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Mitsubishi Estate Logistics REIT Investment Corporation is currently in a long term uptrend where the price is trading 14.2% above its 200 day moving average.
From a valuation standpoint, the stock is 330.0% more expensive than other stocks from the Real Estate sector with a price to sales ratio of 20.8.
Mitsubishi Estate Logistics REIT Investment Corporation's total revenue sank by 0.0% to $1B since the same quarter in the previous year.
Its net income has dropped by 0.0% to $606M since the same quarter in the previous year.
Finally, its free cash flow grew by 65.1% to $2B since the same quarter in the previous year.
Based on the above factors, Mitsubishi Estate Logistics REIT Investment Corporation gets an overall score of 2/5.
CurrencyCode | JPY |
---|---|
ISIN | JP3048480002 |
Exchange | TSE |
Sector | Real Estate |
Industry | REIT - Industrial |
Beta | 0.22 |
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Market Cap | 176B |
PE Ratio | 18.32 |
Target Price | 139833.25 |
Dividend Yield | 5.1% |
Mitsubishi Estate Logistics REIT Investment Corporation ("MEL") was established on July 14, 2016 under the "Act on Investment Trust and Investment Corporation" ("Investment Trust Law"), and was listed on the REIT Securities Market of the Tokyo Stock Exchange on September 14, 2017 (securities code: 3481). MEL focuses on investing in logistics facilities as a listed real estate investment corporation. Mitsubishi Estate Co., Ltd. ("MEC"), one of the largest comprehensive developers in Japan, has been acting as a sponsor. MEL's asset management company, Mitsubishi Jisho Investment Advisors, Inc. ("Asset Management Company" or "MJIA") has an extensive track record in real estate fund management since its establishment in 2001. Through "HYBRID" (Note) utilization of the strengths of both companies, MEL aims for maximization of unitholder value by building of a high-quality portfolio and steady and stable asset management through selective investments in highly competitive logistics facilities that meet tenant needs that focus on "location", "building features" and "stability".
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