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.	+21.32%	3.43%	1.23	1,156,750	1,379	73	22.84	4.55%	23.76%	48,000	6.45%	42.2%
8952	Japan Real Estate Investment Corporation	+20.85%	3.50%	1.15	907,313	1,087	74	20.21	4.65%	30.19%	45,800	6.06%	41.9%
8953	Japan Metropolitan Fund Investment Corporation	+17.48%	4.60%	0.89	683,533	1,191	127	20.50	4.53%	14.38%	36,000	4.31%	43.6%
8954	ORIX JREIT Inc.	+15.71%	3.68%	0.97	498,180	691	113	18.83	4.88%	28.64%	33,200	5.58%	43.5%
8955	Japan Prime Realty Investment Corporation	+31.97%	3.73%	1.08	387,612	473	65	24.42	4.81%	25.07%	37,750	6.37%	40.6%
8956	NTT UD REIT Investment Corporation	+25.59%	4.46%	1.11	209,919	260	57	23.22	4.75%	23.32%	33,525	8.45%	47.7%
8957	TOKYU REIT, Inc.	+22.71%	4.16%	0.94	182,225	238	32	23.56	4.78%	35.83%	38,750	6.18%	44.9%
8958	Global One Real Estate Investment Corporation	+18.73%	4.04%	0.89	114,657	191	11	17.96	4.37%	19.51%	38,480	4.87%	47.1%
8960	United Urban Investment Corporation	+22.54%	4.29%	0.91	450,912	675	136	24.42	4.61%	23.45%	37,200	5.40%	42.6%
8961	MORI TRUST Sogo Reit, Inc.	+12.56%	4.29%	0.98	186,912	327	16	21.20	4.35%	12.11%	30,375	6.40%	47.5%
8964	Frontier Real Estate Investment Corporation	+32.53%	4.34%	1.11	268,877	361	40	13.54	5.05%	24.86%	43,120	6.96%	37.5%
8966	HEIWA REAL ESTATE REIT, Inc.	+29.02%	3.78%	1.15	159,099	195	115	21.12	5.16%	23.95%	22,800	6.14%	46.1%
8967	Japan Logistics Fund, Inc.	+6.44%	3.10%	1.15	284,193	272	50	14.72	5.30%	48.56%	48,600	5.87%	44.2%
8968	Fukuoka REIT Corporation	+17.49%	4.29%	0.93	129,907	202	32	18.36	5.24%	21.90%	35,000	5.49%	41.2%
8972	Kenedix Office Investment Corporation	+4.08%	3.96%	0.94	295,243	441	96	25.30	4.93%	21.87%	27,300	6.13%	43.4%
8975	Ichigo Office REIT Investment Corporation	+21.94%	4.94%	1.01	129,544	206	86	28.42	5.65%	20.39%	29,624	6.14%	48.9%
8976	Daiwa Office Investment Corporation	+19.20%	3.92%	0.95	348,495	463	60	23.60	4.51%	27.14%	28,000	5.97%	42.0%
8977	Hankyu Hanshin REIT, Inc.	+31.29%	3.67%	0.97	109,981	170	31	18.29	4.72%	17.82%	29,050	4.84%	44.0%
8984	Daiwa House REIT Investment Corporation	+28.73%	3.51%	1.12	750,520	894	229	10.99	4.95%	19.42%	45,400	4.71%	42.0%
8985	Japan Hotel REIT Investment Corporation	+14.01%	0.20%	0.78	261,767	371	42	23.83	1.75%	34.51%	1,440	0.69%	42.2%
8986	Daiwa Securities Living Investment Corporation	+21.96%	3.99%	1.10	241,215	343	238	13.50	5.49%	21.21%	17,440	5.68%	51.2%
8987	Japan Excellent, Inc.	+6.92%	4.22%	0.85	179,678	283	35	22.50	5.22%	24.16%	28,000	5.26%	42.7%
8963	Invincible Investment Corporation	+22.94%	0.08%	0.76	231,985	499	140	25.31	0.87%	14.66%	197	-2.96%	50.0%
3226	Nippon Accommodations Fund Inc.	+7.45%	3.29%	1.17	312,153	338	134	15.01	5.31%	39.28%	40,820	6.54%	51.7%
3234	Mori Hills REIT Investment Corporation	+9.06%	3.84%	1.04	288,216	411	11	20.04	3.80%	20.87%	28,850	5.61%	46.0%
3249	Industrial & Infrastructure Fund Investment Corporation	+15.23%	3.02%	1.63	419,799	369	73	20.87	5.94%	20.49%	48,928	7.07%	47.7%
3269	Advance Residence Investment Corporation	+15.59%	3.21%	1.22	482,673	462	272	15.15	5.68%	47.22%	33,600	6.38%	48.2%
8979	Starts Proceed Investment Corporation	+15.41%	4.01%	1.03	57,201	88	106	17.09	5.48%	16.17%	22,600	5.50%	50.6%
3278	Kenedix Residential Next Investment Corporation	+15.72%	3.98%	1.08	205,251	269	162	14.38	5.34%	22.60%	41,010	6.18%	50.1%
3279	Activia Properties Inc.	+10.77%	4.32%	0.97	355,430	548	47	20.50	4.21%	18.99%	37,346	5.69%	46.5%
3281	GLP J-REIT	+14.19%	3.02%	1.32	809,614	788	86	16.33	4.98%	27.79%	43,608	5.61%	44.1%
3282	Comforia Residential REIT, Inc	+10.27%	3.36%	1.12	221,065	262	140	11.75	5.06%	26.25%	42,920	7.36%	50.1%
3283	Nippon Prologis REIT, Inc.	+12.82%	2.65%	1.52	953,994	758	52	8.42	5.36%	28.08%	48,940	4.83%	37.8%
3287	Hoshino Resorts REIT, Inc.	+27.40%	2.29%	1.21	155,654	166	63	23.59	4.63%	6.98%	29,214	2.84%	38.3%
3290	ONE REIT, Inc.	+19.93%	4.86%	1.06	78,983	120	31	32.33	5.50%	14.83%	28,620	9.75%	47.2%
3292	AEON REIT Investment Corporation	+24.49%	4.33%	1.04	310,759	448	46	16.41	6.35%	19.49%	32,925	5.61%	41.4%
3295	Hulic Reit, Inc.	+17.56%	4.38%	0.95	240,048	350	58	22.27	4.42%	16.90%	36,500	5.32%	44.6%
3296	NIPPON REIT Investment Corporation	+20.26%	4.84%	1.09	189,645	256	107	25.67	5.10%	18.30%	40,830	7.46%	48.0%
3451	Tosei Reit Investment Corporation	+17.78%	5.58%	0.91	43,074	72	52	28.21	6.21%	15.16%	35,300	7.12%	48.0%
3309	Sekisui House Reit, Inc.	+10.59%	4.10%	0.97	365,159	528	117	11.81	4.42%	16.36%	33,830	5.00%	45.4%
3453	Kenedix Retail REIT Corporation	+21.10%	4.84%	1.10	163,068	250	66	15.34	5.28%	6.91%	33,900	6.11%	44.8%
3455	Healthcare & Medical Investment Corporation	+20.70%	4.19%	1.27	48,050	67	37	17.12	5.60%	8.45%	32,370	5.64%	48.1%
3459	Samty Residential Investment Corporation	+12.39%	4.54%	1.02	91,432	144	156	11.28	5.29%	13.76%	26,990	5.10%	50.8%
3462	Nomura Real Estate Master Fund, Inc.	+18.68%	4.01%	0.96	761,033	1,066	298	20.07	5.02%	16.18%	32,345	3.98%	43.4%
3463	Ichigo Hotel REIT Investment Corporation	+16.67%	1.70%	0.63	20,882	52	23	26.85	3.55%	2.49%	6,950	1.70%	44.1%
3466	LaSalle LOGIPORT REIT	+19.85%	3.28%	1.28	334,152	358	19	10.83	4.74%	14.51%	30,725	4.88%	41.8%
3468	Star Asia Investment Corporation	+27.86%	4.77%	1.16	110,047	180	60	24.15	4.81%	6.18%	29,310	5.44%	46.0%
3470	Marimo Regional Revitalization REIT,Inc.	+17.98%	5.69%	0.97	20,535	30	32	15.89	6.78%	23.59%	38,280	6.53%	49.2%
3471	Mitsui Fudosan Logistics Park Inc.	+17.54%	2.68%	1.43	315,986	298	21	5.35	4.99%	13.06%	31,228	3.99%	33.6%
3472	Ooedo Onsen Reit Investment Corporation	+9.49%	4.61%	0.67	17,651	36	14	40.56	6.78%	16.19%	17,270	4.37%	38.4%
3476	MIRAI Corporation	+38.36%	4.74%	1.06	88,431	154	34	24.69	4.10%	6.20%	25,200	5.56%	48.6%
3478	MORI TRUST Hotel Reit,Inc.	+9.79%	3.81%	0.93	63,350	108	5	15.30	2.86%	17.21%	24,120	4.67%	48.9%
3481	Mitsubishi Estate Logistics REIT Investment Corporation	+18.70%	2.96%	1.38	185,007	170	22	8.02	4.73%	12.11%	28,018	4.06%	31.5%
3487	CRE Logistics REIT,Inc.	+40.12%	3.21%	1.46	123,669	135	20	4.03	4.91%	10.18%	35,165	4.94%	44.8%
3488	XYMAX REIT Investment Corporation	+21.58%	5.40%	0.76	24,797	35	15	19.33	5.52%	27.78%	29,950	5.53%	36.1%
3492	Takara Leben Real Estate Investment Corporation	+24.22%	5.39%	1.02	63,998	112	48	20.09	4.71%	6.22%	30,000	6.63%	46.0%
3493	ITOCHU Advance Logistics Investment Corporation	+33.80%	3.15%	1.30	103,102	111	12	4.35	5.08%	14.23%	27,035	4.18%	41.2%
2971	ESCON JAPAN REIT Investment Corporation	+20.27%	5.25%	1.11	47,832	70	38	14.46	5.36%	9.20%	35,675	6.86%	43.6%
2972	SANKEI REAL ESTATE Inc.	+27.02%	4.56%	1.02	57,967	97	14	18.40	4.47%	9.95%	28,305	5.36%	47.3%
2979	SOSiLA Logistics REIT,Inc.	+28.41%	3.16%	1.41	97,870	106	11	4.59	4.94%	7.68%	25,270	4.37%	37.9%
2989	Tokaido REIT,Inc.		4.69%		18,688	30	8	18.51			24,806

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	Shiodome Building	107
4	Tokyo Shiodome Building	85
5	Kitanomaru Square	82

Unit Price Growth Rankings

1	United Urban	+6.48%
2	Japan Hotel	+1.21%
3	Star Asia	+1.15%