GLP J-REIT (TSE:3281) Other Operating Expense: 円372 Mil (TTM As of Feb. 2026)

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TSE:3281 GLP J-REIT TSE:3281
76 GF Score
Price 円140,700.00
GF Value 円145,861.47
Valuation Fairly Valued
! 6 Warning Signs
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What is GLP J-REIT Other Operating Expense?

GLP J-REIT TSE:3281 -0.57% 76 Other Operating Expense is 円372 Mil as of Feb. 2026. GuruFocus rates TSE:3281 with a GF Score™ of 76/100 and a GF Value™ of 円145,861.47 (Fairly Valued). The stock has 6 warning signs investors should review.

GLP J-REIT's Other Operating Expense for the six months ended in Feb. 2026 was 円182 Mil. Its Other Operating Expense for the trailing twelve months (TTM) ended in Feb. 2026 was 円372 Mil.

GLP J-REIT's quarterly Other Operating Expense increased from Feb. 2025 (円177 Mil) to Aug. 2025 (円190 Mil) but then declined from Aug. 2025 (円190 Mil) to Feb. 2026 (円182 Mil).

GLP J-REIT's annual Other Operating Expense increased from Aug. 2023 (円298 Mil) to Aug. 2024 (円314 Mil) and increased from Aug. 2024 (円314 Mil) to Aug. 2025 (円367 Mil).

GLP J-REIT Other Operating Expense Historical Data

* Premium members only.

The historical data trend for GLP J-REIT's Other Operating Expense 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 Other Operating Expense Chart

GLP J-REIT Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Other Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 238.27 233.46 297.95 314.31 366.62

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
Other Operating Expense 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 121.99 192.33 176.87 189.75 181.83
TSE:3281
76GF Score
GLP J-REIT TSE:3281
Other Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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GLP J-REIT Other Operating Expense Calculation

GuruFocus uses a standardized financial statement format for all companies. For non-financial companies, GuruFocus lists Selling, General, & Admin. Expense, , Research & Development, and Other Operating Expense under the "Total Operating Expense" section.

Other Operating Expense sometimes includes:
Restructuring, and merger
Acquisition related and other
Litigation settlement charge
Other (too numerous to list)

Some companies can and do choose to report each of these items separately. Yet, there are a variety of Other Operating Expense which are simply too numerous to list.

Other Operating Expense 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372 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.

What does a Other Operating Expense of 円372 Mil mean?
GLP J-REIT (TSE:3281) has a Other Operating Expense of 円372 Mil as of Feb. 2026. Other operating expenses that a company records on its income statement. View historical data on GLP J-REIT and its competitors.
Is GLP J-REIT's Other Operating Expense too high?
GLP J-REIT's current Other Operating Expense is 円372 Mil. Overall, GLP J-REIT has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does GLP J-REIT's Other Operating Expense compare to PLD and PSA?
GLP J-REIT's Other Operating Expense of 円372 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 Other Operating Expense for a REITs company?
A good Other Operating Expense depends on the REITs industry context. However, Other Operating Expense 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 Other Operating Expense mean?
A high Other Operating Expense can signal that a stock is expensive relative to its fundamentals. Other operating expenses that a company records on its income statement. View historical data on GLP J-REIT and its competitors. GLP J-REIT's current Other Operating Expense is 円372 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145,861.47, compared to a current price of 円140,700.00 — trading 3.5% below its estimated fair value. The current Other Operating Expense is 円372 Mil. GLP J-REIT's overall GF Score™ is 76/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Other Operating Expense calculated?
Other Operating Expense is calculated from a company's financial statements. For GLP J-REIT (TSE:3281), the current Other Operating Expense is 円372 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140,700.00 is trading 3.5% below its estimated GF Value™ of 円145,861.47. GuruFocus considers GLP J-REIT to be Fairly Valued.

Key valuation signals for TSE:3281:

  • Other Operating Expense: 円372 Mil
  • GF Value™: 円145,861.47 vs. price of 円140,700.00 (3.5% below fair value)
  • GF Score™: 76/100 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.
76GF Score

Get the complete analysis for TSE:3281

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

円140,700.00
Price
円145,861.47
GF Value