We initiate coverage of Mitsubishi Estate, one of Japan's leading real estate developers and best known for its Marunouchi portfolio. The group operates across multiple asset classes and is vertically integrated with investment management, brokerage, and consulting services.
Tokyo office rents outperform on tight supply and strong demand. Higher rental reversion and occupancy lift recurring earnings and property values.
Japanese interest rates rise faster than expected, increasing financing costs and property cap rates.
|
Metric
|
8802
|
8830
|
8801
|
|---|---|---|---|
Price/Earnings (Normalized) | 22.92 | 14.90 | 18.21 |
Price/Book Value | 1.59 | 1.19 | 1.22 |
Price/Sales | 2.52 | 2.80 | 1.50 |
Price/Cash Flow | 12.75 | 11.29 | 13.28 |
|
Metric
|
8802
|
8830
|
8801
|
|---|---|---|---|
Quick Ratio | 1.28 | 0.09 | 0.10 |
Current Ratio | 1.93 | 1.31 | 1.76 |
Interest Coverage | 7.30 | 12.13 | 6.11 |
|
Metric
|
8802
|
8830
|
8801
|
|---|---|---|---|
Return on Assets (Normalized) | — | — | — |
Return on Equity (Normalized) | — | — | — |
Return on Invested Capital (Normalized) | — | — | — |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Mitsubishi Estate Co Ltd
MITEF
| — | LOCK|Q<y | $27B | |||
| Mitsubishi Estate Co Ltd ADR
MITEY
| — | LOCK|%w> | $27B | |||
| Mitsui Fudosan Co Ltd
MTSFF
| — | LOCK|>Nn | $25B | |||
| Mitsui Fudosan Co Ltd ADR
MTSFY
| — | LOCK|M$ | $25B | |||
| Henderson Land Development Co Ltd
HLDVF
| — | LOCK|%!? | $16B | |||
| Henderson Land Development Co Ltd ADR
HLDCY
| — | LOCK|rmn | $16B | |||
| Swiss Prime Site AG
SWPRF
| — | LOCK|Hh#V% | $11B | |||
| SM Prime Holdings Inc
SPHXF
| — | LOCK|&<# | $7B | |||
| Daito Trust Construction Co Ltd ADR
DIFTY
| — | LOCK|@% | $7B | |||
| Daito Trust Construction Co Ltd
DITTF
| — | LOCK|jGm | $7B |
United States