Mitsubishi Estate Logistics REIT Investment Corp. (3481) AI Stock Analysis

• Market Cap: ¥197.06B
• Dividend Yield: 4.68%
• Average Volume (3M): 3.39K
• Price to Earnings (P/E): 23.2
• Beta (1Y): 0.30
• Revenue Growth: 22.29%
• EPS Growth: 0.88%
• Country: JP
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Industrial
• EPS (TTM): 2539.00
• Shares Outstanding: 1,485,011
• 10 Day Avg. Volume: 3,202
• 30 Day Avg. Volume: 3,389
• PEG Ratio: 0.00
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: 68 Neutral
• Price Target: ¥139,847 ▲(5.39% Upside)

The overall stock score is driven by strong financial performance, particularly in profitability and balance sheet stability, despite challenges in revenue and cash flow. Technical analysis shows a positive trend, but momentum is limited. Valuation is reasonable with a good dividend yield, making it attractive for income-focused investors.

Positive Factors

Stable Cash Flow

Strong operating cash flow indicates effective cash generation from core operations, supporting ongoing investments and dividend payouts.

Strong Profitability

Sustained profitability reflects efficient operations and cost management, ensuring the company can maintain competitive pricing and reinvest in growth.

Stable Balance Sheet

A stable balance sheet with manageable leverage provides financial flexibility and reduces risk, supporting long-term strategic initiatives.

Negative Factors

Revenue Growth Challenges

Negative revenue growth suggests potential market saturation or increased competition, which could impact future earnings and market share.

Free Cash Flow Issues

Challenges in converting profits into free cash flow may limit the company's ability to fund new projects or increase shareholder returns.

Limited Revenue Diversification

Dependence on rental income from a specific sector may expose the company to sector-specific risks, affecting revenue stability during downturns.

Mitsubishi Estate Logistics REIT Investment Corp. Business Overview & Revenue Model

Company Description

MEL focuses investment on logistics facilities and has as its sponsor Mitsubishi Estate Co., Ltd. (MEC), one of the largest comprehensive developers in Japan.

How the Company Makes Money

Mitsubishi Estate Logistics REIT generates revenue primarily through rental income from its portfolio of logistics properties. The company leases these facilities to various tenants, including e-commerce firms, manufacturers, and third-party logistics providers, who require space for storage and distribution. The REIT benefits from long-term lease agreements, which provide stable and predictable cash flows. Additionally, the company may engage in property management services, enhancing its revenue potential. Strategic partnerships with major logistics operators and ongoing investments in high-demand locations further contribute to its earnings, as these relationships can lead to higher occupancy rates and potentially increased rental rates over time.

Mitsubishi Estate Logistics REIT Investment Corp. Financial Statement Overview

Summary

The company shows strong profitability and a stable balance sheet, but faces challenges in revenue growth and free cash flow generation. Efficient operations and a solid equity base support financial health, though cash flow metrics need improvement.

Income Statement

The company has shown strong profitability with a consistent gross profit margin and net profit margin over the years. However, the recent revenue growth rate has turned negative, indicating a potential slowdown in revenue generation. Despite this, EBIT and EBITDA margins remain robust, reflecting efficient cost management.

Balance Sheet

The balance sheet shows a stable equity position with a moderate debt-to-equity ratio, suggesting manageable leverage. Return on equity has been steady, indicating consistent returns to shareholders. The equity ratio is healthy, reflecting a strong capital structure.

Cash Flow

The cash flow statement reveals challenges in free cash flow generation, with significant negative growth in recent periods. However, operating cash flow remains strong relative to net income, indicating good cash generation from operations. The free cash flow to net income ratio is concerning, highlighting potential issues in converting profits into free cash flow.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	17.15B	17.15B	16.91B	14.66B	11.31B	9.16B
Gross Profit	11.55B	11.55B	11.36B	9.43B	7.34B	5.86B
EBITDA	12.11B	12.12B	11.91B	10.01B	7.79B	6.37B
Net Income	8.60B	8.60B	8.55B	6.94B	5.52B	4.45B
Balance Sheet
Total Assets	287.60B	287.60B	282.35B	271.36B	228.17B	181.21B
Cash, Cash Equivalents and Short-Term Investments	4.43B	4.43B	4.68B	4.49B	4.24B	4.67B
Total Debt	122.72B	122.72B	113.05B	103.18B	82.07B	59.27B
Total Liabilities	131.21B	131.21B	121.94B	111.49B	88.55B	64.80B
Stockholders Equity	156.38B	156.38B	160.41B	159.87B	139.62B	116.41B
Cash Flow
Free Cash Flow	2.23B	2.23B	-1.40B	-34.22B	-39.65B	-51.87B
Operating Cash Flow	13.94B	13.94B	15.29B	12.20B	6.91B	6.08B
Investing Cash Flow	-12.05B	-12.05B	-16.34B	-45.47B	-46.10B	-56.45B
Financing Cash Flow	-2.96B	-2.96B	1.85B	34.24B	40.33B	54.12B

Mitsubishi Estate Logistics REIT Investment Corp. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 132700.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3481, the sentiment is Positive. The current price of 132700 is above the 20-day moving average (MA) of 130150.00, above the 50-day MA of 127320.00, and above the 200-day MA of 119171.19, indicating a bullish trend. The MACD of 1308.39 indicates Negative momentum. The RSI at 68.43 is Neutral, neither overbought nor oversold. The STOCH value of 84.56 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3481.

Mitsubishi Estate Logistics REIT Investment Corp. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3283	76 Outperform	¥784.38B	28.38	―	4.10%	12.04%	12.83%
2979	74 Outperform	¥90.57B	24.21	―	4.83%	35.57%	4.25%
3481	68 Neutral	¥197.06B	23.23	―	4.68%	22.29%	0.88%
8967	66 Neutral	¥284.23B	24.90	8.35%	3.87%	27.77%	14.16%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%

Mitsubishi Estate Logistics REIT Investment Corp. Corporate Events

Mitsubishi Estate Logistics REIT Completes Unit Repurchase and Plans Cancellation

Mitsubishi Estate Logistics REIT Investment Corporation has completed the repurchase of its own investment units, totaling 25,444 units, which represents 1.7% of its total issued units. The repurchase, conducted through open-market transactions on the Tokyo Stock Exchange, was resolved in April 2025 and concluded by the end of July 2025. The company plans to cancel all repurchased units by August 29, 2025. Despite these actions, there are no expected changes to the company’s financial forecasts for the fiscal periods ending in August 2025 and February 2026, indicating that the repurchase and cancellation are not expected to have a significant impact on its financial performance.

Mitsubishi Estate Logistics REIT Secures Debt Financing for Property Acquisition

Mitsubishi Estate Logistics REIT Investment Corporation has announced a debt financing arrangement to secure 1,200 million yen from MUFG Bank, Ltd. This borrowing will be used to finance the acquisition of MJ Industrial Park Kobe-Nishi. The move is expected to enhance the company’s logistics property portfolio, potentially strengthening its market position in the logistics real estate sector.

Mitsubishi Estate Logistics REIT Acquires New Property in Kobe

Mitsubishi Estate Logistics REIT Investment Corporation has announced the acquisition of a property in Kobe, Hyogo, as part of its strategy to enhance profitability and unitholder value. The acquisition, priced below its appraisal value, is expected to stabilize and improve the company’s portfolio through its high appraisal NOI yield, contributing to the company’s long-term growth and market positioning.

Mitsubishi Estate Logistics REIT Announces June 2025 Investment Unit Buyback

Mitsubishi Estate Logistics REIT Investment Corporation announced the repurchase of 7,526 investment units in June 2025, totaling approximately 887 million yen. This buyback is part of a broader repurchase program authorized by the board, aiming to enhance shareholder value and optimize capital structure, with a maximum of 30,000 units to be repurchased by July 31, 2025.

Mitsubishi Estate Logistics REIT to Prepay 300 Million Yen Loan

Mitsubishi Estate Logistics REIT Investment Corporation announced the prepayment of a 300 million yen bank loan using cash on hand, scheduled for June 23, 2025. This move will not affect the company’s financial forecasts for the fiscal periods ending in August 2025 and February 2026, as the impact of the prepayment is already included in the forecasts.

Mitsubishi Estate Logistics REIT Announces Progress in Investment Unit Buyback

Mitsubishi Estate Logistics REIT Investment Corporation has announced the status of its repurchase program for its own investment units, reporting the acquisition of 7,225 units in May 2025, amounting to approximately 844 million yen. This buyback is part of a broader strategy approved by the board to repurchase up to 30,000 units by July 2025, aiming to enhance shareholder value and optimize capital structure.