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.	-2.97%	3.70%	1.04	1,056,315	1,473	70	23.35	3.99%	25.10%	46,000	5.52%	42.9%
8952	Japan Real Estate Investment Corporation	-5.58%	4.00%	0.97	818,147	1,133	77	21.49	4.02%	32.25%	46,000	6.26%	44.0%
8953	Japan Metropolitan Fund Investment Corporation	-10.54%	4.59%	0.89	688,425	1,224	133	21.89	4.29%	14.65%	36,160	5.09%	44.1%
8954	ORIX JREIT Inc.	-9.87%	4.26%	0.86	481,344	696	112	20.08	4.86%	35.47%	37,150	4.51%	43.1%
8955	Japan Prime Realty Investment Corporation	-5.60%	4.10%	0.96	369,953	497	67	25.04	4.49%	26.42%	38,000	5.96%	40.3%
8956	NTT UD REIT Investment Corporation	-13.56%	4.22%	0.89	188,959	271	58	24.58	4.62%	25.68%	26,900	7.28%	45.0%
8957	TOKYU REIT, Inc.	-16.33%	4.16%	0.89	176,359	246	31	24.72	4.25%	37.87%	37,500	6.99%	43.3%
8958	Global One Real Estate Investment Corporation	+7.09%	4.67%	0.85	117,420	213	13	18.55	4.02%	19.89%	42,872	5.67%	46.0%
8960	United Urban Investment Corporation	-5.97%	4.62%	0.89	449,296	692	141	26.00	5.07%	25.33%	40,200	5.52%	44.3%
8961	MORI TRUST Reit, Inc.	+0.41%	4.56%	0.99	262,372	470	22	20.58	3.37%	9.24%	33,590	6.11%	47.4%
8964	Frontier Real Estate Investment Corporation	-14.27%	4.66%	0.99	245,344	354	40	15.28	5.04%	25.77%	42,280	7.09%	37.1%
8966	HEIWA REAL ESTATE REIT, Inc.	-15.95%	4.71%	0.94	155,701	229	127	23.20	4.99%	26.45%	25,520	6.33%	47.3%
8967	Japan Logistics Fund, Inc.	-9.98%	3.59%	0.94	269,459	291	52	15.81	5.68%	58.12%	51,750	6.77%	43.5%
8968	Fukuoka REIT Corporation	-4.53%	4.42%	0.90	132,454	222	36	19.25	4.91%	25.39%	36,775	5.81%	42.4%
8972	KDX Investment Corporation	+0.44%	4.48%	0.97	702,221	454	97	27.58	4.81%	27.32%	30,400	6.30%	45.3%
8975	Ichigo Office REIT Investment Corporation	-1.05%	4.86%	0.96	128,334	212	88	30.67	5.48%	22.78%	28,826	12.24%	48.7%
8976	Daiwa Office Investment Corporation	0.00%	4.05%	0.86	323,781	463	58	25.45	4.04%	30.97%	27,400	5.74%	43.1%
8977	Hankyu Hanshin REIT, Inc.	-7.47%	4.15%	0.83	98,232	174	34	18.08	4.58%	20.62%	29,300	4.89%	45.8%
8984	Daiwa House REIT Investment Corporation	-14.21%	4.28%	0.81	612,016	906	232	12.89	5.01%	28.51%	45,200	4.30%	42.5%
8985	Japan Hotel REIT Investment Corporation	-7.10%	3.82%	0.93	321,808	393	46	24.21	3.00%	34.92%	31,824	1.19%	41.4%
8986	Daiwa Securities Living Investment Corporation	-7.37%	4.21%	0.96	263,073	372	243	13.55	5.26%	28.70%	18,400	5.65%	51.3%
8987	Japan Excellent, Inc.	+3.45%	3.83%	0.85	188,735	279	35	21.86	4.25%	29.68%	27,000	5.21%	42.0%
8963	Invincible Investment Corporation	+25.92%	4.85%	1.03	404,227	549	133	29.00	6.18%	26.28%	19,105	7.08%	48.1%
3226	Nippon Accommodations Fund Inc.	-3.03%	3.58%	0.99	306,111	342	136	16.95	5.31%	52.89%	43,480	7.70%	51.2%
3234	Mori Hills REIT Investment Corporation	-12.94%	4.36%	0.89	269,436	406	11	22.04	3.67%	27.13%	30,650	6.32%	46.4%
3249	Industrial & Infrastructure Fund Investment Corporation	-13.26%	4.70%	1.02	291,665	390	78	22.08	5.58%	25.01%	51,880	7.65%	49.0%
3269	Advance Residence Investment Corporation	-5.52%	3.62%	1.00	465,725	482	283	16.76	5.67%	59.17%	35,280	6.94%	49.5%
8979	Starts Proceed Investment Corporation	-12.34%	4.46%	0.86	57,993	102	108	17.59	5.34%	20.01%	22,900	5.80%	51.0%
3279	Activia Properties Inc.	-4.80%	4.58%	0.90	328,227	546	46	21.48	3.76%	18.39%	37,200	6.47%	46.9%
3281	GLP J-REIT	-9.29%	3.91%	0.92	688,069	888	91	16.06	4.78%	34.09%	43,672	5.89%	44.2%
3282	Comforia Residential REIT, Inc	+0.79%	3.56%	0.98	240,994	303	159	12.58	4.92%	32.95%	45,240	5.63%	51.5%
3283	Nippon Prologis REIT, Inc.	-16.92%	3.60%	0.99	796,028	917	59	8.96	5.06%	38.01%	50,520	4.59%	37.7%
3287	Hoshino Resorts REIT, Inc.	-12.19%	2.84%	1.10	154,613	200	69	21.94	5.20%	8.66%	34,400	3.74%	36.7%
3290	ONE REIT, Inc.	+5.14%	4.89%	0.93	71,386	124	32	33.74	5.03%	14.34%	25,980	5.94%	48.6%
3292	AEON REIT Investment Corporation	-9.90%	4.65%	0.95	305,424	469	48	18.06	6.30%	19.74%	33,425	5.74%	41.6%
3295	Hulic Reit, Inc.	-10.03%	4.49%	0.84	223,344	380	65	21.22	4.19%	18.63%	34,800	5.01%	44.8%
3296	NIPPON REIT Investment Corporation	-4.37%	4.74%	0.83	157,476	257	111	27.39	5.00%	25.05%	33,212	5.83%	48.2%
3451	Tosei Reit Investment Corporation	+0.52%	5.32%	0.90	49,039	79	60	30.18	6.05%	19.09%	35,800	6.57%	48.1%
3309	Sekisui House Reit, Inc.	+5.22%	4.24%	0.93	371,112	549	120	13.66	4.16%	20.89%	35,880	4.56%	45.4%
3455	Healthcare & Medical Investment Corporation	-24.27%	4.49%	1.07	51,480	79	48	17.83	5.54%	13.19%	32,175	5.58%	48.5%
3459	Samty Residential Investment Corporation	-6.17%	4.73%	0.92	94,357	163	178	11.78	5.23%	12.13%	26,600	5.16%	49.7%
3462	Nomura Real Estate Master Fund, Inc.	-1.57%	3.91%	0.92	800,641	1,099	288	21.11	4.91%	22.78%	33,235	5.40%	43.7%
3463	Ichigo Hotel REIT Investment Corporation	+4.59%	4.64%	0.82	35,107	70	30	27.64	5.85%	6.04%	24,870	4.50%	43.1%
3466	LaSalle LOGIPORT REIT	-2.29%	4.64%	0.98	294,397	383	22	12.19	4.71%	21.69%	36,580	4.49%	42.1%
3468	Star Asia Investment Corporation	+3.22%	5.26%	1.01	136,864	240	68	21.65	4.70%	10.57%	30,330	6.00%	46.3%
3470	Marimo Regional Revitalization REIT,Inc.	-6.16%	5.14%	0.89	30,365	50	52	15.50	6.44%	19.00%	32,895	6.37%	48.6%
3471	Mitsui Fudosan Logistics Park Inc.	-6.51%	3.84%	0.97	283,936	372	27	6.45	4.95%	22.66%	35,864	4.22%	38.6%
3472	Ooedo Onsen Reit Investment Corporation	-2.50%	4.70%	0.57	14,686	36	15	40.16	5.03%	17.55%	14,665	3.34%	30.0%
3476	MIRAI Corporation	-5.76%	5.28%	0.86	84,022	166	38	27.53	4.50%	8.36%	23,350	6.09%	49.0%
3481	Mitsubishi Estate Logistics REIT Investment Corporation	-13.05%	4.19%	0.96	192,835	271	34	7.73	4.58%	16.85%	32,086	4.35%	38.0%
3487	CRE Logistics REIT,Inc.	-19.97%	4.51%	0.93	103,131	160	21	5.24	4.72%	17.81%	37,020	4.74%	44.7%
3488	XYMAX REIT Investment Corporation	-2.72%	5.26%	0.81	29,434	43	18	20.31	5.53%	24.80%	31,030	5.97%	40.9%
3492	Takara Leben Real Estate Investment Corporation	-2.22%	5.27%	0.95	70,171	132	63	18.84	4.68%	4.37%	26,720	5.24%	47.1%
3493	Advance Logistics Investment Corporation	-12.39%	4.40%	0.82	86,795	133	13	6.02	4.83%	25.33%	28,300	4.37%	42.4%
2971	ESCON JAPAN REIT Investment Corporation	-0.25%	5.26%	1.01	41,673	70	38	16.46	4.77%	4.50%	31,130	5.85%	43.8%
2972	SANKEI REAL ESTATE Inc.	-0.43%	4.49%	0.80	43,300	103	15	19.27	3.49%	4.72%	20,815	4.43%	50.8%
2979	SOSiLA Logistics REIT,Inc.	-11.86%	4.53%	0.87	88,100	143	17	6.11	4.71%	16.76%	27,445	4.22%	42.0%
2989	Tokaido REIT,Inc.	+4.51%	5.17%	1.13	30,895	45	12	17.89	6.04%	6.85%	32,935	6.52%	46.8%

What's New

Jul. 28, 2023
マーケットコラム「J-REIT投資で「巡航分配金」という呪縛を解いても良いと思う理由」
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
Mar. 12, 2019
2972 SANKEI REAL ESTATE Inc. 3/12 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	Sekisui House Reit	+6.94%
2	Japan Excellent	+6.73%
3	LaSalle LOGIPORT REIT	+5.21%