Number of real estate investment trust holders in Japan 2023, by investor type

Foreign investors: including corporations established under the law of foreign countries; foreign governments, local governments, and entities that are not incorporated; and individuals whose nationalities are other than Japanese, regardless of their place of residence.

Individuals and others: individuals and non-incorporated groups with Japanese nationality, regardless of their place of residence.

Other financial institutions: including credit unions (shinkin banks), credit associations, labor banks, agriculture-related financial institutions, government-related financial institutions, and securities finance companies, etc.

Figures include REITs listed on Japanese stock exchanges (Tokyo, Nagoya, Fukuoka, Sapporo) as of the end of August 2024 excluding newly listed REITs for which data of the first accounting period was not available by August 31, 2023.

Data was obtained electronically from the administrators of unitholder registers. Since the figures are an aggregate of the number of investors of each REIT, investors who invest in several REITs are counted more than once.