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.	+16.29%	3.45%	1.16	1,258,782	1,519	70	24.00	4.10%	26.01%	49,250	5.25%	43.3%
8952	Japan Real Estate Investment Corporation	+21.53%	4.01%	1.03	903,519	1,170	78	22.28	4.12%	34.52%	50,970	6.54%	42.8%
8953	Japan Metropolitan Fund Investment Corporation	+29.22%	5.03%	0.96	842,997	1,347	157	22.71	4.60%	21.48%	47,200	6.63%	45.2%
8954	ORIX JREIT Inc.	+18.29%	4.74%	0.94	558,624	795	121	20.53	4.90%	37.01%	48,000	7.05%	45.5%
8955	Japan Prime Realty Investment Corporation	+21.48%	4.14%	1.02	416,161	552	65	24.76	4.43%	26.40%	42,590	6.57%	43.4%
8956	NTT UD REIT Investment Corporation	+9.34%	4.33%	0.98	211,426	298	62	25.53	4.52%	27.28%	31,200	5.26%	47.9%
8957	TOKYU REIT, Inc.	+25.17%	3.91%	0.97	196,504	240	27	25.93	4.25%	40.62%	40,000	7.96%	43.6%
8958	Global One Real Estate Investment Corporation	+22.13%	4.94%	0.97	133,599	205	15	18.81	4.11%	25.30%	54,280	9.19%	44.4%
8960	United Urban Investment Corporation	+26.71%	5.05%	1.03	579,840	732	144	27.08	5.34%	30.12%	54,900	6.84%	45.2%
8961	MORI TRUST Reit, Inc.	+27.00%	4.75%	0.97	271,272	464	20	22.95	3.88%	12.72%	36,180	5.58%	46.8%
8964	Frontier Real Estate Investment Corporation	+14.58%	5.00%	0.86	238,040	394	43	16.62	4.85%	32.98%	44,000	6.68%	40.0%
8966	HEIWA REAL ESTATE REIT, Inc.	+20.48%	5.31%	1.00	188,481	263	137	24.68	4.78%	26.60%	32,000	7.80%	47.0%
8967	Japan Logistics Fund, Inc.	+17.45%	4.20%	0.96	280,932	295	53	18.05	5.64%	63.26%	64,500	8.76%	44.1%
8968	Fukuoka REIT Corporation	+27.75%	4.42%	0.93	157,170	231	37	20.49	5.29%	28.15%	40,000	7.10%	42.5%
8972	KDX Investment Corporation	+14.28%	5.09%	0.91	666,064	1,221	344	21.51	4.54%	12.28%	33,572	5.33%	45.1%
8975	Ichigo Office REIT Investment Corporation	+20.57%	4.48%	0.98	148,721	223	87	32.87	5.23%	29.19%	30,352	7.90%	51.0%
8976	Daiwa Office Investment Corporation	+24.42%	4.08%	0.86	328,095	468	58	27.10	4.56%	33.12%	28,640	6.17%	44.6%
8977	Hankyu Hanshin REIT, Inc.	+6.13%	4.33%	0.81	105,948	178	37	20.94	4.93%	26.92%	33,000	5.40%	47.4%
8984	Daiwa House REIT Investment Corporation	+11.86%	4.49%	0.76	588,818	915	231	14.63	4.93%	31.87%	46,640	5.90%	43.3%
8985	Japan Hotel REIT Investment Corporation	+14.82%	6.49%	0.92	406,741	515	51	26.94	7.57%	36.23%	62,124	9.26%	46.7%
8986	Daiwa Securities Living Investment Corporation	+29.55%	4.39%	0.98	272,009	393	237	14.02	4.99%	27.89%	20,000	7.03%	51.2%
8987	Japan Excellent, Inc.	+23.18%	4.08%	0.89	194,734	292	33	21.75	4.80%	29.25%	30,750	5.90%	43.8%
8963	Invincible Investment Corporation	-0.81%	6.64%	0.89	470,257	687	155	33.60	7.57%	31.10%	26,820	9.34%	49.2%
3226	Mitsui Fudosan Accommodations Fund Inc.	+21.93%	3.53%	1.02	340,095	350	141	19.15	5.58%	59.59%	47,700	7.62%	51.3%
3234	Mori Hills REIT Investment Corporation	+10.62%	4.31%	0.91	271,241	416	11	23.82	3.56%	26.87%	31,000	6.09%	46.1%
3249	Industrial & Infrastructure Fund Investment Corporation	+29.61%	5.39%	1.03	375,224	537	110	23.45	5.52%	24.55%	64,000	7.61%	50.8%
3269	Advance Residence Investment Corporation	+18.93%	3.59%	0.99	483,750	500	287	18.49	5.76%	61.56%	36,504	7.54%	48.9%
8979	Starts Proceed Investment Corporation	+21.81%	4.46%	0.82	56,444	101	107	19.11	5.36%	24.06%	23,125	5.13%	52.3%
3279	Activia Properties Inc.	+32.97%	4.35%	0.93	345,992	543	45	23.70	4.22%	21.20%	38,034	5.51%	47.2%
3281	GLP J-REIT	+14.36%	4.49%	0.87	653,451	870	85	18.03	4.77%	38.56%	48,912	7.05%	45.2%
3282	Comforia Residential REIT, Inc	+24.17%	3.73%	0.99	256,731	340	175	14.52	4.94%	31.32%	49,344	6.04%	52.6%
3283	Nippon Prologis REIT, Inc.	+20.86%	4.16%	0.92	777,670	963	60	10.99	5.10%	42.00%	57,810	6.15%	40.3%
3287	Hoshino Resorts REIT, Inc.	+30.18%	5.12%	0.84	150,618	235	71	20.92	6.16%	15.71%	52,640	4.83%	39.5%
3290	ONE REIT, Inc.	+6.78%	5.24%	0.85	66,768	123	28	33.47	4.93%	15.50%	26,040	7.92%	48.3%
3292	AEON REIT Investment Corporation	+10.78%	5.04%	0.84	283,006	482	52	20.15	6.00%	23.66%	33,900	5.85%	42.5%
3295	Hulic Reit, Inc.	+21.42%	4.74%	0.88	243,216	422	67	22.45	4.22%	20.00%	40,000	5.92%	46.9%
3296	NIPPON REIT Investment Corporation	+14.43%	5.08%	0.82	168,119	258	103	24.18	4.96%	29.28%	37,384	9.87%	48.2%
3451	Tosei Reit Investment Corporation	+11.82%	5.32%	0.90	53,795	84	63	32.11	6.21%	22.76%	38,000	6.72%	47.9%
3309	Sekisui House Reit, Inc.	+21.18%	5.75%	1.04	396,396	562	134	10.90	4.37%	18.16%	52,920	6.56%	47.0%
3455	Healthcare & Medical Investment Corporation	+17.48%	5.04%	0.90	44,938	87	57	19.79	5.49%	15.64%	31,500	5.32%	50.7%
3459	Samty Residential Investment Corporation	+23.57%	4.61%	0.90	96,102	172	189	12.39	5.32%	13.89%	26,000	5.23%	51.3%
3462	Nomura Real Estate Master Fund, Inc.	+18.37%	4.41%	0.85	760,610	1,100	285	21.90	5.06%	26.54%	36,060	5.30%	44.2%
3463	Ichigo Hotel REIT Investment Corporation	+1.27%	5.11%	0.72	39,299	73	30	26.15	7.35%	21.62%	30,680	6.76%	45.5%
3466	LaSalle LOGIPORT REIT	+14.92%	5.11%	0.93	270,247	371	22	14.22	4.86%	25.13%	39,720	6.09%	43.2%
3468	Star Asia Investment Corporation	+13.57%	5.63%	0.88	157,458	276	73	21.49	5.33%	17.58%	33,000	6.73%	47.3%
3470	Marimo Regional Revitalization REIT,Inc.	+1.74%	5.97%	0.73	29,698	63	61	17.52	6.22%	18.46%	31,500	5.51%	49.0%
3471	Mitsui Fudosan Logistics Park Inc.	+17.51%	4.24%	0.98	380,246	567	49	8.00	4.36%	18.07%	40,048	14.47%	39.3%
3472	Nippon Hotel & Residential Investment Corporation	+10.60%	5.66%	0.74	31,126	69	31	33.84	6.12%	17.04%	20,360	5.86%	42.9%
3476	MIRAI Corporation	+20.19%	5.21%	0.90	94,228	180	44	28.69	4.78%	11.37%	25,750	5.61%	49.3%
3481	Mitsubishi Estate Logistics REIT Investment Corporation	+14.45%	4.42%	0.92	190,527	281	37	9.47	4.74%	20.18%	34,020	4.83%	42.7%
3487	CRE Logistics REIT,Inc.	+14.46%	4.61%	0.88	100,534	160	21	7.55	4.64%	22.73%	37,810	5.37%	44.6%
3488	CENTRAL REIT Investment Corporation	+1.01%	5.63%	0.72	27,486	44	18	22.07	5.83%	28.51%	31,010	6.08%	40.8%
3492	MIRARTH Real Estate Investment Corporation	+6.83%	6.06%	0.85	89,845	176	78	19.30	4.83%	5.40%	27,000	5.92%	48.7%
2971	ESCON JAPAN REIT Investment Corporation	+8.18%	5.79%	0.93	43,893	79	40	15.09	6.12%	11.44%	35,220	6.96%	43.7%
2972	SANKEI REAL ESTATE Inc.	+52.00%	3.58%	1.16	58,714	94	16	17.52	4.06%	1.29%	22,490	4.33%	47.9%
2979	SOSiLA Logistics REIT,Inc.	+20.70%	4.21%	0.87	92,902	144	17	8.07	4.37%	20.97%	26,900	5.05%	43.6%
2989	Tokaido REIT,Inc.	+8.96%	5.88%	0.99	42,721	67	33	18.89	5.89%	5.98%	32,550	6.50%	48.1%
401A	Kasumigaseki Hotel REIT Investment Corporation		6.20%		29,103	49	15	2.74			31,385

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	Mitsui Fudosan Logistics	+0.60%
2	Nippon Prologis	+0.54%
3	SANKEI REAL ESTATE	+0.40%