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LaSalle LOGIPORT REIT
(3466)
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Rating:66Neutral
Price Target:
Â¥150,768
â–¼(-5.95% Downside)
Action:Reiterated
Date:10/21/26
The score is driven mainly by solid financial performance (strong 2026 revenue step-up and improved recent cash generation), tempered by margin compression and leverage/FCF volatility. Technical indicators are notably weak (below key moving averages with negative MACD), while valuation is supported by a high dividend yield with a moderate P/E.
Positive Factors
Recurring Logistics Rental Model
A portfolio of logistics properties leased to tenants provides a recurring rental-income foundation and links cash generation to ongoing occupancy and contracted rents. This business model can support relatively predictable distributions and benefits from continued demand for logistics and distribution space.
Negative Factors
Material Margin Compression
The substantial 2026 margin decline means rapid revenue growth converted into earnings less efficiently than in the prior two years. Whether caused by mix, higher costs, or one-time items, this volatility reduces confidence that the recent top-line expansion will translate proportionally into durable profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring Logistics Rental Model
A portfolio of logistics properties leased to tenants provides a recurring rental-income foundation and links cash generation to ongoing occupancy and contracted rents. This business model can support relatively predictable distributions and benefits from continued demand for logistics and distribution space.
Read all positive factors
LaSalle LOGIPORT REIT (3466) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
Â¥234.43B
Dividend Yield5.5%
Average Volume (3M)7.99K
Price to Earnings (P/E)19.9
Beta (1Y)0.06
Revenue Growth71.16%
EPS Growth0.71%
CountryJP
EmployeesN/A
SectorReal Estate
Sector Strength53
IndustryREIT - Industrial
Share Statistics
EPS (TTM)7073.01
Shares Outstanding1,659,112
10 Day Avg. Volume6,438
30 Day Avg. Volume7,989
Financial Highlights & Ratios
PEG Ratio-17.09
Price to Book (P/B)1.31
Price to Sales (P/S)5.02
P/FCF Ratio6.46
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)7,852.68
Revenue Forecast (FY)Â¥26.21B
LaSalle LOGIPORT REIT Business Overview & Revenue Model
Company Description
LaSalle LOGIPORT REIT (LLR) is a Japanese real estate investment trust focused exclusively on logistics properties, operating under the sponsorship of the internationally recognized LaSalle Investment Management group. The logistics real estate se...
How the Company Makes Money
LaSalle LOGIPORT REIT makes money primarily by leasing space in its logistics properties to tenants and collecting rental income. Its core revenue stream is base rent under lease contracts, which is typically received on a recurring (monthly/quart...
LaSalle LOGIPORT REIT Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
63
Positive
Cash Flow
70
Positive
| Breakdown | Aug 2026 | Aug 2025 | Aug 2024 | Aug 2023 | Aug 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 50.02B | 25.99B | 25.56B | 22.20B | 21.37B |
| Gross Profit | 11.75B | 18.33B | 18.08B | 11.60B | 14.30B |
| EBITDA | 17.26B | 17.21B | 17.07B | 14.35B | 14.27B |
| Net Income | 12.48B | 12.90B | 12.95B | 10.19B | 10.24B |
Balance Sheet | |||||
| Total Assets | 373.44B | 395.48B | 406.62B | 406.07B | 384.16B |
| Cash, Cash Equivalents and Short-Term Investments | 27.01B | 17.48B | 20.01B | 17.95B | 20.06B |
| Total Debt | 171.02B | 171.02B | 171.02B | 171.02B | 160.62B |
| Total Liabilities | 181.55B | 181.69B | 181.69B | 181.04B | 170.30B |
| Stockholders Equity | 191.89B | 213.79B | 224.93B | 225.03B | 213.85B |
Cash Flow | |||||
| Free Cash Flow | 38.91B | 25.21B | 19.20B | -11.89B | 12.99B |
| Operating Cash Flow | 40.22B | 26.04B | 23.98B | 12.53B | 14.35B |
| Investing Cash Flow | -3.91B | -5.04B | -8.35B | -25.45B | -1.67B |
| Financing Cash Flow | -34.38B | -24.04B | -13.05B | 11.38B | -12.01B |
LaSalle LOGIPORT REIT Technical Analysis
Negative
160300.00
Price Trends
143393.28
Negative
143348.22
Negative
146231.52
Negative
Market Momentum
-1175.00
Positive
41.04
Neutral
17.24
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3466, the sentiment is Negative. The current price of 160300 is above the 20-day moving average (MA) of 142655.00, above the 50-day MA of 143393.28, and above the 200-day MA of 146231.52, indicating a bearish trend. The MACD of -1175.00 indicates Positive momentum. The RSI at 41.04 is Neutral, neither overbought nor oversold. The STOCH value of 17.24 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3466.
LaSalle LOGIPORT REIT Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ¥246.30B | 18.61 | 9.33% | 5.15% | 3.02% | 15.41% | |
68 Neutral | ¥692.10B | 23.21 | ― | 4.76% | 9.45% | 7.63% | |
67 Neutral | ¥160.38B | 19.64 | ― | 3.26% | -4.42% | -3.99% | |
66 Neutral | ¥234.43B | 19.91 | 6.31% | 5.72% | 71.16% | 0.71% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
63 Neutral | ¥624.62B | 20.67 | ― | 3.09% | -6.14% | -1.55% |
* Real Estate Sector Average
JP:3466
LaSalle LOGIPORT REIT
141,300.00
-2,180.95
-1.52%
JP:8967
Japan Logistics Fund
89,700.00
-6,707.77
-6.96%
JP:3281
GLP J-REIT
131,400.00
-2,217.38
-1.66%
JP:3283
Nippon Prologis REIT, Inc.
82,500.00
-3,841.59
-4.45%
JP:3471
Mitsui Fudosan Logistics Park, Inc.
99,700.00
-6,718.60
-6.31%
JP:3481
Mitsubishi Estate Logistics REIT Investment Corp.
108,000.00
-10,591.52
-8.93%
LaSalle LOGIPORT REIT Corporate Events
LaSalle LOGIPORT REIT Lifts Earnings and Payouts but Signals Profit Pressure Ahead
Oct 20, 2026
LaSalle LOGIPORT REIT reported higher operating revenues and profits for the fiscal period ended August 31, 2026, with operating revenue rising 5.9% to ¥13.21 billion and net income up 7.3% to ¥6.46 billion. Net income per unit increased...
LaSalle LOGIPORT REIT Cuts 2027 DPU Forecast to Smooth Distribution Volatility
Oct 20, 2026
LaSalle LOGIPORT REIT has revised its distribution per unit forecast for the fiscal period ending February 28, 2027, lowering the expected total payout from 4,282 yen to 4,000 yen per unit and eliminating distributions in excess of retained earnin...
LaSalle LOGIPORT REIT Advances Unit Buyback Under ¥10 Billion Authorization
Oct 1, 2026
LaSalle LOGIPORT REIT has disclosed the latest progress of its unit repurchase program, reporting the buyback of 16,379 investment units on the Tokyo Stock Exchange between September 24 and 30, 2026, at a total cost of approximately ¥2.37 bil...
LaSalle LOGIPORT REIT Corrects Date for Cancellation of Repurchased Units
Sep 24, 2026
LaSalle LOGIPORT REIT has issued a correction to an earlier announcement regarding the timing of the cancellation of its own investment units repurchased in the fiscal period ending February 2027. The investment corporation now states that all uni...
LaSalle LOGIPORT REIT Sells Four Logistics Assets to Rebalance Portfolio and Boost Returns
Sep 18, 2026
LaSalle LOGIPORT REIT has decided to dispose of four domestic logistics properties via trust beneficiary interests, including LOGIPORT Kashiwa Shonan, Inuyama Logistics Center, and two LOGIPORT facilities in Sakai, Osaka. The transactions, schedul...
LaSalle LOGIPORT REIT to Buy Back and Cancel Up to 4.3% of Units
Sep 18, 2026
LaSalle LOGIPORT REIT has approved a repurchase of up to 71,500 of its own investment units, representing about 4.3% of units outstanding, with a ceiling of 10 billion yen, to be executed via open-market purchases on the Tokyo Stock Exchange betwe...
LaSalle LOGIPORT REIT Lifts Profit and Distribution Outlook on Asset Sale and Buyback
Sep 18, 2026
LaSalle LOGIPORT REIT has raised its forecasts for the fiscal period ending February 28, 2027, projecting double-digit increases in operating revenue, income and distributions per unit compared with its April outlook. The REIT now expects operatin...
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.