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.	+6.49%	3.49%	1.15	1,205,810	1,505	69	23.71	4.16%	25.96%	48,680	6.66%	42.6%
8952	Japan Real Estate Investment Corporation	+9.79%	4.07%	1.03	885,733	1,157	77	22.21	4.05%	32.72%	50,720	6.97%	43.5%
8953	Japan Metropolitan Fund Investment Corporation	+19.70%	5.19%	0.95	817,103	1,279	145	22.97	4.56%	19.62%	47,200	6.16%	45.4%
8954	ORIX JREIT Inc.	+31.88%	4.72%	0.95	549,240	766	119	20.45	5.02%	37.44%	47,000	6.34%	43.2%
8955	Japan Prime Realty Investment Corporation	+21.65%	3.96%	1.04	406,550	534	66	25.50	4.42%	26.04%	40,850	7.62%	43.6%
8956	NTT UD REIT Investment Corporation	+21.02%	4.58%	0.94	201,148	299	61	25.28	4.65%	25.42%	31,400	6.24%	48.0%
8957	TOKYU REIT, Inc.	+28.47%	4.08%	0.94	188,717	250	29	25.70	4.08%	38.90%	40,000	7.43%	43.2%
8958	Global One Real Estate Investment Corporation	+39.50%	4.97%	0.99	136,322	184	14	18.81	4.09%	25.26%	55,696	7.45%	44.4%
8960	United Urban Investment Corporation	+31.70%	4.61%	1.04	550,962	711	143	26.90	5.43%	28.97%	49,800	6.63%	45.3%
8961	MORI TRUST Reit, Inc.	+20.76%	4.59%	0.99	271,272	464	20	22.45	3.75%	11.13%	35,000	5.90%	47.3%
8964	Frontier Real Estate Investment Corporation	+6.21%	4.94%	0.88	240,745	375	43	16.41	4.92%	31.96%	44,000	6.75%	40.2%
8966	HEIWA REAL ESTATE REIT, Inc.	+20.53%	5.24%	1.02	189,607	256	133	24.78	4.73%	27.09%	31,760	7.79%	48.0%
8967	Japan Logistics Fund, Inc.	+6.75%	4.39%	0.93	269,124	293	54	17.51	5.63%	62.53%	64,500	7.61%	44.0%
8968	Fukuoka REIT Corporation	+31.46%	4.23%	0.97	164,468	232	37	19.99	5.29%	29.87%	40,000	7.05%	42.5%
8972	KDX Investment Corporation	+13.71%	4.89%	0.95	683,432	1,181	341	21.46	4.58%	11.37%	33,084	5.38%	44.8%
8975	Ichigo Office REIT Investment Corporation	+13.80%	4.30%	0.98	146,164	220	87	32.27	5.27%	27.17%	28,315	9.72%	50.3%
8976	Daiwa Office Investment Corporation	+18.20%	3.88%	0.89	340,007	472	59	26.66	4.39%	32.74%	28,000	5.70%	44.6%
8977	Hankyu Hanshin REIT, Inc.	+41.93%	3.75%	0.94	120,478	175	36	20.87	4.73%	25.54%	32,500	5.61%	47.5%
8984	Daiwa House REIT Investment Corporation	+10.97%	5.12%	0.76	587,581	910	230	14.31	4.99%	30.76%	52,400	5.24%	43.2%
8985	Japan Hotel REIT Investment Corporation	+26.10%	5.43%	1.04	453,124	515	51	26.44	6.81%	39.94%	57,960	6.43%	41.1%
8986	Daiwa Securities Living Investment Corporation	+12.75%	4.45%	0.93	257,454	399	243	13.72	5.02%	27.52%	19,200	7.64%	50.9%
8987	Japan Excellent, Inc.	+20.96%	4.16%	0.87	186,217	294	33	21.67	4.74%	27.07%	30,000	6.15%	45.1%
8963	Invincible Investment Corporation	+8.86%	5.95%	1.02	516,900	687	155	33.11	6.93%	29.53%	26,432	8.25%	47.2%
3226	Mitsui Fudosan Accommodations Fund Inc.	+2.68%	3.54%	1.00	327,760	348	140	18.76	5.62%	58.67%	46,080	7.67%	51.1%
3234	Mori Hills REIT Investment Corporation	+11.99%	4.31%	0.92	271,241	408	11	23.62	3.53%	27.11%	31,000	5.94%	45.8%
3249	Industrial & Infrastructure Fund Investment Corporation	+19.13%	5.67%	0.97	353,802	527	109	23.14	5.28%	24.33%	63,280	7.10%	50.9%
3269	Advance Residence Investment Corporation	+2.02%	3.79%	0.97	467,778	494	286	18.19	5.57%	59.49%	37,272	5.92%	48.6%
8979	Starts Proceed Investment Corporation	+8.39%	4.63%	0.80	54,537	101	107	18.62	5.38%	23.12%	23,150	5.94%	52.2%
3279	Activia Properties Inc.	+23.19%	4.44%	0.89	321,041	543	45	23.21	4.03%	19.10%	36,000	5.19%	47.3%
3281	GLP J-REIT	+8.51%	4.70%	0.90	672,642	869	86	17.70	4.82%	36.73%	52,736	6.71%	45.2%
3282	Comforia Residential REIT, Inc	+3.55%	3.82%	0.97	250,490	339	174	14.23	4.87%	31.73%	49,084	5.52%	50.9%
3283	Nippon Prologis REIT, Inc.	+5.97%	4.37%	0.87	729,852	962	60	10.50	5.16%	40.65%	57,015	6.20%	40.4%
3287	Hoshino Resorts REIT, Inc.	+11.59%	4.60%	0.88	155,422	229	70	20.62	5.55%	14.93%	48,800	3.88%	39.4%
3290	ONE REIT, Inc.	+6.28%	5.05%	0.92	70,876	124	29	34.17	5.19%	14.71%	26,640	6.99%	48.3%
3292	AEON REIT Investment Corporation	-1.23%	5.28%	0.81	270,601	482	52	19.66	6.11%	23.09%	33,950	5.58%	41.8%
3295	Hulic Reit, Inc.	+24.31%	4.80%	0.88	240,048	416	67	21.80	4.29%	19.11%	40,000	5.94%	47.9%
3296	NIPPON REIT Investment Corporation	+21.00%	4.84%	0.88	170,649	252	101	25.31	5.01%	27.11%	37,368	9.34%	48.4%
3451	Tosei Reit Investment Corporation	+11.11%	5.05%	0.94	55,715	84	63	31.63	6.22%	21.86%	37,400	6.73%	47.6%
3309	Sekisui House Reit, Inc.	+4.74%	4.96%	0.90	346,257	556	138	11.22	4.27%	17.34%	39,470	7.03%	47.0%
3455	Healthcare & Medical Investment Corporation	+1.14%	5.55%	0.83	41,486	83	54	19.43	5.43%	15.05%	32,000	5.26%	50.6%
3459	Samty Residential Investment Corporation	+15.86%	5.42%	0.91	95,932	171	188	12.06	5.27%	12.90%	30,475	6.12%	51.0%
3462	Nomura Real Estate Master Fund, Inc.	+12.79%	4.43%	0.84	749,923	1,100	285	21.42	5.06%	25.52%	35,780	5.35%	44.5%
3463	Ichigo Hotel REIT Investment Corporation	-3.92%	5.38%	0.86	41,755	73	31	25.63	7.14%	13.24%	34,325	15.29%	41.4%
3466	LaSalle LOGIPORT REIT	+2.13%	4.83%	0.87	258,593	378	23	13.67	4.91%	24.10%	34,740	5.90%	43.0%
3468	Star Asia Investment Corporation	+15.22%	5.68%	0.94	160,683	276	73	21.24	5.21%	14.29%	33,950	6.20%	47.5%
3470	Marimo Regional Revitalization REIT,Inc.	-4.20%	5.64%	0.77	30,852	61	60	17.15	6.27%	18.31%	30,905	6.13%	48.5%
3471	Mitsui Fudosan Logistics Park Inc.	+4.15%	5.31%	0.92	347,084	565	47	7.77	4.82%	23.34%	45,784	3.96%	41.4%
3472	Nippon Hotel & Residential Investment Corporation	+15.30%	5.31%	0.77	25,317	47	21	36.52	6.23%	16.25%	21,620	4.81%	43.4%
3476	MIRAI Corporation	+13.38%	5.11%	0.90	92,129	178	44	28.23	4.84%	10.08%	24,700	5.92%	48.8%
3481	Mitsubishi Estate Logistics REIT Investment Corporation	+1.56%	4.56%	0.88	180,726	281	37	8.97	4.69%	19.48%	33,324	6.03%	40.1%
3487	CRE Logistics REIT,Inc.	+6.90%	5.00%	0.84	94,831	157	20	7.05	4.62%	21.40%	38,295	5.36%	44.3%
3488	XYMAX REIT Investment Corporation	+5.91%	5.23%	0.80	29,983	44	18	21.57	5.82%	27.35%	31,400	7.11%	40.9%
3492	Takara Leben Real Estate Investment Corporation	+9.98%	5.76%	0.88	85,344	173	79	18.31	4.85%	5.51%	27,000	5.95%	48.7%
2971	ESCON JAPAN REIT Investment Corporation	+2.87%	5.77%	0.91	43,965	72	38	16.12	5.25%	13.26%	35,160	6.14%	42.9%
2972	SANKEI REAL ESTATE Inc.	+19.88%	5.61%	0.84	46,196	94	16	17.02	4.18%	5.63%	27,730	4.56%	47.8%
2979	SOSiLA Logistics REIT,Inc.	+5.38%	4.77%	0.82	86,864	144	17	7.57	4.39%	19.65%	28,450	4.97%	43.7%
2989	Tokaido REIT,Inc.	+4.01%	5.70%	1.00	36,188	60	28	18.58	5.59%	7.42%	32,555	6.27%	48.1%
401A	Kasumigaseki Hotel REIT Investment Corporation		5.38%		31,028	49	15	2.24			29,075

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	Invincible	+0.30%
2	Japan Metropolitan	+0.09%
3	Nippon Hotel & Residential	0.00%