Industrial & Infrastructure Fund Investment (3249) Stock Overview
Industrial & Infrastructure Fund Investment Corporation became listed on the J-REIT market of the Tokyo Stock Exchange on October 18, 2007. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 5/6 |
| Financial Health | 1/6 |
| Dividends | 5/6 |
Rewards
Risk Analysis
3249 Community Fair Values
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Analyst Price Targets
Industrial & Infrastructure Fund Investment Corporation Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | JP¥142,300.00 |
| 52 Week High | JP¥158,900.00 |
| 52 Week Low | JP¥121,200.00 |
| Beta | 0.43 |
| 1 Month Change | 1.50% |
| 3 Month Change | -1.25% |
| 1 Year Change | 17.02% |
| 3 Year Change | -4.82% |
| 5 Year Change | -34.54% |
| Change since IPO | 142.21% |
Recent News & Updates
Narrative Update • Jun 13
3249: Logistics Acquisitions And Dividend Policy Will Drive Future Upside Potential
Analysts kept the Industrial & Infrastructure Fund price target steady at ¥159,000. Small adjustments to the discount rate, revenue growth, profit margin, and future P/E assumptions reflect minor refinements to their valuation framework rather than a change in overall view.Narrative Update • May 30
3249: Logistics Acquisitions And Dividend Policy Will Support Future Returns
The analyst price target for the Industrial & Infrastructure Fund has been trimmed by ¥1,000 to ¥159,000. Analysts now reflect more cautious revenue growth assumptions, partly offset by slightly higher profit margin expectations and a modestly lower forward P/E multiple.Narrative Update • Apr 24
3249: Logistics Upgrades And Dividend Outlook Will Support Stable Returns
Analysts now set the Industrial & Infrastructure Fund price target at ¥160,000, up from ¥157,000, citing adjusted assumptions for fair value, discount rate, revenue growth, profit margin, and forward P/E as key reasons for the change. What's in the News IIF completed the acquisition of two domestic logistics assets, IIF Nagoya Logistics Center II in Nagoya-shi, Aichi and IIF Shizuoka Susono Logistics Center in Susono-shi, Shizuoka, funded with cash on hand and paid in a lump sum at delivery (Key Developments).Narrative Update • Apr 09
3249: Logistics Acquisitions And Renovations Will Support Stable Yield And Fair Pricing
Analysts now set the Industrial & Infrastructure Fund price target at ¥157,000, compared with the prior ¥154,500. The revision reflects updated assumptions for a slightly different discount rate, revenue growth profile, profit margin and future P/E expectations.Recent updates
Narrative Update • Jun 13
3249: Logistics Acquisitions And Dividend Policy Will Drive Future Upside Potential
Analysts kept the Industrial & Infrastructure Fund price target steady at ¥159,000. Small adjustments to the discount rate, revenue growth, profit margin, and future P/E assumptions reflect minor refinements to their valuation framework rather than a change in overall view.Narrative Update • May 30
3249: Logistics Acquisitions And Dividend Policy Will Support Future Returns
The analyst price target for the Industrial & Infrastructure Fund has been trimmed by ¥1,000 to ¥159,000. Analysts now reflect more cautious revenue growth assumptions, partly offset by slightly higher profit margin expectations and a modestly lower forward P/E multiple.Narrative Update • Apr 24
3249: Logistics Upgrades And Dividend Outlook Will Support Stable Returns
Analysts now set the Industrial & Infrastructure Fund price target at ¥160,000, up from ¥157,000, citing adjusted assumptions for fair value, discount rate, revenue growth, profit margin, and forward P/E as key reasons for the change. What's in the News IIF completed the acquisition of two domestic logistics assets, IIF Nagoya Logistics Center II in Nagoya-shi, Aichi and IIF Shizuoka Susono Logistics Center in Susono-shi, Shizuoka, funded with cash on hand and paid in a lump sum at delivery (Key Developments).Narrative Update • Apr 09
3249: Logistics Acquisitions And Renovations Will Support Stable Yield And Fair Pricing
Analysts now set the Industrial & Infrastructure Fund price target at ¥157,000, compared with the prior ¥154,500. The revision reflects updated assumptions for a slightly different discount rate, revenue growth profile, profit margin and future P/E expectations.Narrative Update • Mar 25
3249: Stable Logistics Acquisitions And Unchanged Fair Pricing Will Support Steady Outlook
Analysts have maintained the Industrial & Infrastructure Fund price target at ¥154,500, with the slight adjustments to the discount rate, revenue growth outlook, profit margin assumptions and future P/E indicating a refined rather than directional shift in their valuation view. What's in the News Industrial & Infrastructure Fund Investment Corporation completed the acquisition of two domestic logistics properties, IIF Nagoya Logistics Center II in Nagoya-shi, Aichi and IIF Shizuoka Susono Logistics Center in Susono-shi, Shizuoka.Narrative Update • Mar 11
3249: Stable Assumptions And Fair Pricing Will Support Steady Outlook
Analysts have kept the Industrial & Infrastructure Fund's price target steady at ¥154,500, with only minor model tweaks to the discount rate, long term revenue growth, profit margin assumptions and future P/E used to support their updated view. Valuation Changes Fair Value: unchanged at ¥154,500, with no revision to the headline estimate.Narrative Update • Feb 25
3249: Higher Distributions And New Acquisitions Will Support Steady Outlook
Analysts have kept the Industrial & Infrastructure Fund price target broadly unchanged at ¥154,500, with only slight tweaks to inputs such as discount rate, profit margin and forward P/E to reflect updated assumptions in their valuation model. What's in the News Dividend guidance for the thirty eighth fiscal period ending July 2026 has been updated to JPY 4,000 per share, compared with the previous guidance of JPY 3,600 per share (Dividend Increases).Narrative Update • Feb 11
3249: Higher Distributions And New Property Investments Will Support Steady Outlook
Analysts have maintained the Industrial & Infrastructure Fund fair value target at ¥154,500. A slightly higher discount rate, along with revised revenue growth and profit margin assumptions, has resulted in a modestly higher implied future P/E of 21.17x, compared with 20.87x previously.Narrative Update • Jan 27
3249: Acquisitions And Higher Dividends Will Support Steady Fair Value Outlook
Analysts have adjusted their fair value estimate for the Industrial & Infrastructure Fund from $153,666.67 to $154,500.00, reflecting updated assumptions regarding revenue growth, profit margins, and future P/E expectations. What’s in the News Planned acquisition of IIF Funabashi Logistics Center II in Funabashi shi, Chiba, with an anticipated price of ¥9,123 million, appraisal value of ¥10,200 million, unrealized gain of ¥1,077 million, and NOI yield of 4.3% (3.9% after depreciation), scheduled for December 12, 2025 (Business Expansions).Narrative Update • Jan 12
3249: New Acquisitions And Higher Dividends Will Support Fairly Valued Outlook
Analysts have reaffirmed the Industrial & Infrastructure Fund's fair value at $153,666.67, with only small tweaks to assumptions, such as a slightly lower discount rate and a marginally revised future P/E. These changes reflect incremental updates to their long term outlook rather than a fundamental shift in view.Narrative Update • Dec 14
3249: Future Acquisitions And Dividend Payouts Will Support Fairly Valued Outlook
Analysts have modestly raised their price target on the Industrial and Infrastructure Fund, reflecting an updated fair value estimate that has increased from $149,833.33 to $153,666.67 as they factor in a slightly higher profit margin outlook along with marginally adjusted discount rates and valuation multiples. What's in the News Agreed acquisition of IIF Funabashi Logistics Center II in Chiba for JPY 9,123 million, below an appraisal value of JPY 10,200 million, resulting in an 11.8% unrealized gain and an NOI yield of 4.3% (Key Developments) Planned purchase of IIF Higashihiroshima Manufacturing Center for JPY 3,300 million versus a JPY 4,450 million appraisal, implying a 34.8% unrealized gain and a 6.0% NOI yield (Key Developments) Raised earnings guidance for the fiscal period ending July 31, 2026, with operating revenue now expected at JPY 23,380 million and net income at JPY 9,684 million, above prior forecasts (Key Developments) Multiple dividend upgrades, including guidance of JPY 4,310 per share for the period ending January 31, 2026 and JPY 4,000 per share for the following period ending July 31, 2026, indicating stronger distributable income (Key Developments) New strategic partnership structure JINUSHI KJRM GK with KKR Group, where IIF contributes land assets and retains a minority equity stake while a partner provides over 90% of equity, enhancing capital recycling capacity (Key Developments) Valuation Changes The consensus analyst price target fair value estimate has risen slightly, from ¥149,833.33 to ¥153,666.67, reflecting a modestly more optimistic outlook.Narrative Update • Nov 30
3249: Dividend Stability And Fair Value To Persist Amid Buyback And Raised Guidance
Analysts have made a slight adjustment to the Industrial & Infrastructure Fund’s price target, maintaining it near ¥149,833. Recent research supports stable fair value estimates and only marginal updates to key forecasts.Narrative Update • Nov 16
3249: Fair Value And Dividend Stability Expected Amid Modest Discount Rate Increase
Analysts have maintained their price target for Industrial & Infrastructure Fund at ¥149,833. They note that despite a modest increase in the discount rate and stable growth forecasts, the fund's fair value projection remains unchanged.Narrative Update • Oct 31
3249: Future Revenue Stability Will Rely On CPI-Linked Rents And Business Expansion
Analysts have increased their price target for Industrial & Infrastructure Fund Investment from ¥147,000 to ¥149,833. They cite improved discount rates, slight revenue growth, and marginally higher profit margins in their updated outlook.Narrative Update • Oct 17
Incorporating CPI-Linked Rents Will Maintain Real Rental Income
Analysts have raised their price target for the Industrial & Infrastructure Fund from ¥144,286 to ¥147,000, citing incremental improvements in profit margin and a slightly lower discount rate as key factors in the updated valuation. What's in the News The board approved a repurchase of its own investment units at the meeting on July 30, 2025 (Board Meeting) Buyback tranche completed with 7,755 shares repurchased for ¥999.92 million from August 1 to September 19, 2025 (Buyback Tranche Update) Earnings guidance revised upward for the fiscal period ending January 31, 2026, reflecting higher expected revenue and income figures compared to prior estimates (Corporate Guidance Raised) Dividend guidance increased to JPY 4,310 per share from JPY 3,480 per share for the same fiscal period (Dividend Increases) Acquisition of IIF Narashino Logistics Center I completed, with the facility achieving top environmental and energy efficiency certifications (Business Expansions) Valuation Changes Consensus Analyst Price Target has risen slightly from ¥144,286 to ¥147,000, reflecting updated market expectations.Narrative Update • Oct 03
Incorporating CPI-Linked Rents Will Maintain Real Rental Income
The analyst price target for the Industrial & Infrastructure Fund has increased by approximately $7,400 to $144,285, as analysts factor in a slightly higher discount rate along with more conservative projections for revenue growth and profit margins. What's in the News The company revised its earnings guidance for the period ending January 31, 2026, projecting higher operating revenue, operating income, and net income compared to its previous forecast (Key Developments).
New Narrative • Feb 09
Incorporating CPI-Linked Rents Will Maintain Real Rental Income
Strategic property acquisitions and CPI-linked rent clauses aim to maintain rental income and enhance revenue and net margins.Shareholder Returns
| 3249 | JP Industrial REITs | JP Market | |
|---|---|---|---|
| 7D | 1.3% | 3.2% | -3.0% |
| 1Y | 17.0% | 6.7% | 40.2% |
Return vs Industry: 3249 exceeded the JP Industrial REITs industry which returned 6.7% over the past year.
Return vs Market: 3249 underperformed the JP Market which returned 40.2% over the past year.
Price Volatility
| 3249 volatility | |
|---|---|
| 3249 Average Weekly Movement | 2.0% |
| Industrial REITs Industry Average Movement | 2.2% |
| Market Average Movement | 4.4% |
| 10% most volatile stocks in JP Market | 9.3% |
| 10% least volatile stocks in JP Market | 2.3% |
Stable Share Price: 3249 has not had significant price volatility in the past 3 months compared to the JP market.
Volatility Over Time: 3249's weekly volatility (2%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2007 | n/a | Keita Araki | www.iif-reit.com/english/ |
Industrial & Infrastructure Fund Investment Corporation became listed on the J-REIT market of the Tokyo Stock Exchange on October 18, 2007. Based on the principle of aiming to invest in social infrastructure as a source of power for the Japanese economy and support Japan’s industrial activities from a perspective of real estate, IIF invests and manages logistics facilities, manufacturing and research and development (R&D) facilities, and infrastructure facilities which play a vital role in various industrial activities as the only listed J-REIT specializing in industrial properties. IIF has continued to mark steady growth since it began investment operations in 2007 when it acquired nine properties for the total acquisition price of 66,000 million yen.
Industrial & Infrastructure Fund Investment Corporation Fundamentals Summary
| 3249 fundamental statistics | |
|---|---|
| Market cap | JP¥361.57b |
| Earnings (TTM) | JP¥20.26b |
| Revenue (TTM) | JP¥45.72b |
17.8x
P/E Ratio7.9x
P/S RatioIs 3249 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 3249 income statement (TTM) | |
|---|---|
| Revenue | JP¥45.72b |
| Cost of Revenue | JP¥22.90b |
| Gross Profit | JP¥22.81b |
| Other Expenses | JP¥2.55b |
| Earnings | JP¥20.26b |
Last Reported Earnings
Jan 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 8.01k |
| Gross Margin | 49.90% |
| Net Profit Margin | 44.32% |
| Debt/Equity Ratio | 118.8% |
How did 3249 perform over the long term?
See historical performance and comparisonDividends
5.4%
Current Dividend Yield53%
Payout RatioDoes 3249 pay a reliable dividends?
See 3249 dividend history and benchmarks| Industrial & Infrastructure Fund Investment dividend dates | |
|---|---|
| Ex Dividend Date | Jul 30 2026 |
| Dividend Pay Date | Oct 23 2026 |
| Days until Ex dividend | 29 days |
| Days until Dividend pay date | 114 days |
Does 3249 pay a reliable dividends?
See 3249 dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/30 13:57 |
| End of Day Share Price | 2026/06/30 00:00 |
| Earnings | 2026/01/31 |
| Annual Earnings | 2026/01/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Industrial & Infrastructure Fund Investment Corporation is covered by 15 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Junichi Tazawa | Barclays |
| Masashi Miki | Citigroup Inc |
| Masahiro Mochizuki | CLSA |