Japan Excellent, Inc. (8987)
| Item | Details |
|---|---|
| Securities code | 8987 |
| Name | Japan Excellent, Inc. |
| Japanese name | ジャパンエクセレント投資法人 |
| Asset manager | Japan Excellent Asset Management Co., Ltd. |
| Sponsor | Nippon Steel Kowa Real Estate (core sponsor), Dai-ichi Life and others |
| Property type | Diversified (mainly office) |
| Listing date | 27 Jun 2006 |
| Fiscal months (record months) | Jun / Dec |
| Payment months | Sep / Mar※ |
| Official website | https://www.excellent-reit.co.jp/ |
What kind of REIT is Japan Excellent, Inc.?
Japan Excellent is managed by an asset manager owned by Nippon Steel Kowa Real Estate as core sponsor, together with Dai-ichi Life and others. It invests mainly in office buildings in Greater Tokyo.
It is characterised by support from multiple sponsors in acquisitions, property management, financing and personnel.
Key features
- Mainly office buildings in Greater Tokyo
- Multiple sponsors, including a real estate company and a life insurer
- Grows by acquiring properties in which its sponsors have invested
Main properties
Ark Hills Front Tower
Unit price and distributions
| Item | Details |
|---|---|
| Unit price | ¥124,700 |
| Annual distribution | ¥6,230 Forecast |
| Distribution yield | 5.00% |
| Yield rank among J-REITs | 48 of 58 |
| Forecast distribution (period ending Dec 2026) | ¥3,100 |
| Forecast distribution (period ending Jun 2027) | ¥3,130 |
| Last period's distribution (actual) Jun 2026 | ¥3,070 |
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 | ¥3,070 |
| 29 Dec 2025 | ¥3,036 |
| 27 Jun 2025 | ¥3,106 |
| 27 Dec 2024 | ¥2,770 |
| 27 Jun 2024 | ¥2,862 |
| 28 Dec 2023 | ¥2,800 |
Other REITs of the same property type (Diversified (mainly office))
- 2972 SANKEI REAL ESTATE Inc.
- 3234 MORI HILLS REIT INVESTMENT CORPORATION
- 3296 NIPPON REIT Investment Corporation
- 8954 ORIX JREIT Inc.
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.