GLP J-REIT (TSE:3281) - Stock Price, News & Analysis

3281 Stock Overview

GLP J-REIT is a Japanese real estate investment corporation specializing in modern logistics facilities in Japan.

3281 fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	2/6
Financial Health	3/6
Dividends	4/6

Rewards

Trading at 0.9% below our estimate of its fair value

Analysts in good agreement that stock price will rise by 22.2%

Risk Analysis

Debt is not well covered by operating cash flow

Earnings are forecast to decline by an average of 2.2% per year for the next 3 years

Shareholders have been diluted in the past year

Dividend of 3.82% is not well covered by earnings

GLP J-REIT Competitors

Nippon Prologis REIT

TSE:3283

JP¥738.4b

Industrial & Infrastructure Fund Investment

TSE:3249

JP¥332.2b

Mitsui Fudosan Logistics Park

TSE:3471

JP¥267.2b

LaSalle LOGIPORT REIT

TSE:3466

JP¥290.5b

Price History & Performance

Summary of all time highs, changes and price drops for GLP J-REIT
Historical stock prices
Current Share Price	JP¥129,700.00
52 Week High	JP¥156,900.00
52 Week Low	JP¥116,500.00
Beta	0.38
1 Month Change	6.31%
3 Month Change	-4.98%
1 Year Change	-15.06%
3 Year Change	-29.16%
5 Year Change	8.44%
Change since IPO	103.93%

Recent updates

Shareholder Returns

	3281	JP Industrial REITs	JP Market
7D	4.0%	-1.3%	-2.2%
1Y	-15.1%	-13.7%	29.7%

Return vs Industry: 3281 underperformed the JP Industrial REITs industry which returned -13.7% over the past year.

Return vs Market: 3281 underperformed the JP Market which returned 29.7% over the past year.

Price Volatility

Is 3281's price volatile compared to industry and market?
3281 volatility
3281 Average Weekly Movement	3.3%
Industrial REITs Industry Average Movement	2.8%
Market Average Movement	4.0%
10% most volatile stocks in JP Market	8.3%
10% least volatile stocks in JP Market	2.2%

Stable Share Price: 3281 has not had significant price volatility in the past 3 months.

Volatility Over Time: 3281's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2011	n/a	Yoshiyuki Miura	www.glpjreit.com/

GLP J-REIT is a Japanese real estate investment corporation specializing in modern logistics facilities in Japan. GLP J-REIT was established on September 16, 2011 under the Act on Investment Trusts and Investment Corporations of Japan (hereinafter the "Investment Trust Act of Japan"). GLP J-REIT is externally managed by a licensed asset management company, GLP Japan Advisors Inc. (hereinafter "Asset Manager") which operates with support of GLP Capital Partners Japan Inc. (a 100% shareholder of the Asset Manager) based on the Sponsor Support Agreement.

GLP J-REIT Fundamentals Summary

How do GLP J-REIT's earnings and revenue compare to its market cap?
3281 fundamental statistics
Market cap	JP¥621.52b
Earnings (TTM)	JP¥26.74b
Revenue (TTM)	JP¥51.47b

23.8x

P/E Ratio

12.3x

P/S Ratio

Is 3281 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
3281 income statement (TTM)
Revenue	JP¥51.47b
Cost of Revenue	JP¥24.51b
Gross Profit	JP¥26.96b
Other Expenses	JP¥216.87m
Earnings	JP¥26.74b

Last Reported Earnings

Feb 29, 2024

Next Earnings Date

May 30, 2024

Earnings per share (EPS)	5.46k
Gross Margin	52.38%
Net Profit Margin	51.95%
Debt/Equity Ratio	85.2%

How did 3281 perform over the long term?

See historical performance and comparison

Dividends

3.8%

Current Dividend Yield

185%

Payout Ratio

Does 3281 pay a reliable dividends?

See 3281 dividend history and benchmarks

When do you need to buy 3281 by to receive an upcoming dividend?
GLP J-REIT dividend dates
Ex Dividend Date	Aug 29 2024
Dividend Pay Date	Nov 18 2024
Days until Ex dividend	133 days
Days until Dividend pay date	214 days

Does 3281 pay a reliable dividends?

See 3281 dividend history and benchmarks

3281 Stock Overview

Rewards

Risk Analysis

GLP J-REIT Competitors

TSE:3283

JP¥738.4b

TSE:3249

JP¥332.2b

TSE:3471

JP¥267.2b

TSE:3466

JP¥290.5b

Price History & Performance

Recent News & Updates

Full year 2024 earnings released: EPS: JP¥5,489 (vs JP¥6,472 in FY 2023)

GLP J-REIT, Annual General Meeting, May 20, 2024

GLP J-REIT to Report Second Half, 2024 Results on May 30, 2024

Upcoming dividend of JP¥2,753 per share

GLP J-REIT (TSE:3281) announces an Equity Buyback for 27,600 shares, representing 0.56% for ¥4,000 million.

GLP J-REIT (TSE:3281) announces an Equity Buyback for 27,600 shares, representing 0.56% for ¥4,000 million.

Recent updates

Full year 2024 earnings released: EPS: JP¥5,489 (vs JP¥6,472 in FY 2023)

GLP J-REIT, Annual General Meeting, May 20, 2024

GLP J-REIT to Report Second Half, 2024 Results on May 30, 2024

Upcoming dividend of JP¥2,753 per share

GLP J-REIT (TSE:3281) announces an Equity Buyback for 27,600 shares, representing 0.56% for ¥4,000 million.

GLP J-REIT (TSE:3281) announces an Equity Buyback for 27,600 shares, representing 0.56% for ¥4,000 million.

New minor risk - Earnings quality

First half 2024 earnings released: EPS: JP¥2,907 (vs JP¥3,665 in 1H 2023)

GLP J-REIT Announces Distribution for the Period Ended August 31, 2020, Payable on November 17, 2023

An unknown buyer acquired GLP Morioka from GLP J-REIT for ¥750 million

Upcoming dividend of JP¥3,199 per share at 3.4% yield

New minor risk - Earnings quality

Full year 2023 earnings released: EPS: JP¥5,644 (vs JP¥3,794 in FY 2022)

GLP J-REIT (TSE:3281) completed the acquisition of GLP Fukuoka Kasuya from SMFL MIRAI Partners Company, Limited.

GLP J-REIT (TSE:3281) agreed to acquire a 30% stake in GLP ALFALINK Sagamihara 4 from Aries G.K. for ¥19.4 billion.

Full year 2023 earnings released: EPS: JP¥6,472 (vs JP¥3,794 in FY 2022)

No independent directors

Upcoming dividend of JP¥3,063 per share at 3.7% yield

GLP J-REIT Revises Earnings Guidance for the Period Ending February 28, 2023

No independent directors

GLP J-REIT (TSE:3281) acquired GLP Joso, GLP Kitamoto, GLP Amagasaki III, GLP Yasu, GLP Suzukaon and 30% interest in GLP Zama from Reo GK and Suzuka Holdings GK.

GLP J-REIT (TSE:3281) agreed to acquire GLP Joso, GLP Kitamoto, GLP Amagasaki III, GLP Yasu, GLP Suzukaon and 30% interest in GLP Zama from Reo GK and Suzuka Holdings GK for ¥63 billion.

First half 2023 earnings released

Upcoming dividend of JP¥3,021 per share

Full year 2022 earnings released: EPS: JP¥3,794 (vs JP¥5,262 in FY 2021)

GLP J-REIT Announces Board Appointments

No independent directors

Full year 2022 earnings released: EPS: JP¥4,568 (vs JP¥5,262 in FY 2021)

GLP J-REIT Provides Earnings Guidance for the Period Ending August 31, 2022 and February 28, 2023

Glp J-Reit Declares Distribution for the Period Ended February 28, 2022, Payable on May 20, 2022

GLP J-REIT Revises Earnings Guidance for the Fiscal Periods Ending February 28, 2022 and August 31, 2022

Upcoming dividend of JP¥3,069 per share

GLP J-REIT to Report Fiscal Year 2022 Results on Apr 13, 2022

GLP J-REIT Revises Earnings Guidance for the Fiscal Periods Ending February 28, 2022 and Ending August 31, 2022

First half 2022 earnings released: EPS JP¥2,680 (vs JP¥2,495 in 1H 2021)

Upcoming dividend of JP¥3,035 per share

GLP J-REIT (TSE:3281) completed the acquisition of GLP Niiza, GLP Sayama Hidaka I, GLP Rokko IV and a 70% interest in GLP Zama from SNZ Properties GK and an undisclosed seller.

GLP J-REIT (TSE:3281) agreed to acquire GLP Niiza, GLP Sayama Hidaka I, GLP Rokko IV and a 70% interest in GLP Zama from SNZ Properties GK and an undisclosed seller for ¥49.3 billion.

SMFL Mirai Partners Co., Ltd. acquired Real Estate Beneficiary Trust in GLP Okegawa from GLP J-REIT (TSE:3281) for ¥3.6 billion.

Full year 2021 earnings released: EPS JP¥5,131 (vs JP¥4,823 in FY 2020)

GLP J-REIT Provides Earnings Forecast for the Fiscal Periods Ending August 31, 2021 and February 28, 2022

GLP J-REIT to Report Fiscal Year 2021 Results on Apr 14, 2021

New 90-day high: JP¥177,600

New 90-day high: JP¥172,000

New 90-day high: JP¥167,700

GLP J-REIT Revises Earnings Guidance for the Fiscal Periods Ending February 28, 2021 and Ending August 31, 2021

GLP J-REIT Revises Earnings Guidance For the Six Months Ending February 28, 2021

GLP J-REIT to Report Fiscal Year 2020 Results on Oct 13, 2020

GLP J-REIT (TSE:3281) completed the acquisition GLP Funabashi IV from Blue Logistics 5 GK.

GLP J-REIT (TSE:3281) agreed to acquire GLP Funabashi IV from Blue Logistics 5 GK for ¥7.7 billion.

Shareholder Returns

Price Volatility

About the Company

GLP J-REIT Fundamentals Summary

23.8x

12.3x

Earnings & Revenue

Dividends

3.8%