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    Real estate investment trusts
Industrial & Infrastructure Fund Investment Corporation

Industrial & Infrastructure Fund Investment Corporation

710.00
EUR
-5.00
(-0.70%)
1.81BMarket Cap
Mar 17Next Earn
Industrial & Infrastructure Fund Investment Corporation
FRA:2ES
(Frankfurt Stock Exchange)

Recent

price

710.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
JPY
936,475.46
8,975.98
9,544.8
10,134.39
10,875.91
11,313.9
- -
11,426.14
11,898.21
11,927.02
14,166.59
16,274.12
17,160.47
15,469.27
- -
- -
- -
Revenue per Share
299,419.22
3,664.07
3,999.44
4,212.62
4,587.47
4,838.87
- -
5,322.92
5,721.85
5,894.07
6,434.29
5,932.24
6,405.41
6,280.91
- -
- -
- -
Basic EPS, GAAP
-1,238,828.79
-33,815.44
-9,061.65
-8,583.91
-11,100.39
-187.07
- -
-11,501.41
-8,635.32
-7,384.58
-10,121.06
-593.9
-1,125.84
-37,437.32
1,382.99
- -
- -
Free Cash Flow per Basic Share
249,994.28
2,847.67
3,607.78
3,993.01
4,237.17
4,729.05
- -
5,339.2
5,386.36
5,986.85
5,788.88
6,327.26
6,174.75
5,596.59
6,986.7
- -
- -
Dividend per Share
- -
56,801.42
59,792.73
61,922.63
66,525.24
66,625.96
73,652.24
76,385.92
79,081.32
82,503.06
91,842.9
91,476.85
92,590.07
97,075.2
- -
- -
97,038.21
Book Value per Share
- -
39,171.84
43,943.7
46,944.1
52,460.26
52,561.11
61,166.15
64,709.73
68,019.12
71,948.28
82,257.92
81,893.13
83,204.76
89,254.7
- -
- -
89,217.75
Tangible Book Value per Share
- -
1
1
1
1
1
2
2
2
2
2
2
2
3
3
3
- -
Basic Weighted Avg Shares
6,822
9,496
11,829
13,352
15,146
15,955
- -
18,663
20,409
22,034
29,242
33,688
35,793
39,233
- -
- -
- -
Sales/Revenue/Turnover
50.68
55.9
55.32
55.01
54.89
54.87
- -
56.93
57.73
57.94
52.17
42.3
42.73
46.3
- -
- -
- -
Operating Margin (%)
1,161
1,459
1,706
1,952
2,121
2,214
- -
2,595
2,770
3,057
3,711
4,617
4,468
4,939
5,384
- -
- -
Depreciation Expense
2,181
3,876
4,957
5,550
6,389
6,824
- -
8,694
9,815
10,889
13,281
12,280
13,360
15,930
- -
- -
- -
Net Income, GAAP
0.09
0.05
0.04
0.03
0.03
0.03
- -
0.03
0.03
0.02
0.02
0.02
0.02
0.03
- -
- -
- -
Effective Tax Rate (%)
31.97
40.82
41.9
41.57
42.18
42.77
- -
46.59
48.09
49.42
45.42
36.45
37.33
40.6
- -
- -
- -
Profit Margin (%)
- -
-10,728
6,229
6,243
1,692
-20,153
-11,633
8,081
6,118
15,958
28,714
13,400
11,948
56
- -
- -
-7,909
Working Capital
- -
65,000
87,000
96,400
101,200
87,200
106,400
140,800
150,957
170,583
181,783
179,283
186,283
248,483
- -
- -
250,983
LT Debt
- -
63,905
74,828
82,001
93,818
93,960
117,008
129,766
141,873
155,107
190,116
189,359
195,691
246,204
- -
- -
246,110
Total Equity
- -
- -
4.25
4.28
4.36
4.22
- -
4.06
4.11
4.09
4.29
3.66
3.82
3.88
- -
- -
- -
Return on Invested Capital (%)
- -
- -
3.94
4.01
4.1
3.99
- -
3.87
3.9
3.92
4.14
3.53
3.7
3.76
- -
- -
- -
Return on Capital (%)
- -
- -
7.15
7.08
7.27
7.27
- -
7.05
7.23
7.33
7.69
6.47
6.94
7.21
- -
- -
- -
Return on Common Equity (%)

Capital Structure

JPY

•

in mil. unless spec.
Jan'24
Jul'24
Jan'25
ST Debt
24,800
33,800
31,300
LT Borrowings
195,483
248,483
250,983
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2
3
3
Market Capitalization
273,711
314,871
291,550

Working Capital

JPY

•

in mil. unless spec.
Jan'24
Jul'24
Jan'25
Total Current Assets
45,777
40,358
30,873
Cash, Cash Equivalents & STI
36,257
25,581
17,245
Accounts Receivable, Net
858
1,481
1,340
Inventories
- -
- -
- -
Total Current Liabilities
30,588
40,302
38,782
Payables & Accruals
- -
- -
- -
ST Debt
24,800
33,800
31,300
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
- -
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
- -
- -
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

JPY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
39,233
2025
- -
- -
- -
2026
- -
- -
- -

Semi-annual Earnings Per Share

JPY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
6,280.91
2025
- -
- -
- -
2026
- -
- -
- -

Semi-annual Dividends Per Share

JPY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
5,596.59
2025
- -
- -
6,986.7
2026
- -
- -
- -
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Business
Industrial & Infrastructure Fund Investment Corporation (IIF) is a Japanese real estate investment trust (J-REIT) that invests primarily in industrial facilities including logistics centers, manufacturing plants, research and development centers, and infrastructure assets such as power plants, data centers, and airport maintenance facilities; its portfolio emphasizes properties supporting the Japanese economy with stable mid- to long-term demand. Established on March 26, 2007, and listed on the Tokyo Stock Exchange (ticker: 3249) since October 18, 2007, IIF is headquartered in Tokyo, Japan, and operates exclusively within Japan, focusing on key urban areas like Tokyo, Osaka, Nagoya, and their surroundings with a current portfolio of 108 properties totaling approximately 505 billion yen in acquisition price and a 99.7% occupancy rate. The asset manager is KJR Management Limited, formerly Mitsubishi Corp.-UBS Realty Inc., which shifted sponsorship to KKR in 2022, enhancing access to acquisition pipelines through sponsor-backed deals. IIF's core offerings target logistics; manufacturing and R&D facilities; and infrastructure properties, including notable assets like IIF Narashino Logistics Center, IIF Atsugi Logistics Center II, IIF Haneda Airport Maintenance Center, IIF Nagoya Port Tank Terminal (land with leasehold interest), and IIF Ota Manufacturing Center, with strategies emphasizing diversification, CPI-linked rents for internal growth, and redevelopment of existing sites. Recent developments include the March 2024 acquisition of 28 business bases from LOGISTEED Ltd. (a KKR portfolio company) for 108.2 billion yen via public offering; December 2023 and April 2024 acquisitions of sponsor-linked properties totaling around 116 billion yen including redeveloped buildings; April 2024 sale of two properties for 13.5 billion yen; September 2025 investment of 300 million yen in an 8.7% silent partnership interest backed by i-PRO Saga property; and ongoing CRE carve-out strategies with KJRM, alongside issuances of social bonds and unsecured investment corporation bonds for diversified financing.