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.	+23.30%	2.51%	1.54	1,203,024	1,133	71	19.32	4.55%	25.79%	42,800	5.73%	41.7%
8952	Japan Real Estate Investment Corporation	+23.30%	2.66%	1.40	1,077,693	1,022	72	19.28	4.50%	29.49%	41,400	5.81%	40.4%
8953	Japan Retail Fund Investment Corporation	+5.82%	3.94%	1.05	604,500	877	100	17.40	4.34%	19.39%	36,400	5.86%	44.9%
8954	ORIX JREIT Inc.	+28.47%	3.22%	1.31	648,876	679	112	17.09	5.25%	26.09%	37,900	5.79%	43.1%
8955	Japan Prime Realty Investment Corporation	+13.17%	3.09%	1.38	448,117	440	63	23.04	4.78%	22.71%	37,500	6.08%	40.9%
8956	Premier Investment Corporation	+20.43%	3.61%	1.22	205,715	244	58	23.16	4.95%	21.14%	28,200	5.84%	44.8%
8957	TOKYU REIT, Inc.	+27.24%	3.13%	1.18	208,229	231	32	21.54	4.46%	30.56%	33,350	5.07%	42.2%
8958	Global One Real Estate Investment Corporation	+16.42%	3.28%	1.07	138,415	191	11	16.14	4.02%	19.57%	37,800	5.37%	46.9%
8960	United Urban Investment Corporation	+18.23%	3.47%	1.28	616,807	649	123	23.93	5.39%	22.61%	41,220	6.96%	41.5%
8961	MORI TRUST Sogo Reit, Inc.	+17.72%	3.77%	1.25	260,436	324	15	20.74	4.36%	17.78%	37,230	6.11%	47.2%
8964	Frontier Real Estate Investment Corporation	+2.27%	4.69%	1.04	234,329	332	36	12.14	5.40%	24.23%	42,320	6.22%	38.0%
8966	HEIWA REAL ESTATE REIT, Inc.	+15.31%	3.64%	1.14	140,658	175	104	19.61	5.19%	21.01%	20,200	5.42%	44.5%
8967	Japan Logistics Fund, Inc.	+26.18%	3.37%	1.14	261,295	278	50	12.90	5.65%	41.19%	48,700	6.40%	44.8%
8968	Fukuoka REIT Corporation	+12.91%	3.92%	1.12	148,932	196	29	17.15	5.70%	18.57%	36,650	5.72%	39.7%
8972	Kenedix Office Investment Corporation	+16.37%	3.28%	1.19	365,519	426	97	24.32	4.83%	20.63%	27,960	5.06%	42.1%
8975	Ichigo Office REIT Investment Corporation	+15.33%	3.71%	1.38	176,366	203	85	26.52	5.54%	19.82%	29,911	6.78%	48.0%
8976	Daiwa Office Investment Corporation	+20.59%	3.17%	1.23	420,555	464	60	22.21	4.36%	20.99%	27,100	4.98%	42.1%
8977	Hankyu Hanshin REIT, Inc.	+19.26%	3.71%	1.05	117,975	167	30	16.44	4.81%	18.03%	31,450	5.18%	43.6%
8984	Daiwa House REIT Investment Corporation	+13.64%	3.99%	1.07	587,848	746	225	10.56	5.23%	14.43%	45,240	3.93%	41.5%
8985	Japan Hotel REIT Investment Corporation	-1.39%	4.79%	1.03	349,402	375	43	21.88	6.99%	42.61%	45,000	7.97%	39.0%
8986	Japan Rental Housing Investments Inc.	+24.16%	3.86%	1.14	176,142	228	193	15.46	5.71%	25.72%	16,600	6.19%	50.9%
8987	Japan Excellent, Inc.	+26.32%	3.10%	1.30	258,950	280	33	22.45	5.05%	20.33%	29,800	5.18%	44.2%
8963	Invincible Investment Corporation	+26.75%	5.86%	1.12	359,714	498	146	22.95	5.60%	20.67%	22,732	18.38%	48.9%
3226	Nippon Accommodations Fund Inc.	+25.45%	2.82%	1.53	336,743	310	126	14.08	5.41%	29.40%	39,240	7.89%	51.0%
3227	MCUBS MidCity Investment Corporation	+35.97%	3.28%	1.31	220,518	288	25	24.32	4.47%	6.54%	20,300	7.09%	42.2%
3234	Mori Hills REIT Investment Corporation	+27.97%	3.13%	1.35	343,118	391	11	18.90	3.82%	16.53%	28,650	5.52%	45.7%
3249	Industrial & Infrastructure Fund Investment Corporation	+43.77%	3.49%	1.54	316,783	301	72	21.91	5.85%	18.72%	47,080	7.38%	49.9%
3269	Advance Residence Investment Corporation	+9.52%	3.19%	1.38	477,825	453	269	13.51	5.70%	36.12%	33,000	6.51%	49.9%
8979	Starts Proceed Investment Corporation	+20.28%	4.32%	0.98	52,532	87	106	16.28	5.49%	14.24%	22,375	5.33%	50.8%
3278	Kenedix Residential Next Investment Corporation	+20.68%	3.78%	1.28	195,376	235	145	14.01	5.61%	17.21%	40,645	6.36%	49.4%
3279	Activia Properties Inc.	+22.73%	3.49%	1.29	437,284	499	44	18.38	4.47%	18.40%	39,620	6.05%	45.6%
3281	GLP J-REIT	+25.05%	3.79%	1.18	522,495	608	75	16.19	5.25%	23.41%	41,352	5.99%	44.7%
3282	Comforia Residential REIT, Inc	+22.39%	2.91%	1.43	229,419	227	126	11.05	5.27%	20.62%	41,640	5.90%	50.1%
3283	Nippon Prologis REIT, Inc.	+30.75%	3.11%	1.39	704,275	641	46	7.71	5.40%	26.27%	46,660	5.10%	37.7%
3287	Hoshino Resorts REIT, Inc.	+8.04%	4.58%	1.04	128,236	156	59	23.56	6.67%	12.65%	52,948	5.49%	35.7%
3290	ONE REIT, Inc.	+33.94%	4.24%	1.32	86,727	104	26	30.59	5.40%	14.40%	30,660	6.34%	46.3%
3292	AEON REIT Investment Corporation	+16.41%	4.09%	1.10	281,747	381	40	15.11	6.48%	15.06%	30,725	5.59%	41.4%
3295	Hulic Reit, Inc.	+12.91%	3.50%	1.14	259,251	331	55	21.65	4.49%	17.03%	34,600	5.18%	44.3%
3296	NIPPON REIT Investment Corporation	+34.14%	3.54%	1.39	223,615	249	90	25.13	5.08%	13.65%	35,220	6.67%	46.9%
3298	Invesco Office J-REIT, Inc.	+46.76%	3.37%	1.35	207,531	228	19	23.48	5.05%	18.95%	31,480	6.04%	49.4%
3308	Nippon Healthcare Investment Corporation	+28.55%	3.88%	1.08	16,262	20	23	11.85	6.18%	26.19%	42,300	4.92%	46.8%
3451	Tosei Reit Investment Corporation	+21.21%	5.20%	1.02	45,967	69	49	26.51	6.13%	15.83%	35,500	6.69%	46.8%
3309	Sekisui House Reit, Inc.	+24.39%	3.56%	1.12	391,555	527	119	10.22	4.31%	13.88%	32,530	5.13%	44.6%
3453	Kenedix Retail REIT Corporation	+5.89%	4.79%	1.07	145,518	225	61	14.73	5.13%	7.23%	32,518	5.63%	44.9%
3455	Healthcare & Medical Investment Corporation	+22.00%	4.53%	1.20	44,318	65	35	15.36	5.78%	7.16%	32,270	6.31%	47.5%
3459	Samty Residential Investment Corporation	+29.93%	4.64%	1.18	70,223	110	118	9.89	5.48%	5.71%	27,520	7.24%	51.6%
3462	Nomura Real Estate Master Fund, Inc.	+23.53%	3.52%	1.17	878,913	1,011	289	19.23	5.08%	12.42%	32,825	3.86%	43.9%
3463	Ichigo Hotel REIT Investment Corporation	-3.39%	5.64%	0.93	34,829	51	22	28.26	6.24%	10.50%	38,505	5.01%	43.0%
3466	LaSalle LOGIPORT REIT	+54.49%	3.83%	1.42	227,212	247	16	11.73	4.72%	9.64%	31,930	6.01%	43.5%
3468	Star Asia Investment Corporation	+7.47%	4.76%	1.02	63,006	103	34	21.39	4.99%	8.79%	27,700	7.24%	46.8%
3470	Marimo Regional Revitalization REIT,Inc.	+18.89%	5.43%	1.03	19,480	25	25	14.23	6.81%	18.13%	34,850	6.37%	49.1%
3471	Mitsui Fudosan Logistics Park Inc.	+53.24%	2.57%	1.64	197,459	157	16	5.02	5.40%	9.03%	26,786	4.06%	29.1%
3472	Ooedo Onsen Reit Investment Corporation	+12.61%	4.95%	0.89	22,076	37	14	38.74	7.18%	11.05%	23,200	5.29%	40.6%
3473	SAKURA SOGO REIT Investment Corporation	+14.17%	4.20%	0.97	32,201	58	18	23.19	5.61%	6.57%	20,290	5.93%	46.1%
3476	MIRAI Corporation	+29.91%	5.12%	1.25	102,893	144	30	22.42	4.73%	6.03%	31,700	6.92%	48.8%
3478	MORI TRUST Hotel Reit,Inc.	+15.70%	4.43%	1.12	77,000	109	5	13.43	4.20%	18.49%	34,100	6.19%	45.5%
3481	Mitsubishi Estate Logistics REIT Investment Corporation	+50.81%	3.16%	1.31	113,916	114	15	7.46	4.91%	8.27%	23,544	3.87%	22.5%
3487	CRE Logistics REIT,Inc.	+40.56%	4.36%	1.18	50,178	54	9	2.89	4.93%	7.36%	31,515	4.90%	47.9%
3488	XYMAX REIT Investment Corporation	+22.23%	4.28%	0.97	31,321	33	12	17.36	5.83%	29.48%	30,025	5.81%	31.9%
3492	Takara Leben Real Estate Investment Corporation	+40.35%	5.24%	1.20	59,524	86	35	21.57	4.50%	6.53%	33,700	9.58%	49.5%
3493	ITOCHU Advance Logistics Investment Corporation	+43.42%	3.72%	1.13	45,536	59	8	3.54	5.25%	8.65%	23,740	4.09%	39.5%
2971	ESCON JAPAN REIT Investment Corporation		5.12%	1.20	32,279	42	25	17.96	5.78%	9.50%	34,845	5.73%	43.7%
2972	SANKEI REAL ESTATE Inc.		3.74%	1.22	48,168	67	11	16.09	4.70%	6.33%	25,235	1.82%	45.8%
2979	SOSiLA Logistics REIT,Inc.		3.75%		62,854	77	7	2.21			22,917

What's New

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
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

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	Mitsui Fudosan Logistics	+2.16%
2	Activia Properties	+1.80%
3	Nippon Prologis	+1.73%