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.	+27.24%	2.87%	1.31	982,752	1,105	72	18.99	4.45%	23.39%	40,000	5.24%	40.9%
8952	Japan Real Estate Investment Corporation	+20.08%	3.05%	1.20	869,912	1,023	72	18.39	4.41%	24.81%	38,340	5.18%	40.2%
8953	Japan Retail Fund Investment Corporation	+10.90%	3.96%	1.04	586,174	906	101	16.66	4.84%	17.84%	35,440	5.33%	44.2%
8954	ORIX JREIT Inc.	+16.72%	3.62%	1.10	516,396	669	111	16.34	5.09%	21.38%	33,900	5.48%	42.8%
8955	Japan Prime Realty Investment Corporation	+21.46%	3.40%	1.31	399,659	435	62	22.57	4.65%	17.60%	36,825	5.65%	40.6%
8956	Premier Investment Corporation	+17.09%	4.33%	1.13	169,629	238	57	22.08	4.81%	12.76%	27,900	5.67%	45.5%
8957	TOKYU REIT, Inc.	+17.72%	3.45%	0.97	158,469	225	30	20.69	4.47%	25.56%	28,000	4.76%	42.6%
8958	Global One Real Estate Investment Corporation	+22.36%	3.55%	0.97	107,699	182	11	16.34	3.95%	14.76%	34,520	4.33%	49.5%
8960	United Urban Investment Corporation	+6.43%	4.00%	1.15	530,974	627	120	23.62	5.62%	21.24%	41,700	6.60%	39.5%
8961	MORI TRUST Sogo Reit, Inc.	+8.97%	4.26%	1.16	226,116	324	15	19.82	4.30%	13.38%	36,500	6.00%	47.1%
8964	Frontier Real Estate Investment Corporation	+3.56%	4.65%	1.07	223,944	304	35	12.49	5.50%	23.19%	41,960	6.72%	33.2%
8966	HEIWA REAL ESTATE REIT, Inc.	+22.42%	3.96%	1.03	122,999	173	104	18.62	5.14%	18.72%	19,200	5.20%	44.1%
8967	Japan Logistics Fund, Inc.	+9.10%	4.12%	0.91	202,827	265	46	12.34	5.62%	37.89%	46,200	6.12%	44.7%
8968	Fukuoka REIT Corporation	-0.06%	4.20%	1.06	135,638	196	29	16.23	5.66%	16.16%	35,750	5.57%	39.1%
8972	Kenedix Office Investment Corporation	+11.80%	3.59%	1.14	316,669	417	96	23.39	4.79%	13.95%	26,520	5.28%	41.9%
8975	Ichigo Office REIT Investment Corporation	+32.29%	4.22%	1.30	155,680	203	85	25.83	5.50%	15.98%	29,995	5.73%	47.6%
8976	Daiwa Office Investment Corporation	+23.71%	3.33%	1.10	364,481	463	59	22.33	4.29%	18.43%	24,700	4.63%	41.5%
8977	Hankyu Hanshin REIT, Inc.	+11.22%	4.41%	0.90	98,579	162	28	15.81	4.95%	17.28%	31,300	5.04%	43.5%
8984	Daiwa House REIT Investment Corporation	0.00%	4.08%	1.01	494,276	683	216	10.02	5.33%	12.10%	41,880	3.58%	40.7%
8985	Japan Hotel REIT Investment Corporation	+8.39%	4.39%	1.13	374,526	309	41	20.70	7.06%	38.51%	44,232	6.93%	39.9%
8986	Japan Rental Housing Investments Inc.	+5.13%	4.53%	1.00	141,045	226	198	15.15	5.69%	19.80%	15,600	5.73%	50.9%
8987	Japan Excellent, Inc.	+17.37%	3.54%	1.16	206,431	274	31	22.01	5.01%	14.78%	28,000	4.68%	44.4%
8963	Invincible Investment Corporation	-2.00%	6.99%	0.92	264,075	448	129	20.12	5.81%	21.03%	21,411	8.58%	50.6%
3226	Nippon Accommodations Fund Inc.	+19.83%	3.36%	1.34	269,394	306	124	13.15	5.32%	23.11%	37,400	6.28%	50.1%
3227	MCUBS MidCity Investment Corporation	+20.37%	5.02%	1.06	149,524	268	22	24.23	4.31%	1.87%	22,825	4.00%	42.5%
3234	Mori Hills REIT Investment Corporation	+5.95%	3.93%	1.16	266,994	391	11	17.98	3.81%	11.06%	28,000	5.42%	46.4%
3249	Industrial & Infrastructure Fund Investment Corporation	-1.25%	4.51%	1.17	201,819	276	67	21.24	5.91%	17.53%	42,880	7.17%	50.1%
3269	Advance Residence Investment Corporation	+15.62%	3.47%	1.37	415,800	448	264	12.67	5.65%	28.77%	32,094	6.48%	49.9%
8979	Starts Proceed Investment Corporation	+4.54%	5.21%	0.83	43,139	86	107	15.55	5.45%	11.59%	21,900	5.17%	50.7%
3278	Kenedix Residential Next Investment Corporation	+20.93%	4.29%	1.16	158,964	221	138	13.33	5.61%	15.90%	39,215	11.06%	49.7%
3279	Activia Properties Inc.	+2.33%	4.30%	1.08	355,149	502	45	17.41	4.63%	19.00%	39,566	5.97%	44.8%
3281	GLP J-REIT	+5.63%	4.39%	1.07	453,494	609	76	15.31	5.43%	22.91%	41,528	5.75%	45.1%
3282	Comforia Residential REIT, Inc	+22.48%	3.56%	1.22	179,799	206	117	10.42	5.26%	16.79%	40,160	6.25%	51.0%
3283	Nippon Prologis REIT, Inc.	+1.34%	3.78%	1.11	511,075	579	42	7.48	5.51%	24.30%	44,170	5.12%	36.8%
3287	Hoshino Resorts REIT, Inc.	-4.55%	4.92%	0.96	116,478	147	56	23.29	6.72%	12.53%	51,678	5.33%	32.2%
3290	ONE REIT, Inc.	+10.65%	4.98%	1.07	65,279	102	26	29.62	5.41%	12.67%	27,100	6.72%	46.1%
3292	AEON REIT Investment Corporation	+11.31%	4.70%	0.94	225,723	363	39	14.55	6.51%	14.13%	29,850	5.35%	41.4%
3295	Hulic Reit, Inc.	+10.82%	3.86%	1.08	220,426	307	50	20.03	4.51%	15.46%	34,000	5.50%	43.5%
3296	NIPPON REIT Investment Corporation	+22.33%	4.40%	1.18	175,023	249	88	24.86	5.13%	10.33%	34,224	5.96%	46.0%
3298	Invesco Office J-REIT, Inc.	+10.16%	4.77%	1.02	137,343	220	18	22.89	5.02%	12.65%	30,320	6.82%	49.4%
3308	Nippon Healthcare Investment Corporation	+0.71%	5.00%	0.84	12,635	20	23	10.93	6.23%	25.88%	42,300	4.66%	46.5%
3451	Tosei Reit Investment Corporation	+2.96%	6.55%	0.89	31,471	56	36	25.09	6.12%	14.10%	36,400	6.46%	46.6%
3309	Sekisui House Reit, Inc.	+10.53%	3.98%	1.04	294,196	457	115	9.25	4.38%	10.45%	31,140	5.98%	43.3%
3453	Kenedix Retail REIT Corporation	+8.89%	4.91%	1.04	132,459	210	53	14.43	5.06%	6.60%	32,015	5.46%	44.5%
3455	Healthcare & Medical Investment Corporation	+9.25%	6.13%	0.98	33,898	42	27	15.76	5.64%	7.02%	34,000	5.17%	48.8%
3459	Samty Residential Investment Corporation	+0.85%	7.35%	0.99	47,637	88	92	9.06	5.76%	4.55%	34,740	4.91%	51.2%
3462	Nomura Real Estate Master Fund, Inc.	+10.11%	4.06%	1.01	668,582	965	283	19.19	5.09%	9.89%	31,385	3.72%	44.4%
3463	Ichigo Hotel REIT Investment Corporation	+11.25%	4.90%	0.91	33,784	51	21	25.66	6.49%	11.10%	32,430	5.31%	39.1%
3466	LaSalle LOGIPORT REIT	-3.08%	4.81%	0.98	117,590	190	11	12.60	4.75%	7.66%	25,725	4.94%	43.3%
3468	Star Asia Investment Corporation	+0.29%	6.52%	0.94	56,408	103	34	20.57	5.12%	8.18%	34,000	5.57%	46.2%
3470	Marimo Regional Revitalization REIT,Inc.	+0.19%	6.50%	0.87	14,068	25	26	13.31	7.03%	15.88%	34,550	6.28%	47.8%
3471	Mitsui Fudosan Logistics Park Inc.	-5.20%	3.90%	1.07	122,499	104	13	4.78	5.40%	8.82%	25,584	3.97%	23.9%
3472	Ooedo Onsen Reit Investment Corporation	-4.94%	5.88%	0.79	19,040	37	14	37.82	7.23%	9.42%	23,800	5.43%	40.9%
3473	SAKURA SOGO REIT Investment Corporation	-14.00%	6.10%	0.86	27,606	56	17	22.42	5.65%	5.36%	25,305	6.16%	46.2%
3476	MIRAI Corporation	+1.25%	6.12%	1.01	73,665	145	29	20.70	4.84%	3.28%	28,500	6.19%	48.7%
3478	MORI TRUST Hotel Reit,Inc.	-5.85%	4.42%	1.06	67,650	102	4	11.95	4.21%	13.54%	29,880	6.25%	46.5%
3481	Mitsubishi Estate Logistics REIT Investment Corporation	-9.27%	4.45%	0.92	60,176	83	10	7.10	4.92%	5.71%	21,780	3.64%	25.0%
3487	CRE Logistics REIT,Inc.	-6.82%	5.74%	0.89	23,693	48	7	2.13	5.31%	5.34%	29,400	4.28%	49.3%
3488	XYMAX REIT Investment Corporation	+7.41%	5.53%	0.84	25,892	33	12	16.44	6.43%	24.77%	32,050	2.61%	33.0%
3492	Takara Leben Real Estate Investment Corporation	+3.57%	6.78%		32,097	64	27	25.89	5.40%		31,500
3493	ITOCHU Advance Logistics Investment Corporation	-7.93%	4.99%		31,107	54	7	2.45			21,740
2971	ESCON JAPAN REIT Investment Corporation	+2.74%	6.21%		23,984	42	24	17.04			31,410

What's New

Sep. 27, 2018
9285 Tokyo Infrastructure Energy Investment Corporation 9/27 Listing on TSE REIT Market
Sep. 7, 2018
3493 ITOCHU Advance Logistics Investment Corporation 9/7 Listing on TSE REIT Market
Jul. 27, 2018
3492 Takara Leben Real Estate Investment Corporation 7/27 Listing on TSE REIT Market
Feb. 15, 2018
3488 XYMAX REIT Investment Corporation 2/15 Listing on TSE REIT Market
Feb. 7, 2018
3487 CRE Logistics REIT,Inc 2/7 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	Roppongi Hills Mori Tower	115
2	Tokyo Shiodome Building	110
3	Shiodome Building	107
4	Kitanomaru Square	82
5	Shiodome Building	72

Unit Price Growth Rankings

1	Ichigo Office REIT	+0.99%
2	Nippon Building	+0.72%
3	United Urban	+0.58%