Added to YB: 2024-04-25
Pitch date: 2024-04-23
8923.T [bullish]
Tosei Corporation
+48.39%
current return
Author Info
No bio for this author
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Company Info
Tosei Corporation operates in the revitalization, development, rental, fund and consulting, property management, and hotel businesses in Japan.
Market Cap
JPY 109.3B
Pitch Price
JPY 1.1K
Price Target
N/A
Dividend
3.23%
EV/EBITDA
10.39
P/E
8.68
EV/Sales
2.57
Sector
Real Estate Management and Development
Category
value
Show full summary:
Third Avenue International Real Estate Value Fund Portfolio Holding: Tosei Corporation
8923.T: Tosei, Tokyo real estate firm, creates value via revitalization (+sustainability) of aged buildings. Japan's top indie property mgr w/ $16B AUM (+28% CAGR since '20), incl. Blackstone & Allianz. Delivered 25% ann. return since Q4 '21 buy. Trades at 10x PE w/ 80% upside to NAV. CEO owns 26%.
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