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.	+5.09%	3.94%	1.02	1,035,053	1,457	67	24.09	4.05%	25.47%	48,000	6.59%	42.4%
8952	Japan Real Estate Investment Corporation	+1.78%	4.45%	0.91	774,749	1,138	76	22.14	3.93%	32.51%	48,500	6.94%	42.8%
8953	Japan Metropolitan Fund Investment Corporation	+0.65%	5.98%	0.81	666,773	1,311	146	22.62	4.38%	17.73%	44,320	4.99%	44.2%
8954	ORIX JREIT Inc.	+7.26%	4.49%	0.84	481,344	723	117	20.77	4.96%	36.18%	39,150	6.52%	43.4%
8955	Japan Prime Realty Investment Corporation	+7.77%	4.51%	0.90	352,502	510	66	25.53	4.46%	26.22%	39,895	5.52%	42.9%
8956	NTT UD REIT Investment Corporation	+9.84%	4.65%	0.91	195,184	307	61	25.39	4.84%	25.06%	30,600	5.81%	47.8%
8957	TOKYU REIT, Inc.	+3.12%	4.15%	0.82	164,726	253	29	25.26	4.28%	37.17%	35,000	7.64%	44.6%
8958	Global One Real Estate Investment Corporation	+0.09%	5.72%	0.76	106,834	199	14	18.35	4.24%	22.64%	48,760	5.51%	45.2%
8960	United Urban Investment Corporation	+5.63%	5.10%	0.89	459,390	705	141	26.72	5.54%	26.85%	45,900	7.02%	45.0%
8961	MORI TRUST Reit, Inc.	-11.48%	5.39%	0.84	224,992	462	20	21.86	3.59%	10.17%	34,090	5.76%	47.4%
8964	Frontier Real Estate Investment Corporation	-6.83%	5.66%	0.78	210,179	365	42	16.20	4.92%	31.34%	44,000	7.36%	38.2%
8966	HEIWA REAL ESTATE REIT, Inc.	-4.65%	5.97%	0.87	151,995	237	127	24.23	4.83%	25.98%	30,400	6.54%	45.8%
8967	Japan Logistics Fund, Inc.	+3.27%	4.86%	0.85	244,451	289	52	17.04	5.57%	60.61%	64,500	7.46%	43.7%
8968	Fukuoka REIT Corporation	-12.98%	5.45%	0.77	126,876	220	35	20.50	5.21%	27.59%	39,685	6.26%	44.8%
8972	KDX Investment Corporation	+2.17%	5.21%	0.85	615,976	1,200	353	21.06	4.47%	11.18%	31,492	5.31%	44.2%
8975	Ichigo Office REIT Investment Corporation	+5.48%	5.43%	0.88	128,749	225	91	31.59	5.13%	25.05%	31,465	7.61%	50.6%
8976	Daiwa Office Investment Corporation	-2.78%	4.77%	0.72	274,657	471	59	26.08	4.27%	31.62%	27,680	5.83%	44.7%
8977	Hankyu Hanshin REIT, Inc.	+4.13%	4.38%	0.80	99,900	180	35	19.34	4.61%	23.98%	31,450	5.04%	47.5%
8984	Daiwa House REIT Investment Corporation	-2.27%	5.48%	0.72	552,464	914	229	13.78	4.88%	29.71%	52,800	3.92%	43.6%
8985	Japan Hotel REIT Investment Corporation	-6.55%	6.51%	0.90	349,145	451	50	25.29	5.89%	34.13%	53,532	5.36%	40.8%
8986	Daiwa Securities Living Investment Corporation	-12.44%	5.64%	0.76	213,491	397	246	13.56	4.93%	27.60%	20,000	6.59%	51.2%
8987	Japan Excellent, Inc.	+4.03%	4.51%	0.77	167,052	282	32	21.39	4.58%	25.54%	28,500	5.65%	45.6%
8963	Invincible Investment Corporation	+4.05%	6.15%	1.00	490,902	653	145	31.83	6.88%	32.22%	25,966	8.84%	47.7%
3226	Nippon Accommodations Fund Inc.	-3.25%	3.93%	0.88	284,965	343	137	18.21	5.40%	57.92%	44,460	7.27%	51.0%
3234	Mori Hills REIT Investment Corporation	-0.23%	4.76%	0.83	248,931	402	11	23.29	3.61%	27.09%	30,900	6.19%	46.0%
3249	Industrial & Infrastructure Fund Investment Corporation	-4.18%	5.90%	0.85	296,737	525	110	22.72	5.42%	21.64%	55,200	7.08%	50.8%
3269	Advance Residence Investment Corporation	-6.97%	4.14%	0.86	411,271	495	289	17.67	5.62%	58.79%	35,616	6.39%	48.5%
8979	Starts Proceed Investment Corporation	-11.23%	5.44%	0.70	48,671	102	109	18.28	5.34%	21.97%	23,450	5.59%	51.3%
3279	Activia Properties Inc.	-12.18%	5.16%	0.76	268,524	542	45	22.64	3.91%	17.66%	34,964	5.02%	47.3%
3281	GLP J-REIT	+2.08%	4.90%	0.79	600,462	885	88	17.03	4.79%	35.93%	48,080	5.96%	44.6%
3282	Comforia Residential REIT, Inc	-8.92%	4.30%	0.81	208,039	327	170	13.71	4.89%	32.24%	45,840	5.92%	51.5%
3283	Nippon Prologis REIT, Inc.	-10.36%	4.91%	0.77	648,405	956	60	9.89	5.14%	41.69%	56,020	4.92%	38.0%
3287	Hoshino Resorts REIT, Inc.	-25.28%	4.75%	0.69	118,631	231	70	20.38	5.39%	13.08%	38,440	3.74%	38.6%
3290	ONE REIT, Inc.	-8.18%	6.05%	0.85	65,050	124	32	35.00	5.07%	14.50%	29,320	5.95%	48.5%
3292	AEON REIT Investment Corporation	-6.13%	5.40%	0.80	260,929	475	48	19.10	6.00%	21.67%	33,500	5.36%	41.1%
3295	Hulic Reit, Inc.	-4.75%	5.54%	0.77	207,792	417	67	22.99	4.27%	19.47%	40,000	5.20%	45.7%
3296	NIPPON REIT Investment Corporation	+0.40%	5.61%	0.77	145,361	251	105	28.64	4.93%	25.50%	36,896	7.29%	48.2%
3451	Tosei Reit Investment Corporation	-6.88%	5.77%	0.83	48,374	83	62	31.09	6.06%	20.97%	37,100	6.53%	47.7%
3309	Sekisui House Reit, Inc.	+5.01%	5.82%	0.89	340,003	562	134	12.10	4.18%	17.89%	45,200	7.96%	45.3%
3455	Healthcare & Medical Investment Corporation	-18.21%	5.92%	0.77	38,107	83	54	18.85	5.51%	15.01%	31,400	5.47%	49.9%
3459	Samty Residential Investment Corporation	-8.81%	5.55%	0.77	80,327	172	191	12.16	5.25%	13.48%	26,160	4.73%	50.0%
3462	Nomura Real Estate Master Fund, Inc.	-6.23%	4.86%	0.75	664,895	1,103	294	21.34	4.96%	25.03%	34,775	5.79%	44.1%
3463	Ichigo Hotel REIT Investment Corporation	+9.21%	5.89%	0.82	39,593	69	29	28.40	6.19%	12.18%	35,630	4.90%	43.3%
3466	LaSalle LOGIPORT REIT	-2.36%	5.43%	0.85	262,279	382	23	13.20	4.76%	23.59%	38,155	5.56%	42.1%
3468	Star Asia Investment Corporation	-7.49%	5.98%	0.87	139,455	277	74	20.72	5.01%	12.16%	31,060	5.77%	47.1%
3470	Marimo Regional Revitalization REIT,Inc.	-16.43%	6.03%	0.74	28,628	62	60	16.96	6.21%	19.13%	30,670	6.26%	48.7%
3471	Mitsui Fudosan Logistics Park Inc.	-2.99%	4.80%	0.83	328,731	577	49	7.39	4.82%	23.34%	39,179	3.96%	41.4%
3472	Nippon Hotel & Residential Investment Corporation	-10.95%	5.90%	0.66	20,745	49	23	36.33	6.39%	17.93%	19,660	4.07%	35.6%
3476	MIRAI Corporation	-5.41%	5.98%	0.80	80,017	178	43	27.86	4.66%	8.84%	25,100	5.45%	48.8%
3481	Mitsubishi Estate Logistics REIT Investment Corporation	-0.29%	5.05%	0.87	175,968	272	35	8.58	4.67%	17.58%	35,322	5.98%	40.0%
3487	CRE Logistics REIT,Inc.	+2.17%	5.17%	0.82	91,249	158	21	6.48	4.51%	19.40%	37,820	4.89%	44.2%
3488	XYMAX REIT Investment Corporation	-0.60%	5.86%	0.78	28,984	44	18	20.99	5.78%	26.40%	34,010	6.27%	40.7%
3492	Takara Leben Real Estate Investment Corporation	-11.02%	6.19%	0.83	79,424	173	80	18.00	4.71%	5.22%	27,000	5.33%	47.8%
2971	ESCON JAPAN REIT Investment Corporation	-2.42%	6.37%	0.87	40,755	70	37	15.54	4.93%	11.18%	36,000	5.81%	43.1%
2972	SANKEI REAL ESTATE Inc.	-5.30%	5.42%	0.73	39,236	96	17	16.65	4.02%	4.77%	22,760	4.34%	47.9%
2979	SOSiLA Logistics REIT,Inc.	-4.33%	5.55%	0.76	78,788	141	17	7.06	4.66%	19.02%	30,045	4.50%	42.4%
2989	Tokaido REIT,Inc.	-18.78%	6.44%	0.92	32,481	55	23	18.25	5.63%	5.87%	33,025	6.25%	46.9%

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	Advance Residence	+1.56%
2	Comforia Residential	+1.29%
3	Kenedix REIT	+0.87%