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Mitsubishi Estate Logistics REIT Investment Corp.
(3481)
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Rating:67Neutral
Price Target:
¥116,204
▼(-12.56% Downside)
Action:Reiterated
Date:10/20/26
The score is driven primarily by solid financial performance (strong growth and profitability) but is held back by volatile free cash flow and a rising leverage trend. Technicals are weak with the price below key moving averages and negative MACD, while valuation is supported by a high dividend yield but tempered by a mid-range P/E.
Positive Factors
Strong profitability
Consistently high operating and net margins indicate that the portfolio has generated strong profitability relative to its revenue base. This suggests effective cost control and supports the REIT’s ability to sustain earnings and distributions across the next several quarters.
Negative Factors
Rising leverage
The rise in debt-to-equity from approximately 0.51 to 0.79 shows increasing reliance on borrowing to support the asset base. Higher leverage reduces financial flexibility and could make future acquisitions, distributions, or refinancing more sensitive to financing costs.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong profitability
Consistently high operating and net margins indicate that the portfolio has generated strong profitability relative to its revenue base. This suggests effective cost control and supports the REIT’s ability to sustain earnings and distributions across the next several quarters.
Read all positive factors
Mitsubishi Estate Logistics REIT Investment Corp. (3481) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥159.64B
Dividend Yield5.8%
Average Volume (3M)3.44K
Price to Earnings (P/E)19.6
Beta (1Y)0.23
Revenue Growth-4.42%
EPS Growth-3.99%
CountryJP
EmployeesN/A
SectorReal Estate
Sector Strength53
IndustryAsset Management
Share Statistics
EPS (TTM)5485.00
Shares Outstanding1,485,011
10 Day Avg. Volume4,010
30 Day Avg. Volume3,435
Financial Highlights & Ratios
PEG Ratio-5.18
Price to Book (P/B)1.08
Price to Sales (P/S)8.51
P/FCF Ratio16.38
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥143,000.00Price Target Upside7.60% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)5,609.39
Revenue Forecast (FY)¥17.19B
Mitsubishi Estate Logistics REIT Investment Corp. Business Overview & Revenue Model
Company Description
Mitsubishi Estate Logistics REIT (MEL), specializing in logistics property investments, operates under the sponsorship of Mitsubishi Estate Co., Ltd. (MEC), one of Japan's preeminent comprehensive developers....
How the Company Makes Money
The REIT makes money primarily by generating rental income from its portfolio of logistics facilities. Revenue is driven by (1) base rent paid under lease contracts with tenants occupying warehouse/distribution properties, and (2) variable or anci...
Mitsubishi Estate Logistics REIT Investment Corp. Financial Statement Overview
Summary
Income Statement
83
Very Positive
Balance Sheet
68
Positive
Cash Flow
62
Positive
| Breakdown | Aug 2026 | Aug 2025 | Aug 2024 | Aug 2023 | Aug 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 19.77B | 17.15B | 16.91B | 14.66B | 11.31B |
| Gross Profit | 6.71B | 11.55B | 11.36B | 9.43B | 7.34B |
| EBITDA | 11.96B | 12.12B | 11.91B | 10.19B | 7.95B |
| Net Income | 8.15B | 8.60B | 8.55B | 6.94B | 5.52B |
Balance Sheet | |||||
| Total Assets | 287.41B | 287.60B | 282.35B | 271.36B | 228.17B |
| Cash, Cash Equivalents and Short-Term Investments | 13.93B | 4.43B | 4.68B | 4.49B | 4.24B |
| Total Debt | 122.78B | 122.72B | 113.05B | 103.18B | 82.07B |
| Total Liabilities | 131.30B | 131.21B | 121.94B | 111.49B | 88.55B |
| Stockholders Equity | 156.12B | 156.38B | 160.41B | 159.87B | 139.62B |
Cash Flow | |||||
| Free Cash Flow | 10.27B | 2.23B | -1.40B | -34.22B | -39.65B |
| Operating Cash Flow | 14.28B | 13.94B | 15.29B | 12.20B | 6.91B |
| Investing Cash Flow | -5.47B | -12.05B | -16.34B | -45.47B | -46.10B |
| Financing Cash Flow | -8.36B | -2.96B | 1.85B | 34.24B | 40.33B |
Mitsubishi Estate Logistics REIT Investment Corp. Technical Analysis
Negative
132900.00
Price Trends
111816.56
Negative
114678.90
Negative
119346.43
Negative
Market Momentum
-1397.80
Negative
39.76
Neutral
62.50
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3481, the sentiment is Negative. The current price of 132900 is above the 20-day moving average (MA) of 108070.00, above the 50-day MA of 111816.56, and above the 200-day MA of 119346.43, indicating a bearish trend. The MACD of -1397.80 indicates Negative momentum. The RSI at 39.76 is Neutral, neither overbought nor oversold. The STOCH value of 62.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3481.
Mitsubishi Estate Logistics REIT Investment Corp. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ¥243.56B | 18.44 | 9.33% | 5.26% | 3.02% | 15.41% | |
68 Neutral | ¥685.39B | 23.04 | ― | 4.71% | 9.45% | 7.63% | |
67 Neutral | ¥159.64B | 19.60 | ― | 5.80% | -4.42% | -3.99% | |
66 Neutral | ¥233.27B | 19.88 | 6.31% | 5.52% | 71.16% | 0.71% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
63 Neutral | ¥620.34B | 20.54 | ― | 5.33% | -6.14% | -1.55% |
* Real Estate Sector Average
JP:3481
Mitsubishi Estate Logistics REIT Investment Corp.
105,400.00
-11,952.22
-10.18%
JP:3466
LaSalle LOGIPORT REIT
138,800.00
-2,876.77
-2.03%
JP:8967
Japan Logistics Fund
87,900.00
-7,456.74
-7.82%
JP:3281
GLP J-REIT
129,700.00
-2,110.45
-1.60%
JP:3283
Nippon Prologis REIT, Inc.
81,000.00
-3,999.98
-4.71%
JP:3471
Mitsui Fudosan Logistics Park, Inc.
98,200.00
-7,362.69
-6.97%
Mitsubishi Estate Logistics REIT Investment Corp. Corporate Events
Mitsubishi Estate Logistics REIT Delivers Higher Profits and Stable Payouts in 20th Fiscal Period
Oct 19, 2026
Mitsubishi Estate Logistics REIT reported solid results for the fiscal period ended August 31, 2026, with operating revenues up 7.6% to ¥8.77 billion and net income rising 11.0% to ¥4.28 billion, reflecting improved profitability metrics...
Mitsubishi Estate Logistics REIT to Sell MJ Logipark Inzai 1 and Unlock Gains
Oct 19, 2026
Mitsubishi Estate Logistics REIT Investment Corporation will dispose of its trust beneficiary interest in the MJ Logipark Inzai 1 logistics facility in Inzai, Chiba, under a forward commitment sale agreement. The buyer is undisclosed, and payments...
Mitsubishi Estate Logistics REIT Secures ¥2.8 Billion Green-Linked Refinancing
Oct 7, 2026
Mitsubishi Estate Logistics REIT Investment Corporation has arranged new long-term debt financing totaling ¥2.8 billion from The 77 Bank and Mizuho Bank, with the latter structured as a green loan. The green loan proceeds will be allocated to...
Mitsubishi Estate Logistics REIT Refinances Debt with New Green Loan
Sep 10, 2026
Mitsubishi Estate Logistics REIT Investment Corporation has arranged new long-term borrowings totaling ¥1.21 billion from MUFG Bank and SBI Shinsei Bank to refinance existing loans maturing on September 14, 2026. The structure includes a floa...
Mitsubishi Estate Logistics REIT Refinances ¥1 Billion with New Long-Term Loans
Aug 28, 2026
Mitsubishi Estate Logistics REIT Investment Corporation has arranged new long-term borrowings totaling 1 billion yen from MUFG Bank and Sumitomo Mitsui Trust Bank at floating rates linked to JBA Japanese yen TIBOR. The loans, maturing in 2028 and ...
Mitsubishi Estate Logistics REIT Buys Prime Osaka Warehouse Below Appraisal
Jul 22, 2026
Mitsubishi Estate Logistics REIT Investment Corporation will acquire the trust beneficiary interest in MJ Logipark Daito 1, a modern logistics facility in Daito, Osaka, for ¥3.115 billion, below its ¥3.99 billion appraisal value and at a...
Mitsubishi Estate Logistics REIT Secures ¥1.63 Billion Debt to Fund New Logistics Asset
Jul 22, 2026
Mitsubishi Estate Logistics REIT Investment Corporation has arranged new debt financing totaling ¥1.63 billion from Mizuho Bank and MUFG Bank. The package comprises a ¥130 million short-term, unsecured borrowing and a ¥1.5 billion l...
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.