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

• Market Cap: ¥177.63B
• Dividend Yield: 1.75%
• Average Volume (3M): 3.36K
• Price to Earnings (P/E): 18.6
• Beta (1Y): 0.29
• Revenue Growth: 19.79%
• EPS Growth: 33.25%
• Country: JP
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 69
• Industry: REIT - Industrial
• EPS (TTM): 3200.67
• Shares Outstanding: 1,510,455
• 10 Day Avg. Volume: 3,391
• 30 Day Avg. Volume: 3,356
• PEG Ratio: 0.35
• Price to Book (P/B): 0.39
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -44.75
• 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

• Rating: 70 Outperform
• Price Target: ¥129,140 ▲(9.81%Upside)

The overall stock score is driven primarily by strong financial performance, with robust revenue growth and profitability. Technical analysis supports a stable market position, while valuation indicates a fairly priced stock. The absence of earnings call and corporate events data means these factors do not influence the score.

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

Company Description

Mitsubishi Estate Logistics REIT Investment Corporation (MEL REIT) is a real estate investment trust based in Japan, primarily focused on investing in and managing a diversified portfolio of logistics properties. The company operates within the real estate sector, targeting distribution facilities and warehouses that support the logistics and supply chain industries. MEL REIT aims to provide stable and long-term returns to its investors by leveraging the expertise and network of its sponsor, Mitsubishi Estate Co., Ltd.

How the Company Makes Money

Mitsubishi Estate Logistics REIT Investment Corporation generates revenue primarily through the acquisition, management, and leasing of logistics real estate properties. The company earns rental income from leasing its properties to tenants involved in logistics, distribution, and supply chain operations. These rental agreements typically provide a stable and predictable income stream for the REIT. Additionally, MEL REIT may engage in property management and development activities to enhance the value of its assets. The company's strategic partnership with Mitsubishi Estate Co., Ltd. allows it to leverage a wide network and expertise in real estate management, contributing to its ability to acquire high-quality logistics properties and maintain strong occupancy rates.

Mitsubishi Estate Logistics REIT Investment Corp. Financial Statement Overview

Summary

Strong revenue growth and profitability with robust profit margins. Moderate leverage on the balance sheet with a sound equity base. Operating cash flows are strong, but negative free cash flow suggests challenges in managing capital expenditures.

Income Statement

The company has shown strong revenue growth with a 15.4% increase from the previous year. Gross profit margin is healthy at 67.1%, and net profit margin is robust at 50.6%. Both EBIT and EBITDA margins are strong, at 54.4% and 70.4% respectively, indicating excellent operational efficiency.

Balance Sheet

The debt-to-equity ratio is 0.70, reflecting a moderate level of leverage. Return on Equity is impressive at 5.3%, showcasing effective use of equity capital. Equity ratio stands at 56.8%, indicating a solid equity base. However, the high level of debt could pose a risk in fluctuating interest environments.

Cash Flow

Free cash flow growth rate remains negative, although improved from the previous year. The operating cash flow to net income ratio is strong at 1.79, indicating good cash generation relative to net income. However, the free cash flow to net income ratio is negative, underscoring challenges in sustaining free cash flows.

Breakdown
TTM	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement		Total Revenue
21.81B	16.91B	14.66B	11.31B	9.16B	6.54B
	Gross Profit
10.65B	11.36B	9.43B	7.34B	5.86B	4.28B
	EBIT
10.30B	9.20B	7.63B	5.97B	4.76B	3.48B
	EBITDA
13.03B	11.91B	10.01B	7.95B	6.42B	4.61B
	Net Income Common Stockholders
9.63B	8.55B	6.94B	5.52B	4.45B	3.29B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
3.00B	4.68B	4.49B	4.24B	4.67B	3.50B
	Total Assets
121.43B	282.35B	271.36B	228.17B	181.21B	120.48B
	Total Debt
36.47B	113.05B	103.18B	82.07B	59.27B	35.37B
	Net Debt
33.47B	108.37B	98.69B	77.83B	54.60B	31.87B
	Total Liabilities
39.62B	121.94B	111.49B	88.55B	64.80B	38.83B
	Stockholders Equity
81.80B	160.41B	159.87B	139.62B	116.41B	81.65B
Cash Flow		Free Cash Flow
11.69B	-1.40B	-34.22B	-39.65B	-51.87B	-26.30B
	Operating Cash Flow
20.16B	15.29B	12.20B	6.91B	6.08B	4.81B
	Investing Cash Flow
-8.39B	-16.34B	-45.47B	-46.10B	-56.45B	-30.46B
	Financing Cash Flow
-8.90B	1.85B	34.24B	40.33B	54.12B	27.72B

Mitsubishi Estate Logistics REIT Investment Corp. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 117600.00
• 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 117600 is above the 20-day moving average (MA) of 116500.00, above the 50-day MA of 116326.00, and above the 200-day MA of 115679.07, indicating a bullish trend. The MACD of 270.96 indicates Negative momentum. The RSI at 58.79 is Neutral, neither overbought nor oversold. The STOCH value of 80.95 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
2979	72 Outperform	¥81.92B	23.03		5.28%	-1.09%	-2.16%
3481	70 Outperform	¥177.63B	18.56		1.75%	19.79%	33.25%
Sector *	61 Neutral	$2.83B	10.72	0.40%	6.10%	5.80%	-21.26%

Mitsubishi Estate Logistics REIT Investment Corp. Corporate Events

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.

Mitsubishi Estate Logistics REIT Announces Investment Unit Buyback

Mitsubishi Estate Logistics REIT Investment Corporation has announced the repurchase of 2,886 of its own investment units, totaling approximately 337.66 million yen, through open-market transactions on the Tokyo Stock Exchange. This move is part of a broader strategy approved by the board to repurchase up to 30,000 units, or 2% of total outstanding units, by July 31, 2025, potentially impacting the company’s market positioning and investor relations.

Mitsubishi Estate Logistics REIT Reports Fiscal Results and Announces Unit Split

Mitsubishi Estate Logistics REIT Investment Corporation reported its financial results for the fiscal period ending February 28, 2025, showing a slight decrease in operating revenues and income compared to the previous period. The company also announced a three-for-one split of investment units, effective March 1, 2025, which may impact future distributions and unit valuations. The financial outlook for the upcoming fiscal periods indicates a decrease in operating revenues and income, reflecting potential challenges in maintaining previous growth levels.

Mitsubishi Estate Logistics REIT Announces Unit Repurchase and Cancellation

Mitsubishi Estate Logistics REIT Investment Corporation announced its decision to repurchase and subsequently cancel its own investment units, aiming to enhance unitholder value. This strategic move is driven by the company’s assessment of its unit price, financial condition, and market environment, intending to improve the distribution per unit (DPU) and net asset value (NAV) per unit.

Mitsubishi Estate Logistics REIT Expands Portfolio with Strategic Acquisition in Osaka

Mitsubishi Estate Logistics REIT Investment Corporation announced the acquisition of a logistics facility in Osaka, enhancing its portfolio with a property valued below appraisal. This strategic acquisition is expected to contribute to MEL’s steady growth, profitability, and unitholder value by utilizing its hybrid model of leveraging competitive advantages in development and asset management.

Mitsubishi Estate Logistics REIT Secures 8.77 Billion Yen in Debt Financing

Mitsubishi Estate Logistics REIT Investment Corporation announced a decision to secure debt financing totaling 8,770 million yen from MUFG Bank and Mizuho Bank. The funds will be used for working capital and acquisition costs related to a new property, Logicross Osaka Katano. This move will increase the company’s total borrowings, potentially impacting its financial leverage and operational capacity.

Mitsubishi Estate Logistics REIT and LaSalle LOGIPORT REIT Explore Asset Securitization

Mitsubishi Estate Logistics REIT Investment Corporation and LaSalle LOGIPORT REIT have announced an agreement to explore the securitization of jointly held assets. This strategic move aims to realize unrealized gains and enhance unitholder value by effectively utilizing sales proceeds and maintaining flexibility for future growth opportunities. The agreement involves discussions on implementing asset securitization and potential equity investments in a special purpose vehicle, although no final decisions have been made.

Mitsubishi Estate Logistics REIT Announces Amendments and Director Elections

Mitsubishi Estate Logistics REIT Investment Corporation (MEL) has announced a resolution to amend its Articles of Incorporation and elect new directors, which will be proposed at the upcoming general meeting of unitholders. The amendments aim to clarify investment assets and adjust asset management fee calculations, while the election will appoint new executive and supervisory directors, ensuring continuity and compliance with regulatory requirements.

Mitsubishi Estate Logistics REIT Engages in Green Loan Financing and Debt Prepayment

Mitsubishi Estate Logistics REIT Investment Corporation announced its decision to engage in debt financing, including a green loan, and prepay an existing bank loan. The move involves securing long-term borrowings from multiple banks, with a portion allocated as a green loan to support environmentally sustainable projects. This financial maneuver is not expected to materially impact the company’s forecasts or pose additional risks to investors.

Mitsubishi Estate Logistics REIT Expands Portfolio with Strategic Acquisition

Mitsubishi Estate Logistics REIT Investment Corporation announced the acquisition of a 16.7% TK Equity Interest in MRB1 GK, involving logistics properties Logicross Hasuda and Logicross Kasukabe. This acquisition is part of MEL’s strategy to enhance its portfolio through a flexible external growth strategy, utilizing a bridge fund to secure additional properties and maintain negotiation rights. The investment is expected to yield a 6.0% profit dividend, contributing to improved capital efficiency and stable cash flow from fully occupied logistics facilities.

Mitsubishi Estate Logistics REIT Announces Debt Refinancing Plan

Mitsubishi Estate Logistics REIT Investment Corporation announced a debt financing initiative involving a new borrowing of 2,100 million yen to prepay an existing bank loan. This financial maneuver is not expected to materially impact the company’s financial forecasts for the upcoming fiscal periods, maintaining stability in its operations and debt structure.