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.	-3.00%	3.61%	1.17	1,154,973	1,452	73	22.94	4.33%	24.68%	49,000	6.41%	42.1%
8952	Japan Real Estate Investment Corporation	-11.03%	3.72%	1.03	838,052	1,091	73	20.62	4.42%	31.62%	45,000	6.23%	43.5%
8953	Japan Metropolitan Fund Investment Corporation	-13.74%	4.43%	0.95	714,984	1,218	127	20.68	4.53%	13.07%	36,240	5.46%	44.1%
8954	ORIX JREIT Inc.	-14.43%	4.19%	0.95	499,008	693	112	19.24	4.75%	30.74%	37,900	5.40%	43.6%
8955	Japan Prime Realty Investment Corporation	-11.94%	3.93%	1.04	393,387	496	67	24.03	4.56%	25.53%	38,750	6.08%	41.7%
8956	NTT UD REIT Investment Corporation	-11.08%	3.74%	1.06	202,536	273	58	23.25	4.51%	24.02%	27,050	7.06%	47.4%
8957	TOKYU REIT, Inc.	-6.13%	3.74%	0.94	185,744	231	31	24.75	4.00%	39.51%	35,550	11.78%	41.6%
8958	Global One Real Estate Investment Corporation	-19.09%	4.69%	0.76	97,747	191	11	18.53	4.27%	20.04%	38,608	4.75%	47.4%
8960	United Urban Investment Corporation	-13.52%	4.41%	0.89	438,750	677	136	24.87	4.70%	23.13%	37,200	4.02%	43.0%
8961	MORI TRUST Sogo Reit, Inc.	-11.59%	4.20%	0.95	182,292	325	16	21.81	3.20%	12.65%	29,000	5.69%	47.4%
8964	Frontier Real Estate Investment Corporation	-1.13%	4.17%	1.17	285,107	361	40	14.12	5.00%	23.98%	43,920	6.75%	37.4%
8966	HEIWA REAL ESTATE REIT, Inc.	-18.64%	4.48%	1.04	154,642	196	114	21.48	5.06%	24.32%	24,920	5.69%	44.7%
8967	Japan Logistics Fund, Inc.	-6.92%	3.34%	1.03	282,535	284	52	14.72	5.57%	56.93%	50,550	6.50%	44.1%
8968	Fukuoka REIT Corporation	-12.64%	4.29%	0.92	129,828	206	33	19.19	5.33%	23.12%	35,000	5.58%	41.5%
8972	Kenedix Office Investment Corporation	-14.85%	4.26%	0.90	284,959	447	97	26.05	4.73%	22.40%	28,300	5.09%	43.6%
8975	Ichigo Office REIT Investment Corporation	-14.78%	4.94%	0.98	125,609	206	85	28.98	5.62%	20.53%	28,693	6.20%	48.9%
8976	Daiwa Office Investment Corporation	-12.19%	4.14%	0.89	326,672	467	59	24.03	4.55%	28.13%	28,000	5.35%	41.9%
8977	Hankyu Hanshin REIT, Inc.	-8.48%	4.07%	0.87	100,526	169	32	17.27	4.60%	19.96%	29,400	4.66%	43.9%
8984	Daiwa House REIT Investment Corporation	-12.51%	3.79%	0.99	686,024	895	230	11.58	5.03%	20.42%	44,800	4.50%	42.2%
8985	Japan Hotel REIT Investment Corporation	-5.60%	0.57%	0.85	285,888	364	41	24.06	1.72%	35.48%	4,392	0.59%	41.8%
8986	Daiwa Securities Living Investment Corporation	-5.26%	3.84%	1.06	250,255	346	240	13.99	5.29%	25.08%	17,440	5.60%	51.0%
8987	Japan Excellent, Inc.	-24.61%	4.58%	0.75	163,454	292	36	23.08	4.90%	26.36%	28,000	5.01%	42.7%
8963	Invincible Investment Corporation	-8.97%	0.40%	0.77	238,082	491	127	26.06	1.73%	15.31%	1,025	0.82%	49.5%
3226	Nippon Accommodations Fund Inc.	+5.65%	3.10%	1.20	329,271	340	135	15.54	5.45%	41.79%	40,540	7.04%	51.4%
3234	Mori Hills REIT Investment Corporation	-10.02%	4.10%	0.96	284,000	411	11	20.62	3.62%	24.82%	30,350	5.42%	46.8%
3249	Industrial & Infrastructure Fund Investment Corporation	-16.02%	3.51%	1.35	361,425	376	76	21.39	5.59%	22.89%	48,960	6.07%	48.2%
3269	Advance Residence Investment Corporation	-3.99%	3.27%	1.18	482,673	468	276	15.66	5.60%	50.46%	34,200	6.72%	48.4%
8979	Starts Proceed Investment Corporation	-2.57%	3.94%	1.03	58,800	89	107	17.41	5.34%	17.83%	22,800	5.30%	50.6%
3278	Kenedix Residential Next Investment Corporation	-12.78%	3.99%	1.04	215,531	289	172	14.13	5.33%	24.94%	41,105	6.02%	51.5%
3279	Activia Properties Inc.	-22.23%	4.60%	0.89	325,432	548	47	21.07	4.24%	18.39%	36,840	5.55%	46.0%
3281	GLP J-REIT	-15.06%	3.51%	1.13	719,357	784	85	16.90	5.02%	32.00%	45,000	4.19%	44.3%
3282	Comforia Residential REIT, Inc	-7.09%	3.33%	1.08	229,830	277	146	11.92	4.98%	29.36%	42,820	5.31%	50.2%
3283	Nippon Prologis REIT, Inc.	-8.59%	3.02%	1.28	866,529	822	55	8.37	5.28%	30.87%	49,010	5.00%	37.6%
3287	Hoshino Resorts REIT, Inc.	-7.40%	2.55%	1.18	152,966	178	65	22.72	4.63%	7.63%	31,876	2.64%	38.1%
3290	ONE REIT, Inc.	-19.22%	5.31%	0.91	69,399	120	31	32.91	5.40%	14.30%	27,440	6.47%	47.2%
3292	AEON REIT Investment Corporation	-6.54%	4.36%	1.01	306,874	448	46	16.99	6.23%	18.38%	32,700	5.59%	41.4%
3295	Hulic Reit, Inc.	-16.69%	4.61%	0.87	224,208	379	62	22.19	4.45%	16.91%	35,900	5.38%	44.4%
3296	NIPPON REIT Investment Corporation	-20.20%	4.61%	0.92	163,550	255	106	26.23	4.93%	19.91%	33,490	8.03%	48.0%
3451	Tosei Reit Investment Corporation	-6.26%	5.48%	0.93	47,104	78	59	28.70	6.02%	15.81%	35,700	6.50%	48.1%
3309	Sekisui House Reit, Inc.	-16.38%	4.40%	0.89	339,425	564	119	12.29	4.16%	17.53%	33,680	5.88%	45.0%
3453	Kenedix Retail REIT Corporation	-9.87%	4.89%	1.03	155,849	254	68	16.15	5.32%	7.61%	32,738	6.03%	44.7%
3455	Healthcare & Medical Investment Corporation	+4.31%	4.28%	1.25	55,687	78	47	16.73	5.50%	10.47%	33,165	5.51%	48.2%
3459	Samty Residential Investment Corporation	+1.68%	4.47%	1.15	97,896	148	159	11.30	5.29%	7.75%	28,425	4.78%	49.7%
3462	Nomura Real Estate Master Fund, Inc.	-7.49%	3.98%	0.95	780,366	1,092	300	20.19	5.08%	18.28%	32,925	4.05%	43.6%
3463	Ichigo Hotel REIT Investment Corporation	-7.44%	1.89%	0.69	22,846	53	24	27.46	3.59%	2.50%	8,480	2.13%	44.3%
3466	LaSalle LOGIPORT REIT	-11.29%	3.77%	1.07	290,241	359	19	11.40	4.86%	17.29%	30,610	4.87%	41.7%
3468	Star Asia Investment Corporation	-0.17%	4.90%	1.10	107,900	180	60	24.76	4.74%	7.64%	29,520	5.21%	46.4%
3470	Marimo Regional Revitalization REIT,Inc.	-2.39%	5.46%	1.00	25,854	40	39	16.45	6.51%	23.38%	36,720	7.36%	48.9%
3471	Mitsui Fudosan Logistics Park Inc.	-14.68%	3.39%	1.15	284,544	342	24	5.43	4.91%	16.39%	33,496	3.97%	33.1%
3472	Ooedo Onsen Reit Investment Corporation	-18.14%	4.37%	0.60	15,933	34	13	41.19	6.76%	17.00%	14,800	3.72%	38.1%
3476	MIRAI Corporation	-5.30%	5.33%	0.97	85,383	164	37	25.76	4.55%	6.34%	25,700	5.65%	48.8%
3478	MORI TRUST Hotel Reit,Inc.	-12.07%	1.73%	0.89	61,200	108	5	15.88	2.13%	17.73%	10,610	2.12%	49.3%
3481	Mitsubishi Estate Logistics REIT Investment Corporation	-8.76%	3.38%	1.24	199,096	216	24	7.35	4.94%	13.95%	29,870	4.40%	32.4%
3487	CRE Logistics REIT,Inc.	0.00%	3.76%	1.19	106,389	135	20	4.61	4.86%	11.97%	35,380	4.74%	44.0%
3488	XYMAX REIT Investment Corporation	+2.37%	5.56%	0.87	31,231	43	18	18.90	5.91%	28.09%	34,790	7.48%	38.1%
3492	Takara Leben Real Estate Investment Corporation	-7.00%	4.93%	1.03	65,723	109	46	19.88	4.89%	5.94%	28,150	6.12%	47.2%
3493	Advance Logistics Investment Corporation	-5.10%	3.81%	1.04	85,998	111	12	4.93	5.00%	17.80%	27,305	4.30%	40.9%
2971	ESCON JAPAN REIT Investment Corporation	-18.66%	5.88%	0.92	40,195	70	38	15.04	5.31%	7.68%	33,580	6.37%	44.1%
2972	SANKEI REAL ESTATE Inc.	-25.36%	5.50%	0.79	45,495	97	14	18.98	4.42%	8.35%	26,795	5.52%	47.5%
2979	SOSiLA Logistics REIT,Inc.	-9.33%	3.79%	1.13	95,358	121	13	4.74	4.87%	11.05%	26,540	4.45%	40.1%
2989	Tokaido REIT,Inc.	+8.94%	5.54%	1.07	20,473	31	9	19.08	5.96%	6.37%	32,085	2.94%	46.3%

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	IIDABASHI GRAND BLOOM	114
4	Shiodome Building	107
5	Tokyo Shiodome Building	83

Unit Price Growth Rankings

1	Healthcare & Medical	+1.44%
2	Japan Real Estate	+1.34%
3	Industrial & Infrastructure	+1.28%