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.	-13.51%	3.63%	1.07	1,078,428	1,437	70	23.12	4.24%	24.74%	46,000	7.23%	42.0%
8952	Japan Real Estate Investment Corporation	-12.77%	3.74%	1.02	832,511	1,091	73	20.87	4.42%	31.62%	45,000	6.23%	43.5%
8953	Japan Metropolitan Fund Investment Corporation	-2.30%	4.29%	0.98	742,940	1,218	127	20.93	4.53%	13.07%	36,480	5.46%	44.1%
8954	ORIX JREIT Inc.	-8.71%	4.28%	0.95	503,424	691	111	19.45	4.75%	30.74%	39,000	5.40%	43.6%
8955	Japan Prime Realty Investment Corporation	-4.56%	3.96%	0.99	386,406	492	67	24.22	4.53%	27.53%	38,375	6.36%	40.0%
8956	NTT UD REIT Investment Corporation	-4.14%	3.71%	1.03	204,639	273	58	23.50	4.64%	25.56%	27,050	8.22%	45.5%
8957	TOKYU REIT, Inc.	+2.91%	3.40%	0.97	189,948	232	31	24.82	4.00%	39.51%	33,000	11.78%	41.6%
8958	Global One Real Estate Investment Corporation	-8.13%	4.40%	0.81	104,010	191	11	18.79	4.27%	20.04%	38,608	4.75%	47.4%
8960	United Urban Investment Corporation	-3.61%	4.22%	0.91	458,396	681	136	24.95	4.77%	24.75%	37,200	5.31%	43.4%
8961	MORI TRUST Sogo Reit, Inc.	-9.27%	4.28%	0.95	183,480	325	16	22.06	3.20%	12.74%	29,750	5.69%	47.4%
8964	Frontier Real Estate Investment Corporation	+2.79%	4.27%	1.12	278,615	360	40	14.35	5.08%	25.24%	43,960	6.96%	37.4%
8966	HEIWA REAL ESTATE REIT, Inc.	-9.18%	4.17%	1.09	166,392	213	120	22.30	5.02%	26.11%	24,920	6.12%	46.1%
8967	Japan Logistics Fund, Inc.	-10.32%	3.39%	1.03	283,936	291	52	14.65	5.57%	56.93%	51,600	6.50%	44.1%
8968	Fukuoka REIT Corporation	-3.63%	4.25%	0.93	131,181	206	33	19.44	5.33%	23.12%	35,000	5.58%	41.5%
8972	Kenedix Office Investment Corporation	-12.44%	4.23%	0.88	289,673	458	98	26.52	4.75%	25.38%	28,580	5.65%	44.1%
8975	Ichigo Office REIT Investment Corporation	-8.09%	4.87%	0.97	127,274	209	86	29.33	5.52%	22.25%	28,693	7.24%	48.8%
8976	Daiwa Office Investment Corporation	-12.22%	4.07%	0.85	322,329	467	59	24.29	4.39%	30.27%	27,200	6.00%	42.6%
8977	Hankyu Hanshin REIT, Inc.	-9.29%	3.98%	0.90	104,558	169	32	17.52	4.63%	20.14%	29,900	4.83%	43.9%
8984	Daiwa House REIT Investment Corporation	-11.26%	3.74%	1.01	694,840	895	230	11.83	5.03%	20.42%	44,800	4.50%	42.2%
8985	Japan Hotel REIT Investment Corporation	+0.45%	0.49%	0.90	302,416	364	41	24.32	1.72%	35.48%	3,996	0.59%	41.8%
8986	Daiwa Securities Living Investment Corporation	-1.80%	3.82%	1.07	252,901	346	240	14.24	5.29%	25.08%	17,520	5.60%	51.0%
8987	Japan Excellent, Inc.	-5.70%	4.28%	0.79	174,958	293	36	22.50	4.58%	27.82%	28,000	5.50%	43.1%
8963	Invincible Investment Corporation	+0.46%	0.76%	0.83	267,042	491	127	26.31	2.10%	18.21%	2,182	0.83%	49.2%
3226	Nippon Accommodations Fund Inc.	+1.72%	3.15%	1.19	327,760	340	134	15.79	5.45%	41.79%	41,040	7.04%	51.4%
3234	Mori Hills REIT Investment Corporation	-0.45%	3.97%	1.00	293,773	409	11	20.87	3.62%	24.82%	30,450	5.42%	46.8%
3249	Industrial & Infrastructure Fund Investment Corporation	-21.84%	3.77%	1.26	336,999	374	74	21.64	5.59%	22.89%	49,120	6.07%	48.2%
3269	Advance Residence Investment Corporation	-5.83%	3.30%	1.17	480,595	469	277	15.91	5.60%	50.46%	34,350	6.72%	48.4%
8979	Starts Proceed Investment Corporation	+1.15%	3.59%	1.10	64,535	89	107	17.66	5.49%	19.78%	22,800	5.57%	50.6%
3278	Kenedix Residential Next Investment Corporation	-2.96%	3.87%	1.07	222,746	291	173	14.31	5.33%	24.94%	41,200	6.02%	51.5%
3279	Activia Properties Inc.	-9.98%	4.45%	0.92	340,871	543	46	21.39	4.14%	19.15%	37,300	5.64%	46.3%
3281	GLP J-REIT	-16.63%	3.30%	1.11	709,029	784	85	17.15	5.02%	32.00%	41,664	4.19%	44.3%
3282	Comforia Residential REIT, Inc	-7.68%	3.33%	1.09	232,336	281	147	12.00	4.98%	29.36%	43,200	5.31%	50.2%
3283	Nippon Prologis REIT, Inc.	-20.69%	3.18%	1.18	823,803	822	55	8.62	5.16%	31.73%	49,090	4.85%	37.9%
3287	Hoshino Resorts REIT, Inc.	-11.86%	2.44%	1.21	167,135	190	66	21.68	4.95%	7.83%	31,876	2.98%	35.5%
3290	ONE REIT, Inc.	-13.92%	5.09%	0.91	69,560	120	31	33.16	5.40%	14.30%	26,400	6.47%	47.2%
3292	AEON REIT Investment Corporation	+1.06%	4.29%	1.03	311,986	448	46	17.24	6.23%	18.38%	32,700	5.59%	41.4%
3295	Hulic Reit, Inc.	-9.83%	4.34%	0.89	231,120	379	62	22.44	4.45%	16.91%	34,800	5.38%	44.4%
3296	NIPPON REIT Investment Corporation	-17.43%	4.56%	0.88	163,100	255	106	26.49	5.00%	23.18%	33,038	6.13%	48.2%
3451	Tosei Reit Investment Corporation	-3.39%	5.32%	0.93	48,478	78	59	28.96	6.03%	16.63%	35,700	6.36%	47.8%
3309	Sekisui House Reit, Inc.	-14.95%	4.20%	0.92	355,377	555	120	12.49	4.12%	17.78%	33,680	4.55%	45.5%
3453	Kenedix Retail REIT Corporation	-9.70%	4.87%	1.03	156,664	254	68	16.40	5.32%	7.61%	32,738	6.03%	44.7%
3455	Healthcare & Medical Investment Corporation	+11.84%	3.91%	1.39	62,122	78	47	16.98	5.50%	10.47%	33,770	5.51%	48.2%
3459	Samty Residential Investment Corporation	-1.08%	4.57%	1.07	100,228	163	178	10.84	5.29%	7.75%	27,325	4.78%	49.7%
3462	Nomura Real Estate Master Fund, Inc.	-3.62%	4.18%	0.91	741,229	1,092	300	20.44	5.08%	18.28%	32,890	4.05%	43.6%
3463	Ichigo Hotel REIT Investment Corporation	+5.37%	2.48%	0.78	25,523	53	24	27.71	3.59%	2.50%	12,430	2.13%	44.3%
3466	LaSalle LOGIPORT REIT	-17.06%	3.79%	1.07	288,992	359	19	11.65	4.86%	17.29%	30,640	4.87%	41.7%
3468	Star Asia Investment Corporation	-4.98%	5.35%	1.01	106,269	196	63	24.12	4.74%	7.64%	29,610	5.21%	46.4%
3470	Marimo Regional Revitalization REIT,Inc.	-2.11%	5.62%	0.93	24,932	40	40	16.49	6.66%	20.02%	36,445	7.05%	49.0%
3471	Mitsui Fudosan Logistics Park Inc.	-20.54%	3.40%	1.14	281,952	342	24	5.68	4.91%	16.39%	33,318	3.97%	33.1%
3472	Ooedo Onsen Reit Investment Corporation	-20.39%	4.36%	0.59	15,345	34	13	41.44	6.66%	16.40%	14,200	3.38%	34.2%
3476	MIRAI Corporation	-13.27%	5.35%	0.95	85,118	164	37	26.01	4.69%	6.77%	25,700	5.61%	48.8%
3478	MORI TRUST Hotel Reit,Inc.	-6.40%	3.37%	0.95	65,050	108	5	16.15	2.13%	17.73%	21,890	2.12%	49.3%
3481	Mitsubishi Estate Logistics REIT Investment Corporation	-13.10%	3.48%	1.23	197,072	216	24	7.60	4.94%	13.95%	30,512	4.40%	32.4%
3487	CRE Logistics REIT,Inc.	-3.27%	4.87%	1.22	113,731	137	19	4.80	4.75%	14.82%	49,060	4.90%	43.9%
3488	XYMAX REIT Investment Corporation	+4.93%	5.09%	0.84	30,308	43	18	19.16	5.91%	28.09%	30,910	7.48%	38.1%
3492	Takara Leben Real Estate Investment Corporation	-8.70%	5.23%	0.91	64,307	114	48	19.50	4.89%	5.94%	26,320	6.12%	47.2%
3493	Advance Logistics Investment Corporation	-9.39%	3.77%	1.06	87,439	111	12	5.18	5.00%	17.80%	27,485	4.30%	40.9%
2971	ESCON JAPAN REIT Investment Corporation	-20.29%	5.75%	0.90	39,280	70	38	15.29	5.31%	7.68%	32,095	6.37%	44.1%
2972	SANKEI REAL ESTATE Inc.	-23.55%	4.66%	0.78	44,888	97	14	19.23	4.42%	8.35%	22,390	5.52%	47.5%
2979	SOSiLA Logistics REIT,Inc.	-13.19%	3.58%	1.14	100,470	121	13	4.99	4.85%	12.77%	26,410	4.24%	39.0%
2989	Tokaido REIT,Inc.	+7.98%	5.50%	1.08	20,580	31	9	19.33	5.96%	6.37%	32,000	2.94%	46.3%

What's New

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
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

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	Roppongi Hills Mori Tower	115
3	IIDABASHI GRAND BLOOM	114
4	Shiodome Building	107
5	Tokyo Shiodome Building	83

Unit Price Growth Rankings

1	Japan Logistics	-0.16%
2	GLP J-REIT	-0.19%
3	Mitsui Fudosan Logistics	-0.41%