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.	+0.44%	3.57%	1.18	1,166,880	1,452	73	22.87	4.33%	24.68%	49,000	6.41%	42.1%
8952	Japan Real Estate Investment Corporation	-2.91%	3.55%	1.11	878,223	1,117	74	20.43	4.51%	30.55%	45,000	6.51%	41.8%
8953	Japan Metropolitan Fund Investment Corporation	-3.97%	4.36%	0.96	726,167	1,218	127	20.61	4.53%	13.07%	36,240	5.46%	44.1%
8954	ORIX JREIT Inc.	-6.62%	4.23%	0.94	494,592	693	112	19.17	4.75%	30.74%	37,900	5.40%	43.6%
8955	Japan Prime Realty Investment Corporation	-6.71%	3.91%	1.04	394,882	496	67	23.96	4.56%	25.53%	38,750	6.08%	41.7%
8956	NTT UD REIT Investment Corporation	-5.10%	3.67%	1.09	208,703	273	58	23.17	4.51%	24.02%	27,300	7.06%	47.4%
8957	TOKYU REIT, Inc.	-0.27%	3.82%	0.92	181,736	231	31	24.68	4.00%	39.51%	35,550	11.78%	41.6%
8958	Global One Real Estate Investment Corporation	-10.26%	4.40%	0.82	105,433	191	11	18.46	4.35%	19.68%	39,120	4.85%	47.1%
8960	United Urban Investment Corporation	-10.54%	4.27%	0.92	452,783	676	136	24.81	4.70%	23.13%	37,200	4.02%	43.0%
8961	MORI TRUST Sogo Reit, Inc.	-9.19%	4.25%	0.99	186,516	325	16	21.74	3.52%	11.46%	30,000	6.28%	47.2%
8964	Frontier Real Estate Investment Corporation	+5.17%	4.31%	1.13	275,369	361	40	14.05	5.00%	23.98%	43,920	6.75%	37.4%
8966	HEIWA REAL ESTATE REIT, Inc.	-9.61%	4.16%	1.10	155,932	201	117	21.39	5.06%	24.32%	24,600	5.69%	44.7%
8967	Japan Logistics Fund, Inc.	+3.73%	3.16%	1.09	298,880	284	52	14.65	5.57%	56.93%	50,550	6.50%	44.1%
8968	Fukuoka REIT Corporation	-7.09%	4.34%	0.91	128,395	206	33	19.12	5.33%	23.12%	35,000	5.58%	41.5%
8972	Kenedix Office Investment Corporation	-14.09%	4.14%	0.92	290,101	447	97	25.98	4.73%	22.40%	28,000	5.09%	43.6%
8975	Ichigo Office REIT Investment Corporation	-8.77%	4.93%	0.99	127,577	206	85	28.91	5.62%	20.53%	29,106	6.20%	48.9%
8976	Daiwa Office Investment Corporation	-4.06%	3.82%	0.96	357,769	467	59	23.96	4.55%	28.13%	28,000	5.35%	41.9%
8977	Hankyu Hanshin REIT, Inc.	-3.21%	3.96%	0.89	102,820	169	32	17.20	4.60%	19.96%	29,300	4.66%	43.9%
8984	Daiwa House REIT Investment Corporation	+6.20%	3.53%	1.07	735,440	895	230	11.51	5.03%	20.42%	44,800	4.50%	42.2%
8985	Japan Hotel REIT Investment Corporation	+5.75%	0.54%	0.90	303,756	364	41	23.99	1.72%	35.48%	4,392	0.59%	41.8%
8986	Daiwa Securities Living Investment Corporation	+2.77%	3.79%	1.11	253,562	346	240	13.92	5.29%	23.44%	17,440	5.62%	51.3%
8987	Japan Excellent, Inc.	-14.46%	4.40%	0.79	170,142	287	36	23.23	4.90%	26.36%	28,000	5.01%	42.7%
8963	Invincible Investment Corporation	-1.04%	0.77%	0.85	262,164	491	127	25.98	1.73%	15.31%	2,182	0.82%	49.5%
3226	Nippon Accommodations Fund Inc.	+2.86%	3.13%	1.19	325,746	340	135	15.47	5.45%	41.79%	40,540	7.04%	51.4%
3234	Mori Hills REIT Investment Corporation	-4.67%	4.08%	0.97	285,342	411	11	20.55	3.62%	24.82%	30,350	5.42%	46.8%
3249	Industrial & Infrastructure Fund Investment Corporation	-3.86%	3.28%	1.44	386,472	376	76	21.32	5.59%	22.89%	48,960	6.07%	48.2%
3269	Advance Residence Investment Corporation	+0.29%	3.29%	1.17	479,903	468	276	15.59	5.60%	50.46%	34,200	6.72%	48.4%
8979	Starts Proceed Investment Corporation	+7.66%	3.79%	1.06	60,602	88	106	17.49	5.34%	17.83%	22,600	5.30%	50.6%
3278	Kenedix Residential Next Investment Corporation	-4.80%	3.91%	1.06	219,818	288	171	14.07	5.33%	24.94%	41,105	6.02%	51.5%
3279	Activia Properties Inc.	-17.20%	4.48%	0.92	340,620	548	47	21.01	4.24%	18.39%	37,070	5.55%	46.0%
3281	GLP J-REIT	-6.36%	3.32%	1.19	760,219	784	85	16.83	5.02%	32.00%	45,000	4.19%	44.3%
3282	Comforia Residential REIT, Inc	-4.25%	3.27%	1.10	234,126	277	146	11.85	4.98%	29.36%	42,820	5.31%	50.2%
3283	Nippon Prologis REIT, Inc.	+1.46%	2.81%	1.37	929,282	822	55	8.30	5.28%	30.87%	48,850	5.00%	37.6%
3287	Hoshino Resorts REIT, Inc.	+10.28%	2.16%	1.31	170,315	178	65	22.65	4.63%	7.63%	30,168	2.64%	38.1%
3290	ONE REIT, Inc.	-8.27%	4.99%	0.97	73,856	120	31	32.84	5.40%	14.30%	27,440	6.47%	47.2%
3292	AEON REIT Investment Corporation	+2.29%	4.31%	1.02	310,146	448	46	16.91	6.23%	18.38%	32,700	5.59%	41.4%
3295	Hulic Reit, Inc.	-7.68%	4.49%	0.89	230,112	379	62	22.12	4.45%	16.91%	35,900	5.38%	44.4%
3296	NIPPON REIT Investment Corporation	-13.87%	4.53%	0.93	166,249	255	106	26.16	4.93%	19.91%	33,490	8.03%	48.0%
3451	Tosei Reit Investment Corporation	-0.30%	5.42%	0.94	47,646	78	59	28.63	6.02%	15.81%	35,700	6.50%	48.1%
3309	Sekisui House Reit, Inc.	-13.06%	4.37%	0.90	342,083	564	119	12.22	4.16%	17.53%	33,760	5.88%	45.0%
3453	Kenedix Retail REIT Corporation	-1.17%	4.84%	1.05	157,479	254	68	16.08	5.25%	7.10%	32,750	6.20%	44.1%
3455	Healthcare & Medical Investment Corporation	+18.16%	4.09%	1.30	58,239	78	47	16.65	5.50%	10.47%	33,165	5.51%	48.2%
3459	Samty Residential Investment Corporation	+15.36%	4.25%	1.20	102,899	148	159	11.23	5.29%	7.75%	28,425	4.78%	49.7%
3462	Nomura Real Estate Master Fund, Inc.	-4.25%	4.01%	0.95	775,179	1,092	300	20.12	5.08%	18.28%	32,925	4.05%	43.6%
3463	Ichigo Hotel REIT Investment Corporation	+8.55%	1.83%	0.72	23,636	52	23	27.36	3.59%	2.50%	8,480	2.13%	44.3%
3466	LaSalle LOGIPORT REIT	+4.09%	3.44%	1.17	317,730	359	19	11.33	4.86%	17.29%	30,610	4.87%	41.7%
3468	Star Asia Investment Corporation	+6.45%	4.97%	1.08	106,290	180	60	24.69	4.74%	7.64%	29,520	5.21%	46.4%
3470	Marimo Regional Revitalization REIT,Inc.	+4.77%	5.39%	1.01	26,200	40	39	16.38	6.51%	23.38%	36,720	7.36%	48.9%
3471	Mitsui Fudosan Logistics Park Inc.	+0.37%	3.06%	1.27	315,648	342	24	5.35	4.91%	16.39%	33,496	3.97%	33.1%
3472	Ooedo Onsen Reit Investment Corporation	-13.48%	4.12%	0.63	16,615	34	13	41.12	6.76%	17.00%	14,545	3.72%	38.1%
3476	MIRAI Corporation	+4.47%	5.11%	1.01	89,103	165	38	25.71	4.55%	6.34%	25,700	5.65%	48.8%
3478	MORI TRUST Hotel Reit,Inc.	-0.15%	1.64%	0.95	64,850	108	5	15.81	2.13%	17.73%	10,610	2.12%	49.3%
3481	Mitsubishi Estate Logistics REIT Investment Corporation	+4.99%	3.23%	1.30	208,095	216	24	7.28	4.94%	13.95%	29,870	4.40%	32.4%
3487	CRE Logistics REIT,Inc.	+16.83%	3.56%	1.25	112,093	135	20	4.54	4.86%	11.97%	35,380	4.74%	44.0%
3488	XYMAX REIT Investment Corporation	+7.34%	5.66%	0.85	30,682	43	18	18.83	5.91%	28.09%	34,790	7.48%	38.1%
3492	Takara Leben Real Estate Investment Corporation	+4.00%	4.71%	1.08	68,770	109	46	19.81	4.89%	5.94%	28,150	6.12%	47.2%
3493	ITOCHU Advance Logistics Investment Corporation	+15.91%	3.45%	1.14	94,880	111	12	4.86	5.00%	17.80%	27,305	4.30%	40.9%
2971	ESCON JAPAN REIT Investment Corporation	+3.56%	5.13%	1.06	46,037	70	38	14.97	5.31%	7.68%	33,580	6.37%	44.1%
2972	SANKEI REAL ESTATE Inc.	-17.65%	5.58%	0.78	44,888	97	14	18.91	4.42%	8.35%	26,795	5.52%	47.5%
2979	SOSiLA Logistics REIT,Inc.	+7.77%	3.35%	1.26	105,855	121	13	4.67	4.87%	11.05%	26,020	4.45%	40.1%
2989	Tokaido REIT,Inc.		5.50%	1.08	20,615	31	9	19.01	5.96%	6.37%	32,085	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	ITOCHU Advance Logistics	+1.93%
2	ESCON JAPAN REIT	+1.79%
3	Ichigo Hotel REIT	+1.76%