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.	-22.50%	3.55%	1.09	875,440	1,136	71	19.94	4.53%	27.65%	44,000	5.74%	41.7%
8952	Japan Real Estate Investment Corporation	-21.40%	3.93%	1.00	778,488	1,070	73	19.31	4.56%	29.29%	44,140	6.11%	40.9%
8953	Japan Retail Fund Investment Corporation	-27.99%	5.79%	0.71	407,809	889	102	17.91	4.81%	19.63%	36,288	5.90%	45.0%
8954	ORIX JREIT Inc.	-32.07%	4.48%	0.84	430,284	680	111	17.81	5.27%	27.87%	34,900	6.98%	42.9%
8955	Japan Prime Realty Investment Corporation	-36.76%	4.85%	0.85	300,891	457	65	23.91	4.88%	24.79%	38,050	5.70%	39.5%
8956	Premier Investment Corporation	-26.32%	5.03%	0.86	148,952	247	58	23.43	5.09%	23.19%	28,425	6.07%	44.6%
8957	TOKYU REIT, Inc.	-29.37%	4.72%	0.74	139,406	231	31	22.05	4.43%	36.17%	33,650	6.21%	41.9%
8958	Global One Real Estate Investment Corporation	-30.97%	4.66%	0.77	99,074	191	11	16.79	4.24%	18.90%	38,400	4.68%	47.1%
8960	United Urban Investment Corporation	-43.99%	4.79%	0.71	351,437	664	130	23.94	5.15%	23.67%	32,400	5.24%	41.7%
8961	MORI TRUST Sogo Reit, Inc.	-31.80%	5.71%	0.84	175,824	324	15	21.39	4.40%	18.36%	38,040	6.23%	47.1%
8964	Frontier Real Estate Investment Corporation	-22.32%	5.92%	0.79	177,747	339	38	12.77	5.06%	23.33%	41,200	6.93%	37.9%
8966	HEIWA REAL ESTATE REIT, Inc.	-15.50%	4.77%	0.89	112,851	177	106	20.13	5.25%	22.48%	21,200	5.79%	45.0%
8967	Japan Logistics Fund, Inc.	+10.60%	3.31%	1.13	262,471	270	49	13.71	5.65%	41.61%	48,000	6.72%	45.4%
8968	Fukuoka REIT Corporation	-26.62%	5.56%	0.77	104,435	202	31	17.47	5.73%	20.25%	36,500	5.71%	39.8%
8972	Kenedix Office Investment Corporation	-25.58%	5.00%	0.84	259,249	445	98	24.11	5.00%	21.02%	30,260	5.39%	42.9%
8975	Ichigo Office REIT Investment Corporation	-27.58%	5.58%	0.88	115,075	202	85	27.25	5.67%	21.00%	29,351	6.88%	48.1%
8976	Daiwa Office Investment Corporation	-28.82%	4.74%	0.78	284,305	463	60	22.77	4.54%	26.05%	27,400	5.23%	42.0%
8977	Hankyu Hanshin REIT, Inc.	-24.30%	4.95%	0.72	82,312	170	31	17.13	4.80%	18.97%	29,300	5.37%	44.1%
8984	Daiwa House REIT Investment Corporation	-8.31%	4.14%	0.99	588,528	819	228	10.76	5.20%	15.91%	44,400	3.98%	41.5%
8985	Japan Hotel REIT Investment Corporation	-39.38%	0.25%	0.62	221,556	370	42	22.67	6.66%	40.50%	1,512	6.46%	40.6%
8986	Daiwa Securities Living Investment Corporation	+9.76%	3.98%	1.12	222,042	303	217	13.67	5.72%	27.85%	17,200	6.00%	51.0%
8987	Japan Excellent, Inc.	-30.13%	4.95%	0.77	161,548	272	34	22.04	5.13%	23.79%	29,550	7.42%	42.8%
8963	Invincible Investment Corporation	-51.03%	0.45%	0.62	188,088	512	147	24.06	1.38%	13.14%	907	0.34%	51.0%
3226	Nippon Accommodations Fund Inc.	-9.74%	3.42%	1.23	287,322	316	128	14.48	5.55%	34.16%	40,600	6.91%	50.8%
3227	MCUBS MidCity Investment Corporation	-33.02%	5.85%	0.79	137,913	288	25	24.97	4.48%	8.17%	22,605	4.70%	42.1%
3234	Mori Hills REIT Investment Corporation	-19.78%	4.37%	0.93	254,610	391	11	19.56	3.78%	20.44%	29,050	5.49%	45.7%
3249	Industrial & Infrastructure Fund Investment Corporation	+18.98%	3.46%	1.56	377,571	331	76	21.44	5.74%	19.49%	50,528	7.10%	47.7%
3269	Advance Residence Investment Corporation	-15.39%	3.82%	1.11	401,927	457	271	13.98	5.66%	39.97%	33,240	6.80%	47.9%
8979	Starts Proceed Investment Corporation	-1.37%	5.11%	0.92	49,461	88	107	16.20	5.50%	13.82%	24,875	7.77%	50.6%
3278	Kenedix Residential Next Investment Corporation	-11.86%	4.62%	1.00	167,612	250	152	14.06	5.54%	19.53%	40,665	6.05%	49.7%
3279	Activia Properties Inc.	-26.65%	4.70%	0.86	300,392	509	44	19.63	4.15%	19.62%	36,640	5.72%	46.5%
3281	GLP J-REIT	+19.67%	3.29%	1.36	644,446	645	78	16.71	5.23%	25.42%	42,528	5.63%	44.6%
3282	Comforia Residential REIT, Inc	-11.82%	3.60%	1.13	200,480	246	135	11.20	5.25%	23.64%	43,000	5.98%	50.0%
3283	Nippon Prologis REIT, Inc.	+21.81%	2.76%	1.51	847,019	696	49	7.74	5.31%	24.85%	47,430	2.98%	38.2%
3287	Hoshino Resorts REIT, Inc.	-10.14%	3.47%	0.98	114,037	162	61	23.69	6.71%	8.39%	35,720	5.60%	37.9%
3290	ONE REIT, Inc.	-20.76%	5.99%	0.85	57,218	102	25	31.24	5.56%	16.11%	28,560	7.13%	45.7%
3292	AEON REIT Investment Corporation	-15.24%	5.36%	0.83	218,803	391	41	15.51	6.41%	16.70%	31,300	5.42%	39.9%
3295	Hulic Reit, Inc.	-30.15%	5.23%	0.76	174,758	351	58	21.07	4.56%	17.27%	34,820	5.21%	43.9%
3296	NIPPON REIT Investment Corporation	-20.48%	5.21%	0.91	156,351	249	90	25.78	5.31%	17.64%	36,226	6.37%	47.0%
3298	Invesco Office J-REIT, Inc.	-30.94%	5.36%	0.81	125,924	229	19	24.16	5.24%	19.65%	30,320	6.39%	49.4%
3451	Tosei Reit Investment Corporation	-16.63%	6.59%	0.79	36,366	70	50	27.29	6.20%	14.38%	35,200	6.67%	46.5%
3309	Sekisui House Reit, Inc.	-20.02%	4.58%	0.88	311,786	533	121	10.85	4.42%	14.41%	33,270	4.90%	45.1%
3453	Kenedix Retail REIT Corporation	-23.34%	5.90%	0.83	114,098	228	63	15.29	5.30%	6.83%	31,383	5.61%	44.5%
3455	Healthcare & Medical Investment Corporation	-8.26%	5.25%	1.02	38,004	66	36	15.80	5.67%	7.48%	32,075	5.63%	47.6%
3459	Samty Residential Investment Corporation	-18.82%	5.88%	0.95	61,501	119	128	10.62	5.47%	5.63%	28,290	5.33%	50.7%
3462	Nomura Real Estate Master Fund, Inc.	-33.90%	5.22%	0.78	601,188	1,052	298	19.17	5.20%	13.88%	33,280	3.89%	42.8%
3463	Ichigo Hotel REIT Investment Corporation	-43.92%	2.41%	0.49	17,746	52	23	25.69	5.42%	9.08%	8,380	12.53%	41.5%
3466	LaSalle LOGIPORT REIT	+8.05%	3.45%	1.33	279,159	247	16	12.39	4.84%	10.53%	29,660	6.60%	42.6%
3468	Star Asia Investment Corporation	-24.42%	7.13%	0.75	73,087	169	54	23.06	4.71%	10.03%	31,130	5.46%	47.0%
3470	Marimo Regional Revitalization REIT,Inc.	-14.93%	6.76%	0.76	15,741	30	31	14.98	6.74%	20.72%	34,855	6.27%	48.5%
3471	Mitsui Fudosan Logistics Park Inc.	+21.49%	2.75%	1.54	236,817	205	18	5.11	5.34%	11.29%	29,484	4.07%	27.3%
3472	Ooedo Onsen Reit Investment Corporation	-26.13%	5.87%	0.62	15,439	37	14	39.39	7.09%	12.25%	19,265	5.13%	40.0%
3476	MIRAI Corporation	-33.56%	6.39%	0.80	65,825	151	33	23.78	4.72%	5.64%	25,300	6.88%	48.3%
3478	MORI TRUST Hotel Reit,Inc.	-19.15%	3.08%	0.79	56,150	109	5	14.09	4.41%	19.81%	17,270	6.90%	48.9%
3481	Mitsubishi Estate Logistics REIT Investment Corporation	+36.00%	3.05%	1.38	147,184	114	15	8.11	5.02%	8.39%	25,916	4.00%	30.0%
3487	CRE Logistics REIT,Inc.	+13.97%	4.45%	1.11	61,831	92	16	4.20	4.95%	8.15%	32,510	4.86%	45.9%
3488	XYMAX REIT Investment Corporation	-31.15%	6.71%	0.61	19,749	33	12	18.02	5.87%	29.84%	29,660	5.79%	31.9%
3492	Takara Leben Real Estate Investment Corporation	-23.81%	6.94%	0.77	39,960	87	36	22.21	5.00%	7.84%	30,000	7.31%	45.9%
3493	ITOCHU Advance Logistics Investment Corporation	+26.92%	3.56%	1.20	67,360	84	9	3.59	5.19%	10.73%	24,640	4.56%	38.8%
2971	ESCON JAPAN REIT Investment Corporation	-9.67%	6.59%	0.91	29,600	52	28	13.71	5.70%	10.05%	34,445	7.35%	43.6%
2972	SANKEI REAL ESTATE Inc.	-22.61%	5.60%	0.82	33,218	67	11	16.75	4.70%	6.13%	26,080	5.70%	44.6%
2979	SOSiLA Logistics REIT,Inc.		3.50%	1.27	69,437	77	7	2.87	5.30%	4.82%	23,630	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	Ooedo Onsen Reit	+1.86%
2	MORI TRUST Hotel	+1.17%
3	XYMAX REIT	+0.68%