CRE Logistics REIT (TSE:3487) Days Payable: 49.21 (As of Dec. 2025) — 73% Above Median


TSE:3487 CRE Logistics REIT Inc TSE:3487
67 GF Score
Price 円142,100.00
GF Value 円154,282.03
Valuation Fairly Valued
! 8 Warning Signs
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What is CRE Logistics REIT Days Payable?

CRE Logistics REIT TSE:3487 +1.50% 67 Days Payable is 49.21 as of Dec. 2025, which is 73% above its 10-year median of 28.50. GuruFocus rates TSE:3487 with a GF Score™ of 67/100 and a GF Value™ of 円154,282.03 (Fairly Valued). The stock has 8 warning signs investors should review. Among 548 REITs companies, CRE Logistics REIT ranks worse than 74.64% on this metric.

CRE Logistics REIT's average Accounts Payable for the six months ended in Dec. 2025 was 円441 Mil. CRE Logistics REIT's Cost of Goods Sold for the six months ended in Dec. 2025 was 円1,635 Mil. Hence, CRE Logistics REIT's Days Payable for the six months ended in Dec. 2025 was 49.21.

The historical rank and industry rank for CRE Logistics REIT's Days Payable or its related term are showing as below:

TSE:3487' s Days Payable Range Over the Past 10 Years
Min: 24.62   Med: 28.5   Max: 44.07
Current: 44.07

During the past 9 years, CRE Logistics REIT's highest Days Payable was 44.07. The lowest was 24.62. And the median was 28.50.

TSE:3487's Days Payable is ranked worse than
74.64% of 548 companies
in the REITs industry
Industry Median: 119.45 vs TSE:3487: 44.07

CRE Logistics REIT's Days Payable increased from Dec. 2024 (33.78) to Dec. 2025 (49.21). It may suggest that CRE Logistics REIT delayed paying its suppliers.


CRE Logistics REIT Days Payable Historical Data

* Premium members only.

The historical data trend for CRE Logistics REIT's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

CRE Logistics REIT Days Payable Chart

CRE Logistics REIT Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only 25.13 26.52 28.67 30.65 41.54

CRE Logistics REIT Semi-Annual Data
Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 30.15 30.82 33.78 41.48 49.21

TSE:3487 vs VICI, WPC: Days Payable Comparison

For the REIT - Diversified subindustry, CRE Logistics REIT's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


CRE Logistics REIT Days Payable vs REITs Industry

For the REITs industry and Real Estate sector, CRE Logistics REIT's Days Payable distribution charts can be found below:

* The bar in red indicates where CRE Logistics REIT's Days Payable falls into.


TSE:3487
67GF Score
CRE Logistics REIT Inc TSE:3487
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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CRE Logistics REIT Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

CRE Logistics REIT's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (304.728 + 440.812) / 2 ) / 3275.159*365
=372.77 / 3275.159*365
=41.54

CRE Logistics REIT's Days Payable for the quarter that ended in Dec. 2025 is calculated as:

Days Payable (Q: Dec. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2025 ) + Accounts Payable (Q: Dec. 2025 )) / count ) / Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=( (440.812 + 440.812) / 2 ) / 1634.909*365 / 2
=440.812 / 1634.909*365 / 2
=49.21

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 49.21 mean?
CRE Logistics REIT (TSE:3487) has a Days Payable of 49.21 as of Dec. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on CRE Logistics REIT and its competitors. This is 73% above median its historical median of 28.50. Over the past decade, CRE Logistics REIT's Days Payable has ranged from 24.62 to 44.07. According to the industry distribution chart, CRE Logistics REIT ranks #409 out of 548 companies in the REITs industry, placing it in the top 74.6%.
Is CRE Logistics REIT's Days Payable too high?
CRE Logistics REIT's current Days Payable of 49.21 is 73% above median its 10-year median of 28.50. Over the past 10 years, this metric has ranged from a low of 24.62 to a high of 44.07. The REITs industry median Days Payable is 119.45. CRE Logistics REIT's value of 49.21 is 58.8% below this industry median. Based on the distribution chart, CRE Logistics REIT ranks #409 out of 548 companies in the REITs industry, which is below the industry midpoint. Overall, CRE Logistics REIT has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CRE Logistics REIT's Days Payable compare to VICI and WPC?
According to the REITs industry distribution chart, CRE Logistics REIT ranks #409 out of 548 companies for Days Payable. This places CRE Logistics REIT in the lower half of its industry. The industry median Days Payable is 119.45. CRE Logistics REIT's value of 49.21 is 58.8% below this benchmark. Historically, CRE Logistics REIT's own Days Payable has ranged from 24.62 to 44.07 over the past decade. While the company's 10-year median is 28.50 vs. the industry median of 119.45, CRE Logistics REIT has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a REITs company?
The median Days Payable among REITs companies is 119.45, based on 548 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CRE Logistics REIT's current Days Payable of 49.21 is 58.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on CRE Logistics REIT and its competitors. For the REITs industry, the median Days Payable is 119.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CRE Logistics REIT's current Days Payable is 49.21, which is 73% above median its own 10-year median of 28.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CRE Logistics REIT stock overvalued right now?
Based on GuruFocus' analysis, CRE Logistics REIT (TSE:3487) is currently considered Fairly Valued. The stock's GF Value™ is 円154,282.03, compared to a current price of 円142,100.00 — trading 7.9% below its estimated fair value. The current Days Payable is 49.21, which is 73% above median its 10-year median of 28.50 and 58.8% below the REITs industry median of 119.45. CRE Logistics REIT's overall GF Score™ is 67/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For CRE Logistics REIT (TSE:3487), the current Days Payable is 49.21 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is CRE Logistics REIT (TSE:3487) Overvalued in 2026?

Based on GuruFocus' analysis, CRE Logistics REIT stock appears to be undervalued. The current stock price of 円142,100.00 is trading 7.9% below its estimated GF Value™ of 円154,282.03. GuruFocus considers CRE Logistics REIT to be Fairly Valued.

Key valuation signals for TSE:3487:

  • Days Payable: 49.21 (73% above median its 10-year median of 28.50)
  • GF Value™: 円154,282.03 vs. price of 円142,100.00 (7.9% below fair value)
  • GF Score™: 67/100 with 8 warning signs
  • Industry Position: 58.8% below the REITs median (#409 of 548)

No single metric tells the full story. See the TSE:3487 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CRE Logistics REIT Business Description

Industry Real EstateREITs
Address 2-10-1, East Tower 19th Floor, Toranomon Twin Building, Toranomon, Minato-ku, Tokyo, JPN, 105-1001
CRE Logistics REIT Inc is a Japanese Real estate investment trust. The company focuses on logistics properties to deliver comprehensive services that span the development of logistics properties to leasing, and property management. It portfolio consist of Logisquare Kuki, Logisquare Tosu, and Logisquare Hanyu.
67GF Score

Get the complete analysis for TSE:3487

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円142,100.00
Price
円154,282.03
GF Value