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Industrial & Infrastructure Fund Investment Corporation (3249) AI Stock Analysis

JP:3249

Industrial & Infrastructure Fund Investment Corporation

(TSE/TYO:3249)

Select Model
Rating:80.8Outperform
Price Target:JPY 159,714.00▲(24.39% Upside)
Action:reiterated
Date:08/07/26

The stock scores 80.8 out of 99, reflecting strong financial performance and attractive valuation as the primary drivers. The company's robust income growth, healthy balance sheet, and solid cash flows underpin its high rating. While technical indicators show some near-term weakness, the oversold conditions and positive momentum suggest potential support. Overall, Industrial & Infrastructure Fund Investment Corporation presents a compelling investment opportunity in the industrial REIT sector.

Positive Factors
High ProfitabilitySustained high gross and net margins across the period and multi-year net income growth indicate durable operating economics from industrial/logistics leases. This margin profile supports long-term distributable income and suggests structural pricing power and cost control in the core portfolio.
Negative Factors
Elevated LeverageLeverage near or above 1.0x equity is elevated for a REIT and increases sensitivity to interest rate moves and refinancing risk. Over a multi-month horizon, this reduces financial flexibility, can raise finance costs, and constrains the ability to pursue opportunistic acquisitions without additional capital raises.

Industrial & Infrastructure Fund Investment Corporation (3249) vs. iShares MSCI Japan ETF (EWJ)

-10%-5%0%5%10%15%20%25%JP:3249-6.37%EWJ+15.87%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
JPY 323.90B
Dividend Yield
6.71%
Average Volume (3M)
7,380
Price to Earnings (P/E)
15.5
Beta (1Y)
0.12
Revenue Growth
36.08%
EPS Growth
15.81%
Country
Japan
Employees
―
Sector
General
Sector Strength
55
Industry
REIT - Industrial

Industrial & Infrastructure Fund Investment Corporation Business Overview & Revenue Model

Company Description

Industrial and Infrastructure Fund Investment Corporation (IIF) stands as Japan's pioneering J-REIT, specializing in the ownership and management of industrial as well as infrastructure real estate within Japan. These assets are considered foundation...

How the Company Makes Money

The company makes money primarily by earning rental income from its portfolio of investment real estate. Revenue is generated through (1) base rent and other lease-related income paid by tenants under lease contracts, and (2) ancillary property incom...

Industrial & Infrastructure Fund Investment Corporation Financial Statement Overview

Summary

The company exhibits strong financial health: income statement shows robust revenue growth and high profit margins (score 92), balance sheet is solid with manageable leverage (score 82), and cash flow generation is strong (score 88).

Income Statement

92Very Positive

Balance Sheet

82Very Positive

Cash Flow

88Very Positive
Financial statement breakdown
BreakdownTTMJul 2026Jul 2025Jul 2024Jul 2022Jul 2021
Income Statement
Total Revenue64.23B45.72B39.82B39.23B39.16B29.24B
Gross Profit19.41B22.81B18.20B21.78B18.27B18.10B
EBITDA29.70B27.64B23.04B22.55B19.26B18.41B
Net Income20.91B20.26B17.49B15.93B13.36B13.28B
Balance Sheet
Total Assets569.95B566.19B555.12B555.44B433.41B407.43B
Cash, Cash Equivalents and Short-Term Investments19.89B19.89B17.24B25.58B35.31B40.15B
Total Debt297.63B294.23B282.28B282.28B212.28B194.38B
Total Liabilities323.80B318.58B309.01B309.23B237.72B217.31B
Stockholders Equity246.16B247.61B246.11B246.20B195.69B190.12B
Cash Flow
Free Cash Flow12.11B12.11B12.20B-94.95B-2.35B-20.89B
Operating Cash Flow42.29B42.29B28.72B29.10B19.42B28.78B
Investing Cash Flow-34.27B-34.27B-19.77B-139.49B-21.87B-45.69B
Financing Cash Flow-4.91B-4.91B-18.81B104.34B2.35B45.40B

Industrial & Infrastructure Fund Investment Corporation Technical Analysis

Technical Analysis SentimentNegative
Last Price128400.00

Price Trends

50DMA132616.00Negative
100DMA135892.02Negative
200DMA139659.10Negative

Market Momentum

MACD-1170.47Negative
RSI43.52Neutral
STOCH47.53Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3249, the sentiment is Negative. The current price of 128400.00 is above the 20-day moving average (MA) of 127555.00, below the 50-day MA of 132616.00, and below the 200-day MA of 139659.10, indicating a neutral trend. The MACD of -1170.47 indicates Negative momentum. The RSI at 43.52 is Neutral, neither overbought nor oversold. The STOCH value of 47.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3249.

Industrial & Infrastructure Fund Investment Corporation Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

JP:3249 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:3249JP:324981OutperformJPY 323.90B15.498.47%6.71%36.08%15.81%
JP:3279JP:327977OutperformJPY 295.38B18.635.91%5.08%23.60%16.04%
JP:8984JP:898461NeutralJPY 489.85B20.17―5.91%-8.82%-12.80%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%

* General Sector Average

Performance Comparison

-10%0%10%JP:3249JP:3279JP:3468JP:3471JP:3487JP:8984Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
JP:3249 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:3249Industrial & Infrastructure Fund Investment Corporation128100.00-7115.58-5.26%
JP:3279Activia Properties 124300.00-10375.72-7.70%
JP:3468Star Asia Investment Corp.51900.00-5913.32-10.23%
JP:3471Mitsui Fudosan Logistics Park, Inc.96900.00-9328.40-8.78%
JP:3487CRE Logistics REIT, Inc123900.00-25476.73-17.06%
JP:8984Daiwa House REIT Investment Corporation107900.00-18269.75-14.48%

Industrial & Infrastructure Fund Investment Corporation Corporate Events

IIF REIT Reports No Operational Damage to Kyushu Assets After Kumamoto Quake

Jul 29, 2026

Industrial & Infrastructure Fund Investment Corporation reported on the operational status of its Kyushu-region properties following the 2026 Kumamoto Earthquake. The REIT, which owns eleven assets in the area, is a significant player in Japan&#8...

IIF Refinances Debt and Extends Loan Maturities Without Raising Total Borrowings

Jul 22, 2026

Industrial & Infrastructure Fund Investment Corporation has moved to optimize its funding structure by refinancing and partially repaying existing borrowings ahead of maturity. The Tokyo-listed REIT relies on bank loans and bonds, including green...

Industrial & Infrastructure Fund REIT Extends ¥30 Billion Credit Facilities

Jun 30, 2026

Industrial & Infrastructure Fund Investment Corporation, a Tokyo-listed REIT specializing in industrial and infrastructure-related assets, relies on unsecured credit facilities and term loans from leading Japanese banks to support its investment...

IIF REIT lengthens debt maturity with ¥4 billion refinancing and early loan repayment

Jun 24, 2026

Industrial & Infrastructure Fund Investment Corporation will refinance part of its existing debt by arranging new unsecured, unguaranteed floating-rate loans totaling ¥4 billion from regional banks The Bank of Fukuoka, The Chiba Bank, and Th...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 06, 2026