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1 Comment
Starts Proceed Investment Corporation is currently in a long term uptrend where the price is trading 19.8% above its 200 day moving average.
From a valuation standpoint, the stock is 71.6% more expensive than other stocks from the Real Estate sector with a price to sales ratio of 8.3.
Starts Proceed Investment Corporation's total revenue sank by 0.0% to $2B since the same quarter in the previous year.
Its net income has dropped by 0.0% to $576M since the same quarter in the previous year.
Finally, its free cash flow grew by 155.4% to $3B since the same quarter in the previous year.
Based on the above factors, Starts Proceed Investment Corporation gets an overall score of 2/5.
| Exchange | TSE |
|---|---|
| CurrencyCode | JPY |
| ISIN | JP3046340000 |
| Sector | Real Estate |
| Industry | REIT - Residential |
| Market Cap | 52B |
|---|---|
| PE Ratio | 18.73 |
| Target Price | 210000 |
| Dividend Yield | 5.7% |
| Beta | 0.11 |
Starts Proceed Investment Corporation ("SPI") was established on May 2, 2005, with 150 million yen in capital (750 units) based on the Act on Investment Trusts and Investment Corporations (Act No. 198 of 1951; including amendments thereto) (the "Investment Trusts Act"), completed registration with the Kanto Local Finance Bureau based on Article 187 of the Investment Trusts Act on June 15, 2005 (Registration No. 37 issued by the Director-General of the Kanto Local Finance Bureau), implemented additional issuance of investment units through public offering (21,600 units) on November 29, 2005, and listed on Jasdaq Securities Exchange, Inc. (currently Tokyo Stock Exchange, Inc. JASDAQ Market) (Securities Code: 8979) the next day. After three capital increases through public offering and other developments since listing on the JASDAQ Market, SPI listed on the Tokyo Stock Exchange, Inc. Real Estate Investment Trust Securities Market (Securities Code: 8979) on July 27, 2010, and this was accompanied by an application for delisting being filed with the JASDAQ Market on August 10, 2010, and the delisting from the JASDAQ Market taking effect on October 1, 2010. SPI entrusts asset management to Starts Asset Management Co., Ltd. (the "Asset Management Company") and sets the focus of management on investment in real estate of which the principal use is use as rental housing ("rental housing") as well as specified assets (the meaning provided in Article 2, Paragraph 1 of the Investment Trusts Act; the same hereinafter) backed mainly by rental housing. SPI also invests in monthly rental apartments, serviced apartments, hotels, residential facilities for the elderly (collectively referred to as "rental housing, etc." together with "rental housing"), which are assets related to rental housing, and real estate from which income can be expected due to other leasing revenue or specified assets backed by such real estate. As it invests in rental housing, etc., SPI adopts the basic policy of setting rental housing for average-income h
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