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.	+16.42%	2.94%	1.33	1,010,992	1,116	71	18.77	4.44%	24.48%	42,140	5.33%	40.8%
8952	Japan Real Estate Investment Corporation	+9.57%	3.11%	1.18	856,060	1,025	73	18.55	4.41%	24.81%	38,480	5.18%	40.2%
8953	Japan Retail Fund Investment Corporation	+5.68%	4.07%	1.01	569,942	906	101	16.81	4.84%	17.84%	35,440	5.33%	44.2%
8954	ORIX JREIT Inc.	+18.23%	3.67%	1.14	535,164	663	109	16.51	5.09%	21.38%	35,600	5.48%	42.8%
8955	Japan Prime Realty Investment Corporation	+17.09%	3.33%	1.30	407,966	435	62	22.71	4.69%	20.15%	36,825	5.62%	40.5%
8956	Premier Investment Corporation	+28.68%	3.99%	1.23	184,379	238	57	22.23	4.81%	12.76%	27,900	5.67%	45.5%
8957	TOKYU REIT, Inc.	+21.64%	3.32%	1.01	171,471	229	30	21.01	4.40%	27.95%	29,150	5.28%	42.5%
8958	Global One Real Estate Investment Corporation	+18.30%	3.72%	1.01	120,156	182	11	16.49	3.95%	14.76%	37,272	4.33%	49.5%
8960	United Urban Investment Corporation	+8.32%	3.90%	1.19	545,028	622	119	23.62	5.62%	21.24%	41,700	6.60%	39.5%
8961	MORI TRUST Sogo Reit, Inc.	+4.79%	4.33%	1.14	222,288	324	15	19.97	4.30%	13.38%	36,500	6.00%	47.1%
8964	Frontier Real Estate Investment Corporation	+3.37%	4.57%	1.07	227,912	327	37	11.92	5.33%	24.66%	41,960	6.66%	33.4%
8966	HEIWA REAL ESTATE REIT, Inc.	+22.07%	3.91%	1.05	124,623	173	104	18.77	5.14%	18.72%	19,200	5.20%	44.1%
8967	Japan Logistics Fund, Inc.	+5.99%	4.04%	0.94	211,335	269	47	12.56	5.39%	40.23%	47,150	6.84%	44.2%
8968	Fukuoka REIT Corporation	+0.36%	4.38%	1.05	134,206	196	29	16.38	5.66%	16.16%	36,900	5.57%	39.1%
8972	Kenedix Office Investment Corporation	+13.79%	3.49%	1.17	325,239	417	96	23.54	4.79%	13.95%	26,520	5.28%	41.9%
8975	Ichigo Office REIT Investment Corporation	+26.07%	4.16%	1.32	157,826	203	85	25.98	5.50%	15.98%	29,995	5.73%	47.6%
8976	Daiwa Office Investment Corporation	+22.60%	3.23%	1.14	376,286	460	59	21.50	4.29%	18.43%	24,700	4.63%	41.5%
8977	Hankyu Hanshin REIT, Inc.	+6.26%	4.29%	0.93	101,430	167	30	15.67	4.95%	17.28%	31,300	5.04%	43.5%
8984	Daiwa House REIT Investment Corporation	-2.48%	4.19%	0.99	521,863	685	217	10.15	5.33%	12.10%	42,160	3.58%	40.7%
8985	Japan Hotel REIT Investment Corporation	+14.25%	4.18%	1.16	393,579	312	42	20.68	6.99%	42.61%	44,232	7.97%	39.0%
8986	Japan Rental Housing Investments Inc.	+2.39%	4.56%	0.99	140,389	226	198	15.30	5.69%	19.80%	15,600	5.73%	50.9%
8987	Japan Excellent, Inc.	+13.22%	3.55%	1.12	206,823	274	31	22.16	4.93%	17.30%	28,150	4.96%	44.4%
8963	Invincible Investment Corporation	+12.60%	5.98%	1.06	308,843	448	129	20.27	6.28%	18.28%	21,411	7.51%	50.5%
3226	Nippon Accommodations Fund Inc.	+16.79%	3.47%	1.35	271,332	308	125	13.26	5.32%	23.11%	38,900	6.28%	50.1%
3227	MCUBS MidCity Investment Corporation	+24.38%	4.59%	1.11	163,491	261	22	24.21	4.26%	3.91%	22,825	6.49%	43.8%
3234	Mori Hills REIT Investment Corporation	+7.75%	3.82%	1.13	278,807	391	11	18.13	3.79%	14.90%	28,400	5.37%	46.2%
3249	Industrial & Infrastructure Fund Investment Corporation	+3.96%	4.66%	1.21	213,881	275	67	21.42	5.75%	18.96%	46,928	7.07%	50.1%
3269	Advance Residence Investment Corporation	+12.45%	3.44%	1.33	420,525	448	264	12.82	5.56%	32.09%	32,184	6.30%	49.9%
8979	Starts Proceed Investment Corporation	+7.60%	4.95%	0.88	46,194	86	107	15.71	5.45%	11.59%	22,275	5.17%	50.7%
3278	Kenedix Residential Next Investment Corporation	+11.90%	4.44%	1.09	160,439	231	141	13.28	5.54%	15.68%	39,215	6.38%	50.3%
3279	Activia Properties Inc.	-3.83%	4.25%	1.09	358,619	500	45	17.59	4.63%	19.00%	39,566	5.97%	44.8%
3281	GLP J-REIT	+1.88%	4.45%	1.07	456,944	608	75	15.42	5.43%	22.91%	42,416	5.75%	45.1%
3282	Comforia Residential REIT, Inc	+17.68%	3.47%	1.22	186,867	224	126	10.33	5.23%	18.94%	40,520	6.09%	51.8%
3283	Nippon Prologis REIT, Inc.	+4.00%	3.69%	1.14	523,098	579	42	7.63	5.51%	24.30%	44,170	5.12%	36.8%
3287	Hoshino Resorts REIT, Inc.	-0.18%	4.73%	1.00	121,137	156	59	22.79	6.72%	12.53%	51,678	5.33%	32.2%
3290	ONE REIT, Inc.	+10.40%	5.04%	1.07	65,687	102	26	29.77	5.41%	12.67%	27,600	6.72%	46.1%
3292	AEON REIT Investment Corporation	+17.62%	4.49%	1.00	237,276	363	39	14.70	6.44%	13.45%	30,000	5.34%	41.4%
3295	Hulic Reit, Inc.	+9.00%	3.83%	1.09	222,803	307	50	20.18	4.51%	15.46%	34,100	5.50%	43.5%
3296	NIPPON REIT Investment Corporation	+29.19%	4.36%	1.22	187,171	249	90	24.36	5.07%	10.87%	36,286	5.84%	46.9%
3298	Invesco Office J-REIT, Inc.	+19.86%	4.75%	1.09	147,110	220	18	23.03	5.02%	12.65%	32,320	6.82%	49.4%
3308	Nippon Healthcare Investment Corporation	+1.76%	4.71%	0.89	13,411	20	23	11.08	6.23%	25.88%	42,300	4.66%	46.5%
3451	Tosei Reit Investment Corporation	+3.22%	6.13%	0.95	33,594	56	36	25.24	6.12%	14.10%	36,400	6.46%	46.6%
3309	Sekisui House Reit, Inc.	+15.98%	3.75%	1.10	312,630	457	115	9.40	4.38%	10.45%	31,140	5.98%	43.3%
3453	Kenedix Retail REIT Corporation	+14.80%	4.79%	1.06	135,454	213	53	14.49	5.06%	6.60%	31,950	5.46%	44.5%
3455	Healthcare & Medical Investment Corporation	+7.49%	5.97%	1.00	35,703	65	35	14.59	5.56%	7.22%	34,285	5.27%	50.6%
3459	Samty Residential Investment Corporation	+5.30%	6.44%	1.02	50,057	94	97	8.84	5.60%	5.02%	31,970	5.73%	51.0%
3462	Nomura Real Estate Master Fund, Inc.	+5.69%	4.06%	1.03	718,473	1,005	287	18.55	5.09%	9.89%	32,100	3.72%	44.4%
3463	Ichigo Hotel REIT Investment Corporation	+4.09%	4.87%	0.89	33,070	51	21	25.81	6.19%	10.84%	31,605	8.41%	38.8%
3466	LaSalle LOGIPORT REIT	+2.39%	5.11%	1.06	127,380	190	11	12.75	4.75%	7.66%	29,565	4.94%	43.3%
3468	Star Asia Investment Corporation	+3.76%	5.82%	0.96	58,247	103	34	20.62	5.05%	7.77%	31,350	7.41%	47.1%
3470	Marimo Regional Revitalization REIT,Inc.	-1.13%	6.05%	0.92	14,994	25	26	13.46	6.83%	16.64%	34,275	6.21%	47.7%
3471	Mitsui Fudosan Logistics Park Inc.	-2.82%	3.75%	1.11	130,566	156	16	4.26	5.38%	10.67%	25,814	4.11%	26.8%
3472	Ooedo Onsen Reit Investment Corporation	-3.04%	5.53%	0.84	20,240	37	14	37.97	7.23%	9.42%	23,800	5.43%	40.9%
3473	SAKURA SOGO REIT Investment Corporation	-7.45%	5.82%	0.89	28,938	56	17	22.57	5.46%	5.66%	25,305	5.83%	44.8%
3476	MIRAI Corporation	+5.69%	5.73%	1.07	78,608	145	29	20.85	4.84%	3.28%	28,500	6.19%	48.7%
3478	MORI TRUST Hotel Reit,Inc.	-7.16%	4.48%	1.05	66,750	102	4	12.10	4.21%	13.54%	29,880	6.25%	46.5%
3481	Mitsubishi Estate Logistics REIT Investment Corporation	-4.67%	4.37%	0.95	61,749	83	10	7.25	4.92%	5.71%	21,968	3.64%	25.0%
3487	CRE Logistics REIT,Inc.	-2.10%	5.25%	0.95	25,866	48	7	2.28	5.27%	6.71%	29,400	5.52%	47.7%
3488	XYMAX REIT Investment Corporation	+6.37%	4.86%	0.87	26,875	33	12	16.59	6.43%	24.77%	29,240	2.61%	33.0%
3492	Takara Leben Real Estate Investment Corporation	+4.01%	6.51%	0.92	32,235	65	28	25.86	5.40%	4.68%	30,350	0.11%	49.7%
3493	ITOCHU Advance Logistics Investment Corporation	+5.18%	4.63%	0.90	35,536	54	7	2.60	5.71%	7.11%	23,025	1.91%	37.0%
2971	ESCON JAPAN REIT Investment Corporation	+4.37%	6.11%		24,364	42	25	17.19		7.98%	31,410
2972	SANKEI REAL ESTATE Inc.	+4.87%	3.39%		25,302	43	8	15.76			17,910

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	Shiodome Building	72

Unit Price Growth Rankings

1	LaSalle LOGIPORT REIT	+1.67%
2	ORIX JREIT	+0.88%
3	Kenedix Residential	+0.86%