UNITED URBAN

What UNITED URBAN does

United Urban Investment Corporation (ユナイテッド・アーバン投資法人) is a diversified J-REIT (Japanese Real Estate Investment Trust) listed on the Tokyo Stock Exchange under Securities Code 8960, established in 2003 and operating under Japan's Act on Investment Trusts and Investment Corporations. The corporation invests in a balanced mix of office, residential, hotel, retail, and other income-generating real estate assets located across multiple Japanese metropolitan areas, holding 147 properties with an aggregate acquisition price of ¥730.2 billion and a portfolio-wide occupancy rate of 97.8% as of mid-2026. United Urban is externally managed by Marubeni REIT Advisors Co., Ltd. (a Marubeni-group asset management firm), which executes property acquisition and disposition decisions, financing, and operational management on behalf of the investment corporation; Sumitomo Mitsui Trust Bank serves as the designated administrator for the unit-holder registry.

The business model is the standard Japanese pass-through REIT structure: rental income from the real estate portfolio is reduced by operating expenses and management fees, and substantially all taxable income is distributed to unitholders on a semi-annual cycle. Confirmed and forecast distributions are 4,142 yen per unit for the 44th period (November 2025), 4,550 yen for the 45th period (May 2026), and 4,600 yen for the 46th period (November 2026). Investment units trade on the Tokyo Stock Exchange through standard securities brokerage channels, with no minimum or maximum unit count other than exchange rules, making the product accessible to both institutional and retail investors seeking exposure to professionally managed Japanese real estate. The company maintains a formal IR program (press releases, semi-annual financial reports, IR calendar, analyst coverage, and earnings-commentary video) and a standalone sustainability site covering SFDR and ESG initiatives, including two green loan tranches executed in 2026.

Name

UNITED URBAN

Legal name

ユナイテッド・アーバン投資法人 (United Urban Investment Corporation)

Website

https://united-reit.co.jp

Company type

Public

Founded year

2003

Operating status

Operating

Headcount range

501–1,000 employees

Short description

United Urban Investment Corporation is a diversified J-REIT (TSE: 8960) holding 147 Japanese properties across office, residential, hotel, and retail categories, externally managed by Marubeni REIT Advisors, and distributing substantially all taxable income semi-annually to institutional and retail unitholders.

Ownership category

akta.pro rank

Product category

Diversified REIT (J-REIT)

NAICS

Other Financial Vehicles (52599), Other Financial Investment Activities (5239)

SIC

Real Estate Investment Trusts (6798)

akta.pro industry

PRIMARYFSAAAKAL

Real Assets — Operating Platforms & Direct Investments

Financial & Insurance/Asset & Wealth Management/Asset Management — Real Assets (Real Estate, Infrastructure, Natural Resources)

SECONDARYBPAJAMAA

Residential Real Estate Asset Management

Business & Public Services/Real Estate Services (Brokerage, Property Management)/Real Estate Asset & Portfolio Management

Keywords

• Diversified J-REIT
• Japanese real estate trust
• Rental income distribution
• Property investment units
• Listed REIT portfolio

Headquarters

HQ city

Tokyo

HQ country

Japan

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Others

Revenue model

1. Rental Income from Real Estate Portfolio: The primary revenue stream comes from leasing office buildings, residential properties, hotels, retail facilities, and other income-generating real estate assets. Rental income is distributed to investment unit holders after deducting operational expenses and management fees.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

United Urban Investment Corporation is a diversified (comprehensive) J-REIT listed on the Tokyo Stock Exchange (Securities Code: 8960). The corporation acquires, owns, and manages a diversified portfolio of 147 Japanese real estate properties spanning office buildings, residential assets, hotels, and retail facilities, with a total acquisition price of ¥730.2 billion and a 97.8% occupancy rate. Substantially all taxable income from rental operations is distributed semi-annually to unitholders.

Product overview

ユナイテッド・アーバン投資法人 (United Urban Investment Corporation) is a diversified J-REIT (Japanese Real Estate Investment Trust) listed on the Tokyo Stock Exchange (Securities Code: 8960). As a 综合型J-REIT (diversified/comprehensive J-REIT), the investment corporation acquires and manages a diversified portfolio of real estate properties across multiple use types and geographic regions in Japan. The corporation distributes substantially all of its taxable income to unitholders, providing investors with regular dividend income derived from rental revenues and property appreciation. The portfolio consists of 147 properties with a total acquisition price of 730.2 billion yen and a 97.8% occupancy rate (as of May 31, 2026).

Differentiator

Problem solved

Functional benefit

Products and services

• United Urban J-REIT Investment Units (Securities Code: 8960)

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• Marubeni REIT Advisors Co., Ltd. (丸紅リートアドバイザーズ株式会社)coreStrategic or Co-development PartnerThe asset management company responsible for all investment decisions, property acquisition and sale negotiations, financing activities, and property operational management. Handles day-to-day portfolio management and investor reporting functions. Licensed asset management firm specializing in J-REIT operations.
• Sumitomo Mitsui Trust Bank, Limited (三井住友信託銀行株式会社)coreStrategic or Co-development PartnerDesignated administrator for shareholder registry management. Handles investment unit registry administration and related shareholder services per securities regulations. Contact for investor inquiries regarding unit ownership records.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Sekisui House REIT: Residential-focused J-REIT backed by Sekisui House. Comparable as a TSE-listed J-REIT operating under Japan's Investment Trust Act with regular semi-annual distributions derived from a diversified residential portfolio in Japan.
• Nippon Building Fund: Japan's largest office-focused J-REIT, listed on TSE. Directly comparable as a Tokyo-headquartered diversified real estate investment trust operating under the same J-REIT regulatory framework with public-market unitholder distribution model.
• Japan Real Estate Investment Corporation: One of the original J-REITs, focused primarily on Tokyo office properties. Comparable in structure, distribution policy, and target investor base to United Urban's diversified REIT offering, with similar TSE-listed investment units.
• Nippon Prologis REIT: J-REIT specializing in logistics real estate across Japan. Comparable as a TSE-listed J-REIT vehicle pooling capital from public investors to acquire and manage Japanese income-producing real estate, though focused on a single property type.
• Daiwa House REIT Investment Corporation: Diversified J-REIT sponsored by Daiwa House Group, investing in logistics, residential, retail, and office properties across Japan. Closely mirrors United Urban's comprehensive/diversified mandate and multi-asset portfolio strategy.
• GLP Japan REIT Investment Corporation: J-REIT specializing in modern logistics facilities across Japan. Comparable as a TSE-listed J-REIT operating under the same regulatory and tax framework with semi-annual distributions and a foreign-affiliated sponsor.
• Frontier Real Estate Investment Corporation: J-REIT focused on retail and logistics facilities primarily in regional Japanese cities. Comparable as a TSE-listed J-REIT with diversified real estate exposure and regular unitholder distributions.
• Activia Properties: Diversified J-REIT focused on retail and office properties in urban Japan. Comparable in structure, scale, and TSE-listed investment unit model, with similar income-property investment strategy.

Others

• Marubeni Corporation: Parent group of the asset manager Marubeni REIT Advisers. Not a REIT itself but materially relevant as the parent/sponsor entity underwriting the asset management relationship and providing operating capability to United Urban.
• Sumitomo Mitsui Trust Bank: Designated shareholder/unitholder registry administrator for United Urban and a major J-REIT custodian and lender in the broader market. Relevant ecosystem participant providing unitholder recordkeeping and J-REIT banking infrastructure.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/watch?v=ckGAdmvclgw

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about UNITED URBAN