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.	+25.46%	2.63%	1.49	1,162,076	1,130	71	19.09	4.55%	25.79%	43,300	5.73%	41.7%
8952	Japan Real Estate Investment Corporation	+22.97%	2.75%	1.36	1,008,433	1,023	73	19.04	4.45%	26.03%	40,000	5.27%	40.5%
8953	Japan Retail Fund Investment Corporation	+13.43%	3.82%	1.09	623,612	877	100	17.14	4.86%	18.45%	36,400	5.18%	45.1%
8954	ORIX JREIT Inc.	+32.94%	3.13%	1.34	648,324	668	110	16.94	5.13%	23.91%	36,800	5.31%	42.7%
8955	Japan Prime Realty Investment Corporation	+28.36%	2.89%	1.46	476,268	440	63	22.78	4.78%	22.71%	37,325	6.08%	40.9%
8956	Premier Investment Corporation	+40.32%	3.37%	1.36	217,699	244	58	22.90	4.83%	17.63%	27,850	6.90%	44.8%
8957	TOKYU REIT, Inc.	+31.96%	3.14%	1.16	204,221	231	31	21.41	4.46%	30.56%	32,750	5.07%	42.2%
8958	Global One Real Estate Investment Corporation	+27.01%	3.11%	1.12	139,762	191	11	15.87	4.05%	17.96%	36,176	4.47%	49.4%
8960	United Urban Investment Corporation	+23.44%	3.20%	1.40	671,690	644	122	23.84	5.39%	22.61%	41,340	6.96%	41.5%
8961	MORI TRUST Sogo Reit, Inc.	+21.44%	3.73%	1.31	260,172	324	15	20.47	4.34%	14.61%	36,760	6.07%	47.2%
8964	Frontier Real Estate Investment Corporation	+10.73%	4.35%	1.12	251,715	332	36	11.87	5.40%	24.23%	42,200	6.22%	38.0%
8966	HEIWA REAL ESTATE REIT, Inc.	+26.72%	3.41%	1.18	145,834	175	104	19.35	5.19%	21.01%	19,600	5.42%	44.5%
8967	Japan Logistics Fund, Inc.	+22.14%	3.52%	1.09	250,162	278	50	12.63	5.65%	41.19%	48,700	6.40%	44.8%
8968	Fukuoka REIT Corporation	+6.86%	3.95%	1.13	147,578	196	29	16.88	5.80%	17.22%	36,650	5.81%	39.7%
8972	Kenedix Office Investment Corporation	+21.19%	3.15%	1.26	367,662	426	97	24.06	4.89%	17.57%	27,020	5.43%	41.7%
8975	Ichigo Office REIT Investment Corporation	+23.55%	3.67%	1.44	176,826	203	85	26.26	5.64%	17.13%	29,645	7.25%	48.1%
8976	Daiwa Office Investment Corporation	+22.08%	3.14%	1.20	410,717	461	59	21.93	4.36%	20.99%	26,200	4.98%	42.1%
8977	Hankyu Hanshin REIT, Inc.	+24.12%	3.53%	1.08	122,355	167	30	16.17	4.81%	18.03%	31,100	5.18%	43.6%
8984	Daiwa House REIT Investment Corporation	+22.42%	3.60%	1.21	652,588	739	223	10.37	5.43%	14.11%	45,240	4.04%	41.3%
8985	Japan Hotel REIT Investment Corporation	+3.17%	4.35%	1.11	377,961	375	43	21.62	6.99%	42.61%	44,232	7.97%	39.0%
8986	Japan Rental Housing Investments Inc.	+15.68%	3.85%	1.16	170,566	226	192	15.29	5.72%	22.68%	16,000	5.85%	50.9%
8987	Japan Excellent, Inc.	+20.70%	3.20%	1.22	234,504	274	31	22.67	5.05%	20.33%	28,750	5.18%	44.2%
8963	Invincible Investment Corporation	+44.60%	5.10%	1.29	412,146	501	147	22.64	5.60%	20.67%	22,673	18.38%	48.9%
3226	Nippon Accommodations Fund Inc.	+35.81%	2.83%	1.59	336,258	310	126	13.82	5.50%	26.36%	39,240	6.79%	50.4%
3227	MCUBS MidCity Investment Corporation	+43.93%	3.16%	1.34	204,569	261	22	24.72	4.47%	6.54%	19,675	7.09%	42.2%
3234	Mori Hills REIT Investment Corporation	+28.18%	3.16%	1.34	340,305	391	11	18.64	3.82%	16.53%	28,650	5.52%	45.7%
3249	Industrial & Infrastructure Fund Investment Corporation	+45.63%	3.67%	1.57	301,753	298	71	21.83	5.85%	18.72%	49,360	7.38%	49.9%
3269	Advance Residence Investment Corporation	+24.70%	3.07%	1.44	495,806	450	266	13.31	5.70%	36.12%	33,000	6.51%	49.9%
8979	Starts Proceed Investment Corporation	+24.03%	4.17%	1.02	54,105	86	105	16.15	5.58%	13.58%	22,250	5.52%	51.1%
3278	Kenedix Residential Next Investment Corporation	+28.55%	3.67%	1.31	201,002	234	144	13.75	5.61%	17.21%	40,645	6.36%	49.4%
3279	Activia Properties Inc.	+20.21%	3.42%	1.31	444,996	499	44	18.11	4.47%	18.40%	39,436	6.05%	45.6%
3281	GLP J-REIT	+29.25%	3.58%	1.28	553,929	608	75	15.93	5.33%	21.32%	41,352	5.73%	44.9%
3282	Comforia Residential REIT, Inc	+31.20%	2.93%	1.40	225,574	228	127	10.78	5.27%	20.62%	41,200	5.90%	50.1%
3283	Nippon Prologis REIT, Inc.	+31.49%	2.95%	1.40	714,142	636	45	7.51	5.40%	26.27%	44,785	5.10%	37.7%
3287	Hoshino Resorts REIT, Inc.	+7.79%	4.43%	1.08	132,008	156	59	23.30	6.84%	12.21%	52,680	5.50%	35.8%
3290	ONE REIT, Inc.	+33.58%	4.63%	1.23	79,410	102	26	30.27	5.43%	13.02%	30,660	6.39%	46.2%
3292	AEON REIT Investment Corporation	+23.38%	3.97%	1.13	289,615	381	40	14.84	6.48%	15.06%	30,725	5.59%	41.4%
3295	Hulic Reit, Inc.	+24.69%	3.39%	1.20	267,648	325	53	21.58	4.59%	16.05%	34,600	5.31%	43.2%
3296	NIPPON REIT Investment Corporation	+25.95%	3.76%	1.30	209,667	249	90	24.86	5.08%	13.65%	35,084	6.67%	46.9%
3298	Invesco Office J-REIT, Inc.	+32.41%	3.51%	1.31	192,313	228	19	23.21	5.15%	16.16%	30,360	6.49%	49.4%
3308	Nippon Healthcare Investment Corporation	+21.51%	3.89%	1.08	16,232	20	23	11.59	6.26%	26.40%	42,300	5.03%	46.6%
3451	Tosei Reit Investment Corporation	+22.61%	5.01%	1.08	39,905	57	37	25.82	6.18%	14.18%	35,300	8.20%	46.7%
3309	Sekisui House Reit, Inc.	+38.80%	3.15%	1.31	435,728	527	119	9.96	4.46%	11.91%	32,030	4.84%	45.3%
3453	Kenedix Retail REIT Corporation	+21.54%	4.47%	1.16	147,791	201	55	14.95	5.34%	6.71%	32,518	5.65%	44.6%
3455	Healthcare & Medical Investment Corporation	+22.97%	4.64%	1.17	43,291	65	35	15.09	5.78%	7.16%	32,270	6.31%	47.5%
3459	Samty Residential Investment Corporation	+35.81%	4.49%	1.21	72,594	110	118	9.63	5.48%	5.71%	27,520	7.24%	51.6%
3462	Nomura Real Estate Master Fund, Inc.	+34.33%	3.21%	1.30	923,557	1,011	289	18.96	5.19%	11.28%	32,570	4.09%	44.5%
3463	Ichigo Hotel REIT Investment Corporation	-2.46%	5.71%	0.92	34,370	54	23	26.90	6.24%	10.50%	38,505	5.01%	43.0%
3466	LaSalle LOGIPORT REIT	+53.55%	3.94%	1.42	220,806	246	16	11.52	4.94%	8.36%	31,930	5.19%	43.6%
3468	Star Asia Investment Corporation	+11.61%	4.72%	1.03	63,439	103	34	21.13	4.99%	8.79%	27,700	7.24%	46.8%
3470	Marimo Regional Revitalization REIT,Inc.	+21.43%	5.00%	1.08	17,998	25	26	13.97	6.81%	18.13%	34,000	6.37%	49.1%
3471	Mitsui Fudosan Logistics Park Inc.	+34.77%	2.84%	1.42	171,877	157	16	4.76	5.40%	9.03%	25,774	4.06%	29.1%
3472	Ooedo Onsen Reit Investment Corporation	+12.53%	4.86%	0.93	22,829	37	14	38.48	7.18%	11.05%	23,585	5.29%	40.6%
3473	SAKURA SOGO REIT Investment Corporation	+10.21%	4.13%	0.99	32,701	58	18	22.93	5.61%	6.57%	20,290	5.93%	46.1%
3476	MIRAI Corporation	+35.68%	4.91%	1.33	100,750	143	29	21.63	4.88%	4.57%	31,300	6.46%	49.0%
3478	MORI TRUST Hotel Reit,Inc.	+4.19%	4.39%	1.10	72,050	109	5	13.17	4.13%	15.48%	31,600	6.04%	46.1%
3481	Mitsubishi Estate Logistics REIT Investment Corporation	+41.95%	3.29%	1.28	108,461	86	11	7.65	4.95%	6.46%	23,544	3.80%	22.5%
3487	CRE Logistics REIT,Inc.	+30.46%	4.23%	1.20	36,865	54	9	2.62	4.93%	7.36%	30,095	4.90%	47.9%
3488	XYMAX REIT Investment Corporation	+18.91%	4.44%	0.96	30,204	33	12	17.10	6.70%	26.28%	30,025	6.93%	31.8%
3492	Takara Leben Real Estate Investment Corporation	+44.89%	5.25%	1.19	58,969	86	34	21.23	5.38%	6.57%	33,500	7.14%	47.8%
3493	ITOCHU Advance Logistics Investment Corporation	+35.86%	3.67%	1.12	45,464	59	8	3.28	5.25%	8.65%	23,380	4.09%	39.5%
2971	ESCON JAPAN REIT Investment Corporation		5.36%	1.14	30,692	42	25	17.70	5.78%	9.50%	34,705	5.73%	43.7%
2972	SANKEI REAL ESTATE Inc.		4.14%		43,494	67	11	15.83			25,235

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	Takara Leben REIT	+2.08%
2	Nippon Healthcare	+1.68%
3	ESCON JAPAN REIT	+1.25%