%	40,000	7.10%	42.5%
8972	KDX Investment Corporation	+13.03%	4.96%	0.94	683,432	1,221	344	21.44	4.54%	12.28%	33,572	5.33%	45.1%
8975	Ichigo Office REIT Investment Corporation	+17.89%	4.42%	1.00	151,028	219	86	32.77	5.23%	29.19%	30,352	7.90%	51.0%
8976	Daiwa Office Investment Corporation	+24.66%	3.94%	0.89	339,312	468	58	27.02	4.56%	33.12%	28,640	6.17%	44.6%
8977	Hankyu Hanshin REIT, Inc.	+11.48%	4.12%	0.85	111,371	178	37	20.87	4.93%	26.92%	33,000	5.40%	47.4%
8984	Daiwa House REIT Investment Corporation	+11.72%	4.66%	0.80	614,695	913	230	14.60	4.93%	31.87%	50,520	5.90%	43.3%
8985	Japan Hotel REIT Investment Corporation	+27.01%	5.95%	1.02	443,440	515	51	26.86	6.81%	39.94%	62,124	6.43%	41.1%
8986	Daiwa Securities Living Investment Corporation	+31.14%	4.32%	0.99	276,304	393	237	13.95	4.99%	27.89%	20,000	7.03%	51.2%
8987	Japan Excellent, Inc.	+19.81%	3.95%	0.91	195,896	286	32	21.73	4.74%	27.07%	30,000	6.15%	45.1%
8963	Invincible Investment Corporation	+4.97%	5.97%	1.02	516,900	687	155	33.53	6.93%	29.53%	26,544	8.25%	47.2%
3226	Mitsui Fudosan Accommodations Fund Inc.	+23.90%	3.39%	1.07	353,689	350	142	19.08	5.58%	59.59%	47,560	7.62%	51.3%
3234	Mori Hills REIT Investment Corporation	+11.67%	4.26%	0.92	274,259	416	11	23.75	3.56%	26.87%	31,000	6.09%	46.1%
3249	Industrial & Infrastructure Fund Investment Corporation	+29.47%	5.26%	1.05	384,326	537	110	23.38	5.52%	24.55%	64,000	7.61%	50.8%
3269	Advance Residence Investment Corporation	+20.45%	3.57%	0.99	485,462	500	287	18.42	5.76%	61.56%	36,504	7.54%	48.9%
8979	Starts Proceed Investment Corporation	+22.04%	4.37%	0.84	57,616	101	107	19.04	5.36%	24.06%	23,125	5.13%	52.3%
3279	Activia Properties Inc.	+31.29%	4.26%	0.95	353,596	543	45	23.63	4.22%	21.20%	38,034	5.51%	47.2%
3281	GLP J-REIT	+14.96%	4.50%	0.91	682,237	870	85	17.96	4.77%	38.56%	51,168	7.05%	45.2%
3282	Comforia Residential REIT, Inc	+28.91%	3.64%	1.02	263,726	340	175	14.44	4.94%	31.32%	49,344	6.04%	52.6%
3283	Nippon Prologis REIT, Inc.	+18.30%	4.27%	0.89	757,536	962	60	10.92	5.10%	42.00%	57,810	6.15%	40.3%
3287	Hoshino Resorts REIT, Inc.	+32.33%	4.89%	0.88	157,765	235	71	20.85	6.16%	15.71%	52,640	4.83%	39.5%
3290	ONE REIT, Inc.	+11.70%	4.88%	0.93	73,050	123	28	33.40	4.93%	15.50%	26,550	7.92%	48.3%
3292	AEON REIT Investment Corporation	+9.58%	4.98%	0.85	286,160	482	52	20.08	6.00%	23.66%	33,900	5.85%	42.5%
3295	Hulic Reit, Inc.	+20.85%	4.60%	0.91	250,416	422	67	22.38	4.22%	20.00%	40,000	5.92%	46.9%
3296	NIPPON REIT Investment Corporation	+13.42%	4.98%	0.85	165,874	258	103	24.10	5.01%	27.11%	37,384	9.34%	48.4%
3451	Tosei Reit Investment Corporation	+15.10%	5.11%	0.93	55,941	84	63	32.04	6.21%	22.76%	38,000	6.72%	47.9%
3309	Sekisui House Reit, Inc.	+20.44%	5.68%	1.05	400,700	541	129	11.16	4.37%	18.16%	52,920	6.56%	47.0%
3455	Healthcare & Medical Investment Corporation	+19.25%	4.94%	0.91	45,872	87	57	19.72	5.49%	15.64%	31,500	5.32%	50.7%
3459	Samty Residential Investment Corporation	+21.74%	4.53%	0.92	97,893	172	189	12.31	5.32%	13.89%	26,000	5.23%	51.3%
3462	Nomura Real Estate Master Fund, Inc.	+17.76%	4.29%	0.87	782,448	1,100	285	21.83	5.06%	26.54%	36,150	5.30%	44.2%
3463	Ichigo Hotel REIT Investment Corporation	+0.98%	4.97%	0.74	40,412	73	30	26.08	7.35%	21.62%	30,680	6.76%	45.5%
3466	LaSalle LOGIPORT REIT	+9.64%	4.57%	0.92	275,833	371	22	14.15	4.86%	25.13%	35,080	6.09%	43.2%
3468	Star Asia Investment Corporation	+15.33%	5.48%	0.90	161,757	276	73	21.42	5.33%	17.58%	33,000	6.73%	47.3%
3470	Marimo Regional Revitalization REIT,Inc.	+4.51%	5.92%	0.75	29,979	62	60	17.57	6.27%	18.31%	31,500	6.13%	48.5%
3471	Mitsui Fudosan Logistics Park Inc.	+14.51%	4.26%	0.98	378,637	540	45	8.22	4.36%	18.07%	40,048	14.47%	39.3%
3472	Nippon Hotel & Residential Investment Corporation	+12.17%	5.39%	0.78	32,682	69	31	33.77	6.12%	17.04%	20,360	5.86%	42.9%
3476	MIRAI Corporation	+20.19%	5.09%	0.92	96,516	180	44	28.61	4.78%	11.37%	25,750	5.61%	49.3%
3481	Mitsubishi Estate Logistics REIT Investment Corporation	+11.72%	4.33%	0.94	194,388	281	37	9.39	4.74%	20.18%	34,002	4.83%	42.7%
3487	CRE Logistics REIT,Inc.	+11.47%	4.61%	0.89	100,718	160	21	7.48	4.62%	21.40%	37,810	5.36%	44.3%
3488	CENTRAL REIT Investment Corporation	-0.26%	5.42%	0.76	28,909	44	18	22.00	5.83%	28.51%	31,360	6.08%	40.8%
3492	MIRARTH Real Estate Investment Corporation	+5.94%	5.93%	0.87	84,524	178	80	19.16	4.83%	5.40%	27,500	5.92%	48.7%
2971	ESCON JAPAN REIT Investment Corporation	+9.44%	5.68%	0.94	44,759	74	39	15.79	6.12%	11.44%	35,220	6.96%	43.7%
2972	SANKEI REAL ESTATE Inc.	+52.08%	3.92%	1.18	59,882	94	16	17.45	4.06%	1.29%	25,110	4.33%	47.9%
2979	SOSiLA Logistics REIT,Inc.	+16.50%	4.23%	0.87	92,465	144	17	7.99	4.37%	20.97%	26,900	5.05%	43.6%
2989	Tokaido REIT,Inc.	+8.25%	5.84%	0.99	43,030	62	29	18.75	5.89%	5.98%	32,550	6.50%	48.1%
401A	Kasumigaseki Hotel REIT Investment Corporation		6.02%		29,937	49	15	2.66			31,385

What's New

Oct. 11, 2024
J-REIT市況月次レポート　2024年9月
Jul. 28, 2023
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Jun. 22, 2021
2989 Tokaido REIT, Inc. 6/22 Listing on TSE REIT Market
Jun. 5, 2020
【対談】女性IR担当者が語る、住宅REITと物流REITの安定性の魅力
Dec. 10, 2019
2979 SOSiLA Logistics REIT, Inc. 12/10 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	Shinjuku Mitsui Bldg.	170
2	IIDABASHI GRAND BLOOM	139
3	Roppongi Hills Mori Tower	115
4	Shiodome Building	107
5	Tokyo Shiodome Building	83

Unit Price Growth Rankings

1	Nippon Building	+0.98%
2	ORIX JREIT	+0.95%
3	HEIWA	+0.84%