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.	-8.59%	3.17%	1.16	811,900	1,107	74	18.92	4.19%	17.68%	36,400	4.63%	41.9%
8952	Japan Real Estate Investment Corporation	-8.40%	3.12%	1.18	742,379	944	69	18.08	4.41%	19.46%	35,340	4.78%	41.1%
8953	Japan Retail Fund Investment Corporation	-18.20%	4.11%	1.03	557,444	880	96	15.44	5.03%	14.30%	34,320	5.65%	44.4%
8954	ORIX JREIT Inc.	-11.00%	3.76%	1.04	436,036	640	110	14.86	5.11%	16.18%	30,600	5.95%	46.3%
8955	Japan Prime Realty Investment Corporation	-12.01%	3.57%	1.39	371,969	435	62	20.97	4.88%	9.14%	36,000	5.63%	43.7%
8956	Premier Investment Corporation	-21.34%	4.57%	1.02	142,762	249	59	20.92	4.85%	9.19%	24,750	5.40%	43.7%
8957	TOKYU REIT, Inc.	-10.81%	3.92%	0.91	132,269	222	28	19.18	4.21%	16.65%	26,500	5.14%	42.5%
8958	Global One Real Estate Investment Corporation	-5.79%	4.16%	0.77	83,851	182	11	14.75	3.95%	13.06%	31,160	3.79%	55.5%
8960	United Urban Investment Corporation	-15.43%	4.27%	1.13	482,398	622	123	22.89	5.32%	16.53%	40,500	5.59%	42.8%
8961	MORI TRUST Sogo Reit, Inc.	-7.56%	4.79%	1.34	235,620	328	15	18.01	4.32%	7.03%	42,750	5.94%	48.0%
8964	Frontier Real Estate Investment Corporation	-14.75%	4.31%	1.15	227,912	289	32	11.28	5.62%	19.74%	39,600	6.42%	31.5%
8966	HEIWA REAL ESTATE REIT, Inc.	+5.32%	4.76%	0.81	86,363	167	100	17.19	4.97%	11.25%	16,200	2.35%	43.4%
8967	Japan Logistics Fund, Inc.	-11.04%	3.73%	0.99	198,616	238	43	11.75	5.98%	39.43%	42,050	5.54%	34.2%
8968	Fukuoka REIT Corporation	-20.69%	4.15%	1.10	123,703	178	26	15.66	5.76%	12.86%	34,350	9.04%	38.1%
8972	Kenedix Office Investment Corporation	-7.91%	4.11%	1.00	240,502	395	97	22.98	4.63%	8.65%	24,400	4.50%	42.6%
8973	Sekisui House Residential Investment Corporation	-10.38%	3.94%	1.00	124,038	207	113	9.93	5.10%	13.00%	22,100	4.95%	50.3%
8975	Ichigo Office REIT Investment Corporation	-7.96%	5.40%	1.01	109,865	197	85	24.28	5.48%	11.17%	27,090	5.18%	45.7%
8976	Daiwa Office Investment Corporation	-14.76%	3.97%	0.91	270,343	473	54	21.45	3.87%	9.80%	21,570	4.14%	42.3%
8977	Hankyu REIT, Inc.	-0.37%	4.22%	0.93	80,663	142	23	17.13	4.87%	10.97%	28,500	4.27%	44.5%
8984	Daiwa House REIT Investment Corporation	-11.40%	3.76%	1.10	442,780	582	204	9.23	5.33%	9.43%	39,400	2.68%	41.9%
8985	Japan Hotel REIT Investment Corporation	-10.02%	4.53%	1.08	312,237	287	41	18.70	7.34%	39.94%	42,480	6.64%	39.7%
8986	Japan Rental Housing Investments Inc.	-9.59%	4.65%	1.00	129,893	227	200	13.61	5.73%	14.63%	14,720	5.62%	51.2%
8987	Japan Excellent, Inc.	-14.68%	4.23%	1.06	162,429	287	31	20.14	4.67%	4.72%	26,300	4.70%	46.6%
8963	Invincible Investment Corporation	-28.35%	6.23%	0.93	187,829	299	127	18.26	6.26%	26.26%	19,926	8.20%	51.3%
3226	Nippon Accommodations Fund Inc.	-7.34%	3.71%	1.18	214,159	302	121	11.67	5.31%	16.31%	32,800	5.97%	50.1%
3227	MCUBS MidCity Investment Corporation	-8.58%	4.92%	0.88	96,403	238	19	23.77	4.12%	-7.33%	16,000	3.35%	41.7%
3234	Mori Hills REIT Investment Corporation	-16.03%	3.79%	1.26	242,114	340	10	18.08	3.82%	5.59%	26,200	5.06%	44.7%
3249	Industrial & Infrastructure Fund Investment Corporation	-11.60%	3.99%	1.34	199,773	247	59	20.35	5.79%	17.44%	40,125	7.27%	52.7%
3269	Advance Residence Investment Corporation	-6.66%	3.66%	1.34	372,465	443	260	11.17	5.49%	23.11%	30,294	5.72%	49.6%
8979	Starts Proceed Investment Corporation	-13.70%	5.62%	0.77	38,157	82	111	14.35	5.60%	8.95%	20,875	5.25%	48.9%
3278	Kenedix Residential Investment Corporation	-5.10%	4.70%	0.93	96,174	155	113	11.35	5.50%	15.19%	32,350	5.55%	48.9%
3279	Activia Properties Inc.	-12.17%	3.92%	1.23	314,314	408	39	15.47	4.75%	15.19%	37,030	6.10%	47.7%
3281	GLP J-REIT	-10.14%	4.18%	1.14	336,378	443	63	13.26	5.42%	19.70%	39,472	5.86%	48.7%
3282	Comforia Residential REIT, Inc	-5.36%	3.99%	1.07	130,270	187	110	9.26	5.32%	15.79%	36,880	5.44%	51.6%
3283	Nippon Prologis REIT, Inc.	-7.08%	3.97%	1.25	442,845	461	34	7.23	5.58%	19.12%	46,140	5.11%	38.4%
3287	Hoshino Resorts REIT, Inc.	-10.33%	4.26%	1.05	96,695	113	49	20.28	6.90%	12.82%	47,694	5.14%	34.9%
3290	ONE REIT, Inc.	+3.48%	5.48%	0.87	41,134	89	22	24.76	5.03%	8.07%	23,820	5.40%	51.3%
3292	AEON REIT Investment Corporation	-3.25%	4.80%	0.97	199,908	331	35	12.57	6.40%	11.71%	29,325	5.47%	42.7%
3295	Hulic Reit, Inc.	-5.43%	3.92%	1.08	176,710	250	43	16.92	4.73%	13.75%	33,150	5.14%	39.8%
3296	NIPPON REIT Investment Corporation	+8.00%	5.52%	0.94	113,728	206	65	24.65	4.79%	5.85%	32,024	5.39%	45.7%
3298	Invesco Office J-REIT, Inc.	+11.50%	5.66%	0.89	83,838	162	14	19.54	5.07%	9.40%	29,070	7.30%	49.5%
3308	Nippon Healthcare Investment Corporation	-11.63%	4.95%	0.83	12,367	19	22	9.52	6.23%	23.67%	41,000	4.77%	46.1%
3451	Tosei Reit Investment Corporation	-7.02%	6.10%	0.85	19,419	36	23	23.11	6.36%	11.26%	32,305	6.84%	46.4%
3309	Sekisui House Reit, Inc.	-4.32%	4.13%	0.92	126,648	201	6	6.55	4.20%	15.62%	27,000	4.69%	40.8%
3453	Kenedix Retail REIT Corporation	-15.05%	5.23%	0.97	117,736	197	50	12.80	5.39%	5.09%	30,345	5.29%	40.4%
3455	Healthcare & Medical Investment Corporation	-4.88%	5.08%	0.91	19,562	38	24	13.71	5.58%	6.78%	25,740	4.48%	50.2%
3459	Samty Residential Investment Corporation	-4.43%	6.09%	0.89	24,395	52	49	8.30	5.69%	3.49%	26,250	4.55%	51.5%
3460	Japan Senior Living Investment Corporation	-6.43%	4.91%	0.71	12,085	28	14	17.23	6.05%	5.14%	17,500	3.84%	42.3%
3462	Nomura Real Estate Master Fund, Inc.	-10.67%	3.89%	1.03	633,744	927	268	18.97	5.12%	7.07%	29,500	3.14%	45.1%
3463	Ichigo Hotel REIT Investment Corporation	-23.38%	5.33%	0.83	29,468	49	20	24.64	6.38%	7.14%	30,505	4.90%	36.6%
3466	LaSalle LOGIPORT REIT	+3.97%	4.29%	1.05	121,000	173	9	11.89	5.33%	5.70%	23,570	5.07%	34.3%
3468	Star Asia Investment Corporation	+20.80%	7.93%	0.99	43,792	77	24	19.65	5.28%	6.59%	41,895	6.14%	44.8%
3470	Marimo Regional Revitalization REIT,Inc.	+12.88%	7.22%	0.81	8,369	17	18	13.43	7.86%	14.06%	33,210	0.68%	50.0%
3471	Mitsui Fudosan Logistics Park Inc.	+11.25%	3.22%	1.18	72,240	76	9	3.61	0.00%	3.88%	20,794	2.04%	24.5%
3472	Ooedo Onsen Reit Investment Corporation	+3.11%	5.43%	0.92	15,188	27	9	34.01	7.45%	2.85%	23,410	0.62%	44.0%
3473	SAKURA SOGO REIT Investment Corporation	+3.91%	6.69%	0.88	27,406	57	18	21.05	6.02%	3.10%	27,515	1.87%	48.0%
3476	MIRAI Corporation	+0.83%	6.02%	0.93	49,761	101	15	20.31	4.82%	1.71%	25,500	3.97%	47.0%
3478	MORI TRUST Hotel Reit,Inc.	+2.68%	4.03%	1.28	74,750	102	4	10.35	4.33%	8.41%	30,100	3.09%	47.1%

What's New

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
Sep. 8, 2016
3473 SAKURA SOGO REIT Investment Corporation, 9/8 Listing on TSE REIT Market
Aug. 31, 2016
3472 Ooedo Onsen Reit Investment Corporation, 8/31 Listing on TSE REIT Market
Aug. 2, 2016
3471 Mitsui Fudosan Logistics Park Inc. , 8/2 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 Maynds Tower	134
2	Roppongi Hills Mori Tower	115
3	Tokyo Shiodome Building	110
4	Shiodome Building	96
5	Kitanomaru Square	82

Unit Price Growth Rankings

1	ONE REIT	+2.11%
2	Activia Properties	+1.83%
3	TOKYU REIT	+1.42%