Japanese Real Estate Top Dividend Payers

GLP J-REIT

Market Cap: JP¥688.0b

A real estate investment corporation (“J-REIT”) specializing in logistics facilities, and it primarily invests in modern logistics facilities.

Advance Residence Investment

Market Cap: JP¥480.3b

Advance Residence Investment Corporation is the largest J-REIT specializing in residential properties and is managed by ITOCHU REIT Management Co., Ltd.

CRE Logistics REIT

Market Cap: JP¥99.9b

CRE REIT leverages the comprehensive strength of the CRE Group, which boasts more than 50 years’ experience in the logistics real estate business, to invest in quality logistics-related facilities that satisfy tenant needs.

Mitsui Fudosan Accommodations Fund

Market Cap: JP¥334.6b

Mitsui Fudosan Accommodations Fund Inc. (MAF) is a J-REIT that invests in “Accommodation Assets,” which it defines as real estate that is mainly used/may be used for residence or hotels.

Ichigo Hotel REIT Investment

Market Cap: JP¥44.0b

Ichigo Hotel REIT Investment Corporation (hereinafter referred to as “Ichigo Investment Corporation”) Based on the Act (Act No.

One REIT

Market Cap: JP¥73.3b

One REIT has Mizuho REIT Management Co., Ltd.

Fukuoka REIT

Market Cap: JP¥166.8b

The Investment Corporation was established on July 2, 2004 as Japan's first region-focused real estate investment trust in accordance with the Act on Investment Trusts and Investment Corporations (Act No.

SANKEI REAL ESTATE

Market Cap: JP¥47.2b

SANKEI REAL ESTATE was incorporated under the Act on Investment Trusts and Investment Corporations (Act No.

MIRAI

Market Cap: JP¥94.7b

MIRAI Corporation (hereinafter “MIRAI”) is diversified REIT.

SOSiLA Logistics REIT

Market Cap: JP¥90.7b

A real estate investment trust company, engages in the real estate leasing business in Japan.

Samty Residential Investment

Market Cap: JP¥102.1b

Samty Residential was established in accordance with the Act on Investment Trusts and Investment Corporations (Act No.