LaSalle LOGIPORT REIT (3466) AI Stock Analysis

• Market Cap: ¥285.89B
• Dividend Yield: 5.26%
• Average Volume (3M): 4.60K
• Price to Earnings (P/E): 22.5
• Beta (1Y): 0.15
• Revenue Growth: 12.81%
• EPS Growth: 1.32%
• Country: JP
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Industrial
• EPS (TTM): 3627.00
• Shares Outstanding: 1,795,786
• 10 Day Avg. Volume: 3,233
• 30 Day Avg. Volume: 4,598
• PEG Ratio: 6.09
• Price to Book (P/B): 1.20
• Price to Sales (P/S): 9.85
• P/FCF Ratio: 10.15
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 65 Neutral
• Price Target: ¥165,013 ▲(2.94% Upside)

LaSalle LOGIPORT REIT's strong financial performance, particularly its profitability and balanced financial structure, is a key strength. However, the high P/E ratio and recent revenue decline are concerns. The technical indicators suggest moderate momentum, and the attractive dividend yield provides a positive aspect for income-focused investors.

Positive Factors

Business Model Strength

The company's focus on logistics facilities aligns with growing e-commerce demand, ensuring stable cash flow through long-term leases.

Portfolio Location Advantage

Strategic location of properties in high-demand areas enhances tenant attraction and occupancy rates, supporting long-term revenue growth.

Strong Profitability

Robust margins indicate efficient cost management, contributing to sustained profitability and financial health over time.

Negative Factors

Revenue Growth Decline

A decline in revenue growth can signal difficulties in expanding market reach or tenant acquisition, impacting future earnings potential.

Cash Flow Volatility

Volatile cash flow can affect the company's ability to fund operations and investments, posing risks to financial stability.

Moderate Return on Equity

Moderate ROE suggests limited efficiency in generating returns from equity, potentially affecting investor appeal and capital efficiency.

LaSalle LOGIPORT REIT Business Overview & Revenue Model

Company Description

LLR is a logistics focused J-REIT sponsored by the LaSalle Investment Management group. Over the past couple of years, logistics real estate and its accompanying market size has continued on its path of steady expansion. LLR intends to build a high-quality portfolio with a focus on Tokyo and Osaka, where it believes there is a stable base of demand driven from consumer logistics tenants. It aims to invest in facilities well suited and ones that cater to its tenants' needs for integrated and efficient logistics operations. The LaSalle Group is one of the world's leading real estate investment managers. Within Japan, as a pioneer in the logistics development and investment space, the LaSalle Group has a deep track record with abundant experience in this area of expertise. By leveraging off of the support received from the LaSalle Group, LLR aims to steadily accumulate achievements in internal growth strategies, external growth strategies, and financial strategies, all with the goal of pursuing a policy that enhances asset values and cash flows, for long-term stability on behalf of for its investors.

How the Company Makes Money

LaSalle LOGIPORT REIT generates revenue primarily through rental income from its portfolio of logistics properties. The company's revenue model is built on long-term lease agreements with a diverse set of tenants, which provides stable cash flow. Key revenue streams include base rent, percentage rent from tenants based on their sales performance, and ancillary income from services related to property management. Additionally, the company's strategic partnerships with logistics companies and developers enhance its ability to attract tenants, optimize occupancy rates, and increase property value over time. Factors contributing to its earnings include the growing demand for logistics space due to the rise of e-commerce, efficient property management, and the location of its facilities in high-demand areas.

LaSalle LOGIPORT REIT Financial Statement Overview

Summary

LaSalle LOGIPORT REIT demonstrates strong profitability with robust margins and a balanced financial structure. However, the recent decline in revenue growth and historical cash flow volatility are concerns.

Income Statement

LaSalle LOGIPORT REIT shows strong profitability with consistent high margins. The Gross Profit Margin and Net Profit Margin are robust, indicating efficient cost management and profitability. However, the recent decline in revenue growth rate suggests potential challenges in revenue generation.

Balance Sheet

The company's Debt-to-Equity Ratio is moderate, reflecting a balanced approach to leverage. Return on Equity is stable, though not exceptionally high, indicating moderate efficiency in generating returns from equity. The Equity Ratio suggests a solid equity base relative to total assets.

Cash Flow

Operating cash flow is strong, with a healthy Operating Cash Flow to Net Income Ratio. Free Cash Flow has shown significant growth recently, but historical volatility and negative free cash flow in past years highlight potential risks in cash flow stability.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	25.99B	25.99B	25.56B	22.20B	21.37B	20.21B
Gross Profit	18.33B	18.33B	18.08B	11.60B	14.30B	14.02B
EBITDA	17.53B	17.21B	17.07B	14.35B	14.27B	13.39B
Net Income	12.90B	12.90B	12.95B	10.19B	10.24B	9.95B
Balance Sheet
Total Assets	395.48B	395.48B	406.62B	406.07B	384.16B	385.68B
Cash, Cash Equivalents and Short-Term Investments	17.48B	17.48B	20.01B	17.95B	20.06B	19.29B
Total Debt	171.02B	171.02B	171.02B	171.02B	160.62B	161.32B
Total Liabilities	181.69B	181.69B	181.69B	181.04B	170.30B	170.76B
Stockholders Equity	213.79B	213.79B	224.93B	225.03B	213.85B	214.91B
Cash Flow
Free Cash Flow	25.21B	25.21B	19.20B	-11.89B	12.99B	-102.13B
Operating Cash Flow	26.04B	26.04B	23.98B	12.53B	14.35B	16.45B
Investing Cash Flow	-5.04B	-5.04B	-8.35B	-25.45B	-1.67B	-116.66B
Financing Cash Flow	-24.04B	-24.04B	-13.05B	11.38B	-12.01B	110.68B

LaSalle LOGIPORT REIT Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 160300.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3466, the sentiment is Positive. The current price of 160300 is above the 20-day moving average (MA) of 158660.00, above the 50-day MA of 157374.00, and above the 200-day MA of 144429.67, indicating a bullish trend. The MACD of -0.08 indicates Positive momentum. The RSI at 54.11 is Neutral, neither overbought nor oversold. The STOCH value of 86.99 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3466.

LaSalle LOGIPORT REIT Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3481	68 Neutral	¥198.25B	23.19	―	4.68%	22.29%	0.88%
2979	67 Neutral	¥92.97B	23.34	―	4.83%	35.57%	4.25%
8967	66 Neutral	¥280.38B	24.46	8.35%	3.87%	27.77%	14.16%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
3466	65 Neutral	¥285.89B	22.53	5.78%	5.26%	12.81%	1.32%
3283	63 Neutral	¥769.28B	25.19	―	4.10%	12.04%	12.83%

LaSalle LOGIPORT REIT Corporate Events

LaSalle LOGIPORT REIT Files Shelf Registration for Up to ¥100 Billion in Bonds

LaSalle LOGIPORT REIT has filed a shelf registration statement with the Kanto Local Finance Bureau to issue up to ¥100 billion in investment corporation bonds over a two-year period from January 16, 2026 to January 15, 2028. The planned proceeds will be used to finance the acquisition of specified assets, repay borrowings, redeem existing investment corporation bonds, refund lease and guarantee deposits, fund repairs, and provide working capital, giving the REIT additional financial flexibility to support portfolio growth, balance sheet management, and ongoing operational needs.

The most recent analyst rating on (JP:3466) stock is a Hold with a Yen165013.00 price target. To see the full list of analyst forecasts on LaSalle LOGIPORT REIT stock, see the JP:3466 Stock Forecast page.

LaSalle LOGIPORT REIT Details Progress of Investment Unit Buyback Program

LaSalle LOGIPORT REIT reported that it repurchased 6,553 of its own investment units on the Tokyo Stock Exchange in December 2025, for a total of approximately ¥1.03 billion, under a discretionary transaction agreement with a securities company. This buyback is part of a broader repurchase program authorized by the board in October 2025, which allows for up to 71,500 units or ¥10 billion to be repurchased through October 2026; as of year-end 2025, the REIT had bought back 20,069 units totaling about ¥3.06 billion and held 26,403 treasury units, a move that can support unit prices and signal confidence in the REIT’s financial position to existing unitholders.

The most recent analyst rating on (JP:3466) stock is a Hold with a Yen165013.00 price target. To see the full list of analyst forecasts on LaSalle LOGIPORT REIT stock, see the JP:3466 Stock Forecast page.

LaSalle LOGIPORT REIT Completes Strategic Asset Acquisition

LaSalle LOGIPORT REIT has completed the acquisition of specified corporate bonds B of LLHC TMK for 3,000 million yen, as part of a partial restructuring of its existing indirect investment projects. This acquisition is expected to enhance the company’s asset portfolio and strengthen its position in the logistics real estate market, potentially benefiting stakeholders through improved asset management and investment returns.

The most recent analyst rating on (JP:3466) stock is a Hold with a Yen165013.00 price target. To see the full list of analyst forecasts on LaSalle LOGIPORT REIT stock, see the JP:3466 Stock Forecast page.

LaSalle LOGIPORT REIT Completes Strategic Asset Acquisition

LaSalle LOGIPORT REIT has completed the acquisition of preferred shares in LLHC TMK for 833 million yen, as part of a strategic restructuring of its investment portfolio. This acquisition is expected to enhance the company’s asset base and potentially improve returns for stakeholders, reinforcing its position in the logistics real estate market.

The most recent analyst rating on (JP:3466) stock is a Buy with a Yen156038.00 price target. To see the full list of analyst forecasts on LaSalle LOGIPORT REIT stock, see the JP:3466 Stock Forecast page.

LaSalle LOGIPORT REIT Reports on Investment Unit Repurchase

LaSalle LOGIPORT REIT announced the status of its repurchase of investment units, acquiring 4,590 units for approximately 694.97 million yen in November 2025. This repurchase is part of a broader initiative approved by the board to buy back up to 71,500 units, reflecting the company’s strategic focus on enhancing shareholder value and optimizing its capital structure.

The most recent analyst rating on (JP:3466) stock is a Buy with a Yen156038.00 price target. To see the full list of analyst forecasts on LaSalle LOGIPORT REIT stock, see the JP:3466 Stock Forecast page.

LaSalle LOGIPORT REIT Completes Strategic Property Disposition

LaSalle LOGIPORT REIT has completed the sale of a 70% joint co-ownership interest in the LOGIPORT Kawagoe property located in Kawagoe-city, Saitama, for 9,100 million yen to LJPF GK. This transaction is part of the company’s ongoing strategy to optimize its portfolio and enhance asset value, potentially impacting its market positioning and stakeholder interests.

The most recent analyst rating on (JP:3466) stock is a Buy with a Yen156038.00 price target. To see the full list of analyst forecasts on LaSalle LOGIPORT REIT stock, see the JP:3466 Stock Forecast page.

LaSalle LOGIPORT REIT Announces Strategic Repurchase of Investment Units

LaSalle LOGIPORT REIT announced the repurchase of 8,926 of its own investment units in October 2025, amounting to approximately 1.34 billion yen. This strategic move, conducted through open market transactions on the Tokyo Stock Exchange, is part of a broader repurchase program authorized by the board, which allows for a maximum buyback of 71,500 units or up to 10 billion yen by October 2026. The repurchase aims to enhance shareholder value and optimize the capital structure, potentially impacting the company’s market positioning and investor confidence.

The most recent analyst rating on (JP:3466) stock is a Buy with a Yen156038.00 price target. To see the full list of analyst forecasts on LaSalle LOGIPORT REIT stock, see the JP:3466 Stock Forecast page.

LaSalle LOGIPORT REIT Completes Strategic Acquisition

LaSalle LOGIPORT REIT has completed the acquisition of TK equity interest B of Nagoya Kawasaki Properties GK for 444 million yen. This acquisition is part of the company’s strategy to enhance its portfolio of logistics assets, potentially strengthening its market position and offering increased value to stakeholders.

The most recent analyst rating on (JP:3466) stock is a Buy with a Yen156038.00 price target. To see the full list of analyst forecasts on LaSalle LOGIPORT REIT stock, see the JP:3466 Stock Forecast page.

LaSalle LOGIPORT REIT Announces Director Appointments Ahead of General Unitholders Meeting

LaSalle LOGIPORT REIT announced plans to appoint directors at its upcoming General Unitholders Meeting on November 26, 2025. The proposal includes reappointing Taira Jigami as Executive Director and appointing Naoki Yamada as Substitute Executive Director, along with three Supervisory Directors. This move is expected to ensure continuity in leadership and strategic management, potentially strengthening the company’s operational stability and market positioning.

The most recent analyst rating on (JP:3466) stock is a Buy with a Yen156038.00 price target. To see the full list of analyst forecasts on LaSalle LOGIPORT REIT stock, see the JP:3466 Stock Forecast page.

LaSalle LOGIPORT REIT Announces Strategic Asset Acquisition and Redemption

LaSalle LOGIPORT REIT has announced a strategic transaction involving the acquisition of preferred shares and specified corporate bonds of LLHC TMK, alongside the redemption of similar assets from NY Properties TMK and Okinawa Itoman Properties GK. This transaction is part of the company’s ongoing strategy to enhance unitholder value by optimizing capital allocation and realizing capital gains, with an expected revenue impact of approximately 20 million yen for the fiscal period ending February 2026.

The most recent analyst rating on (JP:3466) stock is a Buy with a Yen156038.00 price target. To see the full list of analyst forecasts on LaSalle LOGIPORT REIT stock, see the JP:3466 Stock Forecast page.

LaSalle LOGIPORT REIT Announces Strategic Repurchase of Investment Units

LaSalle LOGIPORT REIT has announced the repurchase and cancellation of its own investment units to enhance unitholder value and improve capital efficiency. This decision is driven by the current capital market environment and aims to address discrepancies between market perceptions and the company’s strong portfolio performance, including high occupancy rates and rent increase potential. The move is expected to boost earnings per unit and leverage attractive investment opportunities, reflecting the company’s strategic focus on optimizing capital allocation and enhancing profitability.

The most recent analyst rating on (JP:3466) stock is a Buy with a Yen156038.00 price target. To see the full list of analyst forecasts on LaSalle LOGIPORT REIT stock, see the JP:3466 Stock Forecast page.

LaSalle LOGIPORT REIT Reports Increased Earnings Amidst Asset Decline

LaSalle LOGIPORT REIT reported financial results for the fiscal period ending August 31, 2025, showing an increase in operating revenues and net income compared to the previous period. Despite a slight decrease in total assets and net assets, the company maintained a stable unitholders’ equity ratio. The REIT also announced its forecasts for the upcoming fiscal periods, indicating expected declines in operating revenues and net income, which may impact future distributions to unitholders.

The most recent analyst rating on (JP:3466) stock is a Buy with a Yen156038.00 price target. To see the full list of analyst forecasts on LaSalle LOGIPORT REIT stock, see the JP:3466 Stock Forecast page.

LaSalle LOGIPORT REIT Completes Significant Investment Unit Repurchase

LaSalle LOGIPORT REIT has completed the repurchase of its own investment units, acquiring a total of 21,168 units for approximately 2.95 billion yen through open market transactions on the Tokyo Stock Exchange. This strategic move is part of the company’s ongoing efforts to optimize its capital structure and enhance shareholder value, with plans to cancel the repurchased units by the end of February 2026.

The most recent analyst rating on (JP:3466) stock is a Buy with a Yen156038.00 price target. To see the full list of analyst forecasts on LaSalle LOGIPORT REIT stock, see the JP:3466 Stock Forecast page.