GLPJF (GLP J-REIT) Selling, General, & Admin. Expense: $44.9 Mil (TTM As of Feb. 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

GLPJF GLP J-REIT GLPJF
75 GF Score
Price $824.70
GF Value $864.15
! 6 Warning Signs
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What is GLP J-REIT Selling, General, & Admin. Expense?

GLP J-REIT GLPJF -5.09% 75 Selling, General, & Admin. Expense is $44.9 Mil as of Feb. 2026. GuruFocus rates GLPJF with a GF Score™ of 75/100 and a GF Value™ of $864.15. The stock has 6 warning signs investors should review.

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. GLP J-REIT's selling, general, & admin. expense for the six months ended in Feb. 2026 was $21.2 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Feb. 2026 was $44.9 Mil.


GLP J-REIT  (OTCPK:GLPJF) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


GLP J-REIT Selling, General, & Admin. Expense Related Terms


GLP J-REIT Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for GLP J-REIT's Selling, General, & Admin. 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 Selling, General, & Admin. Expense Chart

GLP J-REIT Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Selling, General, & Admin. Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 45.44 42.13 41.69 43.44 46.54

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
Selling, General, & Admin. 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 20.54 22.43 22.22 23.70 21.23

GLPJF vs PLD, PSA, EXR: Selling, General, & Admin. Expense Comparison

For the REIT - Industrial subindustry, GLP J-REIT's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense vs REITs Industry

For the REITs industry and Real Estate sector, GLP J-REIT's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where GLP J-REIT's Selling, General, & Admin. Expense falls into.


GLPJF
75GF Score
GLP J-REIT GLPJF
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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GLP J-REIT Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

Selling, General, & Admin. 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 $44.9 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 Selling, General, & Admin. Expense of $44.9 Mil mean?
GLP J-REIT (GLPJF) has a Selling, General, & Admin. Expense of $44.9 Mil as of Feb. 2026. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on GLP J-REIT and its competitors.
Is GLP J-REIT's Selling, General, & Admin. Expense too high?
GLP J-REIT's current Selling, General, & Admin. Expense is $44.9 Mil. Overall, GLP J-REIT has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does GLP J-REIT's Selling, General, & Admin. Expense compare to PLD and PSA?
GLP J-REIT's Selling, General, & Admin. Expense of $44.9 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 Selling, General, & Admin. Expense for a REITs company?
A good Selling, General, & Admin. Expense depends on the REITs industry context. However, Selling, General, & Admin. 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 Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on GLP J-REIT and its competitors. GLP J-REIT's current Selling, General, & Admin. Expense is $44.9 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?
GLP J-REIT (GLPJF) has a current Selling, General, & Admin. Expense of $44.9 Mil. The stock's GF Value™ is $864.15, compared to a current price of $824.70 — trading 4.6% below its estimated fair value. The current Selling, General, & Admin. Expense is $44.9 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 Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For GLP J-REIT (GLPJF), the current Selling, General, & Admin. Expense is $44.9 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 (GLPJF) Overvalued in 2026?

Based on GuruFocus' analysis, GLP J-REIT stock appears to be undervalued. The current stock price of $824.70 is trading 4.6% below its estimated GF Value™ of $864.15.

Key valuation signals for GLPJF:

  • Selling, General, & Admin. Expense: $44.9 Mil
  • GF Value™: $864.15 vs. price of $824.70 (4.6% below fair value)
  • GF Score™: 75/100 with 6 warning signs

No single metric tells the full story. See the GLPJF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


GLP J-REIT Business Description

Industry Real EstateREITs
Other Exchanges 3281:Japan
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

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Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$824.70
Price
$864.15
GF Value