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.	+11.08%	3.60%	1.11	1,133,711	1,468	67	23.63	3.98%	25.71%	48,000	6.33%	42.4%
8952	Japan Real Estate Investment Corporation	+5.41%	4.34%	0.94	803,918	1,167	77	21.89	3.93%	32.51%	49,000	6.94%	42.8%
8953	Japan Metropolitan Fund Investment Corporation	+5.09%	5.68%	0.84	698,422	1,304	145	22.69	4.38%	17.73%	44,160	4.99%	44.2%
8954	ORIX JREIT Inc.	+6.14%	4.93%	0.86	491,280	757	117	20.22	4.96%	36.18%	43,900	6.52%	43.4%
8955	Japan Prime Realty Investment Corporation	+4.87%	4.49%	0.90	354,497	534	66	25.09	4.41%	27.17%	39,895	6.34%	42.8%
8956	NTT UD REIT Investment Corporation	+9.17%	4.59%	0.92	197,555	305	62	25.10	4.84%	25.06%	30,600	5.81%	47.8%
8957	TOKYU REIT, Inc.	+11.96%	4.50%	0.85	173,915	253	29	25.44	4.08%	38.90%	40,000	7.43%	43.2%
8958	Global One Real Estate Investment Corporation	+13.35%	6.84%	0.85	120,433	187	13	18.36	4.24%	22.64%	66,016	5.51%	45.2%
8960	United Urban Investment Corporation	-0.73%	5.10%	0.89	459,084	702	142	26.86	5.54%	26.85%	45,900	7.02%	45.0%
8961	MORI TRUST Reit, Inc.	-13.52%	5.27%	0.84	225,348	464	20	22.04	3.59%	10.17%	33,380	5.76%	47.4%
8964	Frontier Real Estate Investment Corporation	-11.51%	5.45%	0.81	218,294	375	43	16.00	4.82%	32.33%	44,000	7.34%	38.3%
8966	HEIWA REAL ESTATE REIT, Inc.	-7.09%	5.95%	0.90	156,536	244	128	24.49	4.83%	25.98%	31,200	6.54%	45.8%
8967	Japan Logistics Fund, Inc.	+3.44%	4.62%	0.88	257,157	292	54	17.11	5.63%	62.53%	64,500	7.61%	44.0%
8968	Fukuoka REIT Corporation	-8.96%	5.31%	0.80	132,980	232	37	19.57	5.21%	27.59%	40,500	6.26%	44.8%
8972	KDX Investment Corporation	-4.09%	5.25%	0.84	611,896	1,203	354	21.12	4.47%	11.18%	31,492	5.31%	44.2%
8975	Ichigo Office REIT Investment Corporation	+5.82%	6.37%	0.91	132,791	222	88	31.89	5.13%	25.05%	38,073	7.61%	50.6%
8976	Daiwa Office Investment Corporation	+7.02%	4.54%	0.76	288,664	471	59	26.24	4.27%	31.62%	27,680	5.83%	44.7%
8977	Hankyu Hanshin REIT, Inc.	+4.99%	4.55%	0.81	101,013	165	35	19.74	4.61%	23.98%	33,050	5.04%	47.5%
8984	Daiwa House REIT Investment Corporation	-7.56%	4.96%	0.72	552,923	911	229	13.90	4.88%	29.71%	47,800	3.92%	43.6%
8985	Japan Hotel REIT Investment Corporation	-12.22%	6.40%	0.82	355,261	515	51	26.03	6.81%	39.94%	53,532	6.43%	41.1%
8986	Daiwa Securities Living Investment Corporation	-13.83%	5.27%	0.78	219,027	399	246	13.64	4.93%	27.60%	19,200	6.59%	51.2%
8987	Japan Excellent, Inc.	+1.89%	4.48%	0.79	171,149	282	32	21.56	4.65%	27.44%	29,000	4.98%	43.9%
8963	Invincible Investment Corporation	-17.48%	6.86%	0.88	440,436	653	145	32.00	7.30%	27.98%	25,966	8.55%	47.5%
3226	Nippon Accommodations Fund Inc.	-10.09%	3.92%	0.90	291,510	348	140	18.35	5.40%	57.92%	45,380	7.27%	51.0%
3234	Mori Hills REIT Investment Corporation	-2.30%	4.69%	0.84	252,764	402	11	23.46	3.53%	27.11%	30,950	5.94%	45.8%
3249	Industrial & Infrastructure Fund Investment Corporation	-11.33%	5.79%	0.81	291,918	526	109	22.75	5.28%	24.06%	53,280	7.10%	50.9%
3269	Advance Residence Investment Corporation	-11.56%	4.07%	0.88	423,308	498	291	17.80	5.57%	59.49%	36,060	5.92%	48.6%
8979	Starts Proceed Investment Corporation	-16.60%	5.37%	0.71	49,377	100	107	18.39	5.34%	21.97%	23,450	5.59%	51.3%
3279	Activia Properties Inc.	-13.81%	5.14%	0.76	269,316	542	45	22.80	3.91%	17.66%	34,964	5.02%	47.3%
3281	GLP J-REIT	-2.60%	5.15%	0.80	592,040	886	88	17.18	4.79%	35.93%	50,840	5.96%	44.6%
3282	Comforia Residential REIT, Inc	-16.38%	4.19%	0.84	216,311	333	172	14.07	4.87%	31.73%	46,440	5.52%	50.9%
3283	Nippon Prologis REIT, Inc.	-9.19%	4.71%	0.80	675,658	960	61	10.08	5.14%	41.69%	56,020	4.92%	38.0%
3287	Hoshino Resorts REIT, Inc.	-24.48%	4.78%	0.71	122,556	231	70	20.55	5.39%	13.08%	40,040	3.74%	38.6%
3290	ONE REIT, Inc.	-7.27%	5.94%	0.85	65,452	124	29	33.77	5.07%	14.50%	28,940	5.95%	48.5%
3292	AEON REIT Investment Corporation	-7.13%	5.38%	0.80	265,554	482	52	19.25	6.11%	23.09%	34,000	5.58%	41.8%
3295	Hulic Reit, Inc.	-2.93%	5.48%	0.78	210,240	409	66	23.04	4.27%	19.47%	40,000	5.20%	45.7%
3296	NIPPON REIT Investment Corporation	-3.68%	5.50%	0.78	148,190	256	108	27.00	4.98%	26.65%	36,896	7.49%	48.3%
3451	Tosei Reit Investment Corporation	-10.79%	5.72%	0.84	48,864	83	62	31.26	6.06%	20.97%	37,100	6.53%	47.7%
3309	Sekisui House Reit, Inc.	-2.33%	5.68%	0.91	346,692	562	134	12.27	4.18%	17.89%	45,200	7.96%	45.3%
3455	Healthcare & Medical Investment Corporation	-14.92%	5.68%	0.80	39,761	83	54	19.02	5.43%	15.05%	31,400	5.26%	50.6%
3459	Samty Residential Investment Corporation	-13.08%	5.76%	0.76	79,900	172	191	12.33	5.27%	12.90%	26,980	6.12%	51.0%
3462	Nomura Real Estate Master Fund, Inc.	-2.52%	4.97%	0.75	666,289	1,102	288	21.40	4.96%	25.03%	35,665	5.79%	44.1%
3463	Ichigo Hotel REIT Investment Corporation	+2.71%	5.92%	0.79	38,414	68	29	25.17	7.14%	13.24%	34,730	15.29%	41.4%
3466	LaSalle LOGIPORT REIT	-11.02%	5.27%	0.85	252,944	378	23	13.36	4.76%	23.59%	36,830	5.56%	42.1%
3468	Star Asia Investment Corporation	-11.48%	6.05%	0.85	145,098	277	74	20.88	5.21%	14.29%	32,690	6.20%	47.5%
3470	Marimo Regional Revitalization REIT,Inc.	-22.04%	5.98%	0.72	28,881	62	60	17.13	6.20%	17.32%	30,670	6.39%	48.5%
3471	Mitsui Fudosan Logistics Park Inc.	-8.92%	4.88%	0.82	322,936	577	49	7.56	4.82%	23.34%	39,179	3.96%	41.4%
3472	Nippon Hotel & Residential Investment Corporation	-17.60%	5.96%	0.66	20,528	49	23	36.49	6.39%	17.93%	19,660	4.07%	35.6%
3476	MIRAI Corporation	-7.65%	5.94%	0.81	80,589	178	44	27.82	4.66%	8.84%	25,100	5.45%	48.8%
3481	Mitsubishi Estate Logistics REIT Investment Corporation	-10.04%	4.72%	0.88	177,327	272	35	8.75	4.67%	17.58%	33,246	5.98%	40.0%
3487	CRE Logistics REIT,Inc.	-3.73%	5.33%	0.78	88,565	158	21	6.65	4.51%	20.33%	37,820	5.21%	44.4%
3488	XYMAX REIT Investment Corporation	-8.27%	5.72%	0.74	27,412	44	18	21.16	5.78%	26.40%	31,410	6.27%	40.7%
3492	Takara Leben Real Estate Investment Corporation	-15.32%	6.30%	0.82	78,057	174	80	17.95	4.71%	5.22%	27,000	5.33%	47.8%
2971	ESCON JAPAN REIT Investment Corporation	-10.56%	6.21%	0.84	40,611	70	37	15.71	5.25%	13.26%	34,980	6.14%	42.9%
2972	SANKEI REAL ESTATE Inc.	-2.76%	5.20%	0.76	41,151	96	17	16.82	4.02%	4.77%	22,900	4.34%	47.9%
2979	SOSiLA Logistics REIT,Inc.	-10.23%	5.48%	0.77	79,807	146	18	7.41	4.66%	19.02%	30,045	4.50%	42.4%
2989	Tokaido REIT,Inc.	-18.62%	6.43%	0.90	32,544	61	29	18.00	5.59%	7.42%	33,025	6.27%	48.1%

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	Mitsubishi Estate Logistics	+2.00%
2	Hoshino Resorts	+1.95%
3	GLP J-REIT	+1.06%