1. Japan Stocks

  2. •

    Finance

  3. •

    Real estate investment trusts
Mitsubishi Estate Logistics REIT Investment Corp.

Mitsubishi Estate Logistics REIT Investment Corp.

TTSE:3481
107,000.00
JPY
+800.00
(+0.75%)
193.05BMarket Cap
Apr 19Next Earn
Mitsubishi Estate Logistics REIT Investment Corp.
TSE:3481
(Tokyo Stock Exchange)

Recent

price

107,000.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
JPY
- -
6,824.48
6,838.55
7,279.5
8,273.68
8,964.93
9,866.63
11,198.08
11,548.32
- -
Revenue per Share
- -
3,349.76
3,243.03
3,656.93
4,025.17
4,377.38
4,670.09
5,662.96
5,791.21
- -
Basic EPS, GAAP
- -
-101,218.84
-12,213.71
-29,259.96
-46,867.16
-31,441.54
-23,027.44
-929.25
1,499.18
- -
Free Cash Flow per Basic Share
- -
1,989.93
3,376.14
3,520.76
3,740.58
4,321.71
4,811.16
5,303.74
6,482.19
- -
Dividend per Share
3,308.48
84,995.66
84,134.49
88,995.96
99,207.2
103,439.43
105,841.8
106,199.76
105,306.91
105,077.58
Book Value per Share
3,308.48
84,982.22
84,125.51
88,990.92
99,204.96
103,438.97
105,841.54
106,199.57
105,301.67
105,072.93
Tangible Book Value per Share
- -
1
1
1
1
1
1
2
1
1
Basic Weighted Avg Shares
- -
4,229
5,024
6,544
9,156
11,306
14,661
16,914
17,149
- -
Sales/Revenue/Turnover
- -
54.33
50.18
53.18
51.99
52.81
52.07
54.39
54.53
- -
Operating Margin (%)
- -
838
974
1,187
1,657
1,985
2,564
2,726
2,762
- -
Depreciation Expense
- -
2,076
2,383
3,287
4,455
5,520
6,939
8,554
8,600
- -
Net Income, GAAP
- -
0.07
0.07
0.05
0.04
0.03
0.03
0.02
0.02
- -
Effective Tax Rate (%)
- -
49.08
47.42
50.24
48.65
48.83
47.33
50.57
50.15
- -
Profit Margin (%)
623
3,699
909
5,744
6,861
6,332
5,888
-147
-6,636
-2,111
Working Capital
4,000
18,901
19,924
34,424
55,663
76,064
98,404
101,649
105,079
108,859
LT Debt
2,045
54,567
62,045
81,649
116,410
139,623
159,869
160,410
156,382
156,041
Total Equity
- -
5.77
3.16
3.42
3.25
3
3.15
3.42
3.38
- -
Return on Invested Capital (%)
- -
5.41
3.11
3.37
3.18
2.93
3.07
3.42
3.39
- -
Return on Capital (%)
- -
7.33
4.09
4.58
4.5
4.31
4.63
5.34
5.43
- -
Return on Common Equity (%)

Capital Structure

JPY

•

in mil. unless spec.
Feb'25
Aug'25
Feb'26
ST Debt
13,820
17,640
13,490
LT Borrowings
99,229
105,079
108,859
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2
1
1
Market Capitalization
173,853
180,874
193,051

Working Capital

JPY

•

in mil. unless spec.
Feb'25
Aug'25
Feb'26
Total Current Assets
16,969
13,872
14,737
Cash, Cash Equivalents & STI
7,240
4,425
5,221
Accounts Receivable, Net
57
87
66
Inventories
- -
- -
- -
Total Current Liabilities
17,044
20,508
16,848
Payables & Accruals
- -
- -
- -
ST Debt
13,820
17,640
13,490
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
14.97%
-2.51%
Free Cash Flow
- -
-58.91%
-258.61%
Net Income, GAAP
- -
21.79%
0.54%
Sales/Revenue/Turnover
- -
21.97%
1.39%
Total Cash Common Dividend
- -
25.17%
20.16%

Semi-annual Revenue

JPY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
16,914
2025
- -
- -
17,149
2026
- -
- -
- -

Semi-annual Earnings Per Share

JPY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
5,662.96
2025
- -
- -
5,791.21
2026
- -
- -
- -

Semi-annual Dividends Per Share

JPY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
5,303.74
2025
- -
- -
6,482.19
2026
- -
- -
- -
Similar Companies
Realty Income Corporation (NYSE:O)
Emlak Konut Gayrimenkul Yatirim Ortakligi A.S. (BIST:EKGYO)
Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR)
AGNC Investment Corp. (NASDAQ:AGNC)
Prologis, Inc. (NYSE:PLD)
American Tower Corporation (REIT) (NYSE:AMT)
Business
Mitsubishi Estate Logistics REIT Investment Corporation (TSE: 3481) operates as a real estate investment trust focused on owning and leasing logistics facilities across Japan. The company invests primarily in modern distribution centers, warehouses, and logistics parks optimized for e-commerce, third-party logistics providers, and manufacturing tenants; its portfolio emphasizes properties in key urban and suburban hubs with strategic access to highways, ports, and airports. Mitsubishi Estate Logistics REIT Investment Corporation was established in 2017 and is headquartered in Tokyo, Japan, with operations concentrated in major metropolitan areas including Greater Tokyo, Osaka, Nagoya, and Fukuoka regions. The REIT's core assets include Class A logistics facilities such as large-scale urban distribution centers exceeding 50,000 square meters, mid-sized suburban warehouses, and specialized properties with advanced features like high ceilings, automated loading docks, and energy-efficient designs; tenants span domestic and international logistics firms serving retail, automotive, and consumer goods sectors. It generates revenue through long-term master leases, offering stable rental income backed by external asset management from Mitsubishi Corporation Real Estate Investment Management and sponsor support from Mitsubishi Estate Co., Ltd. In recent developments, the company expanded its portfolio through the acquisition of premium logistics properties in high-demand areas like Chiba and Kanagawa prefectures in 2024, enhancing occupancy rates above 95%; it also formed strategic alliances with leading e-commerce operators for purpose-built facilities amid Japan's booming online retail sector. Mitsubishi Estate Logistics REIT Investment Corporation completed a successful equity offering in late 2024 to fund further asset purchases, positioning it for sustained growth in the logistics real estate segment driven by supply chain modernization and nearshoring trends.