Loading…
Logistics-only J-REIT owning modern warehouses, sponsored by LaSalle Investment Management (JLL's investment arm).
Logistics-only J-REIT owning modern warehouses, sponsored by LaSalle Investment Management (JLL's investment arm).
Collects rent from warehouse tenants; most buildings are leased to several tenants at once, which spreads the risk of vacancy. Like other J-REITs it pays out nearly all income to unitholders, and it grows by buying buildings from LaSalle's pipeline, funded by new units and borrowing.
In one line: LaSalle's Japan-listed logistics REIT.
Moat: narrow (regulatory licence, distribution). Sponsor LaSalle's global logistics sourcing network feeds the acquisition pipeline.
Headquarters: Tokyo, Japan · Founded: 2016
Size LaSalle LOGIPORT REIT (3466.T) is a Japan Real Estate company (Real Estate Investment Trusts) with a market value of $1.45B, the 584th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥137,500 on 6 Nov 2026.
Performance Over six months the shares fell 9.8%, against -5.5% for the median peer and +1.8% for the Japan market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue grew 71.2% over the last twelve months (peer median +3.0%); the operating margin is 28.5% (peer median 51.2%).
Valuation It trades at 17.3× forward earnings against a peer median of 16.1× (7th most expensive of 16).
Next results Next results expected around 15 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | ¥50.0B | ¥50.0B | ¥26.0B | ¥25.9B | ¥22.2B |
| Revenue growth | — | +92% | 0% | +17% | — |
| Gross profit | ¥14.7B | ¥14.7B | ¥14.7B | ¥14.6B | ¥11.6B |
| EBITDA | ¥17.2B | ¥17.2B | ¥17.5B | ¥17.4B | ¥14.3B |
| Net income | ¥12.5B | ¥12.5B | ¥12.9B | ¥12.9B | ¥10.2B |
| Free cash flow | ¥38.9B | ¥38.9B | ¥25.2B | ¥19.2B | -¥11.9B |
| Capital expenditure | ¥1.31B | ¥1.31B | ¥830M | ¥4.77B | ¥24.4B |
| Total debt | n/a | ¥171B | ¥171B | ¥171B | ¥171B |
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 |
|---|---|---|---|---|---|---|
| LaSalle LOGIPORT REIT 3466.T | $1.45B | -10% | +71% | 28% | 17.3× | 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 |
| Japan Logistics Fund 8967.T | $1.52B | -8% | +3% | 53% | 21.0× | 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 | 3466.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.2% | +0.5% | 3rd lowest of 21 |
| 6-month return | -9.8% | -5.5% | 8th lowest of 21 |
| Distance from 52-week high | -16.1% | -17.8% | 8th highest of 21 |
| Revenue growth (TTM) | +71.2% | +3.0% | highest of 20 |
| Operating margin | 28.5% | 51.2% | 4th lowest of 20 |
| Forward P/E | 17.3× | 16.1× | 7th most expensive of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| LaSalle LOGIPORT REIT 3466.T | Japan | $1.45B | -10% | +71% | 28% | 17.3× | n/a | n/a |
| Centurion Accommodation REIT 8C8U.SI | Singapore | $1.45B | -3% | -69% | 51% | 20.9× | n/a | n/a |
| Emperador Properties SOCIMI YEPSA.MC | Spain | $1.44B | +14% | +7% | 46% | n/a | n/a | n/a |
| Ellington Financial EFC | United States | $1.45B | -17% | +30% | 81% | 5.9× | n/a | n/a |
| Lendlease Global Commercial REIT JYEU.SI | Singapore | $1.44B | -3% | +4% | 67% | 16.1× | n/a | n/a |
| Empire State Realty OP LP Series ES ESBA | United States | $1.46B | -6% | +2% | 16% | n/a | n/a | n/a |
| CBL & Associates Properties CBL | United States | $1.46B | 0% | +9% | 28% | 14.6× | n/a | n/a |
| Ingenia Communities INA.AX | Australia | $1.48B | +36% | +8% | 29% | 14.4× | n/a | n/a |
| MORI TRUST REIT.Inc 8961.T | Japan | $1.48B | -13% | -14% | 64% | 18.0× | n/a | n/a |
| CNAMC China Resources Commercial Asset Closed Infrastructure Real Estate Investment Trust 180601.SZ | China | $1.41B | -6% | n/a | n/a | 24.8× | n/a | n/a |
| OUE Real Estate Investment Trust TS0U.SI | Singapore | $1.50B | -5% | +7% | 73% | 16.2× | n/a | n/a |
| Killam Apartment REIT KMP-UN.TO | Canada | $1.51B | -3% | +5% | 63% | 11.0× | n/a | n/a |
| Innovative Industrial Properties IIPR | United States | $1.51B | -4% | -4% | 47% | 13.4× | n/a | n/a |
| Japan Logistics Fund 8967.T | Japan | $1.52B | -8% | +3% | 53% | 21.0× | n/a | n/a |
| Mori Hills Reit Investment 3234.T | Japan | $1.36B | -14% | -1% | 54% | 18.9× | n/a | n/a |
| Supermarket Income REIT SUPR.L | United Kingdom | $1.54B | +4% | -7% | 81% | 13.3× | n/a | n/a |
| AEON REIT Investment 3292.T | Japan | $1.36B | -19% | +1% | 35% | n/a | n/a | n/a |
| Comforia Residential REIT 3282.T | Japan | $1.36B | -20% | +17% | 41% | n/a | n/a | n/a |
| Esr-reit 9A4U.SI | Singapore | $1.33B | -14% | +5% | 71% | 10.6× | n/a | n/a |
| American Assets Trust AAT | United States | $1.32B | +2% | -8% | 24% | 59.8× | n/a | n/a |
| Global Net Lease GNL | United States | $1.58B | -26% | -30% | 35% | n/a | n/a | n/a |