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Sumitomo Realty & Development Co Ltd SURDF Stock Quote

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Morningstar‘s Stock Analysis SURDF

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INVESTOR

5-Star Price

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Economic Moat

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Key Statistics SURDF

Company Profile SURDF

Business Description

Sumitomo Realty & Development is one of the three big Japanese real estate companies. Unlike Mitsubishi Estate in Marunouchi or Mitsui Fudosan in Nihonbashi, it did not inherit a cluster of prime properties from its prewar predecessor, so Sumitomo Realty has built up a portfolio dispersed across central Tokyo (not just in the main business districts) by opportunistically redeveloping plots of land acquired piecemeal. After office leasing, condo development is a relatively important business for Sumitomo Realty, contributing close to one fourth of its operating profit. The firm is slightly smaller than Mitsubishi Estate and Mitsui Fudosan by assets and has more financial leverage than they do.

Contact
Shinjuku NS Building, 4-1, Nishi-Shinjuku 2-chome
Tokyo, 163-0820, Japan
T +81 333462342
Industry Real Estate Services
Most Recent Earnings Jun 30, 2022
Fiscal Year End Mar 31, 2021
Stock Type
Employees 16,359