2015 to 2024; monthly figures as of December each year
Supplementary notes
The index is based on income-producing properties owned by core real estate funds mainly for institutional investors. Including properties owned by unlisted core funds and the total of properties owned by listed J-REITs.
The figures are averages of income returns based on net operating income and capital appreciation returns based on changes in appraisal values.
Citation formats
Annual returns of properties owned by core real estate funds in Japan 2015-2024
In December 2024, the annual returns of properties owned by core real estate funds in Japan stood at **** percent. The figures increased from **** percent in the previous year.
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Association for Real Estate Securitization. (September 29, 2025). Annual returns of properties owned by core real estate investment funds in Japan from 2015 to 2024 [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 25, 2026, from /statistics/1385106/japan-core-real-estate-fund-properties-annual-returns/
Association for Real Estate Securitization. "Annual returns of properties owned by core real estate investment funds in Japan from 2015 to 2024." Chart. September 29, 2025. ÌÇÐÄÆƽâ°æ. Accessed July 25, 2026. /statistics/1385106/japan-core-real-estate-fund-properties-annual-returns/
Association for Real Estate Securitization. (2025). Annual returns of properties owned by core real estate investment funds in Japan from 2015 to 2024. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 25, 2026. /statistics/1385106/japan-core-real-estate-fund-properties-annual-returns/
Association for Real Estate Securitization. "Annual Returns of Properties Owned by Core Real Estate Investment Funds in Japan from 2015 to 2024." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 29 Sep 2025, /statistics/1385106/japan-core-real-estate-fund-properties-annual-returns/
Association for Real Estate Securitization, Annual returns of properties owned by core real estate investment funds in Japan from 2015 to 2024 ÌÇÐÄÆƽâ°æ, /statistics/1385106/japan-core-real-estate-fund-properties-annual-returns/ (last visited July 25, 2026)
Annual returns of properties owned by core real estate investment funds in Japan from 2015 to 2024 [Graph], Association for Real Estate Securitization, September 29, 2025. [Online]. Available: /statistics/1385106/japan-core-real-estate-fund-properties-annual-returns/
