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.	+17.59%	3.32%	1.27	1,193,105	1,347	74	23.64	4.55%	23.76%	48,000	6.45%	42.2%
8952	Japan Real Estate Investment Corporation	+20.57%	3.30%	1.20	941,943	1,066	72	20.26	4.65%	30.19%	44,900	6.06%	41.9%
8953	Japan Metropolitan Fund Investment Corporation	+34.89%	4.22%	0.96	745,736	1,186	126	20.35	4.77%	19.71%	36,000	5.53%	45.6%
8954	ORIX JREIT Inc.	+21.50%	3.55%	1.05	538,200	689	113	18.68	5.00%	28.22%	34,600	5.58%	43.5%
8955	Japan Prime Realty Investment Corporation	+24.38%	3.77%	1.07	383,779	466	65	24.40	4.81%	25.07%	37,750	6.37%	40.6%
8956	NTT UD REIT Investment Corporation	+30.63%	3.86%	1.12	199,393	260	57	23.05	4.75%	23.32%	29,200	8.45%	47.7%
8957	TOKYU REIT, Inc.	+30.50%	3.70%	0.94	179,878	238	32	23.39	4.68%	36.29%	34,050	7.00%	44.0%
8958	Global One Real Estate Investment Corporation	+12.34%	4.11%	0.87	112,925	191	11	17.78	4.37%	19.51%	38,560	4.87%	47.1%
8960	United Urban Investment Corporation	+32.80%	4.14%	0.94	467,127	675	135	24.25	4.61%	23.45%	37,200	5.40%	42.6%
8961	MORI TRUST Sogo Reit, Inc.	+12.00%	4.20%	1.05	200,772	325	16	21.70	4.35%	12.11%	31,960	6.40%	47.5%
8964	Frontier Real Estate Investment Corporation	+41.13%	4.41%	1.09	264,549	361	40	13.36	5.05%	24.86%	43,120	6.96%	37.5%
8966	HEIWA REAL ESTATE REIT, Inc.	+43.82%	3.52%	1.24	170,818	193	113	20.97	5.16%	23.95%	22,800	6.14%	46.1%
8967	Japan Logistics Fund, Inc.	+9.02%	2.92%	1.25	300,937	272	50	14.54	5.38%	46.11%	48,600	6.06%	44.1%
8968	Fukuoka REIT Corporation	+27.71%	4.15%	0.98	134,285	202	32	18.20	5.34%	20.29%	35,000	5.31%	41.3%
8972	Kenedix Office Investment Corporation	+25.25%	3.67%	1.03	323,097	441	96	25.13	4.93%	21.87%	27,650	6.13%	43.4%
8975	Ichigo Office REIT Investment Corporation	+19.79%	4.75%	1.06	135,598	206	86	28.25	5.65%	20.39%	29,806	6.14%	48.9%
8976	Daiwa Office Investment Corporation	+29.93%	3.73%	1.00	366,554	461	59	23.47	4.51%	27.14%	28,000	5.97%	42.0%
8977	Hankyu Hanshin REIT, Inc.	+38.51%	3.52%	1.02	114,778	170	31	18.12	4.72%	17.82%	29,050	4.84%	44.0%
8984	Daiwa House REIT Investment Corporation	+26.94%	3.38%	1.20	775,341	824	227	11.63	5.24%	17.29%	45,400	4.56%	42.0%
8985	Japan Hotel REIT Investment Corporation	+36.52%	0.18%	0.87	293,036	371	42	23.66	1.75%	34.51%	1,440	0.69%	42.2%
8986	Daiwa Securities Living Investment Corporation	+5.57%	3.75%	1.16	246,620	329	231	13.86	5.49%	21.21%	17,360	5.68%	51.2%
8987	Japan Excellent, Inc.	+13.49%	4.11%	0.87	184,414	283	35	22.33	5.22%	24.16%	28,000	5.26%	42.7%
8963	Invincible Investment Corporation	+35.90%	0.07%	0.82	252,714	499	140	25.13	0.87%	14.66%	197	-2.96%	50.0%
3226	Nippon Accommodations Fund Inc.	+3.95%	3.14%	1.25	317,691	338	134	14.84	5.42%	37.11%	39,680	6.49%	50.2%
3234	Mori Hills REIT Investment Corporation	+13.86%	3.78%	1.06	292,815	411	11	19.86	3.74%	20.82%	28,850	5.51%	45.8%
3249	Industrial & Infrastructure Fund Investment Corporation	+13.42%	2.95%	1.68	428,493	369	73	20.69	6.00%	19.68%	48,928	6.91%	47.8%
3269	Advance Residence Investment Corporation	+18.74%	3.13%	1.30	495,830	459	272	14.95	5.59%	43.71%	33,600	6.48%	48.1%
8979	Starts Proceed Investment Corporation	+25.00%	3.58%	1.15	63,952	88	106	16.91	5.48%	16.17%	22,550	5.50%	50.6%
3278	Kenedix Residential Next Investment Corporation	+19.25%	3.76%	1.19	217,202	269	162	14.21	5.32%	20.72%	41,010	5.67%	51.3%
3279	Activia Properties Inc.	+16.65%	4.13%	1.01	370,755	509	44	20.63	4.21%	18.99%	37,346	5.69%	46.5%
3281	GLP J-REIT	+14.87%	2.93%	1.44	842,842	788	86	16.15	5.21%	25.76%	43,952	5.64%	44.4%
3282	Comforia Residential REIT, Inc	+13.60%	3.13%	1.24	237,350	262	140	11.58	4.95%	24.90%	42,920	6.00%	51.4%
3283	Nippon Prologis REIT, Inc.	+10.20%	2.50%	1.59	1,004,340	758	52	8.24	5.36%	28.08%	48,650	4.83%	37.8%
3287	Hoshino Resorts REIT, Inc.	+42.38%	1.85%	1.41	163,999	166	63	23.41	4.63%	6.98%	26,908	2.84%	38.3%
3290	ONE REIT, Inc.	+22.83%	4.87%	1.03	78,476	104	25	32.72	5.72%	16.99%	28,620	3.94%	46.0%
3292	AEON REIT Investment Corporation	+24.29%	4.45%	1.02	302,377	448	46	16.24	6.31%	18.40%	32,925	5.61%	41.3%
3295	Hulic Reit, Inc.	+30.14%	3.94%	1.00	237,181	350	58	22.09	4.63%	16.65%	34,500	6.12%	46.1%
3296	NIPPON REIT Investment Corporation	+26.45%	4.67%	1.13	196,844	256	107	25.50	5.10%	18.30%	40,830	7.46%	48.0%
3298	Invesco Office J-REIT, Inc.	+61.04%	3.70%	1.28	199,732	226	18	25.32	5.30%	20.88%	33,600	6.61%	49.3%
3451	Tosei Reit Investment Corporation	+27.06%	5.15%	0.99	46,683	72	52	28.03	6.21%	15.16%	35,300	7.12%	48.0%
3309	Sekisui House Reit, Inc.	+25.37%	3.71%	1.10	398,417	521	114	11.74	4.42%	16.36%	34,510	5.00%	45.4%
3453	Kenedix Retail REIT Corporation	+36.93%	4.80%	1.15	171,626	245	66	15.63	5.28%	6.91%	35,375	6.11%	44.8%
3455	Healthcare & Medical Investment Corporation	+20.00%	4.32%	1.26	46,650	67	37	16.94	5.52%	7.67%	32,370	5.47%	48.2%
3459	Samty Residential Investment Corporation	+21.02%	4.44%	1.15	93,510	144	156	11.11	5.30%	5.99%	26,990	6.58%	50.5%
3462	Nomura Real Estate Master Fund, Inc.	+25.81%	3.98%	0.96	753,960	1,068	299	19.90	5.23%	14.93%	31,800	4.21%	43.3%
3463	Ichigo Hotel REIT Investment Corporation	+31.81%	1.51%	0.71	23,458	52	23	26.67	3.23%	2.73%	6,950	1.31%	44.2%
3466	LaSalle LOGIPORT REIT	+10.38%	3.20%	1.37	343,613	358	19	10.67	4.97%	13.22%	30,830	4.93%	42.4%
3468	Star Asia Investment Corporation	+29.45%	5.17%	1.09	101,458	181	60	23.99	4.87%	5.18%	29,310	26.13%	45.9%
3470	Marimo Regional Revitalization REIT,Inc.	+24.29%	5.22%	0.93	19,925	30	32	15.71	6.78%	23.59%	34,090	6.53%	49.2%
3471	Mitsui Fudosan Logistics Park Inc.	+17.88%	2.55%	1.57	332,246	298	21	5.18	5.24%	9.95%	31,228	3.78%	31.0%
3472	Ooedo Onsen Reit Investment Corporation	+19.10%	4.56%	0.71	18,639	36	14	40.38	6.78%	16.19%	18,045	4.37%	38.4%
3476	MIRAI Corporation	+37.45%	4.62%	1.09	90,592	154	34	24.51	4.10%	6.20%	25,200	5.56%	48.6%
3478	MORI TRUST Hotel Reit,Inc.	+22.99%	3.59%	0.98	67,150	108	5	15.13	1.71%	17.61%	24,080	1.30%	49.4%
3481	Mitsubishi Estate Logistics REIT Investment Corporation	+15.01%	2.83%	1.52	196,350	170	22	7.84	4.93%	10.82%	28,396	4.20%	29.9%
3487	CRE Logistics REIT,Inc.	+36.24%	3.33%	1.40	119,095	112	19	4.50	4.91%	10.18%	35,165	4.94%	44.8%
3488	XYMAX REIT Investment Corporation	+29.30%	5.02%	0.79	25,535	35	15	19.15	5.75%	28.69%	28,670	5.64%	34.0%
3492	Takara Leben Real Estate Investment Corporation	+25.69%	5.29%	1.01	63,020	87	37	22.23	4.95%	6.43%	29,000	6.38%	46.0%
3493	ITOCHU Advance Logistics Investment Corporation	+10.94%	3.33%	1.28	97,401	111	12	4.18	5.25%	12.44%	27,035	3.59%	34.3%
2971	ESCON JAPAN REIT Investment Corporation	+32.83%	5.08%	1.16	49,416	70	38	14.29	5.32%	8.95%	35,675	6.86%	43.5%
2972	SANKEI REAL ESTATE Inc.	+29.29%	4.83%	1.02	56,669	72	12	17.06	4.51%	9.49%	29,630	5.46%	47.6%
2979	SOSiLA Logistics REIT,Inc.	+25.43%	2.90%	1.52	105,883	101	10	3.73	4.94%	7.68%	25,130	4.37%	37.9%
2989	Tokaido REIT,Inc.		4.62%		18,971	30	8	18.34			24,806

What's New

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
Sep. 27, 2018
9285 Tokyo Infrastructure Energy Investment Corporation 9/27 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	Shinjuku Mitsui Bldg.	170
2	Roppongi Hills Mori Tower	115
3	Shiodome Building	107
4	Tokyo Shiodome Building	97
5	Kitanomaru Square	82

Unit Price Growth Rankings

1	Japan Metropolitan	+3.09%
2	XYMAX REIT	+2.14%
3	Ichigo Hotel REIT	+2.11%