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GLP J-REITTSE:3281 -3.30%78 Debt-to-Equity is 0.88 as of Feb. 2026, which is 2% above its 10-year median of 0.86. GuruFocus rates TSE:3281 with a GF Score™ of 78/100 and a GF Value™ of 円145,864.18 (Fairly Valued). The stock has 5 warning signs investors should review. Among 683 REITs companies, GLP J-REIT ranks worse than 59.88% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for GLP J-REIT's Debt-to-Equity or its related term are showing as below:
TSE:3281'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.83 Med: 0.86 Max: 1.01
Current: 0.88
During the past 13 years, the highest Debt-to-Equity Ratio of GLP J-REIT was 1.01. The lowest was 0.83. And the median was 0.86.
TSE:3281's Debt-to-Equity is ranked worse than 59.88% of 683
companies
in the REITs industry
Industry Median: 0.78
vs TSE:3281: 0.88
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
GLP J-REIT Debt-to-Equity Related Terms
GLP J-REIT Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for GLP J-REIT's Debt-to-Equity 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.
TSE:3281 vs PLD, PSA, EXR: Debt-to-Equity Comparison
For the REIT - Industrial subindustry, GLP J-REIT's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.
GLP J-REIT Debt-to-Equity vs REITs Industry
For the REITs industry and Real Estate sector, GLP J-REIT's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where GLP J-REIT's Debt-to-Equity falls into.
* 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.
GLP J-REIT (TSE:3281) has a Debt-to-Equity of 0.88 as of Feb. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on GLP J-REIT and its competitors. This is near median its historical median of 0.86. Over the past decade, GLP J-REIT's Debt-to-Equity has ranged from 0.83 to 1.01. According to the industry distribution chart, GLP J-REIT ranks #409 out of 683 companies in the REITs industry, placing it in the top 59.9%.
Is GLP J-REIT's Debt-to-Equity too high?
GLP J-REIT's current Debt-to-Equity of 0.88 is near median its 10-year median of 0.86. Over the past 10 years, this metric has ranged from a low of 0.83 to a high of 1.01. The REITs industry median Debt-to-Equity is 0.78. GLP J-REIT's value of 0.88 is 12.8% above this industry median. Based on the distribution chart, GLP J-REIT ranks #409 out of 683 companies in the REITs industry, which is below the industry midpoint. Overall, GLP J-REIT has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does GLP J-REIT's Debt-to-Equity compare to PLD and PSA?
According to the REITs industry distribution chart, GLP J-REIT ranks #409 out of 683 companies for Debt-to-Equity. This places GLP J-REIT in the lower half of its industry. The industry median Debt-to-Equity is 0.78. GLP J-REIT's value of 0.88 is 12.8% above this benchmark. Historically, GLP J-REIT's own Debt-to-Equity has ranged from 0.83 to 1.01 over the past decade. While the company's 10-year median is 0.86 vs. the industry median of 0.78, GLP J-REIT 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-Equity for a REITs company?
The median Debt-to-Equity among REITs companies is 0.78, based on 683 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. GLP J-REIT's current Debt-to-Equity of 0.88 is 12.8% 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-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on GLP J-REIT and its competitors. For the REITs industry, the median Debt-to-Equity is 0.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GLP J-REIT's current Debt-to-Equity is 0.88, which is near median its own 10-year median of 0.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GLP J-REIT stock overvalued right now?
Based on GuruFocus' analysis, GLP J-REIT (TSE:3281) is currently considered Fairly Valued. The stock's GF Value™ is 円145,864.18, compared to a current price of 円134,600.00 — trading 7.7% below its estimated fair value. The current Debt-to-Equity is 0.88, which is near median its 10-year median of 0.86 and 12.8% above the REITs industry median of 0.78. GLP J-REIT's overall GF Score™ is 78/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For GLP J-REIT (TSE:3281), the current Debt-to-Equity is 0.88 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 GLP J-REIT (TSE:3281) Overvalued in 2026?
Based on GuruFocus' analysis, GLP J-REIT stock appears to be undervalued.
The current stock price of 円134,600.00 is trading 7.7% below its estimated GF Value™ of 円145,864.18.
GuruFocus considers GLP J-REIT to be Fairly Valued.
Key valuation signals for TSE:3281:
Debt-to-Equity: 0.88 (near median its 10-year median of 0.86)
GF Value™: 円145,864.18 vs. price of 円134,600.00 (7.7% below fair value)
Industry Position: 12.8% above the REITs median (#409 of 683)
No single metric tells the full story. See the TSE:3281 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
GLP J-REIT is a Japan-based real estate investment trust. The company invests in logistic facilities and related real estate properties mainly located in Kanto and Kansai regions and other areas. Its properties are classified under Multi-tenant property and build-to-suit property segments. It holds a range of proprieties such as GLP Tokyo, GLP Sugito II, GLP Koshigaya II, GLP Misato II, GLP Amagasaki, GLP Higashi-Ogishima, GLP Akishima, GLP Tomisato, GLP Narashino II, GLP Funabashi, GLP Kazo, GLP Fukaya and others.
78GF Score
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