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.	+14.89%	3.61%	1.11	1,154,775	1,477	68	23.73	3.98%	25.71%	48,200	6.33%	42.4%
8952	Japan Real Estate Investment Corporation	+11.26%	4.26%	0.98	843,758	1,157	77	22.05	4.05%	32.72%	50,470	6.97%	43.5%
8953	Japan Metropolitan Fund Investment Corporation	+17.88%	5.26%	0.89	768,192	1,311	147	22.82	4.56%	19.62%	44,960	6.16%	45.4%
8954	ORIX JREIT Inc.	+21.06%	4.80%	0.92	531,576	765	119	20.30	5.02%	37.44%	46,200	6.34%	43.2%
8955	Japan Prime Realty Investment Corporation	+16.12%	4.18%	0.97	377,764	534	66	25.34	4.41%	27.17%	40,040	6.34%	42.8%
8956	NTT UD REIT Investment Corporation	+11.01%	4.83%	0.90	191,017	299	61	25.11	4.65%	25.42%	31,400	6.24%	48.0%
8957	TOKYU REIT, Inc.	+26.52%	4.01%	0.96	194,933	250	29	25.54	4.08%	38.90%	40,000	7.43%	43.2%
8958	Global One Real Estate Investment Corporation	+37.37%	5.34%	1.00	140,605	184	14	18.65	4.09%	25.26%	60,120	7.45%	44.4%
8960	United Urban Investment Corporation	+11.58%	5.13%	0.96	495,835	714	144	26.71	5.54%	26.85%	49,800	7.02%	45.0%
8961	MORI TRUST Reit, Inc.	+0.42%	4.95%	0.93	252,760	464	20	22.29	3.75%	11.13%	35,160	5.90%	47.3%
8964	Frontier Real Estate Investment Corporation	-4.68%	5.26%	0.84	226,138	375	43	16.24	4.82%	32.33%	44,000	7.34%	38.3%
8966	HEIWA REAL ESTATE REIT, Inc.	+5.24%	5.64%	0.97	176,091	249	130	24.67	4.83%	25.98%	31,760	6.54%	45.8%
8967	Japan Logistics Fund, Inc.	+6.30%	4.57%	0.89	259,643	292	54	17.36	5.63%	62.53%	64,500	7.61%	44.0%
8968	Fukuoka REIT Corporation	+10.50%	4.58%	0.91	154,170	232	37	19.82	5.29%	29.87%	40,500	7.05%	42.5%
8972	KDX Investment Corporation	+1.74%	5.24%	0.88	637,789	1,185	342	21.30	4.58%	11.37%	33,084	5.38%	44.8%
8975	Ichigo Office REIT Investment Corporation	+12.46%	4.31%	0.98	146,008	220	87	32.11	5.27%	27.17%	28,315	9.72%	50.3%
8976	Daiwa Office Investment Corporation	+11.86%	4.16%	0.83	314,071	468	59	26.47	4.27%	31.62%	27,680	5.83%	44.7%
8977	Hankyu Hanshin REIT, Inc.	+19.06%	4.07%	0.89	111,162	175	36	20.71	4.61%	23.98%	32,500	5.04%	47.5%
8984	Daiwa House REIT Investment Corporation	-1.22%	4.94%	0.72	555,448	911	229	14.14	4.99%	30.76%	47,800	5.24%	43.2%
8985	Japan Hotel REIT Investment Corporation	+0.50%	5.56%	0.94	408,780	515	51	26.28	6.81%	39.94%	53,532	6.43%	41.1%
8986	Daiwa Securities Living Investment Corporation	-2.94%	5.11%	0.85	238,763	396	242	13.65	5.02%	27.52%	20,280	7.64%	50.9%
8987	Japan Excellent, Inc.	+12.90%	4.13%	0.82	175,119	294	33	21.51	4.65%	27.44%	28,000	4.98%	43.9%
8963	Invincible Investment Corporation	-3.27%	6.32%	1.00	497,784	653	145	32.25	7.30%	27.98%	27,024	8.55%	47.5%
3226	Nippon Accommodations Fund Inc.	-9.13%	3.87%	0.90	295,538	348	140	18.60	5.62%	58.67%	45,380	7.67%	51.1%
3234	Mori Hills REIT Investment Corporation	+1.51%	4.60%	0.86	258,130	402	11	23.71	3.53%	27.11%	30,950	5.94%	45.8%
3249	Industrial & Infrastructure Fund Investment Corporation	-4.37%	5.44%	0.85	310,686	527	109	23.00	5.28%	24.33%	53,280	7.10%	50.9%
3269	Advance Residence Investment Corporation	-3.86%	3.99%	0.92	440,110	498	291	18.05	5.57%	59.49%	36,960	5.92%	48.6%
8979	Starts Proceed Investment Corporation	-6.06%	5.02%	0.74	50,261	101	108	18.50	5.38%	23.12%	23,150	5.94%	52.2%
3279	Activia Properties Inc.	+2.65%	4.69%	0.86	303,693	543	45	23.05	3.91%	17.66%	36,000	5.02%	47.3%
3281	GLP J-REIT	-2.93%	5.18%	0.83	619,387	869	86	17.54	4.82%	36.73%	53,464	6.71%	45.2%
3282	Comforia Residential REIT, Inc	-5.31%	3.94%	0.89	229,811	340	175	14.08	4.87%	31.73%	46,440	5.52%	50.9%
3283	Nippon Prologis REIT, Inc.	-7.38%	4.76%	0.81	670,290	960	61	10.33	5.14%	41.69%	57,015	4.92%	38.0%
3287	Hoshino Resorts REIT, Inc.	-5.03%	4.82%	0.84	148,275	229	70	20.46	5.55%	14.93%	48,800	3.88%	39.4%
3290	ONE REIT, Inc.	+0.31%	5.54%	0.91	70,151	124	29	34.01	5.19%	14.71%	28,940	6.99%	48.3%
3292	AEON REIT Investment Corporation	-4.57%	5.33%	0.81	268,078	482	52	19.50	6.11%	23.09%	34,000	5.58%	41.8%
3295	Hulic Reit, Inc.	+10.65%	4.97%	0.85	231,840	416	67	21.64	4.29%	19.11%	40,000	5.94%	47.9%
3296	NIPPON REIT Investment Corporation	+10.22%	5.06%	0.85	162,514	259	109	26.96	4.98%	26.65%	37,184	7.49%	48.3%
3451	Tosei Reit Investment Corporation	-0.50%	5.34%	0.89	52,704	83	62	31.50	6.22%	21.86%	37,400	6.73%	47.6%
3309	Sekisui House Reit, Inc.	-6.41%	5.20%	0.86	330,577	555	137	11.04	4.27%	17.34%	39,470	7.03%	47.0%
3455	Healthcare & Medical Investment Corporation	-8.81%	5.37%	0.85	42,062	83	54	19.26	5.43%	15.05%	31,400	5.26%	50.6%
3459	Samty Residential Investment Corporation	-7.84%	5.53%	0.79	83,141	172	191	12.58	5.27%	12.90%	26,980	6.12%	51.0%
3462	Nomura Real Estate Master Fund, Inc.	+1.47%	4.68%	0.80	707,641	1,103	285	21.57	5.06%	25.52%	35,665	5.35%	44.5%
3463	Ichigo Hotel REIT Investment Corporation	+16.92%	5.32%	0.88	42,770	68	29	25.41	7.14%	13.24%	34,730	15.29%	41.4%
3466	LaSalle LOGIPORT REIT	-6.28%	5.26%	0.84	251,314	381	23	13.52	4.91%	24.10%	36,515	5.90%	43.0%
3468	Star Asia Investment Corporation	-2.18%	5.90%	0.92	156,383	276	73	21.08	5.21%	14.29%	34,340	6.20%	47.5%
3470	Marimo Regional Revitalization REIT,Inc.	-13.29%	5.57%	0.77	30,683	60	58	17.18	6.20%	17.32%	30,330	6.39%	48.5%
3471	Mitsui Fudosan Logistics Park Inc.	-6.02%	4.79%	0.83	329,053	578	48	7.70	4.82%	23.34%	39,179	3.96%	41.4%
3472	Nippon Hotel & Residential Investment Corporation	+3.50%	5.99%	0.77	23,918	49	23	36.73	6.39%	17.93%	23,050	4.07%	35.6%
3476	MIRAI Corporation	-1.22%	5.53%	0.83	85,263	178	44	28.07	4.84%	10.08%	24,700	5.92%	48.8%
3481	Mitsubishi Estate Logistics REIT Investment Corporation	-7.43%	4.66%	0.87	179,442	280	36	8.81	4.69%	19.48%	33,246	6.03%	40.1%
3487	CRE Logistics REIT,Inc.	+1.93%	5.11%	0.82	91,491	158	21	6.90	4.51%	20.33%	37,820	5.21%	44.4%
3488	XYMAX REIT Investment Corporation	-4.08%	5.47%	0.76	28,735	44	18	21.41	5.82%	27.35%	31,500	7.11%	40.9%
3492	Takara Leben Real Estate Investment Corporation	-8.36%	5.86%	0.86	83,887	173	79	18.15	4.85%	5.51%	27,000	5.95%	48.7%
2971	ESCON JAPAN REIT Investment Corporation	+2.58%	5.77%	0.95	45,877	72	38	15.96	5.25%	13.26%	36,700	6.14%	42.9%
2972	SANKEI REAL ESTATE Inc.	+8.77%	4.92%	0.79	43,440	96	17	17.07	4.18%	5.63%	22,900	4.56%	47.8%
2979	SOSiLA Logistics REIT,Inc.	-1.63%	4.95%	0.80	83,590	144	17	7.41	4.66%	19.02%	28,450	4.50%	42.4%
2989	Tokaido REIT,Inc.	-10.29%	5.92%	0.97	35,364	61	29	18.24	5.59%	7.42%	33,025	6.27%	48.1%

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	Nippon Hotel & Residential	+0.92%
2	Daiwa Office	+0.45%
3	AEON REIT	+0.31%