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Industrial and logistics J-REIT owning warehouses and infrastructure facilities, sponsored by Mitsubishi Corp-UBS Realty.
Industrial and logistics J-REIT owning warehouses and infrastructure facilities, sponsored by Mitsubishi Corp-UBS Realty.
Collects rent from warehouse and distribution-centre tenants, mostly under multi-year leases, and pays most of that income out to unitholders, as J-REITs (listed Japanese real-estate funds) do. It has no staff of its own; an asset manager affiliated with the sponsor runs it.
In one line: A niche industrial/logistics REIT, akin to a small STAG Industrial.
Moat: narrow (regulatory licence, scale). Sponsor's sourcing network gives access to logistics and infrastructure-type property deals.
Headquarters: Tokyo, Japan · Founded: 2007
Size Industrial & Infrastructure Fund Investment (3249.T) is a Japan Real Estate company (Real Estate Investment Trusts) with a market value of $2.07B, the 470th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥129,000 on 6 Nov 2026.
Performance Over six months the shares fell 11.6%, against -2.2% for the median peer and +1.8% for the Japan market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue grew 36.1% over the last twelve months (peer median +4.1%); the operating margin is 37.3% (peer median 38.1%).
Valuation It trades at 16.8× forward earnings against a peer median of 23.1× (5th cheapest of 20).
Next results Next results expected around 17 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | ¥64.2B | ¥64.2B | ¥47.2B | ¥50.5B | ¥39.2B |
| Revenue growth | — | +36% | -7% | +29% | — |
| Gross profit | ¥25.1B | ¥25.1B | ¥21.4B | ¥19.2B | ¥15.9B |
| EBITDA | ¥29.6B | ¥29.6B | ¥26.2B | ¥23.3B | ¥19.8B |
| Net income | ¥20.9B | ¥20.9B | ¥18.1B | ¥15.9B | ¥13.4B |
| Free cash flow | ¥12.1B | ¥12.1B | ¥12.2B | -¥94.9B | -¥2.35B |
| Capital expenditure | ¥30.2B | ¥30.2B | ¥16.5B | ¥124B | ¥21.8B |
| Total debt | n/a | ¥298B | ¥281B | ¥282B | ¥212B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Industrial & Infrastructure Fund Investment 3249.T | $2.07B | -12% | +36% | 37% | 16.8× | n/a |
| Japan Logistics Fund 8967.T | $1.52B | -8% | +3% | 53% | 21.0× | n/a |
| Glp J-reit 3281.T | $4.00B | -2% | -6% | 45% | 22.5× | n/a |
| Nippon Prologis REIT 3283.T | $4.37B | -8% | +9% | 44% | 23.2× | n/a |
| Mitsui Fudosan Logistics Park 3471.T | $2.00B | -13% | +156% | 28% | 23.1× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 3249.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.5% | +5.6% | 6th lowest of 21 |
| 6-month return | -11.6% | -2.2% | 6th lowest of 21 |
| Distance from 52-week high | -18.8% | -8.9% | 6th lowest of 21 |
| Revenue growth (TTM) | +36.1% | +4.1% | 2nd highest of 21 |
| Operating margin | 37.3% | 38.1% | 9th lowest of 20 |
| Forward P/E | 16.8× | 23.1× | 5th cheapest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Industrial & Infrastructure Fund Investment 3249.T | Japan | $2.07B | -12% | +36% | 37% | 16.8× | n/a | n/a |
| Parkway Life Real Estate Investment Trust C2PU.SI | Singapore | $2.05B | 0% | +3% | 82% | 22.2× | n/a | n/a |
| Aroundtown AT1.DE | Germany | $2.04B | -32% | +1% | 60% | 5.9× | n/a | n/a |
| Primaris Real Estate Investment Trust PMZ-UN.TO | Canada | $2.11B | +21% | +18% | 38% | 26.6× | n/a | n/a |
| BWP Trust BWP.AX | Australia | $2.01B | -2% | +2% | 87% | 19.2× | n/a | n/a |
| Mitsui Fudosan Logistics Park 3471.T | Japan | $2.00B | -13% | +156% | 28% | 23.1× | n/a | n/a |
| Xenia Hotels & Resorts XHR | United States | $1.97B | +26% | +4% | 8% | 36.9× | n/a | n/a |
| Boardwalk Real Estate Investment Trust BEI-UN.TO | Canada | $2.21B | -5% | +3% | 62% | 63.1× | n/a | n/a |
| Crombie Real Estate Investment Trust CRR-UN.TO | Canada | $2.22B | -3% | +4% | 42% | 26.3× | n/a | n/a |
| RLJ Lodging Trust RLJ | United States | $1.92B | +40% | +1% | 10% | 700.2× | n/a | n/a |
| Getty Realty GTY | United States | $1.92B | -14% | +11% | 59% | 20.1× | n/a | n/a |
| Activia Properties 3279.T | Japan | $1.90B | -10% | +24% | 47% | 18.1× | n/a | n/a |
| Great Portland Estates GPE.L | United Kingdom | $1.90B | +17% | +24% | 21% | 34.7× | n/a | n/a |
| Region RGN.AX | Australia | $1.89B | +6% | +30% | 45% | 14.4× | n/a | n/a |
| ARMOUR Residential REIT ARR | United States | $1.87B | -29% | -140% | n/a | 4.5× | n/a | n/a |
| SmartStop Self Storage REIT SMA | United States | $2.31B | +20% | +21% | 22% | 56.3× | n/a | n/a |
| Blackstone Mortgage Trust BXMT | United States | $1.85B | -42% | -2% | 36% | 9.2× | n/a | n/a |
| Sunstone Hotel Investors SHO | United States | $2.33B | +19% | +7% | 10% | 59.0× | n/a | n/a |
| Pebblebrook Hotel Trust PEB | United States | $2.36B | +43% | +3% | 9% | n/a | n/a | n/a |
| NETSTREIT NTST | United States | $2.37B | -9% | +27% | 37% | 44.6× | n/a | n/a |
| Japan Prime Realty Investment 8955.T | Japan | $2.37B | -7% | -13% | 39% | 21.2× | n/a | n/a |