-
1 Comment
ESCON JAPAN REIT Investment Corporation is currently in a long term uptrend where the price is trading 17.6% above its 200 day moving average.
From a valuation standpoint, the stock is 100.0% more expensive than other stocks from the sector with a price to sales ratio of 11.0.
ESCON JAPAN REIT Investment Corporation's total revenue sank by 0.0% to $772M since the same quarter in the previous year.
Its net income has dropped by 0.0% to $441M since the same quarter in the previous year.
Finally, its free cash flow grew by 20.6% to $589M since the same quarter in the previous year.
Based on the above factors, ESCON JAPAN REIT Investment Corporation gets an overall score of 2/5.
| Sector | Real Estate |
|---|---|
| ISIN | JP3048810000 |
| Industry | REIT - Retail |
| Exchange | TSE |
| CurrencyCode | JPY |
| Market Cap | 46B |
|---|---|
| Dividend Yield | 5.3% |
| PE Ratio | 18.8 |
| Beta | 0.24 |
| Target Price | None |
ESCON REIT was established on August 26, 2016, with ES-CON ASSET MANAGEMENT Ltd. (hereinafter the Asset Manager) as the organizer, based on the Act on Investment Trusts and Investment Corporations (Act No. 198 of 1951, as amended; hereinafter the Investment Trust Act), and listed on the Real Estate Investment Trust Securities Market of Tokyo Stock Exchange, Inc. (hereinafter the Tokyo Stock Exchange) on February 13, 2019 (securities code: 2971). Afterwards ESCON REIT believes that, as population decline and concentration of population in major metropolitan areas continues, the demand to live in highly convenient major cities or areas with easy access to large cities will remain stable. Also, ESCON REIT believes that in order to support affluent lifestyles for people living in these areas, ESCON REIT requires commercial facility, residence and Assets aimed at creating a sustainable society, which is expected to solve diverse social issues in everyday life that affect local communities, such as declining birth rates, aging populations, environmental and energy issues, labor and education issues, and problems wrought by natural disasters. ESCON REIT defines these assets as lifestyle-focused assets and invests in lifestyle-focused assets located mainly in the five major metropolitan areas. Based on the above investment policy, ESCON REIT will seek to maximize unitholder value by aiming for more steady growth of assets under management. ESCON REIT now owns 37 properties with a total acquisition price of 70,373 million yen as of the end of the current fiscal period.
Learn MoreHere's how to backtest a trading strategy or backtest a portfolio for 2971.TSE using our backtest tool. PyInvesting provides the backtesting software for you to backtest your investment strategy. Our backtest software is written using Python code and allows you to backtest stock, backtest etf, backtest options, backtest crypto and backtest forex online. Our backtesting Python framework is highly robust and gives you a realistic simulation of how your strategy would have performed in the past using backtest data.
© PyInvesting 2025
