GLP J-REIT (TSE:3281) ROCE %: 4.04% (As of Feb. 2026)

What is GLP J-REIT ROCE %?

GLP J-REIT TSE:3281 +2.63% 72 ROCE % is 4.04% as of Feb. 2026. GuruFocus rates TSE:3281 with a GF Score™ of 72/100 and a GF Value™ of 円145,856.74 (Fairly Valued). The stock has 6 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. GLP J-REIT's annualized ROCE % for the quarter that ended in Feb. 2026 was 4.04%.

GLP J-REIT (TSE:3281) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

GLP J-REIT ROCE % Related Terms

GLP J-REIT ROCE % Historical Data

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The historical data trend for GLP J-REIT's ROCE % 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 ROCE % Chart

GLP J-REIT Annual Data

Trend

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

Aug25

ROCE %

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3.61

3.65

3.68

3.43

4.08

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
ROCE %	Get a 7-Day Free Trial															3.25	3.60	3.89	4.22	4.04

72GF Score

GLP J-REIT TSE:3281

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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GLP J-REIT ROCE % Calculation

GLP J-REIT's annualized ROCE % for the fiscal year that ended in Aug. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2025 )		(A: Aug. 2024 )		(A: Aug. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2025 )		(A: Aug. 2024 )		(A: Aug. 2025 )
	=	33772.223	/	( ( (889775.218 - 51181.557)	+	(876820.565 - 58927.519) )	/ 2 )
	=	33772.223	/	( (838593.661	+	817893.046)	/ 2 )
	=	33772.223	/	828243.3535
	=	4.08 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2026 )		(Q: Aug. 2025 )		(Q: Feb. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2026 )		(Q: Aug. 2025 )		(Q: Feb. 2026 )
	=	32687.772	/	( ( (876820.565 - 58927.519)	+	(872305.593 - 70165.922) )	/ 2 )
	=	32687.772	/	( ( 817893.046	+	802139.671 )	/ 2 )
	=	32687.772	/	810016.3585
	=	4.04 %

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

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 4.04% mean?

GLP J-REIT (TSE:3281) has a ROCE % of 4.04% as of Feb. 2026.

Is GLP J-REIT's ROCE % too high?

GLP J-REIT's current ROCE % is 4.04%. The REITs industry median ROCE % is 5.19. GLP J-REIT's value of 4.04% is 22.1% below this industry median. Overall, GLP J-REIT has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does GLP J-REIT's ROCE % compare to PLD and PSA?

GLP J-REIT's ROCE % of 4.04% can be compared against companies in the REITs industry. The industry median ROCE % is 5.19. GLP J-REIT's value of 4.04% is 22.1% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for a REITs company?

The median ROCE % among REITs companies is 5.19, based on 756 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. GLP J-REIT's current ROCE % of 4.04% is 22.1% below 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 ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the REITs industry, the median ROCE % is 5.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GLP J-REIT's current ROCE % is 4.04%. 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145,856.74, compared to a current price of 円140,300.00 — trading 3.8% below its estimated fair value. The current ROCE % is 4.04% and 22.1% below the REITs industry median of 5.19. GLP J-REIT's overall GF Score™ is 72/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROCE % calculated?

ROCE % is calculated from a company's financial statements. For GLP J-REIT (TSE:3281), the current ROCE % is 4.04% 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140,300.00 is trading 3.8% below its estimated GF Value™ of 円145,856.74. GuruFocus considers GLP J-REIT to be Fairly Valued.

Key valuation signals for TSE:3281:

ROCE %: 4.04%
GF Value™: 円145,856.74 vs. price of 円140,300.00 (3.8% below fair value)
GF Score™: 72/100 with 6 warning signs
Industry Position: 22.1% below the REITs median

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 Estate REITs

Comparable Companies TSE:3283 TSE:3249 TSE:3466 TSE:8967 TSE:3481 TSE:2979 PLD PSA EXR LSE:SGRO EGP LINE SGX:A17U CUBE FR REXR MEX:FIBRAPL14 STAG TRNO XBRU:WDP

Address Tokyo Midtown Yaesu, 16F, Yaesu Central Tower, 2-2-1 Yaesu, Chuo-ku, Tokyo, JPN

Website https://www.glpjreit.com

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.

72GF Score

Get the complete analysis for TSE:3281

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

円140,300.00

Price

円145,856.74

GF Value

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