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.	+16.67%	3.09%	1.22	919,212	1,105	72	18.65	4.45%	23.39%	40,200	5.24%	40.9%
8952	Japan Real Estate Investment Corporation	+9.44%	3.16%	1.15	818,659	1,014	71	18.18	4.51%	23.65%	37,360	5.24%	43.2%
8953	Japan Retail Fund Investment Corporation	+0.72%	4.25%	0.99	545,595	889	98	16.42	5.25%	15.74%	35,440	5.70%	45.0%
8954	ORIX JREIT Inc.	+9.62%	3.89%	1.06	481,068	669	111	16.00	5.12%	19.76%	33,900	5.49%	43.7%
8955	Japan Prime Realty Investment Corporation	+5.38%	3.63%	1.22	370,585	435	62	22.22	4.65%	17.60%	36,450	5.65%	40.6%
8956	Premier Investment Corporation	+12.37%	4.44%	1.07	154,352	246	59	21.90	4.80%	10.24%	26,000	5.97%	45.5%
8957	TOKYU REIT, Inc.	+16.77%	3.68%	0.94	154,559	225	30	20.35	4.47%	25.56%	29,100	4.76%	42.6%
8958	Global One Real Estate Investment Corporation	+18.44%	3.68%	0.92	100,702	182	11	16.00	4.02%	14.27%	33,440	4.17%	49.7%
8960	United Urban Investment Corporation	+5.79%	4.02%	1.17	530,058	616	118	23.69	5.82%	19.92%	41,820	6.76%	39.5%
8961	MORI TRUST Sogo Reit, Inc.	-1.28%	4.51%	1.14	213,840	324	15	19.47	4.38%	10.74%	36,500	6.00%	47.2%
8964	Frontier Real Estate Investment Corporation	-3.00%	4.66%	1.04	216,752	304	35	12.15	5.50%	23.19%	40,720	6.72%	33.2%
8966	HEIWA REAL ESTATE REIT, Inc.	+22.03%	4.16%	0.98	113,561	169	101	18.27	5.18%	17.30%	18,600	10.15%	43.4%
8967	Japan Logistics Fund, Inc.	+8.40%	4.11%	0.92	205,284	271	46	12.40	5.62%	37.89%	46,150	6.12%	44.7%
8968	Fukuoka REIT Corporation	+8.16%	4.15%	1.10	137,151	193	28	16.11	5.75%	15.19%	35,750	5.64%	38.9%
8972	Kenedix Office Investment Corporation	+12.46%	3.75%	1.12	301,671	422	97	22.93	4.79%	11.91%	26,400	5.50%	43.9%
8975	Ichigo Office REIT Investment Corporation	+21.07%	4.23%	1.22	142,656	200	85	25.20	5.52%	15.01%	27,587	8.68%	46.9%
8976	Daiwa Office Investment Corporation	+17.60%	3.53%	1.03	332,017	444	57	21.82	4.01%	17.04%	23,850	4.65%	40.5%
8977	Hankyu Hanshin REIT, Inc.	+6.07%	4.28%	0.91	90,348	154	27	18.09	4.98%	15.67%	30,250	4.81%	43.6%
8984	Daiwa House REIT Investment Corporation	-4.08%	4.10%	1.03	488,687	675	214	9.67	5.41%	11.30%	41,600	3.83%	41.4%
8985	Japan Hotel REIT Investment Corporation	+6.68%	4.77%	1.10	326,884	309	41	20.36	7.06%	38.51%	46,680	6.93%	39.9%
8986	Japan Rental Housing Investments Inc.	+12.06%	4.37%	1.07	146,293	225	198	14.80	5.79%	17.67%	15,600	5.84%	50.9%
8987	Japan Excellent, Inc.	+9.75%	3.73%	1.09	194,027	274	31	21.67	5.01%	14.78%	27,750	4.68%	44.4%
8963	Invincible Investment Corporation	-0.21%	7.22%	0.92	267,865	449	129	19.77	5.81%	21.03%	22,121	8.58%	50.6%
3226	Nippon Accommodations Fund Inc.	+20.42%	3.65%	1.27	248,560	306	123	12.79	5.45%	21.26%	37,400	6.40%	50.0%
3227	MCUBS MidCity Investment Corporation	+13.93%	6.04%	1.00	141,144	268	22	23.88	4.31%	1.87%	25,925	4.00%	42.5%
3234	Mori Hills REIT Investment Corporation	+5.16%	3.98%	1.15	263,619	391	11	17.64	3.81%	11.06%	27,950	5.42%	46.4%
3249	Industrial & Infrastructure Fund Investment Corporation	-1.27%	4.69%	1.12	194,345	275	66	20.90	5.91%	17.53%	42,880	7.17%	50.1%
3269	Advance Residence Investment Corporation	+8.67%	3.73%	1.28	387,585	448	264	12.33	5.65%	28.77%	32,094	6.48%	49.9%
8979	Starts Proceed Investment Corporation	+6.16%	5.12%	0.86	43,806	86	107	15.21	5.54%	10.29%	21,825	5.53%	50.5%
3278	Kenedix Residential Next Investment Corporation	+16.21%	4.45%	1.08	148,622	222	139	12.98	5.61%	15.90%	38,025	11.06%	49.7%
3279	Activia Properties Inc.	+6.80%	3.97%	1.15	334,679	431	42	16.76	4.62%	17.19%	38,004	5.92%	44.7%
3281	GLP J-REIT	-4.03%	4.63%	1.04	429,343	609	76	14.97	5.43%	23.99%	41,528	5.99%	48.4%
3282	Comforia Residential REIT, Inc	+16.14%	3.70%	1.17	157,138	206	118	10.08	5.26%	16.79%	39,600	6.25%	51.0%
3283	Nippon Prologis REIT, Inc.	-3.81%	3.80%	1.13	508,233	560	40	7.36	5.44%	22.51%	44,155	4.76%	36.4%
3287	Hoshino Resorts REIT, Inc.	-2.67%	4.70%	1.01	121,137	147	56	22.94	6.70%	11.71%	51,292	5.25%	35.0%
3290	ONE REIT, Inc.	+10.93%	5.43%	0.99	59,881	102	26	29.27	5.30%	11.35%	27,100	7.84%	45.8%
3292	AEON REIT Investment Corporation	+6.75%	4.80%	0.93	222,168	363	39	14.21	6.51%	14.13%	29,975	5.35%	41.4%
3295	Hulic Reit, Inc.	-0.06%	4.23%	1.00	178,488	276	46	17.97	4.61%	14.66%	34,000	5.82%	42.1%
3296	NIPPON REIT Investment Corporation	+14.11%	4.60%	1.12	165,574	248	87	24.55	5.13%	10.33%	33,858	5.96%	46.0%
3298	Invesco Office J-REIT, Inc.	+20.52%	5.24%	1.11	140,627	220	18	22.55	5.25%	12.44%	34,080	6.46%	49.6%
3308	Nippon Healthcare Investment Corporation	+7.10%	4.64%	0.89	13,284	19	22	10.77	6.24%	24.82%	41,300	4.77%	46.3%
3451	Tosei Reit Investment Corporation	+4.45%	6.21%	0.93	26,956	46	31	25.08	6.20%	11.44%	35,695	6.75%	46.8%
3309	Sekisui House Reit, Inc.	+11.60%	4.18%	1.00	275,009	441	113	9.10	4.18%	18.58%	30,570	4.69%	40.7%
3453	Kenedix Retail REIT Corporation	+5.59%	5.24%	0.96	120,833	213	53	14.01	5.32%	5.89%	31,150	5.46%	42.9%
3455	Healthcare & Medical Investment Corporation	+14.52%	5.56%	0.95	21,628	41	25	15.65	5.64%	7.02%	31,150	5.17%	48.8%
3459	Samty Residential Investment Corporation	+2.96%	5.96%	0.94	45,520	89	92	8.82	5.76%	4.55%	26,925	4.91%	51.2%
3462	Nomura Real Estate Master Fund, Inc.	+5.07%	4.17%	0.98	645,245	956	281	18.96	5.14%	9.45%	31,110	3.89%	44.6%
3463	Ichigo Hotel REIT Investment Corporation	+18.05%	6.28%	0.94	35,186	51	21	25.32	6.49%	11.10%	43,360	5.31%	39.1%
3466	LaSalle LOGIPORT REIT	-5.04%	4.96%	0.97	114,070	190	11	12.25	4.82%	6.67%	25,725	4.73%	38.6%
3468	Star Asia Investment Corporation	+0.67%	6.61%	0.95	57,111	107	35	20.09	5.12%	8.18%	34,900	5.57%	46.2%
3470	Marimo Regional Revitalization REIT,Inc.	+6.98%	6.10%	0.92	14,809	25	25	13.30	7.03%	15.88%	34,150	6.28%	47.8%
3471	Mitsui Fudosan Logistics Park Inc.	+2.44%	3.57%	1.10	88,423	98	12	4.23	5.40%	8.82%	24,056	3.97%	23.9%
3472	Ooedo Onsen Reit Investment Corporation	-4.54%	5.61%	0.85	20,310	37	14	37.47	7.32%	8.45%	24,225	5.39%	42.2%
3473	SAKURA SOGO REIT Investment Corporation	-1.98%	5.84%	0.92	29,637	56	17	22.07	5.65%	5.36%	26,000	6.16%	46.2%
3476	MIRAI Corporation	+6.19%	6.04%	1.03	63,432	124	24	22.49	4.64%	1.96%	28,250	6.43%	49.1%
3478	MORI TRUST Hotel Reit,Inc.	-4.06%	4.36%	1.08	68,500	102	4	11.60	4.10%	13.20%	29,880	6.00%	46.6%
3481	Mitsubishi Estate Logistics REIT Investment Corporation	-10.49%	4.33%	0.96	61,847	83	10	6.75	5.55%	4.78%	21,780	3.95%	27.5%
3487	CRE Logistics REIT,Inc.	-0.64%	5.71%	0.95	25,265	48	7	1.78	5.31%	5.34%	31,185	4.28%	49.3%
3488	XYMAX REIT Investment Corporation	+4.91%	5.66%		25,289	33	12	16.10			32,050
3492	Takara Leben Real Estate Investment Corporation	-1.90%	6.97%		30,404	64	27	25.55			30,655
3493	ITOCHU Advance Logistics Investment Corporation	-1.27%	4.55%		33,357	54	7	2.11			21,233

What's New

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
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

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	ONE REIT	+0.73%
2	Nippon Prologis	+0.56%
3	Star Asia	+0.48%