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Ichigo Office 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 86.1% more expensive than other stocks from the Real Estate sector with a price to sales ratio of 9.0.
Ichigo Office REIT Investment Corporation's total revenue sank by 0.0% to $4B since the same quarter in the previous year.
Its net income has dropped by 0.0% to $2B since the same quarter in the previous year.
Finally, its free cash flow fell by 2.3% to $2B since the same quarter in the previous year.
Based on the above factors, Ichigo Office REIT Investment Corporation gets an overall score of 1/5.
Exchange | TSE |
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CurrencyCode | JPY |
Sector | Real Estate |
Industry | REIT - Office |
ISIN | JP3046300004 |
Market Cap | 134B |
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Target Price | 89333.336 |
PE Ratio | 17.79 |
Dividend Yield | 7.7% |
Beta | 0.21 |
Ichigo Office (8975) is a specialized office REIT that focuses on mid-size offices, an asset class that offers both return stability and upside potential. Ichigo Office seeks to drive higher earnings and sustainable growth for its shareholders by increasing the value of its assets through a broad array of value-add activities, including tailored tenant services, structural building improvements, and targeted tenant leasing. Ichigo Office is managed by Ichigo Investment Advisors, the asset management subsidiary of Ichigo, a major Japanese real estate owner/operator. Ichigo Investment Advisors works to grow value on behalf of shareholders by deploying its deep experience and know-how in developing, operating, and managing Japanese real estate. The mid-size offices in which we invest produce stable cashflows, supporting stable dividends for shareholders. Also, this economically-sensitive asset class provides upside for shareholders via the possibility of higher rent income as the Japanese economy shows signs of emerging from multiple decades of deflation. Furthermore, because the market for mid-size offices in Japan is relatively inefficient and has less participation by other major real estate companies, who tend to focus on larger assets, there is a significant opportunity to add value and increase the profitability of the assets we acquire.
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