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.	+13.80%	2.71%	1.45	1,129,600	1,133	71	19.22	4.55%	25.79%	43,300	5.73%	41.7%
8952	Japan Real Estate Investment Corporation	+19.45%	2.81%	1.32	1,020,900	1,023	73	19.21	4.50%	29.49%	41,400	5.81%	40.4%
8953	Japan Retail Fund Investment Corporation	+8.92%	3.76%	1.09	632,775	877	100	17.31	4.34%	19.39%	36,400	5.86%	44.9%
8954	ORIX JREIT Inc.	+30.64%	3.14%	1.30	646,116	669	111	17.17	5.25%	26.09%	36,800	5.79%	43.1%
8955	Japan Prime Realty Investment Corporation	+9.75%	3.12%	1.36	441,656	440	63	22.95	4.78%	22.71%	37,325	6.08%	40.9%
8956	Premier Investment Corporation	+28.29%	3.57%	1.29	207,822	244	58	23.07	4.83%	17.63%	28,200	6.90%	44.8%
8957	TOKYU REIT, Inc.	+23.74%	3.28%	1.13	198,746	231	32	21.44	4.46%	30.56%	33,350	5.07%	42.2%
8958	Global One Real Estate Investment Corporation	+19.90%	3.38%	1.04	134,471	191	11	16.04	4.02%	19.57%	37,800	5.37%	46.9%
8960	United Urban Investment Corporation	+20.30%	3.32%	1.36	652,356	644	122	24.01	5.39%	22.61%	41,640	6.96%	41.5%
8961	MORI TRUST Sogo Reit, Inc.	+20.87%	3.84%	1.23	256,080	324	15	20.64	4.36%	17.78%	37,230	6.11%	47.2%
8964	Frontier Real Estate Investment Corporation	+8.97%	4.45%	1.09	246,006	332	36	12.04	5.40%	24.23%	42,200	6.22%	38.0%
8966	HEIWA REAL ESTATE REIT, Inc.	+13.64%	3.61%	1.11	137,816	175	104	19.52	5.19%	21.01%	19,600	5.42%	44.5%
8967	Japan Logistics Fund, Inc.	+21.55%	3.55%	1.08	248,081	278	50	12.80	5.65%	41.19%	48,700	6.40%	44.8%
8968	Fukuoka REIT Corporation	+10.21%	3.95%	1.11	147,738	196	29	17.05	5.70%	18.57%	36,650	5.72%	39.7%
8972	Kenedix Office Investment Corporation	+9.28%	3.41%	1.18	343,237	426	97	24.23	4.89%	17.57%	27,300	5.43%	41.7%
8975	Ichigo Office REIT Investment Corporation	+20.17%	3.74%	1.40	171,616	203	85	26.43	5.64%	17.13%	29,330	7.25%	48.1%
8976	Daiwa Office Investment Corporation	+14.59%	3.30%	1.15	393,993	461	59	22.10	4.36%	20.99%	26,400	4.98%	42.1%
8977	Hankyu Hanshin REIT, Inc.	+17.79%	3.68%	1.04	117,836	167	30	16.34	4.81%	18.03%	31,200	5.18%	43.6%
8984	Daiwa House REIT Investment Corporation	+18.70%	3.87%	1.10	605,900	744	224	10.47	5.23%	14.43%	45,240	3.93%	41.5%
8985	Japan Hotel REIT Investment Corporation	+5.80%	4.30%	1.13	382,869	375	43	21.79	6.99%	42.61%	44,232	7.97%	39.0%
8986	Japan Rental Housing Investments Inc.	+23.85%	3.96%	1.12	172,042	228	193	15.36	5.71%	25.72%	16,600	6.19%	50.9%
8987	Japan Excellent, Inc.	+19.08%	3.18%	1.23	236,332	281	33	22.42	5.05%	20.33%	28,750	5.18%	44.2%
8963	Invincible Investment Corporation	+36.46%	5.39%	1.22	390,198	501	147	22.81	5.60%	20.67%	22,673	18.38%	48.9%
3226	Nippon Accommodations Fund Inc.	+24.21%	2.92%	1.48	325,599	310	126	13.99	5.41%	29.40%	39,240	7.89%	51.0%
3227	MCUBS MidCity Investment Corporation	+30.03%	3.41%	1.24	207,746	288	25	24.22	4.47%	6.54%	19,925	7.09%	42.2%
3234	Mori Hills REIT Investment Corporation	+25.50%	3.26%	1.30	329,430	391	11	18.81	3.82%	16.53%	28,650	5.52%	45.7%
3249	Industrial & Infrastructure Fund Investment Corporation	+50.37%	3.58%	1.53	295,116	298	71	22.00	5.85%	18.72%	47,080	7.38%	49.9%
3269	Advance Residence Investment Corporation	+10.33%	3.27%	1.35	466,053	452	268	13.41	5.70%	36.12%	33,000	6.51%	49.9%
8979	Starts Proceed Investment Corporation	+20.54%	4.42%	0.95	50,781	87	106	16.18	5.58%	13.58%	22,100	5.52%	51.1%
3278	Kenedix Residential Next Investment Corporation	+26.30%	3.86%	1.25	191,292	235	145	13.91	5.61%	17.21%	40,645	6.36%	49.4%
3279	Activia Properties Inc.	+18.24%	3.68%	1.22	414,919	499	44	18.28	4.47%	18.40%	39,620	6.05%	45.6%
3281	GLP J-REIT	+23.70%	3.74%	1.19	530,162	608	75	16.10	5.25%	23.41%	41,352	5.99%	44.7%
3282	Comforia Residential REIT, Inc	+17.05%	3.04%	1.35	216,922	228	127	10.95	5.27%	20.62%	41,200	5.90%	50.1%
3283	Nippon Prologis REIT, Inc.	+19.92%	3.14%	1.31	666,219	641	46	7.62	5.40%	26.27%	44,540	5.10%	37.7%
3287	Hoshino Resorts REIT, Inc.	+9.32%	4.70%	1.02	124,908	156	59	23.46	6.84%	12.21%	52,920	5.50%	35.8%
3290	ONE REIT, Inc.	+33.67%	4.47%	1.25	82,288	104	26	30.50	5.40%	14.40%	30,660	6.34%	46.3%
3292	AEON REIT Investment Corporation	+16.50%	4.16%	1.08	276,502	381	40	15.01	6.48%	15.06%	30,725	5.59%	41.4%
3295	Hulic Reit, Inc.	+17.52%	3.56%	1.12	255,184	325	53	21.75	4.49%	17.03%	34,600	5.18%	44.3%
3296	NIPPON REIT Investment Corporation	+28.83%	3.72%	1.32	212,142	249	90	25.03	5.08%	13.65%	35,084	6.67%	46.9%
3298	Invesco Office J-REIT, Inc.	+28.33%	3.70%	1.26	184,215	228	19	23.38	5.15%	16.16%	30,640	6.49%	49.4%
3308	Nippon Healthcare Investment Corporation	+28.21%	3.99%	1.05	15,807	20	23	11.76	6.26%	26.40%	42,300	5.03%	46.6%
3451	Tosei Reit Investment Corporation	+22.18%	5.37%	1.01	44,486	64	47	26.26	6.18%	14.18%	35,500	8.20%	46.7%
3309	Sekisui House Reit, Inc.	+36.83%	3.44%	1.22	403,135	527	119	10.13	4.46%	11.91%	32,320	4.84%	45.3%
3453	Kenedix Retail REIT Corporation	+12.62%	4.69%	1.10	148,843	225	61	14.63	5.13%	7.23%	32,518	5.63%	44.9%
3455	Healthcare & Medical Investment Corporation	+16.16%	4.96%	1.09	40,461	65	35	15.26	5.78%	7.16%	32,270	6.31%	47.5%
3459	Samty Residential Investment Corporation	+31.73%	4.79%	1.14	68,149	110	118	9.80	5.48%	5.71%	27,520	7.24%	51.6%
3462	Nomura Real Estate Master Fund, Inc.	+30.56%	3.41%	1.21	876,265	1,011	289	19.13	5.08%	12.42%	32,825	3.86%	43.9%
3463	Ichigo Hotel REIT Investment Corporation	-0.37%	5.74%	0.91	34,192	51	22	28.17	6.24%	10.50%	38,505	5.01%	43.0%
3466	LaSalle LOGIPORT REIT	+55.93%	3.86%	1.41	225,713	246	16	11.68	4.72%	9.64%	31,930	6.01%	43.5%
3468	Star Asia Investment Corporation	+10.11%	4.80%	1.01	62,411	103	34	21.30	4.99%	8.79%	27,700	7.24%	46.8%
3470	Marimo Regional Revitalization REIT,Inc.	+19.38%	5.23%	1.04	17,204	25	26	14.13	6.81%	18.13%	34,000	6.37%	49.1%
3471	Mitsui Fudosan Logistics Park Inc.	+45.69%	2.72%	1.49	179,457	157	16	4.93	5.40%	9.03%	25,774	4.06%	29.1%
3472	Ooedo Onsen Reit Investment Corporation	+13.92%	5.01%	0.89	21,958	37	14	38.64	7.18%	11.05%	23,370	5.29%	40.6%
3473	SAKURA SOGO REIT Investment Corporation	+10.29%	4.30%	0.95	31,402	58	18	23.10	5.61%	6.57%	20,290	5.93%	46.1%
3476	MIRAI Corporation	+28.78%	5.42%	1.22	92,526	141	29	22.12	4.88%	4.57%	31,700	6.46%	49.0%
3478	MORI TRUST Hotel Reit,Inc.	+13.73%	4.65%	1.07	73,300	109	5	13.34	4.20%	18.49%	34,100	6.19%	45.5%
3481	Mitsubishi Estate Logistics REIT Investment Corporation	+40.63%	3.43%	1.21	104,895	114	15	7.36	4.91%	8.27%	23,544	3.87%	22.5%
3487	CRE Logistics REIT,Inc.	+29.66%	4.41%	1.16	35,362	54	9	2.79	4.93%	7.36%	30,095	4.90%	47.9%
3488	XYMAX REIT Investment Corporation	+22.02%	4.41%	0.94	30,449	33	12	17.27	5.83%	29.48%	30,025	5.81%	31.9%
3492	Takara Leben Real Estate Investment Corporation	+38.75%	5.60%	1.13	55,639	86	35	21.47	4.50%	6.53%	33,700	9.58%	49.5%
3493	ITOCHU Advance Logistics Investment Corporation	+38.82%	3.99%	1.04	41,893	59	8	3.45	5.25%	8.65%	23,380	4.09%	39.5%
2971	ESCON JAPAN REIT Investment Corporation		5.49%	1.11	29,957	42	25	17.87	5.78%	9.50%	34,705	5.73%	43.7%
2972	SANKEI REAL ESTATE Inc.		4.07%	1.12	44,243	67	11	16.00	4.70%	6.33%	25,235	1.82%	45.8%
2979	SOSiLA Logistics REIT,Inc.		3.85%		58,359	77	7	2.09			22,917

What's New

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
Jul. 27, 2018
3492 Takara Leben Real Estate Investment Corporation 7/27 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	SOSiLA Logistics	+1.79%
2	ESCON JAPAN REIT	+0.96%
3	MCUBS MidCity	+0.69%