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.	-10.28%	3.26%	1.13	800,604	1,107	74	19.12	4.31%	18.85%	36,980	4.92%	41.5%
8952	Japan Real Estate Investment Corporation	-8.47%	3.21%	1.15	721,430	944	69	18.27	4.41%	19.46%	35,340	4.78%	41.1%
8953	Japan Retail Fund Investment Corporation	-17.37%	4.31%	0.99	535,573	880	96	15.63	5.03%	14.30%	34,640	5.65%	44.4%
8954	ORIX JREIT Inc.	-12.04%	3.89%	1.02	424,780	640	110	15.06	5.11%	16.18%	30,800	5.95%	46.3%
8955	Japan Prime Realty Investment Corporation	-18.33%	3.84%	1.23	347,510	435	62	21.17	4.77%	12.24%	36,100	5.80%	40.7%
8956	Premier Investment Corporation	-18.59%	4.56%	1.02	143,026	249	59	21.12	4.85%	9.19%	24,750	5.40%	43.7%
8957	TOKYU REIT, Inc.	-0.81%	3.91%	0.91	132,465	222	28	19.37	4.21%	16.65%	26,500	5.14%	42.5%
8958	Global One Real Estate Investment Corporation	-5.08%	4.17%	0.77	83,627	182	11	14.95	3.95%	13.06%	31,160	3.79%	55.5%
8960	United Urban Investment Corporation	-9.12%	4.08%	1.16	505,617	624	124	23.08	5.82%	16.88%	40,500	5.86%	42.3%
8961	MORI TRUST Sogo Reit, Inc.	-3.25%	4.87%	1.32	231,924	316	14	18.25	4.32%	7.03%	42,750	5.94%	48.0%
8964	Frontier Real Estate Investment Corporation	-7.11%	4.35%	1.14	229,896	293	33	11.48	5.61%	21.10%	40,320	6.61%	31.4%
8966	HEIWA REAL ESTATE REIT, Inc.	+5.34%	4.57%	0.81	90,017	166	100	17.20	5.13%	13.63%	16,200	4.36%	44.3%
8967	Japan Logistics Fund, Inc.	-9.24%	4.10%	0.92	184,888	241	43	11.81	5.98%	39.43%	43,100	5.54%	34.2%
8968	Fukuoka REIT Corporation	-14.10%	4.31%	1.07	120,192	178	26	15.86	5.76%	12.86%	34,700	9.04%	38.1%
8972	Kenedix Office Investment Corporation	-1.10%	3.89%	1.06	253,863	400	99	23.10	4.63%	8.65%	24,400	4.50%	42.6%
8973	Sekisui House Residential Investment Corporation	-7.43%	3.94%	1.00	124,038	207	113	10.13	5.10%	13.00%	22,100	4.95%	50.3%
8975	Ichigo Office REIT Investment Corporation	-1.19%	5.17%	1.05	114,615	197	85	24.47	5.48%	11.17%	27,090	5.18%	45.7%
8976	Daiwa Office Investment Corporation	-9.65%	3.84%	0.91	279,802	473	54	21.65	3.92%	12.50%	21,570	4.19%	42.2%
8977	Hankyu REIT, Inc.	-3.53%	4.26%	0.90	80,005	142	23	17.33	4.66%	13.23%	28,500	4.44%	44.6%
8984	Daiwa House REIT Investment Corporation	-3.89%	3.69%	1.15	463,060	578	199	9.31	5.33%	9.43%	40,400	2.68%	41.9%
8985	Japan Hotel REIT Investment Corporation	-13.89%	4.99%	1.00	288,380	319	44	19.21	7.34%	39.94%	43,080	6.64%	39.7%
8986	Japan Rental Housing Investments Inc.	-4.83%	4.69%	1.02	132,517	227	200	13.80	5.73%	14.63%	15,164	5.62%	51.2%
8987	Japan Excellent, Inc.	-9.05%	4.09%	1.09	174,572	295	31	20.33	4.72%	7.20%	27,350	4.86%	46.4%
8963	Invincible Investment Corporation	-19.18%	7.04%	0.84	171,614	298	125	18.42	5.72%	24.26%	20,557	6.82%	53.5%
3226	Nippon Accommodations Fund Inc.	-2.44%	3.74%	1.17	212,705	302	121	11.87	5.31%	16.31%	32,800	5.97%	50.1%
3227	MCUBS MidCity Investment Corporation	+7.26%	4.75%	0.84	100,853	238	19	23.97	4.16%	-2.15%	16,150	3.99%	42.2%
3234	Mori Hills REIT Investment Corporation	-8.29%	3.83%	1.26	243,864	353	11	17.91	3.82%	5.59%	26,700	5.06%	44.7%
3249	Industrial & Infrastructure Fund Investment Corporation	-8.00%	4.22%	1.28	191,830	247	59	20.55	5.79%	17.44%	40,744	7.27%	52.7%
3269	Advance Residence Investment Corporation	-0.07%	3.77%	1.33	368,955	443	260	11.36	5.49%	23.11%	30,894	5.72%	49.6%
8979	Starts Proceed Investment Corporation	-9.61%	5.52%	0.78	38,876	82	111	14.55	5.60%	8.95%	20,875	5.25%	48.9%
3278	Kenedix Residential Investment Corporation	+0.46%	4.80%	0.95	98,827	165	115	11.13	5.50%	15.19%	34,000	5.55%	48.9%
3279	Activia Properties Inc.	-9.98%	3.84%	1.21	320,966	408	39	15.67	4.65%	15.63%	37,030	5.92%	46.0%
3281	GLP J-REIT	-12.44%	4.28%	1.12	329,245	438	61	13.43	5.42%	19.70%	39,472	5.86%	48.7%
3282	Comforia Residential REIT, Inc	-3.07%	4.01%	1.09	131,904	189	111	9.46	5.32%	15.79%	37,520	5.44%	51.6%
3283	Nippon Prologis REIT, Inc.	-3.78%	3.73%	1.22	492,022	517	37	6.75	5.51%	22.03%	44,585	6.33%	39.0%
3287	Hoshino Resorts REIT, Inc.	-14.11%	4.30%	1.04	95,659	114	49	20.41	6.90%	12.82%	47,694	5.14%	34.9%
3290	ONE REIT, Inc.	+7.33%	5.96%	0.82	38,655	89	22	24.96	5.03%	8.07%	24,360	5.40%	51.3%
3292	AEON REIT Investment Corporation	-10.32%	5.18%	0.89	184,858	331	35	12.77	6.40%	11.71%	29,275	5.47%	42.7%
3295	Hulic Reit, Inc.	-4.72%	3.98%	1.07	174,933	250	43	17.12	4.73%	13.75%	33,300	5.14%	39.8%
3296	NIPPON REIT Investment Corporation	+26.18%	5.41%	1.00	125,559	206	65	24.85	5.03%	7.97%	34,672	5.77%	45.7%
3298	Invesco Office J-REIT, Inc.	+21.32%	5.38%	0.93	87,335	162	14	19.74	5.07%	9.40%	29,070	7.30%	49.5%
3308	Nippon Healthcare Investment Corporation	-10.33%	5.05%	0.81	12,120	19	22	9.72	6.23%	23.67%	41,000	4.77%	46.1%
3451	Tosei Reit Investment Corporation	-2.89%	6.00%	0.86	19,712	36	23	23.31	6.36%	11.26%	32,305	6.84%	46.4%
3309	Sekisui House Reit, Inc.	-16.33%	4.17%	0.91	125,582	201	6	6.75	4.20%	15.62%	27,000	4.69%	40.8%
3453	Kenedix Retail REIT Corporation	-4.43%	5.06%	1.00	121,696	205	51	12.84	5.39%	5.09%	30,345	5.29%	40.4%
3455	Healthcare & Medical Investment Corporation	-11.41%	5.07%	0.86	18,442	38	24	13.91	5.58%	6.78%	24,230	4.48%	50.2%
3459	Samty Residential Investment Corporation	+1.82%	6.36%	0.86	23,744	52	49	8.50	5.69%	3.49%	26,700	4.55%	51.5%
3460	Japan Senior Living Investment Corporation	-6.43%	5.17%	0.67	11,467	28	14	17.42	6.05%	5.14%	17,500	3.84%	42.3%
3462	Nomura Real Estate Master Fund, Inc.	-11.42%	4.09%	0.98	603,626	927	268	19.17	5.12%	7.07%	29,500	3.14%	45.1%
3463	Ichigo Hotel REIT Investment Corporation	-25.28%	5.99%	0.78	27,561	51	21	24.28	6.38%	7.14%	32,055	4.90%	36.6%
3466	LaSalle LOGIPORT REIT	+3.02%	4.33%	1.04	120,230	173	9	12.09	5.33%	5.70%	23,690	5.07%	34.3%
3468	Star Asia Investment Corporation	+15.51%	6.70%	0.95	41,969	75	23	19.57	5.28%	6.59%	33,945	6.14%	44.8%
3470	Marimo Regional Revitalization REIT,Inc.	+17.27%	6.75%	0.84	9,142	17	18	13.63	7.37%	16.87%	33,915	6.50%	49.8%
3471	Mitsui Fudosan Logistics Park Inc.	+1.87%	3.36%	1.20	73,248	79	10	3.67	5.84%	3.88%	21,958	2.04%	24.5%
3472	Ooedo Onsen Reit Investment Corporation	+0.57%	5.28%	0.93	15,611	27	9	34.21	7.23%	3.78%	23,410	5.51%	39.9%
3473	SAKURA SOGO REIT Investment Corporation	+12.28%	7.51%	0.95	29,537	57	18	21.24	6.02%	3.10%	33,300	1.87%	48.0%
3476	MIRAI Corporation	+3.10%	5.89%	0.95	50,878	101	15	20.51	4.82%	1.71%	25,500	3.97%	47.0%
3478	MORI TRUST Hotel Reit,Inc.	-1.99%	4.22%	1.22	71,350	102	4	10.55	4.33%	8.41%	30,100	3.09%	47.1%
3481	Mitsubishi Estate Logistics REIT Investment Corporation	-0.75%	3.99%		57,041	71	8	6.61			22,098

What's New

Sep. 14, 2017
3481 Mitsubishi Estate Logistics REIT Investment Corporation 9/14 Listing on TSE REIT Market
Feb. 7, 2017
3478 MORI TRUST Hotel Reit,Inc. 2/7 Listing on TSE REIT Market
Dec. 16, 2016
3476 MIRAI Corporation, 12/16 Listing on TSE REIT Market
Sep. 8, 2016
3473 SAKURA SOGO REIT Investment Corporation, 9/8 Listing on TSE REIT Market
Aug. 31, 2016
3472 Ooedo Onsen Reit Investment Corporation, 8/31 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)

Unit Price Growth Rankings

1	Tosei Reit	+0.84%
2	Kenedix Office	+0.80%
3	AEON REIT	+0.80%