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JLF is the first J- REIT dedicated to “logistics properties” with real estate and other assets used for logistic facilities primarily in the Tokyo Metropolitan, Osaka, Nagoya and Fukuoka areas as investment targets. Based on the Act on Investment Trusts and Investment Corporations (Act No. 198 of 1951; including revisions enforced thereafter) (hereinafter, “the Investment Trust Act”), JLF was founded on February 22, 2005 with Mitsui & Co., Logistics Partners Ltd. as the founding planner, and was listed on the REIT section of the Tokyo Stock Exchange, Inc. (hereinafter, “Tokyo Stock Exchange”) on May 9 of the same year (security code: 8967). As of July 31, 2023 (the end of The 36th Period), JLF owns 52 properties under management with a total acquisition price of 290,590 million yen and total assets of 274,933 million yen.
Metrics to compare | 8967 | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship Relationship8967PeersSector | |
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P/E Ratio | 25.6x | 20.7x | 7.6x | |
PEG Ratio | 4.93 | 1.36 | 0.01 | |
Price/Book | 1.8x | 1.2x | 0.9x | |
Price / LTM Sales | 12.9x | 10.6x | 3.8x | |
Upside (Analyst Target) | 15.1% | 13.2% | 11.0% | |
Fair Value Upside | Unlock | 0.3% | 0.8% | Unlock |