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GLP J-REIT (3281.T)

JPY140,100.00 +1,800.00 (+1.30%)
JP JPX Real Estate REIT - Industrial
Address Shiodome City Center 105-7104
Tokyo, JP
CEO Yuma Kawatsuji
IPO 2013-01-17
ISIN JP3047510007

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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 Stock Exchange's Real Estate Investment Trust Market (securities code: 3281) on December 21, 2012. With the GLP Group serving as its sponsor, the REIT capitalizes on the group's extensive experience and management capabilities to invest in high-quality logistics assets. Its primary goals are to secure stable income and foster consistent growth in its asset base over the medium to long term. Since commencing operations as a listed J-REIT in January 2013 with an initial portfolio of 30 properties valued at ¥208,731 million, GLP J-REIT has continuously expanded its holdings through strategic acquisitions. As of the close of the most recent fiscal period, its portfolio encompasses 78 properties, representing a total acquisition price of ¥644,878 million.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
JPY140,100.00 +1,800.00 (+1.30%)
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Volume Profile
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Liquidity & share structure
Average Volume
15.7K
Beta
0.39
Float Shares
4.46M
Free Float %
92.9%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.15% +0.60% -1.33% -4.50% -9.66% -10.15% +5.19% -8.49% -28.46% +5.44% +110.22%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
140,100.00
DCF (Unlevered) 8,732.48 -93.8%
Ratings Trend (MoM) 60% Bullish
Rating 2026-05 Change
Strong Buy 2 0
Buy 4 +1
Hold 4 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
1.33
Distress
Piotroski F-Score
8 / 9
Strong
MOAT Score
5 / 10
Developing
Composite Rating
B-
Overall Score
3 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
3 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth REIT - Industrial: +6.4%
    +48.8% Q3'25: +18.4% (vs Q3'23)
  • EPS growth REIT - Industrial: +4.6%
    +12.6% Q3'25: +15.2% (vs Q3'23)
  • FCF margin REIT - Industrial: +8.2%
    +73.4% Q3'25: +78.6% (vs Q3'23)
  • EBIT margin REIT - Industrial: +55.8%
    +42.8% Q3'25: +57.9% (vs Q3'23)
  • ROIC REIT - Industrial: +5.7%
    +4.3% Q3'25: +8.9% (vs Q3'23)
  • Share dilution REIT - Industrial: +0.0%
    +1.7% Q3'25: -0.6% (vs Q3'23)
  • Debt / EBITDA REIT - Industrial: 4.47×
    9.15× Q3'25: 4.50× (vs Q3'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.40) × ERP
WACC = 62% × Ke + 38% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 140,100.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Aug 2023
actual
Aug 2024
actual
Aug 2025
actual
Aug 2026
5 Rev. Ana.
5 EPS Ana.
Aug 2027
5 Rev. Ana.
6 EPS Ana.
Aug 2028
3 Rev. Ana.
4 EPS Ana.
Revenue
51.65B
est.
54.32B
est: 56.57B (-4.0%)
80.83B
est: 59.51B (+35.8%)
58.17B
57.22B – 59.46B
-2.2% YoY
58.39B
53.44B – 60.60B
+0.4% YoY
58.88B
55.90B – 60.64B
+0.8% YoY
EBITDA
36.80B
est.
38.02B
est: 37.96B (+0.1%)
43.32B
est: 39.93B (+8.5%)
39.04B
38.40B – 39.90B
-2.2% YoY
39.19B
35.86B – 40.67B
+0.4% YoY
39.51B
37.51B – 40.70B
+0.8% YoY
EBIT
27.50B
est.
est: 28.79B (-100.0%)
34.58B
est: 30.28B (+14.2%)
29.60B
29.12B – 30.26B
-2.2% YoY
29.72B
27.20B – 30.84B
+0.4% YoY
29.96B
28.45B – 30.86B
+0.8% YoY
Net Income
25.41B
est.
27.16B
est: 28.49B (-4.7%)
31.11B
est: 30.96B (+0.5%)
29.07B
28.79B – 30.67B
-6.1% YoY
29.82B
29.12B – 31.59B
+2.6% YoY
30.55B
29.26B – 32.64B
+2.4% YoY
SGA
1.22B
est.
6.04B
est: 1.31B (+362.2%)
est: 1.37B (-100.0%)
1.34B
1.32B – 1.37B
-2.2% YoY
1.35B
1.23B – 1.40B
+0.4% YoY
1.36B
1.29B – 1.40B
+0.8% YoY
EPS
5,169.67
est.
5,731.18
est: 5,917.37 (-3.1%)
6,453.85
est: 6,377.48 (+1.2%)
6,094.80
5,973.00 – 6,364.00
-4.4% YoY
6,256.18
6,041.13 – 6,553.00
+2.6% YoY
6,429.12
6,070.26 – 6,772.00
+2.8% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 B- 3/5 1/5 3/5 4/5 3/5 2/5 2/5
2026-05-28 B- 3/5 1/5 3/5 4/5 3/5 2/5 2/5
2026-05-27 B- 3/5 1/5 3/5 4/5 3/5 2/5 2/5
2026-05-26 B- 3/5 1/5 3/5 4/5 3/5 2/5 2/5
2026-05-25 B- 3/5 1/5 3/5 4/5 3/5 2/5 2/5
2026-05-22 B- 3/5 1/5 3/5 4/5 3/5 2/5 2/5
2026-05-21 B- 2/5 1/5 3/5 4/5 2/5 2/5 2/5
2026-05-20 B- 2/5 1/5 3/5 4/5 2/5 2/5 2/5
2026-05-19 B- 2/5 1/5 3/5 4/5 2/5 2/5 2/5
2026-05-18 B- 2/5 1/5 3/5 4/5 2/5 2/5 2/5
2026-05-15 B- 3/5 1/5 4/5 4/5 2/5 2/5 2/5
2026-05-14 B- 3/5 1/5 4/5 4/5 2/5 2/5 2/5
2026-05-13 B- 3/5 1/5 4/5 4/5 2/5 2/5 2/5
2026-05-12 B- 3/5 1/5 4/5 4/5 2/5 2/5 2/5
2026-05-11 B- 3/5 1/5 4/5 4/5 2/5 2/5 2/5
2026-05-08 B- 3/5 1/5 4/5 4/5 2/5 2/5 2/5
2026-05-07 B- 3/5 1/5 4/5 4/5 2/5 2/5 2/5
2026-05-01 B- 3/5 1/5 3/5 5/5 2/5 2/5 2/5
2026-04-30 B- 3/5 1/5 3/5 5/5 2/5 2/5 2/5
2026-04-28 B 3/5 1/5 3/5 5/5 2/5 2/5 3/5
2026-04-27 B- 3/5 1/5 3/5 5/5 2/5 2/5 2/5
2026-04-24 B- 3/5 1/5 3/5 5/5 2/5 2/5 2/5
2026-04-23 B- 3/5 1/5 3/5 5/5 1/5 2/5 3/5
2026-04-22 B- 3/5 1/5 3/5 5/5 1/5 2/5 3/5
2026-04-21 B- 3/5 1/5 3/5 5/5 1/5 2/5 3/5
2026-04-20 B- 3/5 1/5 3/5 5/5 1/5 2/5 3/5
2026-04-17 B- 3/5 1/5 3/5 5/5 1/5 2/5 3/5
2026-04-16 B- 3/5 1/5 3/5 5/5 1/5 2/5 3/5
2026-04-15 B- 3/5 1/5 3/5 5/5 1/5 2/5 3/5
2026-04-14 B- 3/5 1/5 3/5 5/5 1/5 2/5 3/5
2026-04-13 B- 3/5 1/5 3/5 5/5 1/5 2/5 3/5
2026-04-10 B- 3/5 1/5 3/5 5/5 1/5 2/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
128.13B
OE per share TTM
27,213.82
Owner's Yield
19.97%
Maintenance CapEx ratio
288.15%
Maint CapEx / Avg PPE
1,313.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
785.9K
Shares Outstanding
4.80M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Tetsuya Kono Head of Investment Department of GLP Japan Advisors, Inc.
Yuma Kawatsuji President of GLP Japan Advisors, Inc. & Executive Director male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits