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.	+5.43%	3.74%	1.07	1,090,335	1,458	67	23.88	4.05%	25.47%	48,000	6.59%	42.4%
8952	Japan Real Estate Investment Corporation	-1.06%	4.31%	0.95	799,650	1,138	76	21.90	3.97%	30.87%	48,500	6.88%	44.0%
8953	Japan Metropolitan Fund Investment Corporation	-7.92%	6.04%	0.79	652,388	1,300	145	22.41	4.38%	17.73%	43,840	4.99%	44.2%
8954	ORIX JREIT Inc.	-2.68%	4.69%	0.81	460,644	723	117	20.54	4.96%	36.18%	39,150	6.52%	43.4%
8955	Japan Prime Realty Investment Corporation	-6.75%	4.78%	0.84	330,565	513	67	25.34	4.46%	26.22%	39,575	5.52%	42.9%
8956	NTT UD REIT Investment Corporation	-11.72%	4.80%	0.79	167,470	307	61	25.15	4.88%	23.99%	27,100	5.70%	47.8%
8957	TOKYU REIT, Inc.	-11.79%	4.60%	0.77	155,047	253	29	25.02	4.28%	37.17%	36,500	7.64%	44.6%
8958	Global One Real Estate Investment Corporation	-8.64%	5.74%	0.71	100,815	199	14	18.09	4.07%	22.54%	46,184	6.44%	45.9%
8960	United Urban Investment Corporation	-7.24%	5.33%	0.85	436,901	703	140	26.50	5.32%	26.01%	45,060	6.16%	44.8%
8961	MORI TRUST Reit, Inc.	-16.42%	5.53%	0.82	219,296	462	20	21.62	3.59%	10.17%	34,090	5.76%	47.4%
8964	Frontier Real Estate Investment Corporation	-11.14%	5.40%	0.81	215,859	365	42	15.96	4.92%	31.34%	43,060	7.36%	38.2%
8966	HEIWA REAL ESTATE REIT, Inc.	-14.62%	5.76%	0.83	143,033	238	128	23.99	4.86%	26.07%	27,560	6.60%	46.9%
8967	Japan Logistics Fund, Inc.	-6.75%	4.13%	0.85	248,032	289	52	16.81	5.57%	60.61%	55,000	7.46%	43.7%
8968	Fukuoka REIT Corporation	-12.86%	5.43%	0.76	125,219	220	35	20.26	5.21%	27.59%	39,000	6.26%	44.8%
8972	KDX Investment Corporation	-10.52%	5.23%	0.85	613,936	1,198	355	21.03	4.59%	10.87%	31,472	10.24%	44.0%
8975	Ichigo Office REIT Investment Corporation	-6.24%	5.76%	0.87	123,928	225	92	31.32	5.27%	25.60%	32,116	6.53%	49.8%
8976	Daiwa Office Investment Corporation	-10.40%	4.48%	0.77	292,694	474	59	25.85	4.31%	31.22%	27,400	5.01%	43.9%
8977	Hankyu Hanshin REIT, Inc.	-15.05%	5.11%	0.69	84,397	180	35	19.10	4.53%	21.87%	31,000	4.80%	47.6%
8984	Daiwa House REIT Investment Corporation	-13.20%	5.10%	0.71	543,354	915	230	13.56	4.88%	29.71%	48,000	3.92%	43.6%
8985	Japan Hotel REIT Investment Corporation	-3.96%	5.62%	0.89	346,087	453	51	25.07	5.89%	34.13%	45,780	5.36%	40.8%
8986	Daiwa Securities Living Investment Corporation	-16.67%	5.30%	0.78	217,824	398	247	13.40	5.02%	27.58%	19,200	6.20%	51.3%
8987	Japan Excellent, Inc.	-9.29%	4.72%	0.73	157,404	297	35	21.87	4.58%	25.54%	28,100	5.65%	45.6%
8963	Invincible Investment Corporation	+5.60%	5.76%	1.00	490,138	653	145	31.59	6.88%	32.22%	24,264	8.84%	47.7%
3226	Nippon Accommodations Fund Inc.	-3.61%	3.79%	0.94	295,538	343	137	17.97	5.40%	54.80%	44,460	7.60%	51.2%
3234	Mori Hills REIT Investment Corporation	-10.99%	4.92%	0.80	240,499	403	11	23.05	3.61%	27.09%	30,850	6.19%	46.0%
3249	Industrial & Infrastructure Fund Investment Corporation	-15.51%	5.97%	0.84	292,933	515	108	22.96	5.42%	21.64%	55,120	7.08%	50.8%
3269	Advance Residence Investment Corporation	-9.40%	4.00%	0.89	425,171	494	288	17.46	5.62%	58.79%	35,595	6.39%	48.5%
8979	Starts Proceed Investment Corporation	-15.56%	5.40%	0.71	48,897	102	109	18.04	5.36%	20.61%	23,350	5.77%	52.4%
3279	Activia Properties Inc.	-19.81%	5.42%	0.75	262,979	542	45	22.40	3.94%	17.30%	36,000	5.51%	47.3%
3281	GLP J-REIT	-8.11%	4.69%	0.83	627,399	885	88	16.78	4.79%	35.93%	48,080	5.96%	44.6%
3282	Comforia Residential REIT, Inc	-7.44%	3.92%	0.89	228,250	321	168	13.70	4.89%	32.24%	45,920	5.92%	51.5%
3283	Nippon Prologis REIT, Inc.	-8.83%	4.06%	0.86	714,835	917	59	9.97	5.15%	39.83%	51,145	4.92%	37.8%
3287	Hoshino Resorts REIT, Inc.	-28.87%	4.14%	0.77	129,176	228	69	20.37	5.31%	12.63%	36,480	3.71%	38.8%
3290	ONE REIT, Inc.	-12.62%	6.04%	0.80	61,694	124	32	34.76	5.07%	14.50%	27,740	5.95%	48.5%
3292	AEON REIT Investment Corporation	-11.02%	5.28%	0.82	269,317	475	48	18.86	6.00%	21.67%	33,500	5.36%	41.1%
3295	Hulic Reit, Inc.	-12.30%	5.25%	0.71	191,952	393	67	21.97	4.27%	19.47%	35,000	5.20%	45.7%
3296	NIPPON REIT Investment Corporation	-8.62%	5.81%	0.74	143,078	252	106	28.43	4.93%	25.50%	36,932	7.29%	48.2%
3451	Tosei Reit Investment Corporation	-7.32%	5.92%	0.82	47,207	83	62	30.85	6.10%	20.17%	37,100	6.47%	47.7%
3309	Sekisui House Reit, Inc.	-7.89%	6.25%	0.85	322,039	534	135	12.68	4.06%	18.67%	45,940	3.43%	45.5%
3455	Healthcare & Medical Investment Corporation	-24.65%	5.92%	0.77	38,359	82	53	18.66	5.51%	15.01%	31,575	5.47%	49.9%
3459	Samty Residential Investment Corporation	-15.12%	5.67%	0.75	78,962	171	191	12.19	5.25%	13.48%	26,250	4.73%	50.0%
3462	Nomura Real Estate Master Fund, Inc.	-16.21%	4.89%	0.75	663,244	1,113	295	21.38	4.96%	25.03%	34,775	5.79%	44.1%
3463	Ichigo Hotel REIT Investment Corporation	+35.90%	9.27%	0.97	46,733	70	30	28.65	6.19%	12.18%	66,170	4.90%	43.3%
3466	LaSalle LOGIPORT REIT	-2.69%	5.07%	0.88	269,746	381	23	12.96	4.76%	23.59%	36,600	5.56%	42.1%
3468	Star Asia Investment Corporation	-13.10%	6.13%	0.85	135,425	276	74	20.48	5.01%	12.16%	30,910	5.77%	47.1%
3470	Marimo Regional Revitalization REIT,Inc.	-12.07%	6.19%	0.81	31,387	62	60	16.73	6.21%	19.13%	34,505	6.26%	48.7%
3471	Mitsui Fudosan Logistics Park Inc.	-14.44%	4.82%	0.83	326,799	400	30	7.08	4.80%	22.75%	39,179	4.03%	40.6%
3472	Nippon Hotel & Residential Investment Corporation	+3.69%	5.56%	0.60	15,862	36	15	41.17	6.47%	16.89%	18,745	3.49%	36.0%
3476	MIRAI Corporation	-6.67%	5.97%	0.78	77,347	178	43	27.62	4.58%	8.61%	24,200	5.17%	49.0%
3481	Mitsubishi Estate Logistics REIT Investment Corporation	-8.15%	5.05%	0.87	175,968	272	35	8.35	4.67%	17.58%	35,320	5.98%	40.0%
3487	CRE Logistics REIT,Inc.	-11.25%	5.24%	0.80	90,138	160	21	6.26	4.51%	19.40%	37,615	4.89%	44.2%
3488	XYMAX REIT Investment Corporation	-5.12%	6.12%	0.75	27,761	44	18	20.74	5.78%	26.40%	34,010	6.27%	40.7%
3492	Takara Leben Real Estate Investment Corporation	-15.03%	6.29%	0.82	78,239	173	80	17.75	4.71%	5.22%	27,000	5.33%	47.8%
2971	ESCON JAPAN REIT Investment Corporation	-5.46%	6.11%	0.86	40,611	70	37	15.30	4.93%	11.18%	34,400	5.81%	43.1%
2972	SANKEI REAL ESTATE Inc.	-15.49%	5.96%	0.66	35,686	96	17	16.41	4.02%	4.77%	22,760	4.34%	47.9%
2979	SOSiLA Logistics REIT,Inc.	-9.51%	5.06%	0.77	79,589	143	17	7.13	4.68%	18.54%	27,700	4.46%	42.4%
2989	Tokaido REIT,Inc.	-15.72%	6.25%	0.94	29,705	53	22	17.86	5.63%	5.87%	33,325	6.25%	46.9%

What's New

Oct. 11, 2024
J-REIT市況月次レポート　2024年9月
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

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 Prologis	+1.86%
2	Daiwa House REIT	+1.82%
3	CRE Logistics	+1.77%