Escon Japan REIT Investment Corporation
2971.T
Tokyo Stock Exchange117,700.00
JPY
+1,700.00
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Escon Japan REIT Investment Corporation
2971.T
(Tokyo Stock Exchange)
Recent
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117,700.00
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yld
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ROIC.AI
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- Business
- Escon Japan REIT Investment Corporation, ticker 2971.T, is a closed-end real estate investment trust established on August 26, 2016, and listed on the Tokyo Stock Exchange in February 2019, that invests primarily in lifestyle-focused assets including community-oriented commercial facilities such as suburban retail centers like tonarie Yamato Takada, tonarie Minami Senri and tonarie Toga Mikita; hotels exemplified by the recent acquisition of the women-only capsule hotel nine hours Woman Shinjuku in Tokyo's Shinjuku Ward for JPY 2.7 billion in December 2025; residential facilities; logistics properties; and other assets contributing to sustainable societies, with a portfolio of 38 properties totaling approximately JPY 72 billion in acquisition price concentrated mainly in Japan's five major metropolitan areas including Tokyo, Osaka and Nagoya, headquartered in Tokyo and sponsored by Es-Con Japan Ltd. with ES-CON Asset Management Ltd. serving as asset manager. The REIT targets over 60% allocation to commercial facilities located in daily life zones near stations, densely populated areas and main roads; up to 20% in residential properties; and up to 20% in sustainability-oriented assets, leasing these properties to generate stable mid- to long-term earnings while serving local communities amid population concentration in urban areas. Recent developments include the acquisition of its first hotel asset nine hours Woman Shinjuku, a nine-story wellness-focused capsule hotel completed in 2022 with 126 units and a 20-year fixed-term lease featuring variable GOP-based rent for inflation resilience, at a 4.8% NOI yield; ongoing reciprocal transactions with sponsor Es-Con Japan Ltd. such as three properties acquired by the sponsor in June 2024 and one land parcel sold to the REIT in April 2025 for redevelopment; completion of the Hasekura Medical Building acquisition; and expectations of JPY 1.07 billion in funding to support portfolio growth.