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.	+12.93%	3.32%	1.21	1,268,955	1,505	69	23.80	4.16%	25.96%	48,680	6.66%	42.6%
8952	Japan Real Estate Investment Corporation	+16.13%	3.87%	1.08	931,976	1,157	77	22.30	4.05%	32.72%	50,720	6.97%	43.5%
8953	Japan Metropolitan Fund Investment Corporation	+32.07%	4.76%	1.00	876,803	1,346	158	22.42	4.56%	21.48%	46,416	6.16%	45.4%
8954	ORIX JREIT Inc.	+34.25%	4.44%	1.00	593,952	762	119	20.40	5.02%	37.01%	47,800	6.34%	43.2%
8955	Japan Prime Realty Investment Corporation	+26.41%	3.84%	1.08	419,957	534	66	25.59	4.42%	26.04%	40,850	7.62%	43.6%
8956	NTT UD REIT Investment Corporation	+28.32%	4.49%	0.96	205,553	299	61	25.37	4.65%	25.42%	31,400	6.24%	48.0%
8957	TOKYU REIT, Inc.	+31.59%	3.92%	0.96	196,216	250	29	25.79	4.25%	40.62%	40,000	7.96%	43.6%
8958	Global One Real Estate Investment Corporation	+45.44%	4.84%	1.02	140,989	184	14	18.90	4.09%	25.26%	56,112	7.45%	44.4%
8960	United Urban Investment Corporation	+37.65%	4.50%	1.10	585,569	706	142	26.95	5.43%	28.97%	51,600	6.63%	45.3%
8961	MORI TRUST Reit, Inc.	+29.64%	4.52%	1.01	283,376	464	20	22.54	3.75%	12.72%	36,000	5.90%	47.3%
8964	Frontier Real Estate Investment Corporation	+13.83%	4.77%	0.91	249,401	375	43	16.50	4.92%	31.96%	44,000	6.75%	40.2%
8966	HEIWA REAL ESTATE REIT, Inc.	+32.28%	4.98%	1.07	199,494	256	133	24.87	4.73%	27.09%	31,760	7.79%	48.0%
8967	Japan Logistics Fund, Inc.	+12.98%	4.16%	0.97	283,679	293	53	17.60	5.64%	63.26%	64,500	8.76%	44.1%
8968	Fukuoka REIT Corporation	+36.38%	4.13%	0.99	168,377	232	37	20.08	5.29%	28.15%	40,000	7.05%	42.5%
8972	KDX Investment Corporation	+18.95%	4.77%	0.98	704,840	1,181	341	21.55	4.58%	11.37%	33,328	5.38%	44.8%
8975	Ichigo Office REIT Investment Corporation	+24.55%	4.66%	1.02	150,567	220	87	32.36	5.27%	27.17%	31,962	9.72%	50.3%
8976	Daiwa Office Investment Corporation	+26.47%	3.85%	0.96	365,001	472	59	26.75	4.39%	32.74%	29,800	5.70%	44.6%
8977	Hankyu Hanshin REIT, Inc.	+48.84%	3.63%	0.97	124,580	178	37	20.54	4.73%	25.54%	32,500	5.61%	47.5%
8984	Daiwa House REIT Investment Corporation	+18.74%	4.58%	0.82	632,568	903	229	14.35	4.99%	30.76%	50,520	5.24%	43.2%
8985	Japan Hotel REIT Investment Corporation	+32.99%	5.30%	1.07	464,337	515	51	26.53	6.81%	39.94%	57,960	6.43%	41.1%
8986	Daiwa Securities Living Investment Corporation	+24.59%	4.21%	0.98	272,009	399	243	13.81	5.02%	27.52%	19,200	7.64%	50.9%
8987	Japan Excellent, Inc.	+26.97%	3.99%	0.90	193,831	294	33	21.73	4.74%	27.07%	30,000	6.15%	45.1%
8963	Invincible Investment Corporation	+9.64%	5.80%	1.05	530,664	687	155	33.20	6.93%	29.53%	26,432	8.25%	47.2%
3226	Mitsui Fudosan Accommodations Fund Inc.	+12.44%	3.52%	1.01	334,557	348	140	18.85	5.62%	59.59%	46,810	7.67%	51.1%
3234	Mori Hills REIT Investment Corporation	+17.57%	4.14%	0.95	282,747	408	11	23.71	3.56%	26.87%	31,000	6.09%	46.1%
3249	Industrial & Infrastructure Fund Investment Corporation	+30.83%	5.28%	1.05	379,925	532	109	22.96	5.52%	24.27%	63,280	7.61%	50.8%
3269	Advance Residence Investment Corporation	+11.89%	3.66%	0.99	484,321	495	284	18.13	5.76%	61.56%	37,272	7.54%	48.9%
8979	Starts Proceed Investment Corporation	+18.74%	4.49%	0.82	55,573	101	107	18.71	5.38%	23.12%	22,900	5.94%	52.2%
3279	Activia Properties Inc.	+33.22%	4.16%	0.95	342,427	543	45	23.30	4.03%	19.10%	36,000	5.19%	47.3%
3281	GLP J-REIT	+11.84%	4.43%	0.92	693,272	867	85	17.74	4.82%	38.56%	51,168	6.71%	45.2%
3282	Comforia Residential REIT, Inc	+14.23%	3.70%	0.99	258,683	340	175	14.11	4.94%	31.32%	49,084	6.04%	52.6%
3283	Nippon Prologis REIT, Inc.	+13.55%	4.09%	0.93	780,187	962	60	10.59	5.16%	40.65%	57,015	6.20%	40.4%
3287	Hoshino Resorts REIT, Inc.	+17.13%	4.66%	0.88	155,832	229	70	20.71	5.55%	14.93%	49,600	3.88%	39.4%
3290	ONE REIT, Inc.	+20.40%	4.78%	0.94	73,533	124	29	34.26	5.19%	15.50%	26,160	6.99%	48.3%
3292	AEON REIT Investment Corporation	+5.85%	5.07%	0.84	281,744	482	52	19.75	6.00%	23.66%	33,950	5.85%	42.5%
3295	Hulic Reit, Inc.	+31.71%	4.61%	0.91	249,984	419	66	22.15	4.29%	20.00%	40,000	5.94%	47.9%
3296	NIPPON REIT Investment Corporation	+27.82%	4.61%	0.92	179,137	256	102	24.76	5.01%	27.11%	37,368	9.34%	48.4%
3451	Tosei Reit Investment Corporation	+20.45%	5.00%	0.95	56,318	84	63	31.71	6.22%	21.86%	37,400	6.73%	47.6%
3309	Sekisui House Reit, Inc.	+9.93%	4.28%	0.92	347,761	556	138	11.31	4.27%	17.34%	34,620	7.03%	47.0%
3455	Healthcare & Medical Investment Corporation	+11.63%	5.42%	0.85	42,457	86	56	19.35	5.49%	15.64%	32,000	5.32%	50.7%
3459	Samty Residential Investment Corporation	+30.01%	5.13%	0.95	101,219	171	189	12.11	5.32%	13.89%	30,475	5.23%	51.3%
3462	Nomura Real Estate Master Fund, Inc.	+19.42%	4.29%	0.87	782,912	1,100	285	21.50	5.06%	26.54%	36,150	5.35%	44.5%
3463	Ichigo Hotel REIT Investment Corporation	+1.95%	5.05%	0.81	44,506	73	30	25.75	7.35%	21.62%	34,325	6.76%	45.5%
3466	LaSalle LOGIPORT REIT	+6.93%	4.55%	0.92	276,910	378	23	13.76	4.91%	25.13%	35,080	5.90%	43.0%
3468	Star Asia Investment Corporation	+26.84%	5.32%	0.96	171,431	283	75	21.36	5.33%	17.58%	33,950	6.73%	47.3%
3470	Marimo Regional Revitalization REIT,Inc.	+3.94%	5.45%	0.79	31,921	61	60	17.23	6.27%	18.31%	30,905	6.13%	48.5%
3471	Mitsui Fudosan Logistics Park Inc.	+17.00%	4.92%	0.97	374,451	540	45	7.89	4.36%	18.07%	45,784	14.47%	39.3%
3472	Nippon Hotel & Residential Investment Corporation	+19.04%	5.12%	0.80	26,250	49	23	36.27	6.23%	16.25%	21,620	4.81%	43.4%
3476	MIRAI Corporation	+26.27%	5.07%	0.93	94,895	178	44	28.32	4.84%	10.08%	25,200	5.92%	48.8%
3481	Mitsubishi Estate Logistics REIT Investment Corporation	+8.24%	4.43%	0.91	189,933	281	37	9.06	4.69%	20.18%	34,002	6.03%	40.1%
3487	CRE Logistics REIT,Inc.	+16.26%	4.74%	0.88	99,965	157	20	7.14	4.62%	21.40%	38,295	5.36%	44.3%
3488	XYMAX REIT Investment Corporation	+7.80%	5.34%	0.77	29,334	44	18	21.66	5.82%	28.51%	31,360	7.11%	40.9%
3492	Takara Leben Real Estate Investment Corporation	+12.91%	5.67%	0.90	86,801	173	79	18.40	4.85%	5.40%	27,000	5.95%	48.7%
2971	ESCON JAPAN REIT Investment Corporation	+10.76%	5.60%	0.96	45,300	72	38	16.21	6.12%	11.44%	35,160	6.96%	43.7%
2972	SANKEI REAL ESTATE Inc.	+29.22%	4.94%	0.94	47,504	94	16	17.11	4.18%	1.29%	25,110	4.56%	47.8%
2979	SOSiLA Logistics REIT,Inc.	+18.23%	4.43%	0.89	93,411	144	17	7.66	4.39%	19.65%	28,450	4.97%	43.7%
2989	Tokaido REIT,Inc.	+10.95%	5.54%	1.04	37,234	62	29	18.42	5.89%	5.98%	32,555	6.50%	48.1%
401A	Kasumigaseki Hotel REIT Investment Corporation		5.44%		30,712	49	15	2.33			29,075

What's New

Oct. 11, 2024
J-REIT市況月次レポート　2024年9月
Jul. 28, 2023
マーケットコラム「J-REIT投資で「巡航分配金」という呪縛を解いても良いと思う理由」
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

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	IIDABASHI GRAND BLOOM	139
3	Roppongi Hills Mori Tower	115
4	Shiodome Building	107
5	Tokyo Shiodome Building	83

Unit Price Growth Rankings

1	Mitsui Fudosan Logistics	+2.29%
2	Star Asia	+2.08%
3	SOSiLA Logistics	+2.07%