GLP J-REIT
GLP J-REIT is a real estate investment corporation ("J-REIT") specializing in logistics facilities, and it primarily invests in modern logistics facilities. GLP J-REIT was founded in accordance with the Act on Investment Trusts and Investment Corporations (hereinafter the "Investment Trust Act") with GLP Japan Advisors Inc. (hereinafter the "Asset Manager") as the founder. It has its units listed… Read more
GLP J-REIT (GLPJF) - Net Assets
Latest net assets as of August 2025: $451.99 Billion USD
Based on the latest financial reports, GLP J-REIT (GLPJF) has net assets worth $451.99 Billion USD as of August 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($876.82 Billion) and total liabilities ($424.83 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $451.99 Billion |
| % of Total Assets | 51.55% |
| Annual Growth Rate | 6.07% |
| 5-Year Change | 8.77% |
| 10-Year Change | N/A |
| Growth Volatility | 10.53 |
GLP J-REIT - Net Assets Trend (2020–2025)
This chart illustrates how GLP J-REIT's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for GLP J-REIT (2020–2025)
The table below shows the annual net assets of GLP J-REIT from 2020 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-08-31 | $451.99 Billion | -2.97% |
| 2024-08-31 | $465.82 Billion | -1.37% |
| 2023-08-31 | $472.32 Billion | +14.47% |
| 2022-08-31 | $412.60 Billion | -0.71% |
| 2021-08-31 | $415.54 Billion | +23.44% |
| 2020-08-31 | $336.64 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to GLP J-REIT's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 65.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (August 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $16.06 Billion | 3.55% |
| Other Components | $435.93 Billion | 96.45% |
| Total Equity | $451.99 Billion | 100.00% |
GLP J-REIT Competitors by Market Cap
The table below lists competitors of GLP J-REIT ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
LEENO Industrial Inc
KQ:058470
|
$3.79 Billion |
|
NovaGold Resources Inc
NYSE MKT:NG
|
$3.79 Billion |
|
Getinge AB
PINK:GNGBF
|
$3.80 Billion |
|
AU Optronics Corp
PINK:AUOTY
|
$3.80 Billion |
|
Shanghai International Airport Co Ltd
SHG:600009
|
$3.79 Billion |
|
TRI Pointe Homes Inc
NYSE:TPH
|
$3.79 Billion |
|
TECO Electric & Machinery Co Ltd
TW:1504
|
$3.79 Billion |
|
Regency Centers Corporation 6.25% Series A Cumulative Redeemable Preferred Stock
NASDAQ:REGCP
|
$3.79 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GLP J-REIT's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 465,821,516,000 to 451,990,235,000, a change of -13,831,281,000 (-3.0%).
- Net income of 31,108,454,000 contributed positively to equity growth.
- Dividend payments of 31,940,389,000 reduced retained earnings.
- Share repurchases of 12,997,293,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $31.11 Billion | +6.88% |
| Dividends Paid | $31.94 Billion | -7.07% |
| Share Repurchases | $13.00 Billion | -2.88% |
| Other Changes | $-2.05 Million | -0.0% |
| Total Change | $- | -2.97% |
Book Value vs Market Value Analysis
This analysis compares GLP J-REIT's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.01x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-08-31 | $84520.57 | $802.00 | x |
| 2021-08-31 | $92541.04 | $802.00 | x |
| 2022-08-31 | $91886.07 | $802.00 | x |
| 2023-08-31 | $95895.13 | $802.00 | x |
| 2024-08-31 | $95109.66 | $802.00 | x |
| 2025-08-31 | $94209.17 | $802.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GLP J-REIT utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.88%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 52.21%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.94x
- Recent ROE (6.88%) is above the historical average (5.90%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 5.52% | 47.95% | 0.06x | 1.90x | $-15.09 Billion |
| 2021 | 5.46% | 49.47% | 0.06x | 1.89x | $-18.88 Billion |
| 2022 | 6.05% | 50.29% | 0.06x | 1.90x | $-16.28 Billion |
| 2023 | 5.75% | 50.00% | 0.06x | 1.90x | $-20.07 Billion |
| 2024 | 5.73% | 50.13% | 0.06x | 1.91x | $-19.87 Billion |
| 2025 | 6.88% | 52.21% | 0.07x | 1.94x | $-14.09 Billion |
Industry Comparison
This section compares GLP J-REIT's net assets metrics with peer companies in the REIT - Industrial industry.
Industry Context
- Industry: REIT - Industrial
- Average net assets among peers: $9,223,705,800
- Average return on equity (ROE) among peers: 6.38%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GLP J-REIT (GLPJF) | $451.99 Billion | 5.52% | 0.94x | $3.79 Billion |
| Ascendas Real Estate Investment Trust (ACDSF) | $10.27 Billion | 7.41% | 0.74x | $9.40 Billion |
| BWP Trust (BUNNF) | $986.32 Million | 8.26% | 0.26x | $1.54 Billion |
| Big Yellow Group Plc (BYLOF) | $58.39 Million | 1.11% | 1.38x | $2.16 Billion |
| Fibra Terrafina (CBAOF) | $36.60 Billion | 18.57% | 0.50x | $1.16 Billion |
| ESR-REIT (CGIUF) | $1.63 Billion | -14.26% | 0.87x | $119.59 Million |
| Americold Realty Trust (COLD) | $1.83 Billion | 2.63% | 1.28x | $3.22 Billion |
| CubeSmart (CUBE) | $2.95 Billion | 13.24% | 1.16x | $8.74 Billion |
| FIBRA Macquarie México (DBMBF) | $36.33 Billion | 10.92% | 0.46x | $1.13 Billion |
| DHAWF (DHAWF) | $589.00 Million | 0.00% | 1.00x | $146.66 Million |
| Dream Industrial Real Estate Investment Trust (DREUF) | $989.33 Million | 15.92% | 1.18x | $2.10 Billion |