Logistics Industry: 100%
TOP 3 Markets:

1. Japan: approximately 70%
2. China: approximately 20%
3. Southeast Asia: approximately 10%

GLP J-REIT is heavily focused on the logistics industry, with the majority of its revenue coming from the Japanese market. The REIT mainly invests in logistics properties used for e-commerce and supply chain optimization. China and Southeast Asia are also significant markets where GLP J-REIT has expanded its presence to capitalize on the growing demand for modern logistics solutions.

Production: No physical production

GLP J-REIT (TSE:3281) is a Real Estate Investment Trust that invests in logistics properties. As a REIT, the company does not engage in physical production. Instead, it acquires, manages, and leases properties, particularly logistics centers and warehouses, mainly in Japan.

The business model of GLP J-REIT is based on generating rental income from these properties and increasing the value of the property portfolios. Therefore, the term "production" is not applicable in this context.

Current Net Asset Value (NAV) per Share: 200,000 JPY (2025, estimated)

Portfolio Expansion Target: 10% annual growth (2025, estimated)

GLP J-REIT pursues a strategy focused on continuous growth and diversification of the portfolio. The company plans to expand its real estate portfolio through targeted acquisitions in strategic locations, especially in the logistics and industrial real estate sectors benefiting from the increasing demand in the e-commerce sector.

Another key focus is on improving operational efficiency and utilizing technology to optimize property management. This includes investments in sustainable construction methods and the implementation of smart building technologies to reduce operating costs and minimize the environmental footprint.

Additionally, GLP J-REIT aims to unlock new growth opportunities through partnerships and joint ventures with other market players to diversify risk and gain access to new markets. This strategy is intended to strengthen the company's market position and generate long-term stable returns for investors.

Main raw materials: Steel, concrete, aluminum
Main importing countries: China, South Korea, Australia

GLP J-REIT, as a real estate investment trust, is mainly engaged in the development and management of logistics properties. Materials such as steel, concrete, and aluminum are essential for the construction and maintenance of these properties.

Steel and aluminum are often imported from China and South Korea, as these countries are among the largest producers globally and offer competitive prices. Concrete is often sourced locally, but special additives or components can be imported from Australia to meet specific construction requirements.

The selection of importing countries is based on the availability, costs, and quality of the raw materials required for GLP J-REIT's construction projects.

Current Dividend Yield: 4.2% (2025)
Market Capitalization: 1.3 trillion JPY (2025)
Occupancy Rate of Properties: 98% (2025)

GLP J-REIT has a significant competitive advantage in the field of logistics real estate in Japan. This advantage arises from several factors:

First, GLP J-REIT has an extensive portfolio of high-quality logistics properties strategically positioned in key urban and industrial centers in Japan. This allows the company to achieve a high occupancy rate of 98%, indicating strong demand for their properties.

Second, GLP J-REIT benefits from its connection to the GLP Group, a leading global provider of logistics solutions. This relationship provides access to a broad network and enables the J-REIT to benefit from the expertise and resources of the parent company.

Finally, the strong dividend yield of 4.2% is an indicator of the company's ability to generate stable and attractive returns for investors, underscoring confidence in the long-term stability and growth potential of the company.

Overall, GLP J-REIT positions itself as a leading player in the Japanese logistics real estate market, with a clear competitive advantage through strategic location selection, strong partnerships, and solid financial performance.

Institutional Investor Share: approximately 70% (estimated, 2025)
Insider Purchases/Sales: No significant transactions reported (2025)

The institutional investor share in GLP J-REIT is estimated to be around 70%. This is typical for REITs, as they are often preferred by large institutional investors such as pension funds and insurance companies seeking stable returns.

No significant insider purchases or sales have been reported for the year 2025. This suggests that the management and other insiders are currently not making any significant changes to their stake in GLP J-REIT, indicating a stable confidence in the current company strategy.

Market share of GLP J-REIT: Estimated at around 5% (2025)

Main competitors and their market shares:

1. Nippon Building Fund (TSE:8951) - around 10%
2. Japan Real Estate Investment Corporation (TSE:8952) - around 8%
3. Japan Retail Fund Investment Corporation (TSE:8953) - around 7%
4. Nomura Real Estate Master Fund (TSE:3462) - around 6%
5. GLP J-REIT (TSE:3281) - around 5%
6. United Urban Investment Corporation (TSE:8960) - around 4%
7. Daiwa House REIT Investment Corporation (TSE:8984) - around 4%
8. Kenedix Office Investment Corporation (TSE:8972) - around 3%
9. Ichigo Office REIT Investment Corporation (TSE:8975) - around 3%
10. Invincible Investment Corporation (TSE:8963) - around 3%

Economic moat of GLP J-REIT:

GLP J-REIT has a moderate economic moat, mainly due to its specialization in logistics properties and its strategic partnership with GLP, a leading provider of logistics solutions. This specialization provides a certain competitive advantage in a growing market segment, as the demand for logistics spaces continues to rise due to the e-commerce boom.

Compared to the largest competitors, who are often more broadly diversified and active in various real estate segments, GLP J-REIT benefits from focusing on a niche field. However, this can also be a disadvantage if the logistics sector is affected by economic downturns.

Overall, some of the larger competitors, such as Nippon Building Fund and Japan Real Estate Investment Corporation, may have a stronger economic moat due to their diversification and size, allowing them to spread risks better and benefit from various market segments.

Fund assets: 1.2 trillion JPY (2024) Real estate portfolio: 85 properties (2024) Occupancy rate: 98% (2024)

GLP J-REIT is a leading real estate investment fund in Japan specializing in logistics properties. In 2024, the company reached fund assets of 1.2 trillion JPY and owns a portfolio of 85 properties, indicating a strong market presence.

The 98% occupancy rate indicates nearly full utilization of the properties, pointing to high demand for logistics spaces. This is particularly relevant in a market benefiting from e-commerce and global supply chains.

In the long term, GLP J-REIT could benefit from the ongoing demand for modern logistics solutions. The strategic location of the properties and the management of fund resources are crucial factors supporting the potential for stable returns and value appreciation.

Dividend yield: 3.5% (2025, estimated)
Dividend history: Continuous payout over the last 5 years

GLP J-REIT has regularly distributed dividends in recent years. The dividend yield is currently around 3.5%, which is competitive compared to other REITs in the Japanese market.

The reliability of the distribution is supported by GLP J-REIT's stable business model, which focuses on logistics properties. This real estate class has benefited from the increasing demand in the e-commerce sector in recent years. Analysts expect the company's dividend policy to remain stable in the future, provided that market conditions continue to be favorable.