Industrial & Infrastructure Fund Investment Corporation (3249) AI Stock Analysis

• Market Cap: €307.39B
• Dividend Yield: 5.68%
• Average Volume (3M): 5.76K
• Price to Earnings (P/E): 17.3
• Beta (1Y): 0.33
• Revenue Growth: 30.28%
• EPS Growth: 0.44%
• Country: JP
• Employees: N/A
• Sector: Industrials
• Sector Strength: 85
• Industry: REIT - Diversified
• EPS (TTM): 6987.78
• Shares Outstanding: 2,536,216
• 10 Day Avg. Volume: 6,642
• 30 Day Avg. Volume: 5,760
• PEG Ratio: <0.01
• Price to Book (P/B): 10.16K
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -846.59K
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €129,285.83
• Price Target Upside: 4.60% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 71 Outperform
• Price Target: ¥130,169 ▲(5.31%Upside)

The stock's overall score is driven by strong financial performance, underpinned by solid revenue growth and profitability. Technical analysis supports a positive outlook with bullish momentum. Valuation is fair with a strong dividend yield, making it appealing for income-focused investors. Attention to rising liabilities and negative free cash flow is necessary to maintain financial health.

Industrial & Infrastructure Fund Investment Corporation Business Overview & Revenue Model

Company Description

Industrial & Infrastructure Fund Investment Corporation (IIF) is a Japanese real estate investment trust (REIT) focused on investment in industrial and infrastructure-related properties. The company primarily targets logistics facilities, factories, and infrastructure facilities that are strategically located to serve the dynamic needs of various industries. IIF aims to provide stable and growing returns to its investors through a well-diversified portfolio that benefits from Japan's industrial and infrastructural development.

How the Company Makes Money

IIF earns its revenue primarily through leasing and rental income from its portfolio of industrial and infrastructure properties. The company focuses on acquiring properties that have strong, stable tenants, which ensures a consistent flow of rental income. Additionally, IIF may engage in property sales when advantageous, contributing to its earnings. The company also benefits from strategic partnerships with property managers and developers, which help in maintaining high occupancy rates and optimizing property values. Furthermore, IIF may engage in property development or redevelopment activities to enhance the value of its assets and generate additional income.

Industrial & Infrastructure Fund Investment Corporation Financial Statement Overview

Summary

The company's revenue growth and profitability are strong, with improved gross and net profit margins. The balance sheet shows moderate leverage, typical for the REIT industry, but rising liabilities are a concern. Cash flow statements reveal strong operational cash but negative free cash flow due to high capital expenditures, which could limit financial flexibility.

Income Statement

The company has demonstrated a solid growth trajectory in its revenue, which increased from JPY 39.16 billion in 2023 to JPY 39.23 billion in 2024. The gross profit margin improved significantly, reflecting effective cost management. Net profit margin and EBIT margin have also shown positive trends, indicating healthy profitability. However, the EBITDA margin has remained stable, suggesting room for operational efficiency improvements.

Balance Sheet

The company's balance sheet reflects moderate leverage with a debt-to-equity ratio that has increased due to rising total debt. The equity ratio is stable, and the return on equity is strong, highlighting efficient use of equity. However, the increase in total liabilities needs monitoring to avoid potential financial strain.

Cash Flow

The operating cash flow has shown robust growth, but the free cash flow remains negative, indicating high capital expenditures. The operating cash flow to net income ratio is favorable, suggesting strong cash generation relative to net income. However, the free cash flow to net income ratio is negative, which could impact the company’s ability to finance new investments without raising additional debt.

Breakdown
TTM	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement		Total Revenue
42.44B	39.23B	39.16B	33.69B	29.24B	22.03B
	Gross Profit
19.18B	21.78B	15.87B	17.17B	18.10B	15.09B
	EBIT
20.12B	18.17B	400.00K	14.25B	15.26B	12.77B
	EBITDA
24.12B	22.55B	19.26B	18.34B	18.41B	15.29B
	Net Income Common Stockholders
17.50B	15.93B	13.36B	12.28B	13.28B	10.89B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
28.17B	25.58B	41.37B	35.58B	40.15B	13.13B
	Total Assets
555.12B	555.44B	433.41B	417.43B	407.43B	342.22B
	Total Debt
282.28B	282.28B	212.28B	202.78B	194.38B	170.58B
	Net Debt
254.11B	256.70B	170.91B	167.20B	154.23B	157.45B
	Total Liabilities
309.01B	309.23B	237.72B	228.07B	217.31B	187.12B
	Stockholders Equity
246.11B	246.20B	195.69B	189.36B	190.12B	155.11B
Cash Flow		Free Cash Flow
-206.07B	-94.95B	-2.35B	-1.23B	-20.89B	-13.64B
	Operating Cash Flow
33.08B	29.10B	19.42B	26.18B	28.78B	14.12B
	Investing Cash Flow
-271.76B	-139.49B	-21.87B	-25.60B	-45.69B	-26.83B
	Financing Cash Flow
94.35B	104.34B	2.35B	-4.74B	45.40B	16.14B

Industrial & Infrastructure Fund Investment Corporation Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 123600.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3249, the sentiment is Positive. The current price of 123600 is above the 20-day moving average (MA) of 118685.00, above the 50-day MA of 117030.00, and above the 200-day MA of 114941.99, indicating a bullish trend. The MACD of 1462.69 indicates Negative momentum. The RSI at 78.06 is Negative, neither overbought nor oversold. The STOCH value of 86.02 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3249.

Industrial & Infrastructure Fund Investment Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3476	75 Outperform	¥84.88B	17.08		5.84%	79.23%	8.31%
3249	71 Outperform	€307.39B	17.34	7.72%	5.68%	30.28%	0.44%
Sector *	66 Neutral	$4.49B	12.22	5.40%	3.71%	4.17%	-11.97%

Industrial & Infrastructure Fund Investment Corporation Corporate Events

IIF Announces Restructuring of Asset Management Affiliates

Industrial & Infrastructure Fund Investment Corporation has announced changes in the parent and specified affiliated companies of its asset management company, KJR Management. This restructuring, effective from June 13, 2025, simplifies the shareholding structure, with KKR Group Assets Holdings III L.P. becoming the wholly-owning parent company of KJRM Holdings. This change impacts the capital and business relationships of the asset management company, aligning it more closely with KKR’s strategic objectives.

The most recent analyst rating on (JP:3249) stock is a Buy with a Yen135000.00 price target. To see the full list of analyst forecasts on Industrial & Infrastructure Fund Investment Corporation stock, see the JP:3249 Stock Forecast page.

IIF Secures Interest Rate Stability with New Swap Agreement

Industrial & Infrastructure Fund Investment Corporation has entered into an interest rate swap agreement to hedge against future interest rate fluctuations related to a loan scheduled for May 30, 2025. This financial maneuver is not expected to materially impact IIF’s operating status for the fiscal periods ending July 2025 and January 2026, indicating stability in its financial forecasts.

The most recent analyst rating on (JP:3249) stock is a Buy with a Yen135000.00 price target. To see the full list of analyst forecasts on Industrial & Infrastructure Fund Investment Corporation stock, see the JP:3249 Stock Forecast page.

IIF Secures Interest Rate Stability with New Swap Agreement

Industrial & Infrastructure Fund Investment Corporation has entered into an interest rate swap agreement to hedge against future interest rate fluctuations associated with a loan scheduled for May 15, 2025. This move is not expected to significantly impact IIF’s operating status for the fiscal periods ending in July 2025 and January 2026, indicating stability in their financial forecasts.

The most recent analyst rating on (JP:3249) stock is a Buy with a Yen135000.00 price target. To see the full list of analyst forecasts on Industrial & Infrastructure Fund Investment Corporation stock, see the JP:3249 Stock Forecast page.

IIF Announces Debt Refinancing and Early Loan Repayment

Industrial & Infrastructure Fund Investment Corporation (IIF) has announced a refinancing decision involving a new long-term loan of 2.5 billion yen to repay a short-term loan of the same amount before its maturity date. This move is part of IIF’s strategy to manage its debt portfolio effectively. The refinancing and early repayment are not expected to have a significant impact on IIF’s operating status for the upcoming fiscal periods, maintaining stability in its financial forecasts.

The most recent analyst rating on (JP:3249) stock is a Buy with a Yen135000.00 price target. To see the full list of analyst forecasts on Industrial & Infrastructure Fund Investment Corporation stock, see the JP:3249 Stock Forecast page.

IIF Announces Social Loan Refinancing to Diversify Debt Maturity

Industrial & Infrastructure Fund Investment Corporation (IIF) announced a refinancing decision involving a social loan to diversify its debt maturity ladder. The refinancing, set for May 15, 2025, involves a 500 million yen loan with a floating interest rate, which IIF plans to fix through an interest rate swap. This move is part of IIF’s strategy to manage its financial obligations effectively, with no significant impact expected on its operating status for the upcoming fiscal periods.

IIF Announces Interest Rate for New Debt Financing

Industrial & Infrastructure Fund Investment Corporation has announced the determination of the interest rate for its new debt financing, initially disclosed on April 9, 2025. This financial move involves a 1,500 million yen loan with a fixed interest rate of 0.905% from MUFG Bank, Ltd., set to mature on March 31, 2028. This refinancing is part of IIF’s strategy to manage its financial operations effectively, which could impact its market positioning and stakeholder interests.