NBF Nippon Building Fund
TSE Code : 8951

An office-specialized
J-REIT sponsored by

Mitsui Fudosan

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Features of NBF
NBF's Latest News

About NBF

Aiming to achieve steady growth
and secure stable profits
as the largest J-REIT in Japan

As the largest J-REIT in Japan, NBF aims to achieve steady growth of its assets and secure stable profits from a medium- to long-term perspective by maximizing the know-how of its sponsor, the Mitsui Fudosan Group.

Portfolio

An office-specialized J-REIT
sponsored by Mitsui Fudosan

NBF builds a competitive portfolio capturing tenant needs mainly in central Tokyo.

  • Number of Properties 69
  • Asset Size 1,505.2billion yen
As of July 2, 2025
  • Occupancy Rate 98.6%
As of June 30, 2025

Financials

Appropriate control of LTV
Long-term fixed-rate borrowings with diversified repayment dates
Highest rating as a J-REIT

NBF strives to conduct conservative financial management by targeting an LTV ratio of 36-46% and a ratio of long-term fixed-rate borrowings of 80% or higher.

  • JCR AA＋
  • R&I AA
  • S&P A＋
As of June 30, 2025

Investor Relations

Information disclosure
to stakeholders

NBF strives to implement timely and accurate information disclosure to stakeholders.

  • Actual 2,495yen 48th Period (1H/2025)
  • Forecast 2,420yen 49th Period (2H/2025)
  • Forecast 2,448yen 50th Period (1H/2026)

ESG Initiatives

Making efforts on the enhancement of portfolio quality with the consideration for ESG

NBF will not only give consideration to the environment but also promote communication with stakeholders and governance initiatives by regarding ESG initiatives as a management issue.