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Ichigo Office REIT Investment Corporation
Ichigo Office (8975) is a specialized office REIT that focuses on mid-size offices, an asset class that offers both return stability and upside potential. Ichigo Office seeks to drive higher earnings and sustainable growth for its shareholders by increasing the value of its assets through a broad array of value-add activities, including tailored tenant services, structural building improvements, and targeted tenant leasing. Ichigo Office is managed by Ichigo Investment Advisors, the asset management subsidiary of Ichigo, a major Japanese real estate owner/operator. Ichigo Investment Advisors works to grow value on behalf of shareholders by deploying its deep experience and know-how in developing, operating, and managing Japanese real estate. The mid-size offices in which we invest produce stable cashflows, supporting stable dividends for shareholders. Also, this economically-sensitive asset class provides upside for shareholders via the possibility of higher rent income as the Japanese economy shows signs of emerging from multiple decades of deflation. Furthermore, because the market for mid-size offices in Japan is relatively inefficient and has less participation by other major real estate companies, who tend to focus on larger assets, there is a significant opportunity to add value and increase the profitability of the assets we acquire.
Market Cap
JPY 132.3B
Volume
4.0K
Cash and Equivalents
JPY 6.9B
EBITDA
JPY 6.0B
Tax Rate Collected
N/A
Tax Rate Ratio
N/A
Gross Profit
JPY 5.1B
Profit Margin
55.80%
52 Week High
JPY 86.7K
52 Week Low
JPY 76.0K
Dividend
5.75%
Price / Book Value
1.24
Price / Earnings
31.92
Price / Tangible Book Value
1.30
Enterprise Value
JPY 249.2B
Enterprise Value / EBITDA
41.74
Operating Income
JPY 5.0B
Return on Equity
N/A
Return on Assets
N/A
Cash and Short Term Investments
JPY 6.9B
Debt
JPY 123.8B
Equity
JPY 106.4B
Revenue
JPY 9.2B
Unlevered FCF
N/A
Sector
Office REITs
Category
N/A
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