Mitsubishi Estate Logistics REIT Investment (TSE:3481) Debt-to-EBITDA : 10.67 (As of Feb. 2026) — 14% Above Median

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TSE:3481 Mitsubishi Estate Logistics REIT Investment Corp TSE:3481
78 GF Score
Price 円113,800.00
GF Value 円135,049.50
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Mitsubishi Estate Logistics REIT Investment Debt-to-EBITDA?

Mitsubishi Estate Logistics REIT Investment TSE:3481 -0.44% 78 Debt-to-EBITDA is 10.67 as of Feb. 2026, which is 14% above its 10-year median of 9.38. GuruFocus rates TSE:3481 with a GF Score™ of 78/100 and a GF Value™ of 円135,049.50 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 569 REITs companies, Mitsubishi Estate Logistics REIT Investment ranks worse than 78.91% on this metric.

Debt-to-EBITDA measures a company's ability to pay off its debt.

Mitsubishi Estate Logistics REIT Investment's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2026 was 円13,490 Mil. Mitsubishi Estate Logistics REIT Investment's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2026 was 円108,859 Mil. Mitsubishi Estate Logistics REIT Investment's annualized EBITDA for the quarter that ended in Feb. 2026 was 円11,469 Mil. Mitsubishi Estate Logistics REIT Investment's annualized Debt-to-EBITDA for the quarter that ended in Feb. 2026 was 10.67.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Mitsubishi Estate Logistics REIT Investment's Debt-to-EBITDA or its related term are showing as below:

TSE:3481' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 6.32   Med: 9.38   Max: 10.78
Current: 10.78

During the past 8 years, the highest Debt-to-EBITDA Ratio of Mitsubishi Estate Logistics REIT Investment was 10.78. The lowest was 6.32. And the median was 9.38.

TSE:3481's Debt-to-EBITDA is ranked worse than
78.91% of 569 companies
in the REITs industry
Industry Median: 6.52 vs TSE:3481: 10.78

Mitsubishi Estate Logistics REIT Investment  (TSE:3481) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


Mitsubishi Estate Logistics REIT Investment Debt-to-EBITDA Related Terms


Mitsubishi Estate Logistics REIT Investment Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Mitsubishi Estate Logistics REIT Investment's Debt-to-EBITDA 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.

Mitsubishi Estate Logistics REIT Investment Debt-to-EBITDA Chart

Mitsubishi Estate Logistics REIT Investment Annual Data
Trend Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24
Debt-to-EBITDA
Get a 7-Day Free Trial 7.67 9.38 10.51 10.31 9.49

Mitsubishi Estate Logistics REIT Investment Semi-Annual Data
Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
Debt-to-EBITDA 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 10.49 8.66 8.69 10.92 10.67

TSE:3481 vs PLD, PSA, EXR: Debt-to-EBITDA Comparison

For the REIT - Industrial subindustry, Mitsubishi Estate Logistics REIT Investment's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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.


Mitsubishi Estate Logistics REIT Investment Debt-to-EBITDA vs REITs Industry

For the REITs industry and Real Estate sector, Mitsubishi Estate Logistics REIT Investment's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Mitsubishi Estate Logistics REIT Investment's Debt-to-EBITDA falls into.


TSE:3481
78GF Score
Mitsubishi Estate Logistics REIT Investment Corp TSE:3481
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mitsubishi Estate Logistics REIT Investment Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Mitsubishi Estate Logistics REIT Investment's Debt-to-EBITDA for the fiscal year that ended in Aug. 2024 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(11400 + 101649) / 11914.542
=9.49

Mitsubishi Estate Logistics REIT Investment's annualized Debt-to-EBITDA for the quarter that ended in Feb. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(13490 + 108859) / 11468.508
=10.67

* 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.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is two times the quarterly (Feb. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 10.67 mean?
Mitsubishi Estate Logistics REIT Investment (TSE:3481) has a Debt-to-EBITDA of 10.67 as of Feb. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Mitsubishi Estate Logistics REIT Investment. This is 14% above median its historical median of 9.38. Over the past decade, Mitsubishi Estate Logistics REIT Investment's Debt-to-EBITDA has ranged from 6.32 to 10.78. According to the industry distribution chart, Mitsubishi Estate Logistics REIT Investment ranks #449 out of 569 companies in the REITs industry, placing it in the top 78.9%.
Is Mitsubishi Estate Logistics REIT Investment's Debt-to-EBITDA too high?
Mitsubishi Estate Logistics REIT Investment's current Debt-to-EBITDA of 10.67 is 14% above median its 10-year median of 9.38. Over the past 10 years, this metric has ranged from a low of 6.32 to a high of 10.78. The REITs industry median Debt-to-EBITDA is 6.52. Mitsubishi Estate Logistics REIT Investment's value of 10.67 is 63.7% above this industry median. Based on the distribution chart, Mitsubishi Estate Logistics REIT Investment ranks #449 out of 569 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Mitsubishi Estate Logistics REIT Investment has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mitsubishi Estate Logistics REIT Investment's Debt-to-EBITDA compare to PLD and PSA?
According to the REITs industry distribution chart, Mitsubishi Estate Logistics REIT Investment ranks #449 out of 569 companies for Debt-to-EBITDA. This places Mitsubishi Estate Logistics REIT Investment in the lower half of its industry. The industry median Debt-to-EBITDA is 6.52. Mitsubishi Estate Logistics REIT Investment's value of 10.67 is 63.7% above this benchmark. Historically, Mitsubishi Estate Logistics REIT Investment's own Debt-to-EBITDA has ranged from 6.32 to 10.78 over the past decade. While the company's 10-year median is 9.38 vs. the industry median of 6.52, Mitsubishi Estate Logistics REIT Investment has consistently been above 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 Debt-to-EBITDA for a REITs company?
The median Debt-to-EBITDA among REITs companies is 6.52, based on 569 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mitsubishi Estate Logistics REIT Investment's current Debt-to-EBITDA of 10.67 is 63.7% above 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 Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Mitsubishi Estate Logistics REIT Investment. For the REITs industry, the median Debt-to-EBITDA is 6.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mitsubishi Estate Logistics REIT Investment's current Debt-to-EBITDA is 10.67, which is 14% above median its own 10-year median of 9.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mitsubishi Estate Logistics REIT Investment stock overvalued right now?
Based on GuruFocus' analysis, Mitsubishi Estate Logistics REIT Investment (TSE:3481) is currently considered Modestly Undervalued. The stock's GF Value™ is 円135,049.50, compared to a current price of 円113,800.00 — trading 15.7% below its estimated fair value. The current Debt-to-EBITDA is 10.67, which is 14% above median its 10-year median of 9.38 and 63.7% above the REITs industry median of 6.52. Mitsubishi Estate Logistics REIT Investment's overall GF Score™ is 78/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Mitsubishi Estate Logistics REIT Investment (TSE:3481), the current Debt-to-EBITDA is 10.67 as of Feb. 2026. 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 Mitsubishi Estate Logistics REIT Investment (TSE:3481) Overvalued in 2026?

Based on GuruFocus' analysis, Mitsubishi Estate Logistics REIT Investment stock appears to be undervalued. The current stock price of 円113,800.00 is trading 15.7% below its estimated GF Value™ of 円135,049.50. GuruFocus considers Mitsubishi Estate Logistics REIT Investment to be Modestly Undervalued.

Key valuation signals for TSE:3481:

  • Debt-to-EBITDA: 10.67 (14% above median its 10-year median of 9.38)
  • GF Value™: 円135,049.50 vs. price of 円113,800.00 (15.7% below fair value)
  • GF Score™: 78/100 with 6 warning signs
  • Industry Position: 63.7% above the REITs median (#449 of 569)

No single metric tells the full story. See the TSE:3481 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mitsubishi Estate Logistics REIT Investment Business Description

Industry Real EstateREITs
Address 1-6-5 Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-0005
Mitsubishi Estate Logistics REIT Investment Corp operates as a real estate investment trust with logistics facilities as its main investment target. Its portfolio consists of eight properties, mainly located in the Tokyo metropolitan area.
78GF Score

Get the complete analysis for TSE:3481

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

円113,800.00
Price
円135,049.50
GF Value