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
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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