Mitsubishi Estate Logistics REIT Investment (TSE:3481) EBIT: 円8,544 Mil (TTM As of Feb. 2026)


TSE:3481 Mitsubishi Estate Logistics REIT Investment Corp TSE:3481
74 GF Score
Price 円120,600.00
GF Value 円132,482.72
Valuation Fairly Valued
! 6 Warning Signs
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What is Mitsubishi Estate Logistics REIT Investment EBIT?

Mitsubishi Estate Logistics REIT Investment TSE:3481 +1.09% 74 EBIT is 円8,544 Mil as of Feb. 2026. GuruFocus rates TSE:3481 with a GF Score™ of 74/100 and a GF Value™ of 円132,482.72 (Fairly Valued). The stock has 6 warning signs investors should review.

Mitsubishi Estate Logistics REIT Investment's earnings before interest and taxes (EBIT) for the six months ended in Feb. 2026 was 円4,322 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2026 was 円8,544 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mitsubishi Estate Logistics REIT Investment's annualized ROC % for the quarter that ended in Feb. 2026 was 2.96%. Mitsubishi Estate Logistics REIT Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 3.10%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Mitsubishi Estate Logistics REIT Investment's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 2.88%.

Mitsubishi Estate Logistics REIT Investment  (TSE:3481) EBIT Explanation

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

Mitsubishi Estate Logistics REIT Investment'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 )
=8635.722 * ( 1 - 0.02% )/( (293912.811 + 288827.054)/ 2 )
=8633.9948556/291369.9325
=2.96 %

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))
=287596.428 - 319.982 - ( 4425.053 - max(0, 20508.487 - 13872.122+4425.053))
=293912.811

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))
=287523.024 - 806.891 - ( 5221.468 - max(0, 16847.953 - 14737.032+5221.468))
=288827.054

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:

Mitsubishi Estate Logistics REIT Investment'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 )
=8643.616/( ( (273157.921 + max(6578.582, 0)) + (272057.071 + max(6157.611, 0)) )/ 2 )
=8643.616/( ( 279736.503 + 278214.682 )/ 2 )
=8643.616/278975.5925
=3.10 %

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)
=(86.885 + 0 + 9360.184) - (319.982 + 0 + 2548.505)
=6578.582

Working Capital(Q: Feb. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(66.321 + 0 + 9449.243) - (806.891 + 0 + 2551.062)
=6157.611

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:

Mitsubishi Estate Logistics REIT Investment's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Feb. 2026 )
=8544.307/296219.859
=2.88 %

* 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 EBIT Related Terms

Mitsubishi Estate Logistics REIT Investment EBIT Historical Data

* Premium members only.

The historical data trend for Mitsubishi Estate Logistics REIT Investment'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.

Mitsubishi Estate Logistics REIT Investment EBIT Chart

Mitsubishi Estate Logistics REIT Investment Annual Data
Trend Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24
EBIT
Get a 7-Day Free Trial 3,423.46 4,661.45 5,822.60 7,442.31 9,189.02

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
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 4,029.44 5,159.58 5,136.18 4,222.50 4,321.81

TSE:3481 vs PLD, PSA, EXR: EBIT Comparison

For the REIT - Industrial subindustry, Mitsubishi Estate Logistics REIT Investment'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.

Mitsubishi Estate Logistics REIT Investment EV-to-EBIT vs REITs Industry

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

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


TSE:3481
74GF Score
Mitsubishi Estate Logistics REIT Investment Corp TSE:3481
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Mitsubishi Estate Logistics REIT Investment 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8,544 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8,544 Mil mean?
Mitsubishi Estate Logistics REIT Investment (TSE:3481) has a EBIT of 円8,544 Mil as of Feb. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Mitsubishi Estate Logistics REIT Investment.
Is Mitsubishi Estate Logistics REIT Investment's EBIT too high?
Mitsubishi Estate Logistics REIT Investment's current EBIT is 円8,544 Mil. Overall, Mitsubishi Estate Logistics REIT Investment has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mitsubishi Estate Logistics REIT Investment's EBIT compare to PLD and PSA?
Mitsubishi Estate Logistics REIT Investment's EBIT of 円8,544 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 Mitsubishi Estate Logistics REIT Investment. Mitsubishi Estate Logistics REIT Investment's current EBIT is 円8,544 Mil. 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 Fairly Valued. The stock's GF Value™ is 円132,482.72, compared to a current price of 円120,600.00 — trading 9% below its estimated fair value. The current EBIT is 円8,544 Mil. Mitsubishi Estate Logistics REIT Investment's overall GF Score™ is 74/100 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 Mitsubishi Estate Logistics REIT Investment (TSE:3481), the current EBIT is 円8,544 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 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120,600.00 is trading 9% below its estimated GF Value™ of 円132,482.72. GuruFocus considers Mitsubishi Estate Logistics REIT Investment to be Fairly Valued.

Key valuation signals for TSE:3481:

  • EBIT: 円8,544 Mil
  • GF Value™: 円132,482.72 vs. price of 円120,600.00 (9% below fair value)
  • GF Score™: 74/100 with 6 warning signs

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.
74GF Score

Get the complete analysis for TSE:3481

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

円120,600.00
Price
円132,482.72
GF Value