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.	+10.77%	3.65%	1.10	1,119,252	1,458	67	23.79	4.05%	25.47%	48,000	6.59%	42.4%
8952	Japan Real Estate Investment Corporation	-0.87%	4.25%	0.96	809,610	1,150	77	21.89	3.97%	30.87%	48,400	6.88%	44.0%
8953	Japan Metropolitan Fund Investment Corporation	-2.69%	5.79%	0.83	675,165	1,244	141	22.47	4.41%	16.67%	43,520	5.14%	44.1%
8954	ORIX JREIT Inc.	-14.42%	4.97%	0.74	417,588	723	117	20.44	5.04%	36.47%	37,600	6.63%	43.0%
8955	Japan Prime Realty Investment Corporation	-5.42%	4.59%	0.87	339,539	526	68	25.17	4.46%	26.22%	39,075	5.52%	42.9%
8956	NTT UD REIT Investment Corporation	-18.42%	4.89%	0.79	167,322	307	61	25.06	4.88%	23.99%	27,600	5.70%	47.8%
8957	TOKYU REIT, Inc.	-14.72%	4.70%	0.75	151,821	253	29	24.93	4.28%	37.17%	36,500	7.64%	44.6%
8958	Global One Real Estate Investment Corporation	-12.16%	6.37%	0.71	100,715	206	15	18.37	4.07%	22.54%	51,168	6.44%	45.9%
8960	United Urban Investment Corporation	-11.26%	5.45%	0.83	427,296	703	140	26.41	5.32%	26.01%	45,060	6.16%	44.8%
8961	MORI TRUST Reit, Inc.	-13.39%	5.36%	0.85	225,704	462	20	21.53	3.50%	9.47%	34,000	6.23%	47.5%
8964	Frontier Real Estate Investment Corporation	-8.86%	5.17%	0.84	225,327	365	42	15.87	4.92%	31.34%	43,060	7.36%	38.2%
8966	HEIWA REAL ESTATE REIT, Inc.	-14.05%	5.49%	0.87	149,845	238	128	23.90	4.86%	26.07%	27,560	6.60%	46.9%
8967	Japan Logistics Fund, Inc.	-5.86%	4.01%	0.88	255,570	291	53	16.81	5.57%	60.61%	55,000	7.46%	43.7%
8968	Fukuoka REIT Corporation	-9.10%	5.39%	0.78	126,266	220	35	20.17	5.01%	25.44%	39,000	5.96%	44.9%
8972	KDX Investment Corporation	-13.74%	5.24%	0.85	612,304	1,199	356	20.96	4.59%	10.87%	31,432	10.24%	44.0%
8975	Ichigo Office REIT Investment Corporation	-5.08%	6.05%	0.89	127,816	226	93	31.21	5.27%	25.60%	34,839	6.53%	49.8%
8976	Daiwa Office Investment Corporation	-9.93%	4.51%	0.77	290,781	474	59	25.75	4.31%	31.22%	27,400	5.01%	43.9%
8977	Hankyu Hanshin REIT, Inc.	-14.08%	5.08%	0.70	84,814	180	35	19.00	4.53%	21.87%	31,000	4.80%	47.6%
8984	Daiwa House REIT Investment Corporation	-13.14%	5.46%	0.70	532,505	915	230	13.47	5.13%	29.26%	50,400	4.04%	42.8%
8985	Japan Hotel REIT Investment Corporation	-4.10%	5.44%	0.92	357,300	453	51	24.98	5.89%	34.13%	45,780	5.36%	40.8%
8986	Daiwa Securities Living Investment Corporation	-11.82%	4.82%	0.82	229,858	400	252	13.33	5.02%	27.58%	18,400	6.20%	51.3%
8987	Japan Excellent, Inc.	-8.83%	4.70%	0.73	158,197	297	35	21.77	4.58%	25.54%	28,100	5.65%	45.6%
8963	Invincible Investment Corporation	+4.07%	6.01%	0.96	469,492	653	145	31.50	6.88%	32.22%	24,264	8.84%	47.7%
3226	Nippon Accommodations Fund Inc.	+1.75%	3.51%	1.02	321,719	342	136	17.87	5.56%	54.80%	44,840	7.60%	51.2%
3234	Mori Hills REIT Investment Corporation	-10.32%	4.83%	0.81	244,715	403	11	22.96	3.61%	27.09%	30,850	6.19%	46.0%
3249	Industrial & Infrastructure Fund Investment Corporation	-16.31%	5.94%	0.84	294,201	515	108	22.87	5.42%	21.64%	55,120	7.08%	50.8%
3269	Advance Residence Investment Corporation	-3.73%	3.68%	0.97	462,143	494	287	17.38	5.62%	58.79%	35,595	6.39%	48.5%
8979	Starts Proceed Investment Corporation	-15.36%	5.31%	0.76	52,145	102	109	17.94	5.36%	20.61%	24,500	5.77%	52.4%
3279	Activia Properties Inc.	-20.84%	5.48%	0.74	260,207	542	45	22.32	3.94%	17.30%	36,000	5.51%	47.3%
3281	GLP J-REIT	-4.09%	4.89%	0.85	631,807	885	88	16.68	4.77%	34.94%	50,448	5.48%	44.5%
3282	Comforia Residential REIT, Inc	-6.33%	3.69%	0.95	242,686	320	167	13.61	4.89%	32.24%	45,920	5.92%	51.5%
3283	Nippon Prologis REIT, Inc.	-14.63%	4.16%	0.84	697,234	917	59	9.88	5.15%	39.83%	51,145	4.92%	37.8%
3287	Hoshino Resorts REIT, Inc.	-23.53%	3.79%	0.84	140,893	228	69	20.28	5.31%	12.63%	36,440	3.71%	38.8%
3290	ONE REIT, Inc.	-2.82%	5.65%	0.87	66,687	124	32	34.66	5.03%	14.47%	28,080	5.89%	48.6%
3292	AEON REIT Investment Corporation	-11.24%	5.14%	0.84	276,751	475	48	18.76	6.00%	21.67%	33,500	5.36%	41.1%
3295	Hulic Reit, Inc.	-15.77%	5.19%	0.72	193,104	393	67	21.87	4.34%	18.75%	34,800	5.16%	45.9%
3296	NIPPON REIT Investment Corporation	-9.83%	5.75%	0.75	144,428	256	108	28.24	4.93%	25.50%	36,932	7.29%	48.2%
3451	Tosei Reit Investment Corporation	-5.82%	5.59%	0.86	49,993	83	62	30.75	6.10%	20.17%	37,100	6.47%	47.7%
3309	Sekisui House Reit, Inc.	-9.86%	5.43%	0.86	328,611	540	135	12.61	4.06%	18.67%	40,690	3.43%	45.5%
3455	Healthcare & Medical Investment Corporation	-21.52%	5.55%	0.83	40,911	82	53	18.57	5.51%	15.01%	31,575	5.47%	49.9%
3459	Samty Residential Investment Corporation	-14.90%	5.37%	0.79	83,311	171	191	12.10	5.25%	13.48%	26,250	4.73%	50.0%
3462	Nomura Real Estate Master Fund, Inc.	-15.43%	4.72%	0.79	667,444	1,108	294	21.34	4.95%	23.36%	33,780	4.25%	43.9%
3463	Ichigo Hotel REIT Investment Corporation	+21.11%	8.78%	0.91	43,785	70	30	28.56	6.19%	12.18%	58,710	4.90%	43.3%
3466	LaSalle LOGIPORT REIT	-1.80%	5.08%	0.87	264,519	381	23	12.87	4.82%	22.28%	36,020	5.89%	41.9%
3468	Star Asia Investment Corporation	-9.57%	5.94%	0.87	139,724	276	74	20.38	5.01%	12.17%	30,910	5.77%	47.1%
3470	Marimo Regional Revitalization REIT,Inc.	-10.73%	6.10%	0.82	31,865	62	60	16.63	6.21%	19.13%	34,505	6.26%	48.7%
3471	Mitsui Fudosan Logistics Park Inc.	-13.72%	4.65%	0.84	250,496	400	30	6.99	4.80%	22.76%	38,346	4.03%	40.6%
3472	Nippon Hotel & Residential Investment Corporation	+10.03%	5.38%	0.64	16,780	36	15	41.08	6.47%	16.89%	19,180	3.49%	36.0%
3476	MIRAI Corporation	-10.22%	5.62%	0.82	81,257	178	43	27.53	4.58%	8.61%	23,950	5.17%	49.0%
3481	Mitsubishi Estate Logistics REIT Investment Corporation	-4.40%	5.27%	0.90	180,499	270	34	8.30	4.73%	16.74%	37,764	4.67%	40.2%
3487	CRE Logistics REIT,Inc.	-12.72%	5.27%	0.79	89,573	160	21	6.16	4.51%	19.40%	37,615	4.89%	44.2%
3488	XYMAX REIT Investment Corporation	-2.08%	6.44%	0.77	28,161	44	18	20.64	5.76%	25.32%	36,310	6.28%	40.9%
3492	Takara Leben Real Estate Investment Corporation	-12.77%	6.32%	0.83	77,784	173	80	17.65	4.75%	4.74%	27,000	5.30%	47.1%
3493	Advance Logistics Investment Corporation	-3.79%	4.67%	0.76	80,456	139	16	7.56	4.89%	26.03%	27,840	4.48%	42.5%
2971	ESCON JAPAN REIT Investment Corporation	-0.25%	5.81%	0.91	42,739	70	37	15.21	4.93%	11.18%	34,400	5.81%	43.1%
2972	SANKEI REAL ESTATE Inc.	-11.55%	5.46%	0.71	37,928	96	17	16.32	3.08%	4.21%	22,170	4.12%	47.9%
2979	SOSiLA Logistics REIT,Inc.	-9.10%	4.95%	0.79	81,407	143	17	7.04	4.68%	18.54%	27,700	4.46%	42.4%
2989	Tokaido REIT,Inc.	-11.62%	6.09%	0.96	30,485	53	22	17.76	5.63%	5.87%	33,325	6.25%	46.9%

What's New

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
Mar. 12, 2019
2972 SANKEI REAL ESTATE Inc. 3/12 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	Samty Residential	+1.45%
2	Ichigo Hotel REIT	+0.75%
3	Nippon Hotel & Residential	+0.71%