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.	-20.29%	4.12%	0.94	949,153	1,473	70	22.87	4.05%	25.21%	46,000	5.70%	42.2%
8952	Japan Real Estate Investment Corporation	-17.06%	4.35%	0.90	754,118	1,116	76	21.12	4.19%	33.30%	46,100	6.47%	42.0%
8953	Japan Metropolitan Fund Investment Corporation	-9.46%	4.56%	0.91	689,124	1,232	133	21.45	4.47%	13.37%	36,000	5.15%	44.1%
8954	ORIX JREIT Inc.	+0.21%	4.05%	0.94	515,016	691	112	19.99	4.88%	34.52%	37,800	6.40%	42.9%
8955	Japan Prime Realty Investment Corporation	-12.55%	4.23%	0.92	357,987	497	67	24.56	4.53%	27.68%	38,000	6.14%	40.0%
8956	NTT UD REIT Investment Corporation	-15.12%	4.77%	0.89	180,951	275	59	24.26	4.80%	27.54%	30,800	5.63%	45.4%
8957	TOKYU REIT, Inc.	-2.66%	3.64%	0.92	182,713	248	31	24.28	3.94%	37.71%	34,000	11.15%	43.5%
8958	Global One Real Estate Investment Corporation	-2.45%	5.57%	0.80	110,056	220	13	18.49	4.26%	21.01%	47,976	4.80%	47.4%
8960	United Urban Investment Corporation	+2.92%	4.27%	0.90	458,591	688	140	25.61	4.86%	25.72%	37,908	5.35%	43.8%
8961	MORI TRUST Reit, Inc.	-0.07%	4.43%	0.96	255,964	471	22	20.10	3.00%	14.41%	31,840	5.50%	47.3%
8964	Frontier Real Estate Investment Corporation	-7.16%	4.36%	1.08	266,713	357	40	15.01	4.98%	25.36%	42,980	6.87%	37.4%
8966	HEIWA REAL ESTATE REIT, Inc.	+4.12%	4.18%	1.08	168,953	221	125	22.77	4.99%	25.85%	25,360	6.29%	44.9%
8967	Japan Logistics Fund, Inc.	+0.77%	3.15%	1.07	304,951	291	52	15.33	5.66%	56.88%	51,500	6.76%	43.6%
8968	Fukuoka REIT Corporation	-3.03%	4.41%	0.89	129,828	209	35	20.06	5.16%	24.65%	36,000	5.64%	41.6%
8972	Kenedix Office Investment Corporation	-4.53%	4.59%	0.80	268,104	454	97	27.12	4.77%	26.47%	29,000	5.57%	45.4%
8975	Ichigo Office REIT Investment Corporation	+5.47%	4.22%	1.02	137,262	212	88	30.05	5.32%	23.40%	26,824	5.84%	49.2%
8976	Daiwa Office Investment Corporation	-16.55%	4.72%	0.74	277,390	463	58	24.97	4.37%	30.55%	27,400	5.25%	42.8%
8977	Hankyu Hanshin REIT, Inc.	-5.35%	4.12%	0.84	98,371	174	34	17.60	4.68%	20.53%	29,150	4.83%	44.2%
8984	Daiwa House REIT Investment Corporation	-8.16%	3.83%	0.92	678,600	898	230	12.49	5.14%	25.87%	44,800	4.31%	42.4%
8985	Japan Hotel REIT Investment Corporation	+18.41%	2.53%	1.06	353,340	374	43	24.68	3.00%	34.92%	24,060	1.19%	41.4%
8986	Daiwa Securities Living Investment Corporation	+0.93%	3.69%	1.08	269,272	364	249	14.28	5.27%	27.26%	17,600	5.62%	51.4%
8987	Japan Excellent, Inc.	-3.33%	4.49%	0.75	166,798	294	36	23.14	4.24%	27.91%	28,000	4.62%	43.7%
8963	Invincible Investment Corporation	+38.55%	4.05%	1.11	361,543	491	127	27.00	4.40%	19.36%	15,766	4.02%	48.7%
3226	Nippon Accommodations Fund Inc.	+1.19%	3.10%	1.15	341,354	340	134	16.48	5.45%	49.08%	41,980	7.23%	51.5%
3234	Mori Hills REIT Investment Corporation	+1.25%	3.96%	0.96	295,306	408	11	21.56	3.63%	28.50%	30,550	6.19%	46.3%
3249	Industrial & Infrastructure Fund Investment Corporation	-15.91%	3.90%	1.20	338,374	387	77	21.75	5.11%	24.40%	49,992	6.24%	49.3%
3269	Advance Residence Investment Corporation	-0.69%	3.23%	1.10	495,830	473	277	16.52	5.62%	58.44%	34,650	6.92%	49.3%
8979	Starts Proceed Investment Corporation	-2.72%	3.87%	1.03	66,778	101	107	17.16	5.32%	20.27%	22,900	5.93%	50.4%
3278	Kenedix Residential Next Investment Corporation	-0.14%	3.87%	0.97	228,859	304	182	14.59	5.29%	31.05%	41,400	6.01%	50.2%
3279	Activia Properties Inc.	-4.14%	4.74%	0.86	317,730	550	47	20.99	3.92%	19.30%	37,300	5.69%	46.4%
3281	GLP J-REIT	-10.80%	3.73%	0.98	727,491	839	89	16.78	4.88%	35.64%	44,048	5.97%	44.1%
3282	Comforia Residential REIT, Inc	-0.15%	3.33%	1.05	249,468	300	157	12.23	4.88%	34.03%	45,080	5.56%	51.1%
3283	Nippon Prologis REIT, Inc.	-14.81%	3.41%	1.07	803,404	865	58	8.91	5.07%	36.19%	49,850	4.72%	37.8%
3287	Hoshino Resorts REIT, Inc.	-1.44%	2.44%	1.25	175,057	192	67	22.14	5.00%	8.42%	33,480	3.10%	36.2%
3290	ONE REIT, Inc.	-14.10%	5.35%	0.84	64,781	124	32	33.26	5.14%	14.24%	25,820	6.05%	48.7%
3292	AEON REIT Investment Corporation	+4.22%	4.17%	1.07	341,107	469	48	17.58	6.19%	19.58%	33,500	5.64%	41.3%
3295	Hulic Reit, Inc.	-2.10%	4.39%	0.86	228,528	391	65	22.75	4.27%	19.34%	34,800	4.92%	45.0%
3296	NIPPON REIT Investment Corporation	-14.32%	4.99%	0.77	146,677	254	106	27.09	4.90%	24.86%	32,548	5.74%	48.2%
3451	Tosei Reit Investment Corporation	-1.50%	5.44%	0.89	47,429	79	60	29.70	5.95%	18.23%	35,700	6.39%	47.7%
3309	Sekisui House Reit, Inc.	0.00%	4.67%	0.89	348,328	555	120	13.17	4.04%	19.13%	37,100	4.85%	45.2%
3453	Kenedix Retail REIT Corporation	-9.74%	5.24%	0.95	151,146	269	70	16.19	5.25%	8.06%	32,875	5.48%	44.9%
3455	Healthcare & Medical Investment Corporation	-2.18%	4.02%	1.24	58,131	79	48	17.35	5.51%	11.95%	32,500	6.51%	48.2%
3459	Samty Residential Investment Corporation	-12.34%	4.45%	1.01	100,647	162	177	11.50	5.27%	10.60%	26,670	4.78%	49.7%
3462	Nomura Real Estate Master Fund, Inc.	-2.32%	4.12%	0.90	772,821	1,094	288	20.74	5.00%	21.89%	33,765	4.58%	43.7%
3463	Ichigo Hotel REIT Investment Corporation	+5.88%	3.49%	0.76	25,701	55	25	28.55	4.96%	3.90%	17,570	3.52%	44.1%
3466	LaSalle LOGIPORT REIT	-8.30%	3.66%	1.06	299,702	360	19	12.33	4.84%	20.80%	30,725	4.82%	41.8%
3468	Star Asia Investment Corporation	-5.43%	5.33%	1.00	110,497	195	62	24.79	4.77%	9.76%	30,650	5.33%	46.4%
3470	Marimo Regional Revitalization REIT,Inc.	-5.85%	5.52%	0.94	30,934	50	52	15.02	6.41%	21.17%	36,005	6.70%	49.3%
3471	Mitsui Fudosan Logistics Park Inc.	-9.71%	3.49%	1.08	289,152	359	25	6.15	4.87%	20.72%	35,014	4.08%	35.9%
3472	Ooedo Onsen Reit Investment Corporation	-7.92%	4.25%	0.60	15,321	31	11	41.89	5.08%	16.75%	13,830	3.11%	31.3%
3476	MIRAI Corporation	-8.90%	4.84%	0.92	83,435	166	38	27.05	4.50%	7.38%	22,800	5.69%	48.6%
3481	Mitsubishi Estate Logistics REIT Investment Corporation	-7.55%	3.61%	1.11	218,764	262	32	7.44	4.85%	15.83%	31,334	4.32%	38.6%
3487	CRE Logistics REIT,Inc.	-7.58%	3.87%	1.14	120,079	160	21	4.76	4.63%	16.74%	37,055	9.16%	43.0%
3488	XYMAX REIT Investment Corporation	-14.75%	5.54%	0.76	27,412	43	18	19.84	5.68%	24.22%	30,420	6.25%	40.8%
3492	Takara Leben Real Estate Investment Corporation	-23.94%	5.69%	0.85	63,465	132	62	18.42	4.53%	5.11%	26,115	5.26%	47.2%
3493	Advance Logistics Investment Corporation	-14.15%	4.00%	0.94	94,888	133	13	5.53	5.03%	23.07%	28,130	4.14%	40.0%
2971	ESCON JAPAN REIT Investment Corporation	-14.29%	5.32%	0.98	40,758	70	38	15.98	4.99%	4.82%	30,795	9.23%	43.4%
2972	SANKEI REAL ESTATE Inc.	-12.41%	5.18%	0.71	39,890	103	15	18.78	3.86%	7.17%	22,135	4.30%	47.4%
2979	SOSiLA Logistics REIT,Inc.	-11.69%	3.96%	1.03	98,940	141	16	5.53	4.81%	14.91%	26,940	4.35%	38.5%
2989	Tokaido REIT,Inc.	+0.08%	5.59%	1.09	28,882	42	11	18.71	5.58%	6.80%	33,285	6.39%	46.7%

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	IIDABASHI GRAND BLOOM	139
3	Roppongi Hills Mori Tower	115
4	Shiodome Building	107
5	Tokyo Shiodome Building	83

Unit Price Growth Rankings

1	ORIX JREIT	+4.30%
2	Daiwa Securities Living	+4.20%
3	ONE REIT	+3.87%