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.	+6.38%	3.60%	1.11	1,134,561	1,467	68	23.68	3.92%	25.47%	48,000	5.48%	42.8%
8952	Japan Real Estate Investment Corporation	-4.56%	4.13%	0.99	833,798	1,150	77	21.71	3.97%	30.87%	48,400	6.88%	44.0%
8953	Japan Metropolitan Fund Investment Corporation	-0.40%	5.52%	0.87	695,059	1,245	141	22.29	4.41%	16.67%	44,000	5.14%	44.1%
8954	ORIX JREIT Inc.	-18.05%	4.94%	0.74	419,796	723	116	20.27	5.04%	36.47%	37,600	6.63%	43.0%
8955	Japan Prime Realty Investment Corporation	-9.63%	4.59%	0.86	337,046	526	68	25.00	4.45%	26.22%	38,750	5.33%	40.2%
8956	NTT UD REIT Investment Corporation	-17.81%	4.80%	0.81	170,286	307	61	24.88	4.88%	23.99%	27,600	5.70%	47.8%
8957	TOKYU REIT, Inc.	-21.96%	4.60%	0.73	144,489	258	30	24.68	4.32%	38.45%	34,000	7.08%	43.3%
8958	Global One Real Estate Investment Corporation	-15.18%	4.84%	0.72	102,896	209	15	18.36	4.07%	22.54%	38,992	6.44%	45.9%
8960	United Urban Investment Corporation	-13.25%	5.41%	0.84	430,084	682	140	26.09	5.32%	26.01%	45,060	6.16%	44.8%
8961	MORI TRUST Reit, Inc.	-13.35%	5.24%	0.87	231,044	466	21	21.34	3.50%	9.47%	34,000	6.23%	47.5%
8964	Frontier Real Estate Investment Corporation	-10.41%	5.05%	0.86	230,466	365	42	15.69	4.87%	31.34%	43,060	6.49%	38.7%
8966	HEIWA REAL ESTATE REIT, Inc.	-13.30%	5.39%	0.88	152,712	238	128	23.73	4.86%	26.07%	27,560	6.60%	46.9%
8967	Japan Logistics Fund, Inc.	-14.54%	4.05%	0.84	243,378	296	54	16.41	5.63%	59.70%	53,000	6.77%	43.7%
8968	Fukuoka REIT Corporation	-14.06%	5.50%	0.75	112,873	221	35	20.01	5.01%	25.44%	39,000	5.96%	44.9%
8972	KDX Investment Corporation	-10.82%	5.06%	0.88	633,925	1,196	355	20.77	4.59%	10.87%	31,432	10.24%	44.0%
8975	Ichigo Office REIT Investment Corporation	-7.90%	6.01%	0.90	128,749	226	93	31.04	5.27%	25.60%	34,839	6.53%	49.8%
8976	Daiwa Office Investment Corporation	-10.82%	4.43%	0.78	295,563	474	59	25.59	4.31%	31.22%	27,400	5.01%	43.9%
8977	Hankyu Hanshin REIT, Inc.	-13.81%	4.97%	0.71	86,761	180	35	18.83	4.53%	21.87%	31,000	4.80%	47.6%
8984	Daiwa House REIT Investment Corporation	-11.02%	5.35%	0.71	544,047	936	233	13.25	5.13%	29.26%	50,400	4.04%	42.8%
8985	Japan Hotel REIT Investment Corporation	-5.14%	5.43%	0.92	357,810	453	51	24.81	5.89%	34.13%	45,780	5.36%	40.8%
8986	Daiwa Securities Living Investment Corporation	-9.63%	4.64%	0.87	244,059	398	253	13.42	5.02%	27.58%	18,800	6.20%	51.3%
8987	Japan Excellent, Inc.	-7.80%	4.53%	0.76	164,012	297	35	21.60	4.57%	25.54%	28,100	5.33%	43.6%
8963	Invincible Investment Corporation	-7.69%	6.28%	0.91	449,611	653	145	31.33	6.55%	32.22%	24,264	7.54%	47.8%
3226	Nippon Accommodations Fund Inc.	+0.15%	3.44%	1.04	328,264	342	136	17.70	5.56%	54.80%	44,840	7.60%	51.2%
3234	Mori Hills REIT Investment Corporation	-14.21%	4.84%	0.81	244,140	403	11	22.78	3.55%	27.12%	30,800	6.09%	46.1%
3249	Industrial & Infrastructure Fund Investment Corporation	-17.54%	5.59%	0.92	307,643	515	108	22.69	5.57%	24.62%	54,240	7.33%	49.9%
3269	Advance Residence Investment Corporation	-4.49%	3.58%	1.00	472,890	494	287	17.21	5.59%	59.09%	35,460	6.47%	47.3%
8979	Starts Proceed Investment Corporation	-12.24%	5.06%	0.80	54,659	102	109	17.77	5.36%	20.61%	24,500	5.77%	52.4%
3279	Activia Properties Inc.	-19.37%	5.37%	0.75	265,356	542	45	22.15	3.94%	17.30%	36,000	5.51%	47.3%
3281	GLP J-REIT	-4.11%	4.74%	0.87	651,888	896	92	16.69	4.77%	34.94%	50,448	5.48%	44.5%
3282	Comforia Residential REIT, Inc	-3.86%	3.54%	0.99	252,831	317	165	13.63	4.95%	33.02%	45,880	5.35%	50.6%
3283	Nippon Prologis REIT, Inc.	-10.83%	3.88%	0.90	748,334	917	59	9.70	5.15%	39.83%	51,145	4.92%	37.8%
3287	Hoshino Resorts REIT, Inc.	-25.35%	3.76%	0.85	141,918	228	69	20.11	5.31%	12.63%	36,440	3.71%	38.8%
3290	ONE REIT, Inc.	-6.30%	5.23%	0.86	65,828	124	32	34.49	5.03%	14.47%	25,640	5.89%	48.6%
3292	AEON REIT Investment Corporation	-10.57%	5.04%	0.87	282,273	475	48	18.59	6.20%	20.78%	33,500	5.61%	41.5%
3295	Hulic Reit, Inc.	-14.50%	4.98%	0.75	201,168	393	67	21.70	4.34%	18.75%	34,800	5.16%	45.9%
3296	NIPPON REIT Investment Corporation	-12.17%	5.54%	0.73	141,278	258	110	28.03	4.94%	25.50%	34,790	6.05%	48.1%
3451	Tosei Reit Investment Corporation	-3.77%	5.49%	0.88	50,897	83	62	30.58	6.10%	20.17%	37,100	6.47%	47.7%
3309	Sekisui House Reit, Inc.	-2.98%	5.00%	0.94	356,653	522	131	12.76	4.06%	18.67%	40,690	3.43%	45.5%
3455	Healthcare & Medical Investment Corporation	-20.96%	5.36%	0.87	42,565	82	53	18.40	5.44%	14.74%	31,750	5.40%	48.5%
3459	Samty Residential Investment Corporation	-13.89%	5.25%	0.82	83,705	163	179	12.30	5.15%	12.52%	26,210	5.29%	49.8%
3462	Nomura Real Estate Master Fund, Inc.	-11.76%	4.44%	0.85	710,852	1,085	292	21.59	4.95%	23.36%	33,780	4.25%	43.9%
3463	Ichigo Hotel REIT Investment Corporation	+3.65%	12.94%	0.86	39,986	70	30	28.39	6.02%	10.05%	78,990	4.75%	43.4%
3466	LaSalle LOGIPORT REIT	-3.49%	5.01%	0.89	268,439	384	23	12.73	4.82%	22.28%	36,020	5.89%	41.9%
3468	Star Asia Investment Corporation	-7.47%	5.80%	0.92	143,217	244	71	22.10	4.75%	10.33%	30,910	5.50%	47.5%
3470	Marimo Regional Revitalization REIT,Inc.	-8.27%	5.93%	0.84	32,528	52	55	15.93	6.26%	19.13%	34,505	5.62%	48.7%
3471	Mitsui Fudosan Logistics Park Inc.	-13.75%	4.43%	0.90	263,264	400	30	6.82	4.86%	22.94%	38,346	4.01%	36.4%
3472	Nippon Hotel & Residential Investment Corporation	+7.69%	5.48%	0.63	16,474	36	15	40.90	6.47%	16.89%	19,180	3.49%	36.0%
3476	MIRAI Corporation	-8.02%	5.49%	0.83	83,164	178	43	27.36	4.58%	8.61%	23,950	5.17%	49.0%
3481	Mitsubishi Estate Logistics REIT Investment Corporation	-4.57%	5.03%	0.94	189,059	267	34	8.37	4.73%	16.74%	37,764	4.67%	40.2%
3487	CRE Logistics REIT,Inc.	-13.21%	5.05%	0.83	93,590	160	21	5.99	4.62%	19.40%	37,615	5.06%	44.1%
3488	XYMAX REIT Investment Corporation	-2.73%	6.36%	0.78	28,485	44	18	21.04	5.76%	25.32%	36,310	6.28%	40.9%
3492	Takara Leben Real Estate Investment Corporation	-9.43%	6.11%	0.83	69,024	149	70	18.49	4.75%	4.74%	27,000	5.30%	47.1%
3493	Advance Logistics Investment Corporation	-6.30%	3.21%	0.79	83,221	135	14	6.69	4.89%	26.03%	19,830	4.48%	42.5%
2971	ESCON JAPAN REIT Investment Corporation	-0.85%	5.63%	0.99	41,946	70	37	15.04	4.80%	4.76%	32,740	5.74%	43.8%
2972	SANKEI REAL ESTATE Inc.	-15.72%	5.55%	0.70	37,321	96	17	16.15	3.08%	4.21%	22,170	4.12%	47.9%
2979	SOSiLA Logistics REIT,Inc.	-12.19%	4.87%	0.80	82,790	143	17	6.86	4.68%	18.54%	27,700	4.46%	42.4%
2989	Tokaido REIT,Inc.	-9.41%	6.00%	0.99	31,348	53	22	17.59	5.68%	6.68%	33,800	6.43%	46.2%

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	Nippon Building	+2.30%
2	Nomura Master	+1.87%
3	Japan Prime Realty	+1.35%