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Added to YB: 2024-04-25

Pitch date: 2024-04-23

3231.T [bullish]

Nomura Real Estate Holdings, Inc.

+20.05%

current return

Author Info

No bio for this author

Company Info

Nomura Real Estate Holdings, Inc. operates as a real estate company in Japan and internationally. The company develops, leases, and manages office buildings, commercial facilities, logistics facilities, hotels, and other properties; develops and sells condominiums and houses; operates housing with services for the elderly; develops rental properties; provides Internet advertising services for housing and living assistance services; and offers consignment services for planning and management for commercial facilities.

Market Cap

JPY 709.0B

Pitch Price

JPY 790.86

Price Target

N/A

Dividend

4.02%

EV/EBITDA

13.47

P/E

10.49

EV/Sales

2.45

Sector

Real Estate Management and Development

Category

value

Show full summary:
Third Avenue International Real Estate Value Fund Portfolio Holding: Nomura Real Estate Holdings, Inc.

3231.T: Nomura Real Estate - strong corp gov, track record of CF & book value growth since '06 IPO. Trades at 11x earnings w/ upside to NAV. Mgmt committed to returning ~50% of annual CF via divs & buybacks. 36% owned by Nomura Holdings, which may divest stake, attracting PE interest.

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