Japan's $95 Billion REIT Market Has Mom and Pop Buyers Tiptoe In
- Yield above 4%, stable returns lure retail investors: MS-MUFG
- IPO this month may trigger profit-taking by individuals
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This summer, Japanese real estate investment trusts benefited from an unexpected group of net buyers for the first time in nearly seven years: mom and pop investors.
Encouraged by the relatively lucrative returns, an increasing number of retail investors are putting their money in some of 58 publicly-traded REITs tracked by the Tokyo Stock Exchange’s gauge. Individuals were net buyers in July for the first time since November 2011, according to TSE data. They invested a combined 52 million yen ($478,000), a turnaround that strategists say is likely to have continued in August.