Japan REITs

Japan Real Estate Investment Trusts (REITs) are companies that own and operate income producing real estate properties. These properties can include office buildings, shopping centers, industrial warehouses, data centers, and apartment buildings, among others.

In Japan REITs are required to distribute at least 90% of their taxable income to investors in the form of dividends. This makes them an attractive option for income-oriented investors.

List of Japan REITs by Market Capitalization and Dividend Yield

When evaluating REITs a useful metric to consider is market capitalization which is the total value of a company’s outstanding shares. In general larger REITs tend to have more diversified portfolios and a longer track record of performance. This makes them a safer investment option.

In addition to market capitalization investors may also want to consider the dividend yield of a REIT when evaluating its potential as an investment. The dividend yield is the annual dividend per share divided by the share price.

The below table is a list of REITs listed in Japan sorted by market cap. Interact with the table to sort and filter as desired.

Japan REITs Dividend and Payout Ratio

The best REITs have a sustainable and dividend. Interact with the chart below by selecting items in the legend that interest you. To filter the chart scroll up the to table to use the search filters.

How to Invest in REITs in Japan

There are three primary ways to invest in Japan REITs:

  1. Purchase shares of companies directly on the Tokyo Stock Exchange using a broker.
  2. Purchase shares of ETFs that hold Japan real estate companies.
  3. Buy into a fund (hedge fund) that invests in real estate.

How are Japan REIT Dividends Taxed at the Shareholder?

Real estate investment trusts (REITs) in Japan are taxed at the unit holder level for residents for tax purposes. The income received from REITs is subject to income tax as either ordinary income or as capital gains, depending on the type of income received.

Tax credits are available for residents who invest in REITs. For example, individuals are eligible for a tax credit of up to 20% of the amount invested in REITs, up to a maximum of 200,000 yen per year. This credit is available for investments made between January 1 and December 31 of the tax year. Additionally, there are also deductions available for REITs investment for specific type of individuals such as pensioners.

Pensioner Deduction

In Japan there are deductions available for REITs investment for certain types of individuals such as pensioners.

Pensioners who are aged 70 or older are eligible for a deduction of up to 300,000 yen per year for investments made in REITs.

To qualify the pensioner must have received a pension from the government, a private pension, or a pension from a mutual aid association for the tax year in question.

REIT ETFs in Japan

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Japan REITs Frequently Asked Questions

What is the total market cap of all REITs in Japan?

The total is Column with ID 10 is not found in table with ID 9! Yen

How much REITs should be in a Retirement Portfolio?

It is difficult to say what percentage should be in a retirement portfolios as this will vary depending on the specific goals and risk tolerance of the investor.

How are REITs Taxed in Japan?

Real Estate Investment Trusts (REITs) in Japan must distribute at least 90% of their income to share holders.

Are REITs Tax Free?

REITs are not tax free unless they are held in an account or trust that is structured in a way that allows them to be tax free or tax differed. Please consult with your financial advisor for more information.

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