{"ticker": {"uuid": "f46f3c36-dc63-49a2-8bec-7e92ea5a6f89", "symbol": "3481", "name": "Mitsubishi Estate Logistics REIT Investment Corporation", "exchange": "JPX", "asset_type": "equity"}, "latest_week": "2026-06-12", "summary": "3481 closed the latest completed week at 119,600 JPY. The 4-week return is -1.6% and the 12-week return is -6.7%. Trend Signal is inactive, Market Dynamics is -1.18.", "description": "Mitsubishi Estate Logistics REIT Investment Corporation under the (Act on Investment Trust and Investment Corporation) (Investment Trust Law). It was listed on the REIT Securities Market of the Tokyo Stock Exchange on September 14, 2017. MEL focuses on investing in logistics facilities as a listed real estate investment corporation. Mitsubishi Estate Co., Ltd. (MEC), one of the largest comprehensive developers in Japan, has been acting as a sponsor. MEL's asset management company, Mitsubishi Jisho Investment Advisors, Inc. has an extensive track record in real estate fund management since its establishment in 2001. Through (HYBRID) (Note) utilization of the strengths of both companies, MEL aims for maximization of unitholder value by building of a high-quality portfolio and steady and stable asset management through selective investments in highly competitive logistics facilities that meet tenant needs that focus on location, building features and stability. Furthermore, MEL announced management policy (Three Pillars) on April 17, 2019, as a management plan designed to maximize unitholder value in the medium-to long-term. The management policy is intended to gather the entire MEC Group to work together and increase unitholder value of MEL, focusing on the following three pillars: Alignment (align interest with unitholders), Discipline (disciplined growth) and Hybrid (enhance MEL's unique strategy, the Hybrid model). During the fiscal period ended February 28, 2025, MEL disposed 49% of co-beneficiary interest of MJ Logipark Sendai 1 in September 2024 and acquired MJ Logipark Aisai 1 in October 2024. As a result, MEL owned 35 properties (aggregate total acquisition price: 271,593 million yen), as of the end of the reporting fiscal period (Feb. 28, 2025). Mitsubishi Estate Logistics REIT Investment Corporation was incorporated in Japan on July 14, 2016 and incorporated in Japan.", "setup_signature": "Risk-first tape", "composite_score": "37", "kpis": [{"label": "Latest Close", "value": "119,600 JPY", "hint": "2026-06-12"}, {"label": "1W Return", "value": "2.0%", "tone": "positive", "hint": "latest completed week"}, {"label": "4W Return", "value": "-1.6%", "tone": "negative", "hint": "short-term follow-through"}, {"label": "12W Return", "value": "-6.7%", "tone": "negative", "hint": "quarterly tape"}, {"label": "Trend Breadth", "value": "84.6%", "hint": "44 of 52 weeks active"}, {"label": "Volume Ratio", "value": "0.9x", "hint": "vs 13-week average"}], "classification": {"exchange": "JPX", "country": "JP", "sector": "Real Estate", "industry": "Reit - Industrial", "currency": "JPY", "market_cap": "180.6B"}, "price": {"trend_line": "126,742 JPY", "fair_value": "116,062 JPY", "vs_trend": "-5.6%", "vs_fair_value": "3.0%", "high_52": "135,457 JPY", "low_52": "111,446 JPY", "drawdown": "-11.7%", "range_position": "34.0%"}, "momentum": {"returns": [{"label": "1W", "value": 2.04778156996587, "value_label": "2.0%", "tone": "positive", "width": 5.850804485616772}, {"label": "4W", "value": -1.5637860082304527, "value_label": "-1.6%", "tone": "negative", "width": 4.467960023515579}, {"label": "12W", "value": -6.708268330733229, "value_label": "-6.7%", "tone": "negative", "width": 19.166480944952085}, {"label": "26W", "value": -6.000840103124486, "value_label": "-6.0%", "tone": "negative", "width": 17.145257437498532}, {"label": "52W", "value": 5.683789749125262, "value_label": "5.7%", "tone": "positive", "width": 16.239399283215036}], "trend_streak": 0, "active_weeks": 44, "active_breadth": "84.6%", "peer": {"scope": "JP Real Estate", "count": 192, "rank": 61, "percentile": 68.58638743455498, "avg_weekly_return": 0.52521100533751}}, "setup": {"scores": [{"label": "Trend", "value": 46.53846153846154, "value_label": "47", "width": 46.53846153846154, "tone": "neutral", "description": "Persistence of active Trend Signal over the last year and current streak."}, {"label": "Momentum", "value": 40.36585068341005, "value_label": "40", "width": 40.36585068341005, "tone": "neutral", "description": "Blend of 4-week and 12-week follow-through."}, {"label": "Dynamics", "value": 29.173229293745173, "value_label": "29", "width": 29.173229293745173, "tone": "negative", "description": "Latest Market Dynamics and whether pressure has improved over four weeks."}, {"label": "Relative Strength", "value": 0, "value_label": "0", "width": 4, "tone": "negative", "description": "Relative leadership and short-term RS change."}, {"label": "Volume", "value": 39.37987700246746, "value_label": "39", "width": 39.37987700246746, "tone": "neutral", "description": "Participation compared with the 13-week volume baseline."}, {"label": "Risk Control", "value": 68.27623244452867, "value_label": "68", "width": 68.27623244452867, "tone": "positive", "description": "Drawdown and recent weekly volatility pressure."}], "timeline": [{"week": "27 Feb", "return": 1.4705113823208147, "return_label": "1.5%", "tone": "positive", "trend": true, "buy_signal": false, "positive_md": false, "height": 12.254261519340123}, {"week": "6 Mar", "return": -0.7692307692307693, "return_label": "-0.8%", "tone": "negative", "trend": true, "buy_signal": false, "positive_md": false, "height": 6.4102564102564115}, {"week": "13 Mar", "return": -1.1627906976744187, "return_label": "-1.2%", "tone": "negative", "trend": true, "buy_signal": false, "positive_md": false, "height": 9.689922480620156}, {"week": "20 Mar", "return": 0.5490196078431373, "return_label": "0.5%", "tone": "positive", "trend": true, "buy_signal": false, "positive_md": false, "height": 4.575163398692811}, {"week": "27 Mar", "return": -0.5460218408736349, "return_label": "-0.5%", "tone": "negative", "trend": true, "buy_signal": false, "positive_md": false, "height": 4.5501820072802905}, {"week": "3 Apr", "return": -0.7843137254901961, "return_label": "-0.8%", "tone": "negative", "trend": true, "buy_signal": false, "positive_md": false, "height": 6.535947712418301}, {"week": "10 Apr", "return": 1.185770750988142, "return_label": "1.2%", "tone": "positive", "trend": true, "buy_signal": false, "positive_md": false, "height": 9.881422924901184}, {"week": "17 Apr", "return": -1.09375, "return_label": "-1.1%", "tone": "negative", "trend": true, "buy_signal": false, "positive_md": false, "height": 9.114583333333332}, {"week": "24 Apr", "return": -1.8957345971563981, "return_label": "-1.9%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 15.797788309636651}, {"week": "1 May", "return": -1.610305958132045, "return_label": "-1.6%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 13.419216317767042}, {"week": "8 May", "return": 0.4909983633387889, "return_label": "0.5%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 4.091653027823241}, {"week": "15 May", "return": -1.0586319218241043, "return_label": "-1.1%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 8.821932681867535}, {"week": "22 May", "return": -1.2345679012345678, "return_label": "-1.2%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 10.288065843621398}, {"week": "29 May", "return": 1.3333333333333335, "return_label": "1.3%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 11.111111111111112}, {"week": "5 Jun", "return": -3.618421052631579, "return_label": "-3.6%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 30.153508771929825}, {"week": "12 Jun", "return": 2.04778156996587, "return_label": "2.0%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 17.064846416382252}]}, "groups": {"sector": {"scope": "JP Real Estate", "count": 100, "avg_weekly_return": 2.1487453691860634, "avg_four_week_return": -2.312247803858528, "avg_twelve_week_return": -5.414069514974471, "trend_breadth": 14.000000000000002, "positive_md_breadth": 8.0, "positive_rs_breadth": 2.0, "week_rank": 53, "four_week_rank": 37, "twelve_week_rank": 42, "top_peers": [{"id": 25041, "symbol": "3480", "name": "J.S.B.Co.,Ltd.", "exchange": "JPX", "url": "/terminal/d85969ee-112a-40c7-88a4-0c7065c61952/report/", "weekly_return": 2.0618556701030926, "weekly_return_label": "2.1%", "weekly_return_tone": "positive", "four_week_return": 31.499051233396585, "four_week_return_label": "31.5%", "four_week_return_tone": "positive", "twelve_week_return": 105.63798219584571, "twelve_week_return_label": "105.6%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": true}, {"id": 25012, "symbol": "3465", "name": "Ki-Star Real Estate Co.,Ltd", "exchange": "JPX", "url": "/terminal/86ab8df5-9ae2-425e-9807-00db36ec3a92/report/", "weekly_return": 7.162921348314606, "weekly_return_label": "7.2%", "weekly_return_tone": "positive", "four_week_return": 9.0, "four_week_return_label": "9.0%", "four_week_return_tone": "positive", "twelve_week_return": 20.139068879677826, "twelve_week_return_label": "20.1%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": false, "positive_rs": false}, {"id": 31603, "symbol": "8975", "name": "Ichigo Office REIT Investment Corporation", "exchange": "JPX", "url": "/terminal/57d72905-d6aa-4c4e-a90c-7582b1181684/report/", "weekly_return": 11.058263971462544, "weekly_return_label": "11.1%", "weekly_return_tone": "positive", "four_week_return": 6.742857142857144, "four_week_return_label": "6.7%", "four_week_return_tone": "positive", "twelve_week_return": -0.07495715539935581, "twelve_week_return_label": "-0.1%", "twelve_week_return_tone": "negative", "trend_active": false, "positive_md": false, "positive_rs": false}, {"id": 24201, "symbol": "2780", "name": "Komehyo Holdings Co.,Ltd.", "exchange": "JPX", "url": "/terminal/ab898ed3-24ad-4c5b-8404-0e7c0df229db/report/", "weekly_return": -1.3435700575815739, "weekly_return_label": "-1.3%", "weekly_return_tone": "negative", "four_week_return": 6.528497409326425, "four_week_return_label": "6.5%", "four_week_return_tone": "positive", "twelve_week_return": 12.430531422151187, "twelve_week_return_label": "12.4%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": true}, {"id": 25010, "symbol": "3463", "name": "Ichigo Hotel REIT Investment Corporation", "exchange": "JPX", "url": "/terminal/04fb7644-262b-4adf-8a75-dccc120e0147/report/", "weekly_return": 0.0, "weekly_return_label": "0.0%", "weekly_return_tone": "neutral", "four_week_return": 4.659832246039143, "four_week_return_label": "4.7%", "four_week_return_tone": "positive", "twelve_week_return": -3.189655172413793, "twelve_week_return_label": "-3.2%", "twelve_week_return_tone": "negative", "trend_active": false, "positive_md": false, "positive_rs": false}]}, "industry": {"scope": "JP Reit - Industrial", "count": 7, "avg_weekly_return": 2.323045573990423, "avg_four_week_return": -1.5555370249530018, "avg_twelve_week_return": -6.222763499775126, "trend_breadth": 0.0, "positive_md_breadth": 0.0, "positive_rs_breadth": 0.0, "week_rank": 5, "four_week_rank": 5, "twelve_week_rank": 4, "top_peers": [{"id": 31594, "symbol": "8967", "name": "Japan Logistics Fund, Inc.", "exchange": "JPX", "url": "/terminal/fc02973a-c8ac-44c6-b4d2-c91665b25e41/report/", "weekly_return": 1.9736842105263157, "weekly_return_label": "2.0%", "weekly_return_tone": "positive", "four_week_return": 0.3236245954692557, "four_week_return_label": "0.3%", "four_week_return_tone": "positive", "twelve_week_return": -9.1796875, "twelve_week_return_label": "-9.2%", "twelve_week_return_tone": "negative", "trend_active": false, "positive_md": false, "positive_rs": false}, {"id": 24728, "symbol": "3249", "name": "Industrial & Infrastructure Fund Investment Corporation", "exchange": "JPX", "url": "/terminal/4963db54-6720-4469-9f59-090ac243388c/report/", "weekly_return": 3.420669577874818, "weekly_return_label": "3.4%", "weekly_return_tone": "positive", "four_week_return": -0.6988120195667366, "four_week_return_label": "-0.7%", "four_week_return_tone": "negative", "twelve_week_return": -4.502688172043011, "twelve_week_return_label": "-4.5%", "twelve_week_return_tone": "negative", "trend_active": false, "positive_md": false, "positive_rs": false}, {"id": 24765, "symbol": "3283", "name": "Nippon Prologis REIT, Inc.", "exchange": "JPX", "url": "/terminal/e48985ef-dc02-4908-98b7-f6c333f4afc7/report/", "weekly_return": 3.3980582524271843, "weekly_return_label": "3.4%", "weekly_return_tone": "positive", "four_week_return": -0.8817179048029686, "four_week_return_label": "-0.9%", "four_week_return_tone": "negative", "twelve_week_return": -4.4682318069835425, "twelve_week_return_label": "-4.5%", "twelve_week_return_tone": "negative", "trend_active": false, "positive_md": false, "positive_rs": false}, {"id": 24759, "symbol": "3281", "name": "GLP J-REIT", "exchange": "JPX", "url": "/terminal/461d35d1-ae3d-485f-8aad-da83a309791c/report/", "weekly_return": 2.217125382262997, "weekly_return_label": "2.2%", "weekly_return_tone": "positive", "four_week_return": -1.0362694300518136, "four_week_return_label": "-1.0%", "four_week_return_tone": "negative", "twelve_week_return": -3.674351585014409, "twelve_week_return_label": "-3.7%", "twelve_week_return_tone": "negative", "trend_active": false, "positive_md": false, "positive_rs": false}, {"id": 25043, "symbol": "3481", "name": "Mitsubishi Estate Logistics REIT Investment Corporation", "exchange": "JPX", "url": "/terminal/f46f3c36-dc63-49a2-8bec-7e92ea5a6f89/report/", "weekly_return": 2.04778156996587, "weekly_return_label": "2.0%", "weekly_return_tone": "positive", "four_week_return": -1.5637860082304527, "four_week_return_label": "-1.6%", "four_week_return_tone": "negative", "twelve_week_return": -6.708268330733229, "twelve_week_return_label": "-6.7%", "twelve_week_return_tone": "negative", "trend_active": false, "positive_md": false, "positive_rs": false}]}}, "dynamics": {"market_dynamics": "-1.18", "market_dynamics_tone": "negative", "md_4_change": "6.2%", "relative_strength": "-26.11", "rs_4_change": "-18.2%", "expectation": "Negative", "expectation_probability": "43.79%"}, "volume": {"latest": "17.3K", "average_13": "18.4K", "average_52": "17.8K", "ratio_13": "0.9x", "ratio_52": "1.0x"}, "risk": {"volatility_13": "1.5%", "volatility_52": "1.5%", "downside_weeks": 23, "upside_weeks": 29, "downside_breadth": "44.2%", "average_gain": "1.2%", "average_loss": "-1.3%"}, "signals": [{"label": "Trend Signal", "value": "Inactive", "tone": "negative"}, {"label": "Market Dynamics", "value": "No fresh buy", "tone": "neutral"}, {"label": "Price vs Trend", "value": "-5.6%", "tone": "negative"}, {"label": "Volume", "value": "0.9x", "tone": "neutral"}], "opportunities": ["Price is above Fair Value, showing premium demand versus the model."], "risks": ["Trend Signal is inactive, so price action has not confirmed a constructive regime.", "Price is below the Trend Line, which keeps downside pressure in focus.", "Market Dynamics is negative, which weakens the current setup."], "watch_points": ["Trend Line remains the key weekly regime level.", "Market Dynamics is the pressure gauge to monitor for confirmation or fade.", "A volume ratio above 1.5x would show stronger participation in the next move."], "recent_rows": [{"week": "2026-06-12", "close": "119,600 JPY", "weekly_return": 2.04778156996587, "weekly_return_label": "2.0%", "weekly_return_tone": "positive", "trend_line": "126,742 JPY", "fair_value": "116,062 JPY", "market_dynamics": "-1.18", "relative_strength": "-26.11", "volume": "17.3K", "trend_signal": "Off"}, {"week": "2026-06-05", "close": "117,200 JPY", "weekly_return": -3.618421052631579, "weekly_return_label": "-3.6%", "weekly_return_tone": "negative", "trend_line": "126,941 JPY", "fair_value": "116,083 JPY", "market_dynamics": "-1.14", "relative_strength": "-28.87", "volume": "21.3K", "trend_signal": "Off"}, {"week": "2026-05-29", "close": "121,600 JPY", "weekly_return": 1.3333333333333335, "weekly_return_label": "1.3%", "weekly_return_tone": "positive", "trend_line": "127,136 JPY", "fair_value": "116,125 JPY", "market_dynamics": "-1.22", "relative_strength": "-26.61", "volume": "27.2K", "trend_signal": "Off"}, {"week": "2026-05-22", "close": "120,000 JPY", "weekly_return": -1.2345679012345678, "weekly_return_label": "-1.2%", "weekly_return_tone": "negative", "trend_line": "127,108 JPY", "fair_value": "116,126 JPY", "market_dynamics": "-1.31", "relative_strength": "-24.80", "volume": "19.1K", "trend_signal": "Off"}, {"week": "2026-05-15", "close": "121,500 JPY", "weekly_return": -1.0586319218241043, "weekly_return_label": "-1.1%", "weekly_return_tone": "negative", "trend_line": "127,127 JPY", "fair_value": "116,135 JPY", "market_dynamics": "-1.26", "relative_strength": "-22.09", "volume": "23.9K", "trend_signal": "Off"}, {"week": "2026-05-08", "close": "122,800 JPY", "weekly_return": 0.4909983633387889, "weekly_return_label": "0.5%", "weekly_return_tone": "positive", "trend_line": "127,071 JPY", "fair_value": "116,151 JPY", "market_dynamics": "-1.24", "relative_strength": "-23.47", "volume": "10.2K", "trend_signal": "Off"}, {"week": "2026-05-01", "close": "122,200 JPY", "weekly_return": -1.610305958132045, "weekly_return_label": "-1.6%", "weekly_return_tone": "negative", "trend_line": "126,961 JPY", "fair_value": "116,145 JPY", "market_dynamics": "-1.12", "relative_strength": "-20.38", "volume": "17.6K", "trend_signal": "Off"}, {"week": "2026-04-24", "close": "124,200 JPY", "weekly_return": -1.8957345971563981, "weekly_return_label": "-1.9%", "weekly_return_tone": "negative", "trend_line": "126,815 JPY", "fair_value": "116,139 JPY", "market_dynamics": "-1.01", "relative_strength": "-19.98", "volume": "21.7K", "trend_signal": "Off"}, {"week": "2026-04-17", "close": "126,600 JPY", "weekly_return": -1.09375, "weekly_return_label": "-1.1%", "weekly_return_tone": "negative", "trend_line": "126,682 JPY", "fair_value": "116,119 JPY", "market_dynamics": "-0.90", "relative_strength": "-17.34", "volume": "18.3K", "trend_signal": "On"}, {"week": "2026-04-10", "close": "128,000 JPY", "weekly_return": 1.185770750988142, "weekly_return_label": "1.2%", "weekly_return_tone": "positive", "trend_line": "126,448 JPY", "fair_value": "116,064 JPY", "market_dynamics": "-0.88", "relative_strength": "-14.82", "volume": "11.1K", "trend_signal": "On"}, {"week": "2026-04-03", "close": "126,500 JPY", "weekly_return": -0.7843137254901961, "weekly_return_label": "-0.8%", "weekly_return_tone": "negative", "trend_line": "126,146 JPY", "fair_value": "115,986 JPY", "market_dynamics": "-0.79", "relative_strength": "-10.45", "volume": "18.7K", "trend_signal": "On"}, {"week": "2026-03-27", "close": "127,500 JPY", "weekly_return": -0.5460218408736349, "weekly_return_label": "-0.5%", "weekly_return_tone": "negative", "trend_line": "125,811 JPY", "fair_value": "115,907 JPY", "market_dynamics": "-0.72", "relative_strength": "-10.71", "volume": "21.1K", "trend_signal": "On"}, {"week": "2026-03-20", "close": "128,200 JPY", "weekly_return": 0.5490196078431373, "weekly_return_label": "0.5%", "weekly_return_tone": "positive", "trend_line": "125,535 JPY", "fair_value": "115,815 JPY", "market_dynamics": "-0.60", "relative_strength": "-10.63", "volume": "12.2K", "trend_signal": "On"}, {"week": "2026-03-13", "close": "127,500 JPY", "weekly_return": -1.1627906976744187, "weekly_return_label": "-1.2%", "weekly_return_tone": "negative", "trend_line": "125,209 JPY", "fair_value": "115,722 JPY", "market_dynamics": "-0.58", "relative_strength": "-12.20", "volume": "16.7K", "trend_signal": "On"}], "chart_url": "/terminal/f46f3c36-dc63-49a2-8bec-7e92ea5a6f89/", "api_path": "/terminal/f46f3c36-dc63-49a2-8bec-7e92ea5a6f89/report/api/"}