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GLP J-REIT
(3281)
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Rating:68Neutral
Price Target:
¥152,382
▲(9.00% Upside)
Action:N/A
Date:03/19/26
The score is primarily supported by solid financial performance (strong profitability and recent revenue acceleration), with valuation also a positive due to the low P/E and ~5% yield. Offsetting factors are mixed cash-flow consistency and muted technical momentum (negative MACD and price sitting below key medium-term moving averages).
Positive Factors
High Profitability
Sustained high net margins (~38%) and solid operating profitability indicate property-level cash generation is healthy. For a REIT, durable margin strength supports stable distributions, funds capital recycling, and provides a cushion versus cyclical rent or expense swings, enhancing long-term resilience.
Negative Factors
High Absolute Debt Load
Although leverage ratios are moderate, the consistently high absolute debt balance reduces financial flexibility and elevates refinancing and interest rate risk for a capital-intensive REIT. Rising financing costs or weaker asset values could pressure distributions and limit opportunistic acquisitions.
Read all positive and negative factors
Positive Factors
Negative Factors
High Profitability
Sustained high net margins (~38%) and solid operating profitability indicate property-level cash generation is healthy. For a REIT, durable margin strength supports stable distributions, funds capital recycling, and provides a cushion versus cyclical rent or expense swings, enhancing long-term resilience.
Read all positive factors
GLP J-REIT (3281) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥664.01B
Dividend Yield4.86%
Average Volume (3M)10.58K
Price to Earnings (P/E)21.1
Beta (1Y)0.12
Revenue Growth29.96%
EPS Growth8.18%
CountryJP
Employees44,000
SectorGeneral
Sector StrengthN/A
IndustryREIT - Industrial
Share Statistics
EPS (TTM)6453.54
Shares Outstanding4,797,731
10 Day Avg. Volume11,312
30 Day Avg. Volume10,582
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)1.46
Price to Sales (P/S)8.18
P/FCF Ratio11.14
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥168,000.00Price Target Upside20.17% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)5,941.58
Revenue Forecast (FY)¥53.72B
GLP J-REIT Business Overview & Revenue Model
Company Description
GLP J-REIT operates as a real estate investment trust, specializing in advanced and highly functional logistics facilities. Founded by GLP Japan Advisors Inc. in accordance with Japan's Investment Trust Act, its units began trading on the Tokyo St...
How the Company Makes Money
GLP J-REIT makes money primarily by earning rental income from leasing its logistics properties to tenants under lease contracts. Revenue is driven by (1) base rent and any contractually defined rent escalations, (2) reimbursements and pass-throug...
GLP J-REIT Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
64
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Aug 2025 | Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 59.58B | 80.83B | 54.32B | 48.15B | 50.08B | 40.30B |
| Gross Profit | 34.66B | 26.25B | 36.00B | 26.16B | 25.80B | 21.98B |
| EBITDA | 42.95B | 43.32B | 38.02B | 34.47B | 33.69B | 29.46B |
| Net Income | 31.11B | 31.11B | 27.16B | 24.98B | 22.68B | 20.61B |
Balance Sheet | ||||||
| Total Assets | 876.82B | 876.82B | 896.23B | 784.47B | 785.48B | 742.02B |
| Cash, Cash Equivalents and Short-Term Investments | 38.17B | 52.26B | 23.06B | 27.26B | 25.90B | 24.18B |
| Total Debt | 396.56B | 396.56B | 396.56B | 346.52B | 346.52B | 329.58B |
| Total Liabilities | 424.83B | 424.83B | 423.91B | 371.87B | 369.94B | 351.92B |
| Stockholders Equity | 451.99B | 451.99B | 472.32B | 412.60B | 415.54B | 390.10B |
Cash Flow | ||||||
| Free Cash Flow | 59.34B | 59.34B | -88.21B | 40.45B | -111.71B | -13.92B |
| Operating Cash Flow | 62.38B | 62.38B | 36.84B | 43.16B | 36.15B | 26.46B |
| Investing Cash Flow | -18.77B | -18.78B | -122.52B | -2.34B | -148.13B | -39.84B |
| Financing Cash Flow | -44.95B | -44.96B | 82.43B | -27.97B | 118.56B | 11.16B |
GLP J-REIT Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ¥257.74B | 20.91 | 5.78% | 5.26% | 17.43% | 3.09% | |
68 Neutral | ¥664.01B | 21.15 | ― | 4.86% | 29.96% | 8.18% | |
66 Neutral | ¥264.73B | 21.00 | 8.18% | 3.87% | 18.49% | 18.14% | |
64 Neutral | ¥179.54B | 23.21 | ― | 4.68% | -25.75% | -19.38% | |
63 Neutral | ¥737.40B | 23.61 | ― | 4.10% | 22.19% | 23.71% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
JP:3281
GLP J-REIT
138,400.00
12,724.93
10.13%
JP:3466
LaSalle LOGIPORT REIT
148,400.00
14,961.39
11.21%
JP:8967
Japan Logistics Fund
96,400.00
5,808.89
6.41%
JP:3283
Nippon Prologis REIT, Inc.
87,900.00
10,374.64
13.38%
JP:3471
Mitsui Fudosan Logistics Park, Inc.
109,400.00
10,816.57
10.97%
JP:3481
Mitsubishi Estate Logistics REIT Investment Corp.
120,900.00
5,338.02
4.62%
GLP J-REIT Corporate Events
GLP J-REIT Fixes Terms on ¥1.5 Billion Long-Term Loan from Mizuho Bank
Feb 25, 2026
GLP J-REIT has set the interest rate terms on a previously announced new borrowing of 1.5 billion yen from Mizuho Bank, converting it into an effectively fixed-rate loan via an interest rate swap. The borrowing, which runs from February 27, 2026 t...
GLP J-REIT Adjusts Sixth Preferred Securities Investment for GLP Narashino II Project
Feb 20, 2026
GLP J-REIT will acquire the sixth tranche of preferred securities issued by Acacia Special Purpose Company for 158 million yen, using cash on hand, as part of its ongoing investment structure tied to the GLP Narashino II redevelopment project. The...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.