🔴 Hot News: ranking/all - Kapook Update 2025

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.

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.	-15.93%	4.27%	0.95	1,033,118	1,559	69	23.80	4.16%	25.74%	50,060	6.50%	42.6%
8952	Japan Real Estate Investment Corporation	-15.66%	4.93%	0.85	764,776	1,198	77	22.14	4.08%	33.69%	51,720	6.86%	44.8%
8953	Japan Metropolitan Fund Investment Corporation	-9.51%	5.64%	0.81	739,421	1,342	157	23.31	4.66%	22.84%	46,400	7.32%	46.2%
8954	ORIX JREIT Inc.	-10.45%	5.50%	0.81	491,832	807	123	20.59	5.10%	37.72%	49,000	8.21%	46.8%
8955	Japan Prime Realty Investment Corporation	-14.74%	4.91%	0.86	355,842	552	65	25.26	4.54%	27.69%	43,200	6.77%	43.2%
8956	NTT UD REIT Investment Corporation	-11.82%	5.13%	0.81	177,363	296	62	25.78	4.69%	28.52%	31,000	7.02%	47.9%
8957	TOKYU REIT, Inc.	-8.61%	4.48%	0.84	172,470	246	29	26.62	4.05%	42.39%	40,150	8.22%	43.0%
8958	Global One Real Estate Investment Corporation	-25.61%	6.14%	0.75	114,160	232	17	18.94	4.09%	20.95%	51,200	7.98%	53.2%
8960	United Urban Investment Corporation	-16.45%	6.08%	0.84	480,960	732	147	27.20	5.92%	30.50%	54,840	7.63%	44.4%
8961	MORI TRUST Reit, Inc.	-12.99%	5.41%	0.74	236,028	464	20	23.45	3.93%	21.37%	35,900	5.62%	46.8%
8964	Mitsui Fudosan Retail Fund Investment Corporation	-18.76%	6.17%	0.69	195,572	399	46	17.06	4.94%	32.88%	44,600	6.88%	42.6%
8966	HEIWA REAL ESTATE REIT, Inc.	-18.55%	6.56%	0.82	165,792	281	141	25.28	4.85%	26.91%	32,400	8.46%	48.5%
8967	Japan Logistics Fund, Inc.	-11.12%	5.11%	0.81	239,165	306	56	18.18	5.60%	63.63%	66,750	9.01%	44.2%
8968	Fukuoka REIT Corporation	-12.31%	4.82%	0.83	144,224	231	37	21.01	5.54%	29.87%	40,000	7.10%	42.4%
8972	KDX Investment Corporation	-17.49%	6.24%	0.77	563,872	1,226	345	22.04	4.71%	12.37%	34,832	5.42%	45.8%
8975	Ichigo Office REIT Investment Corporation	-4.68%	10.38%	0.88	135,469	216	83	33.22	5.45%	30.66%	65,121	7.08%	51.6%
8976	Daiwa Office Investment Corporation	-19.08%	4.93%	0.71	272,665	491	58	26.73	4.69%	32.64%	28,740	6.53%	46.8%
8977	Hankyu Hanshin REIT, Inc.	-27.99%	5.42%	0.66	86,761	182	40	21.42	4.95%	27.54%	33,850	5.27%	47.5%
8984	Daiwa House REIT Investment Corporation	-15.86%	5.85%	0.62	488,941	914	231	15.13	4.87%	33.17%	50,400	4.97%	43.5%
8985	Japan Hotel REIT Investment Corporation	-11.59%	7.39%	0.92	464,055	648	52	30.73	7.57%	36.23%	69,732	9.26%	46.7%
8986	Daiwa Securities Living Investment Corporation	-21.50%	5.69%	0.72	202,098	400	240	13.97	5.01%	29.07%	19,280	7.31%	51.1%
8987	Japan Excellent, Inc.	-14.00%	5.02%	0.72	160,149	291	32	22.32	4.84%	29.87%	31,150	6.05%	45.5%
8963	Invincible Investment Corporation	-15.24%	7.22%	0.80	438,142	684	155	34.09	7.05%	34.30%	27,175	8.42%	49.2%
3226	Mitsui Fudosan Accommodations Fund Inc.	-15.82%	4.35%	0.82	275,903	356	143	19.27	5.76%	61.16%	47,680	8.38%	51.3%
3234	Mori Hills REIT Investment Corporation	-17.94%	5.25%	0.74	221,773	415	11	24.33	3.49%	27.83%	31,000	5.98%	46.1%
3249	Industrial & Infrastructure Fund Investment Corporation	-9.96%	6.38%	0.86	317,575	536	110	23.98	5.31%	25.97%	64,120	8.78%	52.0%
3269	Advance Residence Investment Corporation	-18.54%	4.87%	0.75	381,068	508	291	18.83	5.75%	64.60%	39,066	7.43%	49.2%
8979	Starts Proceed Investment Corporation	-13.09%	5.83%	0.68	47,400	104	111	19.31	5.49%	24.78%	25,375	5.19%	53.6%
3279	Activia Properties Inc.	-8.66%	5.31%	0.76	293,238	544	46	24.09	4.16%	23.30%	39,342	6.31%	47.1%
3281	GLP J-REIT	-9.06%	5.36%	0.81	606,082	907	88	17.85	4.80%	39.37%	54,688	6.68%	45.5%
3282	Comforia Residential REIT, Inc	-15.61%	4.74%	0.79	220,765	352	180	14.96	4.94%	33.90%	51,336	6.11%	52.8%
3283	Nippon Prologis REIT, Inc.	-8.85%	4.97%	0.78	665,256	965	60	11.50	5.07%	43.70%	59,160	5.81%	40.5%
3287	Hoshino Resorts REIT, Inc.	-14.70%	5.99%	0.74	132,574	235	71	21.42	6.76%	15.84%	54,200	5.51%	40.8%
3290	ONE REIT, Inc.	-15.45%	7.06%	0.78	72,441	151	34	34.38	5.17%	16.46%	31,530	6.28%	48.5%
3292	AEON REIT Investment Corporation	-17.33%	5.86%	0.67	223,713	481	52	20.66	5.94%	23.69%	31,150	5.56%	41.8%
3295	Hulic Reit, Inc.	-16.62%	5.76%	0.72	200,160	424	63	22.48	4.33%	21.09%	40,000	6.06%	46.9%
3296	NIPPON REIT Investment Corporation	-22.38%	6.14%	0.65	137,092	276	107	23.20	5.15%	29.18%	36,800	7.33%	48.1%
3451	Tosei Reit Investment Corporation	-17.91%	6.30%	0.75	46,067	84	64	32.54	6.38%	23.54%	38,260	6.92%	47.9%
3309	Sekisui House Reit, Inc.	-16.73%	5.72%	0.72	284,923	566	137	11.33	4.52%	20.10%	37,880	8.38%	48.4%
3455	Healthcare & Medical Investment Corporation	-20.80%	7.23%	0.71	41,770	87	57	20.30	5.41%	15.57%	33,050	5.42%	52.5%
3459	Samty Residential Investment Corporation	-28.53%	6.51%	0.62	68,559	170	187	12.89	5.28%	15.87%	26,175	7.56%	50.9%
3462	Nomura Real Estate Master Fund, Inc.	-16.79%	5.54%	0.68	624,007	1,098	285	22.17	5.22%	28.77%	37,190	4.49%	44.3%
3463	Ichigo Hotel REIT Investment Corporation	-21.33%	6.17%	0.55	32,847	72	29	26.94	7.38%	28.37%	30,960	6.54%	46.8%
3466	LaSalle LOGIPORT REIT	-1.74%	6.05%	0.84	234,764	356	19	15.14	4.99%	25.97%	42,820	5.96%	44.4%
3468	Star Asia Investment Corporation	-12.21%	6.50%	0.70	141,068	273	73	22.10	5.40%	25.69%	34,150	6.51%	47.3%
3470	Marimo Regional Revitalization REIT,Inc.	-15.97%	6.99%	0.63	25,926	63	61	17.73	6.35%	19.69%	32,170	6.07%	48.9%
3471	Mitsui Fudosan Logistics Park Inc.	-10.76%	5.45%	0.77	309,735	567	49	8.50	4.26%	20.78%	41,920	5.52%	38.1%
3472	Nippon Hotel & Residential Investment Corporation	-20.64%	6.17%	0.64	27,927	69	31	34.34	5.89%	14.54%	19,945	5.10%	46.8%
3476	MIRAI Corporation	-20.50%	6.55%	0.70	73,246	185	46	28.82	5.04%	11.38%	25,150	5.90%	49.1%
3481	Mitsubishi Estate Logistics REIT Investment Corporation	-11.75%	5.28%	0.75	159,490	283	36	9.70	4.84%	21.76%	34,032	4.99%	42.6%
3487	CRE Logistics REIT,Inc.	-15.53%	5.76%	0.69	79,038	160	21	8.09	4.58%	23.78%	37,320	5.48%	44.7%
3488	CENTRAL REIT Investment Corporation	-12.91%	6.01%	0.69	27,488	51	20	22.29	5.94%	29.35%	31,430	6.17%	40.7%
3492	MIRARTH Real Estate Investment Corporation	-18.36%	7.06%	0.72	77,513	193	85	18.87	4.88%	6.38%	27,000	5.78%	49.9%
2971	ESCON JAPAN REIT Investment Corporation	-17.88%	7.01%	0.75	36,103	76	36	15.60	5.80%	12.03%	35,100	6.39%	45.6%
2972	SANKEI REAL ESTATE Inc.	+26.39%	3.31%	1.02	58,387	94	16	18.02	4.84%	8.87%	20,710	-17.80%	49.8%
2979	SOSiLA Logistics REIT,Inc.	-19.85%	5.64%	0.64	69,622	145	17	8.58	4.71%	22.31%	27,000	4.44%	43.9%
2989	Tokaido REIT,Inc.	-23.91%	6.80%	0.77	33,537	75	34	17.85	5.77%	5.05%	29,560	6.29%	48.1%
401A	Kasumigaseki Hotel REIT Investment Corporation	-14.54%	7.16%	0.78	26,518	49	15	3.24	6.52%	12.40%	33,050	3.16%	46.4%

What's New

Jul. 16, 2026
マーケットコラム「J-REITは賃貸収益ベースでも2025年度に増配へ転換」
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

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	Hyatt Regency Tokyo	126
4	Roppongi Hills Mori Tower	115
5	Shiodome Building	107

Unit Price Growth Rankings

1	Nippon Building	+0.26%
2	CENTRAL REIT	+0.10%
3	Hulic Reit	0.00%