Sumitomo Realty & Development Co Ltd
8830: XTKS (JPN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|$lM | LOCK|B$ | LOCK|nqn>Y^n |
Sumitomo Realty: Initiating Coverage With JPY 3,850 Fair Value Estimate; Shares Fairly Valued
We initiate coverage on Sumitomo Realty & Development, or SRD, one of Japan's leading real estate developers. Unlike Mitsubishi Estate and Mitsui Fudosan, SRD differentiates itself by holding assets on its balance sheet, rather than recycling them through a sponsored REIT or private fund.
