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.	+11.97%	3.28%	1.22	1,128,658	1,368	75	23.14	4.52%	26.94%	44,800	5.14%	38.4%
8952	Japan Real Estate Investment Corporation	+18.30%	3.29%	1.15	904,542	1,070	73	19.98	4.66%	29.62%	42,960	6.04%	41.9%
8953	Japan Metropolitan Fund Investment Corporation	+65.32%	4.19%	0.98	756,220	1,198	127	19.99	4.77%	19.71%	36,288	5.53%	45.6%
8954	ORIX JREIT Inc.	+49.80%	3.55%	1.03	529,644	689	113	18.36	5.00%	28.22%	34,050	5.58%	43.5%
8955	Japan Prime Realty Investment Corporation	+44.24%	3.56%	1.14	406,777	466	65	24.08	4.85%	24.49%	37,750	6.07%	40.6%
8956	NTT UD REIT Investment Corporation	+44.88%	4.12%	1.18	206,637	262	58	22.70	4.96%	23.61%	32,300	6.11%	45.3%
8957	TOKYU REIT, Inc.	+36.86%	3.65%	0.95	182,225	249	34	23.16	4.68%	36.29%	34,050	7.00%	44.0%
8958	Global One Real Estate Investment Corporation	+39.10%	3.88%	0.92	119,081	191	11	17.46	4.34%	19.39%	38,400	4.84%	47.1%
8960	United Urban Investment Corporation	+48.49%	3.84%	1.03	506,106	671	133	23.88	4.57%	23.50%	37,380	5.26%	42.3%
8961	MORI TRUST Sogo Reit, Inc.	+27.02%	4.32%	1.08	205,392	324	15	22.06	4.43%	11.83%	33,600	6.30%	47.1%
8964	Frontier Real Estate Investment Corporation	+54.14%	4.36%	1.10	247,212	339	38	13.44	4.89%	24.11%	42,180	6.66%	37.8%
8966	HEIWA REAL ESTATE REIT, Inc.	+69.33%	3.43%	1.29	163,389	184	109	20.82	5.09%	23.06%	22,400	6.88%	45.6%
8967	Japan Logistics Fund, Inc.	+13.09%	3.12%	1.16	279,215	272	50	14.22	5.38%	46.11%	48,150	6.06%	44.1%
8968	Fukuoka REIT Corporation	+48.76%	4.03%	1.01	138,186	202	31	18.14	5.34%	20.29%	35,000	5.31%	41.3%
8972	Kenedix Office Investment Corporation	+41.73%	3.55%	1.08	337,666	441	96	24.81	4.97%	21.53%	28,000	6.29%	43.9%
8975	Ichigo Office REIT Investment Corporation	+37.30%	4.56%	1.09	139,835	206	86	27.93	5.73%	20.77%	29,470	6.30%	48.2%
8976	Daiwa Office Investment Corporation	+28.40%	3.64%	1.02	375,794	461	59	23.15	4.58%	26.24%	27,800	5.56%	41.8%
8977	Hankyu Hanshin REIT, Inc.	+17.09%	3.89%	0.93	106,227	170	31	17.80	4.74%	18.49%	29,700	4.94%	44.0%
8984	Daiwa House REIT Investment Corporation	+19.02%	3.87%	1.07	655,506	824	227	11.31	5.24%	17.29%	46,200	4.56%	42.0%
8985	Japan Hotel REIT Investment Corporation	+70.11%	0.42%	0.86	287,228	370	42	23.34	1.75%	34.51%	3,240	0.69%	42.2%
8986	Daiwa Securities Living Investment Corporation	+22.56%	3.86%	1.16	238,520	326	228	13.66	5.20%	20.76%	17,280	8.09%	49.2%
8987	Japan Excellent, Inc.	+31.59%	3.77%	0.96	201,191	272	34	22.71	5.15%	24.54%	28,050	5.58%	42.7%
8963	Invincible Investment Corporation	+93.03%	0.77%	0.88	264,908	503	141	24.75	1.49%	13.51%	2,195	0.50%	50.8%
3226	Nippon Accommodations Fund Inc.	+2.78%	3.13%	1.25	316,684	328	131	14.82	5.42%	37.11%	39,340	6.49%	50.2%
3234	Mori Hills REIT Investment Corporation	+13.44%	3.73%	1.08	299,331	403	11	19.80	3.74%	20.82%	29,100	5.51%	45.8%
3249	Industrial & Infrastructure Fund Investment Corporation	+23.69%	3.27%	1.57	401,997	361	74	21.06	6.00%	19.68%	50,848	6.91%	47.8%
3269	Advance Residence Investment Corporation	+4.70%	3.24%	1.26	478,518	459	271	14.63	5.59%	43.71%	33,600	6.48%	48.1%
8979	Starts Proceed Investment Corporation	+19.89%	4.06%	1.04	56,288	88	106	16.63	5.42%	14.63%	22,500	6.34%	50.5%
3278	Kenedix Residential Next Investment Corporation	+33.17%	3.71%	1.20	219,891	263	159	14.14	5.32%	20.72%	41,005	5.67%	51.3%
3279	Activia Properties Inc.	+49.03%	3.72%	1.10	385,612	509	44	20.30	4.23%	20.04%	37,160	5.74%	46.5%
3281	GLP J-REIT	+35.23%	2.96%	1.40	785,334	741	83	16.52	5.21%	25.76%	42,848	5.64%	44.4%
3282	Comforia Residential REIT, Inc	+11.06%	3.28%	1.23	236,657	262	140	11.26	4.95%	24.90%	44,840	6.00%	51.4%
3283	Nippon Prologis REIT, Inc.	+13.39%	2.83%	1.45	885,575	758	52	7.92	5.42%	27.64%	48,540	6.87%	37.5%
3287	Hoshino Resorts REIT, Inc.	+63.73%	1.89%	1.23	140,217	163	62	24.36	6.35%	7.05%	23,948	5.36%	37.9%
3290	ONE REIT, Inc.	+24.85%	4.83%	1.05	71,948	104	25	32.40	5.72%	16.99%	28,980	3.94%	46.0%
3292	AEON REIT Investment Corporation	+37.06%	4.32%	1.03	277,813	398	42	16.19	6.31%	18.40%	32,000	5.61%	41.3%
3295	Hulic Reit, Inc.	+43.89%	4.04%	0.98	234,204	350	58	21.77	4.63%	16.65%	35,000	6.12%	46.1%
3296	NIPPON REIT Investment Corporation	+28.83%	4.51%	1.12	193,020	255	103	25.46	5.25%	17.43%	38,712	8.18%	47.8%
3298	Invesco Office J-REIT, Inc.	+36.38%	3.72%	1.11	173,588	226	18	25.00	5.18%	20.30%	29,360	6.34%	49.3%
3451	Tosei Reit Investment Corporation	+35.59%	5.34%	0.97	45,015	72	52	27.71	6.14%	14.57%	35,300	6.60%	46.1%
3309	Sekisui House Reit, Inc.	+38.97%	3.66%	1.07	380,834	536	123	11.51	3.58%	14.86%	32,520	4.85%	45.1%
3453	Kenedix Retail REIT Corporation	+45.05%	5.17%	1.08	158,740	247	67	15.31	5.11%	6.38%	35,375	5.62%	44.8%
3455	Healthcare & Medical Investment Corporation	+18.09%	4.72%	1.15	42,638	67	37	16.62	5.52%	7.67%	32,360	5.47%	48.2%
3459	Samty Residential Investment Corporation	+18.02%	4.59%	1.13	74,095	118	132	11.13	5.30%	5.99%	26,625	6.58%	50.5%
3462	Nomura Real Estate Master Fund, Inc.	+43.44%	3.77%	1.03	809,600	1,066	299	19.58	5.23%	14.93%	32,340	4.21%	43.3%
3463	Ichigo Hotel REIT Investment Corporation	+52.23%	1.64%	0.66	21,775	52	23	26.35	3.23%	2.73%	6,985	1.31%	44.2%
3466	LaSalle LOGIPORT REIT	+15.23%	3.64%	1.21	304,038	358	19	10.35	4.97%	13.22%	31,125	4.93%	42.4%
3468	Star Asia Investment Corporation	+36.93%	5.22%	1.08	93,431	168	53	23.91	4.87%	5.18%	29,100	26.13%	45.9%
3470	Marimo Regional Revitalization REIT,Inc.	+29.45%	5.29%	0.95	19,864	30	32	15.39	6.69%	22.36%	34,430	6.38%	48.6%
3471	Mitsui Fudosan Logistics Park Inc.	+23.67%	2.86%	1.40	295,932	298	21	4.86	5.24%	9.95%	31,190	3.78%	31.0%
3472	Ooedo Onsen Reit Investment Corporation	+30.14%	4.65%	0.74	19,204	36	14	40.06	6.61%	15.12%	18,985	4.41%	38.6%
3476	MIRAI Corporation	+30.84%	5.23%	0.97	80,037	154	34	24.23	4.29%	5.64%	25,200	6.25%	47.5%
3478	MORI TRUST Hotel Reit,Inc.	+42.59%	1.00%	0.95	64,950	109	5	14.76	1.71%	17.61%	6,510	1.30%	49.4%
3481	Mitsubishi Estate Logistics REIT Investment Corporation	+17.94%	3.13%	1.33	172,295	170	22	7.52	4.93%	10.82%	27,568	4.20%	29.9%
3487	CRE Logistics REIT,Inc.	+16.53%	4.05%	1.23	84,975	112	19	4.18	4.96%	9.45%	34,390	5.04%	45.0%
3488	XYMAX REIT Investment Corporation	+27.51%	4.94%	0.79	25,579	34	13	18.86	5.75%	28.69%	28,275	5.64%	34.0%
3492	Takara Leben Real Estate Investment Corporation	+38.39%	5.22%	1.05	53,188	83	36	21.95	4.95%	6.43%	30,000	6.38%	46.0%
3493	ITOCHU Advance Logistics Investment Corporation	+6.65%	3.68%	1.08	81,857	111	12	3.86	5.25%	12.44%	25,105	3.59%	34.3%
2971	ESCON JAPAN REIT Investment Corporation	+28.75%	5.39%	1.08	35,741	52	28	14.38	5.32%	8.92%	34,035	6.86%	43.5%
2972	SANKEI REAL ESTATE Inc.	+16.82%	4.78%	0.96	41,639	72	12	16.73	4.51%	9.49%	27,910	5.46%	47.6%
2979	SOSiLA Logistics REIT,Inc.	+13.64%	3.42%	1.30	88,144	101	10	3.41	4.93%	7.42%	24,645	4.29%	34.9%

What's New

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
Sep. 7, 2018
3493 ITOCHU Advance Logistics Investment Corporation 9/7 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	Tokyo Shiodome Building	110
4	Shiodome Building	107
5	Kitanomaru Square	82

Unit Price Growth Rankings

1	Nomura Master	+3.81%
2	Global One	+3.77%
3	ESCON JAPAN REIT	+3.61%