Mitsubishi Estate Logistics REIT Investment Corp
Mitsubishi Estate Logistics REIT Investment Corp owns, manages, and develops logistics real estate properties in Japan, generating income primarily through rental revenue from industrial and commercial tenants.
Business. Mitsubishi Estate Logistics REIT Investment Corp (3481.T) is a commercial real estate investment trust listed on the Tokyo Stock Exchange. The company operates within the Real Estate sector, specifically focusing on the Commercial REITs industry. It generates revenue primarily through rental income from its property portfolio. Specific details regarding operating segments or geographic concentrations are not provided in the available data.
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6 analysts · consensus HoldAt a glance
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
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Mitsubishi Estate Logistics REIT Investment Corp (3481.T) is a commercial real estate investment trust listed on the Tokyo Stock Exchange. The company operates within the Real Estate sector, specifically focusing on the Commercial REITs industry. It generates revenue primarily through rental income from its property portfolio. Specific details regarding operating segments or geographic concentrations are not provided in the available data.
The company maintains a debt-to-equity ratio of 0.78, indicating a moderate leverage position relative to its equity base. Its liquidity position is characterized by a current ratio of 0.68, suggesting limited short-term liquidity coverage, and a negative net cash position after subtracting total debt. The free cash flow is negative at -12,709,263,000 JPY, driven by capital expenditures of -11,714,896,000 JPY, which reflects ongoing investment in its logistics property portfolio.
Profitability metrics show a return on equity (ROE) of 5.5% and a return on assets (ROA) of 2.99%, which are below the industry median for commercial REITs. The operating margin of 54.5% (calculated as operating income of 9,351,841,000 JPY divided by revenue of 17,149,389,000 JPY) is strong but must be weighed against the company's capital-intensive business model.
The company's revenue is concentrated in Japan, with no disclosed international operations, and its property portfolio is focused on logistics and industrial real estate. No material segment disclosures are available, but the company's exposure to domestic economic conditions and real estate demand is significant.
The company's revenue growth trajectory is not explicitly outlined in the available data, but the negative free cash flow and capital expenditures suggest a strategy of portfolio expansion or asset enhancement. Analysts have assigned a mean price target of 138,400 JPY, with a median of 139,000 JPY, indicating a generally neutral outlook.
The risk assessment highlights medium liquidity risk due to the current ratio and negative net cash position. Dilution risk is assessed as low, with no near-term pressure expected. The company's capital structure includes 122,719,000,000 JPY in long-term debt, which could become a concern if interest rates rise or if rental income growth slows.
Recent events include the publication of the latest financial results, which show a net income of 8,600,017,000 JPY and total assets of 287,596,428,000 JPY. No material regulatory or legal events were disclosed in the available data.
- The company maintains a moderate debt-to-equity ratio of 0.78, indicating a balanced capital structure.
- Free cash flow is negative at -12,709,263,000 JPY, driven by capital expenditures of -11,714,896,000 JPY.
- Return on equity (ROE) of 5.5% and return on assets (ROA) of 2.99% are below the industry median for commercial REITs.
- The company's revenue is concentrated in Japan, with no material international operations disclosed.
- Analysts have assigned a mean price target of 138,400 JPY, with a median of 139,000 JPY, indicating a generally neutral outlook.
- Liquidity risk is assessed as medium due to a current ratio of 0.68 and a negative net cash position.
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Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 5 369,00 |
| Revenue | —no estimate | —no estimate | 16,6B JPY |
| Operating income | —no estimate | —no estimate | —no estimate |
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- Net cash is negative after subtracting total debt.
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- Mitsubishi Estate Logistics REIT Investment Corp Market data — financials · 2026-05-26
- Mitsubishi Estate Logistics REIT Investment Corp Market data — analyst estimates · 2026-05-26