GLP J-REIT
GLP J-REIT (JPX: 3281) is trading at ¥131,600.00, about ₹80,364 at today's JPY/INR rate, as of 28 Sep 2026, 10:30 PM ET, down 0.83% today. Indian residents can buy GLP J-REIT from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
¥131,200.00
Today's high
¥132,000.00
52 week low
¥127,700.00
52 week high
¥152,800.00
3281 opened at ¥131,700.00, closed previously at ¥132,700.00, and has traded between ¥127,700.00 and ¥152,800.00 over the past 52 weeks.
About
GLP J-REIT operates as a real estate investment trust, specializing in advanced and highly functional logistics facilities. Founded by GLP Japan Advisors Inc. in accordance with Japan's Investment Trust Act, its units began trading on the Tokyo Stock Exchange's Real Estate Investment Trust Market (securities code: 3281) on December 21, 2012. With the GLP Group serving as its sponsor, the REIT capitalizes on the group's extensive experience and management capabilities to invest in high-quality logistics assets. Its primary goals are to secure stable income and foster consistent growth in its asset base over the medium to long term. Since commencing operations as a listed J-REIT in January 2013 with an initial portfolio of 30 properties valued at ¥208,731 million, GLP J-REIT has continuously expanded its holdings through strategic acquisitions. As of the close of the most recent fiscal period, its portfolio encompasses 78 properties, representing a total acquisition price of ¥644,878 million.
Key statistics
Avg. volume
14.94K
Market cap
¥631.38B
P/E Ratio
20.39
Price-to-sales ratio
7.81
Enterprise value
¥989.77B
Free cash flow yield
9.40%
Debt-to-equity ratio
0.88
Return on equity
6.88%
ROIC
3.94%
Beta
0.40
Dividend yield
5.34%
Last dividend
¥7,029.00
Financial overview
Revenue
¥80.83B
Earnings per share
¥6,453.85
Free cash flow
¥59.34B
Net profit margin
38.49%
Gross margin
32.48%
EBITDA
¥43.32B
Revenue growth
48.80%
Similar securities
This is not an investment recommendation
How to buy GLP J-REIT from India
Indian residents can buy GLP J-REIT shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars and then to JPY.
Search for GLP J-REIT and place an order
Find GLP J-REIT by name or by its ticker, 3281, and choose an order type. The Tokyo Stock Exchange typically trades in units of 100 shares. GLP J-REIT trades 5:30 am – 12:00 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your GLP J-REIT position in JPY and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Read the full guide: how to invest in GLP J-REIT from India
Trading and taxes when buying GLP J-REIT from India
Trading and limits
- Trading hours
- 9:00 am – 3:30 pm JST
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateDividends are taxed at your slab rate in India. Japan withholds a preferential 10% on dividends for Indian residents under the India–Japan DTAA rather than the higher domestic rate, and the tax withheld can be claimed as a foreign tax credit in India. GLP J-REIT’s current yield is 5.34%.Dividend tax explained
- Estate or inheritance tax
- May applyJapan levies inheritance tax on Japan-located assets such as direct stocks, with an exemption of ¥30 million plus ¥6 million per statutory heir.Estate tax explained
Custody. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
Can Indian residents buy GLP J-REIT stock?
Yes. GLP J-REIT (3281) has been listed on the Tokyo Stock Exchange since 2012, in the REIT - Industrial industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars and then to JPY. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one GLP J-REIT share cost in rupees?
One GLP J-REIT share is ¥131,600.00 — about ₹80,364 at a JPY/INR rate of 0.6107 on 28 Sep 2026. Both the GLP J-REIT price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying GLP J-REIT from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
What is the minimum I can buy of GLP J-REIT?
The Tokyo Stock Exchange typically trades in units of 100 shares.
How are gains on GLP J-REIT shares taxed in India?
Japan generally does not levy capital gains tax on non-resident individual investors, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the JPY/INR rate on the purchase and the sale date, so the rupee move counts alongside the GLP J-REIT price. Paasa issues a capital-gains statement for your return.
Does GLP J-REIT pay a dividend, and how is it taxed in India?
Yes. GLP J-REIT pays a dividend and the current yield is 5.34%; the last declared dividend was ¥7,029.00 per share, about ₹4,292.37. Dividends are taxed at your slab rate in India. Japan withholds a preferential 10% on dividends for Indian residents under the India–Japan DTAA rather than the higher domestic rate, and the tax withheld can be claimed as a foreign tax credit in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade GLP J-REIT from India?
The Tokyo Stock Exchange trades 5:30 am – 12:00 pm IST in Indian time. It also halts for lunch, 8:00 am – 9:00 am IST. Orders can only execute during that window.
Is there estate or inheritance tax on GLP J-REIT shares held from India?
Japan levies inheritance tax on Japan-located assets such as direct stocks, with an exemption of ¥30 million plus ¥6 million per statutory heir. It applies to your overall holdings in that jurisdiction rather than to any one position.
Do I have to declare GLP J-REIT shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your GLP J-REIT holding, its cost and its closing value.
How do I sell GLP J-REIT and bring the money back to India?
You sell during market hours (5:30 am – 12:00 pm IST) and the proceeds settle in JPY in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.