Professional
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
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.
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