Fukuoka REIT Corporation: Business Overview, Financials & Competitive Analysis
Fukuoka REIT Corporation scores 6/10 on the AskCyborg Cyborg Score (Solid). Stable regional REIT with consistent FFO generation and attractive dividends, but earnings growth partly driven by non-recurring gains. H1 2026 results showed 28.3% earnings growth over the past year, though this includes a large ¥1.9 billion one-off gain. FFO of ¥9,437 million on a trailing twelve-month basis shows reasonably.
What is Fukuoka REIT Corporation's industry? Fukuoka REIT Corporation (fukuoka-reit.jp) operates in Real Estate Investment Trusts (REITs). AskCyborg classifies Fukuoka REIT Corporation under Real Estate Investment Trusts (REITs) in its company registry.
Fukuoka REIT Corporation is the first region-specific REIT in Japan, focusing on the Kyushu region including Okinawa and Yamaguchi. It manages a portfolio centering on superior design entertainment retail facilities a...
Cyborg Score thesis
Stable regional REIT with consistent FFO generation and attractive dividends, but earnings growth partly driven by non-recurring...
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Pro stress-test →Fukuoka REIT Corporation is the first region-specific REIT in Japan, focusing on the Kyushu region including Okinawa and Yamaguchi. It manages a portfolio centering on superior design entertainment retail facilities and Class A office buildings in the entire Kyushu region centering on Fukuoka, with 35 properties as of February 2025, including 10 commercial facilities, 13 office buildings, and 12 other properties.
Strategic Profile
Pro stress-test →Fukuoka REIT differentiates itself through deep regional expertise in the Japanese real estate market, leveraging local market knowledge in a geographically-concentrated portfolio. As of H1 2026, the trust reported trailing 12-month revenue of ¥19.3 billion and basic EPS of ¥9,233.51, with a net profit margin of 41.5%. The company has demonstrated solid FFO generation, positioning itself as an income-focused REIT for Japanese investors seeking regional real estate exposure.
Competitive Landscape
Pro stress-test →Fukuoka REIT competes with other regional and diversified REITs in Japan, including larger national REITs focused on multiple sectors. Its differentiation lies in regional specialization rather than scale, serving investors seeking Kyushu exposure through a pure-play regional vehicle. The Japanese REIT market includes competitors offering broader geographic diversification and larger portfolios.
Industry Context
Fukuoka REIT Corporation operates in Real Estate Investment Trusts (REITs).
Key facts
Founded: 2004 · Headquarters: Fukuoka, Japan · Employees: N/A · Revenue: ¥19.3B (TTM as of H1 2026) · Market cap: N/A