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.	-5.53%	3.17%	1.18	868,380	1,105	72	18.15	4.25%	21.99%	39,040	5.41%	40.8%
8952	Japan Real Estate Investment Corporation	-12.29%	3.26%	1.13	777,367	988	70	17.92	4.49%	21.83%	36,800	5.05%	41.4%
8953	Japan Retail Fund Investment Corporation	-15.64%	4.30%	0.99	539,312	910	101	15.97	5.12%	15.28%	35,440	5.13%	43.8%
8954	ORIX JREIT Inc.	-10.19%	3.98%	1.02	452,640	635	110	15.64	5.04%	18.29%	32,600	5.13%	43.6%
8955	Japan Prime Realty Investment Corporation	-17.31%	3.83%	1.18	348,433	435	62	21.72	4.67%	15.38%	36,100	5.54%	40.6%
8956	Premier Investment Corporation	-19.35%	4.75%	1.01	143,289	246	59	21.40	4.71%	9.09%	25,850	5.35%	46.8%
8957	TOKYU REIT, Inc.	-0.89%	3.74%	0.89	140,970	224	29	19.84	4.27%	22.64%	27,000	4.36%	42.2%
8958	Global One Real Estate Investment Corporation	-75.26%	3.87%	0.85	93,883	182	11	15.50	4.03%	14.25%	32,832	3.99%	49.7%
8960	United Urban Investment Corporation	-9.31%	4.14%	1.14	503,173	628	117	23.58	5.64%	18.13%	40,920	6.39%	40.9%
8961	MORI TRUST Sogo Reit, Inc.	-10.42%	4.54%	1.13	212,124	324	15	18.97	4.24%	10.90%	36,500	8.70%	46.4%
8964	Frontier Real Estate Investment Corporation	-11.98%	4.54%	1.08	220,472	302	34	11.65	5.46%	22.07%	40,320	6.58%	31.3%
8966	HEIWA REAL ESTATE REIT, Inc.	+20.62%	4.25%	0.89	102,094	168	100	17.67	5.11%	16.33%	17,116	4.11%	44.3%
8967	Japan Logistics Fund, Inc.	-9.19%	4.06%	0.92	203,778	271	46	11.90	5.57%	35.77%	44,750	5.82%	44.3%
8968	Fukuoka REIT Corporation	-9.14%	4.25%	1.10	133,728	192	28	15.61	5.65%	13.54%	35,700	5.41%	39.3%
8972	Kenedix Office Investment Corporation	+2.77%	3.87%	1.09	270,058	408	97	23.33	4.72%	10.84%	25,800	4.28%	43.3%
8973	Sekisui House Residential Investment Corporation	-6.68%	3.95%	1.00	129,676	207	113	10.68	5.03%	15.38%	23,140	4.91%	50.3%
8975	Ichigo Office REIT Investment Corporation	+10.41%	4.75%	1.10	125,188	193	83	24.60	5.50%	13.09%	27,160	5.45%	47.5%
8976	Daiwa Office Investment Corporation	+8.15%	3.59%	0.97	310,670	439	55	21.27	3.92%	14.53%	22,400	4.24%	42.3%
8977	Hankyu REIT, Inc.	-6.41%	4.33%	0.90	87,666	154	27	17.59	4.89%	15.43%	29,750	4.67%	44.5%
8984	Daiwa House REIT Investment Corporation	-10.14%	3.96%	1.06	496,973	582	200	9.86	5.37%	10.55%	40,800	4.19%	41.4%
8985	Japan Hotel REIT Investment Corporation	-3.50%	4.80%	1.04	309,637	319	44	19.76	7.06%	38.51%	44,460	6.93%	39.9%
8986	Japan Rental Housing Investments Inc.	+1.46%	4.62%	1.02	137,109	225	198	14.30	5.66%	16.57%	15,440	6.24%	51.8%
8987	Japan Excellent, Inc.	-2.51%	3.93%	1.09	182,667	270	29	21.61	4.65%	11.04%	27,500	5.10%	43.4%
8963	Invincible Investment Corporation	-7.81%	6.08%	0.94	231,990	356	123	20.22	6.29%	22.06%	19,354	7.99%	50.3%
3226	Nippon Accommodations Fund Inc.	-2.84%	3.71%	1.22	232,328	303	122	12.36	5.21%	19.42%	35,600	5.84%	50.2%
3227	MCUBS MidCity Investment Corporation	+17.82%	4.27%	0.96	131,450	261	22	24.30	4.13%	0.18%	17,075	3.74%	42.2%
3234	Mori Hills REIT Investment Corporation	-11.20%	3.96%	1.20	241,588	360	11	18.21	3.72%	7.77%	27,350	5.15%	45.4%
3249	Industrial & Infrastructure Fund Investment Corporation	-77.82%	4.41%	1.21	205,727	270	65	20.40	5.84%	18.23%	42,760	6.95%	50.3%
3269	Advance Residence Investment Corporation	-8.28%	3.81%	1.29	373,950	448	262	11.83	5.55%	25.95%	31,644	6.11%	49.4%
8979	Starts Proceed Investment Corporation	+9.28%	5.35%	0.85	42,933	86	106	14.71	5.51%	10.02%	22,375	5.86%	48.9%
3278	Kenedix Residential Next Investment Corporation	-50.47%	4.56%	1.03	123,703	194	129	12.59	5.45%	16.42%	36,050	5.65%	51.5%
3279	Activia Properties Inc.	-9.79%	3.89%	1.18	337,823	432	42	16.27	4.60%	16.94%	37,620	5.95%	46.0%
3281	GLP J-REIT	-12.56%	4.35%	1.09	398,114	525	68	13.51	5.33%	23.12%	40,712	5.87%	48.0%
3282	Comforia Residential REIT, Inc	-2.21%	3.89%	1.11	145,457	202	117	9.67	5.38%	16.59%	38,560	5.45%	50.8%
3283	Nippon Prologis REIT, Inc.	-4.92%	3.75%	1.13	502,987	560	40	6.87	5.45%	22.63%	43,175	6.11%	36.9%
3287	Hoshino Resorts REIT, Inc.	-11.49%	4.57%	1.02	116,368	143	55	22.53	6.83%	14.04%	50,014	5.14%	33.8%
3290	ONE REIT, Inc.	+26.05%	5.34%	0.97	46,946	81	24	27.66	5.12%	9.74%	26,480	5.43%	51.0%
3292	AEON REIT Investment Corporation	-10.28%	5.07%	0.88	201,729	356	39	13.91	6.64%	10.85%	28,750	5.39%	41.4%
3295	Hulic Reit, Inc.	-13.36%	4.27%	1.02	181,374	267	45	18.28	4.54%	14.13%	34,850	5.16%	43.8%
3296	NIPPON REIT Investment Corporation	+14.63%	5.15%	0.99	126,147	209	66	24.95	5.01%	8.52%	33,196	6.34%	46.1%
3298	Invesco Office J-REIT, Inc.	-85.61%	5.75%	0.96	91,778	162	14	20.30	5.06%	10.97%	32,680	5.89%	49.8%
3308	Nippon Healthcare Investment Corporation	-0.28%	4.64%	0.89	13,180	19	22	10.27	6.12%	24.03%	41,000	4.63%	46.2%
3451	Tosei Reit Investment Corporation	+4.07%	5.80%	0.95	26,956	46	31	24.58	6.07%	12.44%	33,355	6.35%	46.3%
3309	Sekisui House Reit, Inc.	-4.28%	3.73%	0.96	138,858	201	6	7.31	4.14%	17.68%	26,730	4.62%	40.7%
3453	Kenedix Retail REIT Corporation	-12.70%	5.26%	0.95	117,989	206	52	13.30	5.32%	5.23%	30,540	5.31%	42.6%
3455	Healthcare & Medical Investment Corporation	+0.85%	4.91%	0.92	20,624	41	25	15.15	5.67%	6.14%	26,245	5.00%	48.8%
3459	Samty Residential Investment Corporation	+7.65%	5.69%	0.97	43,057	82	82	8.72	5.57%	6.79%	26,850	4.71%	51.4%
3462	Nomura Real Estate Master Fund, Inc.	-15.20%	4.14%	0.99	646,109	941	274	18.71	5.05%	8.55%	30,915	4.70%	44.6%
3463	Ichigo Hotel REIT Investment Corporation	-4.45%	5.16%	0.87	31,770	51	21	24.84	6.31%	9.47%	32,145	5.15%	39.2%
3466	LaSalle LOGIPORT REIT	+1.07%	4.53%	1.07	124,410	188	11	11.77	4.63%	5.71%	25,605	4.45%	38.6%
3468	Star Asia Investment Corporation	+4.74%	5.35%	0.94	48,851	87	29	20.97	4.93%	8.38%	27,770	8.54%	45.5%
3470	Marimo Regional Revitalization REIT,Inc.	+29.05%	5.98%	0.99	15,166	25	25	12.80	7.18%	18.09%	34,255	6.31%	49.5%
3471	Mitsui Fudosan Logistics Park Inc.	+6.62%	3.27%	1.17	93,153	98	12	3.73	5.39%	9.42%	23,156	3.95%	22.5%
3472	Ooedo Onsen Reit Investment Corporation	+6.35%	5.39%	0.96	20,875	37	14	36.98	7.02%	4.44%	23,885	5.18%	39.8%
3473	SAKURA SOGO REIT Investment Corporation	+14.09%	5.75%	0.99	31,269	57	18	21.42	5.38%	4.08%	27,010	6.26%	45.9%
3476	MIRAI Corporation	+8.10%	5.95%	1.00	55,254	109	21	22.62	4.69%	2.94%	28,000	5.66%	52.0%
3478	MORI TRUST Hotel Reit,Inc.	-1.24%	4.38%	1.22	71,900	102	4	11.10	4.03%	8.74%	31,500	5.91%	46.5%
3481	Mitsubishi Estate Logistics REIT Investment Corporation	-5.56%	3.98%		56,389	71	8	7.16			20,996
3487	CRE Logistics REIT,Inc.		5.11%		26,420	45	6	1.35			29,185
3488	XYMAX REIT Investment Corporation		4.79%		25,267	33	12	15.60			27,111

What's New

Feb. 15, 2018
3488 XYMAX REIT Investment Corporation 2/15 Listing on TSE REIT Market
Feb. 7, 2018
3487 CRE Logistics REIT,Inc 2/7 Listing on TSE REIT Market
Sep. 14, 2017
3481 Mitsubishi Estate Logistics REIT Investment Corporation 9/14 Listing on TSE REIT Market
Feb. 7, 2017
3478 MORI TRUST Hotel Reit,Inc. 2/7 Listing on TSE REIT Market
Dec. 16, 2016
3476 MIRAI Corporation, 12/16 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	Shiodome Building	72

Unit Price Growth Rankings

1	Nippon Accommodations	+1.80%
2	Kenedix Office	+1.37%
3	Activia Properties	+1.36%