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.	+12.64%	3.33%	1.21	1,263,765	1,505	69	23.89	4.16%	25.96%	48,680	6.66%	42.6%
8952	Japan Real Estate Investment Corporation	+14.93%	3.90%	1.07	925,573	1,168	78	21.94	4.05%	32.72%	50,720	6.97%	43.5%
8953	Japan Metropolitan Fund Investment Corporation	+32.14%	4.78%	0.99	872,488	1,341	157	22.45	4.60%	21.48%	46,416	6.63%	45.2%
8954	ORIX JREIT Inc.	+33.00%	4.48%	1.00	588,432	784	120	20.09	4.90%	37.01%	47,800	7.05%	45.5%
8955	Japan Prime Realty Investment Corporation	+25.97%	3.87%	1.07	416,014	534	66	25.69	4.42%	26.04%	40,850	7.62%	43.6%
8956	NTT UD REIT Investment Corporation	+26.87%	4.51%	0.96	204,525	296	61	25.29	4.65%	25.42%	31,400	6.24%	48.0%
8957	TOKYU REIT, Inc.	+29.85%	3.95%	0.96	194,485	247	28	25.96	4.25%	40.62%	40,000	7.96%	43.6%
8958	Global One Real Estate Investment Corporation	+45.68%	4.83%	1.02	141,086	180	13	18.93	4.09%	25.26%	56,112	7.45%	44.4%
8960	United Urban Investment Corporation	+35.68%	4.56%	1.09	577,606	706	142	27.05	5.43%	28.97%	51,600	6.63%	45.3%
8961	MORI TRUST Reit, Inc.	+29.27%	4.53%	1.01	283,020	464	20	22.63	3.88%	12.72%	36,000	5.58%	46.8%
8964	Frontier Real Estate Investment Corporation	+13.88%	4.79%	0.91	248,590	375	43	16.59	4.92%	31.96%	44,000	6.75%	40.2%
8966	HEIWA REAL ESTATE REIT, Inc.	+31.95%	4.99%	1.07	198,994	256	133	24.97	4.73%	27.09%	31,760	7.79%	48.0%
8967	Japan Logistics Fund, Inc.	+12.94%	4.17%	0.97	282,855	293	53	17.70	5.64%	63.26%	64,500	8.76%	44.1%
8968	Fukuoka REIT Corporation	+35.09%	4.16%	0.99	167,248	232	37	20.17	5.29%	28.15%	40,000	7.10%	42.5%
8972	KDX Investment Corporation	+17.88%	4.81%	0.97	700,397	1,188	342	21.47	4.58%	11.37%	33,328	5.38%	44.8%
8975	Ichigo Office REIT Investment Corporation	+24.39%	4.69%	1.02	149,798	218	86	32.50	5.27%	27.17%	31,962	9.72%	50.3%
8976	Daiwa Office Investment Corporation	+26.60%	3.87%	0.95	363,586	472	59	26.85	4.39%	32.74%	29,800	5.70%	44.6%
8977	Hankyu Hanshin REIT, Inc.	+47.80%	3.66%	0.97	123,607	178	37	20.63	4.73%	25.54%	32,500	5.61%	47.5%
8984	Daiwa House REIT Investment Corporation	+18.86%	4.58%	0.82	633,486	903	229	14.45	4.93%	30.76%	50,520	5.24%	43.2%
8985	Japan Hotel REIT Investment Corporation	+32.55%	5.32%	1.06	462,808	515	51	26.63	6.81%	39.94%	57,960	6.43%	41.1%
8986	Daiwa Securities Living Investment Corporation	+23.72%	4.22%	0.98	271,293	398	241	13.85	5.02%	27.52%	19,200	7.64%	50.9%
8987	Japan Excellent, Inc.	+27.40%	4.01%	0.90	193,186	296	34	21.95	4.74%	27.07%	30,000	6.15%	45.1%
8963	Invincible Investment Corporation	+8.61%	5.80%	1.05	530,664	687	155	33.29	6.93%	29.53%	26,432	8.25%	47.2%
3226	Mitsui Fudosan Accommodations Fund Inc.	+12.10%	3.53%	1.00	333,550	348	140	18.94	5.58%	59.59%	46,810	7.62%	51.3%
3234	Mori Hills REIT Investment Corporation	+17.73%	4.13%	0.95	283,124	408	11	23.80	3.56%	26.87%	31,000	6.09%	46.1%
3249	Industrial & Infrastructure Fund Investment Corporation	+29.91%	5.29%	1.05	378,911	525	108	22.80	5.52%	24.27%	63,280	7.61%	50.8%
3269	Advance Residence Investment Corporation	+11.67%	3.68%	0.99	481,754	499	286	18.19	5.76%	61.56%	37,272	7.54%	48.9%
8979	Starts Proceed Investment Corporation	+18.21%	4.48%	0.82	55,709	101	107	18.80	5.38%	23.12%	22,900	5.94%	52.2%
3279	Activia Properties Inc.	+31.36%	4.18%	0.94	340,764	543	45	23.39	4.03%	19.10%	36,000	5.19%	47.3%
3281	GLP J-REIT	+11.19%	4.44%	0.92	691,353	870	85	17.72	4.77%	38.56%	51,168	7.05%	45.2%
3282	Comforia Residential REIT, Inc	+12.51%	3.72%	0.99	257,513	340	175	14.20	4.94%	31.32%	49,084	6.04%	52.6%
3283	Nippon Prologis REIT, Inc.	+11.52%	4.13%	0.92	771,798	962	60	10.68	5.16%	40.65%	57,015	6.20%	40.4%
3287	Hoshino Resorts REIT, Inc.	+16.93%	4.66%	0.88	155,773	229	70	20.80	5.55%	14.93%	49,600	3.88%	39.4%
3290	ONE REIT, Inc.	+20.48%	4.78%	0.94	73,453	124	29	34.36	4.93%	15.50%	26,160	7.92%	48.3%
3292	AEON REIT Investment Corporation	+6.34%	5.06%	0.84	282,165	482	52	19.84	6.00%	23.66%	33,950	5.85%	42.5%
3295	Hulic Reit, Inc.	+31.29%	4.61%	0.91	250,128	419	66	22.25	4.22%	20.00%	40,000	5.92%	46.9%
3296	NIPPON REIT Investment Corporation	+27.47%	4.64%	0.92	178,076	256	102	24.85	5.01%	27.11%	37,368	9.34%	48.4%
3451	Tosei Reit Investment Corporation	+21.06%	4.97%	0.96	56,694	84	63	31.80	6.22%	21.86%	37,400	6.73%	47.6%
3309	Sekisui House Reit, Inc.	+10.38%	4.28%	0.92	347,761	552	139	11.35	4.27%	17.34%	34,620	7.03%	47.0%
3455	Healthcare & Medical Investment Corporation	+11.63%	5.42%	0.85	42,457	87	57	19.48	5.49%	15.64%	32,000	5.32%	50.7%
3459	Samty Residential Investment Corporation	+28.93%	5.12%	0.95	101,474	171	189	12.21	5.32%	13.89%	30,475	5.23%	51.3%
3462	Nomura Real Estate Master Fund, Inc.	+18.37%	4.30%	0.87	781,518	1,100	285	21.59	5.06%	26.54%	36,150	5.30%	44.2%
3463	Ichigo Hotel REIT Investment Corporation	-0.22%	5.06%	0.81	44,473	73	30	25.84	7.35%	21.62%	34,325	6.76%	45.5%
3466	LaSalle LOGIPORT REIT	+6.16%	4.57%	0.92	275,474	378	23	13.84	4.86%	25.13%	35,080	6.09%	43.2%
3468	Star Asia Investment Corporation	+25.79%	5.35%	0.95	170,356	283	75	21.45	5.33%	17.58%	33,950	6.73%	47.3%
3470	Marimo Regional Revitalization REIT,Inc.	+2.90%	5.45%	0.79	31,950	61	60	17.33	6.27%	18.31%	30,905	6.13%	48.5%
3471	Mitsui Fudosan Logistics Park Inc.	+16.77%	4.89%	0.97	376,705	540	45	7.98	4.36%	18.07%	45,784	14.47%	39.3%
3472	Nippon Hotel & Residential Investment Corporation	+19.66%	5.11%	0.80	26,313	49	23	36.36	6.23%	16.25%	21,620	4.81%	43.4%
3476	MIRAI Corporation	+23.75%	5.09%	0.92	94,418	180	44	28.38	4.84%	10.08%	25,200	5.92%	48.8%
3481	Mitsubishi Estate Logistics REIT Investment Corporation	+8.56%	4.42%	0.92	190,230	281	37	9.16	4.74%	20.18%	34,002	4.83%	42.7%
3487	CRE Logistics REIT,Inc.	+15.04%	4.75%	0.88	99,842	157	20	7.24	4.62%	21.40%	38,295	5.36%	44.3%
3488	XYMAX REIT Investment Corporation	+8.27%	5.32%	0.77	29,409	44	18	21.76	5.83%	28.51%	31,360	6.08%	40.8%
3492	Takara Leben Real Estate Investment Corporation	+11.20%	5.67%	0.90	86,801	173	79	18.50	4.83%	5.40%	27,000	5.92%	48.7%
2971	ESCON JAPAN REIT Investment Corporation	+11.29%	5.57%	0.96	45,516	72	38	16.30	6.12%	11.44%	35,160	6.96%	43.7%
2972	SANKEI REAL ESTATE Inc.	+29.30%	4.95%	0.94	47,411	94	16	17.21	4.06%	1.29%	25,110	4.33%	47.9%
2979	SOSiLA Logistics REIT,Inc.	+15.96%	4.53%	0.87	91,447	144	17	7.75	4.39%	19.65%	28,450	4.97%	43.7%
2989	Tokaido REIT,Inc.	+9.94%	5.56%	1.03	37,139	62	29	18.51	5.89%	5.98%	32,555	6.50%	48.1%
401A	Kasumigaseki Hotel REIT Investment Corporation		5.39%		30,971	49	15	2.42			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	Kasumigaseki Hotel REIT	+0.84%
2	Tosei Reit	+0.67%
3	Mitsui Fudosan Logistics	+0.60%