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Mitsubishi Estate Logistics REIT Investment TSE:3481 Stock Report

Last Price

JP¥347.50k

Market Cap

JP¥172.2b

7D

3.7%

1Y

-6.5%

Updated

26 Dec, 2024

Data

Company Financials

Mitsubishi Estate Logistics REIT Investment Corporation

TSE:3481 Stock Report

Market Cap: JP¥172.2b

3481 Stock Overview

Mitsubishi Estate Logistics REIT Investment Corporation (“MEL”) was established on July 14, 2016 under the “Act on Investment Trust and Investment Corporation” (“Investment Trust Law”), and was listed on the REIT Securities Market of the Tokyo Stock Exchange on September 14, 2017 (securities code: 3481). More details

3481 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance5/6
Financial Health1/6
Dividends4/6

Rewards

Trading at 75.3% below our estimate of its fair value

Earnings grew by 37.9% over the past year

Analysts in good agreement that stock price will rise by 24.9%

Risk Analysis

Debt is not well covered by operating cash flow


My Notes

Capture your thoughts, links and company narrative

Mitsubishi Estate Logistics REIT Investment Corporation Competitors

Japan Logistics Fund

TSE:8967

JP¥242.0b

LaSalle LOGIPORT REIT

TSE:3466

JP¥258.3b

Mitsui Fudosan Logistics Park

TSE:3471

JP¥320.4b

Industrial & Infrastructure Fund Investment

TSE:3249

JP¥286.3b

Price History & Performance

Summary of share price highs, lows and changes for Mitsubishi Estate Logistics REIT Investment
Historical stock prices
Current Share PriceJP¥347,500.00
52 Week HighJP¥409,500.00
52 Week LowJP¥335,000.00
Beta0.25
1 Month Change-1.00%
3 Month Change-8.19%
1 Year Change-6.46%
3 Year Change-33.68%
5 Year Change-2.52%
Change since IPO24.55%

Recent News & Updates

Recent updates

Shareholder Returns

3481JP Industrial REITsJP Market
7D3.7%0.6%0.5%
1Y-6.5%-11.4%13.6%

Return vs Industry: 3481 exceeded the JP Industrial REITs industry which returned -11.4% over the past year.

Return vs Market: 3481 underperformed the JP Market which returned 13.6% over the past year.

Price Volatility

Is 3481's price volatile compared to industry and market?
3481 volatility
3481 Average Weekly Movement1.7%
Industrial REITs Industry Average Movement1.8%
Market Average Movement3.6%
10% most volatile stocks in JP Market7.3%
10% least volatile stocks in JP Market1.9%

Stable Share Price: 3481 has not had significant price volatility in the past 3 months compared to the JP market.

Volatility Over Time: 3481's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2016n/aTetsuya Masudawww.mel-reit.co.jp

Mitsubishi Estate Logistics REIT Investment Corporation (“MEL”) was established on July 14, 2016 under the “Act on Investment Trust and Investment Corporation” (“Investment Trust Law”), and was listed on the REIT Securities Market of the Tokyo Stock Exchange on September 14, 2017 (securities code: 3481). MEL focuses on investing in logistics facilities as a listed real estate investment corporation. Mitsubishi Estate Co., Ltd.

Mitsubishi Estate Logistics REIT Investment Corporation Fundamentals Summary

How do Mitsubishi Estate Logistics REIT Investment's earnings and revenue compare to its market cap?
3481 fundamental statistics
Market capJP¥172.19b
Earnings (TTM)JP¥9.67b
Revenue (TTM)JP¥18.34b

18.1x

P/E Ratio

9.5x

P/S Ratio

Is 3481 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
3481 income statement (TTM)
RevenueJP¥18.34b
Cost of RevenueJP¥7.46b
Gross ProfitJP¥10.87b
Other ExpensesJP¥1.21b
EarningsJP¥9.67b

Last Reported Earnings

Aug 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)19.20k
Gross Margin59.30%
Net Profit Margin52.73%
Debt/Equity Ratio70.5%

How did 3481 perform over the long term?

See historical performance and comparison

Dividends

5.1%

Current Dividend Yield

38%

Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 14:07
End of Day Share Price 2024/12/26 00:00
Earnings2024/08/31
Annual Earnings2024/08/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

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 .

Analyst Sources

Mitsubishi Estate Logistics REIT Investment Corporation is covered by 6 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Noritaka HoboDaiwa Securities Co. Ltd.
Yasuhiro IshiiMitsubishi UFJ Morgan Stanley Securities Company Limited
Yosuke OhataMizuho Securities Co., Ltd.