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Added to YB: 2024-09-30

Pitch date: 2024-08-01

8802.T [bullish]

Mitsubishi Estate Co., Ltd.

+75.71%

current return

Author Info

No bio for this author

Company Info

Mitsubishi Estate Co., Ltd. engages in the real estate activities in Japan and internationally. The company develops, leases, manages, and sells office buildings and commercial facilities; operates rental offices, coworking space, virtual offices, hourly meeting rooms, home delivery storage service, commercial nursing homes, and building garages; offers real estate management, as well as building management services, such as security, facility management, cleaning, and planting services; and operates hotels and airports.

Market Cap

JPY 3.0T

Pitch Price

JPY 2.2K

Price Target

N/A

Dividend

N/A

EV/EBITDA

15.19

P/E

15.62

EV/Sales

3.94

Sector

Real Estate Management and Development

Category

value

Show full summary:
TCW Global Real Estate Fund Portfolio Holding: Mitsubishi Estate Co., Ltd.

8802.T: Japan property manager shifting to better capital allocation, targeting higher ROE. Positive housing & office rent prospects in key markets. May buyback plan & dividend policy. Stock dipped after prior gains, but improved investor returns focus encouraging. Undervalued vs potential.

Read full article (1 min)