CRE Logistics REIT (TSE:3487) Scaled Net Operating Assets: 0.96 (As of Dec. 2025)


TSE:3487 CRE Logistics REIT Inc TSE:3487
67 GF Score
Price 円142,100.00
GF Value 円154,282.03
Valuation Fairly Valued
! 8 Warning Signs
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What is CRE Logistics REIT Scaled Net Operating Assets?

CRE Logistics REIT TSE:3487 +1.50% 67 Scaled Net Operating Assets is 0.96 as of Dec. 2025. GuruFocus rates TSE:3487 with a GF Score™ of 67/100 and a GF Value™ of 円154,282.03 (Fairly Valued). The stock has 8 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

CRE Logistics REIT's operating assets for the quarter that ended in Dec. 2025 was 円156,634 Mil. CRE Logistics REIT's operating liabilities for the quarter that ended in Dec. 2025 was 円4,786 Mil. CRE Logistics REIT's Total Assets for the quarter that ended in Jun. 2025 was 円158,114 Mil. Therefore, CRE Logistics REIT's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.96.


CRE Logistics REIT Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for CRE Logistics REIT's Scaled Net Operating Assets 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.

CRE Logistics REIT Scaled Net Operating Assets Chart

CRE Logistics REIT Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only 1.39 0.96 1.10 0.95 0.95

CRE Logistics REIT Semi-Annual Data
Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Scaled Net Operating Assets 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 0.96 0.96 0.96 0.95 0.96

TSE:3487 vs VICI, WPC: Scaled Net Operating Assets Comparison

For the REIT - Diversified subindustry, CRE Logistics REIT's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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.


CRE Logistics REIT Scaled Net Operating Assets vs REITs Industry

For the REITs industry and Real Estate sector, CRE Logistics REIT's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where CRE Logistics REIT's Scaled Net Operating Assets falls into.


TSE:3487
67GF Score
CRE Logistics REIT Inc TSE:3487
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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CRE Logistics REIT Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

CRE Logistics REIT's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(156633.814-4785.991)/159658.932
=0.95

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=158113.819 - 1480.005
=156633.814

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=74904.991 - 55669 - 14450
=4785.991

CRE Logistics REIT's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(156633.814-4785.991)/158113.819
=0.96

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=158113.819 - 1480.005
=156633.814

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=74904.991 - 55669 - 14450
=4785.991

* 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 Scaled Net Operating Assets of 0.96 mean?
CRE Logistics REIT (TSE:3487) has a Scaled Net Operating Assets of 0.96 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on CRE Logistics REIT and its competitors.
Is CRE Logistics REIT's Scaled Net Operating Assets too high?
CRE Logistics REIT's current Scaled Net Operating Assets is 0.96. Overall, CRE Logistics REIT has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CRE Logistics REIT's Scaled Net Operating Assets compare to VICI and WPC?
CRE Logistics REIT's Scaled Net Operating Assets of 0.96 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 Scaled Net Operating Assets for a REITs company?
A good Scaled Net Operating Assets depends on the REITs industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on CRE Logistics REIT and its competitors. CRE Logistics REIT's current Scaled Net Operating Assets is 0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CRE Logistics REIT stock overvalued right now?
Based on GuruFocus' analysis, CRE Logistics REIT (TSE:3487) is currently considered Fairly Valued. The stock's GF Value™ is 円154,282.03, compared to a current price of 円142,100.00 — trading 7.9% below its estimated fair value. The current Scaled Net Operating Assets is 0.96. CRE Logistics REIT's overall GF Score™ is 67/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For CRE Logistics REIT (TSE:3487), the current Scaled Net Operating Assets is 0.96 as of Dec. 2025. 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 CRE Logistics REIT (TSE:3487) Overvalued in 2026?

Based on GuruFocus' analysis, CRE Logistics REIT stock appears to be undervalued. The current stock price of 円142,100.00 is trading 7.9% below its estimated GF Value™ of 円154,282.03. GuruFocus considers CRE Logistics REIT to be Fairly Valued.

Key valuation signals for TSE:3487:

  • Scaled Net Operating Assets: 0.96
  • GF Value™: 円154,282.03 vs. price of 円142,100.00 (7.9% below fair value)
  • GF Score™: 67/100 with 8 warning signs

No single metric tells the full story. See the TSE:3487 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CRE Logistics REIT Business Description

Industry Real EstateREITs
Address 2-10-1, East Tower 19th Floor, Toranomon Twin Building, Toranomon, Minato-ku, Tokyo, JPN, 105-1001
CRE Logistics REIT Inc is a Japanese Real estate investment trust. The company focuses on logistics properties to deliver comprehensive services that span the development of logistics properties to leasing, and property management. It portfolio consist of Logisquare Kuki, Logisquare Tosu, and Logisquare Hanyu.
67GF Score

Get the complete analysis for TSE:3487

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

円142,100.00
Price
円154,282.03
GF Value