GLP J-REIT (TSE:3281) EBIT: 円33,807 Mil (TTM As of Feb. 2026)

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TSE:3281 GLP J-REIT TSE:3281
75 GF Score
Price 円139,800.00
GF Value 円145,858.77
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is GLP J-REIT EBIT?

GLP J-REIT TSE:3281 +0.43% 75 EBIT is 円33,807 Mil as of Feb. 2026. GuruFocus rates TSE:3281 with a GF Score™ of 75/100 and a GF Value™ of 円145,858.77 (Fairly Valued). The stock has 6 warning signs investors should review.

GLP J-REIT's earnings before interest and taxes (EBIT) for the six months ended in Feb. 2026 was 円16,344 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2026 was 円33,807 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. GLP J-REIT's annualized ROC % for the quarter that ended in Feb. 2026 was 3.75%. GLP J-REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 3.98%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. GLP J-REIT's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 3.28%.


GLP J-REIT  (TSE:3281) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

GLP J-REIT's annualized ROC % for the quarter that ended in Feb. 2026 is calculated as:

ROC % (Q: Feb. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Aug. 2025 ) + Invested Capital (Q: Feb. 2026 ))/ count )
=32964.38 * ( 1 - 0% )/( (872479.201 + 883438.316)/ 2 )
=32964.38/877958.7585
=3.75 %

where

Invested Capital(Q: Aug. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=876820.565 - 6153.823 - ( 38168.601 - max(0, 58927.519 - 57115.06+38168.601))
=872479.201

Invested Capital(Q: Feb. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=872305.593 - 4703.203 - ( 36663.129 - max(0, 70165.922 - 54329.996+36663.129))
=883438.316

Note: The Operating Income data used here is two times the semi-annual (Feb. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

GLP J-REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Feb. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Aug. 2025  Q: Feb. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=32687.772/( ( (814272.435 + max(7238.94, 0)) + (812564.236 + max(7970.945, 0)) )/ 2 )
=32687.772/( ( 821511.375 + 820535.181 )/ 2 )
=32687.772/821023.278
=3.98 %

where Working Capital is:

Working Capital(Q: Aug. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3860.008 + 0 + 15086.451) - (6153.823 + 0 + 5553.696)
=7238.94

Working Capital(Q: Feb. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3386.571 + 0 + 14280.296) - (4703.203 + 0 + 4992.719)
=7970.945

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Feb. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

GLP J-REIT's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Feb. 2026 )
=33806.97/1030619.665
=3.28 %

* 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 EBIT Related Terms


GLP J-REIT EBIT Historical Data

* Premium members only.

The historical data trend for GLP J-REIT's EBIT 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.

GLP J-REIT EBIT Chart

GLP J-REIT Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24,390.38 26,795.65 29,151.12 29,035.87 33,772.22

GLP J-REIT Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
EBIT 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 Premium Member Only Premium Member Only 13,829.94 15,205.92 16,309.14 17,463.08 16,343.89

TSE:3281 vs PLD, PSA, EXR: EBIT Comparison

For the REIT - Industrial subindustry, GLP J-REIT's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs REITs Industry

For the REITs industry and Real Estate sector, GLP J-REIT's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where GLP J-REIT's EV-to-EBIT falls into.


TSE:3281
75GF Score
GLP J-REIT TSE:3281
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GLP J-REIT EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Feb. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円33,807 Mil.

* 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 EBIT →
What does a EBIT of 円33,807 Mil mean?
GLP J-REIT (TSE:3281) has a EBIT of 円33,807 Mil as of Feb. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on GLP J-REIT.
Is GLP J-REIT's EBIT too high?
GLP J-REIT's current EBIT is 円33,807 Mil. Overall, GLP J-REIT has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does GLP J-REIT's EBIT compare to PLD and PSA?
GLP J-REIT's EBIT of 円33,807 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a REITs company?
A good EBIT depends on the REITs industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on GLP J-REIT. GLP J-REIT's current EBIT is 円33,807 Mil. 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145,858.77, compared to a current price of 円139,800.00 — trading 4.2% below its estimated fair value. The current EBIT is 円33,807 Mil. GLP J-REIT's overall GF Score™ is 75/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For GLP J-REIT (TSE:3281), the current EBIT is 円33,807 Mil 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139,800.00 is trading 4.2% below its estimated GF Value™ of 円145,858.77. GuruFocus considers GLP J-REIT to be Fairly Valued.

Key valuation signals for TSE:3281:

  • EBIT: 円33,807 Mil
  • GF Value™: 円145,858.77 vs. price of 円139,800.00 (4.2% below fair value)
  • GF Score™: 75/100 with 6 warning signs

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 Business Description

Industry Real EstateREITs
Address Tokyo Midtown Yaesu, 16F, Yaesu Central Tower, 2-2-1 Yaesu, Chuo-ku, Tokyo, JPN
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.
75GF Score

Get the complete analysis for TSE:3281

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

円139,800.00
Price
円145,858.77
GF Value