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.	+14.04%	3.68%	1.17	1,100,565	1,382	73	23.05	4.55%	23.76%	49,000	6.45%	42.2%
8952	Japan Real Estate Investment Corporation	+7.58%	3.58%	1.12	885,149	1,094	74	20.32	4.51%	30.55%	45,800	6.51%	41.8%
8953	Japan Metropolitan Fund Investment Corporation	+3.52%	4.64%	0.89	677,942	1,221	127	20.31	4.53%	14.38%	36,000	4.31%	43.6%
8954	ORIX JREIT Inc.	+5.96%	3.81%	0.93	481,068	691	113	19.01	4.88%	28.64%	33,200	5.58%	43.5%
8955	Japan Prime Realty Investment Corporation	+8.82%	4.12%	1.01	360,781	485	66	23.51	4.81%	25.07%	38,750	6.37%	40.6%
8956	NTT UD REIT Investment Corporation	+24.54%	4.35%	1.13	216,272	267	57	23.27	4.51%	24.02%	33,525	7.06%	47.4%
8957	TOKYU REIT, Inc.	+20.78%	3.98%	0.99	190,339	233	32	24.06	4.78%	35.83%	38,750	6.18%	44.9%
8958	Global One Real Estate Investment Corporation	+15.57%	4.08%	0.88	113,502	191	11	18.13	4.35%	19.68%	38,480	4.85%	47.1%
8960	United Urban Investment Corporation	+8.48%	4.49%	0.87	430,954	675	136	24.60	4.61%	23.45%	37,200	5.40%	42.6%
8961	MORI TRUST Sogo Reit, Inc.	+9.62%	4.26%	0.99	188,100	325	16	21.41	3.52%	11.46%	30,375	6.28%	47.2%
8964	Frontier Real Estate Investment Corporation	+24.62%	4.40%	1.10	265,631	361	40	13.72	5.05%	24.86%	43,240	6.96%	37.5%
8966	HEIWA REAL ESTATE REIT, Inc.	+18.88%	3.84%	1.14	156,882	199	116	21.16	5.16%	23.95%	22,800	6.14%	46.1%
8967	Japan Logistics Fund, Inc.	+7.48%	2.94%	1.21	299,127	272	50	14.90	5.30%	48.56%	48,600	5.87%	44.2%
8968	Fukuoka REIT Corporation	+12.22%	4.17%	0.96	133,728	202	32	18.54	5.24%	21.90%	35,000	5.49%	41.2%
8972	Kenedix Office Investment Corporation	+10.51%	3.92%	0.97	306,385	440	96	25.49	4.73%	22.40%	28,000	5.09%	43.6%
8975	Ichigo Office REIT Investment Corporation	+10.11%	5.01%	0.98	125,307	206	86	28.60	5.62%	20.53%	29,057	6.20%	48.9%
8976	Daiwa Office Investment Corporation	+10.81%	4.02%	0.93	340,197	467	59	23.63	4.51%	27.14%	28,000	5.97%	42.0%
8977	Hankyu Hanshin REIT, Inc.	+26.51%	3.71%	0.97	109,494	169	32	16.87	4.72%	17.82%	29,200	4.84%	44.0%
8984	Daiwa House REIT Investment Corporation	+29.71%	3.30%	1.19	798,080	894	229	11.17	4.95%	19.42%	45,400	4.71%	42.0%
8985	Japan Hotel REIT Investment Corporation	+6.11%	0.21%	0.76	255,959	364	41	23.66	1.75%	34.51%	1,440	0.69%	42.2%
8986	Daiwa Securities Living Investment Corporation	+19.69%	3.79%	1.11	253,342	343	238	13.68	5.29%	23.44%	17,440	5.62%	51.3%
8987	Japan Excellent, Inc.	+9.61%	4.20%	0.85	180,490	287	36	22.90	5.22%	24.16%	28,000	5.26%	42.7%
8963	Invincible Investment Corporation	+10.83%	0.45%	0.74	227,717	495	133	25.59	0.87%	14.66%	1,104	-2.96%	50.0%
3226	Nippon Accommodations Fund Inc.	+14.78%	3.24%	1.18	316,684	338	134	15.19	5.31%	39.28%	40,820	6.54%	51.7%
3234	Mori Hills REIT Investment Corporation	+3.47%	3.87%	1.03	285,533	411	11	20.22	3.80%	20.87%	28,850	5.61%	46.0%
3249	Industrial & Infrastructure Fund Investment Corporation	+2.77%	3.11%	1.59	407,586	373	74	21.05	5.94%	20.49%	48,928	7.07%	47.7%
3269	Advance Residence Investment Corporation	+15.03%	3.18%	1.23	487,520	462	272	15.33	5.68%	47.22%	33,600	6.38%	48.2%
8979	Starts Proceed Investment Corporation	+19.56%	3.91%	1.03	58,648	88	106	17.27	5.34%	17.83%	22,600	5.30%	50.6%
3278	Kenedix Residential Next Investment Corporation	+16.31%	3.90%	1.11	209,534	278	165	14.22	5.34%	22.60%	41,010	6.18%	50.1%
3279	Activia Properties Inc.	+2.58%	4.43%	0.94	343,911	548	47	20.67	4.21%	18.99%	37,070	5.69%	46.5%
3281	GLP J-REIT	+6.14%	3.44%	1.29	791,652	786	86	16.51	4.98%	27.79%	48,512	5.61%	44.1%
3282	Comforia Residential REIT, Inc	+7.02%	3.35%	1.12	221,758	262	140	11.93	5.06%	26.25%	42,920	7.36%	50.1%
3283	Nippon Prologis REIT, Inc.	+7.70%	2.80%	1.42	933,287	816	55	8.03	5.36%	28.08%	48,850	4.83%	37.8%
3287	Hoshino Resorts REIT, Inc.	+32.09%	2.19%	1.26	163,962	178	65	22.32	4.63%	7.63%	29,390	2.64%	38.1%
3290	ONE REIT, Inc.	+20.40%	4.65%	1.11	82,554	120	31	32.51	5.50%	14.83%	28,620	9.75%	47.2%
3292	AEON REIT Investment Corporation	+17.75%	4.17%	1.08	322,821	448	46	16.59	6.35%	19.49%	32,925	5.61%	41.4%
3295	Hulic Reit, Inc.	+15.82%	4.22%	0.98	248,832	380	62	22.03	4.42%	16.90%	36,500	5.32%	44.6%
3296	NIPPON REIT Investment Corporation	+13.89%	4.45%	1.02	177,047	256	107	25.85	5.10%	18.30%	35,000	7.46%	48.0%
3451	Tosei Reit Investment Corporation	+17.27%	5.35%	0.95	48,116	78	59	28.31	6.02%	15.81%	35,600	6.50%	48.1%
3309	Sekisui House Reit, Inc.	+15.52%	4.03%	0.98	372,658	549	117	12.14	4.16%	17.53%	33,860	5.88%	45.0%
3453	Kenedix Retail REIT Corporation	+12.98%	4.79%	1.09	164,698	244	64	15.34	5.25%	7.10%	33,900	6.20%	44.1%
3455	Healthcare & Medical Investment Corporation	+23.21%	4.01%	1.33	50,196	67	37	17.29	5.60%	8.45%	32,370	5.64%	48.1%
3459	Samty Residential Investment Corporation	+17.42%	4.24%	1.09	98,050	146	159	11.27	5.29%	13.76%	26,990	5.10%	50.8%
3462	Nomura Real Estate Master Fund, Inc.	+1.82%	4.12%	0.93	740,286	1,066	298	20.25	5.02%	16.18%	32,345	3.98%	43.4%
3463	Ichigo Hotel REIT Investment Corporation	+14.24%	1.79%	0.60	19,837	52	23	27.03	3.55%	2.49%	6,950	1.70%	44.1%
3466	LaSalle LOGIPORT REIT	+8.32%	3.40%	1.24	323,085	359	19	11.00	4.74%	14.51%	30,725	4.88%	41.8%
3468	Star Asia Investment Corporation	+33.81%	4.46%	1.24	117,563	181	60	24.35	4.81%	6.18%	29,310	5.44%	46.0%
3470	Marimo Regional Revitalization REIT,Inc.	+18.86%	5.58%	0.95	20,108	30	32	16.07	6.78%	23.59%	36,720	6.53%	49.2%
3471	Mitsui Fudosan Logistics Park Inc.	+11.03%	2.82%	1.41	311,108	298	21	5.53	4.99%	13.06%	32,364	3.99%	33.6%
3472	Ooedo Onsen Reit Investment Corporation	-0.30%	4.70%	0.60	15,862	36	14	40.74	6.78%	16.19%	15,850	4.37%	38.4%
3476	MIRAI Corporation	+28.81%	5.06%	1.01	88,842	154	34	24.87	4.55%	6.34%	25,450	5.65%	48.8%
3478	MORI TRUST Hotel Reit,Inc.	+8.48%	1.70%	0.90	61,400	108	5	15.48	2.86%	17.21%	10,450	4.67%	48.9%
3481	Mitsubishi Estate Logistics REIT Investment Corporation	+13.70%	2.99%	1.36	183,442	170	22	8.20	4.73%	12.11%	28,018	4.06%	31.5%
3487	CRE Logistics REIT,Inc.	+35.71%	3.47%	1.35	114,804	135	20	4.21	4.91%	10.18%	35,290	4.94%	44.8%
3488	XYMAX REIT Investment Corporation	+21.43%	5.03%	0.82	26,585	35	15	19.50	5.52%	27.78%	29,950	5.53%	36.1%
3492	Takara Leben Real Estate Investment Corporation	+30.14%	4.96%	1.11	69,518	111	48	19.99	4.71%	6.22%	30,000	6.63%	46.0%
3493	ITOCHU Advance Logistics Investment Corporation	+28.77%	3.21%	1.27	101,001	111	12	4.53	5.08%	14.23%	27,035	4.18%	41.2%
2971	ESCON JAPAN REIT Investment Corporation	+19.06%	4.92%	1.19	51,000	70	38	14.64	5.36%	9.20%	35,675	6.86%	43.6%
2972	SANKEI REAL ESTATE Inc.	+21.93%	4.63%	1.01	57,126	97	14	18.58	4.47%	9.95%	28,305	5.36%	47.3%
2979	SOSiLA Logistics REIT,Inc.	+26.96%	3.25%	1.36	109,127	116	11	4.52	4.94%	7.68%	26,020	4.37%	37.9%
2989	Tokaido REIT,Inc.		4.60%		19,077	30	8	18.69			24,806

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	Shiodome Building	107
4	Tokyo Shiodome Building	83
5	Kitanomaru Square	82

Unit Price Growth Rankings

1	Tokaido REIT	%
2	Nomura Master	%
3	Japan Hotel	%