ESCON JAPAN REIT Investment Corporation (2971)
| Item | Details |
|---|---|
| Securities code | 2971 |
| Name | ESCON JAPAN REIT Investment Corporation |
| Japanese name | エスコンジャパンリート投資法人 |
| Asset manager | ESCON Asset Management Ltd. |
| Sponsor | ES-CON JAPAN Ltd. (Chubu Electric Power Group) |
| Property type | Diversified |
| Listing date | 13 Feb 2019 |
| Fiscal months (record months) | Jan / Jul |
| Payment months | Apr※ / Oct |
| Official website | https://www.escon-reit.jp/ |
What kind of REIT is ESCON JAPAN REIT Investment Corporation?
ESCON JAPAN REIT is a diversified REIT sponsored by the property developer ES-CON JAPAN. It invests in "daily-life assets", mainly neighbourhood shopping centres anchored by supermarkets and drugstores.
A large share of its portfolio is leasehold land (sokochi), where the REIT owns only the land and leases it to the building owner. Land carries no building upkeep and the leases are long, so the income tends to be stable.
Key features
- Focus on neighbourhood retail selling daily necessities, which is relatively resilient to the economy
- High share of leasehold land, so repair costs are low
- The sponsor ES-CON JAPAN is a subsidiary of Chubu Electric Power and supplies properties it develops
Main properties
tonarie-branded shopping centres, Leasehold land under retail facilities across Japan
Unit price and distributions
| Item | Details |
|---|---|
| Unit price | ¥100,500 |
| Annual distribution | ¥7,020 Forecast |
| Distribution yield | 6.99% |
| Yield rank among J-REITs | 5 of 58 |
| Forecast distribution (period ending Jan 2027) | ¥3,500 |
| Forecast distribution (period ending Jul 2027) | ¥3,520 |
| Last period's distribution (actual) Jul 2026 | ¥3,585 |
The unit price is the closing price of 9 Oct 2026. Updated every day at 17:00 Japan time (after the Tokyo close). "Forecast" annual distribution is the sum of the forecasts for the next two periods in the earnings report; "Actual" is the sum of distributions actually paid over the last year.
Distribution history
Distribution per unit by ex-date (before tax, including distributions in excess of earnings).
| Ex-date | Distribution per unit |
|---|---|
| 30 Jul 2026 | ¥3,585 |
| 29 Jan 2026 | ¥3,615 |
| 30 Jul 2025 | ¥3,886 |
| 30 Jan 2025 | ¥3,474 |
| 30 Jul 2024 | ¥3,242 |
| 30 Jan 2024 | ¥3,227 |
Other REITs of the same property type (Diversified)
- 2989 Tokaido REIT,Inc.
- 3295 Hulic Reit,Inc．
- 3309 Sekisui House Reit,Inc.
- 3451 Tosei Reit Investment Corporation
- 3462 Nomura Real Estate Master Fund,Inc.
- 3468 Star Asia Investment Corporation
- 3470 Marimo Regional Revitalization REIT,Inc.
- 3476 MIRAI Corporation
- 3488 CENTRAL REIT Investment Corporation
- 3492 MIRARTH Real Estate Investment Corporation
- 8960 United Urban Investment Corporation
- 8963 Invincible Investment Corporation
- 8972 KDX Realty Investment Corporation
- 8984 Daiwa House REIT Investment Corporation
List of all J-REITs ／ See the J-REIT Distribution Yield Ranking
Please note
The profile is based on each REIT's published materials; portfolios and policies can change through acquisitions, sales and mergers. Figures are collected automatically and may contain errors or delays. Please check each REIT's latest disclosures before investing. This page is for information only and is not a solicitation to invest.