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CRE Logistics REIT, Inc

CRE Logistics REIT, Inc

TTSE:3487
126,900.00
JPY
-400.00
(-0.31%)
103.42BMarket Cap
Feb 17Next Earn
CRE Logistics REIT, Inc
TSE:3487
(Tokyo Stock Exchange)

Recent

price

126,900.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
JPY
1,862.12
12,086.47
12,260.48
12,268.14
13,115.46
17,053.55
13,963.01
14,654.12
15,308.93
- -
Revenue per Share
715.6
5,628.16
5,255.56
6,004.68
6,447.1
9,509.86
6,648.2
6,853.93
7,181.3
- -
Basic EPS, GAAP
3,134.22
-137,450.66
-19,699.97
-93,353.8
-74,630.83
9,592.91
-26,282.22
9,513.45
11,444.44
- -
Free Cash Flow per Basic Share
679.3
3,598.15
5,965.38
4,903.65
6,086.29
7,099.73
9,268.42
7,516.55
7,639.82
- -
Dividend per Share
31,052.7
106,940.67
107,005.33
120,757.01
133,406.56
135,815.43
135,530.62
134,840.01
135,654.26
135,654.26
Book Value per Share
31,052.7
106,926.54
106,995.82
120,753.08
133,405.03
135,812.21
135,528.48
134,838.5
135,653.05
135,653.05
Tangible Book Value per Share
- -
- -
- -
- -
1
1
1
1
1
1
Basic Weighted Avg Shares
924
2,600
2,992
4,635
6,755
9,630
8,765
9,146
9,470
- -
Sales/Revenue/Turnover
49.3
56.93
51.7
57.72
57.74
61.66
55.03
53.93
55.27
- -
Operating Margin (%)
225
540
604
824
1,179
1,301
1,455
1,519
1,525
- -
Depreciation Expense
355
1,211
1,283
2,268
3,321
5,370
4,173
4,278
4,442
- -
Net Income, GAAP
0.5
0.15
0.14
0.08
0.05
0.03
0.04
0.04
0.04
- -
Effective Tax Rate (%)
38.43
46.57
42.87
48.95
49.16
55.76
47.61
46.77
46.91
- -
Profit Margin (%)
-1,934
-4,853
-1,680
2,061
240
-1,005
-3,275
-7,646
-10,413
-10,413
Working Capital
7,100
17,140
23,019
40,095
55,789
54,089
64,034
58,719
55,669
55,669
LT Debt
7,178
24,719
27,741
51,141
75,335
76,695
85,073
84,159
83,209
83,209
Total Equity
- -
4.48
3
3.58
3.35
4.32
3.28
3.16
3.39
- -
Return on Invested Capital (%)
- -
4.04
2.75
3.32
3.13
4.17
3.12
3.06
3.29
- -
Return on Capital (%)
- -
7.59
4.89
5.75
5.25
7.06
5.16
5.06
5.31
- -
Return on Common Equity (%)

Capital Structure

JPY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
12,100
14,450
14,450
LT Borrowings
58,719
55,669
55,669
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1
1
1
Market Capitalization
85,819
93,408
103,417

Working Capital

JPY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
6,147
5,891
5,891
Cash, Cash Equivalents & STI
1,738
1,480
1,480
Accounts Receivable, Net
198
203
203
Inventories
- -
- -
- -
Total Current Liabilities
13,793
16,304
16,304
Payables & Accruals
- -
- -
- -
ST Debt
12,100
14,450
14,450
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
11.57%
-1.13%
Free Cash Flow
- -
-125.28%
19.23%
Net Income, GAAP
- -
18.44%
3.85%
Sales/Revenue/Turnover
- -
17.44%
3.54%
Total Cash Common Dividend
- -
24.72%
0.74%

Semi-annual Revenue

JPY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
8,765
2024
- -
- -
9,146
2025
- -
- -
9,470

Semi-annual Earnings Per Share

JPY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
6,648.2
2024
- -
- -
6,853.93
2025
- -
- -
7,181.3

Semi-annual Dividends Per Share

JPY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
9,268.42
2024
- -
- -
7,516.55
2025
- -
- -
7,639.82
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Business
CRE Logistics REIT, Inc. (3487.T) is a Japanese real estate investment trust (REIT) that invests primarily in logistics-related facilities, including slope-type, low-level type, box-type, and ramp-way type warehouses and distribution centers such as LogiSquare Kuki, LogiSquare Hanyu, LogiSquare Urawa Misono, LogiSquare Niiza, LogiSquare Moriya, LogiSquare Kawagoe, LogiSquare Kasukabe, LogiSquare Soka, LogiSquare Yashio, LogiSquare Mizuho A and B, LogiSquare Ageo, LogiSquare Miyoshi, LogiSquare Sayama Hidaka, LogiSquare Kawagoe II, LogiSquare Shiroi, LogiSquare Kobe Nishi, LogiSquare Osaka Katano, LogiSquare Hirakata, and LogiSquare Tosu; its portfolio, comprising 20 properties with a total acquisition price of approximately JPY 157.4 billion and an appraisal value of JPY 183.6 billion as of mid-2025, features an average appraisal NOI yield of 4.7%, average property age of 6.4 years, and 99.6% occupancy. The REIT, sponsored by CRE, Inc. and managed by CRE REIT Advisers, Inc., focuses on high-quality assets developed entirely by CRE (100% of portfolio), targeting stable cash flows and long-term unitholder value through investments in tenant-responsive logistics properties mainly serving e-commerce, manufacturing, and distribution sectors. Geographically, its holdings concentrate in prime logistics hubs, with 98.2% in the Tokyo Metropolitan Area and Kansai region, supplemented by select properties elsewhere in Japan. Founded on May 12, 2016 and headquartered at 2-10-1 Toranomon, Minato-ku, Tokyo, Japan, the REIT listed on the Tokyo Stock Exchange's Real Estate Investment Trust Securities Market on February 7, 2018. Recent developments include the sponsor CRE, Inc. facing a privatization tender offer from SMFL Mirai Partners in early 2025 for JPY 21.7 billion, with no change anticipated to its sponsorship or asset management roles for CRE Logistics REIT; additional unit acquisitions by CRE, Inc., such as notices in October and November 2025 for up to JPY 1 billion and further purchases; and the REIT's own market repurchase of 3,560 investment units for JPY 499.9 million in late 2024 to optimize its capital structure.