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GLP J-REIT's Operating Income for the
six
months ended in Feb. 2026 was 円16,482 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Feb. 2026 was 円34,130 Mil.
Operating Margin % is calculated as Operating Income divided by its Revenue. GLP J-REIT's Operating Income for the
six
months ended in Feb. 2026 was 円16,482 Mil. GLP J-REIT's Revenue for the
six
months ended in Feb. 2026 was 円28,821 Mil. Therefore, GLP J-REIT's Operating Margin % for the quarter that ended in Feb. 2026 was 57.19%.
Good Sign:
GLP J-REIT operating margin is expanding. Margin expansion is usually a good sign.
Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
GLP J-REIT's annualizedROC % for the quarter that ended in Feb. 2026 was 3.75%.
GLP J-REIT's annualizedROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 3.98%.
* 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.
4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.
Be Aware
Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
GLP J-REIT Operating Income Related Terms
GLP J-REIT Operating Income Historical Data
* Premium members only.
The historical data trend for GLP J-REIT's Operating Income 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.
Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.
Operating Income 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34,130 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.
GLP J-REIT (TSE:3281) has a Operating Income of 円34,130 Mil as of Feb. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on GLP J-REIT and its competitors.
Is GLP J-REIT's Operating Income too high?
GLP J-REIT's current Operating Income is 円34,130 Mil. Overall, GLP J-REIT has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does GLP J-REIT's Operating Income compare to PLD and PSA?
GLP J-REIT's Operating Income of 円34,130 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 Operating Income for a REITs company?
A good Operating Income depends on the REITs industry context. However, Operating Income 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 Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on GLP J-REIT and its competitors. GLP J-REIT's current Operating Income is 円34,130 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145,861.14, compared to a current price of 円139,800.00 — trading 4.2% below its estimated fair value. The current Operating Income is 円34,130 Mil. GLP J-REIT's overall GF Score™ is 77/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For GLP J-REIT (TSE:3281), the current Operating Income is 円34,130 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145,861.14.
GuruFocus considers GLP J-REIT to be Fairly Valued.
Key valuation signals for TSE:3281:
Operating Income: 円34,130 Mil
GF Value™: 円145,861.14 vs. price of 円139,800.00 (4.2% below fair value)
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.
77GF Score
Get the complete analysis for TSE:3281
Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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