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.	-12.50%	3.96%	0.98	988,276	1,452	71	23.26	4.24%	24.74%	46,000	7.23%	42.0%
8952	Japan Real Estate Investment Corporation	-8.89%	3.95%	0.97	795,111	1,083	73	21.29	4.19%	33.30%	45,400	6.47%	42.0%
8953	Japan Metropolitan Fund Investment Corporation	+6.72%	4.39%	0.95	721,274	1,217	127	21.21	4.39%	13.50%	36,240	4.99%	44.0%
8954	ORIX JREIT Inc.	+10.56%	4.17%	0.93	502,872	691	111	19.79	4.72%	32.83%	38,000	6.67%	43.1%
8955	Japan Prime Realty Investment Corporation	-2.80%	4.17%	0.93	363,471	489	65	24.57	4.53%	27.53%	38,000	6.36%	40.0%
8956	NTT UD REIT Investment Corporation	-11.40%	3.92%	0.95	191,744	273	58	23.85	4.80%	27.54%	26,800	5.63%	45.4%
8957	TOKYU REIT, Inc.	+7.66%	3.73%	0.98	195,031	227	30	25.41	3.82%	41.08%	37,200	7.32%	41.4%
8958	Global One Real Estate Investment Corporation	-3.72%	5.42%	0.81	111,283	202	12	17.32	4.26%	21.01%	47,184	4.80%	47.4%
8960	United Urban Investment Corporation	+13.28%	4.12%	0.95	475,634	685	139	25.26	4.77%	24.75%	37,908	5.31%	43.4%
8961	MORI TRUST Sogo Reit, Inc.	+7.12%	4.02%	0.99	196,680	325	16	22.41	3.05%	14.39%	29,950	4.18%	47.9%
8964	Frontier Real Estate Investment Corporation	+6.30%	4.27%	1.12	278,615	357	40	14.67	5.08%	25.24%	43,960	6.96%	37.4%
8966	HEIWA REAL ESTATE REIT, Inc.	+9.72%	4.06%	1.13	172,294	213	119	22.63	5.02%	26.11%	25,120	6.12%	46.1%
8967	Japan Logistics Fund, Inc.	-5.03%	3.42%	1.00	282,068	291	52	14.99	5.66%	57.33%	51,600	6.52%	43.7%
8968	Fukuoka REIT Corporation	+4.58%	4.18%	0.95	134,444	206	33	19.79	5.16%	22.63%	35,300	5.47%	41.7%
8972	Kenedix Office Investment Corporation	-9.77%	4.62%	0.80	266,407	458	98	26.87	4.77%	26.47%	29,000	5.57%	45.4%
8975	Ichigo Office REIT Investment Corporation	+4.76%	7.04%	0.96	129,998	206	86	29.68	5.32%	23.40%	42,336	5.84%	49.2%
8976	Daiwa Office Investment Corporation	-12.52%	4.36%	0.80	300,824	463	58	24.63	4.39%	30.27%	27,400	6.00%	42.6%
8977	Hankyu Hanshin REIT, Inc.	-1.41%	3.98%	0.87	101,847	174	34	17.27	4.63%	20.14%	29,150	4.83%	43.9%
8984	Daiwa House REIT Investment Corporation	-16.35%	3.91%	0.93	663,752	895	230	12.18	5.06%	23.01%	44,800	4.20%	42.3%
8985	Japan Hotel REIT Investment Corporation	+50.18%	0.81%	1.11	374,335	364	41	24.66	1.72%	35.48%	8,184	0.59%	41.8%
8986	Daiwa Securities Living Investment Corporation	-2.05%	4.00%	0.99	248,472	362	247	14.03	5.27%	27.26%	17,600	5.62%	51.4%
8987	Japan Excellent, Inc.	-3.26%	4.39%	0.77	170,678	293	36	22.85	4.58%	27.82%	28,000	5.50%	43.1%
8963	Invincible Investment Corporation	+56.45%	3.19%	1.07	343,862	491	127	26.66	2.10%	18.21%	11,829	0.83%	49.2%
3226	Nippon Accommodations Fund Inc.	-4.98%	3.49%	1.03	297,552	340	134	16.14	5.27%	45.92%	41,280	6.94%	51.6%
3234	Mori Hills REIT Investment Corporation	+7.38%	4.02%	0.94	290,132	408	11	21.22	3.68%	28.42%	30,450	6.41%	46.6%
3249	Industrial & Infrastructure Fund Investment Corporation	-23.58%	4.17%	1.11	304,499	379	74	21.63	5.49%	24.52%	49,120	6.91%	48.6%
3269	Advance Residence Investment Corporation	-3.99%	3.52%	1.05	450,125	472	277	16.22	5.70%	53.76%	34,350	6.56%	49.0%
8979	Starts Proceed Investment Corporation	+7.02%	4.41%	1.00	65,054	101	109	16.87	5.32%	20.27%	25,400	5.93%	50.4%
3278	Kenedix Residential Next Investment Corporation	-1.35%	4.21%	0.96	211,411	297	178	14.52	5.33%	26.68%	41,605	5.72%	50.5%
3279	Activia Properties Inc.	+2.57%	4.68%	0.87	323,807	542	46	21.75	4.14%	19.15%	37,300	5.64%	46.3%
3281	GLP J-REIT	-19.65%	3.88%	0.99	699,282	839	89	16.44	4.87%	36.93%	46,120	7.91%	44.2%
3282	Comforia Residential REIT, Inc	-3.99%	3.73%	0.97	211,716	283	148	12.36	5.02%	29.50%	44,080	5.26%	50.7%
3283	Nippon Prologis REIT, Inc.	-16.06%	3.29%	1.14	826,224	865	58	8.57	5.16%	31.73%	49,455	4.85%	37.9%
3287	Hoshino Resorts REIT, Inc.	+17.13%	2.20%	1.39	193,969	192	67	21.80	5.00%	8.42%	33,440	3.10%	36.2%
3290	ONE REIT, Inc.	-15.71%	5.09%	0.87	67,412	124	32	32.92	5.16%	15.15%	25,540	6.10%	47.1%
3292	AEON REIT Investment Corporation	+0.89%	4.50%	0.99	300,946	448	46	17.59	6.27%	18.81%	33,100	5.87%	41.2%
3295	Hulic Reit, Inc.	-4.84%	4.43%	0.85	226,368	380	62	22.94	4.41%	18.78%	34,800	5.41%	44.6%
3296	NIPPON REIT Investment Corporation	-12.92%	4.90%	0.82	151,626	255	106	26.83	5.00%	23.18%	33,040	6.13%	48.2%
3451	Tosei Reit Investment Corporation	+2.16%	5.38%	0.90	47,972	78	59	29.30	5.95%	18.23%	35,700	6.39%	47.7%
3309	Sekisui House Reit, Inc.	-7.29%	4.68%	0.82	317,657	555	120	12.84	4.04%	19.13%	33,950	4.85%	45.2%
3453	Kenedix Retail REIT Corporation	-7.33%	5.06%	0.95	150,002	269	70	15.85	5.25%	8.06%	31,500	5.48%	44.9%
3455	Healthcare & Medical Investment Corporation	+27.15%	4.05%	1.31	59,929	79	48	17.01	5.61%	10.34%	33,770	5.72%	48.1%
3459	Samty Residential Investment Corporation	-5.14%	4.94%	0.97	92,847	163	178	11.18	5.24%	9.26%	27,325	5.67%	49.8%
3462	Nomura Real Estate Master Fund, Inc.	-4.46%	4.32%	0.85	717,653	1,085	292	20.76	4.97%	20.45%	32,865	4.35%	43.6%
3463	Ichigo Hotel REIT Investment Corporation	+49.42%	2.47%	0.89	29,373	55	25	28.21	4.07%	2.99%	14,225	2.28%	44.4%
3466	LaSalle LOGIPORT REIT	-13.45%	3.87%	1.03	283,637	359	19	11.99	4.72%	18.66%	30,740	4.70%	41.8%
3468	Star Asia Investment Corporation	-10.61%	5.49%	0.96	103,579	196	63	24.46	4.79%	8.99%	29,610	5.39%	46.3%
3470	Marimo Regional Revitalization REIT,Inc.	-0.24%	5.69%	0.93	29,738	40	40	16.59	6.66%	20.02%	35,995	7.05%	49.0%
3471	Mitsui Fudosan Logistics Park Inc.	-19.88%	3.67%	1.01	261,216	342	24	6.03	4.90%	18.05%	33,318	4.10%	36.5%
3472	Ooedo Onsen Reit Investment Corporation	+1.46%	4.43%	0.57	14,709	33	12	42.11	6.66%	16.40%	13,830	3.38%	34.2%
3476	MIRAI Corporation	-6.75%	5.31%	0.88	79,538	164	37	26.50	4.50%	7.38%	23,850	5.69%	48.6%
3478	MORI TRUST Hotel Reit,Inc.	+15.35%	1.97%	0.98	68,000	108	5	16.49	3.15%	18.30%	13,420	4.44%	48.9%
3481	Mitsubishi Estate Logistics REIT Investment Corporation	-8.31%	3.74%	1.10	208,191	262	32	7.10	4.73%	15.31%	30,920	4.23%	36.0%
3487	CRE Logistics REIT,Inc.	-10.33%	4.06%	1.09	100,968	137	19	5.14	4.75%	14.82%	36,260	4.90%	43.9%
3488	XYMAX REIT Investment Corporation	-3.87%	5.18%	0.83	29,758	43	18	19.50	5.68%	23.71%	30,890	7.53%	41.0%
3492	Takara Leben Real Estate Investment Corporation	-14.66%	5.32%	0.89	63,221	121	54	18.31	4.67%	6.05%	26,320	5.78%	47.6%
3493	Advance Logistics Investment Corporation	-8.44%	3.90%	1.00	96,574	127	13	5.28	5.03%	21.49%	27,890	4.32%	41.1%
2971	ESCON JAPAN REIT Investment Corporation	-13.49%	7.23%	0.99	41,075	70	38	15.64	5.11%	4.78%	42,215	6.50%	43.5%
2972	SANKEI REAL ESTATE Inc.	-21.86%	5.15%	0.73	41,899	97	14	19.58	4.64%	7.80%	23,080	5.75%	47.1%
2979	SOSiLA Logistics REIT,Inc.	-17.50%	4.08%	1.03	96,030	134	16	5.39	4.85%	12.77%	26,940	4.24%	39.0%
2989	Tokaido REIT,Inc.	+15.25%	5.33%	1.13	21,640	32	10	19.27	5.57%	6.75%	32,600	6.43%	45.6%

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	Hoshino Resorts	+2.02%
2	Mitsubishi Estate Logistics	+1.35%
3	XYMAX REIT	+1.27%