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.	-31.19%	3.94%	1.01	936,968	1,176	74	19.98	4.53%	27.65%	44,660	5.74%	41.7%
8952	Japan Real Estate Investment Corporation	-28.42%	4.08%	0.95	739,702	1,070	73	19.49	4.56%	29.29%	43,540	6.11%	40.9%
8953	Japan Retail Fund Investment Corporation	-32.55%	5.34%	0.77	442,162	889	102	18.09	4.67%	19.28%	36,288	5.54%	45.6%
8954	ORIX JREIT Inc.	-34.15%	4.31%	0.86	438,012	680	111	17.99	5.21%	27.66%	34,200	6.08%	42.9%
8955	Japan Prime Realty Investment Corporation	-38.21%	4.97%	0.83	293,704	457	65	24.09	4.88%	24.79%	38,050	5.70%	39.5%
8956	Premier Investment Corporation	-26.61%	4.70%	0.91	157,644	247	58	23.61	5.09%	23.19%	28,100	6.07%	44.6%
8957	TOKYU REIT, Inc.	-27.23%	4.48%	0.77	146,836	241	32	23.07	4.69%	37.26%	33,650	6.72%	41.8%
8958	Global One Real Estate Investment Corporation	-30.19%	4.76%	0.75	96,958	191	11	16.97	4.24%	18.90%	38,400	4.68%	47.1%
8960	United Urban Investment Corporation	-43.27%	4.93%	0.78	387,609	664	130	24.12	5.15%	23.67%	36,780	5.24%	41.7%
8961	MORI TRUST Sogo Reit, Inc.	-34.92%	5.35%	0.80	168,300	324	15	21.57	4.40%	18.36%	34,110	6.23%	47.1%
8964	Frontier Real Estate Investment Corporation	-20.55%	5.44%	0.87	193,581	339	38	12.95	5.06%	23.33%	41,200	6.93%	37.9%
8966	HEIWA REAL ESTATE REIT, Inc.	-15.97%	4.50%	0.94	117,892	178	107	20.26	5.25%	22.48%	21,200	5.79%	45.0%
8967	Japan Logistics Fund, Inc.	+5.70%	3.28%	1.14	265,005	270	49	13.89	5.44%	42.57%	48,000	14.01%	43.1%
8968	Fukuoka REIT Corporation	-22.87%	4.78%	0.83	113,271	202	31	17.65	5.30%	20.24%	34,000	5.05%	41.4%
8972	Kenedix Office Investment Corporation	-19.47%	4.56%	0.92	285,388	445	98	24.29	5.00%	21.02%	30,360	5.39%	42.9%
8975	Ichigo Office REIT Investment Corporation	-37.41%	5.91%	0.83	108,179	202	85	27.43	5.67%	21.00%	29,218	6.88%	48.1%
8976	Daiwa Office Investment Corporation	-23.56%	4.29%	0.86	314,309	463	60	22.94	4.54%	26.05%	27,400	5.23%	42.0%
8977	Hankyu Hanshin REIT, Inc.	-28.59%	4.73%	0.75	86,135	170	31	17.31	4.80%	18.97%	29,300	5.37%	44.1%
8984	Daiwa House REIT Investment Corporation	-18.81%	4.49%	0.90	537,581	822	229	10.90	5.19%	15.24%	44,000	4.01%	41.9%
8985	Japan Hotel REIT Investment Corporation	-40.63%	0.37%	0.66	237,397	370	42	22.85	6.66%	40.50%	2,388	6.46%	40.6%
8986	Daiwa Securities Living Investment Corporation	-15.63%	4.74%	0.94	187,502	304	219	13.78	5.72%	27.85%	17,280	6.00%	51.0%
8987	Japan Excellent, Inc.	-32.37%	4.75%	0.80	168,178	272	34	22.22	5.13%	23.79%	29,550	7.42%	42.8%
8963	Invincible Investment Corporation	-49.23%	0.42%	0.67	202,110	512	147	24.24	1.38%	13.14%	907	0.34%	51.0%
3226	Nippon Accommodations Fund Inc.	-14.96%	3.45%	1.18	281,023	318	129	14.60	5.45%	35.01%	39,980	6.88%	51.5%
3227	MCUBS MidCity Investment Corporation	-28.57%	5.35%	0.86	150,759	288	25	25.15	4.48%	8.17%	22,605	4.70%	42.1%
3234	Mori Hills REIT Investment Corporation	-22.15%	4.22%	0.96	264,070	403	11	19.31	3.79%	20.84%	29,050	5.57%	45.7%
3249	Industrial & Infrastructure Fund Investment Corporation	+0.58%	3.64%	1.46	358,734	370	78	20.76	5.81%	19.45%	50,528	6.87%	49.8%
3269	Advance Residence Investment Corporation	-13.32%	3.66%	1.14	418,963	457	271	14.15	5.70%	41.11%	33,240	6.35%	48.0%
8979	Starts Proceed Investment Corporation	-3.91%	4.67%	0.92	49,233	88	107	16.38	5.50%	13.82%	22,650	7.77%	50.6%
3278	Kenedix Residential Next Investment Corporation	-16.74%	4.59%	1.00	168,468	255	155	13.97	5.53%	19.12%	40,665	5.99%	49.5%
3279	Activia Properties Inc.	-31.51%	4.75%	0.87	304,248	509	44	19.81	4.15%	19.62%	37,460	5.72%	46.5%
3281	GLP J-REIT	+9.68%	3.61%	1.30	622,540	643	77	16.89	5.25%	24.88%	45,088	5.71%	44.4%
3282	Comforia Residential REIT, Inc	-15.64%	3.68%	1.09	196,047	254	139	11.06	5.20%	22.84%	43,000	5.51%	50.4%
3283	Nippon Prologis REIT, Inc.	+9.15%	2.89%	1.45	808,799	696	49	7.92	5.31%	24.85%	47,430	2.98%	38.2%
3287	Hoshino Resorts REIT, Inc.	-13.10%	2.52%	0.96	111,818	162	61	23.87	6.71%	8.39%	25,360	5.60%	37.9%
3290	ONE REIT, Inc.	-29.09%	5.93%	0.87	58,945	102	25	31.41	5.55%	16.39%	29,140	7.14%	45.7%
3292	AEON REIT Investment Corporation	-19.36%	5.25%	0.85	227,046	396	42	15.70	6.39%	17.25%	31,825	5.66%	41.4%
3295	Hulic Reit, Inc.	-28.79%	5.22%	0.82	188,534	350	58	20.96	4.42%	16.35%	37,520	5.64%	46.6%
3296	NIPPON REIT Investment Corporation	-29.19%	5.96%	0.92	157,700	258	98	25.64	5.31%	17.64%	41,798	6.37%	47.0%
3298	Invesco Office J-REIT, Inc.	-33.09%	5.30%	0.80	124,323	229	19	24.34	5.24%	19.65%	29,600	6.39%	49.4%
3451	Tosei Reit Investment Corporation	-20.30%	6.62%	0.78	36,230	70	50	27.46	6.20%	14.38%	35,200	6.67%	46.5%
3309	Sekisui House Reit, Inc.	-23.37%	4.49%	0.90	317,790	533	121	11.03	4.42%	14.41%	33,260	4.90%	45.1%
3453	Kenedix Retail REIT Corporation	-19.62%	5.90%	0.89	121,927	226	62	15.46	5.30%	6.83%	33,550	5.61%	44.5%
3455	Healthcare & Medical Investment Corporation	-5.75%	5.08%	1.05	39,279	66	36	15.98	5.61%	7.75%	32,075	5.56%	48.1%
3459	Samty Residential Investment Corporation	-11.54%	5.79%	1.02	66,679	119	128	10.80	5.34%	6.06%	30,205	5.23%	50.9%
3462	Nomura Real Estate Master Fund, Inc.	-31.43%	4.84%	0.83	645,039	1,066	299	19.09	5.15%	14.45%	33,090	4.06%	43.2%
3463	Ichigo Hotel REIT Investment Corporation	-46.37%	2.31%	0.55	18,460	52	23	25.86	3.08%	4.26%	8,380	1.08%	43.6%
3466	LaSalle LOGIPORT REIT	-6.89%	3.86%	1.18	252,252	319	18	10.74	4.81%	10.95%	29,725	5.08%	42.8%
3468	Star Asia Investment Corporation	-19.23%	6.62%	0.82	78,780	169	54	23.58	4.93%	8.88%	31,130	6.82%	48.1%
3470	Marimo Regional Revitalization REIT,Inc.	-15.90%	6.19%	0.84	17,207	30	31	15.16	6.74%	20.72%	34,855	6.27%	48.5%
3471	Mitsui Fudosan Logistics Park Inc.	+0.52%	3.05%	1.29	262,328	282	20	4.58	5.19%	9.74%	29,484	3.94%	30.2%
3472	Ooedo Onsen Reit Investment Corporation	-24.59%	5.21%	0.69	17,392	37	14	39.57	7.09%	12.25%	19,265	5.13%	40.0%
3476	MIRAI Corporation	-38.87%	6.16%	0.75	62,085	151	33	23.96	4.72%	5.64%	23,000	6.88%	48.3%
3478	MORI TRUST Hotel Reit,Inc.	-21.77%	3.09%	0.83	56,950	109	5	14.27	2.71%	17.11%	17,610	3.43%	49.1%
3481	Mitsubishi Estate Logistics REIT Investment Corporation	+13.23%	3.26%	1.27	138,598	142	19	7.77	4.81%	9.91%	25,916	4.02%	29.4%
3487	CRE Logistics REIT,Inc.	+9.55%	4.33%	1.14	63,652	92	16	4.38	4.95%	8.15%	32,510	4.86%	45.9%
3488	XYMAX REIT Investment Corporation	-31.49%	5.68%	0.63	20,463	34	13	18.37	6.15%	29.06%	26,015	6.16%	31.8%
3492	Takara Leben Real Estate Investment Corporation	-26.53%	6.63%	0.79	40,469	87	36	22.39	4.88%	7.11%	29,000	5.96%	45.9%
3493	ITOCHU Advance Logistics Investment Corporation	+8.00%	3.87%	1.07	76,595	84	9	3.77	5.28%	9.70%	24,815	4.14%	40.6%
2971	ESCON JAPAN REIT Investment Corporation	-9.77%	6.11%	0.96	31,892	52	28	13.89	5.30%	9.10%	34,445	6.62%	43.6%
2972	SANKEI REAL ESTATE Inc.	-18.74%	5.31%	0.82	36,037	72	12	16.24	4.26%	11.02%	26,800	4.79%	44.0%
2979	SOSiLA Logistics REIT,Inc.		3.89%	1.16	63,574	78	8	3.29	5.30%	4.82%	24,055	2.08%	37.7%

What's New

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
Sep. 7, 2018
3493 ITOCHU Advance Logistics Investment Corporation 9/7 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	Garden City Shinagawa Gotenyama	72

Unit Price Growth Rankings

1	MORI TRUST Hotel	+2.98%
2	Fukuoka REIT	+2.37%
3	CRE Logistics	+2.31%