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GLP J-REIT (3281) Stock Price & Analysis
3281 Stock Chart & Stats
- Day’s Range
- JPY 129,600.00 - JPY 131,000.00
- 52-Week Range
- JPY 126,100.00 - JPY 152,800.00
- Previous Close
- JPY 129,000.00
- Volume
- 7,777
- Average Volume (3M)
- 11.47K
- Market Cap
- JPY 618.44B
- Enterprise Value
- JPY 1.03T
- Total Cash (Recent Filing)
- JPY 50.22B
- Total Debt (Recent Filing)
- JPY 437.56B
- Price to Earnings (P/E)
- 20.5
- Beta
- 0.04
- Next Earnings
- Apr 14, 2027 (Est.)
- EPS Estimate
- 2,879.35
- Next Dividend Ex-Date
- Feb 26, 2027
- Dividend Yield
- 5.35%
Bulls Say, Bears Say
Bulls Say
Strong Profitability
Very high net and EBIT margins show strong profit conversion from the logistics property portfolio, while relatively stable net income indicates resilience despite revenue volatility. This profitability can support distributions, internal funding, and continued operating stability over the next several quarters.
Manageable Leverage
Leverage appears manageable for an industrial REIT, and stable assets and equity suggest the balance sheet has remained broadly durable. This supports ongoing ownership of income-producing properties and provides a reasonable financial base, even though debt remains substantial in absolute terms.
Positive Cash Generation
Strong recent free cash flow indicates that reported earnings have generally been supported by cash generation, an important foundation for distributions and property investment. The large 2026 increase also suggests meaningful funding capacity for the REIT’s continuing operations and portfolio needs.
Bears Say
Sharp Revenue Decline
The sharp latest-year revenue contraction demonstrates that top-line performance is not consistently stable, even though earnings remained resilient. If this weakness persists, it could constrain future growth, reduce operating scale, and make sustained profit and distribution performance more dependent on existing assets.
High Absolute Debt
Although the debt-to-equity ratio is described as manageable, the sizable absolute debt load and limited leverage improvement reduce financial flexibility. A highly indebted balance sheet can constrain acquisitions, portfolio investment, and the ability to absorb tighter financing conditions over the medium term.
Uneven Cash-flow Quality
Recent cash generation is positive overall, but operating cash flow did not fully cover net income in 2026, and the historical 2021 free-cash-flow shortfall shows variability. This inconsistency may complicate distribution planning and indicates that investment timing or capital movements can materially affect cash availability.
GLP J-REIT News
3281 FAQ
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Company Description
GLP J-REIT
GLP J-REIT operates as a real estate investment trust, specializing in advanced and highly functional logistics facilities. Founded by GLP Japan Advisors Inc. in accordance with Japan's Investment Trust Act, its units began trading on the Tokyo Stock Exchange's Real Estate Investment Trust Market (securities code: 3281) on December 21, 2012. With the GLP Group serving as its sponsor, the REIT capitalizes on the group's extensive experience and management capabilities to invest in high-quality logistics assets. Its primary goals are to secure stable income and foster consistent growth in its asset base over the medium to long term. Since commencing operations as a listed J-REIT in January 2013 with an initial portfolio of 30 properties valued at ¥208,731 million, GLP J-REIT has continuously expanded its holdings through strategic acquisitions. As of the close of the most recent fiscal period, its portfolio encompasses 78 properties, representing a total acquisition price of ¥644,878 million.
- Sector
- General
- Industry
- REIT - Industrial
- CEO
- Yuma Kawatsuji
- Employees
- 44,000
- Website
- www.glpjreit.com
- Address
- 16F, Yaesu Central Tower, Tokyo Midtown, Tokyo, TY, 104-0028, JP
GLP J-REIT (3281) Earnings & Revenues
3281 Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 8 | 5 | 9 |
| Technical Analysis | 3 | 5 | 2 |
| Moving Averages | 5 | 0 | 7 |





