Nippon Building Fund Inc. (8951)
| Item | Details |
|---|---|
| Securities code | 8951 |
| Name | Nippon Building Fund Inc. |
| Japanese name | 日本ビルファンド投資法人 |
| Asset manager | Nippon Building Fund Management Ltd. |
| Sponsor | Mitsui Fudosan Co., Ltd. |
| Property type | Office |
| Listing date | 10 Sep 2001 |
| Fiscal months (record months) | Jun / Dec |
| Payment months | Sep / Mar※ |
| Official website | https://www.nbf-m.com/nbf/ |
What kind of REIT is Nippon Building Fund Inc.?
Nippon Building Fund is an office REIT sponsored by Mitsui Fudosan. It was one of the first two J-REITs to list in Japan, together with Japan Real Estate Investment Corporation, in September 2001, and is among the largest J-REITs by assets.
It invests in large office buildings in major cities across Japan, mainly central Tokyo. Its strengths are the Mitsui Fudosan group's building management capability and tenant network.
Key features
- One of the largest office REITs and a bellwether of the J-REIT market
- Mainly large office buildings in central Tokyo
- Uses the Mitsui Fudosan group's developments and tenant network
Main properties
Shiodome City Center, NBF Osaki Building
Unit price and distributions
| Item | Details |
|---|---|
| Unit price | ¥118,800 |
| Annual distribution | ¥5,006 Forecast |
| Distribution yield | 4.21% |
| Yield rank among J-REITs | 58 of 58 |
| Forecast distribution (period ending Dec 2026) | ¥2,465 |
| Forecast distribution (period ending Jun 2027) | ¥2,541 |
| Last period's distribution (actual) Jun 2026 | ¥2,489 |
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 |
|---|---|
| 29 Jun 2026 | ¥2,489 |
| 29 Dec 2025 | ¥2,454 |
| 27 Jun 2025 | ¥2,495 |
| 27 Dec 2024 | ¥2,462 |
| 27 Jun 2024 | ¥2,616.4 |
| 28 Dec 2023 | ¥2,300 |
Other REITs of the same property type (Office)
- 8952 Japan Real Estate Investment Corporation
- 8958 Global One Real Estate Investment Corporation
- 8975 Ichigo Office REIT Investment Corporation
- 8976 Daiwa Office 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.