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  2. •

    Real Estate

  3. •

    REIT - Industrial
GLP J-REIT

GLP J-REIT

3281.T
GLP J-REITJP flagTokyo Stock Exchange
140,000.00
JPY
+700.00
- -
671.68BMarket Cap
GLP J-REIT
3281.T
(Tokyo Stock Exchange)

Recent

price

140,000.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
FRC
- -
- -
8,370.09
9,233.08
9,489.59
10,017.11
9,939.04
10,065.02
9,724.93
10,738.51
11,059.69
11,028.82
10,877.05
12,419.02
Revenue per Share
- -
- -
3,866.78
3,909.32
4,091.52
4,448.45
4,583.57
4,868.88
4,662.77
5,312.75
5,562.03
5,514.02
5,452.97
6,483.99
Basic EPS, GAAP
- -
- -
-25,740.5
-19,922.09
-9,255.61
-12,685.77
-22,781.28
-14,359.31
-3,495.19
-26,173.16
9,008.73
-17,910.24
7,620.44
9,622.07
Free Cash Flow per Basic Share
- -
- -
4,142.07
4,165.28
4,431.73
4,622.34
4,636.61
4,994.32
5,207.57
5,682.82
6,216.96
5,779.42
6,001.96
6,657.39
Dividend per Share
- -
- -
64,154.28
69,033.96
71,910.46
75,702.17
87,605.92
82,984.51
84,520.57
97,358.18
91,886.07
95,895.13
95,109.66
94,209.17
Book Value per Share
- -
- -
64,154.28
69,033.96
71,910.46
75,702.17
87,605.92
82,984.51
84,520.57
96,685.09
91,246.28
95,311.84
94,523.08
93,610.36
Tangible Book Value per Share
- -
- -
2
2
3
3
3
4
4
4
4
5
5
5
Basic Weighted Avg Shares
- -
- -
17,403
22,067
24,611
28,571
31,078
38,583
38,734
45,834
49,662
54,321
53,273
59,583
Sales/Revenue/Turnover
- -
- -
56.11
52.28
52.17
53.08
53.3
54.52
53.71
55.48
55.05
54.62
53.18
57.36
Operating Margin (%)
- -
- -
3,741
4,691
5,174
5,774
6,266
7,558
7,535
8,263
8,575
8,866
8,980
8,692
Depreciation Expense
- -
- -
8,040
9,343
10,611
12,688
14,332
18,664
18,572
22,676
24,976
27,158
26,707
31,108
Net Income, GAAP
- -
- -
0.03
0.02
0.02
0.02
0.01
0.01
0.02
0.01
0.01
0.01
0.01
0.01
Effective Tax Rate (%)
- -
- -
46.2
42.34
43.12
44.41
46.12
48.37
47.95
49.47
50.29
50
50.13
52.21
Profit Margin (%)
-47
-9,758
-12,924
-17,719
-17,898
-18,402
-12,814
5,936
-8,596
-15,921
-14,529
-1,788
-7,778
-1,812
Working Capital
- -
96,000
130,320
151,080
164,130
182,640
210,120
262,450
259,800
310,360
300,820
365,090
355,640
349,340
LT Debt
114
110,895
133,389
164,992
186,494
215,920
273,932
318,114
336,644
415,543
412,602
472,315
465,822
451,990
Total Equity
- -
- -
3.84
3.69
3.58
3.76
3.52
3.81
3.43
3.68
3.59
3.64
3.27
3.99
Return on Invested Capital (%)
- -
- -
3.63
3.49
3.42
3.6
3.4
3.71
3.33
3.53
3.52
3.58
3.35
3.95
Return on Capital (%)
- -
- -
6.58
6.26
6.04
6.31
5.85
6.31
5.67
6.03
6.03
6.14
5.69
6.78
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.05%
6.57%
-2.97%
Free Cash Flow
13.01%
25.91%
23.69%
Net Income, GAAP
13.16%
11.16%
16.48%
Sales/Revenue/Turnover
10.69%
9.2%
11.85%
Total Cash Common Dividend
12.64%
9.19%
8.66%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
53,273
2025
- -
- -
- -
- -
59,583
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
5,452.97
2025
- -
- -
- -
- -
6,483.99
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
6,001.96
2025
- -
- -
- -
- -
6,657.39
2026
- -
- -
- -
- -
- -
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Business
GLP J-REIT (3281.T) operates as a Japanese real estate investment trust specializing in logistics facilities; it acquires, owns and manages modern logistics properties, including highly functional warehouses and distribution centers with minimum gross floor areas of 10,000 square meters, strategically located near major transportation hubs in key regions such as Kanto, Kansai and other areas across Japan to support e-commerce, third-party logistics operators and supply chain needs. The REIT, externally managed by GLP Japan Advisors Inc. with support from GLP Capital Partners Japan Inc., maintains a portfolio of 85 properties as of October 31, 2025, with a total acquisition price of 869.5 billion yen and an occupancy rate of 97.7 percent; its assets generate stable rental income distributed to unitholders, targeting medium- to long-term growth amid rising demand for logistics infrastructure. Founded on September 16, 2011, and listed on the Tokyo Stock Exchange since December 21, 2012, GLP J-REIT is headquartered at 16F, Yaesu Central Tower, Tokyo Midtown Yaesu, 2-2-1 Yaesu, Chuo-ku, Tokyo. Recent developments include the sale of GLP Kashiwa II warehouse northeast of Tokyo for 10.9 billion yen in October 2025 to realize gains of 2.9 billion yen for unitholder distributions and portfolio optimization, following earlier disposals of three assets totaling 23.5 billion yen earlier in 2025; the REIT broke ground on the GLP Narashino II redevelopment project in Chiba prefecture in February 2025, converting a 55,185 square meter site into a 127,680 square meter five-storey facility set for completion in December 2026. In March 2025, GLP Japan Inc. assumed a key operational role, while Ares Management completed its acquisition of GLP Capital Partners entities in August 2025, influencing the sponsor structure; GLP J-REIT raised 31 billion yen previously to fund acquisitions and pursues external growth via sponsor pipelines and third-party properties alongside internal growth through rent increases on its inflation-resistant portfolio.